DHR
$229.04-1.06%
as of close, Oct 16, 2026
☾ AH $229.04 -1.06%
Danaher CorporationStock · HealthcareS&P 500 Equal Weight 0.2%S&P 500 0.2%Russell 1000 0.2%US Stock Market 0.2%Russell 3000 0.2%MSCI World 0.1%MSCI ACWI 0.1%
DHR financial statements
The full income statement, balance sheet, and cash-flow statement for Danaher Corporation (DHR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 722.2M2024-09 722.3M2024-12 714.7M2025-03 715.7M2025-06 716.1M2025-09 706.3M2025-12 707.1M2026-03 707.8M2026-06 703.0M-2.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 24.6B+2.9% | 23.9B-0.1% | 23.9B-10.3% | 26.6B+7.4% | 24.8B+11.3% | |
| 14.5B+2.2% | 14.2B+1.2% | 14.0B-13.3% | 16.2B+6.2% | 15.2B+22.2% | ||
| Cost of revenue | 10.0B+3.9% | 9.67B-1.9% | 9.86B-5.7% | 10.5B+9.3% | 9.56B-2.5% | |
| Research & development | 1.60B+0.9% | 1.58B+5.4% | 1.50B-1.6% | 1.53B+2.0% | 1.50B+11.1% | |
| Selling, general & administrative | 8.23B+6.1% | 7.76B+5.9% | 7.33B+2.9% | 7.12B+4.5% | 6.82B-1.1% | |
| Amortization of intangibles | 1.70B+4.0% | 1.63B+9.4% | 1.49B+4.0% | 1.43B+3.3% | 1.39B+22.0% | |
| Provision for credit losses | 45.0M+21.6% | 37.0M-14.0% | 43.0M+115.0% | 20.0M-25.9% | 27.0M-12.9% | |
| Operating income | 4.69B-3.6% | 4.86B-6.5% | 5.20B-31.0% | 7.54B+18.2% | 6.38B+50.7% | |
| Interest expense | 265M-4.7% | 278M-2.8% | 286M+40.2% | 204M-11.7% | 231M-16.0% | |
| Interest & investment income | 30.0M-74.4% | 117M-61.4% | 303M+639.0% | 41.0M+272.7% | 11.0M-84.5% | |
| Other non-operating income | -222M-296.4% | -56.0M+68.0% | -175M+22.9% | -227M-150.4% | 450M-8.9% | |
| Pre-tax income | 4.23B-8.9% | 4.65B-7.9% | 5.04B-29.4% | 7.15B+9.8% | 6.51B+44.8% | |
| Income tax | 633M-15.3% | 747M-9.2% | 823M+0.6% | 818M-23.1% | 1.06B+25.3% | |
| 3.61B-7.3% | 3.90B-18.2% | 4.76B-33.9% | 7.21B+12.1% | 6.43B+76.4% | ||
| Income from continuing operations | 3.60B-7.7% | 3.90B-7.6% | 4.22B-33.3% | 6.33B+16.2% | 5.45B+49.4% | |
| Net income to common | 3.61B-7.3% | 3.90B-17.8% | 4.74B-33.2% | 7.10B+13.3% | 6.27B+78.6% | |
| $5.05-4.5% | $5.29-17.1% | $6.38-34.0% | $9.66+12.2% | $8.61+76.1% | ||
| EPS (basic) | $5.07-4.9% | $5.33-17.2% | $6.44-34.3% | $9.80+11.7% | $8.77+76.5% | |
| Weighted-avg shares (basic) | 713M-2.5% | 731M-0.7% | 737M+1.6% | 725M+1.5% | 715M+1.2% | |
| Weighted-avg shares (diluted) | 716M-2.9% | 737M-0.8% | 743M+0.8% | 737M+0.0% | 737M+2.5% | |
| Dividends per share | $1.24+15.5% | $1.07-3.2% | $1.11-1.1% | $1.12+8.2% | $1.04+20.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 12.8B+34.3% | 9.50B-31.9% | 13.9B-12.3% | 15.9B+36.4% | 11.6B-15.6% | ||
| Cash & equivalents | 4.62B+122.1% | 2.08B-64.6% | 5.86B-2.2% | 6.00B+131.8% | 2.59B-57.1% | |
| Accounts receivable | 3.91B+10.6% | 3.54B-9.8% | 3.92B-4.4% | 4.10B-11.4% | 4.63B+14.5% | |
| Inventory | 2.49B+6.8% | 2.33B-10.2% | 2.59B-6.2% | 2.77B-0.1% | 2.77B+20.7% | |
| Prepaid expenses | 1.74B+12.0% | 1.55B-0.3% | 1.56B-10.6% | 1.74B+4.6% | 1.66B+16.4% | |
| 83.5B+7.6% | 77.5B-8.2% | 84.5B+0.2% | 84.3B+1.4% | 83.2B+9.2% | ||
| Property, plant & equipment | 5.53B+10.8% | 4.99B+9.6% | 4.55B+22.8% | 3.71B+5.1% | 3.53B+8.2% | |
| Operating lease right-of-use | 1.20B+10.7% | 1.08B+3.0% | 1.05B+19.0% | 884M-15.1% | 1.04B+10.5% | |
| Goodwill | 43.2B+6.6% | 40.5B-2.7% | 41.6B+11.6% | 37.3B-3.6% | 38.7B+9.2% | |
| Intangible assets | 17.8B-4.0% | 18.6B-10.5% | 20.7B+4.7% | 19.8B-13.2% | 22.8B+7.3% | |
| Other non-current assets | 4.21B+5.5% | 3.99B+9.5% | 3.64B-12.4% | 4.16B+11.9% | 3.72B+55.3% | |
| 6.81B+0.1% | 6.80B-17.8% | 8.27B-1.4% | 8.39B+3.1% | 8.14B+10.0% | ||
| Accounts payable | 1.84B+5.2% | 1.75B-0.7% | 1.77B-4.8% | 1.86B-27.8% | 2.57B+25.4% | |
| Accrued liabilities | 4.96B+9.3% | 4.54B-5.7% | 4.81B-0.0% | 4.82B-13.4% | 5.56B+4.1% | |
| Deferred revenue | 1.35B+4.2% | 1.30B-11.3% | 1.47B+0.6% | 1.46B-9.7% | 1.61B+33.1% | |
| Short-term & current debt | 2.00B+296.0% | 505M-70.2% | 1.70B+186.8% | 591M+7287.5% | 8.00M-27.3% | |
| Current lease liability | 199M+15.0% | 173M-3.9% | 180M+7.8% | 167M-19.3% | 207M+9.5% | |
| Long-term debt | 18.4B+18.8% | 15.5B-7.2% | 16.7B-12.5% | 19.1B-13.9% | 22.2B+4.6% | |
| Deferred revenue (non-current) | 231M-0.4% | 232M-6.8% | 249M+12.7% | 221M+3.8% | 213M+3.9% | |
| Non-current lease liability | 1.08B+11.5% | 968M+1.5% | 954M+23.6% | 772M-13.2% | 889M+13.2% | |
| Operating lease liability (total) | 1.30B+13.9% | 1.14B+0.6% | 1.13B+20.8% | 939M-14.3% | 1.10B+12.5% | |
| Other non-current liabilities | 5.70B+0.1% | 5.69B-5.4% | 6.02B-7.4% | 6.50B-15.6% | 7.70B-1.2% | |
| 52.5B+6.0% | 49.5B-7.4% | 53.5B+6.8% | 50.1B+10.9% | 45.2B+13.6% | ||
| Preferred stock | — | — | 0.00-100.0% | 1.67B-49.0% | 3.27B+0.0% | |
| Common stock | 9.00M+0.0% | 9.00M+0.0% | 9.00M+0.0% | 9.00M+0.0% | 9.00M+0.0% | |
| Additional paid-in capital | 17.2B+2.8% | 16.7B+3.4% | 16.2B+33.9% | 12.1B+19.6% | 10.1B+4.0% | |
| Retained earnings | 46.9B+6.1% | 44.2B+7.6% | 41.1B+4.8% | 39.2B+19.4% | 32.8B+20.9% | |
| Treasury stock | 11.4B+39.1% | 8.16B+304.3% | 2.02B | — | — | |
| Accumulated other comprehensive income | -207M+93.6% | -3.22B-84.1% | -1.75B+39.1% | -2.87B-179.6% | -1.03B-179.1% | |
| Non-controlling interest | 7.00M+0.0% | 7.00M+75.0% | 4.00M-50.0% | 8.00M-20.0% | 10.0M-9.1% | |
| Total equity incl. non-controlling | 52.5B+6.0% | 49.5B-7.4% | 53.5B+6.8% | 50.1B+10.9% | 45.2B+13.6% | |
| Total liabilities & equity | 83.5B+7.6% | 77.5B-8.2% | 84.5B+0.2% | 84.3B+1.4% | 83.2B+9.2% | |
| Common shares issued | 887M+0.3% | 884M+0.4% | 881M+1.3% | 869M+1.6% | 856M+0.5% | |
| Common shares outstanding | 707M-1.7% | 719M-2.7% | 739M+1.5% | 728M+1.9% | 715M+0.6% | |
| Shares outstanding (cover) | 707M-1.1% | 715M-3.4% | 740M+1.5% | 729M+1.8% | 715M+0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.42B-4.1% | 6.69B-6.6% | 7.16B-15.9% | 8.52B+1.9% | 8.36B+34.6% | ||
| Depreciation & amortization | 2.45B+4.0% | 2.35B+8.6% | 2.17B+1.6% | 2.13B+3.4% | 2.06B+16.2% | |
| Intangible amortization | 1.70B+4.0% | 1.63B+9.4% | 1.49B+4.0% | 1.43B+3.3% | 1.39B+22.0% | |
| Share-based compensation | 298M+3.5% | 288M-5.9% | 306M+3.7% | 295M+60.3% | 184M-1.6% | |
| Change in receivables | 216M+165.3% | -331M-2.8% | -322M-182.8% | 389M-34.8% | 597M+126.1% | |
| Change in inventory | 58.0M+139.5% | -147M+20.5% | -185M-141.3% | 448M+4.9% | 427M+247.2% | |
| Change in payables | 9.00M-52.6% | 19.0M+112.8% | -149M-727.8% | -18.0M-103.7% | 484M+113.2% | |
| -1.20B+39.6% | -1.98B+72.0% | -7.08B-217.0% | -2.23B+82.8% | -13.0B+38.9% | ||
| Capital expenditure | 1.16B-17.0% | 1.39B+0.7% | 1.38B+23.7% | 1.12B-9.8% | 1.24B+56.8% | |
| Free cash flow | 5.26B-0.7% | 5.30B-8.4% | 5.78B-21.9% | 7.40B+4.0% | 7.12B+31.4% | |
| Acquisitions | 0.00-100.0% | 558M-90.1% | 5.61B+863.9% | 582M-94.7% | 10.9B-48.0% | |
| Purchases of investments | 127M-61.6% | 331M+92.4% | 172M-67.1% | 523M-43.5% | 925M+170.5% | |
| Sales/maturities of investments | 12.0M-95.3% | 253M+314.8% | 61.0M+238.9% | 18.0M-85.7% | 126M | |
| Proceeds from sale of PP&E | 33.0M+153.8% | 13.0M+8.3% | 12.0M+33.3% | 9.00M-30.8% | 13.0M+550.0% | |
| Other investing activities | -33.0M+2.9% | -34.0M+22.7% | -44.0M+13.7% | -51.0M-37.8% | -37.0M-54.2% | |
| -2.96B+64.7% | -8.38B-2971.4% | -273M+89.4% | -2.57B-298.5% | 1.29B+28.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 3.09B-48.4% | 5.98B | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 878M+14.3% | 768M-6.5% | 821M+0.4% | 818M+10.2% | 742M+20.7% | |
| Other financing activities | -125M+4.6% | -131M-95.5% | -67.0M+29.5% | -95.0M-493.8% | -16.0M-433.3% | |
| FX effect on cash | 278M+357.4% | -108M-283.1% | 59.0M+119.3% | -306M-166.1% | -115M-177.7% | |
| Net change in cash | 2.54B+167.0% | -3.79B-2790.1% | -131M-103.8% | 3.41B+198.8% | -3.45B+75.1% | |
| Interest paid | 331M-10.5% | 370M-5.6% | 392M+13.0% | 347M-23.2% | 452M+36.6% | |
| Income taxes paid | 1.20B-7.7% | 1.30B-27.8% | 1.80B+0.0% | 1.80B+5.9% | 1.70B+54.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 162B-1.3% | 164B-4.0% | 171B-0.2% | 171B-17.9% | 209B+48.8% | |
| P/E | 44.8×+6.5% | 42.1×+45.6% | 28.9×+14.1% | 25.3×-21.9% | 32.4×-15.7% | |
| P/S | 6.6×-4.1% | 6.9×-1.0% | 6.9×-6.7% | 7.4×-11.5% | 8.4×+33.7% | |
| P/B | 3.1×-6.9% | 3.3×+1.5% | 3.3×-10.5% | 3.6×-21.1% | 4.6×+31.0% | |
| P/FCF | 30.8×-0.7% | 31.0×+24.0% | 25.0×+3.9% | 24.1×-18.0% | 29.3×+13.2% | |
| Earnings yield | 2.2%-6.1% | 2.4%-31.3% | 3.5%-12.4% | 3.9%+28.1% | 3.1%+18.6% | |
| FCF yield | 3.2%+0.7% | 3.2%-19.3% | 4.0%-3.7% | 4.2%+21.9% | 3.4%-11.7% | |
| Dividend yield | 0.54%+15.9% | 0.47%-2.4% | 0.48%+0.6% | 0.48%+34.2% | 0.36%-18.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: DHR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DHR filings on SEC EDGAR → Not investment advice.