Danaher (DHR) Net Margin (2009 - 2026)
Danaher (DHR) posted Net Margin of 13.89% for Q2 2026, up 4.54 percentage points from 9.35% a year earlier but down 3.40 percentage points from the prior quarter.
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Analysis
Danaher (DHR) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 26, 2026, Net Margin at Danaher was 15.95%, up 1.73 percentage points year-over-year; for FY2025, it came in at 14.71%, down 1.62 percentage points from FY2024.
- Annual Net Margin has declined for three consecutive years, with a five-year change of -1.04 percentage points (FY2020 to FY2025).
- In prior years, Danaher's Net Margin was 16.33% in FY2024 (-3.52 pp), 19.85% in FY2023 (-6.81 pp), 26.66% in FY2022 (+1.38 pp) and 25.28% in FY2021 (+9.52 pp).
- Quarterly Net Margin has run from a low of 9.35% in Q2 2025 to a high of 49.96% in Q4 2021 over five years.
- On a year-over-year basis, Net Margin has increased in each of the last four quarters, with an average year-over-year change of -0.98 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2021, with a gain of 32.21 percentage points; the weakest was Q4 2022, with a drop of 18.98 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 17.29% (Q1 2026), 17.51% (Q4 2025) and 15.00% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 16.67% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 7.57% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 13.89% |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 19.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 13.89% |
| Mar 27, 2026 | 17.29% |
| Dec 31, 2025 | 17.51% |
| 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% |
API Access
Danaher Net 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=net-margin&ticker=DHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=DHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();