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DHR (Danaher Corporation) Stock Financials & Earnings | Market Cap Arena
DHR
Danaher Corporation
Mkt Cap
$139B
Healthcare
·
Medical - Diagnostics & Research
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$24.6B
Net Income (TTM)
$3.6B
EPS (TTM)
$5.04
Free Cash Flow (TTM)
$5.3B
Gross Margin
60.9%
Op. Margin
20.9%
Net Margin
14.7%
FCF Margin
21.4%
P/S Ratio (TTM)
5.7x
P/E Ratio (TTM)
38.5x
YoY Rev Growth
+2.9%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$5.9B
$3.7B
$1.5B
Q2 23
$7.2B
$4.0B
$1.4B
Q3 23
$5.6B
$3.3B
$1.2B
Q4 23
$6.4B
$3.8B
$1.4B
Q1 24
$5.8B
$3.5B
$1.3B
Q2 24
$5.7B
$3.4B
$1.2B
Q3 24
$5.8B
$3.4B
$958M
Q4 24
$6.5B
$3.9B
$1.7B
Q1 25
$5.7B
$3.5B
$1.3B
Q2 25
$5.9B
$4.0B
$1.2B
Q3 25
$6.1B
$3.5B
$1.2B
Q4 25
$6.8B
$4.0B
$1.5B
marketcaparena.com
Revenue Breakdown
DHR
Danaher Corporation
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
4.9x
20.1x
Q2 23
5.0x
21.9x
Q3 23
5.4x
23.5x
Q4 23
5.5x
29.2x
Q1 24
5.6x
31.6x
Q2 24
5.9x
33.1x
Q3 24
5.9x
35.8x
Q4 24
5.8x
35.7x
Q1 25
5.8x
37.0x
Q2 25
5.8x
40.8x
Q3 25
5.7x
39.8x
Q4 25
5.7x
38.5x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$1.9B
$1.7B
Q2 23
$1.9B
$1.6B
Q3 23
$1.7B
$1.3B
Q4 23
$1.6B
$1.2B
Q1 24
$1.7B
$1.4B
Q2 24
$1.4B
$1.1B
Q3 24
$1.5B
$1.2B
Q4 24
$2.0B
$1.5B
Q1 25
$1.3B
$1.1B
Q2 25
$1.3B
$1.1B
Q3 25
$1.7B
$1.4B
Q4 25
$2.1B
$1.7B
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$275M
Q2 23
$341M
Q3 23
$365M
Q4 23
$402M
Q1 24
$291M
Q2 24
$287M
Q3 24
$298M
Q4 24
$516M
Q1 25
$245M
Q2 25
$248M
Q3 25
$292M
Q4 25
$371M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-22.6%
-19.7%
Q2 23
-7.7%
+3.3%
Q3 23
-26.6%
-21.4%
Q4 23
-10.2%
-2.8%
Q1 24
-2.6%
+1.2%
Q2 24
-19.8%
-20.1%
Q3 24
+3.1%
+9.0%
Q4 24
+2.1%
-4.0%
Q1 25
-0.9%
-0.7%
Q2 25
+3.4%
+3.7%
Q3 25
+4.4%
+1.2%
Q4 25
+4.6%
+11.4%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$70M
1.2%
Q2 23
$96M
1.3%
Q3 23
$79M
1.4%
Q4 23
$26M
0.4%
Q1 24
$60M
1.0%
Q2 24
$87M
1.5%
Q3 24
$84M
1.4%
Q4 24
$57M
0.9%
Q1 25
$61M
1.1%
Q2 25
$91M
1.5%
Q3 25
$83M
1.4%
Q4 25
$146M
2.1%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q1 23
$373M
$1.8B
Q2 23
$418M
$2.2B
Q3 23
$362M
$1.7B
Q4 23
$407M
$2.0B
Q1 24
$368M
$1.8B
Q2 24
$391M
$1.9B
Q3 24
$383M
$2.1B
Q4 24
$442M
$1.7B
Q1 25
$379M
$1.9B
Q2 25
$403M
$2.4B
Q3 25
$378M
$2.0B
Q4 25
$438M
$2.0B
marketcaparena.com
Revenue Segments
Revenue from Contract with Customer, Measurement, Nonrecurring
Revenue from Contract with Customer, Measurement, Recurring
Quarter
Revenue from Contract with Customer, Measurement, Nonrecurring
Revenue from Contract with Customer, Measurement, Recurring
Q2 23
$1.8B
$5.3B
Q1 24
$1.0B
$4.8B
Q2 24
$1.1B
$4.7B
Q3 24
$1.0B
$4.8B
Q4 24
$1.4B
$5.1B
Q1 25
$925M
$4.8B
Q2 25
$966M
$5.0B
Q3 25
$1.0B
$5.0B
Q4 25
$1.5B
$5.3B
marketcaparena.com
Revenue by Geography
High-growth markets
North America
Other developed markets
Western Europe
Quarter
High-growth markets
North America
Other developed markets
Western Europe
Q2 23
$2.2B
$2.9B
$327M
$1.7B
Q1 24
$1.5B
$2.6B
$303M
$1.3B
Q2 24
$1.7B
$2.4B
$292M
$1.3B
Q3 24
$1.7B
$2.5B
$299M
$1.3B
Q1 25
$1.5B
$2.6B
$278M
$1.3B
Q2 25
$1.7B
$2.4B
$294M
$1.5B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$7.4B
$0
$7.4B
Q2 23
$8.6B
$0
$8.6B
Q3 23
$12.3B
$0
$12.3B
Q4 23
$5.9B
$0
$5.9B
Q1 24
$7.0B
$0
$7.0B
Q2 24
$2.4B
$0
$2.4B
Q3 24
$2.6B
$0
$2.6B
Q4 24
$2.1B
$0
$2.1B
Q1 25
$2.0B
$0
$2.0B
Q2 25
$3.0B
$0
$3.0B
Q3 25
$1.5B
$0
$1.5B
Q4 25
$4.6B
$0
$4.6B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
737M
-1.1%
Q2 23
745M
+1.0%
Q3 23
746M
+0.2%
Q4 23
746M
+0.0%
Q1 24
749M
+0.3%
Q2 24
742M
-0.8%
Q3 24
729M
-1.8%
Q4 24
737M
+1.1%
Q1 25
721M
-2.2%
Q2 25
719M
-0.2%
Q3 25
714M
-0.8%
Q4 25
711M
-0.4%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$280K
71K
FY 15
$178K
81K
FY 16
$272K
62K
FY 17
$274K
67K
FY 18
$240K
71K
FY 19
$299K
60K
FY 20
$323K
69K
FY 21
$368K
80K
FY 22
$329K
81K
FY 23
$379K
63K
FY 24
$379K
63K
FY 25
$409K
60K
marketcaparena.com