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Danaher DHR Operating margin

Operating margin at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
10.4%+0.1pp
Bio-Rad Laboratories logo
Bio-Rad LaboratoriesBIO
8.8%-3.1pp
GLW
CorningGLW
15.3%+3.3pp
Donaldson Company logo
Donaldson CompanyDCI
15.1%+1.7pp
Dover logo
DoverDOV
16.9%+0.5pp
Revvity logo
RevvityRVTY
12.4%-1.1pp

Other financials

Income statement

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Revenue$6.3B+5.5%
Gross profit$3.6B+2.5%
Operating income$1.1B+48.3%
Net income$870.0M+56.8%
EPS (diluted)$1.23+59.7%

Balance sheet

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Cash & equivalents$4.3B+47.0%
Total debt$27.9B+50.1%
Total equity$52.6B+0.5%
Total assets$92.4B+13.2%

Cash flow

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Operating cash flow$1.5B+14.6%
CapEx$269.0M+8.5%
Free cash flow$1.3B+16.1%

Valuation

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Market cap$137.07B-3.1%
Enterprise value$160.58B+2.3%
P/E34.2×-7.2×
P/S5.5×-0.4×

Profitability

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Gross margin58.5%-1.1pp
Net margin15.9%+1.7pp
FCF margin21.8%+1.5pp

Returns & leverage

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Return on equity7.6%+1.0pp
Debt / equity0.5×+0.2×
Current ratio1.7×0.0×

Where this comes from

Calculated from Danaher’s reported figures.

Based on trailing twelve months.

The source filing: Danaher’s 10-Q, filed July 21, 2026. Open the filing →

Filed
Jul 20, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000313616-26-000161

FAQ

What is Danaher's operating margin?
Danaher (DHR) reported operating margin of 20.4% in Q2 2026.
How has Danaher's operating margin changed year-over-year?
Danaher's operating margin increased by 11.0% year-over-year, from 18.4% to 20.4%.
What is the long-term trend for Danaher's operating margin?
Over 5 years (2020 to 2025), Danaher's operating margin has grown at a 0.1% compound annual growth rate (CAGR), from 19% to 19.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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