Danaher Corporation (DHR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 14,206,000 | 14,034,000 | 18,949,000 | 17,952,000 | 12,475,000 |
| Revenue | US$ in thousands | 23,875,000 | 23,890,000 | 31,471,000 | 29,453,000 | 22,284,000 |
| Gross profit margin | 59.50% | 58.74% | 60.21% | 60.95% | 55.98% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $14,206,000K ÷ $23,875,000K
= 59.50%
The gross profit margin of Danaher Corporation has shown a positive trend over the past five years, increasing from 55.98% as of December 31, 2020, to 60.95% as of December 31, 2021. In the subsequent years, the gross profit margin remained relatively stable, with slight fluctuations, standing at 60.21% as of December 31, 2022, 58.74% as of December 31, 2023, and 59.50% as of December 31, 2024.
This consistent improvement in the gross profit margin indicates the company's ability to effectively control its production and operational costs relative to its revenue. Although there was a slight decrease in 2023, the overall trend is positive, reflecting Danaher's efficiency in managing its cost of goods sold and generating profits from its core business activities.
Peer comparison
Dec 31, 2024