Danaher (DHR) Net Margin (2009 - 2026)

Danaher (DHR) recorded quarterly Net Margin of 17.29% in Q1 2026, little changed quarter-over-quarter from 17.3% in Q4 2025, and up 67.0% on a YoY basis from 10.35% in Q1 2025.

Danaher (DHR) Net Margin (2009 - 2026) Analysis & Trends

Danaher's Net Margin history runs 18 years deep, the most recent figure standing at 17.29% for Q1 2026.

  • In Q1 2026, Net Margin rose 67.0% year-over-year to 17.29%; the TTM figure through Mar 2026 stood at 14.83% (down 97.0% YoY), while the FY2025 annual figure was 14.71%, down 162.0% from the prior year.
  • Net Margin was 17.29% for Q1 2026 at Danaher, roughly flat from 17.3% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 30.98% in Q4 2022 to a low of 9.35% in Q2 2025.
  • Historically, Net Margin has averaged 19.22% across 5 years, with a median of 17.3% in 2025.
  • Biggest YoY gain for Net Margin was 858 bps in 2022; the steepest drop was 1898 bps in 2022.
  • A 5-year view of Net Margin shows it stood at 30.98% in 2022, then plunged by 46 bps to 16.85% in 2023, then decreased by 1 bps to 16.61% in 2024, then grew by 4 bps to 17.3% in 2025, then slipped by 0 bps to 17.29% in 2026.
  • The last three Net Margin figures came in at 17.29% (Q1 2026), 17.3% (Q4 2025), and 15.0% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Waters 29,902.70 Bn 29,902.24 Bn 1.11 Bn -5.68%
2 Thermo Fisher Scientific 175.99 Bn 172.74 Bn 7.74 Bn 15.06%
3 Danaher 129.87 Bn 124.18 Bn 3.59 Bn 17.29%
4 Idexx Laboratories 44.75 Bn 44.55 Bn 722.74 Mn 24.41%
5 Agilent Technologies 37.52 Bn 35.72 Bn 990.00 Mn 18.47%
6 Iqvia Holdings 30.91 Bn 28.94 Bn 1.36 Bn 3.40%
7 Natera 30.21 Bn 29.11 Bn 696.04 Mn -12.22%
8 Illumina 24.19 Bn 23.04 Bn 721.00 Mn 12.28%
9 Mettler Toledo International 23.12 Bn 23.06 Bn 555.82 Mn 17.89%
10 Quest Diagnostics 21.68 Bn 21.59 Bn 942.00 Mn -1.38%

Historic Data

Download Data
DateValue
Mar 27, 2026 17.29%
Dec 31, 2025 17.30%
Sep 26, 2025 15.00%
Jun 27, 2025 9.35%
Mar 28, 2025 16.62%
Dec 31, 2024 16.61%
Sep 27, 2024 14.11%
Jun 28, 2024 15.79%
Mar 29, 2024 18.77%
Dec 31, 2023 16.85%
Sep 29, 2023 20.07%
Jun 30, 2023 18.71%
Mar 31, 2023 24.02%
Dec 31, 2022 30.98%
Sep 30, 2022 24.03%
Jul 1, 2022 25.40%
Apr 1, 2022 25.80%
Dec 31, 2021 49.96%
Oct 1, 2021 15.45%
Jul 2, 2021 24.16%