DHR vs QGEN Stock Comparison

Danaher and Qiagen Prices as of Oct 26, 2026 Peers: Industry group
DHR Danaher Corp /De/
$232.95 +3.7% 1M +4.5% 1Y
Market cap
$164.18B
P/E
41.0x
Revenue (TTM)
$25.11B
Div. yield
–
Life Sciences Tools Healthcare
4 wins
QGEN Qiagen N.V.
$50.37 +14.0% 1M -3.0% 1Y
Market cap
$10.94B
P/E
26.7x
Revenue (TTM)
$2.10B
Div. yield
–
Life Sciences Tools Healthcare
7 wins

Head to Head

11 decided of 12

Qiagen leads on 7 of the 12 questions below (Qiagen 7, Danaher 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDHRQGENLeader
Larger companyMarket capitalisation $164.18B $10.94B DHR
Cheaper on earningsLower P/E, profitable companies only 41.0x 26.7x QGEN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 25.8x 21.3x QGEN
Faster revenue growthRevenue growth, trailing twelve months +4.6% +3.0% DHR
More profitableNet margin, trailing twelve months 15.9% 19.5% QGEN
Better return on capitalReturn on invested capital 5.7% 7.9% QGEN
Less leveragedLower net debt / EBITDA 2.9x 1.3x QGEN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +4.5% -3.0% DHR
Better 5-year returnAnnualised price return, 5 years -5.3%/yr -3.3%/yr QGEN
Less volatileAnnualised volatility, 1 year 30.7% 35.8% DHR
Higher overall scoreMean of the five percentile scores vs peers 59/100 71/100 QGEN

Percentile Scorecard

DHRQGEN

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

AxisDHRQGEN
Valuation 67 #75 of 228 76 #56 of 228
Growth 21 #176 of 221 30 #155 of 221
Profitability 88 #26 of 208 92 #17 of 208
Financial Health 46 #130 of 239 63 #90 of 239
Shareholder Returns 76 #34 of 137 94 #9 of 137
Overall 59 71
  • DHR ranked among 248 companies in Medical Devices and Diagnostics
  • QGEN 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

PeriodDHRQGENSPY
1 month +3.7%+14.0% -0.8%
3 months +18.5%+22.6% +3.5%
6 months +29.0%+32.2% +7.0%
Year to date +1.8%+6.4% +12.2%
1 year +4.5%-3.0% +13.0%
3 years +24.0%+25.0% +86.3%
3 years, per year +7.4%+7.7% +23.1%
5 years -23.7%-15.6% +68.6%
5 years, per year -5.3%-3.3% +11.0%
10 years +199.7%+75.9% +258.0%
10 years, per year +11.6%+5.8% +13.6%

Risk

MeasureDHRQGENSPY
Volatility, 1Y 30.7%35.8% 12.7%
Downside volatility, 1Y 31.8%30.5% 12.7%
Beta vs S&P 500, 1Y 0.450.47 1.00
Return / volatility, 1Y 0.15-0.08 1.02
Max drawdown, 5Y -50.8%-48.2% -25.4%
From 52-week high -3.8%-9.5% -1.8%
52-week high $242.05$55.66 $779.14
52-week low $161.91$32.63 $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.

MultipleDHRQGEN
P/E now vs peer median 41.0xmedian 30.6x 26.7xmedian 30.6x
P/S now vs peer median 6.5xmedian 3.0x 5.2xmedian 3.0x
EV/EBITDA now vs peer median 24.3xmedian 17.5x 18.1xmedian 17.5x
P/FCF now vs peer median 30.0xmedian 23.3x 11.0xmedian 23.3x
P/B now vs peer median 3.1xmedian 2.4x 3.3xmedian 2.4x
PEG now vs peer median -3.28median 0.87 3.62median 0.87

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 monthsDHRQGEN
Revenue $25.11B $2.10B
Gross profit $14.69B $1.31B
Operating income $5.13B $445.43M
Net income $4.00B $409.32M
Free cash flow $5.47B $991.33M
R&D $1.62B $194.67M
EPS (diluted) $5.66 $1.87
Cash & equivalents $4.35B $768.50M
Total debt $26.56B $6.86B
Shares (diluted) 707.60M 218.88M
Enterprise value $147.99B $6.71B

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
MetricDHRQGEN
P/E 41.0x 26.7x
P/FCF 30.0x 11.0x
P/Operating cash flow 24.7x 16.7x
P/S 6.5x 5.2x
P/B 3.1x 3.3x
P/Tangible book 5.2x 3.6x
EV/EBITDA 24.3x 18.1x
EV/EBIT 36.3x 26.4x
EV/Revenue 7.4x 5.6x
EV/FCF 34.0x 11.9x
EV/Operating cash flow 28.0x 18.0x
PEG (3Y EPS CAGR) -3.28 3.62

Growth

14 metrics
MetricDHRQGEN
Revenue growth (1Y) 4.6% 3.0%
Revenue CAGR (3Y) -0.5% 2.0%
Gross profit growth (1Y) 2.6% 1.7%
Gross profit CAGR (3Y) -0.9% 1.3%
Operating income growth (1Y) 16.1% -4.9%
Operating income CAGR (3Y) -7.1% 3.3%
Net income growth (1Y) 17.3% 143.9%
Net income CAGR (3Y) -14.3% 6.7%
EPS growth (1Y) 19.2% 12.5%
EPS CAGR (3Y) -12.5% 7.4%
Operating cash flow growth (1Y) 7.6% -3.0%
Operating cash flow CAGR (3Y) -7.6% 8.0%
Free cash flow growth (1Y) 12.4% 2.3%
Free cash flow CAGR (3Y) -9.0% 10.5%

Profitability

14 metrics
MetricDHRQGEN
Gross margin 58.5% 62.2%
EBITDA margin 30.5% 31.0%
Operating margin 20.4% 21.2%
Pretax margin 19.0% 22.0%
Net margin 15.9% 19.5%
FCF margin 21.8% 47.2%
Operating cash flow margin 26.4% 31.2%
Return on equity 7.6% 12.2%
Return on assets 4.5% 7.0%
Return on invested capital 5.7% 7.9%
Return on capital employed 6.4% 8.5%
Asset turnover 0.3x 0.4x
Cash conversion (OCF / net income) 1.7x 1.6x
Stock comp / revenue 1.2% 2.1%

Financial Health

11 metrics
MetricDHRQGEN
Debt / assets 28.8% 27.9%
Debt / equity 0.5x 0.5x
Net debt / EBITDA 2.9x 1.3x
Debt / FCF 4.9x 1.7x
Liabilities / assets 43.1% 43.0%
Equity / assets 56.9% 57.0%
Interest coverage 17.6x 11.3x
Current ratio 1.7x 2.8x
Quick ratio 1.0x 2.0x
Cash ratio 0.5x 1.4x
Altman Z-score 3.72 4.08

Shareholder Returns

7 metrics
MetricDHRQGEN
Dividend yield 0.7% 5.2%
Net buyback yield 1.8% 0.6%
Shareholder yield 2.4% 5.8%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

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.

ConsensusDHRQGEN
Forward P/E 25.8xFY2026 21.3xFY2026
EPS, next fiscal year $9.03FY2026 $2.36FY2026
EPS growth, next FY +15.8%FY2026 -0.8%FY2026
EPS growth, the year after +8.9% +17.4%
Revenue, next fiscal year $27.12BFY2026 $2.25BFY2026
Revenue growth, next FY +10.4%FY2026 +7.8%FY2026
Revenue growth, the year after -1.6% -2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDHRQGEN
Held by institutions 81.9% 67.3%
Institutions holding 2,115 337
Change in shares held, QoQ +1.1% +16.5%
Institutions buying 837 215
Institutions selling 1,015 86
Buyers to sellers 0.82 2.50

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.

DHRQGEN
DHR 1.00 0.38
QGEN 0.38 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DHR and QGEN?

Danaher (DHR) is the largest by market capitalisation: Danaher (DHR) $164.18B, Qiagen (QGEN) $10.94B.

Which stock is cheaper, DHR and QGEN?

Qiagen (QGEN) trades on the lowest price-to-earnings ratio (Danaher (DHR) 41.0x, Qiagen (QGEN) 26.7x). On next year's consensus earnings, Qiagen (QGEN) is cheapest (Danaher (DHR) 25.8x, Qiagen (QGEN) 21.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Danaher (DHR) grew revenue fastest over the trailing twelve months: Danaher (DHR) +4.6%, Qiagen (QGEN) +3.0%.

Which company is more profitable?

Qiagen (QGEN) has the highest net margin (Danaher (DHR) 15.9%, Qiagen (QGEN) 19.5%). On return on invested capital, Qiagen (QGEN) leads (Danaher (DHR) 5.7%, Qiagen (QGEN) 7.9%).

Which stock has performed better?

Over the past year Danaher (DHR) returned the most: Danaher (DHR) +4.5%, Qiagen (QGEN) -3.0%. Over five years, Qiagen (QGEN) compounded fastest (Danaher (DHR) -5.3%/yr, Qiagen (QGEN) -3.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Danaher (DHR) has been the steadiest (Danaher (DHR) 30.7%, Qiagen (QGEN) 35.8%). Volatility measures how widely the price swings, not the risk of the business.

Do DHR and QGEN move together?

Their daily returns over the past year have a correlation of 0.38, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, DHR and QGEN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Qiagen (QGEN) 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.