DANAHER CORP /DE/ (DHR)
As-reported financials and recent SEC filings for DANAHER CORP /DE/, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
About DANAHER CORP /DE/
Danaher Corp is a global science and technology company operating through more than 15 businesses in biotechnology, life sciences, and diagnostics. It provides equipment, consumables, software, and services that support the research, development, and manufacture of biological medicines, as well as tools for studying DNA, RNA, proteins, and cells. Danaher's customers include pharmaceutical and biopharmaceutical companies, research institutions, biotechnology firms, and healthcare providers.
Snapshot
Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).
What changed at Danaher Corp /de/
- Revenue grew 2.9% to $24.6B in FY2025, after a 0.1% decline the year before.
- Operating margin is 19.1% in FY2025, -6.6 pp against 25.7% in FY2021.
- Most recent quarter Q2 FY2026: revenue $6.3B, up 5.5% from Q2 FY2025.
- Free cash flow was $5.3B in FY2025, 21.4% of revenue.
- Net income fell 7.3% to $3.6B in FY2025.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Danaher Corp /de/’s fundamentals sit among the 558 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
Danaher Corp /de/’s FCF margin of 21.4% ranks in the 88th percentile of the 371 Healthcare companies reporting it. Danaher Corp /de/’s operating margin of 19.1% ranks in the 86th percentile of the 397 Healthcare companies reporting it.
No open-market insider buys in the last 90 days; 1 insider sale totaling $237,207. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 7 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| AQR Capital Managementquant | Q1 2026 | $653.6M | 3.5M | Added |
| Two Sigma Investmentsquant | Q1 2026 | $352.4M | 1.9M | Added |
| D. E. Shawquant | Q1 2026 | $270.8M | 1.4M | Added |
| Citadel Advisorsquant | Q1 2026 | $194.6M | 1.0M | Reduced |
| Maverick Capital | Q1 2026 | $155.4M | 819.7K | New |
| Renaissance Technologiesquant | Q1 2026 | $128.7M | 678.8K | New |
| Third Point | Q1 2026 | $99.5M | 525.0K | Reduced |
| Gates Foundation Trust | Q1 2026 | $70.7M | 373.0K | Held |
| Millennium Managementquant | Q1 2026 | $34.7M | 182.8K | Reduced |
| Gotham Asset Management | Q1 2026 | $9.7M | 51.3K | Reduced |
| Bridgewater Associates | Q1 2026 | $4.8M | 25.3K | Reduced |
| Dodge & Cox | Q1 2026 | $3.1M | 16.4K | Held |
| Harris Associates (Oakmark) | Q1 2026 | $348,485 | 1.8K | Reduced |
No longer held by: Akre Capital Management (as of Q1 2026), Point72 Asset Management (as of Q1 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Recent insider activity
Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.
| Trade date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
2026-05-01 filed 2026-05-04 | SPOON ALAN GDirector | Sell | 1.4K | $174.67 | $237K |
Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-07-15 | 10.1M | -7.0% | 2.73 |
| 2026-06-30 | 10.9M | -5.5% | 2.39 |
| 2026-06-15 | 11.5M | +23.7% | 2.91 |
| 2026-05-29 | 9.3M | +10.6% | 2.02 |
| 2026-05-15 | 8.4M | -2.2% | 1.65 |
| 2026-04-30 | 8.6M | +5.0% | 1.45 |
| 2026-04-15 | 8.2M | +17.8% | 2.55 |
| 2026-03-31 | 6.9M | +25.0% | 1.60 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $24.57B | $23.88B | $23.89B | $26.64B | $24.80B |
| Gross profit | $14.52B | $14.21B | $14.03B | $16.19B | $15.24B |
| Operating income | $4.69B | $4.86B | $5.20B | $7.54B | $6.38B |
| Net income | $3.61B | $3.90B | $4.76B | $7.21B | $6.43B |
| Diluted EPS | $5.05 | $5.29 | $6.38 | $9.66 | $8.61 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $4.62B | $2.08B | $5.86B | $6.00B | $2.59B |
| Current assets | $12.76B | $9.50B | $13.94B | $15.88B | $11.65B |
| Total assets | $83.46B | $77.54B | $84.49B | $84.35B | $83.18B |
| Current liabilities | $6.81B | $6.80B | $8.27B | $8.39B | $8.14B |
| Long-term debt | $18.42B | $15.50B | $16.71B | $19.09B | $22.17B |
| Total liabilities | $30.92B | $27.99B | $31.00B | $34.26B | $38.01B |
| Total equity | $52.54B | $49.55B | $53.49B | $50.09B | $45.18B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $6.42B | $6.69B | $7.16B | $8.52B | $8.36B |
| Capital expenditure | $1.16B | $1.39B | $1.38B | $1.12B | $1.24B |
| Free cash flow | $5.26B | $5.30B | $5.78B | $7.40B | $7.12B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2026 | $6.26B | 5.5% | $870.0M | $1.23 |
| Q1 FY2026 | $5.95B | 3.7% | $1.03B | $1.45 |
| Q4 FY2025 | $6.84B | 4.6% | $1.20B | $1.68 |
| Q3 FY2025 | $6.05B | 4.4% | $908.0M | $1.27 |
| Q2 FY2025 | $5.94B | 3.4% | $555.0M | $0.77 |
| Q1 FY2025 | $5.74B | -0.9% | $954.0M | $1.32 |
| Q4 FY2024 | $6.54B | 2.1% | $1.09B | $1.49 |
| Q3 FY2024 | $5.80B | 3.1% | $818.0M | $1.12 |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Recent SEC filings
Largest Healthcare peers
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.