Danaher Corp (DHR) Financial Statements
Industry: Industrial Instruments For Measurement, Display, and Control
In fiscal 2025, Danaher reported revenue of $24.57B, up 2.9% from $23.88B the year before. Net income was $3.61B (a 14.7% net margin), or $5.05 per diluted share. Gross margin was 59.1% and operating margin was 19.1%. Operating activities generated $6.42B of cash, leaving $5.26B of free cash flow. At fiscal year end, Danaher held $83.46B in total assets against $30.93B in total liabilities.
Open the full interactive Danaher financials → Quarterly statements, key ratios, valuation history and price charts.
Danaher Key Stats
| Share Price | $222.84 |
|---|---|
| Market Cap | $157.68B |
| P/E Ratio | 44.1 |
| Dividend Yield | 0.61% |
| Revenue YoY Growth | +2.9% |
| 52-Week Range | $161.29 – $240.61 |
| Shares Outstanding | 705.3 million (basic, 2026 Q2) |
Danaher Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $22.28B | $29.45B | $31.47B | $23.89B | $23.88B | $24.57B |
| Cost of Goods Sold | $9.81B | $11.50B | $12.52B | $9.86B | $9.67B | $10.04B |
| Gross Profit | $12.47B | $17.95B | $18.95B | $14.03B | $14.21B | $14.52B |
| Operating Income | $4.23B | $7.46B | $8.69B | $5.20B | $4.86B | $4.69B |
| Pre-Tax Income | $4.50B | $7.60B | $8.29B | $5.04B | $4.65B | $4.23B |
| Income Tax | $849.0M | $1.25B | $1.08B | $823.0M | $747.0M | $633.0M |
| Net Income | $3.65B | $6.43B | $7.21B | $4.76B | $3.90B | $3.61B |
| Diluted EPS | $4.34 | $7.63 | $8.56 | $6.38 | $5.29 | $5.05 |
Danaher Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.05B | $6.84B | $5.95B | $6.26B |
| Net Income | $908.0M | $1.20B | $1.03B | $870.0M |
| Diluted EPS | $1.27 | $1.67 | $1.45 | $1.23 |
Danaher Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $13.80B | $11.65B | $15.88B | $13.94B | $9.50B | $12.76B |
| Total Assets | $76.16B | $83.18B | $84.35B | $84.49B | $77.54B | $83.46B |
| Current Liabilities | $7.40B | $8.14B | $8.39B | $8.27B | $6.80B | $6.81B |
| Total Long-Term Debt | $21.20B | $22.18B | $19.68B | $18.40B | $16.00B | $18.42B |
| Total Liabilities | $36.40B | $38.02B | $34.27B | $31.00B | $28.00B | $30.93B |
| Shareholders' Equity | $39.77B | $45.17B | $50.08B | $53.49B | $49.54B | $52.53B |
Danaher Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $6.21B | $8.36B | $8.52B | $7.16B | $6.69B | $6.42B |
| Cash From Investing | -$21.24B | -$12.99B | -$2.23B | -$7.08B | -$1.98B | -$1.20B |
| Cash From Financing | $1.01B | $1.29B | -$2.57B | -$273.0M | -$8.38B | -$2.96B |
| Free Cash Flow | $5.42B | $7.06B | $7.37B | $5.78B | $5.30B | $5.26B |
| Dividends Paid | $615.0M | $742.0M | $818.0M | $821.0M | $768.0M | $878.0M |
Figures from Danaher's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Danaher financials page for every line item.
Danaher Company Profile
| Ticker | DHR |
|---|---|
| Exchange | NYSE |
| Industry | Industrial Instruments For Measurement, Display, and Control |
| Headquarters | Washington, District of Columbia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000313616 |
Frequently Asked Questions
What was Danaher's revenue in fiscal 2025?
Danaher (DHR) reported revenue of $24.57B for fiscal 2025.
What is Danaher's annual revenue history?
Danaher's annual revenue by fiscal year: 2020: $22.28B; 2021: $29.45B; 2022: $31.47B; 2023: $23.89B; 2024: $23.88B; 2025: $24.57B.
What was Danaher's net income in fiscal 2025?
Danaher reported net income of $3.61B for fiscal 2025.
What was Danaher's earnings per share (EPS) in fiscal 2025?
Danaher's diluted EPS was $5.05 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Danaher generate in fiscal 2025?
Danaher generated $5.26B of free cash flow in fiscal 2025.
What was Danaher's revenue last quarter?
In its most recent reported quarter (2026 Q2), Danaher reported revenue of $6.26B.
How much debt does Danaher have?
Danaher reported $18.42B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Danaher are outstanding?
Danaher reported a weighted average of 705.3 million basic shares outstanding in 2026 Q2.
What is Danaher's market cap?
Based on its latest closing price, Danaher (DHR) has a market capitalization of about $157.68B.
When does Danaher's fiscal year end?
Danaher's fiscal year end, as registered with the SEC, is December 31.
Where is Danaher headquartered?
Danaher lists its business address in Washington, District of Columbia in its SEC filings.