Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Danaher Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Mar 27, 2026 Dec 31, 2025 Sep 26, 2025 Jun 27, 2025 Mar 28, 2025 Dec 31, 2024 Sep 27, 2024 Jun 28, 2024 Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021
Notes payable and current portion of long-term debt
Trade accounts payable
Accrued expenses and other liabilities
Current liabilities
Other long-term liabilities
Long-term debt, excluding current portion
Long-term liabilities
Total liabilities
Preferred stock, no par value
Common stock, $0.01 par value
Additional paid-in capital
Treasury stock
Retained earnings
Accumulated other comprehensive loss
Total Danaher stockholders’ equity
Noncontrolling interests
Total stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2026-03-27), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-26), 10-Q (reporting date: 2025-06-27), 10-Q (reporting date: 2025-03-28), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02).


The capital structure demonstrates a consistent shift from debt-reliance toward equity-financing over the analyzed period. Total liabilities decreased from 46.40% of total liabilities and stockholders’ equity in April 2021 to 36.61% by March 2026, reflecting a strategic deleveraging of the balance sheet.

Liability Composition and Debt Management
A sustained reduction in long-term debt is observed, declining from a peak of 28.60% in October 2021 to 21.02% in March 2026. This trend is the primary driver behind the overall decrease in total liabilities. Other long-term liabilities also experienced a gradual decline, moving from 10.48% to 6.66% over the same period. Current liabilities remained relatively stable, generally fluctuating between 8% and 10%, indicating a consistent approach to managing short-term operational obligations.
Equity Growth and Retained Earnings
Total stockholders’ equity increased from 53.60% in April 2021 to 63.39% by March 2026. This expansion is predominantly attributed to the growth of retained earnings, which rose from 38.01% to 57.02%. The steady accumulation of retained earnings suggests strong internal profit generation and a preference for reinvesting earnings into the company's equity base.
Shareholder Capital and Treasury Activity
Additional paid-in capital showed volatility, rising from 12.98% in early 2021 to a peak of 21.57% in December 2024, before settling at 20.71% in March 2026. A significant change occurred in late 2024 with the introduction of treasury stock as a contra-equity account, reaching -13.65% by March 2026. This indicates a substantial commitment to share repurchases during the latter part of the period.
Other Comprehensive Loss and Preferred Stock
Preferred stock as a percentage of the total balance sheet declined sharply from 4.33% in April 2021 to 1.96% by March 2023, after which it is no longer reported. Accumulated other comprehensive loss remained negative throughout the period, fluctuating between a high of -0.25% and a low of -4.76%, reflecting periodic unrealized losses in other comprehensive income.