Danaher (DHR) Net Margin (2009 - 2026)
Danaher (DHR) posted Net Margin of 13.89% for Q2 2026, down 19.69% on a QoQ basis from 17.29% in Q1 2026, and up 454.0% year-over-year from 2.51% in Q2 2025.
Analysis
Danaher (DHR) Net Margin (2009 - 2026) Analysis & Trends
Danaher has reported Net Margin for 18 years, with the latest figure at 13.89% in Q2 2026.
- On a quarterly basis, Net Margin rose 454.0% year-over-year to 13.89% in Q2 2026; TTM through Jun 2026 was 15.89%, a 168.0% increase from a year earlier, with the FY2025 full-year figure at 14.71%, down 162.0% from the prior year.
- Net Margin was 13.89% for Q2 2026 at Danaher, down from 17.29% 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 18.92%, 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.
- Over 5 years, Net Margin stood at 30.98% in 2022, then tumbled by 46 bps to 16.85% in 2023, then slipped by 1 bps to 16.61% in 2024, then increased by 4 bps to 17.3% in 2025, then declined by 20 bps to 13.89% in 2026.
- The last three Net Margin figures came in at 13.89% (Q2 2026), 17.29% (Q1 2026), and 17.3% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 14.65% |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 13.89% |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 19.28% |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 17.86% |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 7.10% |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 17.01% |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 57.05% |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 2.45% |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | -11.87% |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | -7.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 13.89% |
| 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% |