Agilent Technologies, Inc. (A) vs Danaher Corporation (DHR)

Agilent Technologies, Inc. and Danaher Corporation are both Diagnostics & Research companies. Danaher Corporation is the larger, with a market value of $162.7B against $49.5B — 3.3× the size. Agilent Technologies, Inc. trades at the lower P/E: 34.0× against 40.5×. Agilent Technologies, Inc. grew revenue faster over the last twelve months: 8.60% against 4.56%. Agilent Technologies, Inc. has the higher net margin (19.5% vs 16.0%) and the higher return on invested capital (11.1% vs 4.37%). Both pay a dividend; Danaher Corporation yields more (0.66% vs 0.59%). Across the 23 metrics below, Agilent Technologies, Inc. leads on 14 and Danaher Corporation on 9.

Valuation

Metric A DHR Diagnostics & Research median
P/E 33.98 40.53 35.56
P/S 6.62 6.43 4.37
P/B 6.62 3.07 3.06
Price to free cash flow 38.44 29.42 35.76
EV/EBITDA 26.52 23.66 24.35
EV/Sales 6.87 7.26 5.51
Earnings yield 2.94% 2.47% (1.89%)
Free cash flow yield 2.60% 3.40% (0.15%)

Profitability

Metric A DHR Diagnostics & Research median
Gross margin 53.83% 58.51% 50.89%
Operating margin 22.23% 20.42% (8.57%)
Net margin 19.53% 15.95% (6.37%)
Free cash flow margin 17.19% 21.86% 0.00%
Return on equity 20.97% 7.63% (2.92%)
Return on assets 11.00% 4.60% (6.71%)
Return on invested capital 11.07% 4.37% 0.00%

Growth

Metric A DHR Diagnostics & Research median
Revenue growth (TTM) 8.60% 4.56% 7.69%
EPS growth (last fiscal year) 3.16% (4.54%) 25.92%
Revenue growth, 5-year CAGR 5.41% 1.97% 7.40%
Net income growth, 5-year CAGR 12.63% 0.59% 0.00%

Health

Metric A DHR Diagnostics & Research median
Debt to equity 0.50 0.48 0.11
Current ratio 2.05 1.65 2.02
Net debt to EBITDA 0.71 1.93 0.70

Dividend

Metric A DHR Diagnostics & Research median
Dividend yield 0.59% 0.66% 0.66%
Payout ratio 0.20 0.27 0.20

Size

Metric A DHR Diagnostics & Research median
Market cap 49.49b 162.74b 2.16b

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