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

Danaher Corporation (DHR) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Danaher Corporation (DHR) trades at a EV/Sales of 6.9×. Over the past ten years it has ranged from 2.0× (September 2015) to 9.4× (August 2024); the current reading is higher than 66% of that period. That is above the Diagnostics & Research industry median of 5.2× and above the Healthcare sector median of 3.5×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 7.2× (5.11%)
FY2024 7.6× (1.32%)
FY2023 7.7× 13.25%
FY2022 6.8× (25.83%)
FY2021 9.2× 32.82%
FY2020 6.9× 25.40%
FY2019 5.5× 28.98%
FY2018 4.3× (0.49%)
FY2017 4.3× 27.36%
FY2016 3.4× (11.44%)

Quarterly newest first

Period EV/Sales Change
Sep 2026 6.8× 10.36%
Jun 2026 6.2× 4.81%
Mar 2026 5.9× (18.15%)
Dec 2025 7.2× 11.90%
43 more quarters

Against its own ten years

Low 2.0× High 9.4×
Ten-year median 6.4×
Current reading's percentile 63

EV/Sales against peers

Company EV/Sales
IQV IQVIA Holdings Inc. compare 3.3×
TMO Thermo Fisher Scientific Inc. compare 6.0×
A Agilent Technologies, Inc. compare 6.8×
DHR Danaher Corporation 6.9×
ILMN Illumina, Inc. compare 7.2×
MTD Mettler-Toledo International, Inc. compare 8.7×
WAT Waters Corporation compare 8.7×
IDXX IDEXX Laboratories, Inc. compare 11.3×
NTRA Natera, Inc. compare 17.9×
Diagnostics & Research industry median 5.2×
Healthcare sector median 3.5×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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