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Danaher Corp. (DHR)
NYSE:DHR
US Market
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Danaher (DHR) Ratios

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Danaher Ratios

DHR's free cash flow for Q3 2025 was $0.58. For the 2025 fiscal year, DHR's free cash flow was decreased by $ and operating cash flow was $0.19. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
1.52 1.68 1.89 1.43 1.86
Quick Ratio
1.10 1.37 1.52 1.09 1.55
Cash Ratio
0.24 0.71 0.71 0.32 0.82
Solvency Ratio
0.21 0.22 0.27 0.23 0.15
Operating Cash Flow Ratio
1.00 0.87 1.02 1.03 0.84
Short-Term Operating Cash Flow Coverage
274.70 4.23 14.41 1.04K 564.36
Net Current Asset Value
$ -19.22B$ -17.06B$ -18.38B$ -26.36B$ -22.58B
Leverage Ratios
Debt-to-Assets Ratio
0.21 0.23 0.23 0.27 0.28
Debt-to-Equity Ratio
0.33 0.37 0.39 0.49 0.53
Debt-to-Capital Ratio
0.25 0.27 0.28 0.33 0.35
Long-Term Debt-to-Capital Ratio
0.25 0.24 0.28 0.33 0.35
Financial Leverage Ratio
1.56 1.58 1.68 1.84 1.92
Debt Service Coverage Ratio
21.06 3.37 10.76 35.59 20.07
Interest Coverage Ratio
19.86 18.19 41.18 31.37 15.39
Debt to Market Cap
0.11 0.11 0.12 0.11 0.15
Interest Debt Per Share
24.10 26.91 27.43 31.37 30.41
Net Debt to EBITDA
2.23 1.82 1.41 1.96 2.30
Profitability Margins
Gross Profit Margin
61.37%58.74%60.21%60.95%55.98%
EBIT Margin
18.32%22.31%23.35%26.62%21.41%
EBITDA Margin
28.29%31.39%30.86%33.98%29.57%
Operating Profit Margin
22.17%21.77%27.61%25.35%18.99%
Pretax Profit Margin
17.20%21.11%26.35%25.80%20.17%
Net Profit Margin
14.43%19.94%22.91%21.84%16.36%
Continuous Operations Profit Margin
14.43%17.67%20.11%18.49%16.36%
Net Income Per EBT
83.90%94.45%86.94%84.67%81.11%
EBT Per EBIT
77.59%96.96%95.44%101.78%106.24%
Return on Assets (ROA)
4.38%5.64%8.55%7.73%4.79%
Return on Equity (ROE)
6.88%8.91%14.39%14.24%9.17%
Return on Capital Employed (ROCE)
7.31%6.83%11.44%9.95%6.15%
Return on Invested Capital (ROIC)
6.13%5.57%9.85%8.29%4.98%
Return on Tangible Assets
18.58%21.52%29.67%33.58%18.74%
Earnings Yield
2.21%2.80%4.23%3.09%2.62%
Efficiency Ratios
Receivables Turnover
6.46 6.09 7.53 6.36 5.51
Payables Turnover
5.52 5.58 6.75 4.48 4.79
Inventory Turnover
3.51 3.80 4.03 4.16 4.28
Fixed Asset Turnover
4.51 5.25 7.96 7.77 6.83
Asset Turnover
0.30 0.28 0.37 0.35 0.29
Working Capital Turnover Ratio
6.48 3.63 5.72 5.95 1.65
Cash Conversion Cycle
94.48 90.59 85.02 63.67 75.30
Days of Sales Outstanding
56.48 59.92 48.47 57.39 66.25
Days of Inventory Outstanding
104.12 96.06 90.65 87.81 85.29
Days of Payables Outstanding
66.12 65.40 54.10 81.53 76.24
Operating Cycle
160.60 155.99 139.12 145.20 151.54
Cash Flow Ratios
Operating Cash Flow Per Share
8.89 9.73 11.75 11.70 8.79
Free Cash Flow Per Share
7.06 7.85 10.16 9.89 7.67
CapEx Per Share
1.83 1.88 1.59 1.81 1.12
Free Cash Flow to Operating Cash Flow
0.79 0.81 0.86 0.85 0.87
Dividend Paid and CapEx Coverage Ratio
2.94 3.25 4.32 4.11 4.42
Capital Expenditure Coverage Ratio
4.86 5.18 7.39 6.46 7.85
Operating Cash Flow Coverage Ratio
0.37 0.37 0.43 0.38 0.29
Operating Cash Flow to Sales Ratio
0.26 0.30 0.27 0.28 0.28
Free Cash Flow Yield
3.14%3.39%4.32%3.39%3.90%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
45.24 35.76 23.66 32.40 38.14
Price-to-Sales (P/S) Ratio
6.58 7.13 5.42 7.08 6.24
Price-to-Book (P/B) Ratio
3.10 3.19 3.41 4.61 3.50
Price-to-Free Cash Flow (P/FCF) Ratio
31.85 29.47 23.16 29.50 25.67
Price-to-Operating Cash Flow Ratio
25.09 23.78 20.03 24.93 22.40
Price-to-Earnings Growth (PEG) Ratio
14.27 -1.04 2.01 0.42 0.89
Price-to-Fair Value
3.10 3.19 3.41 4.61 3.50
Enterprise Value Multiple
25.51 24.54 18.97 22.78 23.40
Enterprise Value
175.12B 184.05B 184.28B 227.99B 154.23B
EV to EBITDA
25.51 24.54 18.97 22.78 23.40
EV to Sales
7.22 7.70 5.86 7.74 6.92
EV to Free Cash Flow
34.91 31.84 25.01 32.27 28.47
EV to Operating Cash Flow
27.72 25.69 21.63 27.28 24.84
Tangible Book Value Per Share
-14.03 -12.04 -13.74 -26.38 -23.97
Shareholders’ Equity Per Share
71.86 72.62 69.07 63.21 56.31
Tax and Other Ratios
Effective Tax Rate
0.16 0.16 0.13 0.16 0.19
Revenue Per Share
34.15 32.44 43.40 41.22 31.55
Net Income Per Share
4.93 6.47 9.94 9.00 5.16
Tax Burden
0.84 0.94 0.87 0.85 0.81
Interest Burden
0.94 0.95 1.13 0.97 0.94
Research & Development to Revenue
0.07 0.06 0.06 0.06 0.06
SG&A to Revenue
0.00 0.00 0.00 0.00 0.00
Stock-Based Compensation to Revenue
<0.01 0.01 <0.01 <0.01 <0.01
Income Quality
1.80 1.70 1.18 1.32 1.70
Currency in USD
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