Thermo Fisher Scientific (NYSE:TMO) has outperformed the market over the past 20 years by 8.93% on an annualized basis producing an average annual return of 17.23%. Currently, Thermo Fisher Scientific has a market capitalization of $232.09 billion.
Buying $100 In TMO: If an investor had bought $100 of TMO stock 20 years ago, it would be worth $2,362.14 today based on a price of $608.01 for TMO at the time of writing.
Thermo Fisher Scientific's Performance Over Last 20 Years
![1722007820_0.png](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240726/45562843-0-7d3a3b59750f18da555d3b280fc88ed7.png/big)
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.