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%-0.6pp	238%+1.5pp	238.4%+2.7pp	238.3%+3.0pp	237.9%+4.6pp
Operating margin	75.7%-6.3pp	76.7%-6.0pp	78%-6.1pp	79.1%-8.7pp	82%-9.8pp
Net margin	58.2%-8.1pp	59.2%-9.9pp	60.8%-11.9pp	62.7%-17.5pp	66.4%-21.0pp
EBITDA margin	115.6%-5.4pp	116.5%-4.8pp	117.7%-4.2pp	118.6%-5.7pp	121%-5.8pp
Free cash flow margin	83.7%-1.6pp	82.9%-5.2pp	83.7%-6.4pp	84%-12.9pp	85.3%-18.6pp
Returns
Return on equity	27.7%-2.9pp	27.8%-3.9pp	28.3%-5.1pp	29%-8.8pp	30.6%-11.8pp
Return on assets	17.7%-1.6pp	17.7%-2.1pp	18.1%-2.6pp	18.3%-4.7pp	19.2%-6.2pp
Return on invested capital	23.3%-1.9pp	23.4%-2.2pp	23.6%-2.4pp	24.1%-4.9pp	25.2%-7.2pp
Efficiency
Asset turnover	1.2×+0.1×	1.2×+0.1×	1.2×+0.1×	1.2×0.0×	1.2×0.0×
Inventory turnover	15.4×+1.1×	15.2×+1.3×	14.9×+1.3×	14.6×+1.7×	14.3×+1.7×
Liquidity
Current ratio	6.9×+1.2×	6.4×+0.4×	6×-0.4×	5.8×-1.4×	5.6×-2.2×
Quick ratio	5.3×+1.2×	4.9×+0.3×	4.4×-0.5×	4.3×-1.5×	4.1×-2.4×
Cash ratio	2.1×+0.8×	1.7×-0.3×	1.3×-1.0×	1.4×-1.9×	1.3×-2.6×
Leverage
Debt-to-equity	1.5×0.0×	1.4×0.0×	1.4×-0.1×	1.4×-0.1×	1.4×-0.1×
Debt-to-assets	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×-0.1×	0.9×-0.1×
Net debt / EBITDA	8.7×0.0×	8.9×+0.7×	8.9×+0.9×	8.8×+1.7×	8.7×+2.3×
Interest coverage	68.5×+0.7×	66.8×-1.6×	66.6×-2.5×	65.4×-10.6×	67.8×-18.5×
Per Share
Book value per share	$292.15+6.1%	$288.24+4.4%	$282.08+0.4%	$280.860.0%	$275.29-2.7%
Valuation
Market capitalization	$579.17B-17.1%	$591.65B-19.7%	$595.75B-19.7%	$654.58B-9.6%	$698.32B-2.5%
Enterprise value	$640.48B-15.8%	$654.57B-17.7%	$658.63B-17.6%	$717.03B-7.7%	$761B-0.5%
Price / earnings	163×-14.1×	165.6×-14.5×	163.4×-10.1×	174.5×+21.5×	177.1×+40.2×
Price / sales	23.7×-5.7×	24.5×-6.6×	24.8×-6.4×	27.4×-2.8×	29.4×+0.1×
Price / book	11.1×-2.8×	11.4×-3.0×	11.7×-2.6×	12.8×-1.0×	13.9×+0.3×
EV / EBITDA	90.8×-15.1×	93×-17.7×	93.3×-17.4×	101.3×-3.1×	105.9×+6.8×
EV / sales	26.2×-5.8×	27.1×-6.5×	27.5×-6.2×	30.1×-2.4×	32.1×+0.7×
Free cash flow yield	14.2%+2.4pp	13.6%+2.1pp	13.5%+1.9pp	12.5%-0.4pp	11.8%-2.5pp
Earnings yield	9.9%+0.7pp	9.7%+0.7pp	9.8%+0.4pp	9.3%-1.4pp	9.1%-2.8pp
Dividend yield	2.4%+0.6pp	2.3%+0.6pp	2.2%+0.5pp	2%+0.2pp	1.8%0.0pp

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.