Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
Paying user area
Try for free
Danaher Corp. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Danaher Corp. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Danaher Corp., consolidated income statement (quarterly data)
US$ in millions
Based on: 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 financial performance, as indicated by the income statement, exhibits fluctuating patterns over the analyzed period. Sales revenue initially increased from April 2021 to December 2021, peaking at US$8,369 million, before experiencing a significant decline in the first quarter of 2022. While sales recovered somewhat throughout 2022 and into the first half of 2023, they remained below the peak levels observed in late 2021 and early 2022. A modest increase is observed in the latter half of 2023 and into 2024, followed by a decline in the first half of 2025.
Gross profit generally mirrored the sales trends, increasing through late 2021, declining in early 2022, and showing subsequent fluctuations. Operating profit followed a similar trajectory, with a peak in December 2022, followed by a decline and some recovery in later periods. Net earnings attributable to common stockholders also demonstrated this pattern, peaking in December 2022 at US$2,210 million.
- Profitability Ratios
- Gross profit margin remained relatively stable, generally fluctuating between 61% and 63% throughout the period. Operating margin experienced more volatility, ranging from approximately 28% to 34%, with a noticeable decrease in the latter half of 2023 and the first half of 2024. Net profit margin also showed variability, influenced by fluctuations in other income/expense and interest expenses.
- Cost Analysis
- Cost of sales consistently represented a significant portion of sales revenue, typically around 37% to 40%. Selling, general, and administrative expenses remained relatively stable as a percentage of sales, generally between 26% and 29%. Research and development expenses also remained consistent, representing approximately 5% to 6% of sales. A substantial increase in other operating expenses was noted in October 2021, impacting overall operating costs.
- Non-Operating Items
- Nonoperating income (expense) exhibited considerable fluctuation, swinging from positive values to significant negative values, particularly in July 2022 and December 2022. Interest income generally offset a portion of interest expense, but the net impact varied across periods. The loss on early extinguishment of borrowings impacted results in December 2021.
The impact of income taxes varied, with tax rates fluctuating significantly. This resulted in a considerable impact on net earnings. Discontinued operations contributed to net earnings in July 2021 and December 2025, but had a negative impact in December 2022. Mandatory convertible preferred stock dividends consistently reduced net earnings attributable to common stockholders.
Overall, the financial performance demonstrated a period of growth followed by a decline and subsequent stabilization with ongoing fluctuations. The company experienced a peak in profitability in late 2022, followed by a period of reduced earnings. The impact of non-operating items and income taxes significantly influenced the final net earnings figures.