DHR Danaher margins

  1. Stocks
  2. Healthcare
  3. NYSE: DHR
  4. Margins
?
Relative Growth: Rel. Growth: 42
Relative Strength: Rel. Strength: 49
Relative Valuation: Rel. Valuation: 32
Relative Profitability: Rel. Profitability: 72
Gross margin
58.5%
Operating margin
20.4%
EBITDA margin
30.3%
Net margin
15.9%

Based on the latest figures, Danaher reports a gross margin of 58.5%, an operating margin of 20.4%, an EBITDA margin of 30.3%, and a net margin of 15.9%. EBITDA margin led the available margin improvements with a 2.2 percentage-point increase, while gross margin fell by 1.2 percentage points.

DHR margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Danaher recorded average margins of 59.15% gross, 20.4% operating, 31.06% EBITDA, and 17.24% net. The latest figures show gross, EBITDA, and net margins are below their three-year averages.

DHR margin expansion

Year-over-year margin changes in percentage points

Danaher's operating margin expanded by 2 percentage points, EBITDA margin by 2.2 percentage points, and net margin by 1.7 percentage points, but gross margin contracted by 1.2 percentage points.

Gross margin expansion
-1.2pp
Operating margin expansion
2pp
EBITDA margin expansion
2.2pp
Net margin expansion
1.7pp

DHR Gross margin

Danaher recorded an average gross margin of 59.15% across the last 3 years. Danaher currently reports a gross margin of 58.5%, 0.7 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 20.4%. The current operating margin of 20.4% is in line with its three-year average. During this period, operating margin reached a high of 23.8% in Sep 2023 and a low of 18.4% in Jun 2025.

DHR EBITDA margin

Danaher recorded an average EBITDA margin of 31.06% across the last 3 years. Danaher currently reports an EBITDA margin of 30.3%, 0.8 percentage points below its three-year average. EBITDA margin was highest at 41.2% in Sep 2023 and lowest at 28.1% in Jun 2025.

DHR Net margin

Danaher's net margin averaged 17.24% across the past 3 years. The latest net margin for Danaher is 15.9%, 1.3 percentage points below its three-year average. Over the last 3 years, Danaher's net margin peaked at 28.1% in Sep 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 58.5% is higher than the industry and its peers average but lower than the Healthcare sector average. Looking at the Healthcare sector average of 68.5%, Danaher's gross margin is 15% lower.

DHR margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Danaher's gross margin?

As of Jun 26, 2026, DHR has a gross margin of 58.5%.

What is Danaher's operating margin?

As of Jun 26, 2026, DHR has an operating margin of 20.4%.

What is Danaher's EBITDA margin?

As of Jun 26, 2026, DHR has an EBITDA margin of 30.3%.

What is Danaher's net margin?

The current net margin for DHR is 15.9% as of Jun 26, 2026.

What are the average margins of DHR?

Over the past 3 years, DHR reported average margins of 59.2% gross, 20.4% operating, 31.1% EBITDA, and 17.2% 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.