← BackDANAHER CORP /DE/ · Industrial Instruments For Measurement, Display, and ControlDHR
Low riskNext report: Around Jan 11, 2027 (est.)
The short versionA high-quality, profitable business with steady sales.
Going well
- Profitable every year for 9 years
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 1% to their holdings in the quarter ending June 2026 (801 bought, 1196 sold)
- Held by Dan Loeb (Third Point), Chase Coleman (Tiger Global), Ray Dalio (Bridgewater) and 1 more famous investor
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$232.99+1.1% that day
- Company value
- $163.9B
- Share price times all shares
- Price vs profit (P/E)
- 38.1x
- You pay about $38 for each $1 of yearly profit
- Price vs sales
- 6.7x
- Company value is 6.7 times a year of sales
- Debt vs value
- 11%
- Debt as a share of company value
From DHR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Profit, Sep '26$1.2B+36% vs a year earlier
Dec '23Tap a barSep '26
Last 12 months: $4.3B, up 24% from the 12 months before.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.7.1%
- PassDebt under half of equityNot relying on borrowed money.0.35x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.14.7%
- PassProfitable every yearSteady profits, not one good year.9 of 9 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$5.3B
- PassShare count not growingNot diluting owners. Falling means buybacks.-2.8% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.59.1%
- Revenue
- $24.6B
- +2.9% vs prior year
- Total debt
- $18.4B
- 0.35x equity
- Current ratio
- 1.87x
- short-term assets / bills due
- Free cash flow
- $5.3B
- 21.4% of revenue
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 25, 2026Reported Oct 21After close5:43 pm ET - EPS
- $1.75
- vs $1.27
- Free cash flow
- $1.6B
- Share count
- -1.0%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
49/ 100
- This week
- 2
- Normal week
- 2.0
- vs normal
- 1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.0%Institutions added 1.0% to their holdings. 801 bought, 1196 sold.
Shares held by institutions578.1M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-1.6%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.5x · $26.5B debtShares outstandingLatest reported
704MNext reportAround Jan 11, 2027 (est.)Estimated from the same quarter last year
- Results filedOct 21
- Results filedJul 21
- Results filedApr 21
- Results filedJan 28
- Results filedJan 12
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Returned to companySteven M RalesChairman, Director
500,000 shares
- +19% of holdings
- Now owns 3,105,808 shares
- Filed 5 days after trade
Returned to companyMitchell P RalesChairman of Exec. Committee, Director
500,000 shares
- Now owns 53,228 shares
- Filed 5 days after trade
SoldRainer BlairPresident & CEO, Director
58,255 shares at $218.63 avg ($217.77 to $219.35) · $12.7M
- -100% of holdings
- Owns no shares after
- Not a pre-planned sale
- Held by Trust
- 3 transactions
- Filed 3 days after trade
Stock awardSteven M RalesChairman, Director
500,000 shares
- +16% of holdings
- Now owns 3,605,808 shares
- Exercise price $194.78
- Filed 2 days after trade
Stock awardMitchell P RalesChairman of Exec. Committee, Director
500,000 shares
- +939% of holdings
- Now owns 553,228 shares
- Exercise price $194.78
- Filed 2 days after trade
Stock awardChristopher BoudaVP, Chief Accounting Officer
12,286 shares
- Now owns 12,286 shares
- Exercise price $194.78
- Employee stock option (right to buy)
- Filed 2 days after trade