Thermo Fisher Scientific Inc. (TMO)

TMO · Health Care · United States

Thermo Fisher Scientific Inc. (TMO) is a company in the Health Care sector, based in United States. The stock is held in 19 ETFs we track – with its largest weight of 3.93 % in XUHL (msci-usa-health-care). Anyone holding one of these ETFs also owns a small indirect stake in Thermo Fisher Scientific.

Above-average ETF coverage: 19 of the 95 ETFs we cover hold Thermo Fisher Scientific, spread across 8 indices. That puts the stock in more ETFs than 80.8 % of the 4,334 stocks we cover.

Held in19 ETFs

Highest weight3.93 %

Indices8

SectorHealth Care

CountryUnited States

ISINUS8835561023

WKN857209

Data note 1

Price chart

Data note 2

Performance

Performance
Year to date	+11.9 %	1 year	+34.9 %
1 month	+10.7 %	3 months	+40.4 %
Calendar year 2025	+11.4 %

52W

Data note 3

Measured in euros, Thermo Fisher Scientific returned +14.0 % year to date and +38.0 % over one year. The gap to the dollar figures above comes from the exchange rate alone: each daily price is converted at the ECB euro reference rate for the same day.

Data note 4

Risk metrics

Max drawdown-37.5 %

Volatility p.a.30.1 %

Data note 5

Below peak0.0 %

Beta to S&P 5000.58

Correlation to S&P 5000.24

The close on Sep 16, 2026 was the highest since our series begins on Aug 12, 2024. Over the last 252 trading days, on days when the S&P 500 rose or fell 1 %, Thermo Fisher Scientific moved on average 0.58 % in the same direction. The correlation of 0.24 shows how reliable that average is: the broad market explained only a small share of the daily moves.

Data note 6

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Correlated with
Instrument	r	−1 … +1
Danaher Corporation	+0.71
Agilent Technologies Inc.	+0.70
Revvity Inc.	+0.69
IQVIA Holdings Inc	+0.68
Charles River Laboratories International Inc.	+0.65
Mettler-Toledo International Inc.	+0.65
USD/CAD	-0.29
Seagate Technology Holdings plc	-0.28
Keysight Technologies Inc	-0.26

Data note 7

Key financials

Latest reported fiscal year (FY2025, period end 2025-12-31) as filed with the SEC.

Revenue44.6 bn $

Net income6.7 bn $

Diluted EPS17.74 $

Net margin15.1 %

Return on equity12.6 %

Equity ratio48.4 %

Revenue growth+3.9 %

Revenue and profit by fiscal year
Fiscal year	Revenue	Net income	Margin
FY2023	42.9	6.0	13.9 %
FY2024	42.9	6.3	14.8 %
FY2025	44.6	6.7	15.1 %

Data note 8

Held in these ETFs

Held in these ETFs
ETF	Index	Weight	per €1,000 in the ETF
XUHL / XUHC	msci-usa-health-care	3.93 %	€39.30
SPFS	msci-world-health-care	2.91 %	€29.10
XDWH	msci-world-health-care	2.89 %	€28.90
SPYL / SPY5	sp500	0.37 %	€3.70
SXR8	sp500	0.37 %	€3.70
XD9U / XD9D	msci-usa	0.37 %	€3.70
EUNL	msci-world	0.27 %	€2.70
XDWD / XDWL	msci-world	0.27 %	€2.70
SWWD	msci-world	0.26 %	€2.60
SPPW	msci-world	0.26 %	€2.60
WIMI	msci-world-imi	0.24 %	€2.40
SPYI / SPSA	msci-acwi-imi	0.24 %	€2.40
SPYY	msci-acwi	0.23 %	€2.30
IUSQ	msci-acwi	0.23 %	€2.30

Data note 9

The last column turns the weight into euros: this much of €1,000 invested in one of these funds is allocated to Thermo Fisher Scientific as of the fund's latest holdings list.

Weight in EUNL since 2019

Sep 30, 2019Sep 16, 2026

In EUNL, a fund tracking the MSCI World, Thermo Fisher Scientific had a weight of 0.28 % on Sep 30, 2019 and 0.27 % on Sep 16, 2026. Its share peaked at 0.43 % on Jun 30, 2022. The weight rises and falls with the stock's price relative to the other index members, and it also shifts when the index provider changes the composition.

Data note 10

How much Thermo Fisher Scientific Inc. overlaps with other holdings in a portfolio is shown by the Portfolio X-Ray and the ETF overlap check.

Stocks with similar ETF exposure

Names that reach a portfolio through largely the same funds as Thermo Fisher Scientific — the figure counts the ETFs holding both.

Data note 11

Key figures side by side

Key figures compared with stocks of similar ETF exposure
Stock	1 year	Volatility p.a.	Net margin	Revenue growth
Thermo Fisher Scientific	+34.9 %	30.1 %	15.1 %	+3.9 %
Boston Scientific Corporation	-55.6 %	31.0 %	–	+19.9 %
Danaher Corporation	+9.4 %	30.6 %	14.7 %	+2.9 %
Agilent Technologies	+20.8 %	31.5 %	18.8 %	+6.7 %
IQVIA Holdings Inc	+43.9 %	39.2 %	8.3 %	+5.9 %
Mettler-Toledo International	+8.0 %	32.7 %	21.6 %	+4.0 %
STERIS	-15.4 %	23.8 %	13.2 %	+8.7 %
Stryker Corporation	-24.4 %	25.4 %	12.9 %	+11.2 %
Veeva Systems	-3.3 %	39.1 %	28.4 %	+16.3 %

Return and volatility from our daily closing prices in US dollars; margin and growth from the latest SEC annual filing. Fiscal years do not all end on the same date.