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.

Danaher DHR Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	237.2%-0.8pp	238%-0.4pp	238.4%+0.2pp	238.3%+0.4pp	237.9%+1.4pp
Operating margin	75.7%-1.0pp	76.7%-1.3pp	78%-1.1pp	79.1%-2.8pp	82%-0.8pp
Net margin	58.2%-0.9pp	59.2%-1.6pp	60.8%-2.0pp	62.7%-3.6pp	66.4%-2.7pp
EBITDA margin	115.6%-0.9pp	116.5%-1.2pp	117.7%-0.9pp	118.6%-2.5pp	121%-0.2pp
Free cash flow margin	83.7%+0.8pp	82.9%-0.8pp	83.7%-0.3pp	84%-1.3pp	85.3%-2.8pp
Returns
Return on equity	27.7%-0.1pp	27.8%-0.5pp	28.3%-0.7pp	29%-1.6pp	30.6%-1.2pp
Return on assets	17.7%-0.1pp	17.7%-0.3pp	18.1%-0.3pp	18.3%-0.9pp	19.2%-0.6pp
Return on invested capital	23.3%-0.1pp	23.4%-0.2pp	23.6%-0.6pp	24.1%-1.1pp	25.2%-0.4pp
Efficiency
Asset turnover	1.2×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×	1.2×0.0×
Inventory turnover	15.4×+0.3×	15.2×+0.2×	14.9×+0.3×	14.6×+0.3×	14.3×+0.4×
Liquidity
Current ratio	6.9×+0.4×	6.4×+0.5×	6×+0.1×	5.8×+0.2×	5.6×-0.4×
Quick ratio	5.3×+0.5×	4.9×+0.5×	4.4×+0.1×	4.3×+0.2×	4.1×-0.5×
Cash ratio	2.1×+0.5×	1.7×+0.4×	1.3×-0.1×	1.4×+0.1×	1.3×-0.6×
Leverage
Debt-to-equity	1.5×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Debt-to-assets	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×
Net debt / EBITDA	8.7×-0.2×	8.9×0.0×	8.9×+0.1×	8.8×+0.1×	8.7×+0.5×
Interest coverage	68.5×+1.7×	66.8×+0.2×	66.6×+1.2×	65.4×-2.4×	67.8×-0.6×
Per Share
Book value per share	$292.15+1.4%	$288.24+2.2%	$282.08+0.4%	$280.86+2.0%	$275.29-0.3%
Valuation
Market capitalization	$579.17B-2.1%	$591.65B-0.7%	$595.75B-9.0%	$654.58B-6.3%	$698.32B-5.2%
Enterprise value	$640.48B-2.2%	$654.57B-0.6%	$658.63B-8.1%	$717.03B-5.8%	$761B-4.4%
Price / earnings	163×-2.6×	165.6×+2.2×	163.4×-11.1×	174.5×-2.6×	177.1×-3.0×
Price / sales	23.7×-0.7×	24.5×-0.4×	24.8×-2.6×	27.4×-2.0×	29.4×-1.6×
Price / book	11.1×-0.4×	11.4×-0.3×	11.7×-1.1×	12.8×-1.0×	13.9×-0.6×
EV / EBITDA	90.8×-2.1×	93×-0.3×	93.3×-8.1×	101.3×-4.6×	105.9×-4.7×
EV / sales	26.2×-0.8×	27.1×-0.4×	27.5×-2.6×	30.1×-2.0×	32.1×-1.5×
Free cash flow yield	14.2%+0.6pp	13.6%+0.1pp	13.5%+1.1pp	12.5%+0.7pp	11.8%+0.3pp
Earnings yield	9.9%+0.2pp	9.7%-0.1pp	9.8%+0.5pp	9.3%+0.1pp	9.1%+0.2pp
Dividend yield	2.4%+0.1pp	2.3%+0.1pp	2.2%+0.2pp	2%+0.2pp	1.8%+0.1pp

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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.