Danaher (DHR) Return on Invested Capital [ROIC] (2009 - 2026)
Danaher (DHR) recorded Return on Invested Capital [ROIC] of 5.83% in Q3 2026, up 0.21 percentage points from 5.62% a year earlier and up 0.13 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).
- The Q3 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q1 2025.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in four of the last eight quarters, with an average year-over-year change of -0.15 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 2.26 percentage points in Q4 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 5.71% (Q2 2026), 5.66% (Q1 2026) and 5.74% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.79 Bn | 234.30 Bn | 5.13 Bn | 8.02% |
| 2 | Abbott Laboratories | 190.83 Bn | 164.70 Bn | 7.39 Bn | 5.70% |
| 3 | Danaher | 162.10 Bn | 141.75 Bn | 3.84 Bn | 5.83% |
| 4 | Intuitive Surgical | 158.05 Bn | 138.34 Bn | 2.08 Bn | - |
| 5 | Medtronic | 130.31 Bn | 95.56 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 124.76 Bn | 110.95 Bn | 4.25 Bn | 9.95% |
| 7 | Boston Scientific | 62.03 Bn | 57.46 Bn | 3.43 Bn | 9.94% |
| 8 | Edwards Lifesciences | 58.73 Bn | 41.94 Bn | 1.35 Bn | 8.68% |
| 9 | Becton Dickinson | 58.33 Bn | 55.48 Bn | 2.32 Bn | 5.27% |
| 10 | Agilent Technologies | 49.29 Bn | 42.18 Bn | 1.04 Bn | 13.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 25, 2026 | 5.83% |
| 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% |
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();