Last 48 quarters of trend data · Healthcare · Medical - Diagnostics & Research
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Danaher Corporation's quarterly P/E stands at 31.3x, down 19.7% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 5.8% YoY to 23.1x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.85 | 31.30 | 34.07 | 36.39 | 64.55 | 38.99 | 38.52 | 61.48 | 51.20 | 43.06 | 39.89 | 36.41 | 35.69 |
| — | -19.7% | -11.6% | -40.8% | +26.1% | -9.4% | -3.4% | +68.9% | +43.4% | +49.5% | +100.7% | +33.6% | +40.4% | |
| P/S Ratio | 5.06 | 5.42 | 5.95 | 5.45 | 6.02 | 6.46 | 6.47 | 8.66 | 8.07 | 8.06 | 6.74 | 7.29 | 5.53 |
| — | -16.1% | -8.0% | -37.1% | -25.4% | -19.9% | -4.0% | +18.8% | +45.9% | +16.5% | +9.6% | +32.4% | +1.9% | |
| P/B Ratio | 2.38 | 2.44 | 3.10 | 2.58 | 2.73 | 2.92 | 3.42 | 3.92 | 3.72 | 3.50 | 3.23 | 3.13 | 3.06 |
| — | -16.4% | -9.3% | -34.0% | -26.5% | -16.6% | +5.8% | +25.1% | +21.4% | +9.3% | -7.9% | -12.9% | -15.2% | |
| P/FCF | 23.64 | 29.75 | 23.30 | 24.07 | 32.79 | 35.19 | 28.15 | 41.34 | 41.04 | 32.28 | 35.46 | 31.38 | 24.99 |
| — | -15.5% | -17.2% | -41.8% | -20.1% | +9.0% | -20.6% | +31.7% | +64.2% | +31.1% | +78.8% | +28.8% | +1.2% | |
| EV / EBITDA | 18.21 | 23.08 | 20.77 | 20.73 | 21.98 | 21.80 | 19.68 | 35.04 | 28.79 | 26.23 | 24.42 | 26.12 | 21.45 |
| — | +5.8% | +5.5% | -40.8% | -23.6% | -16.9% | -19.4% | +34.1% | +34.2% | +20.8% | +27.0% | +46.0% | +28.3% | |
| EV / EBIT | 26.89 | 26.39 | 30.91 | 32.21 | 54.60 | 34.13 | 33.48 | 51.01 | 43.84 | 37.27 | 35.36 | 35.93 | 29.27 |
| — | -22.7% | -7.7% | -36.9% | +24.5% | -8.4% | -5.3% | +42.0% | +49.8% | +32.9% | +45.9% | +55.0% | +34.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Danaher Corporation's operating margin was 22.6% in Q1 2026, up 0.6 pp QoQ and up 0.1 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 20.9% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.9% | 60.3% | 58.0% | 58.2% | 66.6% | 61.4% | 59.5% | 58.7% | 59.7% | 60.2% | 59.0% | 58.2% | 56.5% |
| — | -1.8% | -2.5% | -0.8% | +11.6% | +2.1% | +0.8% | +0.7% | +5.7% | -2.3% | -0.4% | -2.7% | -7.3% | |
| Operating Margin | 20.9% | 22.6% | 22.0% | 19.1% | 20.1% | 22.5% | 26.7% | 16.5% | 20.3% | 22.6% | 22.1% | 21.1% | 20.0% |
| — | +0.6% | -17.7% | +15.4% | -1.3% | -0.8% | +21.0% | -21.6% | +1.9% | -11.2% | -21.1% | -19.9% | -29.8% | |
| Net Margin | 14.7% | 17.3% | 17.5% | 15.0% | 9.3% | 16.6% | 16.6% | 14.1% | 15.8% | 18.8% | 16.8% | 20.1% | 15.5% |
| — | +4.1% | +5.4% | +6.3% | -40.8% | -11.5% | -1.4% | -29.7% | +2.2% | -23.0% | -46.2% | -2.1% | -28.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.1% | 2.0% | 2.3% | 1.8% | 1.1% | 1.9% | 2.2% | 1.6% | 1.8% | 2.0% | 2.0% | 2.2% | 2.1% |
| — | +2.7% | +7.3% | +8.6% | -38.7% | -6.6% | +5.7% | -25.4% | -18.1% | -28.7% | -55.7% | -35.5% | -40.7% | |
| ROA | 4.5% | 1.2% | 1.5% | 1.1% | 0.7% | 1.2% | 1.4% | 1.0% | 1.1% | 1.3% | 1.3% | 1.3% | 1.3% |
| — | +1.2% | +6.7% | +9.4% | -38.3% | -6.0% | +9.6% | -21.4% | -13.9% | -24.3% | -53.6% | -32.3% | -36.0% | |
| ROIC | 5.9% | 1.5% | 1.7% | 1.3% | 1.3% | 1.5% | 2.0% | 1.1% | 1.3% | 1.5% | 1.6% | 1.4% | 1.7% |
| — | +3.5% | -14.4% | +19.5% | -0.2% | -0.4% | +21.9% | -22.7% | -19.7% | -15.5% | -31.7% | -42.9% | -36.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Danaher Corporation's Debt/EBITDA ratio is 12.0x, up from 8.7x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 30.3% YoY to 1.87x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.35 | 0.35 | 0.33 | 0.35 | 0.35 | 0.35 | 0.37 | 0.36 | 0.36 | 0.37 | 0.44 | 0.41 |
| — | +1.0% | +1.3% | -10.1% | -2.9% | -4.1% | -5.3% | -17.0% | -10.0% | -11.3% | -11.3% | +7.9% | -5.8% | |
| Debt / EBITDA | 2.43 | 12.03 | 8.67 | 9.49 | 10.29 | 9.35 | 7.32 | 12.15 | 10.42 | 10.15 | 10.24 | 13.84 | 10.53 |
| — | +28.6% | +18.3% | -21.9% | -1.2% | -7.9% | -28.5% | -12.2% | -1.1% | -0.5% | +22.8% | +83.7% | +44.8% | |
| Current Ratio | 1.87 | 1.87 | 1.87 | 1.52 | 1.62 | 1.43 | 1.40 | 1.37 | 1.43 | 1.85 | 1.68 | 2.26 | 2.08 |
| — | +30.3% | +34.1% | +10.8% | +12.9% | -22.4% | -17.1% | -39.4% | -31.0% | -2.4% | -11.0% | +27.1% | +18.7% | |
| Quick Ratio | 1.51 | 1.52 | 1.51 | 1.10 | 1.22 | 1.05 | 1.05 | 1.01 | 1.04 | 1.51 | 1.37 | 1.94 | 1.70 |
| — | +44.3% | +43.1% | +9.0% | +18.2% | -30.2% | -23.1% | -48.2% | -39.1% | +0.1% | -12.3% | +41.0% | +28.7% | |
| Interest Coverage | 16.97 | 21.33 | 25.96 | 17.06 | 10.23 | 16.68 | 22.56 | 12.23 | 17.66 | 20.55 | 15.49 | 17.39 | 21.78 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Danaher Corporation's current P/E is 34.9x. The average P/E over the last 4 quarters is 41.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Danaher Corporation's current operating margin is 20.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Danaher Corporation's business trajectory between earnings reports.