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

The structural profiles are close, with Thermo Fisher Scientific carrying a narrow edge on valuation. Zimmer Biomet still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — Thermo Fisher Scientific holds the more constructive position. That puts structure and market broadly in agreement — Thermo Fisher Scientific's lead looks more confirmed than conflicted.

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 2026-08-16

The overall separation remains limited, with no one area creating a decisive distance.

Trajectory Similarity
0.67
Moderately similar
Peer-set rank: #40
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.
51
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
ZBH
Zimmer Biomet Holdings, Inc.
47
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 27 Stability 46 37 Valuation 57 67 Growth 68 59 TMO ZBH
Gap Ranking
#1 Valuation +10
#2 Growth +9
#3 Profitability +9
#4 Stability +9
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

The setup splits cleanly: structure favours Thermo Fisher Scientific Inc., while the price setup favours Zimmer Biomet Holdings, Inc..

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 Elevated · above norm 0th 50th 100th 59 pct gap ZBH Lower · above norm 0th 50th 100th 85th 26th
Today ZBH sits in the lower-middle of its own 5-year history (26th percentile), while TMO sits higher in its own history (85th). 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
Valuation
Both rank well on valuation, but Zimmer Biomet Holdings, Inc. still sits higher.
Growth
On growth, the same pattern holds: both rank well, but Thermo Fisher Scientific Inc. still sits higher.
Valuation — Dominant Gap
TMO
57
ZBH
67
Gap+10in favour of ZBH

The peer-relative valuation gap is visible, with the stronger side also looking meaningfully cheaper.

What keeps the gap from being one-sided

Zimmer Biomet Holdings, 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 lead is visible, but the profile still looks more volatile than a fully settled winner.

Explore full peer positioning in AssetNext

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

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Other close 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.