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

	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
EBITDA margin	29.2%-0.9pp	29.1%-1.2pp	29%-0.9pp	28.3%-2.5pp	30.2%-0.2pp
Free cash flow margin	21.4%+0.8pp	21.4%-0.8pp	20.7%-0.3pp	20.2%-1.3pp	20.6%-2.8pp
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 assets	4.5%-0.1pp	4.5%-0.3pp	4.4%-0.3pp	4.3%-0.9pp	4.6%-0.6pp
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×
Inventory turnover	4×+0.3×	4.2×+0.2×	3.7×+0.3×	3.6×+0.3×	3.7×+0.4×
Liquidity
Current ratio	1.9×+0.4×	1.9×+0.5×	1.5×+0.1×	1.6×+0.2×	1.4×-0.4×
Quick ratio	1.5×+0.5×	1.5×+0.5×	1.1×+0.1×	1.2×+0.2×	1.1×-0.5×
Cash ratio	0.8×+0.5×	0.7×+0.4×	0.2×-0.1×	0.4×+0.1×	0.3×-0.6×
Leverage
Debt-to-equity	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.3×0.0×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Net debt / EBITDA	1.9×-0.2×	2.1×0.0×	2.4×+0.1×	2.3×+0.1×	2.2×+0.5×
Interest coverage	18.6×+1.7×	17.7×+0.2×	17×+1.2×	15.2×-2.4×	16.9×-0.6×
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%
Enterprise value	$148.16B-8.7%	$176.8B-2.2%	$158.59B-26.9%	$156.92B-21.9%	$162.25B-17.6%
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×
EV / sales	6×-0.8×	7.2×-0.4×	6.5×-2.6×	6.5×-2.0×	6.8×-1.5×
Free cash flow yield	3.9%+0.6pp	3.3%+0.1pp	3.5%+1.1pp	3.4%+0.7pp	3.3%+0.3pp
Earnings yield	2.7%+0.2pp	2.2%-0.1pp	2.5%+0.5pp	2.4%+0.1pp	2.6%+0.2pp
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 →

Ask your AI about Danaher.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.