DANAHER CORP /DE/
DHR · Industrial Instruments For Measurement, Display, and Control · 707.8M shares · +1%/yr ↑ shares · EDGAR filings ↗
Reference price $174.67 · est. market cap ~$123.6B — last insider sale, 2026-05-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A85Danaher is a premier wide-moat life-sciences/diagnostics compounder whose top-decile cash generation and durable franchise outweigh muted headline returns.
Strengths
- Top-decile FCF ($5.26B, 100th pct) with high OCF (85.7th) and operating (85.7th) margins; recurring consumables revenue and the Danaher Business System
- Strong gross margin and conservative leverage (debt/equity 18th pct); diversified global healthcare leader
Risks
- ROE (6.9%) and ROA (4.3%) are depressed by a large goodwill/equity base; net earnings declined and core growth was only ~2-3%
- China weakness, tariff uncertainty and acquisition/integration risk (pending Masimo deal)
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
59.1%
Operating margin
19.1%
Net margin
14.7%
Return on equity
6.9%
Return on assets
4.3%
ROIC
5.2%
Revenue growth (QoQ)
-13.0%
Net-income growth
-7.3%
Debt / equity
0.4×
Current ratio
1.9×
Free cash flow
$5.3B
Tangible book value
-$8.4B
Stock comp / revenue
1.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-15 | Couchara Georgeann | Tax withheld | 281 | $161.91 |
| 2026-05-15 | Stevens Raymond C | Grant | 680 | — |
| 2026-05-15 | SPOON ALAN G | Grant | 680 | — |
| 2026-05-15 | Sanders A Shane | Grant | 680 | — |
| 2026-05-15 | FILLER LINDA | Grant | 680 | — |
| 2026-05-15 | List Teri | Grant | 680 | — |
| 2026-05-15 | Zerhouni Elias A. | Grant | 680 | — |
| 2026-05-15 | Dewan Feroz | Grant | 680 | — |
| 2026-05-15 | Lamanna Charles W | Grant | 680 | — |
| 2026-05-01 | SPOON ALAN G | Option exercise | 3.3K | $71.88 |
| 2026-05-01 | SPOON ALAN G | Sell | 1.4K | $174.67 |
| 2026-03-01 | Leiken Jonathan | Grant | 2.4K | — |
| 2026-03-01 | McGrew Matthew | Grant | 5.9K | — |
| 2026-03-01 | Milosevich Gregory M | Grant | 4.3K | — |
| 2026-03-01 | Milosevich Gregory M | Tax withheld | 118 | $210.64 |
| 2026-03-01 | Bouda Christopher | Grant | 1.2K | — |
| 2026-03-01 | Bouda Christopher | Tax withheld | 170 | $210.64 |
| 2026-03-01 | Gutierrez-Ramos Jose-Carlos | Grant | 6.6K | — |
| 2026-03-01 | Gutierrez-Ramos Jose-Carlos | Tax withheld | 284 | $210.64 |
| 2026-03-01 | Riley Christopher Paul | Grant | 6.2K | — |
| 2026-03-01 | Riley Christopher Paul | Tax withheld | 1.1K | $210.64 |
| 2026-03-01 | GRAY R BRADLEY | Grant | 2.8K | — |
| 2026-03-01 | Blair Rainer | Grant | 18K | — |
| 2026-03-01 | Gugino Matthew E | Grant | 4.0K | — |
| 2026-03-01 | Gugino Matthew E | Tax withheld | 231 | $210.64 |
| 2026-03-01 | Sawyer Montgomery Julie A | Grant | 6.2K | — |
| 2026-03-01 | Sawyer Montgomery Julie A | Tax withheld | 1.1K | $210.64 |
| 2026-03-01 | Couchara Georgeann | Grant | 4.7K | — |
| 2026-03-01 | Couchara Georgeann | Tax withheld | 113 | $210.64 |
| 2026-02-27 | RALES MITCHELL P | Gift | 72K | — |
| 2026-02-24 | Sawyer Montgomery Julie A | Tax withheld | 372 | $209.19 |
| 2026-02-24 | Couchara Georgeann | Tax withheld | 101 | $209.19 |
| 2026-02-24 | Gutierrez-Ramos Jose-Carlos | Tax withheld | 344 | $209.19 |
| 2026-02-24 | Bouda Christopher | Tax withheld | 235 | $209.19 |
| 2026-02-24 | Milosevich Gregory M | Tax withheld | 189 | $209.19 |
| 2026-02-24 | Riley Christopher Paul | Tax withheld | 242 | $209.19 |
| 2026-02-19 | Milosevich Gregory M | Option exercise | 1.3K | $58.59 |
| 2026-02-19 | Milosevich Gregory M | Sell | 1.3K | $208.01 |
| 2026-02-04 | Riley Christopher Paul | Grant | 1.0K | — |
| 2026-02-04 | Ellis Brian W | Grant | 1.7K | — |
| 2026-02-04 | Gutierrez-Ramos Jose-Carlos | Grant | 1.7K | — |
| 2026-02-04 | Couchara Georgeann | Grant | 1.4K | — |
| 2026-02-04 | Sawyer Montgomery Julie A | Grant | 848 | — |
| 2026-02-04 | Blair Rainer | Grant | 8.5K | — |
| 2026-02-04 | McGrew Matthew | Grant | 2.7K | — |
| 2026-02-04 | Milosevich Gregory M | Grant | 679 | — |
| 2026-02-02 | Gutierrez-Ramos Jose-Carlos | Tax withheld | 852 | $223.42 |
| 2026-02-02 | Ellis Brian W | Tax withheld | 1.3K | $223.42 |
| 2026-02-02 | McGrew Matthew | Tax withheld | 1.9K | $223.42 |
| 2026-02-02 | Riley Christopher Paul | Tax withheld | 640 | $223.42 |
| 2026-02-02 | Blair Rainer | Tax withheld | 7.8K | $223.42 |
| 2025-11-25 | RALES MITCHELL P | Sell | 36K | $230.27 |
| 2025-11-25 | RALES MITCHELL P | Sell | 4.7K | $231.19 |
| 2025-11-25 | RALES MITCHELL P | Gift | 22K | — |
| 2025-11-18 | List Teri | Option exercise | 3.3K | $71.88 |
| 2025-11-18 | List Teri | Sell | 3.3K | $226.50 |
| 2025-11-15 | GRAY R BRADLEY | Tax withheld | 1.4K | $221.21 |
| 2025-11-15 | Leiken Jonathan | Grant | 10K | — |
| 2025-11-15 | Milosevich Gregory M | Tax withheld | 35 | $221.21 |
| 2025-11-15 | Sawyer Montgomery Julie A | Tax withheld | 265 | $221.21 |
| 2025-11-12 | RALES MITCHELL P | Sell | 26K | $217.64 |
| 2025-11-12 | RALES MITCHELL P | Sell | 255K | $218.27 |
| 2025-11-12 | RALES MITCHELL P | Sell | 133K | $219.43 |
| 2025-11-12 | RALES MITCHELL P | Sell | 23K | $220.15 |
| 2025-11-12 | Ellis Brian W | Option exercise | 15K | $58.59 |
| 2025-11-12 | Ellis Brian W | Sell | 15K | $219.23 |
| 2025-11-12 | Ellis Brian W | Option exercise | 7.1K | $58.59 |
| 2025-11-12 | Ellis Brian W | Sell | 7.1K | $219.21 |
| 2025-11-11 | McGrew Matthew | Option exercise | 16K | $62.85 |
| 2025-11-11 | McGrew Matthew | Sell | 16K | $214.62 |
| 2025-11-10 | Couchara Georgeann | Option exercise | 4.2K | $88.24 |
| 2025-11-10 | Couchara Georgeann | Sell | 4.2K | $210.44 |
| 2025-11-10 | Couchara Georgeann | Sell | 998 | $210.31 |
| 2025-10-31 | RALES MITCHELL P | Sell | 308K | $215.67 |
| 2025-10-31 | RALES MITCHELL P | Sell | 223K | $216.26 |
| 2025-10-31 | RALES MITCHELL P | Sell | 68K | $217.17 |
| 2025-08-22 | List Teri | Sell | 2.8K | $211.06 |
| 2025-07-15 | Zerhouni Elias A. | Option exercise | 3.9K | $59.34 |
| 2025-07-15 | Zerhouni Elias A. | Tax withheld | 1.2K | $192.86 |
| 2025-07-15 | SCHWIETERS JOHN T | Option exercise | 3.9K | $59.34 |
| 2025-07-15 | SCHWIETERS JOHN T | Tax withheld | 1.2K | $192.86 |
| 2025-07-15 | Bouda Christopher | Tax withheld | 61 | $192.86 |
| 2025-07-02 | List Teri | Option exercise | 3.9K | $59.34 |
| 2025-07-02 | List Teri | Tax withheld | 1.1K | $202.73 |
| 2025-05-15 | Stevens Raymond C | Grant | 577 | — |
| 2025-05-15 | SPOON ALAN G | Grant | 577 | — |
| 2025-05-15 | SCHWIETERS JOHN T | Grant | 577 | — |
| 2025-05-15 | List Teri | Grant | 577 | — |
| 2025-05-15 | Sanders A Shane | Grant | 577 | — |
| 2025-05-15 | Lamanna Charles W | Grant | 577 | — |
| 2025-05-15 | FILLER LINDA | Grant | 577 | — |
| 2025-05-15 | Zerhouni Elias A. | Grant | 577 | — |
| 2025-05-15 | Dewan Feroz | Grant | 577 | — |
| 2025-05-15 | Mega Jessica L | Grant | 577 | — |
| 2025-05-15 | Couchara Georgeann | Tax withheld | 281 | $190.95 |
| 2025-05-15 | Blair Rainer | Gift | 27K | — |
| 2025-05-12 | RALES STEVEN M | Sell | 166K | $194.08 |
| 2025-05-12 | RALES STEVEN M | Sell | 356K | $194.97 |
| 2025-05-12 | RALES STEVEN M | Sell | 110K | $195.69 |
| 2025-05-12 | RALES STEVEN M | Sell | 189K | $197.06 |
| 2025-05-12 | RALES STEVEN M | Sell | 58K | $197.86 |
| 2025-05-12 | RALES STEVEN M | Sell | 164K | $199.15 |
| 2025-05-12 | RALES STEVEN M | Sell | 159K | $199.67 |
| 2025-05-12 | RALES STEVEN M | Sell | 47K | $200.83 |
| 2025-04-30 | Riley Christopher Paul | Option exercise | 7.8K | $76.47 |
| 2025-04-30 | Riley Christopher Paul | Sell | 7.8K | $197.95 |
| 2025-04-30 | Riley Christopher Paul | Sell | 8.0K | $198.05 |
| 2025-03-01 | Lamanna Charles W | Grant | 102 | — |
| 2025-03-01 | Riley Christopher Paul | Grant | 12K | — |
| 2025-03-01 | Couchara Georgeann | Tax withheld | 111 | $207.76 |
| 2025-03-01 | Bouda Christopher | Grant | 1.3K | — |
| 2025-03-01 | Bouda Christopher | Tax withheld | 74 | $207.76 |
| 2025-03-01 | Sawyer Montgomery Julie A | Grant | 12K | — |
| 2025-03-01 | Gutierrez-Ramos Jose-Carlos | Tax withheld | 216 | $207.76 |
| 2025-02-24 | Gutierrez-Ramos Jose-Carlos | Tax withheld | 586 | $211.14 |
| 2025-02-24 | Riley Christopher Paul | Tax withheld | 348 | $211.14 |
| 2025-02-24 | Couchara Georgeann | Tax withheld | 197 | $211.14 |
| 2025-02-24 | Sawyer Montgomery Julie A | Tax withheld | 618 | $211.14 |
| 2025-02-24 | Bouda Christopher | Tax withheld | 285 | $211.14 |
| 2025-02-07 | SPOON ALAN G | Option exercise | 3.9K | $59.34 |
| 2025-02-07 | SPOON ALAN G | Sell | 550 | $206.46 |
| 2025-02-03 | Blair Rainer | Tax withheld | 20K | $214.26 |
| 2025-02-03 | McGrew Matthew | Tax withheld | 9.3K | $214.26 |
| 2025-02-03 | Ellis Brian W | Tax withheld | 5.7K | $214.26 |
| 2025-02-03 | Raskas Daniel | Tax withheld | 4.7K | $214.26 |
| 2025-02-03 | Riley Christopher Paul | Tax withheld | 3.1K | $214.26 |
| 2025-01-30 | Ellis Brian W | Option exercise | 5.7K | $58.59 |
| 2025-01-30 | Ellis Brian W | Sell | 5.7K | $224.13 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-03 | Debt obligationOther | filing ↗ |
| 2026-05-07 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-04-29 | Material agreementOtherExhibits | filing ↗ |
| 2026-04-21 | ResultsExhibits | filing ↗ |
| 2026-04-17 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-02-17 | OtherExhibits | filing ↗ |
| 2026-02-10 | Exec/director changeExhibits | filing ↗ |
| 2026-01-28 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-03 | 2026-06-03 | 0001193125-26-255555 ↗ |
| 8-K | 2026-05-07 | 2026-05-05 | 0000313616-26-000127 ↗ |
| 8-K | 2026-04-29 | 2026-04-22 | 0001193125-26-191608 ↗ |
| 10-Q | 2026-04-21 | 2026-03-27 | 0000313616-26-000107 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0000313616-26-000109 ↗ |
| 8-K | 2026-04-17 | 2026-04-16 | 0001193125-26-160383 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0000313616-26-000062 ↗ |
| 8-K | 2026-02-17 | 2026-02-16 | 0001193125-26-053124 ↗ |
| 8-K | 2026-02-10 | 2026-02-05 | 0000313616-26-000058 ↗ |
| 8-K | 2026-01-28 | 2026-01-28 | 0000313616-26-000004 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0000313616-26-000002 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0000313616-25-000198 ↗ |