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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

Revenue
$24.57B
Revenue growth (YoY)
2.9%
Net income
$3.61B
Diluted EPS
$5.05
Gross margin
59.1%
Operating margin
19.1%
Net margin
14.7%
FCF margin
21.4%
ROE
6.9%
P/E (TTM)
35.0×
Market cap
$138.14B
Debt / equity
0.4×

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).

Gross margin59.1%
50th percentile of 280
Operating margin19.1%
86th percentile of 397
Net margin14.7%
82nd percentile of 416
FCF margin21.4%
88th percentile of 371
Revenue growth (YoY)+2.9%
34th percentile of 538
ROE6.9%
69th percentile of 474
P/E (TTM)35.0×
70th percentile of 203
Debt / equity0.35×
41st percentile of 243
Short interest2.73d
22nd percentile of 557

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).

Conviction investors
7
+6 quant / multi-strat
Initiated / added
5
2 new, 3 added
Reduced / exited
8
6 trimmed, 2 exited
Combined position
$1.98B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$653.6M3.5MAdded
Two Sigma InvestmentsquantQ1 2026$352.4M1.9MAdded
D. E. ShawquantQ1 2026$270.8M1.4MAdded
Citadel AdvisorsquantQ1 2026$194.6M1.0MReduced
Maverick CapitalQ1 2026$155.4M819.7KNew
Renaissance TechnologiesquantQ1 2026$128.7M678.8KNew
Third PointQ1 2026$99.5M525.0KReduced
Gates Foundation TrustQ1 2026$70.7M373.0KHeld
Millennium ManagementquantQ1 2026$34.7M182.8KReduced
Gotham Asset ManagementQ1 2026$9.7M51.3KReduced
Bridgewater AssociatesQ1 2026$4.8M25.3KReduced
Dodge & CoxQ1 2026$3.1M16.4KHeld
Harris Associates (Oakmark)Q1 2026$348,4851.8KReduced

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.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
1
$237K
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-01
filed 2026-05-04
SPOON ALAN GDirectorSell1.4K$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.

Shares short
10.1M
settled 2026-07-15
Change vs prior
-7.0%
vs previous settlement
Days to cover
2.73
at avg daily volume
Avg daily volume
3.7M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1510.1M-7.0%2.73
2026-06-3010.9M-5.5%2.39
2026-06-1511.5M+23.7%2.91
2026-05-299.3M+10.6%2.02
2026-05-158.4M-2.2%1.65
2026-04-308.6M+5.0%1.45
2026-04-158.2M+17.8%2.55
2026-03-316.9M+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)

 FY2025FY2024FY2023FY2022FY2021
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)

 FY2025FY2024FY2023FY2022FY2021
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)

 FY2025FY2024FY2023FY2022FY2021
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)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$6.26B5.5%$870.0M$1.23
Q1 FY2026$5.95B3.7%$1.03B$1.45
Q4 FY2025$6.84B4.6%$1.20B$1.68
Q3 FY2025$6.05B4.4%$908.0M$1.27
Q2 FY2025$5.94B3.4%$555.0M$0.77
Q1 FY2025$5.74B-0.9%$954.0M$1.32
Q4 FY2024$6.54B2.1%$1.09B$1.49
Q3 FY2024$5.80B3.1%$818.0M$1.12

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryIndustrial Instruments For Measurement, Display, and Control
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2020
SEC CIK313616

Recent SEC filings

10-K2026-02-24
View on EDGAR →
10-K2025-02-20
View on EDGAR →
10-Q2026-07-21
View on EDGAR →
10-Q2026-04-21
View on EDGAR →
10-Q2025-10-21
View on EDGAR →
10-Q2025-07-22
View on EDGAR →
8-K2026-07-21
View on EDGAR →
8-K2026-06-03
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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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.