DHR - DANAHER CORP /DE/

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	2.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-42%)	-0.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-101%)	-10.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-307%)	-9.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-291%)	32.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+543%)	24.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+388%)	5.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	-7.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-240%)	8.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+71%)	17.0% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+239%)	-24.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-593%)	0.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-96%)	4.7% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-6%)	13.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+170%)	28.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+464%)	12.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+144%)	-11.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-338%)	15.2% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+203%)	—	—
EPS Growth YoY (%)	-4.9% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	-17.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-34.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	11.7% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	76.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	20.9% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	8.7% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	5.6% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-3.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-23.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	30.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-4.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	12.2% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	7.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	17.2% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	52.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-12.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-6.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-7.3% Weak ↑ Weak Improving Year-over-year change in net income	-18.2% Weak ↓ Weak Declining Year-over-year change in net income	-33.9% Weak ↓ Weak Declining Year-over-year change in net income	12.1% Fair ↓ Fair Declining Year-over-year change in net income	76.4% Excellent ↑ Excellent Improving Year-over-year change in net income	21.2% Good ↑ Good Improving Year-over-year change in net income	13.5% Fair ↑ Fair Improving Year-over-year change in net income	6.4% Fair ↑ Fair Improving Year-over-year change in net income	-2.4% Weak ↓ Weak Declining Year-over-year change in net income	-23.9% Weak ↓ Weak Declining Year-over-year change in net income	29.2% Excellent ↑ Excellent Improving Year-over-year change in net income	-3.6% Weak ↓ Weak Declining Year-over-year change in net income	12.7% Fair ↓ Fair Declining Year-over-year change in net income	10.1% Fair ↓ Fair Declining Year-over-year change in net income	21.2% Good ↑ Good Improving Year-over-year change in net income	55.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-12.6% Weak Weak Year-over-year change in net income	-3.8% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	1.9% Caution ↑ Caution Improving Year-over-year change in free cash flow	-7.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	-23.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	3.3% Caution ↓ Caution Declining Year-over-year change in free cash flow	28.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	65.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-5.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	19.5% Good ↑ Good Improving Year-over-year change in free cash flow	-3.2% Weak ↓ Weak Declining Year-over-year change in free cash flow	-10.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	4.1% Caution ↓ Caution Declining Year-over-year change in free cash flow	3.8% Caution ↓ Caution Declining Year-over-year change in free cash flow	2.2% Caution ↓ Caution Declining Year-over-year change in free cash flow	25.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	16.9% Good ↑ Good Improving Year-over-year change in free cash flow	15.3% Good ↑ Good Improving Year-over-year change in free cash flow	-3.6% Weak Weak Year-over-year change in free cash flow	9.4% Fair Fair Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-2.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-6.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	14.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	20.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	6.7% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	2.0% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	5.7% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-1.5% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-4.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-7.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	6.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	15.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	17.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	8.2% Fair Fair Compound annual revenue growth over 3 years	4.4% Caution Caution Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	2.0% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	5.9% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.0% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	9.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	-1.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-2.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	0.1% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.8% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	11.4% Good ↑ Good Improving Compound annual revenue growth over 5 years	8.5% Good Good Compound annual revenue growth over 5 years	10.6% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-19.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-15.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	9.0% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	33.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	32.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	11.6% Good ↑ Good Improving Compound annual EPS growth over 3 years	3.7% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-7.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-1.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-1.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	11.7% Good ↓ Good Declining Compound annual EPS growth over 3 years	4.8% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	12.2% Good ↓ Good Declining Compound annual EPS growth over 3 years	24.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	15.8% Excellent Excellent Compound annual EPS growth over 3 years	7.6% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	19.1% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+59%)	20.4% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+70%)	21.8% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+81%)	28.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+136%)	25.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+111%)	19.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+58%)	18.3% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+52%)	17.9% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+49%)	16.3% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	16.3% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	15.0% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+25%)	17.5% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+46%)	17.1% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	17.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+44%)	16.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	16.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	13.8% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+15%)	14.7% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	15.8% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+32%)	—
Effective Tax Rate (%) (%)	15.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.1% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.3% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.9% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.4% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	16.0% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.2% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.4% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.6% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.9% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.9% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	14.7% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+84%)	16.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+104%)	19.9% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+149%)	27.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+238%)	21.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+173%)	16.4% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+105%)	16.8% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+110%)	15.5% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+94%)	13.6% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+70%)	15.1% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+89%)	23.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+191%)	13.6% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+70%)	14.1% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+76%)	13.1% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+64%)	13.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+69%)	14.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+79%)	10.3% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+29%)	10.4% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	12.4% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+55%)	—
FCF Margin (%) (%)	21.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	22.2% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	24.2% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	27.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	24.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	24.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	18.5% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	20.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.6% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	17.4% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	22.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.6% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.9% Good → Good Stable Free cash flow as a percentage of revenue Optimal: > 10%	16.2% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.2% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	15.1% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.4% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.1% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	13.5% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.46x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.36x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.21x Good → Good Stable Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.10x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.49x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.10x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.30x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	1.22x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.13x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.24x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.40x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.26x Good Good Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	5.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.2% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	9.6% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	6.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	6.8% Caution → Caution Stable Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	9.6% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	9.9% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	9.6% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	8.4% Fair Fair Return earned on debt + equity capital invested Optimal: > 10%	11.9% Good Good Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	5.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	9.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.3% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.4% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	6.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	9.0% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	9.4% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	9.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	8.7% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	9.2% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	7.9% Fair Fair Operating profit relative to total assets Optimal: > 10%	10.7% Good Good Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	6.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-54%)	7.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-48%)	8.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-41%)	14.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	14.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-5%)	9.2% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-39%)	9.9% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	9.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	9.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	11.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-26%)	14.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-6%)	11.1% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-26%)	12.0% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-20%)	12.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-16%)	12.9% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	13.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-13%)	9.9% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	13.4% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-10%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	0.35x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-50%)	0.32x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-54%)	0.34x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-51%)	0.39x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.49x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.53x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.72x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.35x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-51%)	0.40x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-43%)	0.53x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-24%)	0.54x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-22%)	0.15x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-79%)	0.16x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-78%)	0.28x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-60%)	0.31x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	0.21x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	0.25x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-64%)	0.26x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-63%)	—	—
Interest Coverage (x)	14.17x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	13.14x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	18.19x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	36.94x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	31.37x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	15.39x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	30.10x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	22.32x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	18.38x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.92x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	15.47x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	28.10x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	22.45x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	20.10x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	18.48x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	17.49x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	12.58x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.36x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	15.87x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$18.42B	$16.00B	$18.40B	$19.68B	$22.18B	$21.20B	$1.82B	$8.95B	$9.89B	$11.31B	$12.08B	$467.80M	$383.80M	$3.66B	$4.77B	$1.19B	$1.21B	$2.16B	$-239.11M	$-317.81M
Debt / EBITDA (x)	3.39x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.87x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.50x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.04x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.30x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.53x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.87x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.30x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.49x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.16x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.23x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.82x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.84x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.33x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.63x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.16x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.56x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.24x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$34.47	$32.66	$32.44	$36.74	$41.22	$31.55	$25.05	$24.33	$26.34	$24.42	$20.68	$27.28	$27.47	$26.33	$23.80	$19.21	$17.43	$19.88	$17.71	—
Basic EPS, GAAP (USD)	$5.07	$5.33	$6.44	$9.80	$8.77	$4.97	$4.11	$3.78	$3.58	$3.69	$4.81	$3.70	$3.87	$3.45	$3.21	$2.74	$1.80	$2.06	$2.20	—
Free Cash Flow per Share (USD)	$7.38	$7.24	$7.85	$10.21	$9.89	$7.67	$4.64	$4.91	$4.11	$4.24	$4.71	$4.53	$4.36	$4.26	$3.39	$2.90	$2.51	$2.61	$2.38	—
Book Value per Share (USD)	$74.32	$68.90	$72.36	$68.77	$63.17	$55.93	$43.52	$40.22	$37.84	$33.23	$34.49	$33.19	$32.07	$27.66	$24.58	$20.89	$18.02	$15.40	—	—
Tangible Book Value per Share (USD)	$-11.93	$-13.24	$-12.00	$-7.67	$-26.38	$-23.82	$-3.15	$-6.63	$-15.00	$-18.26	$-11.46	$0.92	$0.14	$-4.06	$-4.96	$0.01	$-1.31	$-3.02	—	—
Basic Weighted Avg Shares (shares)	712.70M	731.00M	736.50M	725.10M	714.60M	706.20M	715.00M	700.60M	695.80M	691.20M	698.10M	702.20M	696.00M	693.40M	676.20M	653.19M	641.53M	638.72M	622.45M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$5.95B	$2.70B	$5.66B	$7.49B	$3.51B	$6.40B	$20.66B	$2.25B	$2.06B	$-208.90M	$1.67B	$4.03B	$4.59B	$3.38B	$2.10B	$2.74B	$2.46B	$1.44B	—	—
LT Debt (USD)	$18.42B	$16.00B	$18.40B	$19.68B	$22.18B	$21.20B	$21.73B	$9.74B	$10.52B	$12.27B	$12.87B	$3.47B	$3.50B	$5.34B	$5.31B	$2.82B	$2.93B	$2.55B	—	—
Total Equity (USD)	$52.53B	$49.54B	$53.49B	$50.08B	$45.17B	$39.77B	$30.27B	$28.21B	$26.36B	$23.00B	$23.69B	$23.38B	$22.39B	$19.02B	$16.90B	$13.71B	$11.63B	$9.81B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$24.57B	$23.88B	$23.89B	$26.64B	$29.45B	$22.28B	$17.91B	$17.05B	$18.33B	$16.88B	$14.43B	$19.15B	$19.12B	$18.26B	$16.09B	$12.55B	$11.18B	$12.70B	$11.03B	—
Depreciation Expense (USD)	$750.00M	$721.00M	$2.17B	$2.13B	$2.17B	$1.77B	$1.19B	$1.18B	$1.24B	$1.13B	$880.80M	$889.50M	$895.00M	$839.80M	$635.00M	$388.30M	$341.60M	$194.00M	$173.94M	—
Net Income, GAAP (USD)	$3.61B	$3.90B	$4.76B	$7.21B	$6.43B	$3.65B	$3.01B	$2.65B	$2.49B	$2.55B	$3.36B	$2.60B	$2.69B	$2.39B	$2.17B	$1.79B	$1.15B	$1.32B	$1.37B	—
Operating Cash Flow (USD)	$6.42B	$6.69B	$7.16B	$8.52B	$8.36B	$6.21B	$3.95B	$4.02B	$3.48B	$3.52B	$3.80B	$3.76B	$3.59B	$3.42B	$2.63B	$2.08B	$1.80B	$1.86B	$1.65B	—

DANAHER CORP /DE/

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