DHR
Danaher CorporationPrevious close
227.97
Change
−4.26 / −1.83%
Market Cap
$163B
1M
+6.50%
S&P 500 −2.28% over same period
Volume / Avg Volume
3.8M / 5.0M
0.75× average · Volume on 10-30
Latest earnings analysisFY2026 Q3Reported 2026-10-21
Danaher Q3 FY2026: adjusted EPS $2.11 beats, guidance raised
Danaher beat on the numbers management controls: adjusted EPS of $2.11 topped the $1.9359 consensus, revenue rose 8.5%, and free cash flow jumped 19.0% to $1.63 billion. The catch is that core growth was only 3.0%, with respiratory testing a 2.5-point headwind and acquisitions and divestitures subtracting 6.5 points. Read this quarter as a margin-and-cash story, not a demand story.
Read the full analysis →Revenue$6.55BYoY +8.30%
EPS (non-GAAP)$2.11Beatest. $1.94
Next-day move−1.76%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-09 | 2026-10-21 | $6.6B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-21 | $6.3B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-21 | $6.0B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-12 | $24.6B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-21 | $6.1B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-22 | $5.9B | Pending |
| FY2025 Q1 | 2025-04-22 | $5.7B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 28 of its 5-year rangeCheap
5-year range 29.0 – 48.2 · Median 39.7
Last 4 quarters: $894M in buybacks + $1.0B in dividends, 1.17% of market cap combined
P/E (TTM)
37.7
P/B
3.1
P/S
6.4
Dividend Yield
0.49%
Earnings Reaction
Over the last 7 reports, the stock moved ±2.3% on average on the first trading day after, rising 3 times
Most recent −1.76%
Volatility & Correlation
1-year beta 0.47 · Correlation with S&P 500 0.20Low beta
Annualized volatility 30% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 3 · $21.5MNet selling $21.5M
- 10-28McGrew MatthewExecutive Vice PresidentSell$7.0M29,754 shares · 2 trades · Avg price 235.74
- 10-28Bouda ChristopherVP, Chief Accounting OfficerSell$1.8M7,598 shares · 2 trades · Avg price 234.56
- 08-21Blair RainerPresident & CEOSell$12.7M58,255 shares · 3 trades · Avg price 218.63
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 6.55 | +8.3% | 58.5% | 1.24 | 1.75 |
| FY2026 Q2 | 6.27 | +5.5% | 57.6% | 0.87 | 1.23 |
| FY2026 Q1 | 5.95 | +3.7% | 60.3% | 1.03 | 1.45 |
| FY2025 Q4 | 6.84 | +4.6% | 58.0% | 1.20 | 1.69 |
| FY2025 Q3 | 6.05 | +4.4% | 58.2% | 0.91 | 1.27 |
| FY2025 Q2 | 5.94 | +3.4% | 59.3% | 0.56 | 0.77 |
| FY2025 Q1 | 5.74 | −0.9% | 61.2% | 0.95 | 1.32 |
| FY2024 Q4 | 6.54 | +2.1% | 59.5% | 1.09 | 1.50 |
| FY2024 Q3 | 5.80 | +3.1% | 58.7% | 0.82 | 1.12 |
| FY2024 Q2 | 5.74 | −2.9% | 59.7% | 0.91 | 1.22 |
| FY2024 Q1 | 5.80 | −2.6% | 60.2% | 1.09 | 1.45 |
| FY2023 Q4 | 6.41 | −10.2% | — | — | 1.45 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| DHR | 37.7 | +8.3% | 58.5% | +6.50% | Bullish |
| LLY | 50.2 | +38.6% | 83.9% | +23.46% | Bullish |
| JNJ | 41.3 | +5.9% | 68.1% | +5.68% | Bullish |
| ABBV | 82.6 | +10.2% | 74.7% | +9.90% | Bullish |
| MRK | 117.2 | +5.1% | 73.5% | +2.81% | Neutral |
| UNH | 23.0 | +0.4% | 88.1% | +7.67% | Bullish |
| TMO | 36.4 | +9.1% | — | +4.25% | Neutral |
| AMGN | 28.8 | +9.5% | 72.0% | +15.48% | Bullish |
| GILD | — | +6.8% | 81.1% | +17.68% | Neutral |