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
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%