Danaher Corp DHR Stock Analysis
- NYSE
- Stock
- Market closed · opens Monday 9:30 AM ET
$230.25 up $3.91, 1.73% at close Nov 6
Last close · Previous close $226.34
- Market cap
- $161.86BAt the Nov 6 close
- P/E ratio
- 37.68On last 12 months’ EPS
- Diluted EPS
- $6.11Last 12 months
- Dividend yield
- 0.66%Last 12 months
Price chart
$230.25up $3.91, 1.73%Fri, Nov 6 session
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$226.34Nov 5
- Volume4.06MNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume4.38MLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $160.93 to $242.80; now $230.25
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
DHR beat the S&P 500 in 2 of 7 periods.
| Period | DHR and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | DHR: up 6.8% S&P 500: down 5.6% | DHR beat the S&P 500 by 12.4 percentage points Beat |
| 3M | DHR: up 15.3% S&P 500: down 4.1% | DHR beat the S&P 500 by 19.4 percentage points Beat |
| YTD | DHR: up 1.2% S&P 500: up 8.7% | DHR trailed the S&P 500 by 7.5 percentage points Trailed |
| 1Y | DHR: up 10.1% S&P 500: up 10.9% | DHR trailed the S&P 500 by 0.8 percentage points Trailed |
| Long term | ||
| 3Y | DHR: up 19.9% S&P 500: up 75.0% +6.2% vs +20.5% a year | DHR trailed the S&P 500 by 55.1 percentage points Trailed |
| 5Y | DHR: down 8.5% S&P 500: up 67.8% −1.8% vs +10.9% a year | DHR trailed the S&P 500 by 76.3 percentage points Trailed |
| 10Y | DHR: up 256.5% S&P 500: up 313.1% +13.6% vs +15.2% a year | DHR trailed the S&P 500 by 56.6 percentage points Trailed |
$10,000 invested in DHR 10 years ago (Nov 4, 2016) would be worth about $35,649 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
DHR beat the S&P 500 in 2 of 7 periods.
| Period | DHR and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | DHR: up 6.8% S&P 500: down 5.6% | DHR beat the S&P 500 by 12.4 percentage points Beat |
| 3M | DHR: up 15.1% S&P 500: down 4.3% | DHR beat the S&P 500 by 19.4 percentage points Beat |
| YTD | DHR: up 0.6% S&P 500: up 7.8% | DHR trailed the S&P 500 by 7.2 percentage points Trailed |
| 1Y | DHR: up 9.3% S&P 500: up 9.7% | DHR trailed the S&P 500 by 0.4 percentage points Trailed |
| Long term | ||
| 3Y | DHR: up 17.8% S&P 500: up 68.8% +5.6% vs +19.1% a year | DHR trailed the S&P 500 by 51.0 percentage points Trailed |
| 5Y | DHR: down 21.2% S&P 500: up 56.9% −4.6% vs +9.4% a year | DHR trailed the S&P 500 by 78.1 percentage points Trailed |
| 10Y | DHR: up 199.3% S&P 500: up 252.6% +11.6% vs +13.4% a year | DHR trailed the S&P 500 by 53.3 percentage points Trailed |
$10,000 invested in DHR 10 years ago (Nov 4, 2016) would be worth about $29,926 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$332.43
Closing high on . Now 30.7% below that record.
Split-adjusted daily closes since Nov 5, 1987.
Stock splits
4
Latest: 2-for-1 on . One share bought before the first split is 16 shares today.
All 4 splits
- 2-for-1
- 2-for-1
- 2-for-1
- 2-for-1
Valuation
The Nov 6 close compared with the last 12 months of reported results (the four quarters to Sep 25, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
37.7×The Nov 6 close ÷ diluted EPS over the last 12 months ($6.11)
The range covers daily P/E ratios from Oct 28, 2021 to Nov 6, 2026, each based on the previous 12 months of earnings.
DHR trades at 37.7× its earnings over the last 12 months, above its 5-year median of 36.3×. In plain terms, buyers are paying about $38 for each $1 of profit from the past year. How to read P/E
Other valuation measures
- 6.3×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 3.0×Book value as of Sep 25, 2026
Price relative to accounting equity (book value) per share on the Sep 25, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 23.3×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - 1.45Last 12 months’ EPS growth
The P/E divided by the growth in diluted EPS over the last 12 months (+26.0% on the 12 months before). It looks backward: near 1 means the P/E roughly matches last year’s growth. Sites that use analysts’ growth forecasts show a different PEG.
PEG = P/E ÷ EPS growth (%) = 37.7 ÷ 26.0 - 3.55%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $182.66BAt the Nov 6 close
What it would cost to buy the whole business: the market cap at the Nov 6 close, plus debt, minus cash and short-term investments from the Sep 25, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own DHR DCF in Excel. Value Danaher with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q3 FY26, the quarter ended Sep 25, 2026. “Last 12 months” means the four quarters from Sep 27, 2025 to Sep 25, 2026, and balance-sheet figures are as of Sep 25, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $25.61Bup 5.5%
- Net income
- $4.33Bup 23.6%
- Diluted EPS
- $6.11up 26.0%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q4 FY24 (Dec 31, 2024) | $6.54B | $1.09B | $1.49 |
| Q1 FY25 (Mar 28, 2025) | $5.74B | $954.00M | $1.32 |
| Q2 FY25 (Jun 27, 2025) | $5.94B | $555.00M | $0.77 |
| Q3 FY25 (Sep 26, 2025) | $6.05B | $908.00M | $1.27 |
| Q4 FY25 (Dec 31, 2025) | $6.84B | $1.20B | $1.68 |
| Q1 FY26 (Mar 27, 2026) | $5.95B | $1.03B | $1.45 |
| Q2 FY26 (Jun 26, 2026) | $6.27B | $870.00M | $1.23 |
| Q3 FY26 (Sep 25, 2026) | $6.55B | $1.24B | $1.75 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Dec 31, 2021) | $24.80B | $6.43B | $8.61 |
| FY22 (Dec 31, 2022) | $26.64B | $7.21B | $9.66 |
| FY23 (Dec 31, 2023) | $23.89B | $4.76B | $6.38 |
| FY24 (Dec 31, 2024) | $23.88B | $3.90B | $5.29 |
| FY25 (Dec 31, 2025) | $24.57B | $3.61B | $5.05 |
Margins
- Gross 58.6%
- Operating 20.4%
- Net 16.9%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $5.75BLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$6.86BLast 12 months
- Capital spending$1.11BLast 12 months
- 22.5%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $814.00MLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$1.02BLast 12 months
- Total returned$1.83BLast 12 months
32% of free cash flow
Balance sheet
- $5.68BAs of Sep 25, 2026
Cash plus short- and long-term marketable securities on the Sep 25, 2026 balance sheet.
- Total debt$26.48BAs of Sep 25, 2026
- Net debt$20.80BAs of Sep 25, 2026
- 1.63As of Sep 25, 2026
Current assets divided by current liabilities on the Sep 25, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.49As of Sep 25, 2026
Total debt divided by shareholders’ equity on the Sep 25, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 7 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✓Return on assets improved: passed
- ✓Operating cash flow exceeded net income: passed
- ✗Long-term debt fell relative to assets: not passed
- ✓Current ratio improved: passed
- ✓Share count didn’t rise: passed
- ✗Gross margin improved: not passed
- ✓Asset turnover (revenue ÷ assets) improved: passed
- 8.2%Last 12 months
Over the last 12 months, Danaher’s net income was 8.2% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 4.9%Last 12 months
Over the last 12 months, Danaher’s net income was 4.9% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $25.34 |
| 2017 | $0.56 |
| 2018 | $0.64 |
| 2019 | $0.68 |
| 2020 | $0.72 |
| 2021 | $0.84 |
| 2022 | $1.00 |
| 2023 | $29.24 |
| 2024 | $1.08 |
| 2025 | $1.28 |
| 2026 (to date) | $1.20 |
Dividend details
- $1.52Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- 0.66%; 5-yr low 0.19%, 5-yr high 15.80%Last 12 months
Dividends paid over the last 12 months as a share of the Nov 6 close. The bar shows where that yield sits in its range over the past five years; the median was 0.54%.
- $0.40Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly4 payments in the last 12 months
- up 12.2% a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 8 yearsThrough 2025
How many calendar years in a row the full-year amount has risen, through 2025.
- 24.9%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Danaher Corp
Danaher is a leading global life sciences, diagnostics and biotechnology innovator committed to advancing the power of science and technology to improve human health. Through a connected ecosystem of industry-leading businesses, the Company works closely with customers to solve many of their most complex scientific challenges by accelerating discovery, development and the delivery of life-changing therapies. Powered by the Danaher Business System and 60,000 associates worldwide, the Company strives for continuous improvement, operational excellence and Innovation at the Speed of Life. Explore more at www.danaher.com.
- Sector
- Healthcare
- Industry
- Diagnostics & Research
- Headquarters
- District Of Columbia, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- NYSE
- Asset type
- Common stock
- Price history since
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DHR stock FAQ
What is DHR stock’s price today?
Danaher (DHR) traded at $230.25 at the close on , up $3.91 (1.73%) from the previous close of $226.34. Over the past 52 weeks it has traded between $160.93 and $242.80.
If you invested $1,000 in DHR 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in DHR on would be worth about $3,565 at the close on , a total return of +256.5%. The same $1,000 would be worth $915 if invested five years ago, $1,101 if invested one year ago, $10,409 if invested 20 years ago, and $73,675 if invested 30 years ago. Past performance doesn’t predict future returns.
What is Danaher’s market cap?
Danaher’s market capitalization is about $161.9 billion. That’s Tiingo’s daily market cap for , at that day’s closing price of $230.25 (how market cap works). Danaher reported 702.99M shares outstanding at the end of its latest quarter ().
What is DHR’s P/E ratio?
DHR trades at 37.7 times its diluted earnings over the four quarters to ($6.11 per share), at the close. Over the past five years its P/E has ranged from 23.3 to 51.6, with a median of 36.3. (How the P/E ratio works.)
How much revenue does Danaher make?
Danaher reported $25.6 billion of revenue over the four quarters to , up 5.5% from the twelve months before. In its latest quarter (Q3 FY26, ended ) revenue was $6.6 billion, up 8.3% from a year earlier.
Is Danaher profitable?
Yes. Danaher earned $4.3 billion of net income over the four quarters to , a net margin of 16.9%, and its operating margin was 20.4% (what margins tell you).
What are DHR’s earnings per share?
DHR’s diluted earnings per share were $6.11 over the four quarters to , compared with $4.85 in the twelve months before. The latest quarter (Q3 FY26) brought $1.75 per share, against $1.27 a year earlier (how EPS works).
Does DHR pay a dividend?
Yes. Danaher pays a quarterly dividend. The most recent was $0.40 per share, with an ex-dividend date of . Over the last twelve months it paid $1.52 per share, a 0.66% yield at the close, and the full-year dividend has risen 8 years in a row (how dividend yield works).
Based on the last 12 months’ payments ($1.52 per share), and if the next 12 months match the last 12, 100 shares would receive about $152 over 12 months, and $1,000 over 12 months would take about 658 shares, roughly $151,505 at the close. Dividends can change.
What is DHR’s 52-week high and low?
Over the past 52 weeks DHR has traded as low as $160.93 and as high as $242.80. At $230.25 at the close on , it is 5.2% below that high and 43.1% above the low.
What is DHR’s all-time high?
DHR’s highest closing price was $332.43 on , adjusted for stock splits. At $230.25 at the close on , it is 30.7% below that record.
Has DHR stock ever split?
Yes, four times: 2-for-1 on ; 2-for-1 on ; 2-for-1 on ; 2-for-1 on . One share bought before the first split would be 16 shares today.
How has DHR stock performed?
Including dividends and measured to the close on , DHR has returned +1.2% so far this year and +10.1% over the past year, and −8.5% over five years (−1.8% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Danaher in?
Danaher is in the Healthcare sector and the Diagnostics & Research industry, and is headquartered in District Of Columbia, USA.
What exchange does DHR trade on?
Danaher trades on the NYSE under the ticker symbol DHR. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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