Danaher Corporation (DHR) balance sheet
NYSE · Healthcare · Medical - Diagnostics & Research · 59,000 employees · CEO Julie Sawyer Montgomery
- Price
- $232.23 -2.00%
- Market cap
- $163B
- Enterprise value
- $184B
- Last report
- Q3 '26 filed 2026-10-21
- Next report
- 2027-01-27 EPS est. $2.49
At the end of Q3 '26 Danaher Corporation (DHR) held $5.68B in cash and short-term investments against $26.5B of debt incl. leases. Total assets $93.3B, total liabilities $39.7B, shareholders' equity $53.6B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $5.86B | $7.03B | $2.37B | $2.63B | $2.08B | $1.99B | $2.96B | $1.53B | $4.62B | $5.7B | $4.35B | $5.68B | |
| Receivables | $4.64B | $3.38B | $3.3B | $3.51B | $4.39B | $4.31B | $4.52B | $3.76B | $3.91B | $3.82B | $3.97B | $5.13B | |
| Inventory | $2.59B | $2.65B | $2.67B | $2.68B | $2.33B | $2.53B | $2.69B | $2.67B | $2.49B | $2.61B | $3.26B | $3.13B | |
| Other current assets | $71M | $1.32B | $685M | $657M | $79M | $86M | $90M | $1.65B | $1.74B | $1.81B | $1.81B | $845M | |
| Current assets | $13.9B | $14.4B | $9.61B | $10.1B | $9.5B | $9.53B | $11B | $9.61B | $12.8B | $13.9B | $13.4B | $14.8B | |
| Property, plant & equipment (net) | $5.61B | $5.66B | $5.74B | $6.04B | $6.07B | $6.21B | $6.41B | $5.38B | $6.75B | $6.67B | $7.03B | $5.77B | |
| Long-term investments | $1.7B | $1.77B | $1.98B | $1.7B | $1.82B | $1.8B | $1.48B | $1.53B | $1.55B | $1.62B | $1.59B | $1.57B | |
| Goodwill | $41.6B | $40.8B | $40.8B | $42.2B | $40.5B | $41.7B | $43B | $42.9B | $43.2B | $42.8B | $47.4B | $47.3B | |
| Intangible assets | $20.7B | $19.9B | $19.5B | $19.9B | $18.6B | $18.9B | $18.6B | $18.1B | $17.8B | $17.2B | $21.4B | $21.1B | |
| Other non-current assets | $896M | $864M | $877M | $783M | $1.09B | $1.04B | $1.11B | $2.34B | $1.45B | $1.39B | $1.6B | $2.79B | |
| Non-current assets | $70.6B | $69B | $68.9B | $70.6B | $68B | $69.6B | $70.6B | $70.3B | $70.7B | $69.6B | $79B | $78.5B | |
| Total assets | $84.5B | $83.4B | $78.6B | $80.6B | $77.5B | $79.1B | $81.6B | $79.9B | $83.5B | $83.5B | $92.4B | $93.3B | |
| Liabilities | |||||||||||||
| Accounts payable | $1.77B | $1.68B | $1.65B | $1.6B | $1.75B | $1.72B | $1.73B | $1.7B | $1.84B | $1.79B | $1.82B | $1.74B | |
| Accrued expenses | $1.18B | $0 | $0 | $0 | $1.16B | $0 | $0 | $0 | $0 | $0 | $4.87B | $0 | |
| Short-term debt | $1.88B | $2.85B | $1.9B | $2.5B | $678M | $1.6B | $1.7B | $23M | $2M | $923M | $1.41B | $2.09B | |
| Taxes payable | $582M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $1.47B | $0 | $0 | $0 | $1.3B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other current liabilities | $1.4B | $3.25B | $3.16B | $3.24B | $1.34B | $3.32B | $3.37B | $4.6B | $4.96B | $4.75B | $0 | $5.21B | |
| Current liabilities | $8.27B | $7.78B | $6.7B | $7.34B | $6.8B | $6.65B | $6.79B | $6.32B | $6.81B | $7.46B | $8.11B | $9.05B | |
| Long-term debt | $16.7B | $16.4B | $16.3B | $16.3B | $15.5B | $16B | $16.9B | $16.8B | $18.4B | $17.6B | $25.1B | $24.4B | |
| Lease obligations (non-current) | $954M | $0 | $0 | $0 | $968M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue (non-current) | $249M | $0 | $0 | $0 | $232M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-current liabilities | $4.81B | $5.76B | $5.64B | $5.65B | $4.49B | $5.64B | $5.63B | $5.67B | $5.71B | $5.57B | $6.53B | $6.22B | |
| Non-current liabilities | $22.7B | $22.2B | $22B | $22B | $21.2B | $21.6B | $22.5B | $22.5B | $24.1B | $23.1B | $31.7B | $30.6B | |
| Total liabilities | $31B | $30B | $28.7B | $29.3B | $28B | $28.3B | $29.3B | $28.8B | $30.9B | $30.6B | $39.8B | $39.7B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | |
| Retained earnings | $41.1B | $42B | $42.7B | $43.3B | $44.2B | $44.9B | $45.2B | $45.9B | $46.9B | $47.6B | $48.2B | $49.2B | |
| Accumulated other comprehensive income | -$1.75B | -$2.74B | -$2.59B | -$1.31B | -$3.22B | -$1.61B | -$569M | -$590M | -$207M | -$593M | -$795M | -$865M | |
| Shareholders' equity | $53.5B | $53.4B | $49.9B | $51.3B | $49.5B | $50.8B | $52.3B | $51.1B | $52.5B | $52.9B | $52.6B | $53.6B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $19.5B | $19.3B | $18.2B | $18.8B | $17.1B | $17.6B | $18.6B | $16.9B | $18.4B | $18.5B | $26.6B | $26.5B | |
| Net debt (debt - cash) | $13.7B | $12.2B | $15.8B | $16.2B | $15.1B | $15.6B | $15.6B | $15.3B | $13.8B | $12.8B | $22.2B | $20.8B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $964M | $630M | $788M | $19.9B | $6.04B | $2.59B | $6B | $5.86B | $2.08B | $4.62B | |
| Receivables | $3.19B | $3.52B | $3.11B | $3.27B | $4.81B | $5.44B | $5.06B | $4.64B | $4.39B | $3.91B | |
| Inventory | $1.71B | $1.84B | $1.63B | $1.63B | $2.29B | $2.77B | $2.77B | $2.59B | $2.33B | $2.49B | |
| Other current assets | $806M | $857M | $1.56B | $788M | $665M | $82M | $1.36B | $71M | $79M | $1.74B | |
| Current assets | $6.67B | $6.85B | $7.09B | $25.6B | $13.8B | $11.6B | $15.9B | $13.9B | $9.5B | $12.8B | |
| Property, plant & equipment (net) | $2.35B | $2.45B | $2.25B | $3.07B | $4.2B | $4.83B | $4.59B | $5.61B | $6.07B | $6.75B | |
| Long-term investments | $170M | $45.4M | $38.3M | $33.7M | $27M | $1.32B | $2.16B | $1.7B | $1.82B | $1.55B | |
| Goodwill | $23.8B | $25.1B | $22.6B | $22.7B | $35.4B | $41.2B | $37.3B | $41.6B | $40.5B | $43.2B | |
| Intangible assets | $11.8B | $11.7B | $10.3B | $9.75B | $21.3B | $22.8B | $19.8B | $20.7B | $18.6B | $17.8B | |
| Other non-current assets | $461M | $493M | $5.59B | $923M | $1.43B | $1.36B | $4.61B | $896M | $1.09B | $1.45B | |
| Non-current assets | $38.6B | $39.8B | $40.7B | $36.5B | $62.4B | $71.5B | $68.5B | $70.6B | $68B | $70.7B | |
| Total assets | $45.3B | $46.6B | $47.8B | $62.1B | $76.2B | $83.2B | $84.4B | $84.5B | $77.5B | $83.5B | |
| Liabilities | |||||||||||
| Accounts payable | $1.49B | $1.51B | $1.5B | $1.51B | $2.05B | $2.57B | $1.86B | $1.77B | $1.75B | $1.84B | |
| Accrued expenses | $1.01B | $1.06B | $973M | $1.08B | $1.46B | $1.44B | $1.22B | $1.18B | $1.16B | $0 | |
| Short-term debt | $2.59B | $195M | $51.8M | $370M | $200M | $215M | $758M | $1.88B | $505M | $2M | |
| Taxes payable | $294M | $386M | $292M | $357M | $552M | $707M | $691M | $582M | $0 | $0 | |
| Deferred revenue | $540M | $666M | $627M | $688M | $1.21B | $1.61B | $1.46B | $1.47B | $1.3B | $0 | |
| Other current liabilities | $955M | $979M | $1.41B | $921M | $1.93B | $1.59B | $2.48B | $1.4B | $1.34B | $4.96B | |
| Current liabilities | $6.87B | $4.79B | $4.84B | $4.93B | $7.4B | $8.14B | $8.39B | $8.27B | $6.8B | $6.81B | |
| Long-term debt | $9.67B | $10.3B | $9.69B | $21.5B | $21.2B | $22.2B | $19.1B | $16.7B | $15.5B | $18.4B | |
| Lease obligations (non-current) | $15.2M | $0 | $0 | $652M | $785M | $889M | $772M | $954M | $968M | $0 | |
| Deferred revenue (non-current) | $92.7M | $105M | $110M | $118M | $205M | $213M | $221M | $249M | $232M | $0 | |
| Other non-current liabilities | $5.58B | $5.06B | $4.97B | $4.59B | $6.8B | $6.6B | $5.79B | $4.81B | $4.49B | $5.71B | |
| Non-current liabilities | $15.3B | $15.5B | $14.8B | $26.9B | $29B | $29.9B | $25.9B | $22.7B | $21.2B | $24.1B | |
| Total liabilities | $22.2B | $20.3B | $19.6B | $31.8B | $36.4B | $38B | $34.3B | $31B | $28B | $30.9B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $8.1M | $8.1M | $8.2M | $8.4M | $9M | $9M | $9M | $9M | $9M | $9M | |
| Retained earnings | $20.7B | $22.8B | $25.2B | $24.2B | $27.2B | $32.8B | $39.2B | $41.1B | $44.2B | $46.9B | |
| Accumulated other comprehensive income | -$3.02B | -$1.99B | -$2.79B | -$3.07B | -$368M | -$1.03B | -$2.87B | -$1.75B | -$3.22B | -$207M | |
| Shareholders' equity | $23B | $26.4B | $28.2B | $30.3B | $39.8B | $45.2B | $50.1B | $53.5B | $49.5B | $52.5B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $12.3B | $10.5B | $9.74B | $22.5B | $22.2B | $23.3B | $20.6B | $19.5B | $17.1B | $18.4B | |
| Net debt (debt - cash) | $11.3B | $9.89B | $8.95B | $2.61B | $16.1B | $20.7B | $14.6B | $13.7B | $15.1B | $13.8B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-25, 10-Q 2026-06-26, 10-Q 2026-03-27, 10-K 2025-12-31, 10-Q 2025-09-26, 10-Q 2025-06-27, 10-Q 2025-03-28, 10-K 2024-12-31, 10-Q 2024-09-27
Data as of 2026-11-01