Danaher (DHR) Ratios
Danaher Ratios
MX:DHR's free cash flow for Q3 2026 was $1.63B. For the 2026 fiscal year, MX:DHR's free cash flow was decreased by $-255.00M and operating cash flow was $1.89B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.87 | 1.40 | 1.68 | 1.89 | 1.43 |
| Quick Ratio | 1.51 | 1.05 | 1.37 | 1.56 | 1.09 |
| Cash Ratio | 0.68 | 0.31 | 0.71 | 0.71 | 0.32 |
| Solvency Ratio | 0.20 | 0.22 | 0.22 | 0.27 | 0.23 |
| Operating Cash Flow Ratio | 0.94 | 0.98 | 0.87 | 1.02 | 1.03 |
| Short-Term Operating Cash Flow Coverage | 3208.00 | 13.24 | 3.82 | 11.24 | 38.87 |
| Net Current Asset Value | $ -18.17B | $ -18.50B | $ -17.06B | $ -18.38B | $ -26.36B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.22 | 0.22 | 0.23 | 0.24 | 0.28 |
| Debt-to-Equity Ratio | 0.35 | 0.35 | 0.37 | 0.41 | 0.52 |
| Debt-to-Capital Ratio | 0.26 | 0.26 | 0.27 | 0.29 | 0.34 |
| Long-Term Debt-to-Capital Ratio | 0.26 | 0.24 | 0.24 | 0.28 | 0.33 |
| Financial Leverage Ratio | 1.59 | 1.57 | 1.58 | 1.68 | 1.84 |
| Debt Service Coverage Ratio | 23.69 | 8.34 | 3.09 | 8.98 | 19.20 |
| Interest Coverage Ratio | 19.38 | 18.65 | 18.27 | 36.41 | 33.40 |
| Debt to Market Cap | 0.11 | 0.10 | 0.11 | 0.12 | 0.11 |
| Interest Debt Per Share | 26.41 | 23.84 | 26.92 | 28.72 | 32.90 |
| Net Debt to EBITDA | 1.99 | 2.07 | 1.82 | 1.54 | 2.07 |
| Profitability Margins | |||||
| Gross Profit Margin | 60.93% | 59.50% | 58.74% | 60.76% | 60.95% |
| EBIT Margin | 18.31% | 20.62% | 22.32% | 27.60% | 26.62% |
| EBITDA Margin | 28.27% | 30.48% | 31.39% | 35.60% | 33.98% |
| Operating Profit Margin | 20.91% | 21.71% | 22.10% | 28.29% | 27.33% |
| Pretax Profit Margin | 17.23% | 19.46% | 21.11% | 26.82% | 25.80% |
| Net Profit Margin | 14.71% | 16.33% | 19.94% | 27.06% | 21.84% |
| Continuous Operations Profit Margin | 14.71% | 16.33% | 17.67% | 23.75% | 21.55% |
| Net Income Per EBT | 85.38% | 83.92% | 94.45% | 100.88% | 84.67% |
| EBT Per EBIT | 82.40% | 89.62% | 95.55% | 94.82% | 94.39% |
| Return on Assets (ROA) | 4.33% | 5.03% | 5.64% | 8.55% | 7.73% |
| Return on Equity (ROE) | 6.88% | 7.87% | 8.91% | 14.39% | 14.24% |
| Return on Capital Employed (ROCE) | 6.70% | 7.33% | 6.93% | 9.92% | 10.73% |
| Return on Invested Capital (ROIC) | 5.72% | 6.09% | 5.66% | 8.70% | 8.94% |
| Return on Tangible Assets | 16.07% | 21.10% | 21.52% | 26.45% | 33.58% |
| Earnings Yield | 2.23% | 2.32% | 2.80% | 4.23% | 3.09% |
| Efficiency Ratios | |||||
| Receivables Turnover | 6.28 | 5.44 | 5.15 | 5.26 | 5.41 |
| Payables Turnover | 5.20 | 5.52 | 5.58 | 5.63 | 4.48 |
| Inventory Turnover | 3.86 | 4.15 | 3.80 | 3.78 | 4.16 |
| Fixed Asset Turnover | 3.64 | 3.93 | 4.26 | 5.80 | 6.10 |
| Asset Turnover | 0.29 | 0.31 | 0.28 | 0.32 | 0.35 |
| Working Capital Turnover Ratio | 5.68 | 5.71 | 3.63 | 4.84 | 5.95 |
| Cash Conversion Cycle | 82.66 | 88.90 | 101.51 | 101.11 | 73.74 |
| Days of Sales Outstanding | 58.13 | 67.11 | 70.85 | 69.38 | 67.45 |
| Days of Inventory Outstanding | 94.65 | 87.96 | 96.06 | 96.53 | 87.81 |
| Days of Payables Outstanding | 70.13 | 66.17 | 65.40 | 64.80 | 81.53 |
| Operating Cycle | 152.79 | 155.07 | 166.91 | 165.91 | 155.27 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 9.07 | 9.15 | 9.73 | 11.75 | 11.70 |
| Free Cash Flow Per Share | 7.44 | 7.24 | 7.85 | 10.16 | 9.89 |
| Dividend Paid and CapEx Coverage Ratio | 3.15 | 3.10 | 3.25 | 4.32 | 4.11 |
| Capital Expenditure Coverage Ratio | 5.55 | 4.80 | 5.18 | 7.39 | 6.46 |
| Operating Cash Flow Coverage Ratio | 0.35 | 0.39 | 0.37 | 0.41 | 0.36 |
| Operating Cash Flow to Sales Ratio | 0.26 | 0.28 | 0.30 | 0.32 | 0.28 |
| Free Cash Flow Yield | 3.25% | 3.16% | 3.39% | 4.32% | 3.39% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 45.15 | 43.04 | 35.76 | 23.66 | 32.40 |
| Price-to-Sales (P/S) Ratio | 6.59 | 7.03 | 7.13 | 6.40 | 7.08 |
| Price-to-Book (P/B) Ratio | 3.08 | 3.39 | 3.19 | 3.41 | 4.61 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 30.78 | 31.68 | 29.47 | 23.16 | 29.50 |
| Price-to-Operating Cash Flow Ratio | 25.24 | 25.09 | 23.78 | 20.03 | 24.93 |
| Price-to-Earnings Growth (PEG) Ratio | -9.26 | -2.50 | -1.04 | 2.01 | 0.42 |
| Enterprise Value Multiple | 25.30 | 25.13 | 24.54 | 19.53 | 22.89 |
| Enterprise Value | 175.72B | 182.87B | 184.05B | 185.22B | 229.08B |
| EV to EBITDA | 25.30 | 25.13 | 24.54 | 19.53 | 22.89 |
| EV to Sales | 7.15 | 7.66 | 7.70 | 6.95 | 7.78 |
| EV to Free Cash Flow | 33.41 | 34.53 | 31.84 | 25.14 | 32.43 |
| EV to Operating Cash Flow | 27.39 | 27.34 | 25.69 | 21.74 | 27.41 |
| Tangible Book Value Per Share | -11.92 | -13.02 | -12.04 | -9.66 | -26.38 |
| Shareholders’ Equity Per Share | 74.27 | 67.77 | 72.62 | 69.07 | 63.21 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.15 | 0.16 | 0.16 | 0.11 | 0.16 |
| Revenue Per Share | 34.73 | 32.66 | 32.44 | 36.74 | 41.22 |
| Net Income Per Share | 5.11 | 5.33 | 6.47 | 9.94 | 9.00 |
| Tax Burden | 0.85 | 0.84 | 0.94 | 1.01 | 0.85 |
| Interest Burden | 0.94 | 0.94 | 0.95 | 0.97 | 0.97 |
| Research & Development to Revenue | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 |
| SG&A to Revenue | 0.34 | 0.31 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Income Quality | 1.78 | 1.72 | 1.70 | 1.18 | 1.32 |
Currency in USD