DHR vs A vs TECH Stock Comparison

Danaher, Agilent Technologies and Bio-Techne Prices as of Oct 23, 2026 Peers: Industry group
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DHR Danaher Corp /De/
$230.44 +3.9% 1M +3.5% 1Y
Market cap
$164.19B
P/E
41.0x
Revenue (TTM)
$25.11B
Div. yield
–
Life Sciences Tools Healthcare
3 wins
A Agilent Technologies, Inc.
$173.05 +4.7% 1M +17.4% 1Y
Market cap
$49.59B
P/E
34.4x
Revenue (TTM)
$7.37B
Div. yield
0.01%
Life Sciences Tools Healthcare
7 wins
TECH BIO-TECHNE Corp
$72.55 +0.0% 1M +9.8% 1Y
Market cap
$11.34B
P/E
62.3x
Revenue (TTM)
$1.22B
Div. yield
0.00%
Life Sciences Tools Healthcare
2 wins

Head to Head

12 decided of 12

Agilent Technologies leads on 7 of the 12 questions below (Agilent Technologies 7, Danaher 3, Bio-Techne 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDHRATECHLeader
Larger companyMarket capitalisation $164.19B $49.59B $11.34B DHR
Cheaper on earningsLower P/E, profitable companies only 41.0x 34.4x 62.3x A
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.5x 26.5x 33.6x DHR
Faster revenue growthRevenue growth, trailing twelve months +4.6% +8.6% -0.4% A
More profitableNet margin, trailing twelve months 15.9% 19.5% 15.0% A
Better return on capitalReturn on invested capital 5.7% 13.1% 8.3% A
Less leveragedLower net debt / EBITDA 2.9x 1.1x -0.2x TECH
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% A
Better 1-year returnPrice return, last 12 months +3.5% +17.4% +9.8% A
Better 5-year returnAnnualised price return, 5 years -6.0%/yr +1.8%/yr -10.5%/yr A
Less volatileAnnualised volatility, 1 year 30.6% 32.3% 43.6% DHR
Higher overall scoreMean of the five percentile scores vs peers 60/100 62/100 65/100 TECH

Percentile Scorecard

DHRATECH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDHRATECH
Valuation 67 #75 of 228 57 #98 of 228 57 #99 of 228
Growth 20 #178 of 222 36 #143 of 222 39 #137 of 222
Profitability 88 #27 of 210 91 #20 of 210 94 #14 of 210
Financial Health 46 #131 of 241 55 #108 of 241 86 #34 of 241
Shareholder Returns 77 #32 of 138 69 #43 of 138 49 #71 of 138
Overall 60 62 65
  • DHR ranked among 248 companies in Medical Devices and Diagnostics
  • A ranked among 248 companies in Medical Devices and Diagnostics
  • TECH ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDHRATECHSPY
1 month +3.9%+4.7%+0.0% -1.0%
3 months +20.3%+24.9%+1.3% +2.9%
6 months +30.0%+49.8%+33.9% +6.4%
Year to date +0.7%+27.2%+23.4% +11.4%
1 year +3.5%+17.4%+9.8% +13.1%
3 years +17.1%+63.8%+14.0% +79.4%
3 years, per year +5.4%+17.9%+4.5% +21.5%
5 years -26.5%+9.5%-42.6% +67.7%
5 years, per year -6.0%+1.8%-10.5% +10.9%
10 years +187.4%+279.7%+176.5% +255.2%
10 years, per year +11.1%+14.3%+10.7% +13.5%

Risk

MeasureDHRATECHSPY
Volatility, 1Y 30.6%32.3%43.6% 12.7%
Downside volatility, 1Y 31.7%27.5%43.4% 12.7%
Beta vs S&P 500, 1Y 0.440.860.75 1.00
Return / volatility, 1Y 0.110.540.23 1.03
Max drawdown, 5Y -50.8%-39.6%-67.0% -25.4%
From 52-week high -4.8%-2.6%-0.1% -2.5%
52-week high $242.05$177.72$72.64 $779.14
52-week low $161.91$110.24$43.30 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDHRATECH
P/E now vs peer median 40.6xmedian 30.7x 33.9xmedian 30.7x 62.2xmedian 30.7x
P/S now vs peer median 6.5xmedian 3.0x 6.6xmedian 3.0x 9.3xmedian 3.0x
EV/EBITDA now vs peer median 24.0xmedian 17.7x 26.7xmedian 17.7x 32.2xmedian 17.7x
P/FCF now vs peer median 29.6xmedian 23.7x 38.5xmedian 23.7x 43.0xmedian 23.7x
P/B now vs peer median 3.1xmedian 2.4x 6.6xmedian 2.4x 5.4xmedian 2.4x
PEG now vs peer median -3.24median 0.96 3.45median 0.96 -4.77median 0.96

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDHRATECH
Revenue $25.11B $7.37B $1.22B
Gross profit $14.69B $3.97B $799.07M
Operating income $5.13B $1.64B $251.89M
Net income $4.00B $1.44B $181.86M
Free cash flow $5.47B $1.27B $263.22M
R&D $1.62B $485.00M $94.77M
EPS (diluted) $5.66 $5.09 $1.16
Cash & equivalents $4.35B $1.76B $264.71M
Total debt $26.56B $3.95B $960.00M
Shares (diluted) 707.60M 283.00M 157.01M
Enterprise value $148.00B $42.48B $10.54B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDHRATECH
P/E 40.6x 33.9x 62.2x
P/FCF 29.6x 38.5x 43.0x
P/Operating cash flow 24.4x 30.3x 38.8x
P/S 6.5x 6.6x 9.3x
P/B 3.1x 6.6x 5.4x
P/Tangible book 5.2x 7.6x 6.3x
EV/EBITDA 24.0x 26.7x 32.2x
EV/EBIT 35.9x 31.1x 44.7x
EV/Revenue 7.3x 6.9x 9.3x
EV/FCF 33.7x 40.2x 42.8x
EV/Operating cash flow 27.8x 31.7x 38.6x
PEG (3Y EPS CAGR) -3.24 3.45 -4.77

Growth

14 metrics
MetricDHRATECH
Revenue growth (1Y) 4.6% 8.6% -0.4%
Revenue CAGR (3Y) -0.5% 1.8% 2.2%
Gross profit growth (1Y) 2.6% 11.2% 1.1%
Gross profit CAGR (3Y) -0.9% 3.7% 1.3%
Operating income growth (1Y) 16.1% 13.5% 146.3%
Operating income CAGR (3Y) -7.1% 5.1% -5.5%
Net income growth (1Y) 17.3% 18.0% 147.8%
Net income CAGR (3Y) -14.3% 8.3% -14.0%
EPS growth (1Y) 19.2% 18.9% 152.0%
EPS CAGR (3Y) -12.5% 9.8% -13.1%
Operating cash flow growth (1Y) 7.6% 7.6% 1.6%
Operating cash flow CAGR (3Y) -7.6% -1.9% 4.7%
Free cash flow growth (1Y) 12.4% 16.5% 2.6%
Free cash flow CAGR (3Y) -9.0% -3.7% 6.8%

Profitability

14 metrics
MetricDHRATECH
Gross margin 58.5% 53.8% 65.8%
EBITDA margin 30.5% 25.9% 28.7%
Operating margin 20.4% 22.2% 20.7%
Pretax margin 19.0% 22.5% 19.8%
Net margin 15.9% 19.5% 15.0%
FCF margin 21.8% 17.2% 21.7%
Operating cash flow margin 26.4% 21.8% 24.0%
Return on equity 7.6% 19.9% 8.7%
Return on assets 4.5% 10.7% 7.1%
Return on invested capital 5.7% 13.1% 8.3%
Return on capital employed 6.4% 14.6% 10.5%
Asset turnover 0.3x 0.5x 0.5x
Cash conversion (OCF / net income) 1.7x 1.1x 1.6x
Stock comp / revenue 1.2% 1.8% 0.5%

Financial Health

11 metrics
MetricDHRATECH
Debt / assets 28.8% 28.3% 7.7%
Debt / equity 0.5x 0.5x 0.1x
Net debt / EBITDA 2.9x 1.1x -0.2x
Debt / FCF 4.9x 3.1x 0.8x
Liabilities / assets 43.1% 47.3% 18.5%
Equity / assets 56.9% 52.7% 81.5%
Interest coverage 17.6x 15.5x 26.2x
Current ratio 1.7x 2.1x 4.5x
Quick ratio 1.0x 1.4x 2.9x
Cash ratio 0.5x 0.8x 1.6x
Altman Z-score 3.70 5.75 15.88

Shareholder Returns

7 metrics
MetricDHRATECH
Dividend yield 0.7% 0.6% 0.4%
Net buyback yield 1.8% 0.6% -0.3%
Shareholder yield 2.5% 1.2% 0.1%
Payout ratio (earnings) – 19.9% 27.4%
Payout ratio (FCF) – 22.6% 19.0%
Dividend growth (1Y) – 2.1% -0.9%
Dividend CAGR (3Y) – 3.1% -0.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDHRATECH
Forward P/E 25.5xFY2026 26.5xFY2026 33.6xFY2027
EPS, next fiscal year $9.03FY2026 $6.54FY2026 $2.16FY2027
EPS growth, next FY +15.8%FY2026 +17.0%FY2026 +11.9%FY2027
EPS growth, the year after +8.9% +0.6% +5.1%
Revenue, next fiscal year $27.12BFY2026 $7.87BFY2026 $1.19BFY2027
Revenue growth, next FY +10.4%FY2026 +15.3%FY2026 -2.1%FY2027
Revenue growth, the year after -1.6% -5.6% +13.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDHRATECH
Held by institutions 81.9% 92.6% 100.0%
Institutions holding 2,115 1,122 597
Change in shares held, QoQ +1.1% +3.2% -0.6%
Institutions buying 837 599 293
Institutions selling 1,015 350 241
Buyers to sellers 0.82 1.71 1.22

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DHRATECH
DHR 1.00 0.60 0.39
A 0.60 1.00 0.48
TECH 0.39 0.48 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, DHR, A and TECH?

Danaher (DHR) is the largest by market capitalisation: Danaher (DHR) $164.19B, Agilent Technologies (A) $49.59B, Bio-Techne (TECH) $11.34B.

Which stock is cheaper, DHR, A and TECH?

Agilent Technologies (A) trades on the lowest price-to-earnings ratio (Danaher (DHR) 41.0x, Agilent Technologies (A) 34.4x, Bio-Techne (TECH) 62.3x). On next year's consensus earnings, Danaher (DHR) is cheapest (Danaher (DHR) 25.5x, Agilent Technologies (A) 26.5x, Bio-Techne (TECH) 33.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Agilent Technologies (A) grew revenue fastest over the trailing twelve months: Danaher (DHR) +4.6%, Agilent Technologies (A) +8.6%, Bio-Techne (TECH) -0.4%.

Which company is more profitable?

Agilent Technologies (A) has the highest net margin (Danaher (DHR) 15.9%, Agilent Technologies (A) 19.5%, Bio-Techne (TECH) 15.0%). On return on invested capital, Agilent Technologies (A) leads (Danaher (DHR) 5.7%, Agilent Technologies (A) 13.1%, Bio-Techne (TECH) 8.3%).

Which stock has performed better?

Over the past year Agilent Technologies (A) returned the most: Danaher (DHR) +3.5%, Agilent Technologies (A) +17.4%, Bio-Techne (TECH) +9.8%. Over five years, Agilent Technologies (A) compounded fastest (Danaher (DHR) -6.0%/yr, Agilent Technologies (A) +1.8%/yr, Bio-Techne (TECH) -10.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Agilent Technologies (A) has the highest dividend yield: Danaher (DHR) 0.00%, Agilent Technologies (A) 0.01%, Bio-Techne (TECH) 0.00%. Danaher (DHR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Danaher (DHR) has been the steadiest (Danaher (DHR) 30.6%, Agilent Technologies (A) 32.3%, Bio-Techne (TECH) 43.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DHR, A and TECH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Agilent Technologies (A) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.