Danaher Corp. (DHR)

Name: Danaher Corp. (DHR): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Danaher Corp. (DHR) reported revenue of $6.3 billion for Q2 FY2026, the quarter ended 26 June 2026, up 5.5% on the same quarter a year earlier. Net income was $870 million, up 56.8% on the year, and diluted earnings per share $1.23. The figures are the company's own, from the 10-Q it filed with the SEC on 21 July 2026.

Revenue$6.3 billionup 5.5%

Net income$870 millionup 56.8%

Diluted EPS$1.23

QuarterQ2 FY2026ended 26 June 2026

Ratios

From the filings

ROE7.6%

ROCE6.5%

Operating margin20.4%

Net margin15.9%

FCF margin21.8%

Interest cover17.56

Debt to equity0.51

Cash conversion1.66

Share count, 1 year-1.8%

Sales CAGR, 3 years-2.7%

Profit CAGR, 3 years-20.6%

EPS, TTM$5.64

At the close of 21 September 2026

Price$215.84

Market cap$151.7 billion

Stock P/E38.27

Price to book2.89

EV / EBITDA22.71

Dividend yieldn/a

Market cap / sales6.04

52-week high$242.05

52-week low$161.91

Price, 1 year11.7%

Price CAGR, 3 years-4.6%

Price CAGR, 5 years-7.8%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Danaher Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on DHR

Filings	25 in twelve months: 13 current reports (8-K), about 5 results of operations; 4 officer or director change; 4 other events; 2 new financial obligation; 2 material agreement
Planned insider sales	12 Form 144 notices in twelve months, $286.7 million; latest 21 August 2026
Options tape	put/call 0.78 by open interest on 23 September 2026; the straddle prices a 2.4% move to 25 September 2026
Holders	19 of the followed funds hold it; largest FMR LLC; 3 Schedule 13D or 13G filings in twelve months
Insider trading	5 sales and 0 purchases on Form 4 in twelve months
Congress	0 House trades disclosed in six months
Short interest	9.6 million shares short, 2.83 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	6,873	6,405	5,796	5,743	5,798	6,538	5,741	5,936	6,053	6,838	5,951	6,265
Cost of revenue	2,873	1,070	2,309	2,315	2,397	2,648	2,230	2,413	2,530	2,872	2,360	2,654
Gross profit	4,000	3,779	3,487	3,428	3,401	3,890	3,511	3,523	3,523	3,966	3,591	3,611
Gross margin	58%	59%	60%	60%	59%	59%	61%	59%	58%	58%	60%	58%
R&D	417	239	368	391	383	442	379	403	378	438	387	412
SG&A	2,145	843	1,807	1,869	2,060	2,023	1,858	2,360	1,991	2,026	1,860	2,072
Operating income	1,438	1,337	1,312	1,168	958	1,425	1,274	760	1,154	1,502	1,344	1,127
Operating margin	21%	21%	23%	20%	17%	22%	22%	13%	19%	22%	23%	18%
Interest expense	73.0	n/a	65.0	65.0	87.0	61.0	72.0	71.0	67.0	55.0	63.0	107
Pre-tax income	1,397	457	1,271	1,083	977	1,315	1,129	655	1,076	1,373	1,235	1,078
Tax rate	19%	-17%	14%	16%	16%	17%	16%	15%	16%	14%	17%	19%
Net income	1,129	1,079	1,088	907	818	1,086	954	555	908	1,197	1,029	870
Net margin	16%	17%	19%	16%	14%	17%	17%	9%	15%	18%	17%	14%
Diluted EPS	$1.51	$1.45	$1.45	$1.22	$1.12	$1.50	$1.32	$0.77	$1.27	$1.69	$1.45	$1.23
Operating cash flow	1,672	1,619	1,739	1,417	1,513	2,019	1,299	1,338	1,662	2,117	1,322	1,534
Capital expenditure	365	402	291	287	298	516	245	248	292	371	237	269
Free cash flow	1,307	1,217	1,448	1,130	1,215	1,503	1,054	1,090	1,370	1,746	1,085	1,265
Buybacks	0.0	n/a	0.0	4,530	640	809	1,078	0.0	2,010	0.0	0.0	894
Dividends paid	199	200	177	200	196	195	194	229	229	226	226	283
Shares outstanding	739m	739m	741m	724m	722m	719m	716m	716m	706m	707m	708m	703m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020	FY2021 †	FY2022 †	FY2023	FY2024	FY2025	TTM
Revenue	12,867	14,434	16,882	18,330	19,893	17,911	22,284	24,802	26,643	23,890	23,875	24,568	25,107
Cost of revenue	6,017	6,663	7,548	6,948	7,544	7,927	9,809	9,563	10,455	9,856	9,669	10,045	10,416
Gross profit	6,850	7,771	9,335	8,571	9,505	9,984	12,475	15,239	16,188	14,034	14,206	14,523	14,691
Gross margin	53.2%	53.8%	55.3%	46.8%	47.8%	55.7%	56.0%	61.4%	60.8%	58.7%	59.5%	59.1%	58.5%
Research and development	769	861	975	956	1,059	1,126	1,348	1,498	1,528	1,503	1,584	1,598	1,615
Selling, general and administrative	4,035	4,748	5,624	5,043	5,391	5,588	6,896	6,817	7,124	7,329	7,759	8,235	7,949
Operating income	2,045	2,162	2,735	2,572	3,055	3,269	4,231	6,377	7,536	5,202	4,863	4,690	5,127
Operating margin	15.9%	15.0%	16.2%	14.0%	15.4%	18.3%	19.0%	25.7%	28.3%	21.8%	20.4%	19.1%	20.4%
Interest expense	94.7	140	184	140	137	108	275	231	204	286	278	265	292
Pre-tax income	2,086	2,039	2,611	2,543	2,962	3,305	4,495	6,511	7,146	5,044	4,646	4,233	4,762
Income tax	448	293	458	371	556	873	849	1,064	818	823	747	633	772
Effective tax rate	21.5%	14.4%	17.5%	14.6%	18.8%	26.4%	18.9%	16.3%	11.4%	16.3%	16.1%	15.0%	16.2%
Net income	2,598	3,357	2,554	2,492	2,651	3,008	3,646	6,433	7,209	4,764	3,899	3,614	4,004
Net margin	20.2%	23.3%	15.1%	13.6%	13.3%	16.8%	16.4%	25.9%	27.1%	19.9%	16.3%	14.7%	15.9%
Diluted EPS	$3.63	$4.74	$3.65	$3.53	$3.74	$4.05	$4.89	$8.61	$9.66	$6.38	$5.29	$5.05	$5.64
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020	FY2021 †	FY2022 †	FY2023	FY2024	FY2025	TTM
Operating cash flow	3,758	3,802	3,522	3,478	4,022	3,952	6,208	8,358	8,519	7,164	6,688	6,416	6,635
Capital expenditure	465	513	590	571	584	636	791	1,240	1,118	1,383	1,392	1,156	1,169
Free cash flow	3,293	3,289	2,932	2,907	3,438	3,316	5,417	7,118	7,401	5,781	5,296	5,260	5,466
Free cash flow margin	25.6%	22.8%	17.4%	15.9%	17.3%	18.5%	24.3%	28.7%	27.8%	24.2%	22.2%	21.4%	21.8%
Depreciation and amortisation	718	881	1,128	1,117	1,178	1,190	1,775	2,062	2,132	2,166	2,352	2,447	2,531
Share-based compensation	84.7	104	130	127	138	159	187	184	295	306	288	298	297
Buybacks	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	5,979	3,088	2,904
Dividends paid	228	354	400	378	433	527	615	742	818	821	768	878	964
Diluted shares, weighted	716m	708m	700m	706m	710m	726m	719m	737m	737m	743m	737m	716m	708m
Shares outstanding at period end	704m	687m	692m	697m	702m	696m	711m	715m	728m	739m	719m	707m	703m
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014 †	FY2015 †	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020	FY2021 †	FY2022 †	FY2023	FY2024	FY2025	TTM
Total assets	36,992	48,222	45,295	46,649	47,832	62,082	76,161	83,184	84,350	84,488	77,542	83,464	92,367
Cash and equivalents	3,006	791	964	630	788	19,912	6,035	2,586	5,995	5,864	2,078	4,615	4,348
Receivables	3,446	2,985	3,186	3,522	3,030	3,191	4,045	4,631	4,102	3,922	3,537	3,913	3,965
Inventory	1,783	1,573	1,709	1,841	1,631	1,628	2,292	2,767	2,765	2,594	2,330	2,489	3,260
Goodwill	11,575	21,015	23,827	21,769	22,581	22,712	35,420	38,682	37,276	41,608	40,497	43,151	47,414
Total debt, as filed	3,473	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Long-term debt	3,473	12,870	12,269	10,522	9,740	21,729	21,204	22,176	19,677	18,402	16,005	18,418	26,558
Operating lease liabilities	n/a	n/a	n/a	n/a	0.0	639	785	889	772	954	968	1,079	n/a
Shareholders' equity	23,378	23,690	23,003	26,358	28,214	30,271	39,766	45,167	50,082	53,486	49,543	52,534	52,581
Filing	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	5.5%	2.0%	-2.7%	4.6%
Profit growth, compounded	0.7%	-0.2%	-20.6%	17.3%
Return on equity, average	10.1%	10.5%	7.9%	6.9%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Industrial Instruments For Measurement, Display, And Control

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Danaher Corp. DHR	$151.7 billion	38.27	7.6%	20.4%	4.6%	0.51	n/a
Keysight Technologies, Inc. KEYS	$58.2 billion	46.85	19.2%	20.3%	25.5%	0.38	n/a
AMETEK Inc/ AME	$55.3 billion	35.27	14.0%	25.9%	12.7%	0.09	0.2%
Roper Technologies Inc. ROP	$36.1 billion	15.14	13.4%	28.0%	10.9%	0.57	0.9%
Fortive Corp. FTV	$16.8 billion	32.99	8.9%	16.9%	-15.9%	0.57	0.5%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	26 June 2026	21 July 2026	EDGAR
10-Q	27 March 2026	21 April 2026	EDGAR
10-K	31 December 2025	24 February 2026	EDGAR
10-Q	26 September 2025	21 October 2025	EDGAR
10-Q	27 June 2025	22 July 2025	EDGAR
10-Q	28 March 2025	22 April 2025	EDGAR
10-K	31 December 2024	20 February 2025	EDGAR
10-Q	27 September 2024	22 October 2024	EDGAR
10-Q	28 June 2024	23 July 2024	EDGAR
10-Q	29 March 2024	23 April 2024	EDGAR

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