{ "ok": true, "cik": "313616", "ticker": "DHR", "name": "DANAHER CORPORATION", "filings": [ { "form": "8-K", "filed": "2026-08-03", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/313616/000119312526330652/0001193125-26-330652-index.htm" }, { "form": "8-K", "filed": "2026-07-21", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/313616/000031361626000163/0000313616-26-000163-index.htm" }, { "form": "10-Q", "filed": "2026-07-21", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/313616/000031361626000161/0000313616-26-000161-index.htm" }, { "form": "8-K", "filed": "2026-06-03", "items": [ "2.03 Creation of a Direct Financial Obligation", "8.01 Other Events" ], "url": "https://www.sec.gov/Archives/edgar/data/313616/000119312526255555/0001193125-26-255555-index.htm" }, { "form": "8-K", "filed": "2026-05-07", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/313616/000031361626000127/0000313616-26-000127-index.htm" }, { "form": "8-K", "filed": "2026-04-29", "items": [ "1.01 Entry into a Material Definitive Agreement", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/313616/000119312526191608/0001193125-26-191608-index.htm" } ], "events12m": 13, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-08-03", "url": "https://www.sec.gov/Archives/edgar/data/313616/000119312526330652/0001193125-26-330652-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000313616.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=313616" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up DANAHER CORPORATION ($DHR). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-08-03. 13 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 24568000000, "revenueGrowth1y": 0.02902617801047125, "revenueGrowthPerYear": -0.002367072041700946, "yearsOfData": 5, "operatingMargin": 0.19089873005535657, "operatingMarginPrior": 0.20368586387434556, "netMargin": 0.14710192119830673, "operatingCashFlow": 6416000000, "capitalSpending": 1156000000, "freeCashFlow": 5260000000, "researchAndDevelopment": 1598000000, "researchShareOfRevenue": 0.06504395962227287, "cash": 4615000000, "longTermDebt": 18418000000, "longTermDebtChange": 0.15076538581693222, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 24802000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 26643000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 23890000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 23875000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 24568000000 } ], "totalEquity": 52534000000, "totalAssets": 83464000000, "equityRatio": 0.6294210677657434, "returnOnEquity": 0.06879354322914684, "dividendsPaid": 878000000, "payoutRatio": 0.24294410625345877, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 5.07, "sharesOutstanding": 716100000, "bookValuePerShare": 73.36126239352046, "revenuePerShare": 34.30805753386399, "range80": { "low": 21551501964.387386, "high": 26215918819.207962, "baseline": 24597001567.633587, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.07706922276760861, "classVolatility": 0.06659579566308972, "volatility": 0.0720231389832576 }, "ifPaceHeld": { "low": 21551501964.387386, "high": 26215918819.207962 } }, "edgarette": "🔖 Exposure: revenue $24.6B (FY2025), total debt $18.4B. Experience: revenue up 2.9% on the year, down 0.2% a year over 4 years; operating margin 19.1%, down from 20.4%. Soundness: equity 62.9% of assets, return on equity 6.9%, payout 24.3% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $21.6B and $26.2B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $19.8B to $28.4B. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, industrial instruments for measurement, display, and control): operating margin 19.1% against a 16.3% median; growth 2.9% against 3.4%.", "peers": { "sic": 3823, "sicDescription": "Industrial Instruments For Measurement, Display, and Control", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3823", "growth": [ 0.0338, 11 ], "opMargin": [ 0.163, 11 ], "equityRatio": [ 0.5498, 11 ], "returnOnEquity": [ 0.0767, 11 ], "payoutRatio": [ 0.237, 8 ] }, "summary": "Danaher (DHR) grew revenue 2.9% in FY2025 to $24.6 billion, operating margin 19.1% against a 16.3% median for industrial instruments for measurement, display, and control, equity 62.9% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
DANAHER CORPORATION against its own record and its peers
Operating marginPeer median 16.3%19.1%Revenue, on the yearPeer median 3.4%2.9%Equity of assetsPeer median 55.0%62.9%Return on equityPeer median 7.7%6.9%Payout of profitPeer median 23.7%24.3%Gold tick: the median of 8–11 peers with $50M+ revenue in industrial instruments for measurement, display, and control
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit24.3% paid out75.7% keptGrowth its own profit can fund5.2%retained x return on equityRevenue growth it managed2.9%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 11, "rate": 0.7333333333333333, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 0, 1 ], "2015": [ 0, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:05.849Z", "hash": "3b50c0012c77798b", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Danaher (DHR) grew revenue 2.9% in FY2025 to $24.6 billion, operating margin 19.1% against a 16.3% median for industrial instruments for measurement, display, and control, equity 62.9% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 24568000000, "totalDebt": 18418000000, "cash": 4615000000 }, "experience": { "revenueGrowth1y": 0.02902617801047125, "revenueGrowthPerYear": -0.002367072041700946, "operatingMargin": 0.19089873005535657, "operatingMarginPrior": 0.20368586387434556, "netMargin": 0.14710192119830673, "freeCashFlow": 5260000000 }, "soundness": { "equityRatio": 0.6294210677657434, "returnOnEquity": 0.06879354322914684, "payoutRatio": 0.24294410625345877, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3823, "sicDescription": "Industrial Instruments For Measurement, Display, and Control", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3823", "growth": [ 0.0338, 11 ], "opMargin": [ 0.163, 11 ], "equityRatio": [ 0.5498, 11 ], "returnOnEquity": [ 0.0767, 11 ], "payoutRatio": [ 0.237, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-08-03", "url": "https://www.sec.gov/Archives/edgar/data/313616/000119312526330652/0001193125-26-330652-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 21551501964.387386, "high": 26215918819.207962, "baseline": 24597001567.633587, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.07706922276760861, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.0720231389832576, "k": 3 }, "stress": { "low": 19774236817.733166, "high": 28357034186.80862, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 11, "rate": 0.7333333333333333, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 0, 1 ], "2015": [ 0, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:05.849Z", "hash": "3b50c0012c77798b", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000313616.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=313616" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2612, "growth3y": -0.0267, "volatility": 0.0771, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.6294, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 26.1% of revenue into operating cash; revenue shrinking 2.7% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 78th percentile for cash, 18th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$10B+", "cashPctInClass": 78, "growthPctInClass": 18, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 6416000000, "investing": -1196000000, "financing": -2961000000, "capitalSpending": 1156000000, "free": 5260000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 8358000000, "free": 7118000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 8519000000, "free": 7401000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 7164000000, "free": 5781000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 6688000000, "free": 5296000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 6416000000, "free": 5260000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 4615000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 83464000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.2612, "growth3y": -0.0267, "volatility": 0.0771, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.6294, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 26.1% of revenue into operating cash; revenue shrinking 2.7% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 78th percentile for cash, 18th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$10B+", "cashPctInClass": 78, "growthPctInClass": 18, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 6416000000, "investing": -1196000000, "financing": -2961000000, "capitalSpending": 1156000000, "free": 5260000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 8358000000, "free": 7118000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 8519000000, "free": 7401000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 7164000000, "free": 5781000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 6688000000, "free": 5296000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 6416000000, "free": 5260000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 4615000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 83464000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }