stockrowDanaher 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
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Danaher Corporation (DHR) Net margin
Danaher Corporation's net margin over the twelve months to 30 September 2026 was 16.9%, up 2.2 percentage points from fiscal 2025 (14.7%). Over the past ten years it has ranged from 14.7% (fiscal 2025) to 26.7% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Diagnostics & Research industry median of −4.10% and above the Healthcare sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 14.7% | (1.62) |
| FY2024 | 16.3% | (3.52) |
| FY2023 | 19.9% | (6.81) |
| FY2022 | 26.7% | 1.38 |
| FY2021 | 25.3% | 9.53 |
| FY2020 | 15.8% | (0.66) |
| FY2019 | 16.4% | 0.86 |
| FY2018 | 15.6% | (0.51) |
| FY2017 | 16.1% | 0.93 |
| FY2016 | 15.1% | (8.13) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 18.8% | 4.95 |
| Jun 2026 | 13.9% | (3.40) |
| Mar 2026 | 17.3% | (0.22) |
| Dec 2025 | 17.5% | 2.51 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| IDXX IDEXX Laboratories, Inc. compare | 25.4% |
| MTD Mettler-Toledo International, Inc. compare | 21.9% |
| ILMN Illumina, Inc. compare | 19.7% |
| A Agilent Technologies, Inc. compare | 19.5% |
| DHR Danaher Corporation | 16.9% |
| TMO Thermo Fisher Scientific Inc. compare | 14.9% |
| IQV IQVIA Holdings Inc. compare | 8.05% |
| WAT Waters Corporation compare | 1.76% |
| NTRA Natera, Inc. compare | −5.66% |
| Diagnostics & Research industry median | −4.10% |
| Healthcare sector median | 0.00% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on DHR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement