Danaher Corporation (DHR)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 4,498,000 | 4,924,000 | 5,202,000 | 7,353,000 | 7,839,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 52,534,000 | 49,543,000 | 53,486,000 | 50,082,000 | 45,167,000 |
| Return on total capital | 8.56% | 9.94% | 9.73% | 14.68% | 17.36% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $4,498,000K ÷ ($—K + $52,534,000K)
= 8.56%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Danaher Corporation
DHR
8.56%
Agilent Technologies Inc
A
22.95%
Thermo Fisher Scientific Inc
TMO
15.18%