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

226.28 8.65 −3.68%
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) Return on equity

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Danaher Corporation's return on equity over the twelve months to 30 September 2026 was 8.27%, up 1.2 percentage points from fiscal 2025 (7.08%). Over the past ten years it has ranged from 7.08% (fiscal 2025) to 16.0% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Diagnostics & Research industry median of 0.00% and above the Healthcare sector median of −26.3%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 7.08% (0.49)
FY2024 7.57% (1.74)
FY2023 9.31% (6.42)
FY2022 15.7% (0.26)
FY2021 16.0% 5.22
FY2020 10.8% 0.44
FY2019 10.3% 0.62
FY2018 9.71% (0.37)
FY2017 10.1% (0.82)
FY2016 10.9% (3.32)

Against its own ten years

Low 7.08% High 16.0%
Ten-year median 10.3%
Current reading's percentile 9

Return on equity against peers

Company Return on equity
IDXX IDEXX Laboratories, Inc. compare 68.9%
ILMN Illumina, Inc. compare 32.4%
IQV IQVIA Holdings Inc. compare 21.3%
A Agilent Technologies, Inc. compare 21.0%
TMO Thermo Fisher Scientific Inc. compare 13.4%
DHR Danaher Corporation 8.27%
WAT Waters Corporation compare 0.00%
NTRA Natera, Inc. compare −10.6%
MTD Mettler-Toledo International, Inc. compare −736.4%
Diagnostics & Research industry median 0.00%
Healthcare sector median −26.3%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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