DANAHER CORP /DE/
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DHR FY 2025 request
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 24,568 | 23,875 | +2.9% |
Show Product Lines breakouts |
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| Nonrecurring | 4,441 | 4,509 | -1.5% |
| Nonrecurring · Biotechnology | 869 | 1,001 | -13.2% |
| Nonrecurring · Diagnostics | 1,082 | 1,068 | +1.3% |
| Nonrecurring · Life Sciences | 2,490 | 2,440 | +2.0% |
| Recurring | 20,127 | 19,366 | +3.9% |
| Recurring · Biotechnology | 6,424 | 5,758 | +11.6% |
| Recurring · Diagnostics | 8,859 | 8,719 | +1.6% |
| Recurring · Life Sciences | 4,844 | 4,889 | -0.9% |
Show Business Segments breakouts |
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| Biotechnology · High-growth markets | 1,976 | 1,891 | +4.5% |
| Biotechnology · North America | 2,418 | 2,237 | +8.1% |
| Biotechnology · Operating Segments | 7,293 | 6,759 | +7.9% |
| Biotechnology · Other developed markets | 341 | 335 | +1.8% |
| Biotechnology · Western Europe | 2,558 | 2,296 | +11.4% |
| Diagnostics · High-growth markets | 2,922 | 2,933 | -0.4% |
| Diagnostics · North America | 4,920 | 4,859 | +1.3% |
| Diagnostics · Operating Segments | 9,941 | 9,787 | +1.6% |
| Diagnostics · Other developed markets | 393 | 408 | -3.7% |
| Diagnostics · Western Europe | 1,706 | 1,587 | +7.5% |
| Life Sciences · High-growth markets | 2,124 | 2,046 | +3.8% |
| Life Sciences · North America | 3,018 | 3,199 | -5.7% |
| Life Sciences · Operating Segments | 7,334 | 7,329 | +0.1% |
| Life Sciences · Other developed markets | 518 | 510 | +1.6% |
| Life Sciences · Western Europe | 1,674 | 1,574 | +6.4% |
Show Geography breakouts |
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| All other (each country individually less than 5% of total) · Reportable Geographical Components | 11,956 | 11,143 | +7.3% |
| CN · Reportable Geographical Components | 2,631 | 2,805 | -6.2% |
| High-growth markets | 7,022 | 6,870 | +2.2% |
| North America | 10,356 | 10,295 | +0.6% |
| Other developed markets | 1,252 | 1,253 | -0.1% |
| US · Reportable Geographical Components | 9,981 | 9,927 | +0.5% |
| Western Europe | 5,938 | 5,457 | +8.8% |
Show Consolidation Items breakouts |
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| Operating Segments | 24,568 | 23,875 | +2.9% |
| Cost of Revenue | -10,045 | -9,669 | -3.9% |
| Gross Profit | 14,523 | 14,206 | +2.2% |
| Selling, General & Administrative | -8,235 | -7,759 | -6.1% |
| Research & Development | -1,598 | -1,584 | -0.9% |
| Operating Income | 4,690 | 4,863 | -3.6% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 1,864 | 1,685 | +10.6% |
| Diagnostics · Operating Segments | 2,650 | 2,625 | +1.0% |
| Life Sciences · Operating Segments | 520 | 879 | -40.8% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -344 | -326 | -5.5% |
| Operating Segments | 5,034 | 5,189 | -3.0% |
| Other Non-Operating Income (Expense) | -222 | -56 | -296.4% |
| Interest Expense | -265 | -278 | +4.7% |
| Interest Income | 30 | 117 | -74.4% |
| Income Before Taxes | 4,233 | 4,646 | -8.9% |
Show Geography breakouts |
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| Non Us | 3,262 | 3,644 | -10.5% |
| US | 971 | 1,002 | -3.1% |
| Income Tax Expense (Benefit) | -633 | -747 | +15.3% |
| Income Loss From Continuing Operations | 3,600 | 3,899 | -7.7% |
| Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity | 14 | — | — |
| Net Income | 3,614 | 3,899 | -7.3% |
Show Equity Components breakouts |
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| Retained Earnings | 3,614 | 3,899 | -7.3% |
| Net Income Loss Available To Common Stockholders Basic | 3,614 | 3,899 | -7.3% |
| Income Loss From Continuing Operations Per Basic Share | 5.05 | 5.33 | -5.3% |
| Income Loss From Continuing Operations Per Diluted Share | 5.03 | 5.29 | -4.9% |
| Income Loss From Discontinued Operations Net Of Tax Per Basic Share | 0.02 | — | — |
| Income Loss From Discontinued Operations Net Of Tax Per Diluted Share | 0.02 | — | — |
| EPS (Basic) | 5.07 | 5.33 | -4.9% |
| EPS (Diluted) | 5.05 | 5.29 | -4.5% |
| Wtd Avg Shares (Basic) | 712.7 | 731 | -2.5% |
| Wtd Avg Shares (Diluted) | 716.1 | 737.2 | -2.9% |
| Comprehensive Income | 6,625 | 2,429 | +172.7% |
| Gain Loss On Investments | -248 | -57 | -335.1% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 4,615 | 2,078 | +122.1% |
| Accounts Receivable | 3,913 | 3,537 | +10.6% |
| Inventory | 2,489 | 2,330 | +6.8% |
| Prepaid Expenses & Other Current Assets | 1,739 | 1,552 | +12.0% |
| Total Current Assets | 12,756 | 9,497 | +34.3% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 5,531 | 4,990 | +10.8% |
Show Geography breakouts |
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| All other (each country individually less than 5% of total) · Reportable Geographical Components | 1,424 | 1,251 | +13.8% |
| DE · Reportable Geographical Components | 287 | 251 | +14.3% |
| GB · Reportable Geographical Components | 586 | 519 | +12.9% |
| SE · Reportable Geographical Components | 477 | 384 | +24.2% |
| US · Reportable Geographical Components | 2,757 | 2,585 | +6.7% |
| Other Non-Current Assets | 4,209 | 3,990 | +5.5% |
| Goodwill | 43,151 | 40,497 | +6.6% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 23,313 | 21,437 | +8.8% |
| Diagnostics · Operating Segments | 6,982 | 6,755 | +3.4% |
| Life Sciences · Operating Segments | 12,856 | 12,305 | +4.5% |
Show Range breakouts |
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| Maximum | 23.1 | — | — |
| Minimum | 1.2 | — | — |
| Total Assets | 83,464 | 77,542 | +7.6% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 37,337 | 34,605 | +7.9% |
| Diagnostics · Operating Segments | 14,748 | 14,204 | +3.8% |
| Life Sciences · Operating Segments | 23,112 | 23,211 | -0.4% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 8,267 | 5,522 | +49.7% |
| Operating Lease Right-of-Use Assets | 1,214 | 1,084 | +12.0% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 17,817 | 18,568 | -4.0% |
| Current Liabilities | |||
| Debt Current | 2 | 505 | -99.6% |
| Accounts Payable Trade Current | 1,844 | 1,753 | +5.2% |
| Accrued Liabilities | 4,961 | 4,540 | +9.3% |
| Total Current Liabilities | 6,807 | 6,798 | +0.1% |
| Deferred Revenue (Current) | 1,353 | 1,299 | +4.2% |
| Non-Current Liabilities | |||
| Other Non-Current Liabilities | 5,700 | 5,694 | +0.1% |
| Long-Term Debt | 18,416 | 15,500 | +18.8% |
| Long-Term Debt | 18,418 | 16,005 | +15.1% |
Show Debt Instrument breakouts |
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| 0.2% senior unsecured notes due 2026 · Senior Notes | 1,469 | 1,293 | +13.6% |
| 0.3% senior unsecured notes due 2027 · Senior Notes | 196 | 195 | +0.5% |
| 0.45% senior unsecured notes due 2028 · Senior Notes | 1,466 | 1,291 | +13.6% |
| 0.4773% 2027 CHF Bonds · Bonds | 315 | — | — |
| 0.65% senior unsecured notes due 2032 · Senior Notes | 339 | 337 | +0.6% |
| 0.75% senior unsecured notes due 2031 · Senior Notes | 2,050 | 1,805 | +13.6% |
| 0.88755 2029 CHF Bonds · Bonds | 409 | — | — |
| 1.125% senior unsecured bonds due 2028 · Bonds | 267 | 233 | +14.6% |
| 1.2% senior unsecured notes due 2027 · Senior Notes | 704 | 620 | +13.5% |
| 1.265% 2033 CHF Bonds · Bonds | 408 | — | — |
| 1.35% senior unsecured notes due 2039 · Senior Notes | 1,456 | 1,282 | +13.6% |
| 1.6249% 2037 CHF Bonds · Bonds | 282 | — | — |
| 1.8% senior unsecured notes due 2049 · Senior Notes | 873 | 769 | +13.5% |
| 1.94% 2045 CHF Bonds · Bonds | 157 | — | — |
| 2.1% senior notes due 2026 · Senior Notes | 940 | 828 | +13.5% |
| 2.5% senior notes due 2030 · Senior Notes | 940 | 829 | +13.4% |
| 2.6% senior unsecured notes due 2029 · Senior Notes | 798 | 797 | +0.1% |
| 2.6% senior unsecured notes due 2050 · Senior Notes | 983 | 982 | +0.1% |
| 2.8% senior unsecured notes due 2051 · Senior Notes | 985 | 985 | 0.0% |
| 3.25% senior unsecured notes due 2039 · Senior Notes | 892 | 892 | 0.0% |
| 3.4% senior unsecured notes due 2049 · Senior Notes | 891 | 890 | +0.1% |
| 4.375% senior unsecured notes due 2045 · Senior Notes | 500 | 499 | +0.2% |
| Euro-denominated commercial paper · Commercial Paper | 933 | 931 | +0.2% |
| Euro-Denominated Commercial Paper, 2026 Biopharma Euro Notes and 2026 Euro Notes | 3.5 | — | — |
| Other | 1 | 13 | -92.3% |
| Operating Lease Liabilities | 1,079 | 968 | +11.5% |
| Accrued Income Taxes Noncurrent | 3,013 | 3,138 | -4.0% |
| Contract With Customer Liability Noncurrent | 231 | 232 | -0.4% |
| Stockholders' Equity | |||
| Common Stock | 9 | 9 | 0.0% |
| Additional Paid In Capital Common Stock | 17,194 | 16,727 | +2.8% |
| Treasury Stock Common Value | -11,353 | -8,163 | -39.1% |
| Retained Earnings | 46,891 | 44,188 | +6.1% |
| Accumulated Other Comprehensive Income | -207 | -3,218 | +93.6% |
| Total Stockholders' Equity | 52,534 | 49,543 | +6.0% |
| Minority Interest | 7 | 7 | 0.0% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 52,541 | 49,550 | +6.0% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -185 | -300 | +38.3% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 217 | -14 | +1650.0% |
| Accumulated Other Comprehensive Income | -207 | -3,218 | +93.6% |
| Accumulated Translation Adjustment | -239 | -2,904 | +91.8% |
| Additional Paid In Capital | 17,194 | 16,727 | +2.8% |
| Common Stock | 9 | 9 | 0.0% |
| Noncontrolling Interest | 7 | 7 | 0.0% |
| Retained Earnings | 46,891 | 44,188 | +6.1% |
| Treasury Stock Common | -11,353 | -8,163 | -39.1% |
| Total Liabilities & Equity | 83,464 | 77,542 | +7.6% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation | 750 | 721 | +4.0% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 149 | 151 | -1.3% |
| Diagnostics · Operating Segments | 407 | 394 | +3.3% |
| Life Sciences · Operating Segments | 185 | 167 | +10.8% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 9 | 9 | 0.0% |
| Operating Segments | 741 | 712 | +4.1% |
| Amortization Of Intangible Assets | 1,697 | 1,631 | +4.0% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 902 | 863 | +4.5% |
| Diagnostics · Operating Segments | 191 | 192 | -0.5% |
| Life Sciences · Operating Segments | 604 | 576 | +4.9% |
Show Consolidation Items breakouts |
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| Operating Segments | 1,697 | 1,631 | +4.0% |
| Stock-Based Compensation | 298 | 288 | +3.5% |
| Asset Impairment Charges | 562 | 265 | +112.1% |
Show Business Segments breakouts |
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| Biotechnology · Operating Segments | 101 | — | — |
| Diagnostics · Operating Segments | 15 | 43 | -65.1% |
| Life Sciences · Operating Segments | 446 | 222 | +100.9% |
| Life Sciences · Trade Names | 432 | 222 | +94.6% |
| Life Sciences, Biotechnology and Diagnostics Segment | 130 | — | — |
Show Consolidation Items breakouts |
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| Operating Segments | 562 | 265 | +112.1% |
Show Income Statement Location breakouts |
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| Cost Of Sales | 29 | — | — |
| Increase Decrease In Deferred Income Taxes | -440 | -483 | +8.9% |
| Change in Accounts Receivable | -216 | 331 | -165.3% |
| Change in Inventory | -58 | 147 | -139.5% |
| Change in Accounts Payable | 9 | 19 | -52.6% |
| Change in Prepaid & Other Assets | -55 | 274 | -120.1% |
| Increase Decrease In Other Accounts Payable And Accrued Liabilities | 41 | -486 | +108.4% |
| Net Cash Provided By Used In Operating Activities Continuing Operations | 6,416 | 6,688 | -4.1% |
| Net Cash from Operations | 6,416 | 6,688 | -4.1% |
| Investing Activities | |||
| Capital Expenditures | -1,156 | -1,392 | +17.0% |
| Proceeds From Sale Of Property Plant And Equipment | 33 | 13 | +153.8% |
| Payments To Acquire Investments | -127 | -331 | +61.6% |
| Proceeds From Sale Maturity And Collections Of Investments | 12 | 253 | -95.3% |
| Proceeds From Sale Of Product Line | 9 | — | — |
| Other Investing Activities | 33 | 34 | -2.9% |
| Net Cash Provided By Used In Investing Activities Continuing Operations | -1,196 | -1,981 | +39.6% |
| Net Cash from Investing | -1,196 | -1,981 | +39.6% |
| Financing Activities | |||
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | 85 | 162 | -47.5% |
| Payments Of Dividends | -878 | -768 | -14.3% |
| Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less | -11 | 5 | -320.0% |
| Proceeds From Debt Maturing In More Than Three Months | 1,556 | — | — |
| Repayments Of Debt Maturing In More Than Three Months | -500 | -1,674 | +70.1% |
| Share Repurchases | -3,088 | -5,979 | +48.4% |
| Proceeds From Payments For Other Financing Activities | -125 | -131 | +4.6% |
| Net Cash Provided By Used In Financing Activities Continuing Operations | -2,961 | -8,385 | +64.7% |
| Net Cash from Financing | -2,961 | -8,385 | +64.7% |
| Tax Withholding for Share Compensation | 69 | 97 | -28.9% |
| Supplemental | |||
| Income Taxes Paid | 1.2 | 1.3 | -7.7% |
| Interest Paid | 331 | 370 | -10.5% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 278 | -108 | +357.4% |
| Net Change in Cash | 2,537 | -3,786 | +167.0% |
| Investment Gains Losses Pretax Gain On Sale Of Product Line And Other | -228 | -57 | -300.0% |
Values in millions USD. Source: SEC EDGAR 10-K filing.