Danaher Corporation

Health Care Life Sciences Tools & Services Washington, D.C. Last filing Feb 24, 2026 · FY2025

                    Revenue
                    FY2025
                
$24.6B
                    3y CAGR -2.7%
                    
                    P10
                    
                    +2.9%
                    
                    Net income
                    FY2025
                
$3.6B
                    Net margin +14.7%
                    
                    P63
                    
                    -7.3%
                    
                    Total assets
                    FY2025
                
$83.5B
                    ROA +4.3%
                    
                    P36
                    
                    +7.6%
                    
                    Operating cash flow
                    FY2025
                
$6.4B
                    FCF margin +21.4%
                    
                    P75
                    
                    -4.1%

19 yrs · FY2007–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 5 years

Total assets $83.5B

Total liabilities ~$30.9B

Shareholders equity $52.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+122.1%	-64.6%	-2.2%	+131.8%	—
Accounts Receivable	+10.6%	-9.8%	-4.4%	-11.4%	—
Inventory	+6.8%	-10.2%	-6.2%	-0.1%	—
Prepaid Expenses	+12.0%	-0.3%	-10.6%	+4.6%	—
Total Current Assets	+34.3%	-31.9%	-12.3%	+36.4%	—
Property,Plant and Equipment	+10.8%	+9.6%	+22.8%	-2.1%	—
Goodwill	+6.6%	-2.7%	+11.6%	-9.5%	—
Intangible Assets	-4.0%	-10.5%	+4.7%	-13.2%	—
Other Noncurrent Assets	+5.5%	+9.5%	-52.4%	+106.0%	—
Total Assets	+7.6%	-8.2%	+0.2%	+1.4%	—
Liabilities
Accounts Payable	+5.2%	-0.7%	-4.8%	-27.8%	—
Accrued Liabilities	+9.3%	-5.7%	-0.0%	-13.4%	—
Current Portion of Long Term Debt	-99.6%	-70.2%	+186.8%	+7287.5%	—
Total Current Liabilities	+0.1%	-17.8%	-1.4%	+3.1%	—
Long Term Debt	+18.8%	-7.2%	-12.5%	-13.9%	—
Other Noncurrent Liabilities	+0.1%	-5.4%	-11.3%	-11.9%	—
Equity
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+2.8%	+3.4%	+33.9%	+19.6%	—
Retained Earnings	+6.1%	+7.6%	+4.8%	+19.4%	—
Treasury Stock	+39.1%	+304.3%	—	—	—
Accumulated Other Comprehensive Income	+93.6%	-84.1%	+39.1%	-179.6%	—
Total Stockholders Equity	+6.0%	-7.4%	+6.8%	+10.9%	—
Noncontrolling Interest	+0.0%	+75.0%	-50.0%	-20.0%	—
Total Liabilitiesand Equity	+7.6%	-8.2%	+0.2%	+1.4%	—

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $24.6B

Operating income $4.7B

Net income $3.6B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+2.9%	-0.1%	-10.3%	+7.4%	—
Expenses Cost of Revenue	+3.9%	-1.9%	-5.7%	+9.3%	—
Other Income Expense Gross Profit	+2.2%	+1.2%	-13.3%	+6.2%	—
Expenses Research and Development	+0.9%	+5.4%	-1.6%	+2.0%	—
Expenses Selling,General and Administrative	+6.1%	+5.9%	+2.9%	+4.5%	—
Other Income Expense Operating Income	-3.6%	-6.5%	-31.0%	+18.2%	—
Other Income Expense Interest Income	-74.4%	-61.4%	+639.0%	+272.7%	—
Other Income Expense Interest Expense	-4.7%	-2.8%	+40.2%	-11.7%	—
Other Income Expense Other Income/expense	-296.4%	+68.0%	+22.9%	-164.1%	—
Other Income Expense Income Before Tax	-8.9%	-7.9%	-29.4%	+9.8%	—
Income Tax Income Tax Expense	-15.3%	-9.2%	+0.6%	-23.1%	—
net Income Other Items Below Tax	—	-100.0%	-32.6%	-5.7%	—
net Income net Income	-7.3%	-18.2%	-33.9%	+12.1%	—
net Income Comprehensive Income	+172.7%	-50.6%	-8.4%	-7.1%	—
Earnings Per Share Basic Eps	-4.9%	-17.2%	-34.3%	+11.7%	—
Earnings Per Share Diluted Eps	-4.5%	-17.1%	-34.0%	+12.2%	—
Earnings Per Share Weighted Average Shares Diluted	-2.9%	-0.8%	+0.8%	+0.0%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $6.4B

Investing cash flow $-1.2B

Financing cash flow $-3.0B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-7.3%	-18.2%	-33.9%	+12.1%	—
Operating Activities Depreciation and Amortization	+2.9%	+9.3%	+2.0%	+0.5%	—
Operating Activities Stock Based Compensation	+3.5%	-5.9%	+3.7%	+60.3%	—
Operating Activities Deferred Income Taxes	+8.9%	+59.9%	-106.9%	-470.6%	—
Operating Activities Changes In Operating Assets and Liabilities	-197.9%	-61.2%	+188.3%	-81.0%	—
Operating Activities Other Non Cash Items	+145.3%	-65.5%	-20.7%	+0.9%	—
Operating Activities net Cash From Operating Activities	-4.1%	-6.6%	-15.9%	+1.9%	—
Investing Activities Capital Expenditures	+17.0%	-0.7%	-23.7%	+9.8%	—
Investing Activities Business Acquisitions	+100.0%	+90.1%	-863.9%	+94.7%	—
Investing Activities Purchases of Investments	+61.6%	-92.4%	+67.1%	+43.5%	—
Investing Activities Proceeds From Sale of Investments	-95.3%	+314.8%	+238.9%	-85.7%	—
Investing Activities Other Investing Activities	+59.6%	+104.3%	+179.3%	+38.3%	—
Investing Activities net Cash From Investing Activities	+39.6%	+72.0%	-217.0%	+82.8%	—
Financing Activities Proceeds From Debt	—	—	—	—	—
Financing Activities Repayment of Debt	+70.1%	-170.0%	+35.8%	+24.7%	—
Financing Activities Repurchase of Common Stock	+48.4%	—	—	—	—
Financing Activities Dividends Paid	-14.3%	+6.5%	-0.4%	-10.2%	—
Financing Activities Proceeds From Stock Issuance	-47.5%	+138.2%	+119.4%	-64.0%	—
Financing Activities Other Financing Activities	-7.9%	-111.5%	+234.5%	-136.4%	—
Financing Activities net Cash From Financing Activities	+64.7%	-2971.4%	+89.4%	-298.5%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+357.4%	-283.1%	+119.3%	-166.1%	—
Cash Reconciliation net Change In Cash	+167.0%	-2790.1%	-103.8%	+198.8%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+59.1%	+59.5%	+58.7%	+60.8%	+61.4%
Operating margin	+19.1%	+20.4%	+21.8%	+28.3%	+25.7%
Net margin	+14.7%	+16.3%	+19.9%	+27.1%	+25.9%
FCF margin	+21.4%	+22.2%	+24.2%	+27.8%	+28.7%
Growth
Revenue CAGR (3y)	-2.7%	-1.3%	+2.3%	+14.2%	+13.3%
Returns
ROE	+6.9%	+7.9%	+8.9%	+14.4%	+14.2%
ROA	+4.3%	+5.0%	+5.6%	+8.5%	+7.7%
ROIC	+6.0%	+6.4%	+6.6%	+10.5%	+8.2%
Liquidity
Current ratio	1.87x	1.40x	1.68x	1.89x	1.43x
Quick ratio	1.25x	0.83x	1.18x	1.20x	0.89x
Leverage
D/E	0.59x	0.57x	0.58x	0.68x	0.84x
Interest coverage	17.70x	17.49x	18.19x	36.94x	27.61x
Efficiency
Asset turnover	0.29x	0.31x	0.28x	0.32x	0.30x
Cash conversion cycle	+82d	+76d	+91d	+88d	+76d

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FY2025 fundamentals · no price

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Danaher Corporation

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