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Thermo Fisher Scientific Inc. (TMO) is a leading scientific instrument and medical devices maker headquartered in Waltham, Massachusetts. Valued at an impressive market cap of $230.5 billion, the company operates in three segments: Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics.
Shares of TMO have failed to match the broader market's performance over the past year. While the stock has surged 14.2% over this time frame, the S&P 500 Index ($SPX) has rallied by 26.1%. In 2024, the stock rose 13.8%, compared to SPX’s 16.5% return on a YTD basis.