DHR Danaher margins

Relative Growth: Rel. Growth: 42

Relative Strength: Rel. Strength: 59

Relative Valuation: Rel. Valuation: 28

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, 20.09% operating, 30.14% EBITDA, and 16.25% net. The latest figures show operating and EBITDA margins are above their three-year averages, while gross 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 20.09%. 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 30.14% across the last 3 years. Danaher currently reports an EBITDA margin of 30.3%, 0.2 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 16.25% across the past 3 years. The latest net margin for Danaher is 15.9%, 0.4 percentage points below 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 58.5% is higher than the industry and its peers average but lower than the Healthcare sector average. Looking at the Healthcare sector average of 68.4%, 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 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, 20.1% operating, 30.1% 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.