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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. In the quarter to June 2026, revenue grew 5.54%, EPS grew 59.7%, free cash flow grew 15.6% and total debt rose 49.2%, each against the same quarter a year earlier. Member of the S&P 500.

228.97 2.53 −1.09%
Market cap
$162.7B
P/E
40.5×
Fwd P/E
29.2×
Dividend yield
0.66%
F-score
6/9
Altman Z
4.52
Beneish M
−2.57
Dividend safety
69/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Danaher Corporation (DHR) P/E ratio

Alert me on P/E ratio

As of 16 October 2026, Danaher Corporation (DHR) trades at a P/E ratio of 40.5×. Over the past ten years it has ranged from 11.6× (February 2016) to 52.6× (September 2024); the current reading is higher than 86% of that period. That is above the Diagnostics & Research industry median of 35.6× and above the Healthcare sector median of 23.0×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 45.2× 4.84%
FY2024 43.1× 18.31%
FY2023 36.4× 53.27%
FY2022 23.7× (28.59%)
FY2021 33.3× (16.06%)
FY2020 39.6× 19.40%
FY2019 33.2× 37.21%
FY2018 24.2× 5.65%
FY2017 22.9× 21.27%
FY2016 18.9× 46.03%

Quarterly newest first

Period P/E ratio Change
Jun 2026 33.7× (7.72%)
Mar 2026 36.5× (19.09%)
Dec 2025 45.2× 11.14%
Sep 2025 40.6× (2.72%)
42 more quarters

Against its own ten years

Low 11.6× High 52.6×
Ten-year median 28.6×
Current reading's percentile 85

P/E ratio against peers

Company P/E ratio
NTRA Natera, Inc. compare n/m
IQV IQVIA Holdings Inc. compare 32.8×
A Agilent Technologies, Inc. compare 34.0×
MTD Mettler-Toledo International, Inc. compare 36.4×
TMO Thermo Fisher Scientific Inc. compare 37.1×
IDXX IDEXX Laboratories, Inc. compare 39.1×
DHR Danaher Corporation 40.5×
ILMN Illumina, Inc. compare 48.4×
WAT Waters Corporation compare 109×
Diagnostics & Research industry median 35.6×
Healthcare sector median 23.0×
Market median 18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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