JNJ vs. TMO: Johnson & Johnson vs. Thermo Fisher Scientific Stock Comparison

October 14, 2026

How do Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO) both fall under the Pharmaceuticals, Biotechnology & Life Sciences industry group, but JNJ is classified in Pharmaceuticals while TMO is classified in Life Sciences Tools & Services.

Company profile comparison for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Profile Item	JNJ	TMO
Name	Johnson & Johnson	Thermo Fisher Scientific Inc.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Pharmaceuticals, Biotechnology & Life Sciences	Pharmaceuticals, Biotechnology & Life Sciences
GICS Industry	Pharmaceuticals	Life Sciences Tools & Services
GICS Sub-Industry	Pharmaceuticals	Life Sciences Tools & Services
Market Capitalization	635.56 billion USD	244.86 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

JNJ

TMO

GSPC

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Metric	JNJ	TMO
Total Return (1Y)	33.32%	26.32%
Total Return (3Y, Annualized)	20.00%	11.36%
Total Return (5Y, Annualized)	12.45%	3.15%

Risk Profile

Drawdown History

JNJ

TMO

GSPC

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Metric	JNJ	TMO
Volatility (1Y, Annualized)	20.13%	29.00%
Beta (5Y)	0.22	0.85
Max Drawdown (5Y)	-18.41%	-40.95%
Avg. Volume (3M)	6.94M	2.06M

Risk-Adjusted Performance

Risk-Return Positioning

JNJ and TMO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Metric	JNJ	TMO
Sharpe Ratio (1Y)	1.43	0.75
Sortino Ratio (1Y)	2.16	1.15

Profitability

ROE (TTM)

Both Johnson & Johnson (JNJ) at 25.74% and Thermo Fisher Scientific (TMO) at 13.52% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

25.74%

Max: 102.29%
JNJ: 25.74%
Q3: 4.90%
Median: -28.58%
Q1: -64.07%
Min: -157.61%

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

13.52%

Max: 102.29%
TMO: 13.52%
Q3: 4.90%
Median: -28.58%
Q1: -64.07%
Min: -157.61%

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their ROE against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Net Margin (TTM)

Johnson & Johnson (JNJ) at 21.48% keeps the most of each sales dollar — above its industry’s net margin range — and Thermo Fisher Scientific (TMO) at 15.04% also retains a top-quartile share.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

21.48%

JNJ: 21.48%
Max: 18.88%
Q3: 4.25%
Median: 0.00%
Q1: -5.61%
Min: -20.05%

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

15.04%

Max: 18.88%
TMO: 15.04%
Q3: 4.25%
Median: 0.00%
Q1: -5.61%
Min: -20.05%

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their net margin against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Operating Margin (TTM)

Both Johnson & Johnson (JNJ) at 29.19% and Thermo Fisher Scientific (TMO) at 18.75% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

29.19%

Max: 76.04%
JNJ: 29.19%
Q3: 12.70%
Median: 0.00%
Q1: -69.09%
Min: -182.62%

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

18.75%

Max: 76.04%
TMO: 18.75%
Q3: 12.70%
Median: 0.00%
Q1: -69.09%
Min: -182.62%

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their operating margin against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Profitability Metrics

Profitability metrics for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Metric	JNJ	TMO
ROE (TTM)	25.74%	13.52%
ROA (TTM)	8.60%	5.13%
Net Margin (TTM)	21.48%	15.04%
Operating Margin (TTM)	29.19%	18.75%
Gross Margin (TTM)	68.14%	40.99%

Growth

Revenue Growth

Both Johnson & Johnson (JNJ) at 6.05% and Thermo Fisher Scientific (TMO) at 3.91% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Johnson & Johnson (JNJ) at 90.50% sits in the top EPS growth quartile, while Thermo Fisher Scientific (TMO) at 7.32% is closer to the peer norm — faster per-share earnings growth for JNJ.

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Metric	JNJ	TMO
Revenue Growth (YoY)	6.05%	3.91%
Revenue Growth (3Y CAGR)	5.60%	-0.27%
EPS Growth (YoY)	90.50%	7.32%
EPS Growth (3Y CAGR)	17.90%	0.21%

Financial Strength

Current Ratio (MRQ)

Both Johnson & Johnson (JNJ) at 1.09 and Thermo Fisher Scientific (TMO) at 1.55 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

1.09

Max: 26.10
Q3: 12.14
Median: 5.44
Q1: 2.50
JNJ: 1.09
Min: 0.10

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

1.55

Max: 26.10
Q3: 12.14
Median: 5.44
Q1: 2.50
TMO: 1.55
Min: 0.10

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their current ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Debt / Equity (MRQ)

Johnson & Johnson (JNJ) at 0.58 carries an industry-typical debt-to-equity mix, while Thermo Fisher Scientific (TMO) at 0.81 uses more debt funding than most peers.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.58

Max: 1.69
Q3: 0.69
JNJ: 0.58
Median: 0.15
Q1: 0.02
Min: 0.00

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.81

Max: 1.69
TMO: 0.81
Q3: 0.69
Median: 0.15
Q1: 0.02
Min: 0.00

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their debt-to-equity ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Metric	JNJ	TMO
Current Ratio (MRQ)	1.09	1.55
Debt / Equity (MRQ)	0.58	0.81
Net Debt / EBITDA	0.81	3.28

Dividends

Dividend Yield (TTM)

Both Johnson & Johnson (JNJ) at 2.00% and Thermo Fisher Scientific (TMO) at 0.27% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

2.00%

JNJ: 2.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

0.27%

TMO: 0.27%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their dividend yield against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Dividend Payout Ratio (TTM)

Both Johnson & Johnson (JNJ) at 60.72% and Thermo Fisher Scientific (TMO) at 9.69% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

60.72%

JNJ: 60.72%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

9.69%

TMO: 9.69%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their payout ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Dividend Metrics

Dividend metrics for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Metric	JNJ	TMO
Dividend Yield (TTM)	2.00%	0.27%
Dividend Payout Ratio (TTM)	60.72%	9.69%

Valuation

P/E Ratio (TTM)

Both Johnson & Johnson (JNJ) at 30.56 and Thermo Fisher Scientific (TMO) at 35.64 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

30.56

Max: 86.43
Q3: 46.76
JNJ: 30.56
Median: 29.36
Q1: 15.13
Min: 0.11

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

35.64

Max: 86.43
Q3: 46.76
TMO: 35.64
Median: 29.36
Q1: 15.13
Min: 0.11

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their P/E ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Johnson & Johnson (JNJ) at 6.49 and Thermo Fisher Scientific (TMO) at 5.28 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

6.49

Max: 56.49
Q3: 25.78
Median: 7.13
JNJ: 6.49
Q1: 3.29
Min: 0.01

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

5.28

Max: 56.49
Q3: 25.78
Median: 7.13
TMO: 5.28
Q1: 3.29
Min: 0.01

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their P/S ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

P/B Ratio (MRQ)

Thermo Fisher Scientific (TMO) at 4.65 is valued about in line with its industry on P/B ratio, while Johnson & Johnson (JNJ) at 7.47 carries an above-peer premium to book — JNJ is pricier on assets.

JNJ

Pharmaceuticals, Biotechnology & Life Sciences industry group

7.47

Max: 14.72
JNJ: 7.47
Q3: 7.03
Median: 3.57
Q1: 1.83
Min: -5.39

TMO

Pharmaceuticals, Biotechnology & Life Sciences industry group

4.65

Max: 14.72
Q3: 7.03
TMO: 4.65
Median: 3.57
Q1: 1.83
Min: -5.39

Johnson & Johnson (JNJ) vs. Thermo Fisher Scientific (TMO): A comparison of their P/B ratio against the Pharmaceuticals, Biotechnology & Life Sciences industry group benchmark.

Valuation Metrics

Valuation metrics for Johnson & Johnson (JNJ) and Thermo Fisher Scientific (TMO)
Metric	JNJ	TMO
P/E Ratio (TTM)	30.56	35.64
P/S Ratio (TTM)	6.49	5.28
P/B Ratio (MRQ)	7.47	4.65
Free Cash Flow Yield (TTM)	2.66%	2.55%