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Companies / Health Care / Danaher Corporation
DHR

Danaher Corporation

Health CareMedical InstrumentsS&P 500
Ticker DHRWASHINGTON, DCFiscal year ends DecemberBook value per share $75.68Diluted shares 708.5M

Danaher Corporation (NYSE: DHR) is a global science and technology company with more than 15 operating companies serving biotechnology, life sciences and diagnostics markets. Its Biotechnology segment supplies equipment, consumables, software and services used to research and manufacture biological medicines, serving… From the company’s description.

In fiscal 2025, Danaher Corporation reported revenue of $24.57B, up 2.9% from fiscal 2024, and net income of $3.60B. Its operating margin was 19.1%, and operations generated $6.42B in cash. Over the twelve months to Sep 25, 2026, revenue was $25.61B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-25
Sales & profitability
$24.57BFY2025
+2.9% year over year
Last 12 mo $25.61B
19.09%FY2025
−1.3 percentage points
Last 12 mo 20.38%
$3.60BFY2025
−7.7% year over year
Last 12 mo $4.29B
7.79%FY2025
−0.5 percentage points
Last 12 mo 8.08%
Cash & financing
$6.42BFY2025
−4.1% year over year
Last 12 mo $6.86B
$5.26BFY2025
−0.7% year over year
Last 12 mo $5.73B
0.35FY2025
Was 0.32× a year earlier
Last 12 mo 0.49
716.1MFY2025
−2.9% year over year
Last 12 mo 708.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Danaher Corporation does

In the company’s own words

Danaher Corporation (NYSE: DHR) is a global science and technology company with more than 15 operating companies serving biotechnology, life sciences and diagnostics markets. Its Biotechnology segment supplies equipment, consumables, software and services used to research and manufacture biological medicines, serving pharmaceutical and biotechnology companies, research institutions and contract manufacturers. Life Sciences provides instruments, consumables, software and services for biological research, drug development and manufacturing, along with filtration products for industrial and food and beverage applications. Diagnostics offers clinical instruments, consumables, software and services used by hospitals, physicians’ offices, reference laboratories and other care settings to diagnose disease and guide treatment. The company markets products under brands including Cytiva, Pall, Beckman Coulter, Cepheid, Leica Microsystems, SCIEX and Radiometer. Its businesses sell primarily through direct sales teams and independent distributors to customers across a geographically diverse base. Danaher applies its Danaher Business System across its operating companies and has expanded its portfolio through acquisitions, including Pall, Cytiva and Cepheid. As of December 31, 2025, it had approximately 60,000 employees.

Company details
Sector
Health Care
Industry (SIC)
Medical Instruments
Headquarters
WASHINGTON, DC
Fiscal year end
December
CIK
313616
SIC
3823

Financial performance, year by year

Fiscal 2013–2025 · USD
$-3.15B$6.29B$15.74B$25.18B$34.62B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Danaher Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.0K
funds hold it
6 of 35
superinvestors hold it
$44.61B
held by funds, at market
33.9%
of shares held by funds
13
bond issues held by funds

Superinvestors in Danaher Corporation · what they did last quarter

Pat DorseyINCREASED +7.9%
Dorsey Asset Management
7.6%of 13F portfolio
Daniel LoebINCREASED +2.9%
Third Point
2.2%of 13F portfolio
Wallace WeitzINCREASED +2.5%
Weitz Investment Management
6.5%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Danaher Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.17%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.19%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.19%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.18%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Danaher Corporation’s bonds, as funds hold them

Funds report holding 13 issues of Danaher Corporation’s debt, $423.20M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 2.59%, maturing 2028 to 2051.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Danaher Corporation and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Danaher Corporation's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Danaher Corporation's last four quarterly filings that the numbers alone won't show?”
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