Name: Danaher Corp. (NYSE:DHR) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

Danaher Corp., income statement, revenues

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
North America	10,295)	9,961)	13,968)	11,829)	9,011)
Western Europe	5,457)	5,468)	6,910)	6,965)	5,323)
Other developed markets	1,253)	1,270)	1,467)	1,475)	1,299)
High-growth markets	6,870)	7,191)	9,126)	9,184)	6,651)
Revenues	23,875)	23,890)	31,471)	29,453)	22,284)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Overall Revenue Trend: The total revenue experienced a significant increase from 22,284 million USD in 2020 to a peak of 31,471 million USD in 2022. However, it declined notably thereafter, falling to 23,890 million USD in 2023 and remaining relatively stable at 23,875 million USD in 2024.
North America: Revenue in North America showed a consistent upward trend from 9,011 million USD in 2020 to 13,968 million USD in 2022. This was followed by a sharp decline to 9,961 million USD in 2023, with a slight recovery to 10,295 million USD in 2024. The region’s revenue pattern closely mirrors the overall revenue trend.
Western Europe: Western Europe exhibited growth from 5,323 million USD in 2020 to 6,965 million USD in 2021, but then experienced a marginal decline in 2022 to 6,910 million USD. The downward trend continued thereafter, reaching 5,468 million USD in 2023 and stabilizing at 5,457 million USD in 2024. This suggests challenges faced by the company in this region after 2021.
Other Developed Markets: This segment showed modest increases from 1,299 million USD in 2020 to 1,475 million USD in 2021, followed by a slight decrease to 1,467 million USD in 2022. The decline continued to 1,270 million USD in 2023 and 1,253 million USD in 2024, indicating a consistent reduction in revenue from these markets over the last few years.
High-Growth Markets: Revenue from high-growth markets rose substantially from 6,651 million USD in 2020 to 9,184 million USD in 2021. It remained relatively stable at 9,126 million USD in 2022 before witnessing a sharp decline to 7,191 million USD in 2023 and further decreasing to 6,870 million USD in 2024. This reversal suggests emerging challenges or market fluctuations impacting previously strong growth areas.

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