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Thermo Fisher Scientific vs Zimmer Biomet Holdings: Which Stock Looks Stronger in 2026?

Zimmer Biomet holds the cleaner structural position, with growth as the main driver and valuation adding further support. Thermo Fisher Scientific still has the edge on profitability, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Thermo Fisher Scientific, which does not confirm the structural lead. That leaves a split case: the structural lead stays with Zimmer Biomet, but the market is not currently confirming it.

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 2026-07-05

Growth still does most of the heavy lifting in this comparison. Zimmer Biomet Holdings, Inc. leads by 10 points on the overall comparison score.

Trajectory Similarity
0.68
Moderately similar
Peer-set rank: #39
within Thermo Fisher Scientific Inc.'s functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The clearest structural overlap shows up in 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
TMO
Thermo Fisher Scientific Inc.
45
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
ZBH
Zimmer Biomet Holdings, Inc.
55
Peer-Score
Signal qualitylow
Peer basis: S&P 500

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

Score differences across key dimensions.

Dimension spread: TMO vs ZBH Profitability 36 26 Stability 46 38 Valuation 62 74 Growth 34 85 TMO ZBH
Gap Ranking
#1 Growth +51
#2 Valuation +12
#3 Profitability +10
#4 Stability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for TMO and ZBH Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer TMOZBH Relative valuation Structural strength

Zimmer Biomet Holdings, Inc. looks stronger on relative valuation, while the broader price setup remains mixed.

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

Entry today — historical context

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

BASED ON 5-YEAR HISTORY TMO Neutral · near norm 0th 50th 100th 30 pct gap ZBH Lower · near norm 0th 50th 100th 34th 4th
Today ZBH sits in the lower portion of its own 5-year history (4th percentile), while TMO sits higher in its own history (34th). Within each stock's own 5-year context, ZBH is at a historically more favourable entry position than TMO. 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
On growth, Zimmer Biomet Holdings, Inc. ranks near the top of the group; Thermo Fisher Scientific Inc. sits in the weaker half.
Valuation
On valuation, the same pattern holds: both rank well, but Zimmer Biomet Holdings, Inc. still sits higher.
Growth — Dominant Gap
TMO
34
ZBH
85
Gap+51in favour of ZBH

Earnings growth is one contributing factor within the growth lead.

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

Growth is the clearest driver of the lead, with valuation adding further support — though profitability still provides a real counterweight.

Explore full peer positioning in AssetNext

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

Explore full breakdown →
Similar growth-driven comparisons

Explore how TMO and ZBH 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.