Danaher (DHR) Return on Invested Capital [ROIC] (2009 - 2026)
Danaher (DHR) recorded Return on Invested Capital [ROIC] of 5.71% in Q2 2026, up 0.31 percentage points from 5.40% a year earlier and up 0.04 percentage points from the prior quarter.
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Analysis
Danaher (DHR) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Danaher reported Return on Invested Capital [ROIC] of 5.84%, down 0.09 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has declined for three straight years, with a five-year change of -0.23 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 5.94% in FY2024 (-0.21 pp), 6.15% in FY2023 (-3.59 pp), 9.73% in FY2022 (+1.42 pp) and 8.31% in FY2021 (+2.24 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 5.40% in Q2 2025 to 9.81% in Q4 2022 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in three of the last eight quarters, with an average year-over-year change of -0.33 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 3.79 percentage points in Q3 2021, against a drop of 3.86 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.66% (Q1 2026), 5.74% (Q4 2025) and 5.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 7.89% |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 6.20% |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 5.71% |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | - |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 10.46% |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 10.53% |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 5.27% |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 8.99% |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 18.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 5.71% |
| Mar 27, 2026 | 5.66% |
| Dec 31, 2025 | 5.74% |
| Sep 26, 2025 | 5.62% |
| Jun 27, 2025 | 5.40% |
| Mar 28, 2025 | 6.07% |
| Dec 31, 2024 | 6.07% |
| Sep 27, 2024 | 6.07% |
| Jun 28, 2024 | 6.19% |
| Mar 29, 2024 | 5.91% |
| Dec 31, 2023 | 5.95% |
| Sep 29, 2023 | 7.35% |
| Jun 30, 2023 | 8.06% |
| Mar 31, 2023 | 8.98% |
| Dec 31, 2022 | 9.81% |
| Sep 30, 2022 | 8.21% |
| Jul 1, 2022 | 7.65% |
| Apr 1, 2022 | 7.81% |
| Dec 31, 2021 | 7.94% |
| Oct 1, 2021 | 8.73% |
API Access
Danaher Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=DHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=DHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();