Danaher Corporation (DHR)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 18.91% | 19.91% | 21.19% | 24.13% | 25.78% | 26.51% | 25.58% | 25.40% | 25.53% | 24.83% | 25.29% | 22.56% | 19.25% | 17.79% | 16.91% | 16.82% | 16.45% | 15.57% | 15.54% | 15.39% |
| Pretax margin | 20.31% | 23.03% | 24.24% | 25.94% | 26.42% | 26.30% | 24.93% | 25.60% | 26.28% | 25.66% | 25.60% | 23.93% | 20.45% | 21.85% | 21.72% | 20.04% | 19.53% | 16.11% | 16.12% | 16.03% |
| Net profit margin | 17.31% | 20.09% | 21.08% | 22.50% | 22.97% | 21.74% | 20.73% | 21.46% | 22.00% | 21.15% | 21.20% | 19.39% | 16.59% | 18.23% | 17.87% | 16.93% | 15.14% | 12.18% | 12.25% | 12.06% |
Danaher Corp. has shown a consistent gross profit margin over the last eight quarters, ranging from 58.68% to 60.77%. This indicates the company's ability to efficiently control its production costs and generate revenue.
In terms of operating profit margin, there has been some fluctuation, with a decline from 27.61% in Q4 2022 to 21.77% in Q4 2023. However, the company's operating profit margins remain relatively healthy, indicating effective management of operating expenses.
The pretax margin has also experienced variability but generally reflects strong profitability, ranging from 21.11% to 26.35% over the periods analyzed. This suggests that Danaher has been effectively managing its tax expenses while generating income.
Net profit margin has shown a slight decrease from Q4 2022 to Q4 2023, but it remains above 19%, indicating that the company is able to convert a good portion of its revenue into profits after accounting for all expenses.
Overall, Danaher Corp. has maintained solid profitability ratios, with consistent gross profit margins, healthy operating profit margins, pretax margins, and net profit margins over the analyzed periods.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.16% | 6.68% | 7.53% | 8.74% | 9.59% | 10.18% | 9.58% | 9.16% | 8.97% | 8.38% | 8.58% | 7.33% | 5.56% | 4.93% | 4.60% | 4.71% | 5.27% | 5.15% | 5.89% | 5.96% |
| Return on assets (ROA) | 5.64% | 6.74% | 7.49% | 8.15% | 8.55% | 8.35% | 7.76% | 7.74% | 7.73% | 7.13% | 7.19% | 6.30% | 4.79% | 5.05% | 4.86% | 4.74% | 4.85% | 4.03% | 4.64% | 4.67% |
| Return on total capital | 8.37% | 9.81% | 10.79% | 11.78% | 12.29% | 12.80% | 11.80% | 11.65% | 11.77% | 11.03% | 11.15% | 10.14% | 7.82% | 7.79% | 7.52% | 7.45% | 7.70% | 6.85% | 7.92% | 8.13% |
| Return on equity (ROE) | 8.91% | 11.29% | 12.30% | 13.47% | 14.39% | 14.40% | 13.63% | 13.93% | 14.24% | 13.55% | 13.12% | 11.76% | 9.17% | 9.69% | 9.56% | 10.53% | 9.94% | 7.63% | 7.69% | 7.66% |
Danaher Corp. has seen a gradual decline in its profitability ratios over the eight quarters mentioned.
- The company's Operating Return on Assets (Operating ROA) decreased from 10.30% in Q4 2022 to 6.16% in Q4 2023. This indicates that the company's operating income generated from its assets has decreased over time.
- Return on Assets (ROA) also experienced a downward trend, declining from 8.42% in Q4 2022 to 5.61% in Q4 2023. This suggests that the company's overall efficiency in generating profits from its assets has weakened.
- Return on Total Capital declined from 12.45% in Q4 2022 to 7.24% in Q4 2023, indicating a decrease in the company's ability to generate returns for both equity and debt holders.
- Return on Equity (ROE) showed a similar downward trajectory from 14.18% in Q4 2022 to 8.87% in Q4 2023, reflecting a decrease in the return earned on shareholder equity.
Overall, the declining trend in profitability ratios for Danaher Corp. over the mentioned quarters indicates a potential decrease in the company's overall profitability and efficiency in managing its assets and capital.