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Danaher vs Mks: revenue, profit, margins and growth compared

Danaher brought in $24.6B of revenue in fiscal 2025, Mks $3.9B in fiscal 2025. Revenue changed by +2.9% at Danaher and +9.6% at Mks on the year before, so Mks grew faster. Danaher kept 14.7% of its revenue as net profit, Mks 7.5%. Free cash flow was $5.3B at Danaher and $497M at Mks.

Side by side, latest fiscal year

DHRMKSI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$24.6B$3.9B
Revenue growth+2.9%+9.6%
Net income$3.6B$295M
Net margin14.7%7.5%
Free cash flow$5.3B$497M
Free cash flow margin21.4%12.6%
Earnings per share (diluted)$5.05$4.37
Cash$4.6B$418M
Debt$18.4B$4.2B
Price to earnings44.559.7
Market value$157.8B$17.6B
Dividend yieldn/a0.34%
Rank by revenue in sector#27 of 451 · Industrials#144 of 451 · Industrials

Over the years

Revenue
DHR FY2018: $19.9BDHR FY2019: $17.9BDHR FY2020: $22.3BDHR FY2021: $24.8BDHR FY2022: $26.6BDHR FY2023: $23.9BDHR FY2024: $23.9BDHR FY2025: $24.6BMKSI FY2018: $2.1BMKSI FY2019: $1.9BMKSI FY2020: $2.3BMKSI FY2021: $3BMKSI FY2022: $3.5BMKSI FY2023: $3.6BMKSI FY2024: $3.6BMKSI FY2025: $3.9BFY18FY19FY20FY21FY22FY23FY24FY25
DHR $24.6BMKSI $3.9B
Net income
DHR FY2018: $2.7BDHR FY2019: $3BDHR FY2020: $3.6BDHR FY2021: $6.4BDHR FY2022: $7.2BDHR FY2023: $4.8BDHR FY2024: $3.9BDHR FY2025: $3.6BMKSI FY2018: $392.9MMKSI FY2019: $140.4MMKSI FY2020: $350MMKSI FY2021: $551MMKSI FY2022: $333MMKSI FY2023: -$1.8BMKSI FY2024: $190MMKSI FY2025: $295MFY18FY19FY20FY21FY22FY23FY24FY25
DHR $3.6BMKSI $295M
Net margin
DHR FY2018: 13.3%DHR FY2019: 16.8%DHR FY2020: 16.4%DHR FY2021: 25.9%DHR FY2022: 27.1%DHR FY2023: 19.9%DHR FY2024: 16.3%DHR FY2025: 14.7%MKSI FY2018: 18.9%MKSI FY2019: 7.4%MKSI FY2020: 15.0%MKSI FY2021: 18.7%MKSI FY2022: 9.4%MKSI FY2023: -50.8%MKSI FY2024: 5.3%MKSI FY2025: 7.5%FY18FY19FY20FY21FY22FY23FY24FY25
DHR 14.7%MKSI 7.5%
Revenue growth
DHR FY2019: -10.0%DHR FY2020: +24.4%DHR FY2021: +11.3%DHR FY2022: +7.4%DHR FY2023: -10.3%DHR FY2024: -0.1%DHR FY2025: +2.9%MKSI FY2019: -8.4%MKSI FY2020: +22.6%MKSI FY2021: +26.6%MKSI FY2022: +20.2%MKSI FY2023: +2.1%MKSI FY2024: -1.0%MKSI FY2025: +9.6%FY19FY20FY21FY22FY23FY24FY25
DHR +2.9%MKSI +9.6%
Free cash flow
DHR FY2018: $3.4BDHR FY2019: $3.3BDHR FY2020: $5.4BDHR FY2021: $7.1BDHR FY2022: $7.4BDHR FY2023: $5.8BDHR FY2024: $5.3BDHR FY2025: $5.3BMKSI FY2018: $350.9MMKSI FY2019: $180.6MMKSI FY2020: $428MMKSI FY2021: $553MMKSI FY2022: $365MMKSI FY2023: $232MMKSI FY2024: $410MMKSI FY2025: $497MFY18FY19FY20FY21FY22FY23FY24FY25
DHR $5.3BMKSI $497M

Fiscal years as each company reports them; the two may end in different months.

Questions about Danaher and Mks

Which is bigger by revenue, Danaher or Mks?

Danaher is bigger by revenue: $24.6B in fiscal 2025, against $3.9B for Mks in fiscal 2025.

Which keeps more of its revenue as profit, Danaher or Mks?

Danaher had a net margin of 14.7% in fiscal 2025; Mks had 7.5% in fiscal 2025.

Which grew revenue faster, Danaher or Mks?

In their latest fiscal years revenue changed by +2.9% at Danaher and +9.6% at Mks.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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