Danaher (DHR) Gross Margin (2009 - 2026)
Danaher (DHR) posted quarterly Gross Margin of 60.34% for Q1 2026, down 81.0% year-over-year from 317.59% in Q1 2025, and up 4.04% on a QoQ basis from 58.0% in Q4 2025.
Danaher (DHR) Gross Margin (2009 - 2026) Analysis & Trends
Danaher (DHR) has reported Gross Margin for 18 consecutive years, with 60.34% the latest figure, recorded in 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 came in at 60.34% for Q1 2026 at Danaher, up from 58.0% 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 59.6%, with a median of 59.5% recorded in 2024.
- Across the five-year window, Gross Margin plunged 535 bps in 2023 and surged 357 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 59.24% in 2022, then decreased by 0 bps to 59.0% in 2023, then advanced by 1 bps to 59.5% in 2024, then dropped by 3 bps to 58.0% in 2025, then advanced by 4 bps to 60.34% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 60.34%, 58.0%, and 58.2% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 63.35% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 99.91% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 53.95% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 32.64% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 58.68% |
| 10 | Quest Diagnostics | 23.76 Bn | 23.67 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% |