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Side-by-side financial comparison of Danaher Corporation (DHR) and EMCOR Group, Inc. (EME). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $4.5B, roughly 1.3× EMCOR Group, Inc.). Danaher Corporation runs the higher net margin — 17.3% vs 9.6%, a 7.7% gap on every dollar of revenue. On growth, EMCOR Group, Inc. posted the faster year-over-year revenue change (19.7% vs 3.7%). Danaher Corporation produced more free cash flow last quarter ($1.1B vs $492.5M). Over the past eight quarters, EMCOR Group, Inc.'s revenue compounded faster (14.7% CAGR vs 1.8%).
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,...
EMCOR Group, Inc., is an engineering, construction, and property management company headquartered in Norwalk, Connecticut.
DHR vs EME — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.5B |
| Net Profit | $1.0B | $434.6M |
| Gross Margin | 60.3% | 19.7% |
| Operating Margin | 22.6% | 12.7% |
| Net Margin | 17.3% | 9.6% |
| Revenue YoY | 3.7% | 19.7% |
| Net Profit YoY | 7.9% | 48.8% |
| EPS (diluted) | $1.45 | $9.64 |
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.
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.8B | $4.5B | ||
| Q3 25 | $6.1B | $4.3B | ||
| Q2 25 | $5.9B | $4.3B | ||
| Q1 25 | $5.7B | $3.9B | ||
| Q4 24 | $6.5B | $3.8B | ||
| Q3 24 | $5.8B | $3.7B | ||
| Q2 24 | $5.7B | $3.7B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $434.6M | ||
| Q3 25 | $908.0M | $295.4M | ||
| Q2 25 | $555.0M | $302.2M | ||
| Q1 25 | $954.0M | $240.7M | ||
| Q4 24 | $1.1B | $292.2M | ||
| Q3 24 | $818.0M | $270.3M | ||
| Q2 24 | $907.0M | $247.6M |
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | 19.7% | ||
| Q3 25 | 58.2% | 19.4% | ||
| Q2 25 | 59.3% | 19.4% | ||
| Q1 25 | 61.2% | 18.7% | ||
| Q4 24 | 59.5% | 20.1% | ||
| Q3 24 | 58.7% | 19.9% | ||
| Q2 24 | 59.7% | 18.7% |
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | 12.7% | ||
| Q3 25 | 19.1% | 9.4% | ||
| Q2 25 | 12.8% | 9.6% | ||
| Q1 25 | 22.2% | 8.2% | ||
| Q4 24 | 21.8% | 10.3% | ||
| Q3 24 | 16.5% | 9.8% | ||
| Q2 24 | 20.3% | 9.1% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 9.6% | ||
| Q3 25 | 15.0% | 6.9% | ||
| Q2 25 | 9.3% | 7.0% | ||
| Q1 25 | 16.6% | 6.2% | ||
| Q4 24 | 16.6% | 7.7% | ||
| Q3 24 | 14.1% | 7.3% | ||
| Q2 24 | 15.8% | 6.8% |
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | $9.64 | ||
| Q3 25 | $1.27 | $6.57 | ||
| Q2 25 | $0.77 | $6.72 | ||
| Q1 25 | $1.32 | $5.26 | ||
| Q4 24 | $1.50 | $6.30 | ||
| Q3 24 | $1.12 | $5.80 | ||
| Q2 24 | $1.22 | $5.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $3.7B |
| Total Assets | — | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $655.1M | ||
| Q2 25 | — | $486.0M | ||
| Q1 25 | — | $576.7M | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $807.3M |
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | — | ||
| Q3 25 | $16.9B | — | ||
| Q2 25 | $17.4B | — | ||
| Q1 25 | $16.5B | — | ||
| Q4 24 | $16.0B | — | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $17.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $3.7B | ||
| Q3 25 | $51.1B | $3.3B | ||
| Q2 25 | $52.3B | $3.1B | ||
| Q1 25 | $50.8B | $2.9B | ||
| Q4 24 | $49.5B | $2.9B | ||
| Q3 24 | $51.3B | $2.8B | ||
| Q2 24 | $49.9B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $9.3B | ||
| Q3 25 | $79.9B | $8.6B | ||
| Q2 25 | $81.6B | $8.4B | ||
| Q1 25 | $79.1B | $8.1B | ||
| Q4 24 | $77.5B | $7.7B | ||
| Q3 24 | $80.6B | $7.3B | ||
| Q2 24 | $78.6B | $7.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $524.4M |
| Free Cash FlowOCF − Capex | $1.1B | $492.5M |
| FCF MarginFCF / Revenue | 18.2% | 10.9% |
| Capex IntensityCapex / Revenue | 4.0% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.28× | 1.21× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $524.4M | ||
| Q3 25 | $1.7B | $475.5M | ||
| Q2 25 | $1.3B | $193.7M | ||
| Q1 25 | $1.3B | $108.5M | ||
| Q4 24 | $2.0B | $469.5M | ||
| Q3 24 | $1.5B | $526.4M | ||
| Q2 24 | $1.4B | $279.7M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $492.5M | ||
| Q3 25 | $1.4B | $448.8M | ||
| Q2 25 | $1.1B | $165.6M | ||
| Q1 25 | $1.1B | $82.3M | ||
| Q4 24 | $1.5B | $451.8M | ||
| Q3 24 | $1.2B | $508.7M | ||
| Q2 24 | $1.1B | $260.4M |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 25.5% | 10.9% | ||
| Q3 25 | 22.6% | 10.4% | ||
| Q2 25 | 18.4% | 3.8% | ||
| Q1 25 | 18.4% | 2.1% | ||
| Q4 24 | 23.0% | 12.0% | ||
| Q3 24 | 21.0% | 13.8% | ||
| Q2 24 | 19.7% | 7.1% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 0.7% | ||
| Q3 25 | 4.8% | 0.6% | ||
| Q2 25 | 4.2% | 0.7% | ||
| Q1 25 | 4.3% | 0.7% | ||
| Q4 24 | 7.9% | 0.5% | ||
| Q3 24 | 5.1% | 0.5% | ||
| Q2 24 | 5.0% | 0.5% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 1.21× | ||
| Q3 25 | 1.83× | 1.61× | ||
| Q2 25 | 2.41× | 0.64× | ||
| Q1 25 | 1.36× | 0.45× | ||
| Q4 24 | 1.86× | 1.61× | ||
| Q3 24 | 1.85× | 1.95× | ||
| Q2 24 | 1.56× | 1.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
