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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and Danaher Corporation (DHR). Click either name above to swap in a different company.

Athene Holding Ltd. is the larger business by last-quarter revenue ($8.1B vs $6.0B, roughly 1.4× Danaher Corporation). Danaher Corporation runs the higher net margin — 17.3% vs 6.4%, a 10.9% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 3.7%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 1.8%).

Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.

Danaher Corporation is an American healthcare company headquartered in Washington, D.C.. It develops products used for advances in biotechnology, life sciences, and diagnostics. The company operates three divisions: biotechnology, which develops products for the development of therapeutics; life sciences, which develops products to identify causes of disease, new therapies, and to test and manufacture new drugs, vaccines and gene editing technologies; and diagnostics, which develops instruments,...

ATHS vs DHR — Head-to-Head

Bigger by revenue
ATHS
ATHS
1.4× larger
ATHS
$8.1B
$6.0B
DHR
Growing faster (revenue YoY)
ATHS
ATHS
+111.4% gap
ATHS
115.1%
3.7%
DHR
Higher net margin
DHR
DHR
10.9% more per $
DHR
17.3%
6.4%
ATHS
Faster 2-yr revenue CAGR
ATHS
ATHS
Annualised
ATHS
19.2%
1.8%
DHR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ATHS
ATHS
DHR
DHR
Revenue
$8.1B
$6.0B
Net Profit
$523.0M
$1.0B
Gross Margin
60.3%
Operating Margin
16.9%
22.6%
Net Margin
6.4%
17.3%
Revenue YoY
115.1%
3.7%
Net Profit YoY
-48.5%
7.9%
EPS (diluted)
$1.45

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATHS
ATHS
DHR
DHR
Q1 26
$6.0B
Q4 25
$8.1B
$6.8B
Q3 25
$8.0B
$6.1B
Q2 25
$5.4B
$5.9B
Q1 25
$4.2B
$5.7B
Q4 24
$3.8B
$6.5B
Q3 24
$6.5B
$5.8B
Q2 24
$4.7B
$5.7B
Net Profit
ATHS
ATHS
DHR
DHR
Q1 26
$1.0B
Q4 25
$523.0M
$1.2B
Q3 25
$1.3B
$908.0M
Q2 25
$464.0M
$555.0M
Q1 25
$465.0M
$954.0M
Q4 24
$1.0B
$1.1B
Q3 24
$625.0M
$818.0M
Q2 24
$629.0M
$907.0M
Gross Margin
ATHS
ATHS
DHR
DHR
Q1 26
60.3%
Q4 25
58.0%
Q3 25
58.2%
Q2 25
59.3%
Q1 25
61.2%
Q4 24
59.5%
Q3 24
58.7%
Q2 24
59.7%
Operating Margin
ATHS
ATHS
DHR
DHR
Q1 26
22.6%
Q4 25
16.9%
22.0%
Q3 25
26.8%
19.1%
Q2 25
12.2%
12.8%
Q1 25
22.3%
22.2%
Q4 24
30.4%
21.8%
Q3 24
25.7%
16.5%
Q2 24
22.0%
20.3%
Net Margin
ATHS
ATHS
DHR
DHR
Q1 26
17.3%
Q4 25
6.4%
17.5%
Q3 25
15.7%
15.0%
Q2 25
8.7%
9.3%
Q1 25
11.1%
16.6%
Q4 24
26.8%
16.6%
Q3 24
9.6%
14.1%
Q2 24
13.5%
15.8%
EPS (diluted)
ATHS
ATHS
DHR
DHR
Q1 26
$1.45
Q4 25
$1.69
Q3 25
$1.27
Q2 25
$0.77
Q1 25
$1.32
Q4 24
$1.50
Q3 24
$1.12
Q2 24
$1.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHS
ATHS
DHR
DHR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$7.8B
Stockholders' EquityBook value
$20.5B
Total Assets
$442.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ATHS
ATHS
DHR
DHR
Q1 26
Q4 25
$7.8B
$18.4B
Q3 25
$7.9B
$16.9B
Q2 25
$7.9B
$17.4B
Q1 25
$6.3B
$16.5B
Q4 24
$6.3B
$16.0B
Q3 24
$5.7B
$17.5B
Q2 24
$5.7B
$17.0B
Stockholders' Equity
ATHS
ATHS
DHR
DHR
Q1 26
Q4 25
$20.5B
$52.5B
Q3 25
$20.4B
$51.1B
Q2 25
$18.1B
$52.3B
Q1 25
$17.5B
$50.8B
Q4 24
$16.4B
$49.5B
Q3 24
$17.4B
$51.3B
Q2 24
$15.0B
$49.9B
Total Assets
ATHS
ATHS
DHR
DHR
Q1 26
Q4 25
$442.2B
$83.5B
Q3 25
$429.9B
$79.9B
Q2 25
$405.3B
$81.6B
Q1 25
$381.5B
$79.1B
Q4 24
$363.3B
$77.5B
Q3 24
$355.0B
$80.6B
Q2 24
$332.6B
$78.6B
Debt / Equity
ATHS
ATHS
DHR
DHR
Q1 26
Q4 25
0.38×
0.35×
Q3 25
0.38×
0.33×
Q2 25
0.43×
0.33×
Q1 25
0.36×
0.32×
Q4 24
0.39×
0.32×
Q3 24
0.33×
0.34×
Q2 24
0.38×
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHS
ATHS
DHR
DHR
Operating Cash FlowLast quarter
$3.0B
$1.3B
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
18.2%
Capex IntensityCapex / Revenue
4.0%
Cash ConversionOCF / Net Profit
5.82×
1.28×
TTM Free Cash FlowTrailing 4 quarters
$5.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHS
ATHS
DHR
DHR
Q1 26
$1.3B
Q4 25
$3.0B
$2.1B
Q3 25
$636.0M
$1.7B
Q2 25
$1.1B
$1.3B
Q1 25
$426.0M
$1.3B
Q4 24
$386.0M
$2.0B
Q3 24
$780.0M
$1.5B
Q2 24
$525.0M
$1.4B
Free Cash Flow
ATHS
ATHS
DHR
DHR
Q1 26
$1.1B
Q4 25
$1.7B
Q3 25
$1.4B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.5B
Q3 24
$1.2B
Q2 24
$1.1B
FCF Margin
ATHS
ATHS
DHR
DHR
Q1 26
18.2%
Q4 25
25.5%
Q3 25
22.6%
Q2 25
18.4%
Q1 25
18.4%
Q4 24
23.0%
Q3 24
21.0%
Q2 24
19.7%
Capex Intensity
ATHS
ATHS
DHR
DHR
Q1 26
4.0%
Q4 25
5.4%
Q3 25
4.8%
Q2 25
4.2%
Q1 25
4.3%
Q4 24
7.9%
Q3 24
5.1%
Q2 24
5.0%
Cash Conversion
ATHS
ATHS
DHR
DHR
Q1 26
1.28×
Q4 25
5.82×
1.77×
Q3 25
0.51×
1.83×
Q2 25
2.28×
2.41×
Q1 25
0.92×
1.36×
Q4 24
0.38×
1.86×
Q3 24
1.25×
1.85×
Q2 24
0.83×
1.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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