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Fresenius Medical Care vs Thermo Fisher Scientific: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Thermo Fisher Scientific carrying a narrow edge on growth. Fresenius Medical Care still has the edge on valuation, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (FME.DE: DAX 40, TMO: Russell 1000).

Updated 2026-05-17

The comparison is mainly decided in growth, with the rest of the profile carrying less weight.

Trajectory Similarity
0.72
Similar
Peer-set rank: #31
within Fresenius Medical Care AG's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The clearest structural overlap shows up in margin consistency and revenue growth trajectory.

Similarity drivers
margin consistencyrevenue growth trajectory
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
FME.DE
Fresenius Medical Care AG
51
Peer-Score
Signal qualityMedium
Peer basis: DAX 40
vs
TMO
Thermo Fisher Scientific Inc.
53
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in growth.

Dimension spread: FME.DE vs TMO Profitability 37 45 Stability 55 51 Valuation 84 68 Growth 17 44 FME.DE TMO
Gap Ranking
#1 Growth +27
#2 Valuation +16
#3 Profitability +8
#4 Stability +4
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for FME.DE and TMO Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer FME.DETMO Relative valuation Structural strength

Thermo Fisher Scientific Inc. occupies the cheaper side of the setup map, although Fresenius Medical Care AG still holds the stronger structural profile.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where FME.DE and TMO each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY FME.DE Neutral · below norm 0th 50th 100th 28 pct gap TMO Lower · below norm 0th 50th 100th 35th 7th
Today TMO sits in the lower portion of its own 5-year history (7th percentile), while FME.DE sits higher in its own history (35th). Within each stock's own 5-year context, TMO is at a historically more favourable entry position than FME.DE. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
Thermo Fisher Scientific Inc. sits higher in the group on growth, adding to the overall structural advantage.
Valuation
Both rank well on valuation, but Fresenius Medical Care AG still sits higher.
Growth — Dominant Gap
FME.DE
17
TMO
44
Gap+27in favour of TMO

One company is still expanding while the other is contracting, which creates a very wide growth split.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Fresenius Medical Care, with a forward P/E that is 7.6 turns lower there.

What this means for the comparison

The main read on growth is clearer than the broader score gap.

Explore full peer positioning in AssetNext

Break down the FME.DE vs TMO comparison across all dimensions with the full interactive tool.

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Similar growth-and-valuation comparisons

Explore how FME.DE and TMO each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.