DHR Danaher margins

Relative Growth: Rel. Growth: 46

Relative Strength: Rel. Strength: 77

Relative Valuation: Rel. Valuation: 30

Relative Profitability: Rel. Profitability: 74

Gross margin

58.6%

Operating margin

20.4%

EBITDA margin

30.7%

Net margin

16.9%

Based on the latest figures, Danaher reports a gross margin of 58.6%, an operating margin of 20.4%, an EBITDA margin of 30.7%, and a net margin of 16.9%. Net margin led the available margin improvements with a 2.5 percentage-point increase, while gross margin fell by 0.9 percentage points.

DHR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Danaher recorded average margins of 59.11% gross, 20.12% operating, 30.18% EBITDA, and 16.31% net. The latest figures show operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

DHR margin expansion

Year-over-year margin changes in percentage points

Danaher's operating margin expanded by 1.4 percentage points, EBITDA margin by 2.4 percentage points, and net margin by 2.5 percentage points, but gross margin contracted by 0.9 percentage points.

Gross margin expansion

-0.9pp

Operating margin expansion

1.4pp

EBITDA margin expansion

2.4pp

Net margin expansion

2.5pp

DHR Gross margin

Danaher recorded an average gross margin of 59.11% across the last 3 years. Danaher currently reports a gross margin of 58.6%, 0.5 percentage points below its three-year average. During this period, gross margin reached a high of 59.7% in Jun 2025 and a low of 58.4% in Mar 2024.

DHR Operating margin

Over the last 3 years, Danaher's operating margin averaged 20.12%. The current operating margin of 20.4% is 0.3 percentage points above its three-year average. During this period, operating margin reached a high of 21.8% in Dec 2023 and a low of 18.4% in Jun 2025.

DHR EBITDA margin

Danaher recorded an average EBITDA margin of 30.18% across the last 3 years. Danaher currently reports an EBITDA margin of 30.7%, 0.5 percentage points above its three-year average. EBITDA margin was highest at 33.7% in Dec 2023 and lowest at 28.1% in Jun 2025.

DHR Net margin

Danaher's net margin averaged 16.31% across the past 3 years. The latest net margin for Danaher is 16.9%, 0.6 percentage points above its three-year average. Over the last 3 years, Danaher's net margin peaked at 19.9% in Dec 2023 and reached a low of 14.2% in Jun 2025.

DHR margin group comparison

Margins compared with peer-group, industry and sector averages

Danaher's gross margin of 58.6% is higher than the industry and its peers average but lower than the Healthcare sector average. Looking at the Healthcare sector average of 68.3%, Danaher's gross margin is 14% lower.

DHR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Danaher's gross margin?

As of Sep 25, 2026, DHR has a gross margin of 58.6%.

What is Danaher's operating margin?

As of Sep 25, 2026, DHR has an operating margin of 20.4%.

What is Danaher's EBITDA margin?

As of Sep 25, 2026, DHR has an EBITDA margin of 30.7%.

What is Danaher's net margin?

The current net margin for DHR is 16.9% as of Sep 25, 2026.

What are the average margins of DHR?

Over the past 3 years, DHR reported average margins of 59.1% gross, 20.1% operating, 30.2% EBITDA, and 16.3% net.

What are the highest historical margins of DHR?

Over this 5-year history, DHR peaked at 61.4% gross in Dec 2021, 28.3% operating in Dec 2022, 41.2% EBITDA in Sep 2023, and 28.1% net in Sep 2023.

What are the lowest historical margins of DHR?

Within the 5-year period, DHR recorded its lowest margins at 58.4% gross in Mar 2024, 18.4% operating in Jun 2025, 28.1% EBITDA in Jun 2025, and 14.2% net in Jun 2025.