Danaher DHR Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 58.9%-0.8pp | 59.1%-0.4pp | 59.5%+0.2pp | 59.7%+0.4pp | 59.7%+1.4pp | |
| Operating margin | 19.2%-1.0pp | 19.1%-1.3pp | 19%-1.1pp | 18.4%-2.8pp | 20.3%-0.8pp | |
| Net margin | 14.9%-0.9pp | 14.7%-1.6pp | 14.4%-2.0pp | 14.2%-3.6pp | 15.8%-2.7pp | |
| Returns | ||||||
| Return on equity | 7.1%-0.1pp | 7.1%-0.5pp | 6.8%-0.7pp | 6.7%-1.6pp | 7.2%-1.2pp | |
| Return on invested capital | 6%-0.1pp | 6%-0.2pp | 5.7%-0.6pp | 5.5%-1.1pp | 6.1%-0.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.9×+0.4× | 1.9×+0.5× | 1.5×+0.1× | 1.6×+0.2× | 1.4×-0.4× | |
| Leverage | ||||||
| Debt-to-equity | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 1.9×-0.2× | 2.1×0.0× | 2.4×+0.1× | 2.3×+0.1× | 2.2×+0.5× | |
| Per Share | ||||||
| Book value per share | $74.45+5.5% | $73.36+9.2% | $71.56+1.7% | $72.78+8.3% | $70.55-1.2% | |
| Valuation | ||||||
| Market capitalization | $134.18B-8.5% | $161.7B-2.5% | $141.96B-29.3% | $141.32B-23.6% | $146.67B-20.6% | |
| Price / earnings | 36.4×-2.6× | 44.7×+2.2× | 40.5×-11.1× | 41.4×-2.6× | 39×-3.0× | |
| Price / sales | 5.4×-0.7× | 6.6×-0.4× | 5.8×-2.6× | 5.9×-2.0× | 6.2×-1.6× | |
| Price / book | 2.5×-0.4× | 3.1×-0.3× | 2.8×-1.1× | 2.7×-1.0× | 2.9×-0.6× | |
| EV / EBITDA | 20.5×-2.1× | 24.8×-0.3× | 22.6×-8.1× | 23.1×-4.6× | 22.6×-4.7× | |
| Dividend yield | 0.7%+0.1pp | 0.5%+0.1pp | 0.6%+0.2pp | 0.6%+0.2pp | 0.5%+0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Danaher's profit margins?
- Danaher (DHR) runs a 58.9% gross margin and a 19.2% operating margin, with a 14.9% net margin.
- Where do Danaher's ratios come from?
- Every ratio is computed from Danaher's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
