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Side-by-side financial comparison of Danaher Corporation (DHR) and Ecolab (ECL). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $4.1B, roughly 1.5× Ecolab). Danaher Corporation runs the higher net margin — 17.3% vs 10.6%, a 6.7% gap on every dollar of revenue. On growth, Ecolab posted the faster year-over-year revenue change (10.0% vs 3.7%). Over the past eight quarters, Danaher Corporation's revenue compounded faster (1.8% CAGR vs 1.0%).
Danaher CorporationDHREarnings & Financial Report
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,...
Ecolab Inc., headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
DHR vs ECL — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.1B |
| Net Profit | $1.0B | $432.6M |
| Gross Margin | 60.3% | — |
| Operating Margin | 22.6% | 15.3% |
| Net Margin | 17.3% | 10.6% |
| Revenue YoY | 3.7% | 10.0% |
| Net Profit YoY | 7.9% | 1.3% |
| EPS (diluted) | $1.45 | $1.52 |
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.
| Q2 26 | — | $4.1B | ||
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.8B | $4.2B | ||
| Q3 25 | $6.1B | $4.2B | ||
| Q2 25 | $5.9B | $4.0B | ||
| Q1 25 | $5.7B | $3.7B | ||
| Q4 24 | $6.5B | $4.0B | ||
| Q3 24 | $5.8B | $4.0B |
| Q2 26 | — | $432.6M | ||
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $563.9M | ||
| Q3 25 | $908.0M | $585.0M | ||
| Q2 25 | $555.0M | $524.2M | ||
| Q1 25 | $954.0M | $402.5M | ||
| Q4 24 | $1.1B | $472.9M | ||
| Q3 24 | $818.0M | $736.5M |
| Q2 26 | — | — | ||
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | 44.0% | ||
| Q3 25 | 58.2% | 44.8% | ||
| Q2 25 | 59.3% | 44.8% | ||
| Q1 25 | 61.2% | 44.2% | ||
| Q4 24 | 59.5% | 43.3% | ||
| Q3 24 | 58.7% | 43.4% |
| Q2 26 | — | 15.3% | ||
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | 17.0% | ||
| Q3 25 | 19.1% | 18.3% | ||
| Q2 25 | 12.8% | 17.6% | ||
| Q1 25 | 22.2% | 15.0% | ||
| Q4 24 | 21.8% | 14.6% | ||
| Q3 24 | 16.5% | 26.1% |
| Q2 26 | — | 10.6% | ||
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 13.4% | ||
| Q3 25 | 15.0% | 14.0% | ||
| Q2 25 | 9.3% | 13.0% | ||
| Q1 25 | 16.6% | 10.9% | ||
| Q4 24 | 16.6% | 11.8% | ||
| Q3 24 | 14.1% | 18.4% |
| Q2 26 | — | $1.52 | ||
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | $1.98 | ||
| Q3 25 | $1.27 | $2.05 | ||
| Q2 25 | $0.77 | $1.84 | ||
| Q1 25 | $1.32 | $1.41 | ||
| Q4 24 | $1.50 | $1.65 | ||
| Q3 24 | $1.12 | $2.58 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $519.8K |
| Total DebtLower is stronger | — | $8.5M |
| Stockholders' EquityBook value | — | $10.0M |
| Total Assets | — | $25.0M |
| Debt / EquityLower = less leverage | — | 0.85× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $519.8K | ||
| Q1 26 | — | — | ||
| Q4 25 | — | $646.2M | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B |
| Q2 26 | — | $8.5M | ||
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $7.4B | ||
| Q3 25 | $16.9B | $8.1B | ||
| Q2 25 | $17.4B | $7.5B | ||
| Q1 25 | $16.5B | $7.0B | ||
| Q4 24 | $16.0B | $6.9B | ||
| Q3 24 | $17.5B | $7.0B |
| Q2 26 | — | $10.0M | ||
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $9.8B | ||
| Q3 25 | $51.1B | $9.7B | ||
| Q2 25 | $52.3B | $9.3B | ||
| Q1 25 | $50.8B | $8.9B | ||
| Q4 24 | $49.5B | $8.8B | ||
| Q3 24 | $51.3B | $8.5B |
| Q2 26 | — | $25.0M | ||
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $24.7B | ||
| Q3 25 | $79.9B | $23.9B | ||
| Q2 25 | $81.6B | $23.7B | ||
| Q1 25 | $79.1B | $22.4B | ||
| Q4 24 | $77.5B | $22.4B | ||
| Q3 24 | $80.6B | $22.1B |
| Q2 26 | — | 0.85× | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 0.75× | ||
| Q3 25 | 0.33× | 0.83× | ||
| Q2 25 | 0.33× | 0.81× | ||
| Q1 25 | 0.32× | 0.79× | ||
| Q4 24 | 0.32× | 0.79× | ||
| Q3 24 | 0.34× | 0.82× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | — |
| Free Cash FlowOCF − Capex | $1.1B | — |
| FCF MarginFCF / Revenue | 18.2% | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | 1.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $1.7B | $791.3M | ||
| Q2 25 | $1.3B | $701.8M | ||
| Q1 25 | $1.3B | $369.4M | ||
| Q4 24 | $2.0B | $766.7M | ||
| Q3 24 | $1.5B | $786.7M |
| Q2 26 | — | — | ||
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $758.0M | ||
| Q3 25 | $1.4B | $529.7M | ||
| Q2 25 | $1.1B | $485.1M | ||
| Q1 25 | $1.1B | $131.5M | ||
| Q4 24 | $1.5B | $407.0M | ||
| Q3 24 | $1.2B | $550.3M |
| Q2 26 | — | — | ||
| Q1 26 | 18.2% | — | ||
| Q4 25 | 25.5% | 18.1% | ||
| Q3 25 | 22.6% | 12.7% | ||
| Q2 25 | 18.4% | 12.1% | ||
| Q1 25 | 18.4% | 3.6% | ||
| Q4 24 | 23.0% | 10.2% | ||
| Q3 24 | 21.0% | 13.8% |
| Q2 26 | — | — | ||
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 7.9% | ||
| Q3 25 | 4.8% | 6.3% | ||
| Q2 25 | 4.2% | 5.4% | ||
| Q1 25 | 4.3% | 6.4% | ||
| Q4 24 | 7.9% | 9.0% | ||
| Q3 24 | 5.1% | 5.9% |
| Q2 26 | — | — | ||
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 1.93× | ||
| Q3 25 | 1.83× | 1.35× | ||
| Q2 25 | 2.41× | 1.34× | ||
| Q1 25 | 1.36× | 0.92× | ||
| Q4 24 | 1.86× | 1.62× | ||
| Q3 24 | 1.85× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
