DANAHER CORPORATION (DHR)

Industrial Instruments For Measurement, Display, and Control · Price $215.68
Updated: Aug 28, 2026
Operating Income (TTM)
$5.1B
Trailing 12 Months
Growth Rate
-12.98%
Log-Linear Regression (16Q)
Operating Margin
20.42%
Operational Efficiency
EV/Operating Income
34.9x
Valuation Multiple
Net Income
$4.0B
After Interest & Taxes

📈 Operating Income History (16 Quarters)

🧮 DHR Operating Income Breakdown

Operating Income = Gross Profit - Operating Expenses (SG&A, R&D, etc.)
Revenue (Top Line) $25.1B
Less: Cost of Revenue → Gross Profit $14.7B
Equals: Operating Income (EBIT) $5.1B
Then: Less Interest & Taxes → Net Income $4.0B

Understanding Operating Income

Operating Income, also known as EBIT (Earnings Before Interest and Taxes), measures a company's profit from its core business operations before financing costs and taxes. For DHR, the trailing twelve month operating income is $5.1B.

Why Operating Income Matters

Operating income isolates business performance from capital structure decisions (debt vs equity financing) and tax strategies. This makes it ideal for comparing companies with different debt levels or tax situations. It shows how efficiently management runs the core operations.

DHR's operating income growth rate of -12.98% (based on log-linear regression of 16 quarters) indicates significant operational decline requiring investigation.

Operating Income vs Other Profitability Metrics

Net Income: $4.0B →

The bottom line after interest and taxes. Net income shows the final profit, while operating income excludes financing decisions.

Free Cash Flow: $5.3B →

Actual cash generated after capital expenditures. FCF can differ significantly from operating income due to working capital and capex.

Owner Earnings: $5.3B →

Buffett's measure of true cash generation. Adds back depreciation and subtracts only maintenance capex.

Revenue: $25.1B →

The top line that operating income is derived from. Operating margin shows what percentage becomes operational profit.

Operating Margin Analysis

DHR's operating margin of 20.42% shows what percentage of revenue converts to operating profit after all operating expenses. Operating margins between 15-25% are solid and typical of well-managed businesses.

EV/Operating Income Valuation

The EV/Operating Income ratio of 34.9x shows how the market values DHR's operational earnings. Ratios above 25x indicate high growth expectations or premium valuation.

Summary: DHR Operating Income Trend

DANAHER CORPORATION (DHR) has an operating margin of 20.42%, which Zyberno classifies as excellent — above the 20% threshold Zyberno applies to businesses across industries, signaling significant pricing power and operational efficiency. Operating income grew at -12.98% annually — a material decline Zyberno treats as a concern requiring investigation. For complete financial analysis, view the full DHR stock report on Zyberno.

Frequently Asked Questions

What is DHR's current operating income?

DANAHER CORPORATION's TTM operating income is $5.1B, growing at -12.98% annually — a material decline Zyberno treats as a concern requiring investigation.

Is DHR's operating income growing?

DANAHER CORPORATION (DHR) has an operating margin of 20.42%, which Zyberno classifies as excellent — above the 20% threshold Zyberno applies to businesses across industries, signaling significant pricing power and operational efficiency. Operating income grew at -12.98% annually — a material decline Zyberno treats as a concern requiring investigation.

What is DHR's operating margin?

DANAHER CORPORATION (DHR) has an operating margin of 20.42%, which Zyberno classifies as excellent — above the 20% threshold Zyberno applies to businesses across industries, signaling significant pricing power and operational efficiency. Operating income grew at -12.98% annually — a material decline Zyberno treats as a concern requiring investigation.

What is the difference between operating income and EBIT?

Operating income and EBIT (Earnings Before Interest and Taxes) are generally the same metric - both measure profit from core operations before financing costs and taxes. DHR's EBIT/Operating Income is $5.1B.

How does operating income differ from net income?

Operating income excludes interest expense and income taxes, while net income includes them. DHR's operating income is $5.1B versus net income of $4.0B. The difference reflects financing costs and tax burden.

📊 Valuation Trilogy
Three interconnected metrics built on Owner Earnings
💎
Intrinsic Value
DCF Fair Value
$55.22
🛡️
Margin of Safety
Valuation Gap
-100.0%
🎯
Expected Return
Projected Annual
-31.5%
Click any metric for full methodology and detailed analysis

📊 Full DHR Stock Report

See DHR's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.

💵 DHR Free Cash Flow

Compare to Free Cash Flow which subtracts all capital expenditures, not just maintenance CapEx.

💰 DHR Owner Earnings

Compare to Buffett's Owner Earnings metric which uses maintenance CapEx instead of total capital expenditures.

📈 DHR Earnings Per Share

Analyze EPS trends, P/E ratio, earnings yield, and per-share profitability metrics.

🎯 DHR Earnings Surprise (SUE)

See whether DHR is beating or missing its own earnings trend — Standardized Unexpected Earnings and post-earnings drift.

📊 DHR Revenue

Analyze revenue trends, growth rate, P/S ratio, and top-line sales performance.

💰 DHR Net Income

Analyze the bottom-line profit, P/E ratio, and net profit margin trends.

🔶 DHR Operating Income

Analyze EBIT, operating margin, and core business profitability before interest and taxes.

💜 DHR Gross Profit

Analyze gross margin, pricing power, and profitability before operating expenses.

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