# DANAHER CORPORATION (DHR) · Edgar & Edgarette company card

> 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.

SEC CIK 313616 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/DHR) · [JSON](https://www.pops4.com/boards/company/DHR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $24.6B |
| Revenue growth, 1 year | 2.9% |
| Revenue growth per year | -0.2% |
| Operating margin | 19.1% (prior year 20.4%) |
| Net margin | 14.7% |
| Operating cash flow | $6.4B |
| Capital spending | $1.2B |
| Free cash flow | $5.3B |
| Cash | $4.6B |
| Long-term debt | $18.4B |
| Total assets | $83.5B |
| Total equity | $52.5B |
| Equity ÷ assets | 62.9% |
| Return on equity | 6.9% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 4.46 (safe zone)
- Piotroski F: 5 of 9 (middling)
- Beneish M: -2.57 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

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; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). 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%.

Range logged 2026-09-26, receipt 3b50c0012c77798b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 4, latest 2026-10-13 ([filing](https://www.sec.gov/Archives/edgar/data/313616/000031361626000193/0000313616-26-000193-index.htm))

## Recent filings

- 8-K · filed 2026-10-21 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/313616/000031361626000201/0000313616-26-000201-index.htm)
- 10-Q · filed 2026-10-21 · [filing](https://www.sec.gov/Archives/edgar/data/313616/000031361626000199/0000313616-26-000199-index.htm)
- 8-K · filed 2026-10-13 · 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events · [filing](https://www.sec.gov/Archives/edgar/data/313616/000031361626000193/0000313616-26-000193-index.htm)
- 8-K · filed 2026-08-03 · 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 · [filing](https://www.sec.gov/Archives/edgar/data/313616/000119312526330652/0001193125-26-330652-index.htm)
- 8-K · filed 2026-07-21 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/313616/000031361626000163/0000313616-26-000163-index.htm)
- 10-Q · filed 2026-07-21 · [filing](https://www.sec.gov/Archives/edgar/data/313616/000031361626000161/0000313616-26-000161-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000313616.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=313616

## Cite

POPS4, Edgar & Edgarette: DANAHER CORPORATION (DHR) company card, from the company's own SEC filings, accessed 2026-11-10, https://www.pops4.com/boards/company/DHR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

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.