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Danaher CorporationStock · Industrials
$197.93+$4.21 (+2.17%)as of market close, Jul 2, 2026
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How Danaher makes money

Fiscal year

How does Danaher make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Danaher Corporation · FY2025 · year ended 2025-12-31
Revenue$24.6BGross profit$14.5B · 59%Cost of revenue$10.0B · 41%Operating income$4.7B · 19%Operating expenses$9.8B · 40%R&D$1.6B · 7%SG&A$8.2B · 34%Pre-tax income$4.2B · 17%Other expense$443M · 2%Net income$3.6B · 15%Income tax$633M · 3%Revenuefrom Contractwith Customer Measurement Recurring$20.1B · 82%Revenuefrom Contractwith Customer Measurement Nonrecurring$4.4B · 18%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.