PerpEquities

Equity · Healthcare

Is Danaher Corporation (DHR) tradable as a perp? Not yet

Danaher Corporation is a diversified global technology and science company providing products and services in life sciences, diagnostics, and environmental & applied solutions.

Not yet listed on any perp exchange

No perpetual-futures venue lists DHR yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

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TradingView symbol NYSE:DHR

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Company data

Company fundamentals

Updated 3h ago
Market cap
$148.9B
Updated 3h ago
Revenue
$25.1B
Trailing 12 months
Revenue growth
+7%
Next fiscal year
Profit margin
+15.9%
P/E
37.5
Peer P/E 21.3
Free cash flow
$5.5B
Trailing 12 months
More metrics
Net income
$4B
Trailing 12 months
P/S
5.9
Peer P/E
21.3
Similar listed perps
Revenue estimate
$26.3B
Next fiscal year
Earnings
2026-10-20
Revenue est. $6.6B · Updated 3h ago
Dividend
$0.4
2026-09-30

Fundamental detail

Annual + quarterly
Latest revenue$24.6B
Net margin+14.7%
Free cash flow$5.3B
Net debt$13.8B
2020$22.3B
2021$29.5B
2022$26.6B
2023$23.9B
2024$23.9B
2025$24.6B
PeriodRevenueGrowthNet incomeFCF
2020$22.3B+24%$3.6B$5.4B
2021$29.5B+32%$6.4B$7.1B
2022$26.6B-10%$7.2B$7.4B
2023$23.9B-10%$4.8B$5.8B
2024$23.9B0%$3.9B$5.3B
2025$24.6B+3%$3.6B$5.3B
PeriodGross marginOperating marginNet marginROEROA
2020+56.0%+19.4%+16.4%+9.2%+4.8%
2021+61.0%+27.3%+21.8%+14.2%+7.7%
2022+60.8%+28.3%+27.1%+14.4%+8.5%
2023+58.7%+22.1%+19.9%+8.9%+5.6%
2024+59.5%+21.7%+16.3%+7.9%+5.0%
2025+60.9%+20.9%+14.7%+6.9%+4.3%
PeriodCashDebtNet debtCurrent ratio
2020$6B$22.2B$16.1B1.86
2021$2.6B$23.3B$20.7B1.43
2022$6B$20.6B$14.6B1.89
2023$5.9B$19.5B$13.7B1.68
2024$2.1B$17.1B$15.1B1.40
2025$4.6B$18.4B$13.8B1.87
PeriodMarket capEnterprise valueP/SP/E
2020$139.1B$155.2B6.239.6
2021$208.4B$229.1B7.133.3
2022$170.6B$185.2B6.424.0
2023$170.4B$184.1B7.135.9
2024$167.8B$182.9B7.043.1
2025$161.9B$175.7B6.645.2
Q3 2024$5.8B
Q4 2024$6.5B
Q1 2025$5.7B
Q2 2025$5.9B
Q3 2025$6.1B
Q4 2025$6.8B
Q1 2026$6B
Q2 2026$6.3B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$5.8B+3%$818M$1.2B
Q4 2024$6.5B+2%$1.1B$1.5B
Q1 2025$5.7B-1%$954M$1.1B
Q2 2025$5.9B+3%$555M$1.1B
Q3 2025$6.1B+4%$908M$1.4B
Q4 2025$6.8B+5%$1.2B$1.7B
Q1 2026$6B+4%$1B$1.1B
Q2 2026$6.3B+6%$870M$1.3B
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+58.7%+16.5%+14.1%+1.6%+1.0%
Q4 2024+59.5%+26.7%+16.6%+2.2%+1.4%
Q1 2025+61.2%+22.2%+16.6%+1.9%+1.2%
Q2 2025+66.6%+20.1%+9.3%+1.1%+0.7%
Q3 2025+58.2%+19.1%+15.0%+1.8%+1.1%
Q4 2025+58.0%+22.0%+17.5%+2.3%+1.4%
Q1 2026+60.3%+22.6%+17.3%+1.9%+1.2%
Q2 2026+57.6%+18.0%+13.9%+1.7%+0.9%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$2.6B$18.8B$16.2B1.37
Q4 2024$2.1B$17.1B$15.1B1.40
Q1 2025$2B$17.6B$15.6B1.43
Q2 2025$3B$18.6B$15.6B1.62
Q3 2025$1.5B$16.9B$15.3B1.52
Q4 2025$4.6B$18.4B$13.8B1.87
Q1 2026$5.7B$18.5B$12.8B1.87
Q2 2026$4.3B$26.6B$22.2B1.65
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$199.1B$215.3B34.360.9
Q4 2024$167.8B$182.9B25.738.3
Q1 2025$147.5B$163B25.738.7
Q2 2025$142.4B$158B24.064.5
Q3 2025$131.4B$146.7B21.736.1
Q4 2025$161.9B$175.7B23.733.9
Q1 2026$128.5B$141.3B21.631.3
Q2 2026$138.4B$160.6B22.139.9

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$6.3BQ2 2026
$1.7B$3.4B$5.1B$6.8BQ3 2023: $5.6BQ4 2023: $6.4BQ1 2024: $5.8BQ2 2024: $5.7BQ3 2024: $5.8BQ4 2024: $6.5BQ1 2025: $5.7BQ2 2025: $5.9BQ3 2025: $6.1BQ4 2025: $6.8BQ1 2026: $6BQ2 2026: $6.3BQ3 2023Q2 2026
Net income$870MQ2 2026
$299.3M$598.5M$897.8M$1.2BQ3 2023: $1.1BQ4 2023: $1.1BQ1 2024: $1.1BQ2 2024: $907MQ3 2024: $818MQ4 2024: $1.1BQ1 2025: $954MQ2 2025: $555MQ3 2025: $908MQ4 2025: $1.2BQ1 2026: $1BQ2 2026: $870MQ3 2023Q2 2026
EBITDA$1.8BQ2 2026
$512.8M$1B$1.5B$2.1BQ3 2023: $1.7BQ4 2023: $1.8BQ1 2024: $1.9BQ2 2024: $1.7BQ3 2024: $1.7BQ4 2024: $2BQ1 2025: $1.8BQ2 2025: $1.3BQ3 2025: $1.8BQ4 2025: $2.1BQ1 2026: $1.5BQ2 2026: $1.8BQ3 2023Q2 2026
Free cash flow$1.3BQ2 2026
$436.5M$873M$1.3B$1.7BQ3 2023: $1.3BQ4 2023: $1.2BQ1 2024: $1.4BQ2 2024: $1.1BQ3 2024: $1.2BQ4 2024: $1.5BQ1 2025: $1.1BQ2 2025: $1.1BQ3 2025: $1.4BQ4 2025: $1.7BQ1 2026: $1.1BQ2 2026: $1.3BQ3 2023Q2 2026
EPS$1.23Q2 2026
$0.42$0.84$1.26$1.68Q3 2023: $1.51Q4 2023: $1.45Q1 2024: $1.45Q2 2024: $1.22Q3 2024: $1.12Q4 2024: $1.49Q1 2025: $1.32Q2 2025: $0.77Q3 2025: $1.27Q4 2025: $1.68Q1 2026: $1.45Q2 2026: $1.23Q3 2023Q2 2026
Cash / Debt$4.3BQ2 2026
$6.6B$13.3B$19.9B$26.6BQ3 2023 · Cash: $12.3BQ3 2023 · Debt: $23.2BQ4 2023 · Cash: $5.9BQ4 2023 · Debt: $19.5BQ1 2024 · Cash: $7BQ1 2024 · Debt: $19.3BQ2 2024 · Cash: $2.4BQ2 2024 · Debt: $18.2BQ3 2024 · Cash: $2.6BQ3 2024 · Debt: $18.8BQ4 2024 · Cash: $2.1BQ4 2024 · Debt: $17.1BQ1 2025 · Cash: $2BQ1 2025 · Debt: $17.6BQ2 2025 · Cash: $3BQ2 2025 · Debt: $18.6BQ3 2025 · Cash: $1.5BQ3 2025 · Debt: $16.9BQ4 2025 · Cash: $4.6BQ4 2025 · Debt: $18.4BQ1 2026 · Cash: $5.7BQ1 2026 · Debt: $18.5BQ2 2026 · Cash: $4.3BQ2 2026 · Debt: $26.6BQ3 2023Q2 2026
CashDebt
Profitability+57.6%Q2 2026
+16.7%+33.3%+50.0%+66.6%Q3 2023 · Gross margin: +58.2%Q4 2023 · Gross margin: +59.0%Q1 2024 · Gross margin: +60.2%Q2 2024 · Gross margin: +59.7%Q3 2024 · Gross margin: +58.7%Q4 2024 · Gross margin: +59.5%Q1 2025 · Gross margin: +61.2%Q2 2025 · Gross margin: +66.6%Q3 2025 · Gross margin: +58.2%Q4 2025 · Gross margin: +58.0%Q1 2026 · Gross margin: +60.3%Q2 2026 · Gross margin: +57.6%Q3 2023 · Operating margin: +21.1%Q4 2023 · Operating margin: +22.1%Q1 2024 · Operating margin: +22.6%Q2 2024 · Operating margin: +20.3%Q3 2024 · Operating margin: +16.5%Q4 2024 · Operating margin: +26.7%Q1 2025 · Operating margin: +22.2%Q2 2025 · Operating margin: +20.1%Q3 2025 · Operating margin: +19.1%Q4 2025 · Operating margin: +22.0%Q1 2026 · Operating margin: +22.6%Q2 2026 · Operating margin: +18.0%Q3 2023 · Net margin: +20.1%Q4 2023 · Net margin: +16.8%Q1 2024 · Net margin: +18.8%Q2 2024 · Net margin: +15.8%Q3 2024 · Net margin: +14.1%Q4 2024 · Net margin: +16.6%Q1 2025 · Net margin: +16.6%Q2 2025 · Net margin: +9.3%Q3 2025 · Net margin: +15.0%Q4 2025 · Net margin: +17.5%Q1 2026 · Net margin: +17.3%Q2 2026 · Net margin: +13.9%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+5.5%Q2 2026
+0.7%+2.3%+3.9%+5.5%Q3 2024: +3.1%Q4 2024: +2.1%Q1 2025: -0.9%Q2 2025: +3.4%Q3 2025: +4.4%Q4 2025: +4.6%Q1 2026: +3.7%Q2 2026: +5.5%Q3 2023Q2 2026
Shares outstanding707.6MQ2 2026
187.2M374.3M561.5M748.6MQ3 2023: 745.9MQ4 2023: 746.1MQ1 2024: 748.6MQ2 2024: 742.4MQ3 2024: 729.4MQ4 2024: 737.2MQ1 2025: 720.8MQ2 2025: 719.1MQ3 2025: 713.7MQ4 2025: 711MQ1 2026: 711.2MQ2 2026: 707.6MQ3 2023Q2 2026
Valuation39.9Q2 2026
16.132.348.464.5Q3 2023 · P/E: 35.9Q4 2023 · P/E: 39.6Q1 2024 · P/E: 42.5Q2 2024 · P/E: 50.8Q3 2024 · P/E: 60.9Q4 2024 · P/E: 38.3Q1 2025 · P/E: 38.7Q2 2025 · P/E: 64.5Q3 2025 · P/E: 36.1Q4 2025 · P/E: 33.9Q1 2026 · P/E: 31.3Q2 2026 · P/E: 39.9Q3 2023 · P/S: 28.9Q4 2023 · P/S: 26.7Q1 2024 · P/S: 31.9Q2 2024 · P/S: 32.1Q3 2024 · P/S: 34.3Q4 2024 · P/S: 25.7Q1 2025 · P/S: 25.7Q2 2025 · P/S: 24.0Q3 2025 · P/S: 21.7Q4 2025 · P/S: 23.7Q1 2026 · P/S: 21.6Q2 2026 · P/S: 22.1Q3 2023Q2 2026
P/EP/S
Revenue$24.6B2025
$7.4B$14.7B$22.1B$29.5B2018: $17B2019: $17.9B2020: $22.3B2021: $29.5B2022: $26.6B2023: $23.9B2024: $23.9B2025: $24.6B20182025
Net income$3.6B2025
$1.8B$3.6B$5.4B$7.2B2018: $2.7B2019: $2.6B2020: $3.6B2021: $6.4B2022: $7.2B2023: $4.8B2024: $3.9B2025: $3.6B20182025
EBITDA$6.9B2025
$2.5B$5B$7.5B$10B2018: $4.3B2019: $4.6B2020: $6.5B2021: $10B2022: $9.5B2023: $7.5B2024: $7.3B2025: $6.9B20182025
Free cash flow$5.3B2025
$1.8B$3.7B$5.5B$7.4B2018: $3.4B2019: $3.3B2020: $5.4B2021: $7.1B2022: $7.4B2023: $5.8B2024: $5.3B2025: $5.3B20182025
EPS$5.042025
$2.41$4.82$7.23$9.642018: $3.732019: $3.432020: $4.892021: $8.612022: $9.642023: $6.382024: $5.292025: $5.0420182025
Cash / Debt$4.6B2025
$5.8B$11.6B$17.5B$23.3B2018 · Cash: $787.8M2018 · Debt: $9.7B2019 · Cash: $19.9B2019 · Debt: $22.5B2020 · Cash: $6B2020 · Debt: $22.2B2021 · Cash: $2.6B2021 · Debt: $23.3B2022 · Cash: $6B2022 · Debt: $20.6B2023 · Cash: $5.9B2023 · Debt: $19.5B2024 · Cash: $2.1B2024 · Debt: $17.1B2025 · Cash: $4.6B2025 · Debt: $18.4B20182025
CashDebt
Profitability+60.9%2025
+15.2%+30.5%+45.7%+61.0%2018 · Gross margin: +55.8%2019 · Gross margin: +55.7%2020 · Gross margin: +56.0%2021 · Gross margin: +61.0%2022 · Gross margin: +60.8%2023 · Gross margin: +58.7%2024 · Gross margin: +59.5%2025 · Gross margin: +60.9%2018 · Operating margin: +18.0%2019 · Operating margin: +18.8%2020 · Operating margin: +19.4%2021 · Operating margin: +27.3%2022 · Operating margin: +28.3%2023 · Operating margin: +22.1%2024 · Operating margin: +21.7%2025 · Operating margin: +20.9%2018 · Net margin: +15.5%2019 · Net margin: +14.3%2020 · Net margin: +16.4%2021 · Net margin: +21.8%2022 · Net margin: +27.1%2023 · Net margin: +19.9%2024 · Net margin: +16.3%2025 · Net margin: +14.7%20182025
Gross marginOperating marginNet margin
Revenue growth+2.9%2025
+0.3%+10.9%+21.5%+32.2%2019: +5.1%2020: +24.4%2021: +32.2%2022: -9.5%2023: -10.3%2024: -0.1%2025: +2.9%20182025
Shares outstanding711M2025
185.8M371.6M557.3M743.1M2018: 710.2M2019: 725.5M2020: 718.7M2021: 736.8M2022: 737.1M2023: 743.1M2024: 737.2M2025: 711M20182025
Valuation45.22025
11.322.633.945.22018 · P/E: 24.22019 · P/E: 39.12020 · P/E: 39.62021 · P/E: 33.32022 · P/E: 24.02023 · P/E: 35.92024 · P/E: 43.12025 · P/E: 45.22018 · P/S: 3.82019 · P/S: 5.42020 · P/S: 6.22021 · P/S: 7.12022 · P/S: 6.42023 · P/S: 7.12024 · P/S: 7.02025 · P/S: 6.620182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.51$26.3B+7%15
FY 20279.30$28.4B+16%15
FY 202810.22$30.3B+23%7
FY 202911.33$32.6B+33%2
FY 203012.48$33.9B+38%4
Q1 20272.24$6.7B+12%6

Company events

6
2026-10-20EarningsActual - / Estimate 1.91-
2026-09-30Dividend$0.4-
2026-07-21EarningsActual 1.94 / Estimate 1.85Beat
2026-06-26Dividend$0.4-
2026-04-21EarningsActual 2.06 / Estimate 1.94Beat
2026-03-27Dividend$0.4-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
PFE$157.3B2.536.5+6.8%3ISRG$139B12.644.4+28.4%8VRTX$129B10.229.3+34.9%3GILD$186.4B6.1-57.7-10.6%7NVO$192B3.810.7+35.3%14AMGN$208.1B5.523.8+22.9%7REGN$80.8B5.218.7+27.9%6BSX$64.4B3.117.5+17.5%2

Analyst track record

How the analysts covering DHR have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings110316
Analysts2839
Buy / hold / sell100 / 10 / 0254 / 62 / 0
Upgrades / downgrades / initiations0 / 2 / 79 / 5 / 14
Price targets hit / missed14 / 85 (14%)24 / 269 (8%)
Avg. return after a rating (TipRanks)-11.3%-15.3%
Best / worst call+15.5% / -31.5%+72.8% / -36.2%

After buy calls on this stock: median 21-day move +1.1% vs S&P 500 -1.3% (n = 254)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Catherine Ramsey SchulteRobert W. Baird82% hit rate on this stock · 11 targets measuredBuytarget $245Apr 22, 2026
  2. Puneet SoudaLeerink Partners69% hit rate on this stock · 13 targets measuredBuytarget $235Oct 22, 2025
  3. Michael RyskinBank of America Securities55% hit rate on this stock · 11 targets measuredBuytarget $230Aug 3, 2026

Latest ratings

DateAnalystCallTarget
Sep 18, 2026Tycho PetersonJefferiesBuyMaintained$210article ↗
Sep 18, 2026Tycho PetersonJefferiesBuyMaintained$210
Sep 13, 2026Doug SchenkelUBSBuyInitiated$250article ↗
Sep 13, 2026Doug SchenkelUBSBuyInitiated$250
Aug 3, 2026Evie KosloskyGoldman SachsBuyMaintained$210article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$180$200$220$240$260Oct 25 · Buy 15 · Hold 4 · Sell 0Oct 25Nov 25 · Buy 15 · Hold 4 · Sell 0Dec 25 · Buy 18 · Hold 4 · Sell 0Dec 25Jan 26 · Buy 19 · Hold 3 · Sell 0Feb 26 · Buy 19 · Hold 3 · Sell 0Feb 26Mar 26 · Buy 18 · Hold 3 · Sell 0Apr 26 · Buy 18 · Hold 2 · Sell 0Apr 26May 26 · Buy 18 · Hold 2 · Sell 0Jun 26 · Buy 19 · Hold 4 · Sell 0Jun 26Jul 26 · Buy 19 · Hold 4 · Sell 0Aug 26 · Buy 19 · Hold 4 · Sell 0Aug 26Sep 26 · Buy 20 · Hold 4 · Sell 0Oct 25 · avg. target $245Nov 25 · avg. target $245Dec 25 · avg. target $255Jan 26 · avg. target $261Feb 26 · avg. target $261Mar 26 · avg. target $262Apr 26 · avg. target $243May 26 · avg. target $238Jun 26 · avg. target $231Jul 26 · avg. target $222Aug 26 · avg. target $222Sep 26 · avg. target $223Oct 25 · month-end close $215Nov 25 · month-end close $227Dec 25 · month-end close $229Jan 26 · month-end close $219Feb 26 · month-end close $211Mar 26 · month-end close $190Apr 26 · month-end close $179May 26 · month-end close $183Jun 26 · month-end close $190Jul 26 · month-end close $195Aug 26 · month-end close $214Sep 26 · month-end close $213

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 110 ratings