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Stock Comparison · Structural lead, mixed market

Medtronic vs Thermo Fisher Scientific: Which Stock Looks Stronger in 2026?

Medtronic leads structurally, with profitability as the clearest single gap between the two profiles. The remaining gap is narrow enough that the comparison remains open to different readings. 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. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-05-17

Profitability remains the main source of distance in the comparison.

Trajectory Similarity
0.74
Similar
Peer-set rank: #3
within Medtronic plc'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.

Most of the shared profile comes through margin consistency and revenue stability.

Similarity drivers
margin consistencyrevenue stability
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
MDT
Medtronic plc
56
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
TMO
Thermo Fisher Scientific Inc.
49
Peer-Score
Signal qualitylow
Peer basis: S&P 500

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

The largest gaps do not all point in the same direction.

Dimension spread: MDT vs TMO Profitability 49 37 Stability 56 49 Valuation 76 67 Growth 38 40 MDT TMO
Gap Ranking
#1 Profitability +12
#2 Valuation +9
#3 Stability +7
#4 Growth +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for MDT and TMO Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer MDTTMO Relative valuation Structural strength

Medtronic plc and Thermo Fisher Scientific Inc. look relatively close on structure, but the price setup still leans toward Medtronic plc.

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY MDT Lower · below norm 0th 50th 100th 15 pct gap TMO Lower · below norm 0th 50th 100th 22nd 7th
Today TMO sits in the lower portion of its own 5-year history (7th percentile), while MDT sits higher in its own history (22nd). Within each stock's own 5-year context, TMO is at a historically more favourable entry position than MDT. 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
Profitability
Medtronic plc holds the stronger peer position on profitability.
Valuation
Both are strong on valuation, but Medtronic plc still ranks higher.
Profitability — Dominant Gap
MDT
49
TMO
37
Gap+12in favour of MDT

The profitability gap is visible, with the stronger side earning materially better operating marks.

What keeps the gap from being one-sided

Thermo Fisher Scientific Inc. still shows lower market-fundamental divergence, which keeps the wider picture mixed rather than completely one-sided.

What this means for the comparison

The structural lead is real, but pricing and the broader setup still stop short of a fully aligned result.

Explore full peer positioning in AssetNext

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

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Similar profitability-and-valuation comparisons

Explore how MDT 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.