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| Date | Value |
|---|---|
| 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% |