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) Operating margin
Danaher Corporation's operating margin over the twelve months to 30 September 2026 was 20.4%, up 1.3 percentage points from fiscal 2025 (19.1%). Over the past ten years it has ranged from 15.0% (fiscal 2015) to 28.3% (fiscal 2022); the current reading is higher than 64% of that period. That is above the Diagnostics & Research industry median of −5.68% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 19.1% | (1.28) |
| FY2024 | 20.4% | (1.40) |
| FY2023 | 21.8% | (6.52) |
| FY2022 | 28.3% | 2.58 |
| FY2021 | 25.7% | 6.72 |
| FY2020 | 19.0% | 0.74 |
| FY2019 | 18.3% | 0.33 |
| FY2018 | 17.9% | 1.34 |
| FY2017 | 16.6% | 0.38 |
| FY2016 | 16.2% | 1.22 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 19.0% | 1.01 |
| Jun 2026 | 18.0% | (4.59) |
| Mar 2026 | 22.6% | 0.61 |
| Dec 2025 | 22.0% | 2.91 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| IDXX IDEXX Laboratories, Inc. compare | 32.3% |
| MTD Mettler-Toledo International, Inc. compare | 28.4% |
| A Agilent Technologies, Inc. compare | 22.2% |
| ILMN Illumina, Inc. compare | 21.2% |
| DHR Danaher Corporation | 20.4% |
| TMO Thermo Fisher Scientific Inc. compare | 17.9% |
| IQV IQVIA Holdings Inc. compare | 12.8% |
| WAT Waters Corporation compare | 4.73% |
| NTRA Natera, Inc. compare | −8.95% |
| Diagnostics & Research industry median | −5.68% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on DHR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net 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