Danaher (DHR) Return on Capital Employed [ROCE] (2009 - 2026)
Danaher (DHR) reported Return on Capital Employed [ROCE] of 6.23% for Q3 2026, up 0.03 percentage points from 6.20% a year earlier but down 0.19 percentage points from the prior quarter.
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Analysis
Danaher (DHR) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Danaher posted Return on Capital Employed [ROCE] of 6.36%, down 0.19 percentage points from FY2024.
- Return on Capital Employed [ROCE] has declined for three consecutive years, with a five-year change of -0.49 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 6.55% in FY2024 (-0.28 pp), 6.83% in FY2023 (-3.17 pp), 10.00% in FY2022 (+1.08 pp) and 8.91% in FY2021 (+2.06 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of 6.00% in Q2 2025 and a high of 10.14% in Q4 2022.
- Year over year, Return on Capital Employed [ROCE] gained in four of the last eight quarters, with an average year-over-year change of -0.18 percentage points.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q4 2021 (a gain of 2.23 percentage points); the low point was Q4 2023 (a drop of 3.46 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 6.42% (Q2 2026), 6.26% (Q1 2026) and 6.26% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.79 Bn | 234.30 Bn | 5.13 Bn | 8.51% |
| 2 | Abbott Laboratories | 190.83 Bn | 164.70 Bn | 7.39 Bn | 7.18% |
| 3 | Danaher | 162.10 Bn | 141.75 Bn | 3.84 Bn | 6.23% |
| 4 | Intuitive Surgical | 158.05 Bn | 138.34 Bn | 2.08 Bn | 18.68% |
| 5 | Medtronic | 130.31 Bn | 95.56 Bn | 6.34 Bn | 8.34% |
| 6 | Stryker | 124.76 Bn | 110.95 Bn | 4.25 Bn | 13.22% |
| 7 | Boston Scientific | 62.03 Bn | 57.46 Bn | 3.43 Bn | 9.99% |
| 8 | Edwards Lifesciences | 58.73 Bn | 41.94 Bn | 1.35 Bn | 11.59% |
| 9 | Becton Dickinson | 58.33 Bn | 55.48 Bn | 2.32 Bn | 6.00% |
| 10 | Agilent Technologies | 49.29 Bn | 42.18 Bn | 1.04 Bn | 14.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 25, 2026 | 6.23% |
| Jun 26, 2026 | 6.42% |
| Mar 27, 2026 | 6.26% |
| Dec 31, 2025 | 6.26% |
| Sep 26, 2025 | 6.20% |
| Jun 27, 2025 | 6.00% |
| Mar 28, 2025 | 6.73% |
| Dec 31, 2024 | 6.73% |
| Sep 27, 2024 | 6.61% |
| Jun 28, 2024 | 6.73% |
| Mar 29, 2024 | 6.56% |
| Dec 31, 2023 | 6.68% |
| Sep 29, 2023 | 7.62% |
| Jun 30, 2023 | 8.35% |
| Mar 31, 2023 | 9.38% |
| Dec 31, 2022 | 10.14% |
| Sep 30, 2022 | 9.00% |
| Jul 1, 2022 | 8.26% |
| Apr 1, 2022 | 8.33% |
| Dec 31, 2021 | 8.54% |
API Access
Danaher Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=DHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=DHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();