Danaher Corporation income statement DHR

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Danaher Corporation reported revenue of $24.6 billion, up 2.9% from the year before. Net income was $3.6 billion, a profit margin of 14.7%. Operating income came to $4.7 billion, an operating margin of 19.1%. Diluted earnings per share were $5.05. Over the twelve months ended Sep 25, 2026, revenue was $25.6 billion and net income was $4.3 billion. Across the 10 fiscal years shown, revenue grew from $16.9 billion in fiscal 2016 to $24.6 billion in fiscal 2025, about 4.3% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2026
Sep 25, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
FY 2020
Dec 31, 2020
FY 2019
Dec 31, 2019
FY 2018
Dec 31, 2018
FY 2017
Dec 31, 2017
FY 2016
Dec 31, 2016
Revenue
25,608
+5.5%
24,568
+2.9%
23,875
-0.1%
23,890
-10.3%
26,643
+7.4%
24,802
+11.3%
22,284
+24.4%
17,911
+5.1%
17,049
-7.0%
18,330
+8.6%
16,882
+17.0%
Cost of revenue
10,603
+8.0%
10,045
+3.9%
9,669
-1.9%
9,856
-5.7%
10,455
+9.3%
9,563
-2.5%
9,809
+23.7%
7,927
+5.1%
7,544
+8.6%
6,948
-8.0%
7,548
+13.3%
Gross profit
15,005
+3.9%
14,523
+2.2%
14,206
+1.2%
14,034
-13.3%
16,188
+6.2%
15,239
+22.2%
12,475
+24.9%
9,984
+5.0%
9,505
+10.9%
8,571
-8.2%
9,335
+20.1%
Research and development
1,670
+4.2%
1,598
+0.9%
1,584
+5.4%
1,503
-1.6%
1,528
+2.0%
1,498
+11.1%
1,348
+19.7%
1,126
+6.3%
1,059
+10.7%
956
-1.9%
975
+13.2%
Selling, general and administrative
8,117
-1.4%
8,235
+6.1%
7,759
+5.9%
7,329
+2.9%
7,124
+4.5%
6,817
-1.1%
6,896
+23.4%
5,589
+3.7%
5,391
+6.9%
5,043
-10.3%
5,624
+18.5%
Operating expenses
9,787
-0.5%
9,833
+5.2%
9,343
+5.8%
8,832
+2.1%
8,652
—
8,244
+22.8%
6,715
6,450
5,999
-9.1%
6,599
+17.7%
Operating income
5,218
+13.1%
4,690
-3.6%
4,863
-6.5%
5,202
-31.0%
7,536
+18.2%
6,377
+50.7%
4,231
+29.4%
3,269
+7.0%
3,055
+18.8%
2,572
-6.0%
2,735
+26.5%
Interest income
132
+325.8%
30
-74.4%
117
-61.4%
303
+639.0%
41
+272.7%
11
-84.5%
71
-48.9%
139
+1444.4%
9
+20.0%
8
+3650.0%
0
-95.7%
Interest expense
360
+32.8%
265
-4.7%
278
—
—
—
—
—
—
—
—
Other non-operating income (expense)
-172
+13.1%
-222
-296.4%
-56
+68.0%
-175
+22.9%
-227
-150.4%
450
-8.9%
494
—
—
—
—
Pretax income
4,818
+15.4%
4,233
-8.9%
4,646
-7.9%
5,044
-29.4%
7,146
+9.8%
6,511
+44.8%
4,495
+36.0%
3,305
+11.6%
2,962
+16.5%
2,543
-2.6%
2,611
+28.0%
Income tax
529
-21.3%
633
-15.3%
747
-9.2%
823
+0.6%
818
-23.1%
1,064
+25.3%
849
-2.7%
873
+57.0%
556
+49.9%
371
-19.0%
458
+56.4%
Net income
4,331
+23.6%
3,614
-7.3%
3,899
-18.2%
4,764
-33.9%
7,209
+12.1%
6,433
+76.4%
3,646
+21.2%
3,008
+13.5%
2,651
+6.4%
2,492
-2.4%
2,554
-23.9%
Basic EPS
6.13
+25.5%
5.07
-4.9%
5.33
-17.2%
6.44
-34.3%
9.80
+11.7%
8.77
+76.5%
4.97
+20.9%
4.11
+8.7%
3.78
+5.6%
3.58
-3.0%
3.69
-23.3%
Diluted EPS
6.11
+25.7%
5.05
-4.5%
5.29
-17.1%
6.38
-34.0%
9.66
+12.2%
8.61
+76.1%
4.89
+20.7%
4.05
+8.3%
3.74
+5.9%
3.53
-3.3%
3.65
-23.0%
Weighted average shares, basic
706
-1.5%
713
-2.5%
731
-0.7%
736
+1.6%
725
+1.5%
715
+1.2%
706
-1.2%
715
+2.1%
701
+0.7%
696
+0.7%
691
-1.0%
Weighted average shares, diluted
709
-1.6%
716
-2.9%
737
-0.8%
743
+0.8%
737
+0.0%
737
+2.5%
719
-0.9%
726
+2.2%
710
+0.6%
706
+0.9%
700
-1.2%
Other measures
Depreciation and amortization
792
+6.7%
750
+4.0%
721
+6.8%
675
-3.3%
698
+3.6%
674
+5.8%
637
+12.9%
564
+0.4%
562
+4.4%
538
-1.3%
545
+12.6%
EBITDA
6,010
+12.2%
5,440
-2.6%
5,584
-5.0%
5,877
-28.6%
8,234
+16.8%
7,051
+44.8%
4,868
+27.0%
3,833
+6.0%
3,617
+16.3%
3,110
-5.2%
3,280
+24.0%
Interest coverage
14.49x
17.70x
17.49x
—
—
—
—
—
—
—
—
Margins
Gross margin
58.59%
59.11%
59.50%
58.74%
60.76%
61.44%
55.98%
55.74%
55.75%
46.76%
55.29%
Operating margin
20.38%
19.09%
20.37%
21.77%
28.29%
25.71%
18.99%
18.25%
17.92%
14.03%
16.20%
Pretax margin
18.81%
17.23%
19.46%
21.11%
26.82%
26.25%
20.17%
18.45%
17.37%
13.87%
15.47%
Profit margin
16.91%
14.71%
16.33%
19.94%
27.06%
25.94%
16.36%
16.79%
15.55%
13.60%
15.13%
EBITDA margin
23.47%
22.14%
23.39%
24.60%
30.90%
28.43%
21.85%
21.40%
21.22%
16.97%
19.43%
Effective tax rate
10.98%
14.95%
16.08%
16.32%
11.45%
16.34%
18.89%
26.41%
18.77%
14.59%
17.54%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry
Industrial Instruments For Measurement, Display, and Control (SIC 3823)
Listed as
DHR (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Washington, DC
SEC filer status
Large accelerated filer
SEC CIK
313616

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.