Danaher (DHR) Gross Margin (2009 - 2026)
Danaher (DHR) recorded quarterly Gross Margin of 60.34% in Q1 2026, up 4.04% quarter-over-quarter from 58.0% in Q4 2025, and down 81.0% on a YoY basis from 317.59% in Q1 2025.
Danaher (DHR) Gross Margin (2009 - 2026) Analysis & Trends
Danaher's Gross Margin history runs 18 years deep, the most recent figure standing at 60.34% for Q1 2026.
- In Q1 2026, Gross Margin fell 81.0% year-over-year to 60.34%; the TTM figure through Mar 2026 stood at 58.94% (down 80.0% YoY), while the FY2025 annual figure was 59.11%, down 39.0% from the prior year.
- Gross Margin was 60.34% for Q1 2026 at Danaher, up from 58.0% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 62.18% in Q2 2022 to a low of 56.12% in Q2 2023.
- Historically, Gross Margin has averaged 59.6% across 5 years, with a median of 59.5% in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 535 bps in 2023, then surged 357 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 59.24% in 2022, then declined by 0 bps to 59.0% in 2023, then increased by 1 bps to 59.5% in 2024, then retreated by 3 bps to 58.0% in 2025, then increased by 4 bps to 60.34% in 2026.
- The last three Gross Margin figures came in at 60.34% (Q1 2026), 58.0% (Q4 2025), and 58.2% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 63.35% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 53.95% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 32.64% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 99.91% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 58.68% |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | 32.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 27, 2026 | 60.34% |
| Dec 31, 2025 | 58.00% |
| Sep 26, 2025 | 58.20% |
| Jun 27, 2025 | 59.35% |
| Mar 28, 2025 | 61.16% |
| Dec 31, 2024 | 59.50% |
| Sep 27, 2024 | 58.66% |
| Jun 28, 2024 | 59.69% |
| Mar 29, 2024 | 60.16% |
| Dec 31, 2023 | 59.00% |
| Sep 29, 2023 | 58.23% |
| Jun 30, 2023 | 56.12% |
| Mar 31, 2023 | 61.56% |
| Dec 31, 2022 | 59.24% |
| Sep 30, 2022 | 60.28% |
| Jul 1, 2022 | 61.47% |
| Apr 1, 2022 | 62.18% |
| Dec 31, 2021 | 63.77% |
| Oct 1, 2021 | 60.30% |
| Jul 2, 2021 | 60.92% |