Stock Analysis on Net
Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

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.

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

US$ in millions

Microsoft Excel
Jun 26, 2026 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 4,348 5,701 4,615 1,528 2,957 1,993 2,078 2,627 2,374 7,031 5,864 12,277 8,575 7,379 5,995 5,150 3,984 3,717 2,586 2,552 7,322 6,330
Trade accounts receivable, less allowance for doubtful accounts 3,965 3,819 3,913 3,755 3,564 3,506 3,537 3,507 3,298 3,379 3,922 4,201 4,199 4,313 4,918 4,409 4,527 4,407 4,631 4,194 4,103 3,949
Finished goods 1,813 1,360 1,287 1,373 1,383 1,272 1,145 1,353 1,352 1,296 1,282 1,447 1,520 1,620 1,504 1,578 1,608 1,493 1,343 1,367 1,300 1,269
Work in process 537 504 469 526 525 517 465 498 491 509 459 497 528 542 473 519 530 530 473 465 433 407
Raw materials 910 744 733 775 781 743 720 827 828 840 853 1,080 1,135 1,221 1,133 1,139 1,119 1,049 951 905 814 748
Inventories 3,260 2,608 2,489 2,674 2,689 2,532 2,330 2,678 2,671 2,645 2,594 3,024 3,183 3,383 3,110 3,236 3,257 3,072 2,767 2,737 2,547 2,424
Prepaid expenses and other current assets 1,808 1,807 1,739 1,649 1,789 1,494 1,552 1,248 1,266 1,317 1,557 1,703 1,504 1,457 1,860 1,455 1,461 1,474 1,664 1,293 1,420 1,309
Current assets 13,381 13,935 12,756 9,606 10,999 9,525 9,497 10,060 9,609 14,372 13,937 21,205 17,461 16,532 15,883 14,250 13,229 12,670 11,648 10,776 15,392 14,012
Property, plant and equipment, net of accumulated depreciation 5,825 5,468 5,531 5,376 5,309 5,110 4,990 4,843 4,643 4,562 4,553 4,302 4,176 4,065 3,956 3,719 3,794 3,815 3,790 3,640 3,410 3,266
Other long-term assets 4,389 4,210 4,209 3,870 3,692 3,939 3,990 3,685 3,953 3,734 3,644 4,286 4,372 4,611 4,459 4,846 4,600 4,098 3,719 3,470 3,118 2,875
Goodwill 47,414 42,765 43,151 42,948 42,991 41,657 40,497 42,173 40,805 40,846 41,608 39,155 39,576 39,856 39,752 38,251 39,276 40,663 41,184 41,237 35,590 34,880
Other intangible assets, net 21,358 17,166 17,817 18,097 18,629 18,885 18,568 19,854 19,545 19,888 20,746 18,786 19,317 19,976 20,300 19,964 20,907 22,146 22,843 23,375 20,517 20,393
Long-term assets 78,986 69,609 70,708 70,291 70,621 69,591 68,045 70,555 68,946 69,030 70,551 66,529 67,441 68,508 68,467 66,780 68,577 70,722 71,536 71,722 62,635 61,414
Total assets 92,367 83,544 83,464 79,897 81,620 79,116 77,542 80,615 78,555 83,402 84,488 87,734 84,902 85,040 84,350 81,030 81,806 83,392 83,184 82,498 78,027 75,426

Based on: 10-Q (reporting date: 2026-06-26), 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 exhibited a general upward trajectory over the analyzed period, growing from 75.43 billion US dollars in April 2021 to 92.37 billion US dollars by June 2026. This growth is primarily characterized by steady expansions in long-term infrastructure and a significant increase in intangible assets toward the end of the period, contrasted by high volatility in short-term liquidity.

Liquidity and Current Asset Management
Cash and equivalents demonstrated substantial volatility. A peak of 12.28 billion US dollars was reached in September 2023, followed by a sharp contraction to 1.53 billion US dollars by September 2024. Trade accounts receivable remained relatively stable, fluctuating between a high of 4.63 billion US dollars in December 2021 and a low of 3.29 billion US dollars in June 2024. Inventories showed moderate stability for most of the period, though a notable increase to 3.26 billion US dollars occurred in June 2026, driven by a rise in finished goods.
Fixed Asset Investment
Net property, plant, and equipment showed a consistent and linear growth pattern, rising from 3.27 billion US dollars in April 2021 to 5.83 billion US dollars in June 2026. This steady increase suggests a sustained commitment to expanding physical production capacity and infrastructure throughout the five-year window.
Intangible Assets and Strategic Acquisitions
Goodwill and other intangible assets constitute the largest portion of the total asset base. Goodwill remained relatively stable between 34.88 billion US dollars and 43.15 billion US dollars for the majority of the period before a significant jump to 47.41 billion US dollars in June 2026. Similarly, other intangible assets, which had been on a general decline from 20.39 billion US dollars in 2021 to 17.17 billion US dollars in March 2026, experienced a sharp spike to 21.36 billion US dollars in the final quarter. The simultaneous increase in goodwill, intangibles, and total assets suggests major acquisition activity in the second quarter of 2026.
Total Asset Composition Trends
The asset structure has shifted toward a higher concentration of long-term assets. While current assets peaked in September 2023 at 21.21 billion US dollars, they ended the period at 13.38 billion US dollars. Conversely, long-term assets grew from 61.41 billion US dollars in April 2021 to a peak of 78.99 billion US dollars in June 2026, indicating a strategic pivot toward long-term capital allocation and the integration of acquired entities.

AI Ask an analyst for more


Assets: Selected Items


Current Assets: Selected Items