DHR Chart
About

Danaher Corporation designs, manufactures, and markets professional, medical, research, and industrial products and services in the United States, China, and internationally. It operates through Biotechnology, Life Sciences, and Diagnostics segments. The Biotechnology segment provides bioprocessing technologies, consumables, services, and solutions that advance, accelerate, and integrate the development and manufacture of therapeutics; cell line and cell culture media development services; cell culture media, process liquids and buffers for manufacturing, chromatography resins, filtration technologies, and aseptic fill finish; single-use hardware, consumables, and services, such as the design and installation of full manufacturing suites; lab filtration, separation, and purification; lab-scale protein purification and analytical tools; reagents, membranes, and services for diagnostic and assay development; and healthcare filtration solutions. The Life Sciences segment provides mass spectrometers; bioanalytical measurement systems; flow cytometry, genomics, lab automation, centrifugation, liquid handling automation instruments, antibodies, and particle counting and characterization; genome sample preparation; microscopes; protein consumables; filtration products; and genomic medicines, such as custom nucleic acid products, and plasmid DNA, RNA, and proteins under the ABCAM, ALDEVRON, BECKMAN COULTER, GENEDATA, IDT, LEICA MICROSYSTEMS, MOLECULAR DEVICES, PALL, PHENOMENEX, and SCIEX brands. The Diagnostics segment offers clinical instruments, consumables, software, and services in the areas of clinical chemistry, immunoassay, hematology, and microbiology for hospitals, physicians' offices, reference laboratories, and other critical care settings. The company was formerly known as Diversified Mortgage Investors, Inc. and changed its name to Danaher Corporation in 1984. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District Of Columbia.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Diagnostics & Research Market Cap 147.88B
Enterprise Value 161.69B Income 3.60B Sales 24.57B
Book/sh 74.32 Cash/sh 6.53 Dividend Yield 61.00%
Payout 25.45% Employees 60000 IPO —
P/E 41.67 Forward P/E 22.95 PEG —
P/S 6.02 P/B 2.81 P/C —
EV/EBITDA 22.66 EV/Sales 6.58 Quick Ratio 1.25
Current Ratio 1.87 Debt/Eq 35.05 LT Debt/Eq —
EPS (ttm) 5.02 EPS next Y 9.11 EPS Growth 12.50%
Revenue Growth 4.60% Earnings 2026-04-21 ROA 3.64%
ROE 7.05% ROIC — Gross Margin 59.11%
Oper. Margin 22.17% Profit Margin 14.71% Shs Outstand 706.90M
Shs Float 629.70M Short Float 1.14% Short Ratio 1.93
Short Interest — 52W High 242.80 52W Low 171.00
Beta 0.96 Avg Volume 3.84M Volume 2.15M
Target Price $264.91 Recom Strong_buy Prev Close $210.92
Price $209.19 Change -0.82%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$264.91
Mean price target
2. Current target
$209.19
Latest analyst target
3. DCF / Fair value
$109.94
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$209.19
Low
$220.00
High
$310.00
Mean
$264.91

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-29 main JP Morgan Overweight → Overweight $275
2026-01-29 main Jefferies Buy → Buy $265
2026-01-07 main TD Cowen Buy → Buy $270
2026-01-05 main Guggenheim Buy → Buy $275
2025-12-15 main Wells Fargo Equal-Weight → Equal-Weight $240
2025-12-09 init Goldman Sachs — → Buy $265
2025-12-02 init Morgan Stanley — → Overweight $270
2025-10-23 main Wells Fargo Equal-Weight → Equal-Weight $230
2025-10-22 main TD Cowen Buy → Buy $260
2025-10-22 main Barclays Overweight → Overweight $250
2025-10-08 down Rothschild & Co Buy → Neutral $220
2025-10-07 main Evercore ISI Group Outperform → Outperform $245
2025-09-22 main B of A Securities Buy → Buy $220
2025-07-23 main UBS Buy → Buy $225
2025-07-23 main Wells Fargo Equal-Weight → Equal-Weight $205
2025-07-23 reit Guggenheim Buy → Buy $250
2025-07-23 main Baird Outperform → Outperform $229
2025-07-18 main Baird Outperform → Outperform $226
2025-07-11 up Scotiabank Sector Perform → Sector Outperform $275
2025-07-08 main Evercore ISI Group Outperform → Outperform $226
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1320 274575 — Sale at price 208.01 per share. MILOSEVICH GREGORY M Officer — 2026-02-19 00:00:00 D
1 1320 77339 — Conversion of Exercise of derivative security at price 58.59 per share. MILOSEVICH GREGORY M Officer — 2026-02-19 00:00:00 D
2 1046 — — Stock Award(Grant) at price 0.00 per share. RILEY CHRISTOPHER PAUL Officer — 2026-02-04 00:00:00 D
3 848 — — Stock Award(Grant) at price 0.00 per share. SAWYER MONTGOMERY JULIE A Officer — 2026-02-04 00:00:00 D
4 679 — — Stock Award(Grant) at price 0.00 per share. MILOSEVICH GREGORY M Officer — 2026-02-04 00:00:00 D
5 1695 — — Stock Award(Grant) at price 0.00 per share. ELLIS BRIAN W Officer — 2026-02-04 00:00:00 D
6 8474 — — Stock Award(Grant) at price 0.00 per share. BLAIR RAINER M Chief Executive Officer — 2026-02-04 00:00:00 D
7 1695 — — Stock Award(Grant) at price 0.00 per share. GUTIERREZ-RAMOS JOSE-CARLOS Officer — 2026-02-04 00:00:00 D
8 2684 — — Stock Award(Grant) at price 0.00 per share. MCGREW MATTHEW Chief Financial Officer — 2026-02-04 00:00:00 D
9 1413 — — Stock Award(Grant) at price 0.00 per share. COUCHARA GEORGEANN F. Officer — 2026-02-04 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-9.18M-29.67M-30.89M48.90M
TaxRateForCalcs0.160.160.110.16
NormalizedEBITDA7.33B7.68B9.75B8.50B
TotalUnusualItems-57.00M-182.00M-271.00M300.00M
TotalUnusualItemsExcludingGoodwill-57.00M-182.00M-271.00M300.00M
NetIncomeFromContinuingOperationNetMinorityInterest3.90B4.22B6.33B5.45B
ReconciledDepreciation2.35B2.17B2.13B2.06B
ReconciledCostOfRevenue9.67B9.86B10.46B9.56B
EBITDA7.28B7.50B9.48B8.80B
EBIT4.92B5.33B7.35B6.74B
NetInterestIncome-161.00M17.00M-163.00M-220.00M
InterestExpense278.00M286.00M204.00M231.00M
InterestIncome117.00M303.00M41.00M11.00M
NormalizedIncome3.95B4.37B6.57B5.20B
NetIncomeFromContinuingAndDiscontinuedOperation3.90B4.76B7.21B6.43B
TotalExpenses19.01B18.69B19.11B18.41B
TotalOperatingIncomeAsReported4.86B5.20B7.54B6.38B
DilutedAverageShares716.10M737.20M743.10M737.10M
BasicAverageShares712.70M731.00M736.50M725.10M
DilutedEPS5.055.296.389.66
BasicEPS5.075.336.449.80
DilutedNIAvailtoComStockholders3.90B4.74B7.10B6.27B
NetIncomeCommonStockholders3.90B4.74B7.10B6.27B
PreferredStockDividends21.00M106.00M164.00M
NetIncome3.90B4.76B7.21B6.43B
NetIncomeIncludingNoncontrollingInterests3.90B4.76B7.21B6.43B
NetIncomeDiscontinuousOperations0.00543.00M881.00M986.00M
NetIncomeContinuousOperations3.90B4.22B6.33B5.45B
TaxProvision747.00M823.00M818.00M1.06B
PretaxIncome4.65B5.04B7.15B6.51B
OtherIncomeExpense-56.00M-175.00M-227.00M344.00M
OtherNonOperatingIncomeExpenses1.00M7.00M44.00M44.00M
SpecialIncomeCharges-108.00M0.00-101.00M
GainOnSaleOfBusiness0.000.005.00M
OtherSpecialCharges96.00M
WriteOff108.00M91.00M10.00M
GainOnSaleOfSecurity-57.00M-182.00M-271.00M401.00M
NetNonOperatingInterestIncomeExpense-161.00M17.00M-163.00M-220.00M
InterestExpenseNonOperating278.00M286.00M204.00M231.00M
InterestIncomeNonOperating117.00M303.00M41.00M11.00M
OperatingIncome4.86B5.20B7.54B6.39B
OperatingExpense9.34B8.83B8.65B8.85B
OtherOperatingExpenses547.00M
ResearchAndDevelopment1.58B1.50B1.53B1.50B
SellingGeneralAndAdministration7.76B7.33B7.12B6.81B
GrossProfit14.21B14.03B16.19B15.24B
CostOfRevenue9.67B9.86B10.46B9.56B
TotalRevenue23.88B23.89B26.64B24.80B
OperatingRevenue23.88B23.89B26.64B24.80B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber165.20M141.30M141.00M140.70M
PreferredSharesNumber1.72M1.72M1.72M3.37M
OrdinarySharesNumber719.10M739.20M728.30M715.00M
ShareIssued884.30M880.50M869.30M855.70M
NetDebt13.93B12.54B13.68B19.59B
TotalDebt17.15B19.54B20.62B23.27B
TangibleBookValue-9.52B-8.87B-8.68B-22.13B
InvestedCapital65.55B71.89B68.09B64.08B
WorkingCapital2.70B5.66B7.49B3.51B
NetTangibleAssets-9.52B-8.87B-7.01B-18.86B
CapitalLeaseObligations1.14B1.13B939.00M1.10B
CommonStockEquity49.54B53.49B48.41B41.90B
PreferredStockEquity1.67B3.27B
TotalCapitalization65.04B70.19B69.17B67.33B
TotalEquityGrossMinorityInterest49.55B53.49B50.09B45.18B
MinorityInterest7.00M4.00M8.00M10.00M
StockholdersEquity49.54B53.49B50.08B45.17B
GainsLossesNotAffectingRetainedEarnings-3.22B-1.75B-2.87B-1.03B
OtherEquityAdjustments-3.22B-1.75B-2.87B-1.03B
TreasuryStock8.16B2.02B
RetainedEarnings44.19B41.07B39.20B32.83B
AdditionalPaidInCapital16.73B16.17B12.07B10.09B
CapitalStock9.00M9.00M1.68B3.28B
CommonStock9.00M9.00M9.00M9.00M
PreferredStock0.000.001.67B3.27B
TotalLiabilitiesNetMinorityInterest27.99B31.00B34.26B38.01B
TotalNonCurrentLiabilitiesNetMinorityInterest21.19B22.72B25.87B29.87B
OtherNonCurrentLiabilities214.00M228.00M261.00M219.00M
LiabilitiesHeldforSaleNonCurrent0.00287.00M
EmployeeBenefits849.00M798.00M690.00M1.15B
NonCurrentPensionAndOtherPostretirementBenefitPlans560.00M544.00M492.00M876.00M
TradeandOtherPayablesNonCurrent3.42B3.78B4.55B5.23B
NonCurrentDeferredLiabilities232.00M249.00M221.00M213.00M
NonCurrentDeferredRevenue232.00M249.00M221.00M213.00M
LongTermDebtAndCapitalLeaseObligation16.47B17.66B19.86B23.06B
LongTermCapitalLeaseObligation968.00M954.00M772.00M889.00M
LongTermDebt15.50B16.71B19.09B22.17B
LongTermProvisions6.00M6.00M6.00M2.00M
CurrentLiabilities6.80B8.27B8.39B8.14B
OtherCurrentLiabilities1.08B1.17B2.23B1.30B
CurrentDeferredLiabilities1.30B1.47B1.46B1.61B
CurrentDeferredRevenue1.30B1.47B1.46B1.61B
CurrentDebtAndCapitalLeaseObligation678.00M1.88B758.00M215.00M
CurrentCapitalLeaseObligation173.00M180.00M167.00M207.00M
CurrentDebt505.00M1.70B591.00M8.00M
OtherCurrentBorrowings505.00M1.70B591.00M8.00M
PensionandOtherPostRetirementBenefitPlansCurrent1.16B1.18B1.22B1.44B
CurrentProvisions185.00M155.00M171.00M221.00M
PayablesAndAccruedExpenses2.40B2.42B2.55B3.35B
Payables2.40B2.42B2.55B3.35B
OtherPayable75.00M75.00M75.00M75.00M
TotalTaxPayable568.00M582.00M621.00M707.00M
AccountsPayable1.75B1.77B1.86B2.57B
TotalAssets77.54B84.49B84.35B83.18B
TotalNonCurrentAssets68.05B70.55B68.47B71.54B
OtherNonCurrentAssets3.99B3.64B7.66B3.72B
GoodwillAndOtherIntangibleAssets59.06B62.35B57.10B64.03B
OtherIntangibleAssets18.57B20.75B19.82B22.84B
Goodwill40.50B41.61B37.28B41.18B
NetPPE4.99B4.55B3.71B3.79B
AccumulatedDepreciation-4.10B-3.83B-3.43B-3.46B
GrossPPE9.09B8.38B7.14B7.25B
OtherProperties1.88B1.79B1.67B1.77B
MachineryFurnitureEquipment4.43B4.11B3.48B3.61B
BuildingsAndImprovements2.55B2.27B1.79B1.68B
LandAndImprovements230.00M210.00M201.00M203.00M
Properties0.000.000.000.00
CurrentAssets9.50B13.94B15.88B11.65B
OtherCurrentAssets1.55B1.56B1.74B1.66B
AssetsHeldForSaleCurrent0.001.28B
PrepaidAssets1.66B
Inventory2.33B2.59B2.77B2.77B
FinishedGoods1.15B1.28B1.36B1.34B
WorkInProcess465.00M459.00M422.00M473.00M
RawMaterials720.00M853.00M984.00M951.00M
Receivables3.54B3.92B4.10B4.63B
AccountsReceivable3.54B3.92B4.10B4.63B
AllowanceForDoubtfulAccountsReceivable-113.00M-120.00M-92.00M-124.00M
GrossAccountsReceivable3.65B4.04B4.19B4.75B
CashCashEquivalentsAndShortTermInvestments2.08B5.86B6.00B2.59B
CashAndCashEquivalents2.08B5.86B6.00B2.59B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow5.30B5.78B7.40B7.12B
RepurchaseOfCapitalStock-5.98B0.000.000.00
RepaymentOfDebt-1.67B-620.00M-965.00M-1.28B
IssuanceOfDebt0.000.00984.00M
IssuanceOfCapitalStock162.00M68.00M31.00M86.00M
CapitalExpenditure-1.39B-1.38B-1.12B-1.24B
EndCashPosition2.08B5.86B6.00B2.59B
BeginningCashPosition5.86B6.00B2.59B6.04B
EffectOfExchangeRateChanges-108.00M59.00M-306.00M-115.00M
ChangesInCash-3.68B-190.00M3.71B-3.33B
FinancingCashFlow-8.38B-273.00M-2.57B1.29B
CashFlowFromContinuingFinancingActivities-8.38B-273.00M-2.57B1.29B
NetOtherFinancingCharges-131.00M2.53B-95.00M-16.00M
CashDividendsPaid-768.00M-1.25B-818.00M-742.00M
NetPreferredStockIssuance0.000.00
PreferredStockIssuance0.000.00
NetCommonStockIssuance-5.82B68.00M31.00M86.00M
CommonStockPayments-5.98B0.000.000.00
CommonStockIssuance162.00M68.00M31.00M86.00M
NetIssuancePaymentsOfDebt-1.67B-1.63B-1.69B1.97B
NetShortTermDebtIssuance5.00M-1.01B-723.00M2.27B
NetLongTermDebtIssuance-1.67B-620.00M-965.00M-298.00M
LongTermDebtPayments-1.67B-620.00M-965.00M-1.28B
LongTermDebtIssuance0.000.00984.00M
InvestingCashFlow-1.98B-7.08B-2.23B-12.99B
CashFromDiscontinuedInvestingActivities0.00-33.00M-89.00M-97.00M
CashFlowFromContinuingInvestingActivities-1.98B-7.05B-2.15B-12.89B
NetOtherInvestingChanges34.00M44.00M51.00M37.00M
NetInvestmentPurchaseAndSale-78.00M-111.00M-505.00M-799.00M
SaleOfInvestment253.00M61.00M18.00M126.00M
PurchaseOfInvestment-331.00M-172.00M-523.00M-925.00M
NetBusinessPurchaseAndSale-558.00M-5.61B-582.00M-10.90B
SaleOfBusiness0.0026.00M
PurchaseOfBusiness-558.00M-5.61B-582.00M-10.90B
NetPPEPurchaseAndSale-1.38B-1.37B-1.11B-1.23B
SaleOfPPE13.00M12.00M9.00M13.00M
PurchaseOfPPE-1.39B-1.38B-1.12B-1.24B
OperatingCashFlow6.69B7.16B8.52B8.36B
CashFromDiscontinuedOperatingActivities0.00674.00M906.00M935.00M
CashFlowFromContinuingOperatingActivities6.69B6.49B7.61B7.42B
ChangeInWorkingCapital-198.00M-470.00M-1.41B-561.00M
ChangeInOtherWorkingCapital-483.00M-1.20B-582.00M-102.00M
ChangeInPayablesAndAccruedExpense-467.00M-192.00M79.00M548.00M
ChangeInAccruedExpense-486.00M-43.00M97.00M64.00M
ChangeInPayable19.00M-149.00M-18.00M484.00M
ChangeInAccountPayable19.00M-149.00M-18.00M484.00M
ChangeInPrepaidAssets274.00M419.00M-73.00M17.00M
ChangeInInventory147.00M185.00M-448.00M-427.00M
ChangeInReceivables331.00M322.00M-389.00M-597.00M
ChangesInAccountReceivables331.00M322.00M-389.00M-597.00M
OtherNonCashItems25.00M8.00M601.00M
StockBasedCompensation288.00M306.00M295.00M184.00M
AssetImpairmentCharge265.00M77.00M0.00
DepreciationAmortizationDepletion2.35B2.17B2.13B2.06B
DepreciationAndAmortization2.35B2.17B2.13B2.06B
AmortizationCashFlow1.63B1.49B1.43B1.39B
AmortizationOfIntangibles1.63B1.49B1.43B1.39B
Depreciation721.00M675.00M698.00M674.00M
OperatingGainsLosses57.00M182.00M271.00M-310.00M
GainLossOnInvestmentSecurities57.00M182.00M271.00M
GainLossOnSaleOfBusiness182.00M271.00M-406.00M
NetIncomeFromContinuingOperations3.90B4.22B6.33B5.45B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for DHR
Date User Asset Broker Type Position Size Entry Price Patterns