Danaher Corporation (DHR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,764,000 | 7,209,000 | 6,433,000 | 3,646,000 | 3,008,000 |
| Revenue | US$ in thousands | 23,693,000 | 31,383,000 | 29,239,000 | 21,983,000 | 17,796,000 |
| Net profit margin | 20.11% | 22.97% | 22.00% | 16.59% | 16.90% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $4,764,000K ÷ $23,693,000K
= 20.11%
Danaher Corp.'s net profit margin has demonstrated stability over the past five years, with fluctuations within a relatively narrow range. In 2023, the net profit margin decreased to 19.85% from 22.57% in 2022, which indicates a slight decline in profitability. However, the margin still remains at a healthy level above 15%.
The highest net profit margin was recorded in 2022 at 22.57%, reflecting strong profitability during that period. The margins in 2021 and 2019 were also above 20%, showcasing consistent profitability in those years.
It is noteworthy that the net profit margin in 2020 was comparatively lower at 15.75%, which could be attributed to various factors such as economic conditions or specific industry challenges.
Overall, Danaher Corp. has maintained competitive profitability levels as evidenced by the net profit margins in the range of 15-22% over the last five years. This consistent performance indicates effective cost management and revenue generation strategies within the company.
Peer comparison
Dec 31, 2023