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Side-by-side financial comparison of Danaher Corporation (DHR) and Freeport-McMoRan (FCX). Click either name above to swap in a different company.

Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $5.3B, roughly 1.1× Freeport-McMoRan). Danaher Corporation runs the higher net margin — 17.3% vs 10.7%, a 6.6% gap on every dollar of revenue. On growth, Danaher Corporation posted the faster year-over-year revenue change (3.7% vs -10.4%). Over the past eight quarters, Danaher Corporation's revenue compounded faster (1.8% CAGR vs -7.9%).

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,...

Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.

DHR vs FCX — Head-to-Head

Bigger by revenue
DHR
DHR
1.1× larger
DHR
$6.0B
$5.3B
FCX
Growing faster (revenue YoY)
DHR
DHR
+14.1% gap
DHR
3.7%
-10.4%
FCX
Higher net margin
DHR
DHR
6.6% more per $
DHR
17.3%
10.7%
FCX
Faster 2-yr revenue CAGR
DHR
DHR
Annualised
DHR
1.8%
-7.9%
FCX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DHR
DHR
FCX
FCX
Revenue
$6.0B
$5.3B
Net Profit
$1.0B
$565.0M
Gross Margin
60.3%
12.4%
Operating Margin
22.6%
15.4%
Net Margin
17.3%
10.7%
Revenue YoY
3.7%
-10.4%
Net Profit YoY
7.9%
-21.6%
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
DHR
DHR
FCX
FCX
Q1 26
$6.0B
Q4 25
$6.8B
$5.3B
Q3 25
$6.1B
$6.8B
Q2 25
$5.9B
$7.5B
Q1 25
$5.7B
$5.6B
Q4 24
$6.5B
$5.9B
Q3 24
$5.8B
$6.7B
Q2 24
$5.7B
$6.4B
Net Profit
DHR
DHR
FCX
FCX
Q1 26
$1.0B
Q4 25
$1.2B
$565.0M
Q3 25
$908.0M
$1.2B
Q2 25
$555.0M
$1.5B
Q1 25
$954.0M
$793.0M
Q4 24
$1.1B
$721.0M
Q3 24
$818.0M
$1.2B
Q2 24
$907.0M
$1.3B
Gross Margin
DHR
DHR
FCX
FCX
Q1 26
60.3%
Q4 25
58.0%
12.4%
Q3 25
58.2%
29.2%
Q2 25
59.3%
34.2%
Q1 25
61.2%
24.3%
Q4 24
59.5%
27.0%
Q3 24
58.7%
30.0%
Q2 24
59.7%
31.5%
Operating Margin
DHR
DHR
FCX
FCX
Q1 26
22.6%
Q4 25
22.0%
15.4%
Q3 25
19.1%
28.9%
Q2 25
12.8%
32.3%
Q1 25
22.2%
23.4%
Q4 24
21.8%
21.1%
Q3 24
16.5%
29.0%
Q2 24
20.3%
32.0%
Net Margin
DHR
DHR
FCX
FCX
Q1 26
17.3%
Q4 25
17.5%
10.7%
Q3 25
15.0%
18.3%
Q2 25
9.3%
20.6%
Q1 25
16.6%
14.2%
Q4 24
16.6%
12.3%
Q3 24
14.1%
18.5%
Q2 24
15.8%
20.0%
EPS (diluted)
DHR
DHR
FCX
FCX
Q1 26
$1.45
Q4 25
$1.69
Q3 25
$1.27
$0.46
Q2 25
$0.77
$0.53
Q1 25
$1.32
$0.24
Q4 24
$1.50
Q3 24
$1.12
$0.36
Q2 24
$1.22
$0.42

Balance Sheet & Financial Strength

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

Metric
DHR
DHR
FCX
FCX
Cash + ST InvestmentsLiquidity on hand
$3.8B
Total DebtLower is stronger
$9.4B
Stockholders' EquityBook value
$18.9B
Total Assets
$58.2B
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHR
DHR
FCX
FCX
Q1 26
Q4 25
$3.8B
Q3 25
$4.3B
Q2 25
$4.5B
Q1 25
$4.4B
Q4 24
$3.9B
Q3 24
$5.0B
Q2 24
$5.3B
Total Debt
DHR
DHR
FCX
FCX
Q1 26
Q4 25
$18.4B
$9.4B
Q3 25
$16.9B
Q2 25
$17.4B
Q1 25
$16.5B
$9.4B
Q4 24
$16.0B
$8.9B
Q3 24
$17.5B
$9.7B
Q2 24
$17.0B
$9.4B
Stockholders' Equity
DHR
DHR
FCX
FCX
Q1 26
Q4 25
$52.5B
$18.9B
Q3 25
$51.1B
$18.7B
Q2 25
$52.3B
$18.2B
Q1 25
$50.8B
$17.7B
Q4 24
$49.5B
$17.6B
Q3 24
$51.3B
$17.5B
Q2 24
$49.9B
$17.4B
Total Assets
DHR
DHR
FCX
FCX
Q1 26
Q4 25
$83.5B
$58.2B
Q3 25
$79.9B
$56.8B
Q2 25
$81.6B
$56.5B
Q1 25
$79.1B
$56.0B
Q4 24
$77.5B
$54.8B
Q3 24
$80.6B
$55.4B
Q2 24
$78.6B
$54.6B
Debt / Equity
DHR
DHR
FCX
FCX
Q1 26
Q4 25
0.35×
0.50×
Q3 25
0.33×
Q2 25
0.33×
Q1 25
0.32×
0.53×
Q4 24
0.32×
0.51×
Q3 24
0.34×
0.55×
Q2 24
0.34×
0.54×

Cash Flow & Capital Efficiency

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

Metric
DHR
DHR
FCX
FCX
Operating Cash FlowLast quarter
$1.3B
$693.0M
Free Cash FlowOCF − Capex
$-312.0M
FCF MarginFCF / Revenue
-5.9%
Capex IntensityCapex / Revenue
4.0%
19.1%
Cash ConversionOCF / Net Profit
1.28×
1.23×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHR
DHR
FCX
FCX
Q1 26
$1.3B
Q4 25
$2.1B
$693.0M
Q3 25
$1.7B
$1.7B
Q2 25
$1.3B
$2.2B
Q1 25
$1.3B
$1.1B
Q4 24
$2.0B
$1.4B
Q3 24
$1.5B
$1.9B
Q2 24
$1.4B
$2.0B
Free Cash Flow
DHR
DHR
FCX
FCX
Q1 26
Q4 25
$1.7B
$-312.0M
Q3 25
$1.4B
$608.0M
Q2 25
$1.1B
$934.0M
Q1 25
$1.1B
$-114.0M
Q4 24
$1.5B
$197.0M
Q3 24
$1.2B
$673.0M
Q2 24
$1.1B
$840.0M
FCF Margin
DHR
DHR
FCX
FCX
Q1 26
Q4 25
25.5%
-5.9%
Q3 25
22.6%
8.9%
Q2 25
18.4%
12.4%
Q1 25
18.4%
-2.0%
Q4 24
23.0%
3.4%
Q3 24
21.0%
10.1%
Q2 24
19.7%
13.1%
Capex Intensity
DHR
DHR
FCX
FCX
Q1 26
4.0%
Q4 25
5.4%
19.1%
Q3 25
4.8%
15.5%
Q2 25
4.2%
16.8%
Q1 25
4.3%
21.0%
Q4 24
7.9%
21.1%
Q3 24
5.1%
17.9%
Q2 24
5.0%
17.4%
Cash Conversion
DHR
DHR
FCX
FCX
Q1 26
1.28×
Q4 25
1.77×
1.23×
Q3 25
1.83×
1.33×
Q2 25
2.41×
1.42×
Q1 25
1.36×
1.33×
Q4 24
1.86×
1.99×
Q3 24
1.85×
1.51×
Q2 24
1.56×
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHR
DHR

Segment breakdown not available.

FCX
FCX

Morenci$2.5B47%
Grasberg Segment$964.0M18%
Copper In Concentrates$934.0M18%
Molybdenum$541.0M10%
Gold$388.0M7%

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