Danaher Financial Statements
NYSE: DHRIndustrialsIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Danaher revenue and earnings
In fiscal 2025, Danaher generated $24.57 billion in revenue, up 2.9% from fiscal 2024. Net income was $3.61 billion (-7.3% year over year), for a net margin of 14.7% versus a median of 19.9% in the prior 5 years. Gross margin was 59.1% (down from 59.5%) and operating margin 19.1%.
Diluted earnings per share came in at $5.05, down from $5.29. Over the last 5 fiscal years, DHR's revenue has grown at a 2.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Danaher income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24.57B | 23.88B | 23.89B | 26.64B | 24.80B | 22.28B | 17.91B | 19.89B | 18.33B | 16.88B |
| Revenue growth (YoY) | +2.90% | -0.06% | -10.33% | +7.42% | +11.30% | +24.42% | -9.96% | +8.53% | +8.57% | +16.97% |
| Cost of Revenue | 10.04B | 9.67B | 9.86B | 10.46B | 9.56B | 9.81B | 7.93B | 7.54B | 6.95B | 7.55B |
| Gross Profit | 14.52B | 14.21B | 14.03B | 16.19B | 15.24B | 12.47B | 9.98B | 9.51B | 8.57B | 9.33B |
| Operating Expenses | 9.83B | 9.34B | 8.83B | 8.65B | 8.86B | 8.24B | 6.71B | 6.45B | 6.00B | 6.60B |
| Research & Development | 1.60B | 1.58B | 1.50B | 1.53B | 1.50B | 1.35B | 1.13B | 1.06B | 956.40M | 975.10M |
| Selling, General & Admin | 8.23B | 7.76B | 7.33B | 7.12B | 6.82B | 6.90B | 5.59B | 5.39B | 5.04B | 5.62B |
| Operating Income | 4.69B | 4.86B | 5.20B | 7.54B | 6.38B | 4.23B | 3.27B | 3.06B | 2.57B | 2.74B |
| Interest Expense | 265.00M | 278.00M | 286.00M | 204.00M | 231.00M | 275.00M | 108.00M | 137.00M | 140.10M | 184.40M |
| Other Income (Expense) | -222.00M | -56.00M | -175.00M | -227.00M | 450.00M | 494.00M | 12.00M | 35.00M | 103.50M | 239.10M |
| Pretax Income | 4.23B | 4.65B | 5.04B | 7.15B | 6.51B | 4.50B | 3.31B | 2.96B | 2.54B | 2.61B |
| Income Tax | 633.00M | 747.00M | 823.00M | 818.00M | 1.06B | 849.00M | 873.00M | 556.00M | 371.00M | 457.90M |
| Net Income | 3.61B | 3.90B | 4.76B | 7.21B | 6.43B | 3.65B | 3.01B | 2.65B | 2.49B | 2.55B |
| Net Income growth (YoY) | -7.31% | -18.16% | -33.92% | +12.06% | +76.44% | +21.21% | +13.47% | +6.38% | -2.41% | -23.94% |
| EPS (Basic) | 5.07 | 5.33 | 6.44 | 9.80 | 8.77 | 4.97 | 4.11 | 3.78 | 3.58 | 3.69 |
| EPS (Diluted) | 5.05 | 5.29 | 6.38 | 9.66 | 8.61 | 4.89 | 4.05 | 3.74 | 3.53 | 3.65 |
| Shares Outstanding (Basic) | 712.70M | 731.00M | 736.50M | 725.10M | 714.60M | 706.20M | 715.00M | 700.60M | 695.80M | 691.20M |
| Shares Outstanding (Diluted) | 716.10M | 737.20M | 743.10M | 737.10M | 736.80M | 718.70M | 725.50M | 710.20M | 706.10M | 699.80M |
| EBITDA | 5.44B | 5.58B | 7.37B | 9.67B | 8.44B | 6.01B | 4.46B | 4.23B | 3.69B | 3.86B |
| Gross Margin | 59.11% | 59.50% | 58.74% | 60.76% | 61.44% | 55.98% | 55.74% | 47.78% | 46.76% | 55.29% |
| Operating Margin | 19.09% | 20.37% | 21.77% | 28.29% | 25.71% | 18.99% | 18.25% | 15.36% | 14.03% | 16.20% |
| Net Margin | 14.71% | 16.33% | 19.94% | 27.06% | 25.94% | 16.36% | 16.79% | 13.33% | 13.60% | 15.13% |
This table shows 10 annual periods of Danaher's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow DHR's reporting calendar. What is a income statement?