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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 Q2 2025 was $0.67. For the 2025 fiscal year, DHR's free cash flow was decreased by $ and operating cash flow was $0.12. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
1.62 1.68 1.89 1.43 1.86
Quick Ratio
1.22 1.37 1.52 1.09 1.55
Cash Ratio
0.44 0.71 0.71 0.32 0.82
Solvency Ratio
0.20 0.22 0.27 0.23 0.15
Operating Cash Flow Ratio
0.91 0.87 1.02 1.03 0.84
Short-Term Operating Cash Flow Coverage
3.62 4.23 14.41 1.04K 564.36
Net Current Asset Value
$ -18.28B$ -17.06B$ -18.38B$ -26.36B$ -22.58B
Leverage Ratios
Debt-to-Assets Ratio
0.23 0.23 0.23 0.27 0.28
Debt-to-Equity Ratio
0.35 0.37 0.39 0.49 0.53
Debt-to-Capital Ratio
0.26 0.27 0.28 0.33 0.35
Long-Term Debt-to-Capital Ratio
0.24 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
3.06 3.37 10.76 35.59 20.07
Interest Coverage Ratio
17.82 18.19 41.18 31.37 15.39
Debt to Market Cap
0.12 0.11 0.12 0.11 0.15
Interest Debt Per Share
26.30 26.91 27.43 31.37 30.41
Net Debt to EBITDA
2.31 1.82 1.41 1.96 2.30
Profitability Margins
Gross Profit Margin
61.52%58.74%60.21%60.95%55.98%
EBIT Margin
18.19%22.31%23.35%26.62%21.41%
EBITDA Margin
28.13%31.39%30.86%33.98%29.57%
Operating Profit Margin
21.59%21.77%27.61%25.35%18.99%
Pretax Profit Margin
16.97%21.11%26.35%25.80%20.17%
Net Profit Margin
14.21%19.94%22.91%21.84%16.36%
Continuous Operations Profit Margin
14.21%17.67%20.11%18.49%16.36%
Net Income Per EBT
83.73%94.45%86.94%84.67%81.11%
EBT Per EBIT
78.61%96.96%95.44%101.78%106.24%
Return on Assets (ROA)
4.18%5.64%8.55%7.73%4.79%
Return on Equity (ROE)
6.69%8.91%14.39%14.24%9.17%
Return on Capital Employed (ROCE)
6.93%6.83%11.44%9.95%6.15%
Return on Invested Capital (ROIC)
5.67%5.57%9.85%8.29%4.98%
Return on Tangible Assets
17.07%21.52%29.67%33.58%18.74%
Earnings Yield
2.28%2.80%4.23%3.09%2.62%
Efficiency Ratios
Receivables Turnover
5.32 6.09 7.53 6.36 5.51
Payables Turnover
5.36 5.58 6.75 4.48 4.79
Inventory Turnover
3.44 3.80 4.03 4.16 4.28
Fixed Asset Turnover
3.75 5.25 7.96 7.77 6.83
Asset Turnover
0.29 0.28 0.37 0.35 0.29
Working Capital Turnover Ratio
6.78 3.63 5.72 5.95 1.65
Cash Conversion Cycle
106.72 90.59 85.02 63.67 75.30
Days of Sales Outstanding
68.64 59.92 48.47 57.39 66.25
Days of Inventory Outstanding
106.21 96.06 90.65 87.81 85.29
Days of Payables Outstanding
68.13 65.40 54.10 81.53 76.24
Operating Cycle
174.85 155.99 139.12 145.20 151.54
Cash Flow Ratios
Operating Cash Flow Per Share
8.61 9.73 11.75 11.70 8.79
Free Cash Flow Per Share
6.79 7.85 10.16 9.89 7.67
CapEx Per Share
1.82 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
2.91 3.25 4.32 4.11 4.42
Capital Expenditure Coverage Ratio
4.72 5.18 7.39 6.46 7.85
Operating Cash Flow Coverage Ratio
0.33 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
3.25%3.39%4.32%3.39%3.90%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
43.91 35.76 23.66 32.40 38.14
Price-to-Sales (P/S) Ratio
6.24 7.13 5.42 7.08 6.24
Price-to-Book (P/B) Ratio
2.86 3.19 3.41 4.61 3.50
Price-to-Free Cash Flow (P/FCF) Ratio
30.80 29.47 23.16 29.50 25.67
Price-to-Operating Cash Flow Ratio
24.29 23.78 20.03 24.93 22.40
Price-to-Earnings Growth (PEG) Ratio
-4.95 -1.04 2.01 0.42 0.89
Price-to-Fair Value
2.86 3.19 3.41 4.61 3.50
Enterprise Value Multiple
24.48 24.54 18.97 22.78 23.40
Enterprise Value
165.35B 184.05B 184.28B 227.99B 154.23B
EV to EBITDA
24.48 24.54 18.97 22.78 23.40
EV to Sales
6.89 7.70 5.86 7.74 6.92
EV to Free Cash Flow
34.01 31.84 25.01 32.27 28.47
EV to Operating Cash Flow
26.80 25.69 21.63 27.28 24.84
Tangible Book Value Per Share
-12.95 -12.04 -13.74 -26.38 -23.97
Shareholders’ Equity Per Share
73.04 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
33.51 32.44 43.40 41.22 31.55
Net Income Per Share
4.76 6.47 9.94 9.00 5.16
Tax Burden
0.84 0.94 0.87 0.85 0.81
Interest Burden
0.93 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
1.81 1.70 1.18 1.32 1.70
Currency in USD
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