How does Danaher (DHR) make money?

Danaher (DHR) generates revenue primarily from Revenue from Contract with Customer, Measurement, Recurring, which accounted for 82.1% of total revenue in TTM through Q1 2026. The company reported $24.78B in revenue and converted 14.9% of it into net profit, equivalent to roughly $3.69B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Danaher (DHR)?

Danaher (DHR) reported a gross profit margin of 60.7% in TTM through Q1 2026, equivalent to $15.04B in gross profit on $24.78B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Danaher (DHR)?

Danaher (DHR) reported an operating profit margin of 21% in TTM through Q1 2026, equivalent to $5.19B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Danaher (DHR)?

Danaher (DHR) reported a net profit margin of 14.9% in TTM through Q1 2026, equivalent to $3.69B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Danaher (DHR) profitable?

Yes. Danaher (DHR) reported $3.69B in net income for TTM through Q1 2026, with a net profit margin of 14.9%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Danaher (DHR) invest in research and development?

Danaher (DHR) invested $1.61B in research and development during TTM through Q1 2026, roughly 6.5% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does Danaher (DHR) spend on capital expenditures?

Danaher (DHR) spent $1.15B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 4.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Danaher (DHR) generate?

Danaher (DHR) generated $5.29B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 21.4%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Danaher (DHR)?

Danaher (DHR) had an effective tax rate of 15% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Danaher (DHR)?

Danaher (DHR) reports revenue across 2 reportable product segments, led by Revenue from Contract with Customer, Measurement, Recurring at 82.1% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Danaher (DHR) generate most of its revenue?

Other developed markets is the largest geographic market for Danaher (DHR), accounting for 46.1% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Danaher Makes Money: 2026 Visual Revenue Map

Danaher (DHR) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 27, 2026 (reported April 21, 2026).

Danaher (DHR) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Danaher (DHR) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Revenue from Contract with Customer, Measurement, Recurring	$20.34B	82.1%
Revenue from Contract with Customer, Measurement, Nonrecurring	$4.44B	17.9%
Total	$24.78B	100%

Revenue from Contract with Customer, Measurement, Recurring$20.34B
Revenue from Contract with Customer, Measurement, Nonrecurring$4.44B
Total$24.78B

Danaher (DHR) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Danaher (DHR), TTM through Q1 2026
Region	Revenue (USD)	% of total
Other developed markets	$11.68B	46.1%
North America	$7.50B	29.6%
Western Europe	$4.47B	17.6%
High-growth markets	$1.70B	6.7%
Total	$25.34B	100%

Other developed markets
North America
Western Europe
High-growth markets
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Danaher (DHR) reports revenue across 2 operating segments; the largest segment was Revenue from Contract with Customer, Measurement, Recurring at 82.1%, followed by Revenue from Contract with Customer, Measurement, Nonrecurring (17.9%). Separately, by end-market geography, Other developed markets accounted for 46.1% of revenue, followed by North America (29.6%) and Western Europe (17.6%).

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