Danaher (DHR) Gross Margin (2009 - 2026)
Danaher (DHR) posted Gross Margin of 57.64% for Q2 2026, down 4.48% on a QoQ basis from 60.34% in Q1 2026, and down 171.0% year-over-year from 81.18% in Q2 2025.
Analysis
Danaher (DHR) Gross Margin (2009 - 2026) Analysis & Trends
Danaher has reported Gross Margin for 18 years, with the latest figure at 57.64% in Q2 2026.
- On a quarterly basis, Gross Margin fell 171.0% year-over-year to 57.64% in Q2 2026; TTM through Jun 2026 was 58.51%, a 114.0% decrease from a year earlier, with the FY2025 full-year figure at 59.11%, down 39.0% from the prior year.
- Gross Margin was 57.64% for Q2 2026 at Danaher, down from 60.34% in the prior quarter.
- The five-year high for Gross Margin was 62.18% in Q2 2022, with the low at 56.12% in Q2 2023.
- Average Gross Margin over 5 years is 59.49%, with a median of 59.42% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 535 bps in 2023, then soared 357 bps in 2024.
- Over 5 years, Gross Margin stood at 59.24% in 2022, then fell by 0 bps to 59.0% in 2023, then rose by 1 bps to 59.5% in 2024, then decreased by 3 bps to 58.0% in 2025, then declined by 1 bps to 57.64% in 2026.
- The last three Gross Margin figures came in at 57.64% (Q2 2026), 60.34% (Q1 2026), and 58.0% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 57.64% |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 55.48% |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 66.44% |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 57.13% |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 65.82% |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 53.12% |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 53.91% |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | 74.48% |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | 49.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 57.64% |
| 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% |