Danaher financials
$227.33+1.27%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.57B | $23.88B | $23.89B | $26.64B | $24.80B | $22.28B | $17.91B | $17.05B | $15.52B | $16.88B |
| Gross profit | $14.52B | $14.21B | $14.03B | $16.19B | $15.24B | $12.47B | $9.98B | $9.51B | $8.57B | $9.33B |
| Gross margin | 59.1% | 59.5% | 58.7% | 60.8% | 61.4% | 56.0% | 55.7% | 55.8% | 55.2% | 55.3% |
| Operating income | $4.69B | $4.86B | $5.20B | $7.54B | $6.38B | $4.23B | $3.27B | $3.06B | $2.57B | $2.74B |
| Net income | $3.61B | $3.90B | $4.74B | $7.10B | $6.27B | $3.51B | $2.94B | $2.65B | $2.49B | $2.55B |
| Net margin | 14.7% | 16.3% | 19.9% | 26.7% | 25.3% | 15.8% | 16.4% | 15.5% | 16.1% | 15.1% |
| Diluted EPS | $5.05 | $5.29 | $6.38 | $9.66 | $8.61 | $4.89 | $4.05 | $3.74 | $3.53 | $3.65 |
| EBITDA | $7.14B | $7.24B | $7.38B | $9.67B | $8.44B | $6.01B | $4.46B | $4.23B | $3.69B | $3.86B |
| Operating cash flow | $6.42B | $6.69B | $7.16B | $8.52B | $8.36B | $6.21B | $3.95B | $4.02B | $3.48B | $3.52B |
| Free cash flow | $5.26B | $5.30B | $5.78B | $7.40B | $7.12B | $5.42B | $3.32B | $3.44B | $2.91B | $2.93B |
| Diluted shares | 716.1M | 737.2M | 743.1M | 737.1M | 736.8M | 718.7M | 725.5M | 710.2M | 706.1M | 699.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $4.62B | $2.08B | $5.86B | $6.00B | $2.59B | $6.04B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $18.42B | $16.00B | $18.40B | $19.68B | $22.18B | $21.20B |
| Total assets | $83.46B | $77.54B | $84.49B | $84.35B | $83.18B | $76.16B |
| Total liabilities | $30.92B | $27.99B | $31.00B | $34.26B | $38.01B | $36.38B |
| Shareholders' equity | $52.54B | $49.55B | $53.49B | $50.09B | $45.18B | $39.78B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology