Danaher (DHR) Gross Margin (2009 - 2026)
Danaher's Gross Margin was 57.64% in Q2 2026, down 1.71 percentage points from 59.35% a year earlier and down 2.71 percentage points from the prior quarter.
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Analysis
Danaher (DHR) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Danaher's Gross Margin was 58.51% through Jun 26, 2026, down 1.14 percentage points year-over-year; for FY2025, it came in at 59.11%, down 0.39 percentage points from FY2024.
- Gross Margin shows a five-year change of +3.13 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 59.50% in FY2024 (+0.76 pp), 58.74% in FY2023 (-2.01 pp), 60.76% in FY2022 (-0.68 pp) and 61.44% in FY2021 (+5.46 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q2 2023.
- Compared with a year earlier, Gross Margin has declined for five straight quarters, with an average year-over-year change of -0.36 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q3 2021 (a gain of 5.47 percentage points); the worst was Q2 2023 (a drop of 5.35 percentage points).
- Per Business Quant data, DHR's Gross Margin in the three quarters before Q2 2026 was 60.34% (Q1 2026), 58.00% (Q4 2025) and 58.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 70.71% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 46.46% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 77.46% |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 55.48% |
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% |
API Access
Danaher Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=DHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "DHR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=DHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();