Stocks Industrials DHR
NYSE · IndustrialsDanaher Corp (DHR)
Danaher Corp brought in $25.6B of revenue over the twelve months to September 25, 2026, up 5.5% from a year earlier. Net income was $4.3B, a net margin of 16.9%. Operating cash flow minus capital spending left $5.3B of free cash flow in fiscal 2025. At September 25, 2026 it held $5.7B in cash against $26.5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 21, 2026.
Key facts about Danaher Corp
- Net worth
- Danaher Corp has a market value (market cap) of $166B at the latest share price, and shareholders' equity of $53.6B on its balance sheet at September 25, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $24.6B (+2.9% year on year), with net income of $3.6B. Over the 12 months to September 25, 2026: revenue $25.6B, net income $4.3B.
- Cash flow
- In fiscal 2025 operations brought in $6.4B of cash; after $1.2B of capital spending, free cash flow was $5.3B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 21, 2026 and covers the period to September 25, 2026. Open on SEC EDGAR
- Next earnings report
- Danaher Corp's next report is expected around January 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Danaher Corp does
Danaher designs, manufactures, and markets medical, diagnostic, and life sciences equipment and consumables. Its products assist in disease diagnosis, biopharmaceutical research, and clinical laboratory testing. Customers include hospitals, medical laboratories, universities, and pharmaceutical companies. Its shares trade on NYSE under the ticker DHR.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $24.6B | $3.6B | $5.05 | $5.3B |
| 2024 | $23.9B | $3.9B | $5.29 | $5.3B |
| 2023 | $23.9B | $4.8B | $6.38 | $5.8B |
| 2022 | $26.6B | $7.2B | $9.66 | $7.4B |
| 2021 | $24.8B | $6.4B | $8.61 | $7.1B |
| 2020 | $22.3B | $3.6B | $4.89 | $5.4B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where DHR ranks in Industrials
Dividends
It paid out $878M in cash dividends, 24% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $878M | 24% |
| 2024 | n/a | $768M | 20% |
| 2023 | n/a | $821M | 17% |
| 2022 | n/a | $818M | 11% |
| 2021 | n/a | $742M | 12% |
| 2020 | n/a | $615M | 17% |
Latest SEC filings
What Danaher Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Passive stake (5% or more) SCHEDULE 13G
- October 21, 2026
- October 21, 2026Quarterly report 10-Q · period to September 25, 2026Revenue rose 8.3% to $6.6B versus the same quarter last year; diluted EPS $1.75 versus $1.27.
- October 13, 2026
- September 30, 2026Delisting notice 25-NSE
- August 3, 2026
- July 21, 2026
- July 21, 2026Quarterly report 10-Q · period to June 26, 2026Revenue rose 5.5% to $6.3B versus the same quarter last year; diluted EPS $1.23 versus $0.77.
- June 16, 2026
- June 9, 2026
What is DHR worth? A DCF from its reported cash flow
Insider trades
What the people running Danaher Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $21.5M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 28, 2026 | McGrew MatthewExecutive Vice President | Sold | 14,151 | $3.3M |
| October 28, 2026 | McGrew MatthewExecutive Vice President | Exercised options | 15,603 | $1.2M |
| October 28, 2026 | McGrew MatthewExecutive Vice President | Sold | 15,603 | $3.7M |
| October 28, 2026 | Bouda ChristopherVP, Chief Accounting Officer | Exercised options | 4,345 | $307.4K |
| October 28, 2026 | Bouda ChristopherVP, Chief Accounting Officer | Sold | 4,345 | $1M |
| October 28, 2026 | Bouda ChristopherVP, Chief Accounting Officer | Exercised options | 3,253 | $230.1K |
| October 28, 2026 | Bouda ChristopherVP, Chief Accounting Officer | Sold | 3,253 | $763.1K |
| October 9, 2026 | Rales Steven MChairman, Director | Other change | 500,000 | - |
Who owns DHR
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 6.69% | April 29, 2026 |
| Fmr LLC13G, passive with 1 related filers | 5.6% | November 5, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,105 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 55,084,630 | +3,444,011 |
| Vanguard Capital Management LLC | 41,377,076 | +249,266 |
| Fmr LLC | 29,540,895 | +7,006,566 |
| State Street Corp | 28,456,019 | +561,838 |
| Wellington Management Group Llp | 16,316,834 | +1,542,310 |
| Capital International Investors | 15,504,420 | +1,489,707 |
| Geode Capital Management, LLC | 14,280,335 | +134,577 |
| Vanguard Portfolio Management LLC | 14,205,213 | +250,508 |
| Jpmorgan Chase & Co | 12,185,400 | -4,732,249 |
| Morgan Stanley | 11,348,958 | +139,718 |
| Capital Research Global Investors | 10,818,030 | +1,920,257 |
| Norges Bank | 9,537,906 | new |
| Eagle Capital Management LLC | 9,361,490 | +2,786,331 |
| Jupiter Topco LLC | 7,645,709 | new |
| Northern Trust Corp | 6,925,441 | -155,460 |
| Generation Investment Management Llp | 6,761,596 | -512,799 |
| Goldman Sachs Group Inc | 5,364,861 | +755,573 |
| Nuveen, LLC | 5,242,679 | -92,076 |
| Bank of America Corp | 5,217,586 | -1,034,530 |
| Arrowstreet Capital, Limited Partnership | 5,163,059 | +1,523,429 |
Insiders
22 insiders reported holding 4,443,571 shares in total, about $1.05B at the last price.
| Holder | Shares |
|---|---|
| Rales Steven MChairman, Director | 3,105,808 |
| Rales Mitchell PChairman of Exec. Committee, Director | 831,580778,352 held indirectly |
| Spoon Alan GDirector | 124,774 |
| Riley Christopher PaulExecutive Vice President | 61,472 |
| Zerhouni Elias A.Director | 45,303 |
| Blair RainerPresident & CEO, Director | 37,988 |
| Gutierrez-Ramos Jose-CarlosSVP, Chief Science Officer | 32,495 |
| Filler LindaDirector | 26,829 |
| Milosevich Gregory MExecutive Vice President | 24,467 |
| Sawyer Montgomery Julie AExecutive Vice President | 22,221 |
Questions about DHR
What does Danaher Corp do?
Danaher designs, manufactures, and markets medical, diagnostic, and life sciences equipment and consumables. Its products assist in disease diagnosis, biopharmaceutical research, and clinical laboratory testing. Customers include hospitals, medical laboratories, universities, and pharmaceutical companies. Its shares trade on NYSE under the ticker DHR.
What is Danaher Corp's net worth?
Danaher Corp has a market value (market cap) of $166B at the latest share price, and shareholders' equity of $53.6B on its balance sheet at September 25, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Danaher Corp profitable?
Yes. Over the twelve months to September 25, 2026 it reported net income of $4.3B on revenue of $25.6B, a net margin of 16.9%.
How much revenue does Danaher Corp make?
Over the twelve months to September 25, 2026 Danaher Corp reported revenue of $25.6B. That is 5.5% more than a year earlier.
When did Danaher Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 21, 2026. It covers the period to September 25, 2026. Its newest filing of any kind is the planned insider sale from November 9, 2026.
When is Danaher Corp's next earnings report?
Danaher Corp's next report is expected around January 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Danaher Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.