Danaher Corporation (DHR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.95B | 6.84B | 6.05B | 5.94B | 5.74B | 6.54B | 5.8B | 5.74B | 5.8B | 6.41B | 5.62B | 7.16B | 5.95B | 7.13B | 7.66B | 7.75B | 7.69B | 8.15B | 7.23B | 7.22B |
| Revenue Growth % | 3.66% | 4.59% | 4.4% | 3.36% | -0.95% | 2.08% | 3.09% | -19.76% | -2.57% | -10.22% | -26.61% | -7.66% | -22.62% | -12.44% | 6% | 7.38% | 12.1% | 20.53% | 22.88% | 36.26% |
| Cost of Goods Sold | 2.36B | 2.87B | 2.53B | 1.98B | 2.21B | 2.65B | 2.4B | 2.31B | 2.31B | 2.63B | 2.35B | 3.12B | 2.29B | 2.91B | 3.08B | 3.03B | 2.98B | 3.21B | 2.87B | 2.82B |
| COGS % of Revenue | 39.66% | 42% | 41.8% | 33.37% | 38.58% | 40.5% | 41.34% | 40.31% | 39.84% | 41% | 41.77% | 43.54% | 38.44% | 40.76% | 40.18% | 39.09% | 38.8% | 39.33% | 39.7% | 39.08% |
| Gross Profit | 3.59B | 3.97B | 3.52B | 3.96B | 3.53B | 3.89B | 3.4B | 3.43B | 3.49B | 3.78B | 3.27B | 4.04B | 3.66B | 4.23B | 4.58B | 4.72B | 4.71B | 4.94B | 4.36B | 4.4B |
| Gross Margin % | 60.34% | 58% | 58.2% | 66.63% | 61.42% | 59.5% | 58.66% | 59.69% | 60.16% | 59% | 58.23% | 56.46% | 61.56% | 59.24% | 59.82% | 60.91% | 61.2% | 60.67% | 60.3% | 60.92% |
| Gross Profit Growth % | 1.84% | 1.95% | 3.59% | 15.37% | 1.12% | 2.94% | 3.85% | -15.17% | -4.78% | -10.58% | -28.56% | -14.4% | -22.17% | -14.51% | 5.16% | 7.37% | 10.63% | 25.01% | 35.14% | 54.14% |
| Operating Expenses | 2.25B | 2.46B | 2.37B | 2.76B | 2.24B | 2.14B | 2.44B | 2.26B | 2.17B | 2.37B | 2.09B | 2.61B | 2.15B | 2.23B | 2.57B | 2.52B | 2.53B | 2.79B | 2.48B | 2.39B |
| OpEx % of Revenue | 37.76% | 36.03% | 39.14% | 46.55% | 38.97% | 32.79% | 42.14% | 39.35% | 37.53% | 36.92% | 37.16% | 36.5% | 36.06% | 31.24% | 33.52% | 32.46% | 32.95% | 34.23% | 34.24% | 33.14% |
| Selling, General & Admin | 1.86B | 2.03B | 1.99B | 2.36B | 1.86B | 1.7B | 2.06B | 1.87B | 1.81B | 1.96B | 1.73B | 2.19B | 1.77B | 1.83B | 2.15B | 2.08B | 2.09B | 2.29B | 2.03B | 1.97B |
| SG&A % of Revenue | 31.26% | 29.63% | 32.89% | 39.76% | 32.36% | 26.03% | 35.53% | 32.54% | 31.18% | 30.57% | 30.73% | 30.66% | 29.79% | 25.64% | 28.04% | 26.9% | 27.21% | 28.15% | 28.14% | 27.24% |
| Research & Development | 387M | 438M | 378M | 403M | 379M | 442M | 383M | 391M | 368M | 407M | 362M | 418M | 373M | 400M | 420M | 431M | 441M | 495M | 441M | 426M |
| R&D % of Revenue | 6.5% | 6.41% | 6.24% | 6.79% | 6.6% | 6.76% | 6.61% | 6.81% | 6.35% | 6.35% | 6.44% | 5.84% | 6.27% | 5.61% | 5.48% | 5.56% | 5.74% | 6.08% | 6.1% | 5.9% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.34B | 1.5B | 1.15B | 1.19B | 1.29B | 1.75B | 958M | 1.17B | 1.31B | 1.41B | 1.19B | 1.43B | 1.52B | 2B | 2.02B | 2.21B | 2.17B | 2.15B | 1.88B | 2B |
| Operating Margin % | 22.58% | 21.97% | 19.06% | 20.08% | 22.45% | 26.71% | 16.52% | 20.34% | 22.64% | 22.08% | 21.07% | 19.97% | 25.5% | 27.99% | 26.3% | 28.45% | 28.25% | 26.44% | 26.06% | 27.78% |
| Operating Income Growth % | 4.27% | -13.97% | 20.46% | 2.05% | -1.75% | 23.48% | -19.16% | -18.26% | -13.51% | -29.19% | -41.19% | -35.19% | -30.16% | -7.29% | 6.95% | 9.98% | 8.22% | 34.54% | 71.02% | 137.39% |
| EBITDA | 1.54B | 2.13B | 1.78B | 1.8B | 1.88B | 2.34B | 1.55B | 1.75B | 1.9B | 1.91B | 1.67B | 1.99B | 2.05B | 2.47B | 2.56B | 2.76B | 2.74B | 2.74B | 2.44B | 2.53B |
| EBITDA Margin % | 25.83% | 31.08% | 29.34% | 30.37% | 32.75% | 35.81% | 26.72% | 30.44% | 32.75% | 29.77% | 29.77% | 27.82% | 34.49% | 34.65% | 33.34% | 35.57% | 35.6% | 33.64% | 33.73% | 35.05% |
| EBITDA Growth % | -18.24% | -9.23% | 14.65% | 3.15% | -0.95% | 22.76% | -7.47% | -12.2% | -7.5% | -22.86% | -34.48% | -27.78% | -25.03% | -9.81% | 4.8% | 8.97% | 9.09% | 29.93% | 53.03% | 91.42% |
| D&A (Non-Cash Add-back) | 193M | 623M | 622M | 611M | 591M | 595M | 591M | 580M | 586M | 493M | 489M | 562M | 535M | 475M | 540M | 552M | 565M | 587M | 554M | 525M |
| EBIT | 1.3B | 1.43B | 1.14B | 726M | 1.2B | 1.38B | 1.06B | 1.15B | 1.34B | 1.32B | 1.22B | 1.46B | 1.59B | 1.96B | 1.97B | 2.12B | 2.15B | 2.14B | 1.45B | 2.11B |
| Net Interest Income | -36M | -42M | -64M | -63M | -66M | -47M | -83M | -26M | -5M | 32M | 9M | -8M | -18M | -36M | -33M | -49M | -53M | -56M | -60M | -60M |
| Interest Income | 27M | 13M | 3M | 8M | 6M | 14M | 4M | 39M | 60M | 117M | 79M | 59M | 48M | 29M | 9M | 2M | 1M | 1M | 3M | 3M |
| Interest Expense | 63M | 55M | 67M | 71M | 72M | 61M | 87M | 65M | 65M | 85M | 70M | 67M | 66M | 65M | 42M | 51M | 54M | 57M | 63M | 63M |
| Other Income/Expense | -109M | -129M | -78M | -537M | -160M | -431M | 19M | -85M | -41M | -182M | -38M | -37M | 6M | -102M | -84M | -136M | -73M | -69M | -497M | 38M |
| Pretax Income | 1.24B | 1.37B | 1.08B | 655M | 1.13B | 1.31B | 977M | 1.08B | 1.27B | 1.23B | 1.15B | 1.39B | 1.52B | 1.9B | 1.93B | 2.07B | 2.1B | 2.08B | 1.39B | 2.04B |
| Pretax Margin % | 20.75% | 20.08% | 17.78% | 11.03% | 19.67% | 20.11% | 16.85% | 18.86% | 21.93% | 19.23% | 20.39% | 19.45% | 25.6% | 26.56% | 25.2% | 26.69% | 27.3% | 25.59% | 19.19% | 28.3% |
| Income Tax | 206M | 176M | 168M | 100M | 175M | 229M | 159M | 176M | 183M | 111M | 207M | 286M | 283M | -117M | 359M | 389M | 374M | 297M | 229M | 344M |
| Effective Tax Rate % | 16.68% | 12.82% | 15.61% | 15.27% | 15.5% | 17.41% | 16.27% | 16.25% | 14.4% | 9.01% | 18.05% | 20.55% | 18.58% | -6.17% | 18.59% | 18.8% | 17.82% | 14.24% | 16.51% | 16.84% |
| Net Income | 1.03B | 1.2B | 908M | 555M | 954M | 1.09B | 818M | 907M | 1.09B | 1.08B | 1.13B | 1.11B | 1.45B | 2.23B | 1.57B | 1.68B | 1.73B | 1.79B | 1.16B | 1.78B |
| Net Margin % | 17.29% | 17.51% | 15% | 9.35% | 16.62% | 16.61% | 14.11% | 15.79% | 18.77% | 16.85% | 20.07% | 15.45% | 24.37% | 31.29% | 20.51% | 21.67% | 22.44% | 21.94% | 16.02% | 24.73% |
| Net Income Growth % | 7.86% | 10.22% | 11% | -38.81% | -12.32% | 0.65% | -27.55% | -17.99% | -24.97% | -51.66% | -28.18% | -34.17% | -15.94% | 24.83% | 35.75% | -5.88% | 1.35% | 44.08% | 31.07% | 92.49% |
| Net Income (Continuing) | 1.03B | 1.2B | 908M | 555M | 954M | 1.09B | 818M | 907M | 1.09B | 1.12B | 940M | 1.11B | 1.24B | 2.01B | 1.57B | 1.68B | 1.73B | 1.79B | 1.16B | 1.7B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K |
| Minority Interest | 8M | 7M | 9M | 8M | 8M | 7M | 6M | 5M | 5M | 4M | 8M | 8M | 8M | 8M | 8M | 7M | 6M | 10M | 10M | 10M |
| EPS (Diluted) | 1.45 | 1.68 | 1.27 | 0.77 | 1.32 | 1.49 | 1.12 | 1.22 | 1.45 | 1.45 | 1.51 | 1.49 | 1.94 | 2.96 | 2.10 | 2.25 | 2.28 | 2.39 | 1.54 | 2.40 |
| EPS Growth % | 9.85% | 12.75% | 13.39% | -36.89% | -8.97% | 2.76% | -25.83% | -18.12% | -25.26% | -51.01% | -28.1% | -33.78% | -14.91% | 23.85% | 36.36% | -6.25% | -0.44% | 43.98% | 32.76% | 93.55% |
| EPS (Basic) | 1.45 | 1.69 | 1.28 | 0.77 | 1.33 | 1.50 | 1.13 | 1.23 | 1.47 | 1.46 | 1.53 | 1.50 | 1.96 | 3.03 | 2.13 | 2.28 | 2.35 | 2.44 | 1.56 | 2.44 |
| Diluted Shares Outstanding | 711.2M | 711M | 713.7M | 719.1M | 720.8M | 737.2M | 729.4M | 742.4M | 748.6M | 746.1M | 745.9M | 744.7M | 737.2M | 745.7M | 737.4M | 736M | 737.7M | 738.4M | 727M | 736M |
| Basic Shares Outstanding | 707.9M | 707.3M | 710.7M | 716.5M | 716.3M | 731M | 723M | 737.6M | 740.6M | 739.8M | 739.4M | 737.3M | 729.4M | 728.9M | 728.5M | 726.7M | 716.3M | 715.6M | 715.1M | 714.5M |
| Dividend Payout Ratio | 21.96% | 18.88% | 25.22% | 41.26% | 20.34% | 17.96% | 23.96% | 22.05% | 16.27% | 18.54% | 17.63% | 19.71% | 14.07% | 9.1% | 12.98% | 13.1% | 11.07% | 10.68% | 16.49% | 10.7% |