DANAHER CORP /DE/
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 18,418 | 26.0 |
| Stockholders' equity | 52,534 | 74.0 |
| Total capitalization | 70,952 | 100.0 |
702,986,054 shares outstanding at 16 July 2026 (cover page of the 10-Q filed 21 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 18,418 |
| Long-term debt, noncurrent | 18,416 |
| Current maturities | 2 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 2,000,000,000 |
| Common shares issued | 886,900,000 |
| Par or stated value per share ($) | 0.01 |
| Outstanding at 7/16/26 | 702,986,054 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 3823, Industrial Instruments For Measurement, Display, and Control. Large accelerated filer. Principal executive office: 2200 Pennsylvania Ave. N.W., Suite 800W, Washington, DC 20037-1701. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 24,568 | 23,875 | 23,890 |
| Cost of revenues | 10,045 | 9,669 | 9,856 |
| Gross profit | 14,523 | 14,206 | 14,034 |
| Research and development | 1,598 | 1,584 | 1,503 |
| Selling, general and administrative | 8,235 | 7,759 | 7,329 |
| Depreciation and amortization | 750 | 721 | 2,166 |
| Operating income | 4,690 | 4,863 | 5,202 |
| Interest expense | 265 | 278 | 286 |
| Income before income taxes | 4,233 | 4,646 | 5,044 |
| Income taxes | 633 | 747 | 823 |
| Net income | 3,614 | 3,899 | 4,764 |
| Earned per share, diluted ($) | 5.05 | 5.29 | 6.38 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Receivables, net | 3,913 | 3,537 |
| Inventories | 2,489 | 2,330 |
| Total current assets | 12,756 | 9,497 |
| Property, plant and equipment, net | 5,531 | 4,990 |
| Goodwill | 43,151 | 40,497 |
| Total assets | 83,464 | 77,542 |
| Total current liabilities | 6,807 | 6,798 |
| Long-term debt | 18,416 | 15,500 |
| Stockholders' equity | 52,534 | 49,543 |
| Total liabilities and equity | 83,464 | 77,542 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 24,568 | 4,690 | 3,614 | 14.7 | 5.05 | – | 6,416 | 1,156 | 5,260 | 83,464 | 30,923d | 18,418 | 52,534 | 6.9 | 0.35 |
| 12/31/24 | 23,875 | 4,863 | 3,899 | 16.3 | 5.29 | – | 6,688 | 1,392 | 5,296 | 77,542 | 27,992d | 16,005 | 49,543 | 7.9 | 0.32 |
| 12/31/23 | 23,890 | 5,202 | 4,764 | 19.9 | 6.38 | – | 7,164 | 1,383 | 5,781 | 84,488 | 30,998d | 18,402 | 53,486 | 8.9 | 0.34 |
| 12/31/22 | 26,643 | 7,536 | 7,209 | 27.1 | 9.66 | – | 8,519 | 1,118 | 7,401 | 84,350 | 34,260d | 19,677 | 50,082 | 14.4 | 0.39 |
| 12/31/21 | 24,802 | 6,377 | 6,433 | 25.9 | 8.61 | – | 8,358 | 1,240 | 7,118 | 83,184 | 38,007d | 22,176 | 45,167 | 14.2 | 0.49 |
| 12/31/20 | 22,284 | 4,231 | 3,646 | 16.4 | 4.89 | – | 6,208 | 791 | 5,417 | 76,161 | 36,384d | 21,204 | 39,766 | 9.2 | 0.53 |
| 12/31/19 | 17,911 | 3,269 | 3,008 | 16.8 | 4.05 | – | 3,952 | 636 | 3,316 | 62,082 | 31,800d | 21,729 | 30,271 | 9.9 | 0.72 |
| 12/31/18 | 19,893 | 3,055 | 2,651 | 13.3 | 3.74 | – | 4,022 | 584 | 3,438 | 47,833 | 19,608d | 9,740 | 28,214 | 9.4 | 0.35 |
| 12/31/17 | 18,330 | 2,572 | 2,492 | 13.6 | 3.53 | – | 3,478 | 571 | 2,907 | 46,649 | 20,281d | 10,522 | 26,358 | 9.5 | 0.40 |
| 12/31/16 | 16,882 | 2,735 | 2,554 | 15.1 | 3.65 | – | 3,522 | 590 | 2,932 | 45,295 | 22,218d | 12,269 | 23,003 | 11.1 | 0.53 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
DANAHER CORP /DE/
CIK 313616 · EIN 59-1995548
PRINCIPAL OFFICE:
2200 Pennsylvania Ave. N.W., Suite 800W, Washington, DC 20037-1701
Tel.: 2028280850
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
3823 · Industrial Instruments For Measurement, Display, and Control
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 24 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/24/26) · 10-K FY2024 (filed 2/20/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/22/23) · 10-K FY2021 (filed 2/23/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/21/20) · 10-K FY2018 (filed 2/21/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.