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
DateValue
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%