DANAHER CORP /DE/ (DHR) closed fiscal year 2025 with a gross margin of 59.1 % and a net margin of 14.7 %.
DANAHER CORP /DE/ (DHR) closed fiscal year 2025 with a gross margin of 59.1 % and a net margin of 14.7 %. The same year shows an EBITDA margin of 29.0 % and an EBIT margin of 19.1 %. The free cash flow margin was 21.4 %. Against the previous year the gross margin moved −0.4 pp and the net margin −1.6 pp. Across the period the gross margin ranges between 45.7 % in 2007 and 61.4 % in 2021. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 45.72 % | 46.78 % | 48.21 % | 51.03 % | 50.82 % | 51.56 % | 51.10 % | 53.23 % | 53.84 % | 55.29 % | 46.76 % | 47.78 % | 55.74 % | 55.98 % | 61.44 % | 60.76 % | 58.74 % | 59.50 % | 59.11 % |
| EBITDA margin (%) | 17.37 % | 17.40 % | 16.84 % | 19.43 % | 20.21 % | 21.93 % | 21.72 % | 21.47 % | 21.08 % | 22.88 % | 20.13 % | 21.28 % | 24.89 % | 26.95 % | 34.03 % | 36.29 % | 30.84 % | 30.22 % | 29.05 % |
| EBIT margin (%) | 15.79 % | 14.72 % | 13.69 % | 16.33 % | 16.27 % | 17.33 % | 17.07 % | 15.89 % | 14.98 % | 16.20 % | 14.03 % | 15.36 % | 18.25 % | 18.99 % | 25.71 % | 28.29 % | 21.77 % | 20.37 % | 19.09 % |
| Net margin (%) | 12.42 % | 10.38 % | 10.95 % | 14.29 % | 13.50 % | 13.10 % | 14.74 % | 20.19 % | 23.26 % | 15.13 % | 13.60 % | 13.33 % | 16.79 % | 16.36 % | 25.94 % | 27.06 % | 19.94 % | 16.33 % | 14.71 % |
| FCF margin (%) | 13.46 % | 13.11 % | 15.46 % | 15.09 % | 14.24 % | 16.19 % | 16.67 % | 25.59 % | 22.79 % | 17.37 % | 15.86 % | 17.28 % | 18.51 % | 24.31 % | 28.70 % | 27.78 % | 24.20 % | 22.18 % | 21.41 % |
