Danaher Corporation (DHR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,202,000 | 7,536,000 | 7,465,000 | 4,231,000 | 3,269,000 |
| Revenue | US$ in thousands | 23,693,000 | 31,383,000 | 29,239,000 | 21,983,000 | 17,796,000 |
| Operating profit margin | 21.96% | 24.01% | 25.53% | 19.25% | 18.37% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,202,000K ÷ $23,693,000K
= 21.96%
Danaher Corp.'s operating profit margin has exhibited some variation over the past five years. In 2023, the operating profit margin decreased to 21.77% from 27.61% in 2022. Despite this decline, the margin remains relatively high compared to previous years, indicating efficient management of operating expenses. The company's performance in 2023 is closer to the levels seen in 2021 and 2020 when the operating profit margin was 25.35% and 18.99%, respectively. However, there has been a notable improvement compared to 2019 when the margin was 18.25%. Overall, although there was a slight downturn in 2023, Danaher Corp. has generally maintained a strong operating profit margin in recent years.
Peer comparison
Dec 31, 2023