Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Danaher Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
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
Cash and equivalents
Trade accounts receivable, less allowance for doubtful accounts
Finished goods
Work in process
Raw materials
Inventories
Prepaid expenses and other current assets
Current assets
Property, plant and equipment, net of accumulated depreciation
Other long-term assets
Goodwill
Other intangible assets, net
Long-term assets
Total assets

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).


Total assets demonstrate a general upward trend with periodic fluctuations, moving from 75,426 million USD in April 2021 to 83,544 million USD by March 2026. The growth is characterized by a concentration in long-term assets, while current assets exhibit higher volatility primarily driven by fluctuations in cash reserves.

Current Asset Dynamics
Cash and equivalents show significant volatility throughout the period. A notable peak occurred in September 2023 at 12,277 million USD, followed by a sharp decline to a low of 1,528 million USD in September 2025, before recovering to 5,701 million USD by March 2026. This suggests active capital allocation or strategic liquidity management.
Trade accounts receivable remained relatively stable, though a gradual downward trend is observable from a peak of 4,918 million USD in December 2022 to 3,819 million USD in March 2026, indicating potential improvements in collection efficiency or shifts in revenue scale.
Inventories peaked in March 2023 at 3,383 million USD and subsequently stabilized between 2,330 million USD and 2,689 million USD through 2026, suggesting an optimization of stock levels.
Long-Term Asset Composition
Property, plant, and equipment (net) exhibit a consistent and steady increase, rising from 3,266 million USD in April 2021 to 5,468 million USD in March 2026. This linear growth indicates a sustained investment in tangible infrastructure and production capacity.
Goodwill reflects significant growth, increasing from 34,880 million USD in April 2021 to a peak of 43,151 million USD in December 2025. This expansion points toward an active acquisition strategy over the analyzed period.
Other intangible assets (net) show a steady downward trajectory, decreasing from 20,393 million USD in April 2021 to 17,166 million USD in March 2026, which is consistent with the standard amortization of acquired intangible assets.

The overall asset structure reveals a strategic shift toward increased tangible asset investment and the accumulation of goodwill, offset by the systematic amortization of intangible assets. The high variance in current assets, specifically cash, indicates a dynamic approach to liquidity that contrasts with the stable, incremental growth observed in long-term capital investments.


Assets: Selected Items


Current Assets: Selected Items