HON vs TMO: Which Is the Better Buy?

Side-by-side comparison of Honeywell International Inc. and Thermo Fisher Scientific Inc. — fair value, conviction, valuation metrics, and QuantHub research signals. Updated 2026-05-04.
Honeywell International Inc. · Industrials
$213.17
-9.2% upside to fair value
Grade D
VS
Thermo Fisher Scientific Inc. · Healthcare
$462.60
+10.1% upside to fair value
Grade B
QuantHub Verdict
TMO has more upside to fair value (+10.1%). TMO trades at a lower forward P/E (25.1x). These are model outputs — not personalized investment advice. See all research →
Valuation & Fundamentals
Metric HON TMO
Current Price $213.17 $462.60
Fair Value Estimate $193.51 $509.20
Upside to Fair Value -9.2% +10.1%
Market Cap $135.1B $171.9B
Forward P/E 33.0x 25.1x
EV / EBITDA 23.9x 19.0x
Price / Sales 3.7x 3.8x
Price / FCF 32.4x 25.5x
Revenue Growth YoY -6.9% +6.2%
Gross Margin 36.9% 39.4%
Operating Margin 14.9% 17.8%
Return on Equity 23.6% 13.3%
Dividend Yield 0% 0%
FCF Yield 3.09% 3.92%
Analyst Consensus Buy Strong Buy
Investment Thesis
HON — Honeywell International Inc.
Honeywell International Inc. is a diversified industrial conglomerate operating across Aerospace Technologies, Building Automation, Process Automation and Technology, and Safety and Productivity Solutions. The company benefits from a strong leadership team with deep internal experience and a history of strategic acquisitions that have expanded its portfolio into high-growth areas such as aerospac…
TMO — Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. operates in the healthcare sector, specializing in medical diagnostics and research tools across four main segments: Laboratory Products and Biopharma Services, Life Sciences Solutions, Analytical Instruments, and Specialty Diagnostics. The company demonstrates medium business quality with steady revenue growth of 6.2% and earnings growth of 9.6% in the most recent q…
Accumulation Zones
Metric HON TMO
Zone Low $145.13 $381.90
Zone High $164.48 $432.82
In Buy Zone? No No
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