Danaher Corp., net profit margin, long-term trends, calculation

	Net profit margin	=	100	×	Net earnings¹	÷	Sales¹
Dec 31, 2019	16.80%	=	100	×	3,008,200	÷	17,911,100
Dec 31, 2018	13.33%	=	100	×	2,650,900	÷	19,893,000
Dec 31, 2017	13.60%	=	100	×	2,492,100	÷	18,329,700
Dec 31, 2016	15.13%	=	100	×	2,553,700	÷	16,882,400
Dec 31, 2015	16.33%	=	100	×	3,357,400	÷	20,563,100
Dec 31, 2014	13.05%	=	100	×	2,598,400	÷	19,913,800
Dec 31, 2013	14.10%	=	100	×	2,695,000	÷	19,118,000
Dec 31, 2012	13.10%	=	100	×	2,392,200	÷	18,260,400
Dec 31, 2011	13.50%	=	100	×	2,172,264	÷	16,090,540
Dec 31, 2010	13.58%	=	100	×	1,793,000	÷	13,202,602
Dec 31, 2009	10.30%	=	100	×	1,151,704	÷	11,184,938
Dec 31, 2008	10.38%	=	100	×	1,317,631	÷	12,697,456
Dec 31, 2007	12.42%	=	100	×	1,369,904	÷	11,025,917
Dec 31, 2006	11.69%	=	100	×	1,122,029	÷	9,596,404
Dec 31, 2005	11.24%	=	100	×	897,800	÷	7,984,704

¹ US$ in thousands

Danaher Corp., net profit margin, long-term trends, comparison to competitors

	Danaher Corp.	Becton, Dickinson & Co.	Boston Scientific Corp.	Intuitive Surgical Inc.	Medtronic PLC	Stryker Corp.	Thermo Fisher Scientific Inc.	UnitedHealth Group Inc.
Dec 31, 2019	16.80%	7.13%	43.78%	30.80%	15.16%	13.99%	14.47%	5.76%
Dec 31, 2018	13.33%	1.95%	17.01%	30.29%	10.36%	26.12%	12.06%	5.33%
Dec 31, 2017	13.60%	9.10%	1.15%	21.09%	13.56%	8.20%	10.64%	5.28%
Dec 31, 2016	15.13%	7.82%	4.14%	27.21%	12.27%	14.54%	11.06%	3.81%
Dec 31, 2015	16.33%	6.76%	-3.20%	24.69%	13.20%	14.47%	11.64%	3.72%
Dec 31, 2014	13.05%	14.03%	-1.61%	19.65%	18.02%	5.32%	11.22%	4.33%
Dec 31, 2013	14.10%	16.05%	-1.69%	29.62%	20.90%	11.15%	9.73%	4.62%
Dec 31, 2012	13.10%	15.18%	-56.12%	30.14%	22.35%	14.99%	9.42%	5.03%
Dec 31, 2011	13.50%	16.23%	5.79%	28.17%	19.43%	16.19%	11.34%	5.08%
Dec 31, 2010	13.58%	17.87%	-13.64%	27.02%	19.59%	17.40%	9.60%	4.95%
Dec 31, 2009	10.30%	17.20%	-12.52%	22.11%	14.86%	16.47%	8.41%	4.42%
Dec 31, 2008	10.38%	15.75%	-25.29%	23.35%	16.51%	17.08%	9.47%	3.70%
Dec 31, 2007	12.42%	13.99%	-5.92%	24.06%	22.78%	16.96%	7.81%	6.26%
Dec 31, 2006	11.69%	12.89%	-45.74%	19.33%	22.55%	14.39%	4.46%	5.89%
Dec 31, 2005	11.24%	13.34%	10.00%	41.41%	17.94%	13.86%	8.48%	7.36%

Danaher Corp., net profit margin, long-term trends, comparison to sector (health care equipment & services)

	Danaher Corp.	Health Care Equipment & Services
Dec 31, 2019	16.80%	9.56%
Dec 31, 2018	13.33%	7.99%
Dec 31, 2017	13.60%	7.26%
Dec 31, 2016	15.13%	6.66%
Dec 31, 2015	16.33%	6.67%
Dec 31, 2014	13.05%	7.19%
Dec 31, 2013	14.10%	8.07%
Dec 31, 2012	13.10%	6.44%
Dec 31, 2011	13.50%	8.97%
Dec 31, 2010	13.58%	7.93%
Dec 31, 2009	10.30%	6.55%
Dec 31, 2008	10.38%	5.69%
Dec 31, 2007	12.42%	8.66%
Dec 31, 2006	11.69%	5.25%
Dec 31, 2005	11.24%	10.13%

Danaher Corp., net profit margin, long-term trends, comparison to industry (health care)

Danaher Corp. (NYSE:DHR)

Net Profit Margin
since 2005