Danaher DHR
$230.25 +$3.91 (+1.73%)
Market closed · Nov 6, 9:40 pm ET · Last extended-hours $230.25 0.00%
Open$222.96
Prev close$226.34
Day range$222.96 – $230.66
Volume4.06M
Market cap$161.99B
P/E (TTM)37.7
Dividend yield0.66%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$6.55B+8.3% YoY
Operating profit$1.25B+7.9% YoY
Net profit$1.24B+36.0% YoY
Diluted EPS$1.75+37.8% YoY
Free cash flow$1.63B+19.1% YoY
Operating cash flow$1.89B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin58.6%
Operating margin20.4%
Net margin16.9%
Return on equity8.3%
Return on assets5.0%
Return on invested capital6.1%
Current ratio1.63
Liabilities / assets42.5%
Cash & investments$5.68B
Total debt$26.48B
Net cash (debt)-$20.80B
Free cash flow / sales22.4%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $6.55B | $6.27B | $5.95B | $24.57B | $6.84B |
| Total Operating Revenue | $6.55B | $6.27B | $5.95B | $24.57B | $6.84B |
| Cost of Revenue | $2.72B | $2.65B | $2.36B | $10.05B | $2.87B |
| Gross Profit | $3.84B | $3.61B | $3.59B | $14.52B | $3.97B |
| Operating Expense | $2.59B | $2.48B | $2.25B | $9.83B | $2.46B |
| Selling and Admin Expenses | $2.16B | $2.07B | $1.86B | $8.24B | $2.03B |
| Research & Development | $433.00M | $412.00M | $387.00M | $1.60B | $438.00M |
| Operating Profit | $1.25B | $1.13B | $1.34B | $4.69B | $1.50B |
| Net Non-Operating Interest Income (Expense) | -$104.00M | -$46.00M | -$36.00M | -$235.00M | -$42.00M |
| Non-Operating Interest Income | $31.00M | $61.00M | $27.00M | $30.00M | $13.00M |
| Non-Operating Interest Expense | $135.00M | $107.00M | $63.00M | $265.00M | $55.00M |
| Other Income (Expense) | -$9.00M | -$3.00M | -$73.00M | -$222.00M | -$87.00M |
| Gain on Sale of Security | -$13.00M | -$7.00M | -$77.00M | -$248.00M | -$99.00M |
| Special Income (Charges) | $0.00 | $0.00 | $0.00 | $20.00M | $11.00M |
| -Gain on Sale Of Business | $0.00 | $0.00 | $0.00 | $9.00M | $0.00 |
| Other Non-Operating Income (Expenses) | $4.00M | $4.00M | $4.00M | $6.00M | $1.00M |
| Pretax Profit | $1.13B | $1.08B | $1.24B | $4.23B | $1.37B |
| Tax | -$75.00M | $208.00M | $206.00M | $633.00M | $190.00M |
| Net Profit | $1.24B | $870.00M | $1.03B | $3.61B | $1.20B |
| Profit from Continuing Operations | $1.21B | $870.00M | $1.03B | $3.60B | $1.18B |
| Net Income from Discontinuous Operations | $28.00M | – | – | $14.00M | $14.00M |
| Net Income to Parent Company | $1.24B | $870.00M | $1.03B | $3.61B | $1.20B |
| Net Income to Common Stockholders | $1.24B | $870.00M | $1.03B | $3.61B | $1.20B |
| Basic EPS | $1.75 | $1.23 | $1.45 | $5.07 | $1.69 |
| Diluted EPS | $1.75 | $1.23 | $1.45 | $5.05 | $1.68 |
| Dividend Per Share | $0.40 | $0.40 | $0.40 | $1.28 | $0.32 |
| -Gain on Sale of Property/Plant/Equipment | – | – | – | $11.00M | – |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $93.28B | $92.37B | $83.54B | $83.46B | $83.46B |
| Total Current Assets | $14.79B | $13.38B | $13.94B | $12.76B | $12.76B |
| Cash and Cash Equivalents & Short-Term Investments | $5.68B | $4.35B | $5.70B | $4.62B | $4.62B |
| -Cash and Cash Equivalents | $5.68B | $4.35B | $5.70B | $4.62B | $4.62B |
| Receivables | $4.13B | $3.97B | $3.82B | $3.91B | $3.91B |
| -Accounts Receivable | $4.13B | $3.97B | $3.82B | $3.91B | $3.91B |
| Inventory | $3.13B | $3.26B | $2.61B | $2.49B | $2.49B |
| Other Current Assets | $1.85B | $1.81B | $1.81B | $1.74B | $1.74B |
| Total Non-Current Assets | $78.49B | $78.99B | $69.61B | $70.71B | $70.71B |
| Net PPE | $5.77B | $5.83B | $5.47B | $5.53B | $5.53B |
| -Gross PPE | $10.82B | $10.74B | $10.30B | $10.30B | $10.30B |
| -Accumulated Depreciation | -$5.04B | -$4.92B | -$4.83B | -$4.77B | -$4.77B |
| Goodwill and Other Intangible Assets | $68.37B | $68.77B | $59.93B | $60.97B | $60.97B |
| -Goodwill | $47.32B | $47.41B | $42.77B | $43.15B | $43.15B |
| -Other Intangible Assets | $21.05B | $21.36B | $17.17B | $17.82B | $17.82B |
| Other Non-Current Assets | $4.35B | $4.39B | $4.21B | $4.21B | $4.21B |
| Total Liabilities | $39.65B | $39.78B | $30.59B | $30.92B | $30.92B |
| Total Current Liabilities | $9.05B | $8.11B | $7.46B | $6.81B | $6.81B |
| Payables | $1.74B | $1.82B | $1.79B | $2.45B | $2.45B |
| -Accounts Payable | $1.74B | $1.82B | $1.79B | $1.84B | $1.84B |
| Current Accrued Expenses | $5.21B | $4.87B | $4.75B | – | – |
| Short-Term Debt and Capital Lease Obligation | $2.09B | $1.41B | $923.00M | $201.00M | $201.00M |
| -Current Debt | $2.09B | $1.41B | $923.00M | $2.00M | $2.00M |
| Total Non-Current Liabilities | $30.60B | $31.67B | $23.13B | $24.12B | $24.12B |
| Long Term Debt and Capital Lease Obligation | $24.39B | $25.15B | $17.56B | $19.50B | $19.50B |
| -Long Term Debt | $24.39B | $25.15B | $17.56B | $18.42B | $18.42B |
| Other Non-Current Liabilities | $6.21B | $6.52B | $5.57B | $184.00M | $184.00M |
| Total Equity | $53.63B | $52.59B | $52.96B | $52.54B | $52.54B |
| Stockholders' Equity | $53.62B | $52.58B | $52.95B | $52.53B | $52.53B |
| Capital Stock | $9.00M | $9.00M | $9.00M | $9.00M | $9.00M |
| -Common Stock | $9.00M | $9.00M | $9.00M | $9.00M | $9.00M |
| Additional Paid-In Capital | $17.63B | $17.46B | $17.30B | $17.19B | $17.19B |
| Retained Earnings | $49.18B | $48.23B | $47.64B | $46.89B | $46.89B |
| Less: Treasury Stock | $12.33B | $12.32B | $11.41B | $11.35B | $11.35B |
| Gains/Losses Not Affecting Retained Earnings | -$865.00M | -$795.00M | -$593.00M | -$207.00M | -$207.00M |
| Minority Interests | $12.00M | $11.00M | $8.00M | $7.00M | $7.00M |
| -Total Tax Payable | – | – | – | $532.00M | $532.00M |
| -Other Payable | – | – | – | $75.00M | $75.00M |
| -Current Capital Lease Obligation | – | – | – | $199.00M | $199.00M |
| Current Provisions | – | – | – | $187.00M | $187.00M |
| Current Deferred Liabilities | – | – | – | $1.35B | $1.35B |
| Other Current Liabilities | – | – | – | $1.37B | $1.37B |
| Long Term Accounts Payable and Other Payables | – | – | – | $3.23B | $3.23B |
| -Long Term Capital Lease Obligation | – | – | – | $1.08B | $1.08B |
| Derivative Product Liabilities | – | – | – | $0.00 | $0.00 |
| Non-Current Liabilities | – | – | – | $7.00M | $7.00M |
| Non-Current Deferred Liabilities | – | – | – | $231.00M | $231.00M |
| Employee Benefits | – | – | – | $968.00M | $968.00M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.89B | $1.53B | $1.32B | $6.42B | $2.12B |
| Net cash flow from continuing operations | $1.89B | $1.53B | $1.32B | $6.42B | $2.12B |
| Net Income from Continuing Operations | $1.21B | $870.00M | $1.03B | $3.60B | $1.18B |
| Gain/Loss from Continuing Operations | $13.00M | $7.00M | $77.00M | $228.00M | $88.00M |
| Depreciation & Depletion & Amortization | $721.00M | $659.00M | $627.00M | $2.45B | $623.00M |
| Other Non-Cash Items | $84.00M | – | – | – | – |
| Change in Working Capital | -$306.00M | -$141.00M | -$469.00M | -$719.00M | $146.00M |
| -Change in Receivables | -$160.00M | $71.00M | $66.00M | -$216.00M | -$151.00M |
| -Change in Inventory | -$51.00M | -$46.00M | -$132.00M | -$58.00M | $184.00M |
| -Change in Prepaid Assets | -$44.00M | $121.00M | -$40.00M | -$55.00M | -$2.00M |
| -Change in Payables and Accrued Expense | -$51.00M | -$287.00M | -$363.00M | $50.00M | $555.00M |
| Net cash flow from investing | -$300.00M | -$10.15B | -$249.00M | -$1.20B | -$384.00M |
| Net Cash Flow from Continuing Investing Activities | -$300.00M | -$10.15B | -$249.00M | -$1.20B | -$384.00M |
| Net PPE Purchase and Sale | -$254.00M | -$269.00M | -$237.00M | -$1.12B | -$348.00M |
| Net Business Purchase and Sale | -$38.00M | -$9.84B | $0.00 | $9.00M | $0.00 |
| Net Investment Purchase and Sale | -$19.00M | -$47.00M | -$20.00M | -$115.00M | -$48.00M |
| Net Other Investing Changes | $11.00M | $12.00M | $8.00M | $33.00M | $12.00M |
| Financing Cash Flow | -$262.00M | $7.27B | $46.00M | -$2.96B | $1.32B |
| Net Cash Flow from Continuing Financing Activities | -$262.00M | $7.27B | $46.00M | -$2.96B | $1.32B |
| Net Issuance Payments Of Debt | -$7.00M | $8.49B | $309.00M | $1.05B | $1.52B |
| Net Common Stock Issuance | $0.00 | -$894.00M | $0.00 | -$3.00B | $85.00M |
| Cash Dividends Paid | -$281.00M | -$283.00M | -$226.00M | -$878.00M | -$226.00M |
| Proceeds from Stock Option Exercised | $35.00M | $8.00M | -$9.00M | – | – |
| Net Other Financing Charges | -$9.00M | -$43.00M | -$28.00M | -$125.00M | -$17.00M |
| Ending Cash Balance | $5.68B | $4.35B | $5.70B | $4.62B | $4.62B |
| Net Change in Cash | $1.32B | -$1.34B | $1.12B | $2.26B | $3.06B |
| Beginning Cash Balance | $4.35B | $5.70B | $4.62B | $2.08B | $1.53B |
| Effect of Exchange Rate Changes | $10.00M | -$13.00M | -$33.00M | $278.00M | $32.00M |
| Free Cash Flow | $1.63B | $1.27B | $1.09B | $5.26B | $1.75B |
| -Change In Other Working Capital | – | – | – | -$440.00M | – |
| Cash Flow from Discontinued Operating Activities | – | – | – | $0.00 | – |
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