Danaher Corporation (DHR)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 4,498,000 | 4,446,000 | 4,367,000 | 4,789,000 | 4,924,000 | 4,865,000 | 5,018,000 | 5,329,000 | 5,582,000 | 6,225,000 | 6,981,000 | 7,642,000 | 8,206,000 | 8,388,000 | 7,865,000 | 7,851,000 | 7,839,000 | 7,311,000 | 6,958,200 | 6,150,700 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 52,534,000 | 51,071,000 | 52,334,000 | 50,849,000 | 49,543,000 | 51,299,000 | 49,897,000 | 53,442,000 | 53,486,000 | 52,407,000 | 51,716,000 | 51,478,000 | 50,082,000 | 46,985,000 | 46,594,000 | 46,356,000 | 45,167,000 | 43,451,000 | 42,756,000 | 40,419,000 |
| Return on total capital | 8.56% | 8.71% | 8.34% | 9.42% | 9.94% | 9.48% | 10.06% | 9.97% | 10.44% | 11.88% | 13.50% | 14.85% | 16.39% | 17.85% | 16.88% | 16.94% | 17.36% | 16.83% | 16.27% | 15.22% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (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
15.94%