Danaher (DHR) Net Margin (2009 - 2026)

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

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

Danaher (DHR) has reported Net Margin for 18 consecutive years, with 17.29% the latest figure, recorded in 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 came in at 17.29% for Q1 2026 at Danaher, roughly flat from 17.3% in the prior quarter.
  • The five-year high for Net Margin was 30.98% in Q4 2022, with the low at 9.35% in Q2 2025.
  • Average Net Margin over 5 years is 19.22%, with a median of 17.3% recorded in 2025.
  • The largest YoY upside for Net Margin was 858 bps in 2022 against a maximum downside of 1898 bps in 2022.
  • Year by year, Net Margin stood at 30.98% in 2022, then sank by 46 bps to 16.85% in 2023, then declined by 1 bps to 16.61% in 2024, then gained by 4 bps to 17.3% in 2025, then fell by 0 bps to 17.29% in 2026.
  • According to Business Quant data, Net Margin over the past three periods registered 17.29%, 17.3%, and 15.0% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn -5.68%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 15.06%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 17.29%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 24.41%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn -12.22%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 18.47%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 3.40%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 12.28%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 17.89%
10 Quest Diagnostics 23.76 Bn 23.67 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%