DANAHER CORP /DE/

DHR 10-Q · Q2 2025

DHR Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 5,936 5,743 +3.4%
Show Product Lines breakouts
Nonrecurring revenue 966 1,054 -8.3%
Nonrecurring revenue · Biotechnology 156 235 -33.6%
Nonrecurring revenue · Diagnostics 247 257 -3.9%
Nonrecurring revenue · Life Sciences 563 562 +0.2%
Recurring revenue 4,970 4,689 +6.0%
Recurring revenue · Biotechnology 1,694 1,478 +14.6%
Recurring revenue · Diagnostics 2,062 2,003 +2.9%
Recurring revenue · Life Sciences 1,214 1,208 +0.5%
Show Business Segments breakouts
Biotechnology · High-growth markets 448 458 -2.2%
Biotechnology · North America 612 607 +0.8%
Biotechnology · Operating Segments 1,850 1,713 +8.0%
Biotechnology · Other developed markets 82 81 +1.2%
Biotechnology · Western Europe 708 567 +24.9%
Diagnostics · High-growth markets 746 743 +0.4%
Diagnostics · North America 1,064 1,042 +2.1%
Diagnostics · Operating Segments 2,309 2,260 +2.2%
Diagnostics · Other developed markets 94 95 -1.1%
Diagnostics · Western Europe 405 380 +6.6%
Life Sciences · High-growth markets 503 495 +1.6%
Life Sciences · North America 762 785 -2.9%
Life Sciences · Operating Segments 1,777 1,770 +0.4%
Life Sciences · Other developed markets 118 116 +1.7%
Life Sciences · Western Europe 394 374 +5.3%
Show Geography breakouts
High-growth markets 1,697 1,696 +0.1%
North America 2,438 2,434 +0.2%
Other developed markets 294 292 +0.7%
Western Europe 1,507 1,321 +14.1%
Cost of Revenue -2,413 -2,315 -4.2%
Gross Profit 3,523 3,428 +2.8%
Selling, General & Administrative -2,360 -1,869 -26.3%
Research & Development -403 -391 -3.1%
Operating Income 760 1,168 -34.9%
Show Business Segments breakouts
Biotechnology · Operating Segments 531 462 +14.9%
Diagnostics · Operating Segments 554 556 -0.4%
Life Sciences · Operating Segments -239 233 -202.6%
Show Consolidation Items breakouts
Corporate Non Segment -86 -83 -3.6%
Other Non-Operating Income (Expense) -42 -59 +28.8%
Interest Expense -71 -65 -9.2%
Interest Income 8 39 -79.5%
Income Before Taxes 655 1,083 -39.5%
Income Tax Expense (Benefit) -100 -176 +43.2%
Net Income 555 907 -38.8%
Show Equity Components breakouts
Retained Earnings 555 907 -38.8%
EPS (Basic) 0.77 1.23 -37.4%
EPS (Diluted) 0.77 1.22 -36.9%
Wtd Avg Shares (Basic) 716.5 737.6 -2.9%
Wtd Avg Shares (Diluted) 719.1 742.4 -3.1%
Comprehensive Income 1,598 1,060 +50.8%
Gain Loss On Investments -44 -59 +25.4%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,957 2,374 +24.6%
Accounts Receivable 3,564 3,298 +8.1%
Inventory Finished Goods Net Of Reserves 1,383 1,352 +2.3%
Inventory Work In Process Net Of Reserves 525 491 +6.9%
Inventory Raw Materials Net Of Reserves 781 828 -5.7%
Inventory 2,689 2,671 +0.7%
Prepaid Expenses & Other Current Assets 1,789 1,266 +41.3%
Total Current Assets 10,999 9,609 +14.5%
Non-Current Assets
Property, Plant & Equipment 5,309 4,643 +14.3%
Other Non-Current Assets 3,692 3,953 -6.6%
Goodwill 42,991
Show Business Segments breakouts
Biotechnology · Operating Segments 23,139
Diagnostics · Operating Segments 6,971
Life Sciences · Operating Segments 12,881
Show Range breakouts
Maximum 23.1
Minimum 1.2
Total Assets 81,620
Show Business Segments breakouts
Biotechnology · Operating Segments 37,562
Diagnostics · Operating Segments 14,537
Life Sciences · Operating Segments 23,397
Show Consolidation Items breakouts
Corporate Non Segment 6,124
Operating Lease Right-of-Use Assets 1.1 1.1 0.0%
Intangible Assets (Q)
Show Business Segments breakouts
Life Sciences · Trade Names 76
Other Assets
Intangible Assets Net Excluding Goodwill 18,629 19,545 -4.7%
Current Liabilities
Debt Current 502 701 -28.4%
Accounts Payable Trade Current 1,725 1,645 +4.9%
Accrued Liabilities 4,565 4,355 +4.8%
Total Current Liabilities 6,792 6,701 +1.4%
Non-Current Liabilities
Other Non-Current Liabilities 5,633 5,643 -0.2%
Long-Term Debt 16,853
Show Debt Instrument breakouts
Euro Denominated Commercial Paper and 2026 Biopharma Euro Notes 2.6
Long-Term Debt 17,355 17,010 +2.0%
Show Debt Instrument breakouts
0.2% senior notes due 2026 · Senior Notes 1,463 1,336 +9.5%
0.3% senior notes due 2027 · Senior Notes 213 191 +11.5%
0.45% senior notes due 2028 · Senior Notes 1,460 1,333 +9.5%
0.65% senior notes due 2032 · Senior Notes 367 329 +11.6%
0.75% senior notes due 2031 · Senior Notes 2,042 1,866 +9.4%
1.125% senior bonds due 2028 · Bonds 264 236 +11.9%
1.2% senior notes due 2027 · Senior Notes 701 641 +9.4%
1.35% senior notes due 2039 · Senior Notes 1,451 1,325 +9.5%
1.8% senior notes due 2049 · Senior Notes 870 795 +9.4%
2.1% senior notes due 2026 · Senior Notes 936 855 +9.5%
2.5% senior notes due 2030 · Senior Notes 937 857 +9.3%
2.6% senior notes due 2029 · Senior Notes 797 797 0.0%
2.6% senior notes due 2050 · Senior Notes 982 982 0.0%
2.8% senior unsecured notes due 2051 · Senior Notes 985 985 0.0%
3.25% senior notes due 2039 · Senior Notes 892 891 +0.1%
3.35% senior notes due 2025 · Senior Notes 500 499 +0.2%
3.4% senior notes due 2049 · Senior Notes 890 890 0.0%
4.375% senior notes due 2045 · Senior Notes 500 499 +0.2%
Euro-denominated commercial paper · Commercial Paper 932 929 +0.3%
Other 14 8 +75.0%
Stockholders' Equity
Common Stock 9 9 0.0%
Additional Paid In Capital Common Stock 16,960 9,806 +73.0%
Treasury Stock Common Value -9,305
Retained Earnings 45,239 42,673 +6.0%
Accumulated Other Comprehensive Income -569
Total Stockholders' Equity 52,334 49,897 +4.9%
Minority Interest 8 5 +60.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 52,342 49,902 +4.9%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -297 -397 +25.2%
Accumulated Gain Loss Net Cash Flow Hedge Parent 155 79 +96.2%
Accumulated Other Comprehensive Income -569 -2,591 +78.0%
Accumulated Translation Adjustment -427 -2,273 +81.2%
Additional Paid In Capital 16,960 16,490 +2.9%
Common Stock 9 9 0.0%
Noncontrolling Interest 8 5 +60.0%
Retained Earnings 45,239 42,673 +6.0%
Treasury Stock Common -9,305 -6,684 -39.2%
Total Liabilities & Equity 81,620 78,555 +3.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation 366 357 +2.5%
Show Business Segments breakouts
Biotechnology · Operating Segments 72 77 -6.5%
Diagnostics · Operating Segments 200 197 +1.5%
Life Sciences · Operating Segments 90 79 +13.9%
Show Consolidation Items breakouts
Corporate Non Segment 4 4 0.0%
Amortization Of Intangible Assets 836 809 +3.3%
Show Business Segments breakouts
Biotechnology · Operating Segments 441 432 +2.1%
Diagnostics · Operating Segments 96 96 0.0%
Life Sciences · Operating Segments 299 281 +6.4%
Stock-Based Compensation 152 147 +3.4%
Investment Gains Losses And Pretax Gain On Sale Of Product Line 125 96 +30.2%
Asset Impairment Charges 447
Show Business Segments breakouts
Biotechnology · Operating Segments 15
Life Sciences · Operating Segments 432
Life Sciences · Trade Names 432
Show Finite Lived Intangible Assets By Major Class breakouts
Building 15
Change in Accounts Receivable 134 590 -77.3%
Change in Inventory -248 -152 -63.2%
Change in Accounts Payable -111 -104 -6.7%
Change in Prepaid & Other Assets -99 215 -146.0%
Increase Decrease In Other Accounts Payable And Accrued Liabilities -474 -822 +42.3%
Net Cash from Operations 2,637 3,156 -16.4%
Investing Activities
Capital Expenditures -493 -578 +14.7%
Proceeds From Sale Of Property Plant And Equipment 10 1 +900.0%
Payments To Acquire Investments -50 -127 +60.6%
Proceeds From Sale Maturity And Collections Of Investments 10 9 +11.1%
Proceeds From Sale Of Product Line 9
Other Investing Activities 14 26 -46.2%
Net Cash from Investing -500 -681 +26.6%
Financing Activities
Payments For Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options 14 76 -81.6%
Payments Of Dividends -423 -377 -12.2%
Proceeds From Debt Maturing In More Than Three Months 4
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less -1 15 -106.7%
Share Repurchases -1,078 -4,530 +76.2%
Proceeds From Payments For Other Financing Activities -18 -58 +69.0%
Net Cash from Financing -1,502 -5,848 +74.3%
Supplemental
Interest Paid 149 176 -15.3%
Income Taxes Paid 531 618 -14.1%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 244 -117 +308.5%
Net Change in Cash 879 -3,490 +125.2%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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