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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/S ratio

Alert me on P/S ratio

As of 16 October 2026, Danaher Corporation (DHR) trades at a P/S ratio of 6.4×. Over the past ten years it has ranged from 2.0× (April 2015) to 8.8× (August 2024); the current reading is higher than 67% of that period. That is above the Diagnostics & Research industry median of 4.4× and above the Healthcare sector median of 3.4×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 6.6× (5.51%)
FY2024 7.0× (2.90%)
FY2023 7.2× 14.39%
FY2022 6.3× (24.70%)
FY2021 8.4× 34.66%
FY2020 6.2× 14.90%
FY2019 5.4× 44.58%
FY2018 3.8× 2.25%
FY2017 3.7× 28.50%
FY2016 2.9× (5.30%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 5.4× (1.22%)
Mar 2026 5.4× (18.43%)
Dec 2025 6.6× 14.38%
Sep 2025 5.8× (1.49%)
42 more quarters

Against its own ten years

Low 2.0× High 8.8×
Ten-year median 5.8×
Current reading's percentile 64

P/S ratio against peers

Company P/S ratio
IQV IQVIA Holdings Inc. compare 2.6×
TMO Thermo Fisher Scientific Inc. compare 5.5×
DHR Danaher Corporation 6.4×
A Agilent Technologies, Inc. compare 6.6×
MTD Mettler-Toledo International, Inc. compare 7.9×
ILMN Illumina, Inc. compare 8.8×
WAT Waters Corporation compare 9.2×
IDXX IDEXX Laboratories, Inc. compare 9.7×
NTRA Natera, Inc. compare 20.7×
Diagnostics & Research industry median 4.4×
Healthcare sector median 3.4×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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