Danaher (DHR) Gross Margin (2009 - 2026)
Danaher (DHR) posted quarterly Gross Margin of 57.64% for Q2 2026, down 171.0% year-over-year from 81.18% in Q2 2025, and down 4.48% quarter-over-quarter from 60.34% in Q1 2026.
Danaher (DHR) Gross Margin (2009 - 2026) Analysis & Trends
Danaher's Gross Margin history runs 18 years deep, the most recent figure standing at 57.64% for Q2 2026.
- In Q2 2026, Gross Margin fell 171.0% year-over-year to 57.64%; the TTM figure through Jun 2026 stood at 58.51% (down 114.0% YoY), while the FY2025 annual figure was 59.11%, down 39.0% from the prior year.
- Gross Margin for Q2 2026 stood at 57.64%, 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.
- The 5-year median for Gross Margin is 59.42% (2024), against an average of 59.49%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 535 bps in 2023, then jumped 357 bps in 2024.
- Danaher's Gross Margin stood at 59.24% in 2022, then dropped by 0 bps to 59.0% in 2023, then grew by 1 bps to 59.5% in 2024, then fell by 3 bps to 58.0% in 2025, then slipped by 1 bps to 57.64% in 2026.
- Business Quant data shows DHR's Gross Margin at 57.64% in Q2 2026, 60.34% in Q1 2026, and 58.0% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.88 Bn | 209.81 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 140.65 Bn | 136.30 Bn | 3.61 Bn | 57.64% |
| 3 | Idexx Laboratories | 46.02 Bn | 45.83 Bn | 779.09 Mn | 64.04% |
| 4 | Agilent Technologies | 39.85 Bn | 38.05 Bn | 990.00 Mn | 53.95% |
| 5 | Iqvia Holdings | 39.20 Bn | 37.12 Bn | 1.44 Bn | 32.85% |
| 6 | Natera | 38.80 Bn | 37.70 Bn | 696.04 Mn | 99.91% |
| 7 | Illumina | 30.11 Bn | 28.94 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.66 Bn | 28.61 Bn | 650.22 Mn | 63.29% |
| 9 | Quest Diagnostics | 26.24 Bn | 25.61 Bn | 1.03 Bn | 33.75% |
| 10 | Labcorp Holdings | 25.87 Bn | 24.89 Bn | 1.01 Bn | 28.66% |
Historic Data
Download 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% |