DANAHER CORP /DE/ (DHR) Factsheet

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DANAHER CORP /DE/ (DHR) Stock Analysis

Analysis from 10-Q filed 2026-10-21. Data as of Q3 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 6.1%. FCF margin 22.4%. D/E 0.5x. Source: 10-Q filed 2026-10-21.

Metric Value Context
ROIC 6.1% Below expectations
FCF Margin 22.4% Strong cash generation
Debt/Equity 0.5x Conservative leverage

ROIC 6.1% — Top 50% of sector peers. FCF margin 22.4% — Top 5%.

Explore DANAHER CORP /DE/: Earnings History | Overview

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for DHR: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_section, get_metric_history, compare_companies, screen_filing_signals.


Profitability: DANAHER CORP /DE/ earns 6.1% ROIC, Top 50% in Other

ROIC TTM 6.1%, sector median 5.5%, Top 50%. DuPont: NOPAT margin 18.1% × asset turnover 0.3x. Gross margin 58.6%. Operating margin 20.4%. Source: 10-Q filed 2026-10-21.

Metric DHR Rating Context
Return on Invested Capital (ROIC) 6.1% Warning Above sector median of 5.5%
Return on Equity (ROE) 8.2% Adequate Moderate equity returns
Gross Margin 58.6% Excellent Strong pricing power
Operating Margin 20.4% Excellent Efficient operations

Cash Flow: DANAHER CORP /DE/ generates $5.7B FCF at 22.4% margin, positive NaN/8 quarters

FCF TTM $5.7B. FCF margin 22.4%, Top 5%. OCF/Net income 1.6x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2026-10-21.

Metric DHR Rating Context
Free Cash Flow Margin 22.4% Excellent Excellent cash conversion
Free Cash Flow (TTM) $5.7B Good Positive cash generation
OCF/Net Income 1.6x Excellent High earnings quality
FCF Consistency (8Q) N/A Warning Variable cash flow

Balance Sheet: DANAHER CORP /DE/ at 0.5x leverage, 14.5x interest coverage

Debt/Equity 0.5x. Total debt $26.5B, cash & investments $5.7B. Interest coverage 14.5x. Source: 10-Q filed 2026-10-21.

Metric DHR Rating Context
Debt to Equity 0.5x Good Conservative capital structure
Net Cash Position $-20.8B Warning Net debt position
Interest Coverage 14.5x Excellent Comfortable debt service

Valuation: DANAHER CORP /DE/ trades at 37.7x earnings

P/E 37.7x. EV/Sales 7.2x. FCF yield 3.5%. Dividend yield 0.6%. Source: 10-Q filed 2026-10-21.

Metric DHR Rating Context
P/E Ratio 37.7x Adequate Premium valuation
EV/Sales 7.2x Adequate Growth premium priced in
FCF Yield 3.5% Adequate Lower cash yield
Dividend Yield 0.6% Adequate Growth focus over income

Capital Allocation: DANAHER CORP /DE/ returns 1.2% shareholder yield, reducing shares 0.4% YoY

Total shareholder yield 1.2% (div 0.6% + buyback 0.5%). Share count -0.4% YoY. Capital returned $1.9B TTM. Source: 10-Q filed 2026-10-21.

Metric DHR Rating Context
Total Shareholder Yield 1.2% Adequate Dividend + buyback yield combined
Buyback Yield 0.5% Adequate Minimal buyback activity
Share Count Change (YoY) -0.4% Adequate Net share reduction (accretive)
Total Capital Returned (TTM) $1.9B Good Dividends + buybacks returned to shareholders

Sector Rankings

Metric Value Percentile vs Median
Return on Invested Capital (ROIC) 6.1% Top 50% 1.1x above
Free Cash Flow Margin 22.4% Top 5% 11.6x above
Gross Margin 58.6% Top 25% 2.0x above
Operating Margin 20.4% Top 50% 2.4x above
Return on Equity (ROE) 8.2% Top 50% 1.4x above
P/E Ratio 37.7x N/A -

Financial Scorecard

Metric DHR Rating Sector Context
Return on Invested Capital (ROIC) 6.1% Warning Top 50% of sector (median: 5.5%)
Free Cash Flow Margin 22.4% Excellent Top 5% of sector (median: 1.9%)
Gross Margin 58.6% Excellent Top 25% of sector (median: 29.1%)
Debt to Equity Ratio 49.4% Good Moderate leverage
P/E Ratio (Price-to-Earnings) 37.7x Adequate High expectations priced in
Free Cash Flow Yield 3.5% Adequate Moderate yield

Frequently Asked Questions

Q: What is DANAHER CORP /DE/'s Return on Invested Capital (ROIC)?

DANAHER CORP /DE/ (DHR) has a trailing twelve-month Return on Invested Capital (ROIC) of 6.1%. The 8-quarter median ROIC is 6.2% with a declining trend. Sector median 5.5%. Source: 10-Q filed 2026-10-21.

Q: What is DANAHER CORP /DE/'s Free Cash Flow Margin?

DANAHER CORP /DE/ (DHR) has a free cash flow margin of 22.4%, generating $5.7 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2026-10-21.

Q: What is DANAHER CORP /DE/'s P/E ratio and how does it compare to peers?

DANAHER CORP /DE/ (DHR) trades at a P/E ratio of 37.7x, which is above the sector median of N/A. EV/Sales 7.2x. FCF yield 3.5%. Source: 10-Q filed 2026-10-21.

Q: Does DANAHER CORP /DE/ pay a dividend?

DANAHER CORP /DE/ (DHR) currently pays a dividend yield of 0.6%. Total shareholder yield (dividend + buybacks) 1.2%. Source: 10-Q filed 2026-10-21.

Q: What is DANAHER CORP /DE/'s revenue and earnings growth?

DANAHER CORP /DE/ (DHR) grew revenue by 5.5% year-over-year. EPS +25.7% YoY. Source: 10-Q filed 2026-10-21.

Q: Is DANAHER CORP /DE/ buying back stock?

DANAHER CORP /DE/ (DHR) repurchased $894.0 million of stock over the trailing twelve months. This represents a buyback yield of 0.5%. Share count -0.4% YoY. Source: 10-Q filed 2026-10-21.

Q: How does DANAHER CORP /DE/ compare to competitors in Other?

Compared to other companies in Other, DANAHER CORP /DE/ (DHR) shows: ROIC 6.1%, sector median 5.5% (Top 50%). FCF margin 22.4%, sector median 1.9% (Top 5%). Gross margin 58.6%, 29.5pp above sector median. These rankings are based on MetricDuck's analysis of all Other companies with available SEC filings.

Q: What warning signs should I watch for with DANAHER CORP /DE/?

No quantitative warning flags fired for DANAHER CORP /DE/ (DHR) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2026-10-21.


Data Source: Data sourced from 10-Q filed 2026-10-21. TTM metrics as of Q3 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.

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