Danaher Corporation (DHR) Financial Statements
Danaher financial statements at a glance
Danaher reported revenue of $24.57 billion for fiscal year 2025 (ended December 31, 2025), up 2.9% from fiscal year 2024. Net income was $3.61 billion, a net margin of 14.7%, and diluted earnings per share were $5.05.
At the end of fiscal year 2025 it had total assets of $83.46 billion, total liabilities of $30.92 billion and shareholders' equity of $52.53 billion, with cash and short-term investments of $4.62 billion and total debt of $19.70 billion.
Its operations brought in $6.42 billion of cash; capital spending was $1.16 billion, leaving free cash flow of $5.26 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Danaher Corporation
Income Statement
Annual • USD
Danaher key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $24.6B | $23.9B | $23.9B | $26.6B | $24.8B |
| Gross profit | $14.5B | $14.2B | $14.0B | $16.2B | $15.2B |
| Operating income | $4.7B | $4.9B | $5.2B | $7.5B | $6.4B |
| Net income | $3.6B | $3.9B | $4.7B | $7.1B | $6.3B |
| Diluted EPS | $5.05 | $5.29 | $6.38 | $9.66 | $8.61 |
| Total assets | $83.5B | $77.5B | $84.5B | $84.4B | $83.2B |
| Total liabilities | $30.9B | $28.0B | $31.0B | $34.3B | $38.0B |
| Shareholders' equity | $52.5B | $49.5B | $53.5B | $50.1B | $45.2B |
| Cash and short-term investments | $4.6B | $2.1B | $5.9B | $6.0B | $2.6B |
| Total debt | $19.7B | $17.1B | $19.5B | $20.6B | $23.3B |
| Operating cash flow | $6.4B | $6.7B | $7.2B | $8.5B | $8.4B |
| Capital spending | $1.2B | $1.4B | $1.4B | $1.1B | $1.2B |
| Free cash flow | $5.3B | $5.3B | $5.8B | $7.4B | $7.1B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Danaher's revenue in fiscal year 2025?
$24.57 billion, up 2.9% from $23.88 billion in fiscal year 2024.
How much profit does Danaher make?
Danaher reported net income of $3.61 billion for fiscal year 2025 (14.7% of revenue); operating income was $4.69 billion.
How much cash and debt does Danaher have?
At the end of fiscal year 2025: cash and short-term investments of $4.62 billion and total debt of $19.70 billion.
What is Danaher's free cash flow?
$5.26 billion in fiscal year 2025 (operating cash flow of $6.42 billion minus capital spending of $1.16 billion).
