Danaher Corporation (DHR)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 14,034,000 16,188,000 17,952,000 12,475,000 9,984,000
Revenue US$ in thousands 23,693,000 31,383,000 29,239,000 21,983,000 17,796,000
Gross profit margin 59.23% 51.58% 61.40% 56.75% 56.10%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $14,034,000K ÷ $23,693,000K
= 59.23%

Danaher Corp.'s gross profit margin has exhibited some fluctuations over the past five years. The gross profit margin decreased from 55.74% in 2019 to 55.98% in 2020 before showing a positive trend, reaching 60.95% in 2021, and then slightly decreasing to 60.21% in 2022. However, by the end of 2023, the gross profit margin slightly dipped to 58.74%.

Overall, the gross profit margin of Danaher Corp. has shown relative stability and remained above 55% throughout the period under review. This indicates that the company has been able to effectively manage its cost of goods sold and maintain a healthy margin on its products or services. Further analysis would be needed to understand the specific factors driving these fluctuations and to assess the company's overall profitability.


Peer comparison

Dec 31, 2023


See also:

Danaher Corporation Gross Profit Margin