Danaher Corporation (DHR)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	14,034,000	14,481,000	15,097,000	16,500,000	17,543,000	18,260,000	18,728,000	18,404,000	17,952,000	16,963,000	15,830,000	14,285,000	12,475,000	11,224,600	10,440,000	10,071,800	9,983,700	9,813,800	9,682,000	9,592,100
Revenue (ttm)	US$ in thousands	27,514,000	29,446,000	30,174,000	30,811,000	31,383,000	31,114,000	30,643,000	30,083,000	29,239,000	27,833,000	26,462,000	24,514,000	21,983,000	20,189,400	19,394,400	19,311,400	19,872,000	20,367,100	20,209,200	20,054,200
Gross profit margin		51.01%	49.18%	50.03%	53.55%	55.90%	58.69%	61.12%	61.18%	61.40%	60.95%	59.82%	58.27%	56.75%	55.60%	53.83%	52.15%	50.24%	48.18%	47.91%	47.83%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $14,034,000K ÷ $27,514,000K
= 51.01%

Danaher Corp.'s gross profit margin has shown a relatively stable trend over the past eight quarters, ranging from 58.68% to 60.77%. The margins peaked in Q2 and Q3 of 2022 at 60.77% before experiencing a slight decline in the subsequent quarters. The latest reported gross profit margin for Q4 2023 stands at 58.74%.

Overall, Danaher's gross profit margin has remained consistently above 58%, reflecting the company's ability to generate profits from its core business operations after accounting for the cost of goods sold. The margins have remained relatively healthy, indicating efficient cost management and pricing strategies, which are important factors for sustaining profitability and competitiveness in the market.