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Danaher Corporation

DHR Healthcare Diagnostics & Research

Danaher Corporation’s revenue for fiscal 2025 (year ended December 2025) was $24.6 billion, up 2.90% from fiscal 2024.

Revenue
+8.28%
EPS
+36.7%
Free cash flow
+19.1%
Total debt
+44.9%

Quarter to September 2026, against a year earlier

228.47 2.13 +0.94%
Market cap
$159.2B
P/E
37.0×
Fwd P/E
36.9×
Dividend yield
0.67%
F-score
6/9
Altman Z
4.52
Beneish M
−2.57
Dividend safety
69/100
Overview Business Profile Earnings & Analysis
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Danaher Corporation (DHR) Current ratio

Alert me on Current ratio

Danaher Corporation's current ratio at the end of the quarter to 30 September 2026 was 1.6×, down 0.2× from fiscal 2025 (1.9×). Over the past ten years it has ranged from 1.0× (fiscal 2016) to 5.2× (fiscal 2019); the current reading is higher than 82% of that period. That is below the Diagnostics & Research industry median of 2.3× and below the Healthcare sector median of 3.1×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.9× 34.14%
FY2024 1.4× (17.06%)
FY2023 1.7× (11.03%)
FY2022 1.9× 32.31%
FY2021 1.4× (23.25%)
FY2020 1.9× (64.07%)
FY2019 5.2× 254.20%
FY2018 1.5× 2.50%
FY2017 1.4× 47.42%
FY2016 1.0× (23.65%)

Quarterly newest first

Period Current ratio Change
Sep 2026 1.6× (1.04%)
Jun 2026 1.7× (11.62%)
Mar 2026 1.9× (0.32%)
Dec 2025 1.9× 23.37%
43 more quarters

Against its own ten years

Low 1.0× High 5.2×
Ten-year median 1.5×
Current reading's percentile 82

Current ratio against peers

Company Current ratio
NTRA Natera, Inc. compare 2.8×
ILMN Illumina, Inc. compare 2.6×
A Agilent Technologies, Inc. compare 2.1×
TMO Thermo Fisher Scientific Inc. compare 1.8×
DHR Danaher Corporation 1.6×
IDXX IDEXX Laboratories, Inc. compare 1.2×
MTD Mettler-Toledo International, Inc. compare 1.1×
IQV IQVIA Holdings Inc. compare 0.8×
WAT Waters Corporation compare 0.7×
Diagnostics & Research industry median 2.3×
Healthcare sector median 3.1×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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