Danaher Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	24,568	23,875	23,890	26,643	24,802
Revenue Growth (YoY)	2.90%	-0.06%	-10.33%	7.42%	11.30%
Cost of Revenue	10,045	9,669	9,856	10,455	9,563
Gross Profit	14,523	14,206	14,034	16,188	15,239
Selling, General & Admin	8,235	7,759	7,329	7,124	6,817
Research & Development	1,598	1,584	1,503	1,528	1,498
Other Operating Expenses	-	-	-	-	547
Operating Income	4,690	4,863	5,202	7,536	6,377
Interest Income	30	117	303	41	11
Interest Expense	-265	-278	-286	-204	-231
Other Non-Operating Income (Expense)	-222	-56	-175	-227	354
Total Non-Operating Income (Expense)	-457	-217	-158	-390	134
Pretax Income	4,233	4,646	5,044	7,146	6,511
Provision for Income Taxes	633	747	823	818	1,064
Net Income	3,614	3,899	4,743	7,103	6,269
Net Income Attributable to Preferred Dividends	-	-	21	106	164
Earnings From Discontinued Operations	14	-	543	881	986
Net Income to Common	3,614	3,899	4,743	7,103	6,269
Net Income Growth	-7.31%	-17.79%	-33.23%	13.30%	78.60%
Shares Outstanding (Basic)	713	731	737	725	715
Shares Outstanding (Diluted)	716	737	743	737	737
Shares Change (YoY)	-2.86%	-0.79%	0.81%	0.04%	2.52%
EPS (Basic)	5.07	5.33	6.44	8.58	7.39
EPS (Diluted)	5.05	5.29	6.38	8.47	7.28
EPS Growth	-4.54%	-17.09%	-24.68%	16.35%	48.88%
Free Cash Flow	5,260	5,296	5,781	7,401	7,118
Free Cash Flow Growth	-0.68%	-8.39%	-21.89%	3.98%	31.40%
Free Cash Flow Per Share	7.35	7.18	7.78	10.04	9.66
Dividends Per Share	1.280	1.080	1.050	1.000	0.840
Dividend Growth	18.52%	2.86%	5.00%	19.05%	16.67%
Gross Margin	59.11%	59.50%	58.74%	60.76%	61.44%
Operating Margin	19.09%	20.37%	21.77%	28.29%	25.71%
Profit Margin	14.65%	16.33%	17.67%	23.75%	21.96%
FCF Margin	21.41%	22.18%	24.20%	27.78%	28.70%
EBITDA	7,137	7,215	7,368	9,668	8,439
EBITDA Margin	29.05%	30.22%	30.84%	36.29%	34.03%
EBIT	4,690	4,863	5,202	7,536	6,377
EBIT Margin	19.09%	20.37%	21.77%	28.29%	25.71%
Effective Tax Rate	14.95%	16.08%	16.32%	11.45%	16.34%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.