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Danaher

DHR

Danaher is a global science and technology innovator that designs, manufactures, and markets professional, medical, industrial, and commercial products and services.

Market cap
$135.02B-7.2%
Revenue$24.8B+4.0%
Net income$3.7B-2.0%
Free cash flow$5.3B+7.9%
EPS (diluted)$5.17+0.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 21, 2026 (In 1 week)
Revenue estimate$6.1B
EPS estimate$1.83

Financials

Q1 2026

Income statement

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Revenue$6.0B+3.7%
Gross profit$3.6B+2.3%
Operating income$1.3B+5.5%
Net income$1.0B+7.9%
EPS (diluted)$1.45+9.8%

Balance sheet

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Cash & equivalents$5.7B+186%
Total debt$19.7B+12.0%
Total equity$52.9B+4.1%
Total assets$83.5B+5.6%

Cash flow

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Operating cash flow$1.3B+1.8%
CapEx$237.0M-3.3%
Free cash flow$1.1B+2.9%

Valuation & ratios

Valuation

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Market cap$137.44B-7.2%
Enterprise value$151.42B-7.5%
P/E37.3×-6.1×
P/S5.6×-0.6×

Profitability

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Gross margin58.9%-0.8pp
Operating margin19.2%-1.0pp
Net margin14.9%-0.9pp
FCF margin21.4%+0.8pp

Returns & leverage

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Return on equity7.1%-0.1pp
Debt / equity0.4×0.0×
Current ratio1.9×+0.4×

Segments

By geography

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North America$2.5B-4.0%
High-growth markets$1.6B+5.7%
Western Europe$1.6B+16.4%
Other developed markets$284.0M+2.2%

By product

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Recurring revenue$5.0B+4.5%
Nonrecurring revenue$920.0M-0.5%

By segment

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Biotechnology$1.8B+11.5%

Competitors

Profile

Danaher is a global science and technology innovator that designs, manufactures, and markets professional, medical, industrial, and commercial products and services. The company operates through a decentralized model of over 15 operating companies, unified by the Danaher Business System (DBS) to drive continuous improvement in biotechnology, life sciences, and diagnostics. Its value proposition centers on accelerating the power of science to improve human health through a high level of recurring revenue from consumables and services.

Competitive position

Danaher holds leadership positions across its three core segments, leveraging its proprietary Danaher Business System (DBS) to maintain high margins and operational efficiency.

GeographiesNorth America, Europe, Asia, High-growth markets
Customer segmentsHealthcare providers, Academic and research institutions, Pharmaceutical and biotech companies
Business modelRazor-and-blade, Direct sales, Manufacturing, Recurring revenue
SuppliersMetallic-based components, Electronic components, Chemical raw materials, Plastics and petroleum-based products, OEM product suppliers
CustomersHospitals and clinical laboratories, Biopharmaceutical manufacturers, Academic research universities, Governmental healthcare entities
Listed1978
Employees63.0K
CEORainer Blair
FilingsSEC EDGAR

Questions, answered.

What is Danaher's market cap?
Danaher (DHR) has a market capitalization of $135.02B and trades on NYSE.
What is Danaher's revenue and profitability?
Danaher generated $24.8B in trailing twelve-month revenue with net income of $3.7B, representing a net margin of 14.9%. Gross margin stands at 58.9%, with free cash flow of $5.3B. These figures are based on the Q1 2026 filing.
Who are Danaher's competitors?
Danaher's key competitors include Agilent Technologies, Thermo Fisher Scientific, Revvity, Inc., and others. These companies compete in similar markets and product categories.
Who does Danaher partner with?
Danaher's notable partners include U.S. Food and Drug Administration.
What subsidiaries does Danaher have?
Danaher's subsidiaries include Cytiva, Pall Corporation, Beckman Coulter, and others.
Where is Danaher headquartered?
Danaher is headquartered in United States of America and employs approximately 63,000 people. It has been publicly traded since 1978.