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Danaher (DHR) Financials

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$188.96 -0.22 (-0.12%)
Closing price 05/28/2025 03:59 PM Eastern
Extended Trading
$191.76 +2.80 (+1.48%)
As of 05/28/2025 07:58 PM Eastern
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Annual Income Statements for Danaher

Annual Income Statements for Danaher

This table shows Danaher's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
3,899 4,743 7,103 6,269 3,510 2,940 2,651 2,492 2,554 3,357
Consolidated Net Income / (Loss)
3,899 4,764 7,209 6,433 3,646 3,008 2,651 2,492 2,554 3,357
Net Income / (Loss) Continuing Operations
3,899 4,221 6,328 5,447 3,646 2,432 2,406 2,172 2,153 1,747
Total Pre-Tax Income
4,646 5,044 7,146 6,511 4,495 3,305 2,962 2,543 2,611 2,039
Total Operating Income
4,863 5,202 7,536 6,377 4,231 3,269 3,055 2,572 2,735 2,162
Total Gross Profit
14,206 14,034 16,188 15,239 12,475 9,984 9,505 8,571 9,335 7,771
Total Revenue
23,875 23,890 26,643 24,802 22,284 17,911 17,049 15,519 16,882 14,434
Operating Revenue
23,875 23,890 26,643 24,802 22,284 17,911 17,049 15,519 16,882 14,434
Total Cost of Revenue
9,669 9,856 10,455 9,563 9,809 7,927 7,544 6,948 7,548 6,663
Operating Cost of Revenue
9,669 9,856 10,455 9,563 9,809 7,927 7,544 6,948 7,548 6,663
Total Operating Expenses
9,343 8,832 8,652 8,862 8,244 6,715 6,450 5,999 6,599 5,609
Selling, General & Admin Expense
7,759 7,329 7,124 7,364 6,896 5,589 5,391 5,043 5,624 4,748
Research & Development Expense
1,584 1,503 1,528 1,498 1,348 1,126 1,059 956 975 861
Total Other Income / (Expense), net
-217 -158 -390 134 264 36 -93 -29 -124 -123
Interest Expense
278 286 204 327 301 115 137 140 363 140
Interest & Investment Income
117 303 41 11 71 139 9.00 7.50 0.20 4.60
Other Income / (Expense), net
-56 -175 -227 450 494 12 35 104 239 12
Income Tax Expense
747 823 818 1,064 849 873 556 371 458 293
Net Income / (Loss) Discontinued Operations
0.00 543 881 986 0.00 576 245 320 400 1,611
Preferred Stock Dividends Declared
0.00 21 106 164 136 68 0.00 0.00 - -
Basic Earnings per Share
$5.33 $6.44 $9.80 $8.77 $4.97 $4.11 $3.78 $3.58 $3.69 $4.81
Weighted Average Basic Shares Outstanding
731M 736.50M 725.10M 714.60M 706.20M 715M 700.60M 695.80M 691.20M 698.10M
Diluted Earnings per Share
$5.29 $6.38 $9.66 $8.61 $4.89 $4.05 $3.74 $3.53 $3.65 $4.74
Weighted Average Diluted Shares Outstanding
737.20M 743.10M 737.10M 736.80M 718.70M 725.50M 710.20M 706.10M 699.80M 708.50M
Weighted Average Basic & Diluted Shares Outstanding
714.71M 739.70M 728.58M 715.35M 712.20M 696.24M 701.30M 696.10M 692.10M 698M

Quarterly Income Statements for Danaher

This table shows Danaher's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/28/2025 12/31/2024 9/27/2024 6/28/2024 3/29/2024 12/31/2023 9/29/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
954 1,086 818 907 1,088 1,079 1,129 1,106 1,429 2,210 1,551
Consolidated Net Income / (Loss)
954 1,086 818 907 1,088 1,079 1,129 1,106 1,450 2,232 1,572
Net Income / (Loss) Continuing Operations
954 1,086 818 907 1,088 1,121 940 920 1,240 1,351 1,572
Total Pre-Tax Income
1,129 1,315 977 1,083 1,271 1,232 1,147 1,142 1,523 1,047 1,931
Total Operating Income
1,274 1,425 958 1,168 1,312 1,337 1,185 1,163 1,517 1,144 2,015
Total Gross Profit
3,511 3,890 3,401 3,428 3,487 3,779 3,275 3,318 3,662 2,178 4,584
Total Revenue
5,741 6,538 5,798 5,743 5,796 6,405 5,624 5,912 5,949 3,541 7,663
Operating Revenue
5,741 6,538 5,798 5,743 5,796 6,405 5,624 5,912 5,949 3,541 7,663
Total Cost of Revenue
2,230 2,648 2,397 2,315 2,309 2,626 2,349 2,594 2,287 1,363 3,079
Operating Cost of Revenue
2,230 2,648 2,397 2,315 2,309 2,626 2,349 2,594 2,287 1,363 3,079
Total Operating Expenses
2,237 2,465 2,443 2,260 2,175 2,442 2,090 2,155 2,145 1,034 2,569
Selling, General & Admin Expense
1,858 2,023 2,060 1,869 1,807 2,035 1,728 1,794 1,772 798 2,149
Research & Development Expense
379 442 383 391 368 407 362 361 373 236 420
Total Other Income / (Expense), net
-145 -110 19 -85 -41 -105 -38 -21 6.00 -97 -84
Interest Expense
72 61 87 65 65 85 70 65 66 57 42
Interest & Investment Income
6.00 14 4.00 39 60 117 79 59 48 29 9.00
Other Income / (Expense), net
-79 -63 102 -59 -36 -137 -47 -15 24 -69 -51
Income Tax Expense
175 229 159 176 183 111 207 222 283 -304 359
Basic Earnings per Share
$1.33 $1.49 $1.13 $1.23 $1.47 $1.47 $1.53 $1.50 $1.96 $3.05 $2.13
Weighted Average Basic Shares Outstanding
716.30M 731M 723M 737.60M 740.60M 736.50M 739.40M 737.30M 729.40M 725.10M 728.50M
Diluted Earnings per Share
$1.32 $1.49 $1.12 $1.22 $1.45 $1.47 $1.51 $1.49 $1.94 $3.05 $2.10
Weighted Average Diluted Shares Outstanding
720.80M 737.20M 729.40M 742.40M 748.60M 743.10M 745.90M 744.70M 737.20M 737.10M 737.40M
Weighted Average Basic & Diluted Shares Outstanding
715.67M 714.71M 722.28M 722.21M 740.69M 739.70M 738.93M 738.35M 737.90M 728.58M 727.96M

Annual Cash Flow Statements for Danaher

This table details how cash moves in and out of Danaher's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-3,786 -131 3,409 -3,449 -13,877 19,124 276 -333 173 -2,215
Net Cash From Operating Activities
6,688 7,164 8,519 8,358 6,208 3,952 4,022 3,478 3,522 3,802
Net Cash From Continuing Operating Activities
6,688 6,490 7,613 7,423 6,215 3,657 3,644 3,122 3,088 2,832
Net Income / (Loss) Continuing Operations
3,899 4,221 6,328 5,447 3,646 2,432 2,406 2,172 2,153 1,747
Consolidated Net Income / (Loss)
3,899 4,764 7,209 6,433 3,646 3,008 2,651 2,492 2,554 3,357
Net Income / (Loss) Discontinued Operations
0.00 543 881 986 0.00 576 245 320 400 1,611
Depreciation Expense
721 675 698 674 637 564 562 538 545 484
Amortization Expense
1,656 1,499 1,434 1,447 1,595 625 616 579 583 397
Non-Cash Adjustments To Reconcile Net Income
610 565 566 416 -242 166 138 104 97 95
Changes in Operating Assets and Liabilities, net
-198 -470 -1,413 -561 579 -130 -78 -271 -291 110
Net Cash From Discontinued Operating Activities
0.00 674 906 935 -7.00 295 378 356 434 970
Net Cash From Investing Activities
-1,981 -7,081 -2,234 -12,987 -21,239 -1,238 -2,949 -843 -5,243 -14,951
Net Cash From Continuing Investing Activities
-1,981 -7,048 -2,145 -12,890 -21,239 -1,166 -2,874 -789 -5,173 -14,739
Purchase of Property, Plant & Equipment
-1,392 -1,383 -1,118 -1,240 -791 -636 -584 -571 -590 -513
Acquisitions
-558 -5,610 -582 -10,901 -20,971 -331 -2,173 -386 -4,880 -14,248
Purchase of Investments
-331 -172 -523 -925 -342 -241 -146 0.00 0.00 -87
Sale of Property, Plant & Equipment
13 12 9.00 13 2.00 13 6.00 33 9.80 60
Sale and/or Maturity of Investments
253 61 18 126 13 0.00 22 138 265 43
Other Investing Activities, net
34 44 51 37 24 29 1.00 -2.40 22 5.90
Net Cash From Discontinued Investing Activities
0.00 -33 -89 -97 - -72 -75 -55 -70 -213
Net Cash From Financing Activities
-8,385 -273 -2,570 1,295 1,006 16,365 -797 -3,099 2,043 9,050
Net Cash From Continuing Financing Activities
-8,385 154 -2,570 1,295 1,006 16,589 -797 -3,099 2,528 9,050
Repayment of Debt
-1,805 -687 -1,060 -1,298 -5,962 1,187 -526 -4,507 -478 3,472
Repurchase of Common Equity
-5,979 0.00 0.00 - - - - - - -
Payment of Dividends
-768 -821 -818 -742 -615 -527 -433 -443 -400 -354
Issuance of Debt
5.00 -1,006 -723 3,249 4,033 12,113 66 1,782 3,241 5,683
Issuance of Common Equity
162 68 31 86 1,882 1,573 96 69 165 249
Other Financing Activities, net
0.00 2,600 0.00 0.00 - 643 0.00 - - -
Net Cash From Discontinued Financing Activities
0.00 -427 0.00 - - -224 0.00 0.00 -485 0.00
Effect of Exchange Rate Changes
-108 59 -306 -115 148 - - 131 -149 -116

Quarterly Cash Flow Statements for Danaher

This table details how cash moves in and out of Danaher's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/28/2025 12/31/2024 9/27/2024 6/28/2024 3/29/2024 12/31/2023 9/29/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-85 -549 253 -4,657 1,167 -6,413 3,702 1,196 1,384 845 1,166
Net Cash From Operating Activities
1,299 2,019 1,513 1,417 1,739 1,619 1,672 1,926 1,947 2,541 2,010
Net Cash From Continuing Operating Activities
1,299 2,019 1,513 1,417 1,739 1,591 1,447 1,646 1,806 1,635 2,010
Net Income / (Loss) Continuing Operations
954 1,086 818 907 1,088 1,121 940 920 1,240 1,351 1,572
Consolidated Net Income / (Loss)
954 1,086 818 907 1,088 1,079 1,129 1,106 1,450 2,232 1,572
Depreciation Expense
181 187 177 178 179 178 166 168 163 161 179
Amortization Expense
410 408 414 402 432 388 367 372 372 314 361
Non-Cash Adjustments To Reconcile Net Income
157 164 203 146 97 235 169 113 48 110 153
Changes in Operating Assets and Liabilities, net
-403 174 -99 -216 -57 -331 -195 73 -17 -301 -255
Net Cash From Investing Activities
-242 -694 -606 -360 -321 -6,017 -329 -431 -304 -816 -515
Net Cash From Continuing Investing Activities
-242 -694 -606 -360 -321 -6,017 -315 -421 -295 -727 -515
Purchase of Property, Plant & Equipment
-245 -516 -298 -287 -291 -434 -354 -329 -266 -295 -277
Purchase of Investments
-18 -143 -61 -74 -53 -20 -8.00 -101 -43 -169 -26
Sale of Property, Plant & Equipment
6.00 1.00 11 - - 6.00 4.00 - - - -
Sale and/or Maturity of Investments
5.00 2.00 242 - 9.00 28 29 3.00 1.00 - 1.00
Other Investing Activities, net
10 -5.00 13 12 14 13 14 4.00 13 15 14
Net Cash From Financing Activities
-1,255 -1,692 -845 -5,715 -133 -2,246 2,443 -208 -262 -906 -230
Net Cash From Continuing Financing Activities
-1,255 -1,692 -845 -5,715 -133 -1,819 2,443 -208 -262 -906 -230
Repayment of Debt
21 -711 -62 -1,009 -23 -634 -16 -17 -20 -715 -14
Repurchase of Common Equity
-1,078 -809 -640 - - - - - - - -
Payment of Dividends
-194 -195 -196 -200 -177 -200 -199 -218 -204 -203 -204
Issuance of Debt
1.00 4.00 -14 -53 68 -3,602 2,603 -3.00 -4.00 -4.00 -50
Issuance of Common Equity
-5.00 19 67 77 -1.00 17 55 30 -34 16 38
Effect of Exchange Rate Changes
113 -182 191 1.00 -118 231 -84 -91 3.00 26 -99
Cash Interest Paid
63 - 104 134 42 - 104 103 82 - 83
Cash Income Taxes Paid
201 - 315 396 222 - 476 466 228 - 469

Annual Balance Sheets for Danaher

This table presents Danaher's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
77,542 84,488 84,350 83,184 76,161 62,082 47,833 46,649 45,295 48,222
Total Current Assets
9,497 13,937 15,883 11,648 13,802 25,596 7,094 6,850 6,665 7,837
Cash & Equivalents
2,078 5,864 5,995 2,586 6,035 19,912 788 630 964 791
Accounts Receivable
3,537 3,922 4,102 4,631 4,045 3,191 3,030 3,522 3,186 2,985
Inventories, net
2,330 2,594 2,765 2,767 2,292 1,628 1,631 1,841 1,709 1,573
Prepaid Expenses
1,552 1,557 1,741 1,664 1,430 865 858 857 806 890
Plant, Property, & Equipment, net
4,990 4,553 3,709 3,790 3,262 2,302 2,250 2,455 2,354 2,303
Total Noncurrent Assets
63,055 65,998 64,758 67,746 59,097 34,184 38,489 37,344 36,276 38,083
Goodwill
40,497 41,608 37,276 41,184 35,420 22,713 22,581 25,139 23,827 21,015
Intangible Assets
18,568 20,746 19,821 22,843 21,282 9,750 10,283 11,667 11,818 10,545
Other Noncurrent Operating Assets
3,990 3,644 4,160 3,719 2,395 1,721 5,626 538 631 845
Total Liabilities & Shareholders' Equity
77,542 84,488 84,350 83,184 76,161 62,082 47,833 46,649 45,295 48,222
Total Liabilities
27,992 30,998 34,260 38,007 36,384 31,800 19,606 20,281 22,219 24,458
Total Current Liabilities
6,798 8,274 8,389 8,140 7,402 4,932 4,842 4,792 6,874 6,170
Short-Term Debt
505 1,695 591 8.00 11 212 52 195 2,595 845
Accounts Payable
1,753 1,766 1,856 2,569 2,049 1,515 1,495 1,510 1,485 1,392
Accrued Expenses
4,540 4,813 4,815 5,563 5,342 3,205 2,689 3,088 2,794 2,609
Total Noncurrent Liabilities
21,194 22,724 25,871 29,867 28,982 26,868 14,764 15,489 15,345 18,288
Long-Term Debt
15,500 16,707 19,086 22,168 21,193 21,517 9,689 10,327 9,674 12,025
Other Noncurrent Operating Liabilities
5,694 6,017 6,498 7,699 7,789 5,351 4,702 5,161 5,670 5,750
Total Equity & Noncontrolling Interests
49,550 53,490 50,090 45,177 39,777 30,282 28,227 26,368 23,077 23,764
Total Preferred & Common Equity
49,543 53,486 50,082 45,167 39,766 30,271 28,214 26,358 23,003 23,690
Total Common Equity
49,543 53,486 48,414 41,899 36,498 28,671 28,214 26,358 23,003 23,690
Common Stock
16,736 16,179 12,081 10,099 9,707 7,573 5,843 5,546 5,321 4,989
Retained Earnings
44,188 41,074 39,205 32,827 27,159 24,166 25,163 22,806 20,704 21,012
Accumulated Other Comprehensive Income / (Loss)
-3,218 -1,748 -2,872 -1,027 -368 -3,068 -2,791 -1,994 -3,022 -2,311
Other Equity Adjustments
-8,163 - - - - - - - - -
Noncontrolling Interest
7.00 4.00 8.00 10 11 11 12 9.60 74 74

Quarterly Balance Sheets for Danaher

This table presents Danaher's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/28/2025 12/31/2024 9/27/2024 6/28/2024 3/29/2024 12/31/2023 9/29/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
79,116 77,542 80,615 78,555 83,402 84,488 87,734 84,902 85,040 84,350 81,030
Total Current Assets
9,525 9,497 10,060 9,609 14,372 13,937 21,205 17,461 16,532 15,883 14,250
Cash & Equivalents
1,993 2,078 2,627 2,374 7,031 5,864 12,277 8,575 7,379 5,995 5,150
Accounts Receivable
3,506 3,537 3,507 3,298 3,379 3,922 4,201 4,199 4,313 4,102 4,409
Inventories, net
2,532 2,330 2,678 2,671 2,645 2,594 3,024 3,183 3,383 2,765 3,236
Prepaid Expenses
1,494 1,552 1,248 1,266 1,317 1,557 1,703 1,504 1,457 1,741 1,455
Plant, Property, & Equipment, net
5,110 4,990 4,843 4,643 4,562 4,553 4,302 4,176 4,065 3,709 3,719
Total Noncurrent Assets
64,481 63,055 65,712 64,303 64,468 65,998 62,227 63,265 64,443 64,758 63,061
Goodwill
41,657 40,497 42,173 40,805 40,846 41,608 39,155 39,576 39,856 37,276 38,251
Intangible Assets
18,885 18,568 19,854 19,545 19,888 20,746 18,786 19,317 19,976 19,821 19,964
Other Noncurrent Operating Assets
3,939 3,990 3,685 3,953 3,734 3,644 4,286 4,372 4,611 4,160 4,846
Total Liabilities & Shareholders' Equity
79,116 77,542 80,615 78,555 83,402 84,488 87,734 84,902 85,040 84,350 81,030
Total Liabilities
28,259 27,992 29,310 28,653 29,955 30,998 35,319 33,178 33,554 34,260 34,037
Total Current Liabilities
6,645 6,798 7,339 6,701 7,778 8,274 9,367 8,404 8,730 8,389 8,002
Short-Term Debt
501 505 1,200 701 1,746 1,695 2,547 1,590 1,571 591 705
Accounts Payable
1,722 1,753 1,596 1,645 1,679 1,766 1,894 1,956 2,081 1,856 2,191
Accrued Expenses
4,422 4,540 4,543 4,355 4,353 4,813 4,926 4,858 5,078 4,815 5,106
Total Noncurrent Liabilities
21,614 21,194 21,971 21,952 22,177 22,724 25,952 24,774 24,824 25,871 26,035
Long-Term Debt
15,976 15,500 16,324 16,309 16,417 16,707 19,513 18,285 18,261 19,086 18,542
Other Noncurrent Operating Liabilities
5,638 5,694 5,647 5,643 5,760 6,017 6,439 6,489 6,563 6,498 7,493
Total Equity & Noncontrolling Interests
50,857 49,550 51,305 49,902 53,447 53,490 52,415 51,724 51,486 50,090 46,993
Total Preferred & Common Equity
50,849 49,543 51,299 49,897 53,442 53,486 52,407 51,716 51,478 50,082 46,985
Total Common Equity
50,849 49,543 51,299 49,897 53,442 53,486 52,407 51,716 49,810 48,414 45,317
Common Stock
16,854 16,736 9,313 9,815 14,224 16,179 14,094 13,948 12,139 12,081 11,994
Retained Earnings
44,913 44,188 43,296 42,673 41,962 41,074 42,272 41,344 40,437 39,205 37,177
Accumulated Other Comprehensive Income / (Loss)
-1,612 -3,218 -1,310 -2,591 -2,744 -1,748 -3,959 -3,576 -2,766 -2,872 -3,854
Other Equity Adjustments
-9,306 -8,163 - - - - - - - - -
Noncontrolling Interest
8.00 7.00 6.00 5.00 5.00 4.00 8.00 8.00 8.00 8.00 8.00

Annual Metrics And Ratios for Danaher

This table displays calculated financial ratios and metrics derived from Danaher's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
-0.06% -10.33% 7.42% 11.30% 24.42% 5.06% 9.86% -8.08% 16.97% 12.18%
EBITDA Growth
-0.24% -23.73% 5.51% 28.62% 55.64% 4.73% 12.53% -7.55% 34.27% 5.88%
EBIT Growth
-4.38% -31.22% 7.06% 44.49% 44.01% 6.18% 15.48% -10.04% 36.77% 0.32%
NOPAT Growth
-6.25% -34.77% 25.09% 55.45% 42.67% -3.06% 12.95% -2.59% 21.80% 15.29%
Net Income Growth
-18.16% -33.92% 12.06% 76.44% 21.21% 13.47% 6.38% -2.41% -23.94% 29.21%
EPS Growth
-17.08% -33.95% 12.06% 76.44% 20.74% 8.29% 5.95% -3.29% -23.00% 29.21%
Operating Cash Flow Growth
-6.64% -15.91% 1.93% 34.63% 57.09% -1.74% 15.65% -1.25% -7.36% 1.15%
Free Cash Flow Firm Growth
622.30% -111.51% 345.99% 76.89% -352.86% 460.63% 328.58% 118.56% 71.54% -411.93%
Invested Capital Growth
-3.86% 9.31% -6.73% 17.87% 71.18% -14.11% 3.07% 5.46% 13.08% 35.12%
Revenue Q/Q Growth
0.56% 13.62% 0.17% -11.63% 9.28% 15.09% 1.46% -12.95% 24.46% 23.36%
EBITDA Q/Q Growth
2.73% 3.09% -0.90% -5.77% 15.35% 10.73% 0.65% -5.88% 23.09% 30.99%
EBIT Q/Q Growth
3.49% 2.55% -0.91% -6.75% 16.72% 11.37% 0.76% -4.56% 32.88% 30.21%
NOPAT Q/Q Growth
-0.87% -5.13% 8.28% -6.12% 17.39% 13.14% -0.19% -10.60% 39.18% 35.64%
Net Income Q/Q Growth
0.18% -19.49% 6.56% 9.29% -0.92% 21.29% -3.97% 4.60% 2.34% 0.81%
EPS Q/Q Growth
-1.67% -19.65% 6.56% 9.29% -2.59% 19.82% -5.08% 3.22% 1.39% 0.81%
Operating Cash Flow Q/Q Growth
6.36% -11.40% 2.50% 1.36% 21.76% -3.09% 11.13% 5.64% -14.19% -0.20%
Free Cash Flow Firm Q/Q Growth
5,780.77% -136.48% 15.19% 4.83% -32.63% 147.31% 128.04% 112.39% -123.21% 50.48%
Invested Capital Q/Q Growth
-4.12% 6.16% -1.12% 0.40% 1.54% -12.17% -0.41% 1.74% 12.34% -16.48%
Profitability Metrics
- - - - - - - - - -
Gross Margin
59.50% 58.74% 60.76% 61.44% 55.98% 55.74% 55.75% 55.23% 55.29% 53.84%
EBITDA Margin
30.09% 30.14% 35.44% 36.08% 31.22% 24.96% 25.03% 24.44% 24.30% 21.17%
Operating Margin
20.37% 21.77% 28.29% 25.71% 18.99% 18.25% 17.92% 16.58% 16.20% 14.98%
EBIT Margin
20.13% 21.04% 27.43% 27.53% 21.20% 18.32% 18.12% 17.24% 17.62% 15.07%
Profit (Net Income) Margin
16.33% 19.94% 27.06% 25.94% 16.36% 16.79% 15.55% 16.06% 15.13% 23.26%
Tax Burden Percent
83.92% 94.45% 100.88% 98.80% 81.11% 91.01% 89.50% 97.99% 97.79% 164.63%
Interest Burden Percent
96.65% 100.34% 97.77% 95.37% 95.13% 100.73% 95.86% 95.04% 87.80% 93.78%
Effective Tax Rate
16.08% 16.32% 11.45% 16.34% 18.89% 26.41% 18.77% 14.59% 17.54% 14.35%
Return on Invested Capital (ROIC)
6.30% 6.89% 10.66% 8.91% 7.89% 6.93% 6.74% 6.22% 6.96% 7.00%
ROIC Less NNEP Spread (ROIC-NNEP)
4.93% 10.48% 14.25% 15.23% 10.41% 17.92% 8.52% 9.00% 10.29% 59.90%
Return on Net Nonoperating Assets (RNNOA)
1.27% 2.31% 4.47% 6.23% 2.52% 3.36% 2.97% 3.86% 3.94% 7.22%
Return on Equity (ROE)
7.57% 9.20% 15.13% 15.14% 10.41% 10.28% 9.71% 10.08% 10.90% 14.22%
Cash Return on Invested Capital (CROIC)
10.24% -2.01% 17.63% -7.49% -44.61% 22.10% 3.72% 0.90% -5.32% -22.87%
Operating Return on Assets (OROA)
5.93% 5.95% 8.73% 8.57% 6.84% 5.97% 6.54% 5.82% 6.36% 5.10%
Return on Assets (ROA)
4.81% 5.64% 8.61% 8.07% 5.27% 5.47% 5.61% 5.42% 5.46% 7.88%
Return on Common Equity (ROCE)
7.57% 9.05% 14.35% 13.98% 9.68% 10.00% 9.71% 10.06% 10.87% 14.18%
Return on Equity Simple (ROE_SIMPLE)
7.87% 8.91% 14.39% 14.24% 9.17% 9.94% 9.40% 9.45% 11.10% 14.17%
Net Operating Profit after Tax (NOPAT)
4,081 4,353 6,673 5,335 3,432 2,406 2,482 2,197 2,256 1,852
NOPAT Margin
17.09% 18.22% 25.05% 21.51% 15.40% 13.43% 14.56% 14.16% 13.36% 12.83%
Net Nonoperating Expense Percent (NNEP)
1.38% -3.60% -3.58% -6.32% -2.52% -10.99% -1.78% -2.78% -3.32% -52.90%
Return On Investment Capital (ROIC_SIMPLE)
6.23% 6.06% 9.57% - - - - - - -
Cost of Revenue to Revenue
40.50% 41.26% 39.24% 38.56% 44.02% 44.26% 44.25% 44.77% 44.71% 46.16%
SG&A Expenses to Revenue
32.50% 30.68% 26.74% 29.69% 30.95% 31.20% 31.62% 32.49% 33.31% 32.89%
R&D to Revenue
6.63% 6.29% 5.74% 6.04% 6.05% 6.29% 6.21% 6.16% 5.78% 5.97%
Operating Expenses to Revenue
39.13% 36.97% 32.47% 35.73% 37.00% 37.49% 37.83% 38.66% 39.09% 38.86%
Earnings before Interest and Taxes (EBIT)
4,807 5,027 7,309 6,827 4,725 3,281 3,090 2,676 2,974 2,175
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
7,184 7,201 9,441 8,948 6,957 4,470 4,268 3,793 4,102 3,055
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
3.35 3.18 3.96 5.55 4.27 3.78 2.50 2.38 2.26 2.58
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
6.94 7.12 7.19 9.38 6.99 6.05 4.15 4.04 3.08 4.23
Price to Earnings (P/E)
42.52 35.89 26.96 37.11 44.35 36.84 26.66 25.17 20.35 18.18
Dividend Yield
0.47% 0.43% 0.38% 0.26% 0.33% 0.45% 0.63% 0.62% 0.66% 0.61%
Earnings Yield
2.35% 2.79% 3.71% 2.69% 2.25% 2.71% 3.75% 3.97% 4.91% 5.50%
Enterprise Value to Invested Capital (EV/IC)
2.83 2.77 3.42 3.95 3.17 3.48 2.13 2.00 1.84 2.41
Enterprise Value to Revenue (EV/Rev)
7.53 7.65 7.76 10.30 7.81 6.24 4.67 4.68 3.75 5.07
Enterprise Value to EBITDA (EV/EBITDA)
25.02 25.38 21.91 28.56 25.03 25.00 18.66 19.15 15.44 23.96
Enterprise Value to EBIT (EV/EBIT)
37.39 36.35 28.30 37.43 36.85 34.06 25.77 27.14 21.30 33.66
Enterprise Value to NOPAT (EV/NOPAT)
44.04 41.98 31.00 47.90 50.74 46.45 32.09 33.06 28.09 39.53
Enterprise Value to Operating Cash Flow (EV/OCF)
26.87 25.51 24.28 30.57 28.05 28.27 19.80 20.88 17.99 19.25
Enterprise Value to Free Cash Flow (EV/FCFF)
27.10 0.00 18.75 0.00 0.00 14.55 58.15 227.29 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.32 0.34 0.39 0.49 0.53 0.72 0.35 0.40 0.53 0.54
Long-Term Debt to Equity
0.31 0.31 0.38 0.49 0.53 0.71 0.34 0.39 0.42 0.51
Financial Leverage
0.26 0.22 0.31 0.41 0.24 0.19 0.35 0.43 0.38 0.12
Leverage Ratio
1.57 1.63 1.76 1.88 1.97 1.88 1.73 1.86 2.00 1.80
Compound Leverage Factor
1.52 1.64 1.72 1.79 1.88 1.89 1.66 1.77 1.75 1.69
Debt to Total Capital
24.41% 25.60% 28.20% 32.93% 34.77% 41.78% 25.65% 28.52% 34.71% 35.13%
Short-Term Debt to Total Capital
0.77% 2.36% 0.85% 0.01% 0.02% 0.41% 0.14% 0.53% 7.34% 2.31%
Long-Term Debt to Total Capital
23.64% 23.24% 27.36% 32.91% 34.75% 41.37% 25.52% 28.00% 27.37% 32.82%
Preferred Equity to Total Capital
0.00% 0.00% 2.39% 4.85% 5.36% 3.08% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.01% 0.01% 0.01% 0.01% 0.02% 0.02% 0.03% 0.03% 0.21% 0.20%
Common Equity to Total Capital
75.57% 74.40% 69.39% 62.21% 59.85% 55.12% 74.31% 71.45% 65.08% 64.67%
Debt to EBITDA
2.23 2.56 2.08 2.48 3.05 4.86 2.28 2.77 2.99 4.21
Net Debt to EBITDA
1.94 1.74 1.45 2.19 2.18 0.41 2.10 2.61 2.76 3.95
Long-Term Debt to EBITDA
2.16 2.32 2.02 2.48 3.05 4.81 2.27 2.72 2.36 3.94
Debt to NOPAT
3.92 4.23 2.95 4.16 6.18 9.03 3.93 4.79 5.44 6.95
Net Debt to NOPAT
3.41 2.88 2.05 3.67 4.42 0.76 3.61 4.50 5.01 6.52
Long-Term Debt to NOPAT
3.80 3.84 2.86 4.16 6.18 8.94 3.90 4.70 4.29 6.49
Altman Z-Score
4.91 4.53 4.71 4.84 3.66 3.45 3.53 3.12 2.63 2.60
Noncontrolling Interest Sharing Ratio
0.01% 1.62% 5.20% 7.72% 6.98% 2.77% 0.04% 0.17% 0.32% 0.31%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.40 1.68 1.89 1.43 1.86 5.19 1.47 1.43 0.97 1.27
Quick Ratio
0.83 1.18 1.20 0.89 1.36 4.68 0.79 0.87 0.60 0.61
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
6,632 -1,270 11,035 -4,486 -19,415 7,678 1,370 320 -1,722 -6,051
Operating Cash Flow to CapEx
484.99% 522.54% 768.17% 681.17% 786.82% 634.35% 695.85% 646.19% 607.42% 840.18%
Free Cash Flow to Firm to Interest Expense
23.86 -4.44 54.09 -13.72 -64.50 66.77 10.00 2.28 -4.74 -43.28
Operating Cash Flow to Interest Expense
24.06 25.05 41.76 25.56 20.62 34.37 29.36 24.82 9.70 27.19
Operating Cash Flow Less CapEx to Interest Expense
19.10 20.26 36.32 21.81 18.00 28.95 25.14 20.98 8.10 23.96
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.29 0.28 0.32 0.31 0.32 0.33 0.36 0.34 0.36 0.34
Accounts Receivable Turnover
6.40 5.95 6.10 5.72 6.16 5.76 5.20 4.63 5.47 4.49
Inventory Turnover
3.93 3.68 3.78 3.78 5.00 4.86 4.35 3.91 4.60 3.97
Fixed Asset Turnover
5.00 5.78 7.11 7.03 8.01 7.87 7.25 6.45 7.25 6.45
Accounts Payable Turnover
5.50 5.44 4.73 4.14 5.50 5.27 5.02 4.64 5.25 4.14
Days Sales Outstanding (DSO)
57.02 61.30 59.82 63.84 59.26 63.39 70.13 78.88 66.71 81.31
Days Inventory Outstanding (DIO)
92.94 99.23 96.57 96.55 72.93 75.04 84.00 93.26 79.37 91.92
Days Payable Outstanding (DPO)
66.42 67.07 77.24 88.13 66.31 69.31 72.70 78.67 69.56 88.12
Cash Conversion Cycle (CCC)
83.54 93.46 79.14 72.26 65.88 69.12 81.43 93.47 76.52 85.12
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
63,477 66,028 60,405 64,767 54,946 32,099 37,372 36,260 34,382 30,405
Invested Capital Turnover
0.37 0.38 0.43 0.41 0.51 0.52 0.46 0.44 0.52 0.55
Increase / (Decrease) in Invested Capital
-2,551 5,623 -4,362 9,821 22,847 -5,273 1,112 1,878 3,978 7,903
Enterprise Value (EV)
179,732 182,751 206,879 255,524 174,128 111,737 79,634 72,631 63,355 73,198
Market Capitalization
165,798 170,209 191,521 232,656 155,680 108,309 70,669 62,730 51,976 61,044
Book Value per Share
$68.59 $72.38 $66.51 $58.63 $51.38 $39.92 $40.25 $37.89 $33.26 $34.57
Tangible Book Value per Share
($13.18) ($12.00) ($11.93) ($30.97) ($28.44) ($5.28) ($6.63) ($15.02) ($18.28) ($11.48)
Total Capital
65,555 71,892 69,767 67,353 60,981 52,011 37,967 36,890 35,346 36,634
Total Debt
16,005 18,402 19,677 22,176 21,204 21,729 9,740 10,522 12,269 12,870
Total Long-Term Debt
15,500 16,707 19,086 22,168 21,193 21,517 9,689 10,327 9,674 12,025
Net Debt
13,927 12,538 13,682 19,590 15,169 1,817 8,953 9,892 11,305 12,080
Capital Expenditures (CapEx)
1,379 1,371 1,109 1,227 789 623 578 538 580 453
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,126 1,494 2,090 930 376 964 1,516 1,622 1,422 1,721
Debt-free Net Working Capital (DFNWC)
3,204 7,358 8,085 3,516 6,411 20,876 2,304 2,252 2,386 2,512
Net Working Capital (NWC)
2,699 5,663 7,494 3,508 6,400 20,664 2,252 2,058 -209 1,666
Net Nonoperating Expense (NNE)
182 -411 -536 -1,098 -214 -602 -169 -295 -298 -1,506
Net Nonoperating Obligations (NNO)
13,927 12,538 10,315 19,590 15,169 1,817 9,145 9,892 11,305 6,641
Total Depreciation and Amortization (D&A)
2,377 2,174 2,132 2,121 2,232 1,189 1,178 1,117 1,128 881
Debt-free, Cash-free Net Working Capital to Revenue
4.72% 6.25% 7.84% 3.75% 1.69% 5.38% 8.89% 10.45% 8.42% 11.92%
Debt-free Net Working Capital to Revenue
13.42% 30.80% 30.35% 14.18% 28.77% 116.55% 13.51% 14.51% 14.13% 17.40%
Net Working Capital to Revenue
11.30% 23.70% 28.13% 14.14% 28.72% 115.37% 13.21% 13.26% -1.24% 11.54%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$5.33 $6.44 $8.71 $7.79 $4.42 $3.65 $3.36 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
731M 736.50M 816.24M 804.42M 794.97M 804.87M 788.66M 0.00 0.00 0.00
Adjusted Diluted Earnings per Share
$5.29 $6.38 $8.58 $7.65 $4.34 $3.60 $3.32 $0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
737.20M 743.10M 829.75M 829.41M 809.04M 816.69M 799.47M 0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $3.65 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
714.71M 739.70M 820.16M 805.27M 801.73M 783.75M 790.10M 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)
4,081 4,353 6,673 5,335 3,432 2,406 2,482 2,197 2,256 1,852
Normalized NOPAT Margin
17.09% 18.22% 25.05% 21.51% 15.40% 13.43% 14.56% 14.16% 13.36% 12.83%
Pre Tax Income Margin
19.46% 21.11% 26.82% 26.25% 20.17% 18.45% 17.37% 16.39% 15.47% 14.13%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
17.29 17.58 35.83 20.88 15.70 28.53 22.55 19.10 8.19 15.56
NOPAT to Interest Expense
14.68 15.22 32.71 16.31 11.40 20.92 18.11 15.68 6.21 13.25
EBIT Less CapEx to Interest Expense
12.33 12.78 30.39 17.13 13.08 23.11 18.34 15.26 6.59 12.32
NOPAT Less CapEx to Interest Expense
9.72 10.43 27.28 12.56 8.78 15.50 13.89 11.84 4.61 10.01
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
19.70% 17.23% 11.35% 11.53% 16.87% 17.52% 16.33% 17.76% 15.66% 10.55%
Augmented Payout Ratio
173.04% 17.23% 11.35% 11.53% 16.87% 17.52% 16.33% 17.76% 15.66% 10.55%

Quarterly Metrics And Ratios for Danaher

This table displays calculated financial ratios and metrics derived from Danaher's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/28/2025 12/31/2024 9/27/2024 6/28/2024 3/29/2024 12/31/2023 9/29/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-0.95% 2.08% 3.09% -2.86% -2.57% 80.88% -26.61% -23.73% -22.62% 1.26% 6.00%
EBITDA Growth
-5.35% 10.82% -1.20% 0.06% -9.10% 13.94% -33.27% -36.78% -23.59% -5.26% 24.14%
EBIT Growth
-6.35% 13.50% -6.85% -3.40% -17.20% 11.63% -42.06% -45.80% -28.39% -5.87% 35.82%
NOPAT Growth
-4.15% -3.26% -17.41% 4.40% -9.07% -17.59% -40.80% -47.67% -30.81% 55.63% 50.10%
Net Income Growth
-12.32% 0.65% -27.55% -17.99% -24.97% -51.66% -28.18% -34.17% -15.94% 24.83% 35.75%
EPS Growth
-8.97% 1.36% -25.83% -18.12% -25.26% -51.80% -28.18% -34.17% -15.94% 24.83% 35.75%
Operating Cash Flow Growth
-25.30% 24.71% -9.51% -26.43% -10.68% -36.28% -16.82% -3.70% -1.07% 8.92% -1.18%
Free Cash Flow Firm Growth
-34.89% 184.60% -2,239.59% -190.52% -71.90% -175.48% -102.71% 111.79% 120.81% 165.80% 154.36%
Invested Capital Growth
1.18% -3.86% 6.44% 2.40% 1.00% 9.31% 1.81% 0.55% -0.75% -6.73% -5.30%
Revenue Q/Q Growth
-12.19% 12.76% 0.96% -0.91% 12.41% 13.89% -4.87% -0.62% 68.00% -53.79% -1.14%
EBITDA Q/Q Growth
-8.74% 18.53% -2.25% -10.49% 30.32% 5.69% -1.01% -18.69% 33.94% -38.10% -6.22%
EBIT Q/Q Growth
-12.26% 28.49% -4.42% -13.09% 34.74% 5.45% -0.87% -25.50% 43.35% -45.26% -7.27%
NOPAT Q/Q Growth
-8.52% 46.72% -18.00% -12.90% 9.17% 25.27% 3.65% -24.14% -16.33% -10.01% -8.38%
Net Income Q/Q Growth
-12.15% 32.76% -9.81% -16.64% 0.83% -4.43% 2.08% -23.72% -35.04% 41.98% -6.43%
EPS Q/Q Growth
-11.41% 33.04% -8.20% -15.86% -1.36% -2.65% 2.08% -23.72% -35.04% 41.98% -6.43%
Operating Cash Flow Q/Q Growth
-35.66% 33.44% 6.77% -18.52% 7.41% -3.17% -13.19% -1.08% -23.38% 26.42% 0.50%
Free Cash Flow Firm Q/Q Growth
-91.56% 216.43% -497.58% -210.91% 110.52% -3,119.73% -123.12% -65.57% -70.55% 15.44% 200.71%
Invested Capital Q/Q Growth
2.94% -4.12% 2.58% -0.06% -2.19% 6.16% -1.31% -1.43% 5.85% -1.12% -2.54%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
61.16% 59.50% 58.66% 59.69% 60.16% 59.00% 58.23% 56.12% 61.56% 61.51% 59.82%
EBITDA Margin
31.11% 29.93% 28.48% 29.41% 32.56% 27.57% 29.71% 28.55% 34.90% 43.77% 32.68%
Operating Margin
22.19% 21.80% 16.52% 20.34% 22.64% 20.87% 21.07% 19.67% 25.50% 32.31% 26.30%
EBIT Margin
20.82% 20.83% 18.28% 19.31% 22.02% 18.74% 20.23% 19.42% 25.90% 30.36% 25.63%
Profit (Net Income) Margin
16.62% 16.61% 14.11% 15.79% 18.77% 16.85% 20.07% 18.71% 24.37% 63.03% 20.51%
Tax Burden Percent
84.50% 82.59% 83.73% 83.75% 85.60% 87.58% 98.43% 96.85% 95.21% 213.18% 81.41%
Interest Burden Percent
94.48% 96.55% 92.17% 97.66% 99.61% 102.67% 100.79% 99.48% 98.83% 97.40% 98.32%
Effective Tax Rate
15.50% 17.41% 16.27% 16.25% 14.40% 9.01% 18.05% 19.44% 18.58% -29.04% 18.59%
Return on Invested Capital (ROIC)
6.88% 6.64% 5.12% 6.29% 7.16% 7.18% 5.89% 5.82% 8.06% 17.75% 9.07%
ROIC Less NNEP Spread (ROIC-NNEP)
5.92% 5.95% 5.24% 5.74% 6.86% 5.97% 7.21% 7.05% 9.46% 22.80% 8.68%
Return on Net Nonoperating Assets (RNNOA)
1.45% 1.53% 1.25% 1.47% 1.54% 1.32% 1.73% 1.96% 2.95% 7.16% 3.37%
Return on Equity (ROE)
8.33% 8.17% 6.36% 7.76% 8.70% 8.50% 7.62% 7.78% 11.01% 24.90% 12.44%
Cash Return on Invested Capital (CROIC)
5.04% 10.24% 0.18% 4.35% 5.61% -2.01% 5.65% 7.82% 10.29% 17.63% 15.26%
Operating Return on Assets (OROA)
6.10% 6.14% 5.16% 5.57% 6.20% 5.30% 5.04% 5.37% 7.66% 9.66% 8.34%
Return on Assets (ROA)
4.87% 4.90% 3.98% 4.55% 5.29% 4.77% 5.00% 5.18% 7.21% 20.05% 6.67%
Return on Common Equity (ROCE)
8.33% 8.16% 6.36% 7.76% 8.56% 8.36% 7.49% 7.65% 10.45% 23.61% 11.76%
Return on Equity Simple (ROE_SIMPLE)
7.40% 0.00% 7.59% 8.42% 8.24% 0.00% 11.29% 12.30% 13.47% 0.00% 14.40%
Net Operating Profit after Tax (NOPAT)
1,077 1,177 802 978 1,123 1,217 971 937 1,235 1,476 1,640
NOPAT Margin
18.75% 18.00% 13.83% 17.03% 19.38% 18.99% 17.27% 15.85% 20.76% 41.69% 21.41%
Net Nonoperating Expense Percent (NNEP)
0.96% 0.69% -0.13% 0.55% 0.30% 1.20% -1.32% -1.24% -1.41% -5.05% 0.39%
Return On Investment Capital (ROIC_SIMPLE)
1.60% 1.80% - - - 1.69% - - - 2.12% -
Cost of Revenue to Revenue
38.84% 40.50% 41.34% 40.31% 39.84% 41.00% 41.77% 43.88% 38.44% 38.49% 40.18%
SG&A Expenses to Revenue
32.36% 30.94% 35.53% 32.54% 31.18% 31.77% 30.73% 30.35% 29.79% 22.54% 28.04%
R&D to Revenue
6.60% 6.76% 6.61% 6.81% 6.35% 6.35% 6.44% 6.11% 6.27% 6.66% 5.48%
Operating Expenses to Revenue
38.97% 37.70% 42.14% 39.35% 37.53% 38.13% 37.16% 36.45% 36.06% 29.20% 33.52%
Earnings before Interest and Taxes (EBIT)
1,195 1,362 1,060 1,109 1,276 1,200 1,138 1,148 1,541 1,075 1,964
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
1,786 1,957 1,651 1,689 1,887 1,766 1,671 1,688 2,076 1,550 2,504
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.89 3.35 3.88 3.71 3.45 3.18 3.48 3.41 3.67 3.96 4.11
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
6.18 6.94 8.38 7.85 7.77 7.12 8.67 7.64 7.33 7.19 7.01
Price to Earnings (P/E)
39.08 42.52 51.11 44.03 41.87 35.89 31.02 28.00 26.67 26.96 28.08
Dividend Yield
0.55% 0.47% 0.48% 0.42% 0.41% 0.43% 0.42% 0.44% 0.41% 0.38% 0.37%
Earnings Yield
2.56% 2.35% 1.96% 2.27% 2.39% 2.79% 3.22% 3.57% 3.75% 3.71% 3.56%
Enterprise Value to Invested Capital (EV/IC)
2.47 2.83 3.23 3.09 3.03 2.77 3.09 2.98 3.08 3.42 3.31
Enterprise Value to Revenue (EV/Rev)
6.78 7.53 9.01 8.47 8.23 7.65 9.13 8.13 7.90 7.76 7.60
Enterprise Value to EBITDA (EV/EBITDA)
22.82 25.02 30.58 28.48 27.88 25.38 27.49 24.00 22.36 21.91 21.23
Enterprise Value to EBIT (EV/EBIT)
34.20 37.39 46.03 42.28 41.05 36.35 39.17 32.76 29.37 28.30 27.42
Enterprise Value to NOPAT (EV/NOPAT)
40.07 44.04 51.94 46.59 46.07 41.98 41.84 35.67 32.15 31.00 32.81
Enterprise Value to Operating Cash Flow (EV/OCF)
25.87 26.87 34.01 30.98 28.10 25.51 23.74 22.27 23.15 24.28 24.33
Enterprise Value to Free Cash Flow (EV/FCFF)
49.40 27.10 1,896.05 72.03 54.25 0.00 55.16 38.18 29.79 18.75 21.11
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.32 0.32 0.34 0.34 0.34 0.34 0.42 0.38 0.39 0.39 0.41
Long-Term Debt to Equity
0.31 0.31 0.32 0.33 0.31 0.31 0.37 0.35 0.35 0.38 0.39
Financial Leverage
0.25 0.26 0.24 0.26 0.22 0.22 0.24 0.28 0.31 0.31 0.39
Leverage Ratio
1.56 1.57 1.62 1.61 1.61 1.63 1.70 1.70 1.72 1.76 1.81
Compound Leverage Factor
1.47 1.52 1.50 1.57 1.60 1.67 1.71 1.69 1.70 1.71 1.78
Debt to Total Capital
24.47% 24.41% 25.46% 25.42% 25.36% 25.60% 29.62% 27.76% 27.81% 28.20% 29.06%
Short-Term Debt to Total Capital
0.74% 0.77% 1.74% 1.05% 2.44% 2.36% 3.42% 2.22% 2.20% 0.85% 1.06%
Long-Term Debt to Total Capital
23.73% 23.64% 23.72% 24.37% 22.93% 23.24% 26.20% 25.54% 25.61% 27.36% 27.99%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.34% 2.39% 2.52%
Noncontrolling Interests to Total Capital
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Common Equity to Total Capital
75.52% 75.57% 74.53% 74.57% 74.63% 74.40% 70.37% 72.23% 69.84% 69.39% 68.41%
Debt to EBITDA
2.33 2.23 2.51 2.43 2.59 2.56 3.16 2.54 2.25 2.08 2.02
Net Debt to EBITDA
2.04 1.94 2.13 2.09 1.59 1.74 1.40 1.45 1.42 1.45 1.48
Long-Term Debt to EBITDA
2.26 2.16 2.33 2.33 2.34 2.32 2.79 2.34 2.08 2.02 1.95
Debt to NOPAT
4.09 3.92 4.26 3.97 4.28 4.23 4.81 3.78 3.24 2.95 3.12
Net Debt to NOPAT
3.59 3.41 3.62 3.41 2.62 2.88 2.13 2.15 2.03 2.05 2.29
Long-Term Debt to NOPAT
3.96 3.80 3.97 3.80 3.87 3.84 4.25 3.48 2.98 2.86 3.01
Altman Z-Score
4.31 4.76 5.20 5.03 4.83 4.39 4.21 4.31 4.39 4.47 4.43
Noncontrolling Interest Sharing Ratio
0.01% 0.01% 0.01% 0.01% 1.60% 1.62% 1.69% 1.71% 5.06% 5.20% 5.48%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.43 1.40 1.37 1.43 1.85 1.68 2.26 2.08 1.89 1.89 1.78
Quick Ratio
0.83 0.83 0.84 0.85 1.34 1.18 1.76 1.52 1.34 1.20 1.19
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
315 3,728 -3,202 -536 483 -4,406 -137 592 1,719 5,838 5,057
Operating Cash Flow to CapEx
543.51% 392.04% 527.18% 493.73% 597.59% 378.27% 477.71% 585.41% 731.95% 861.36% 725.63%
Free Cash Flow to Firm to Interest Expense
4.37 61.11 -36.80 -8.24 7.43 -51.84 -1.96 9.11 26.05 102.42 120.41
Operating Cash Flow to Interest Expense
18.04 33.10 17.39 21.80 26.75 19.05 23.89 29.63 29.50 44.58 47.86
Operating Cash Flow Less CapEx to Interest Expense
14.72 24.66 14.09 17.38 22.28 14.01 18.89 24.57 25.47 39.40 41.26
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.29 0.29 0.28 0.29 0.28 0.28 0.25 0.28 0.30 0.32 0.33
Accounts Receivable Turnover
6.92 6.40 6.16 6.29 6.17 5.95 4.88 5.29 5.71 6.10 6.18
Inventory Turnover
3.70 3.93 3.38 3.28 3.28 3.68 2.75 2.90 3.02 3.78 3.47
Fixed Asset Turnover
4.93 5.00 5.19 5.34 5.50 5.78 5.24 5.79 6.32 7.11 7.23
Accounts Payable Turnover
5.64 5.50 5.53 5.33 5.25 5.44 4.21 4.26 4.40 4.73 4.79
Days Sales Outstanding (DSO)
52.75 57.02 59.25 58.05 59.14 61.30 74.73 69.04 63.90 59.82 59.03
Days Inventory Outstanding (DIO)
98.52 92.94 107.87 111.30 111.37 99.23 132.95 126.06 120.71 96.57 105.23
Days Payable Outstanding (DPO)
64.72 66.42 66.02 68.46 69.47 67.07 86.76 85.64 82.99 77.24 76.18
Cash Conversion Cycle (CCC)
86.55 83.54 101.10 100.89 101.04 93.46 120.93 109.47 101.62 79.14 88.08
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
65,341 63,477 66,202 64,538 64,579 66,028 62,198 63,024 63,939 60,405 61,090
Invested Capital Turnover
0.37 0.37 0.37 0.37 0.37 0.38 0.34 0.37 0.39 0.43 0.42
Increase / (Decrease) in Invested Capital
762 -2,551 4,004 1,514 640 5,623 1,108 345 -484 -4,362 -3,417
Enterprise Value (EV)
161,615 179,732 213,829 199,702 195,464 182,751 191,989 187,621 196,738 206,879 202,236
Market Capitalization
147,123 165,798 198,926 185,061 184,327 170,209 182,198 176,313 182,609 191,521 186,463
Book Value per Share
$71.15 $68.59 $71.03 $67.37 $72.16 $72.38 $70.98 $70.09 $68.37 $66.51 $62.30
Tangible Book Value per Share
($13.56) ($13.18) ($14.85) ($14.11) ($9.85) ($12.00) ($7.50) ($9.73) ($13.76) ($11.93) ($17.73)
Total Capital
67,334 65,555 68,829 66,912 71,610 71,892 74,475 71,599 71,318 69,767 66,240
Total Debt
16,477 16,005 17,524 17,010 18,163 18,402 22,060 19,875 19,832 19,677 19,247
Total Long-Term Debt
15,976 15,500 16,324 16,309 16,417 16,707 19,513 18,285 18,261 19,086 18,542
Net Debt
14,484 13,927 14,897 14,636 11,132 12,538 9,783 11,300 12,453 13,682 14,097
Capital Expenditures (CapEx)
239 515 287 287 291 428 350 329 266 295 277
Debt-free, Cash-free Net Working Capital (DFCFNWC)
1,388 1,126 1,294 1,235 1,309 1,494 2,108 2,072 1,994 2,090 1,803
Debt-free Net Working Capital (DFNWC)
3,381 3,204 3,921 3,609 8,340 7,358 14,385 10,647 9,373 8,085 6,953
Net Working Capital (NWC)
2,880 2,699 2,721 2,908 6,594 5,663 11,838 9,057 7,802 7,494 6,248
Net Nonoperating Expense (NNE)
123 91 -16 71 35 138 -158 -169 -215 -756 68
Net Nonoperating Obligations (NNO)
14,484 13,927 14,897 14,636 11,132 12,538 9,783 11,300 12,453 10,315 14,097
Total Depreciation and Amortization (D&A)
591 595 591 580 611 566 533 540 535 475 540
Debt-free, Cash-free Net Working Capital to Revenue
5.83% 4.72% 5.45% 5.24% 5.51% 6.25% 10.03% 8.98% 8.01% 7.84% 6.78%
Debt-free Net Working Capital to Revenue
14.19% 13.42% 16.52% 15.31% 35.14% 30.80% 68.42% 46.16% 37.64% 30.35% 26.14%
Net Working Capital to Revenue
12.09% 11.30% 11.46% 12.34% 27.78% 23.70% 56.30% 39.27% 31.33% 28.13% 23.49%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$1.33 $1.49 $1.13 $1.23 $1.47 $1.47 $1.53 $1.33 $1.74 $2.71 $1.89
Adjusted Weighted Average Basic Shares Outstanding
716.30M 731M 723M 737.60M 740.60M 736.50M 739.40M 829.98M 821.08M 816.24M 820.07M
Adjusted Diluted Earnings per Share
$1.32 $1.49 $1.12 $1.22 $1.45 $1.47 $1.51 $1.32 $1.72 $2.71 $1.87
Adjusted Weighted Average Diluted Shares Outstanding
720.80M 737.20M 729.40M 742.40M 748.60M 743.10M 745.90M 838.31M 829.86M 829.75M 830.09M
Adjusted Basic & Diluted Earnings per Share
$0.00 $1.49 $0.00 $0.00 $0.00 $1.47 $0.00 $0.00 $0.00 $2.71 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
715.67M 714.71M 722.28M 722.21M 740.69M 739.70M 738.93M 831.16M 830.65M 820.16M 819.47M
Normalized Net Operating Profit after Tax (NOPAT)
1,077 1,177 802 978 1,123 1,217 971 937 1,235 801 1,640
Normalized NOPAT Margin
18.75% 18.00% 13.83% 17.03% 19.38% 18.99% 17.27% 15.85% 20.76% 22.62% 21.41%
Pre Tax Income Margin
19.67% 20.11% 16.85% 18.86% 21.93% 19.24% 20.39% 19.32% 25.60% 29.57% 25.20%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
16.60 22.33 12.18 17.06 19.63 14.12 16.26 17.66 23.35 18.86 46.76
NOPAT to Interest Expense
14.95 19.29 9.22 15.05 17.28 14.31 13.87 14.41 18.71 25.90 39.06
EBIT Less CapEx to Interest Expense
13.28 13.89 8.89 12.65 15.15 9.08 11.26 12.60 19.32 13.68 40.17
NOPAT Less CapEx to Interest Expense
11.63 10.85 5.92 10.63 12.80 9.28 8.87 9.35 14.68 20.72 32.46
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
20.85% 19.70% 30.83% 28.62% 27.74% 17.23% 13.93% 13.03% 11.98% 11.35% 11.91%
Augmented Payout Ratio
208.29% 173.04% 30.83% 28.62% 27.74% 17.23% 13.93% 13.03% 11.98% 11.35% 11.91%

Frequently Asked Questions About Danaher's Financials

When does Danaher's financial year end?

According to the most recent income statement we have on file, Danaher's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Danaher's net income changed over the last 9 years?

Danaher's net income appears to be on an upward trend, with a most recent value of $3.90 billion in 2024, rising from $3.36 billion in 2015. The previous period was $4.76 billion in 2023. View Danaher's forecast to see where analysts expect Danaher to go next.

What is Danaher's operating income?
Danaher's total operating income in 2024 was $4.86 billion, based on the following breakdown:
  • Total Gross Profit: $14.21 billion
  • Total Operating Expenses: $9.34 billion
How has Danaher revenue changed over the last 9 years?

Over the last 9 years, Danaher's total revenue changed from $14.43 billion in 2015 to $23.88 billion in 2024, a change of 65.4%.

How much debt does Danaher have?

Danaher's total liabilities were at $27.99 billion at the end of 2024, a 9.7% decrease from 2023, and a 14.4% increase since 2015.

How much cash does Danaher have?

In the past 9 years, Danaher's cash and equivalents has ranged from $630.30 million in 2017 to $19.91 billion in 2019, and is currently $2.08 billion as of their latest financial filing in 2024.

How has Danaher's book value per share changed over the last 9 years?

Over the last 9 years, Danaher's book value per share changed from 34.57 in 2015 to 68.59 in 2024, a change of 98.4%.



This page (NYSE:DHR) was last updated on 5/29/2025 by MarketBeat.com Staff
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