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Side-by-side financial comparison of Danaher Corporation (DHR) and FirstEnergy (FE). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $3.8B, roughly 1.6× FirstEnergy). Danaher Corporation runs the higher net margin — 17.3% vs -1.3%, a 18.6% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs 3.7%). Danaher Corporation produced more free cash flow last quarter ($1.1B vs $-30.0M). Over the past eight quarters, FirstEnergy's revenue compounded faster (7.5% 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,...
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
DHR vs FE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $3.8B |
| Net Profit | $1.0B | $-49.0M |
| Gross Margin | 60.3% | — |
| Operating Margin | 22.6% | -0.6% |
| Net Margin | 17.3% | -1.3% |
| Revenue YoY | 3.7% | 19.6% |
| Net Profit YoY | 7.9% | -118.8% |
| EPS (diluted) | $1.45 | $-0.08 |
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 | $3.8B | ||
| Q3 25 | $6.1B | $4.1B | ||
| Q2 25 | $5.9B | $3.4B | ||
| Q1 25 | $5.7B | $3.8B | ||
| Q4 24 | $6.5B | $3.2B | ||
| Q3 24 | $5.8B | $3.7B | ||
| Q2 24 | $5.7B | $3.3B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $-49.0M | ||
| Q3 25 | $908.0M | $441.0M | ||
| Q2 25 | $555.0M | $268.0M | ||
| Q1 25 | $954.0M | $360.0M | ||
| Q4 24 | $1.1B | $261.0M | ||
| Q3 24 | $818.0M | $419.0M | ||
| Q2 24 | $907.0M | $45.0M |
| 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% | — |
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | -0.6% | ||
| Q3 25 | 19.1% | 20.0% | ||
| Q2 25 | 12.8% | 19.1% | ||
| Q1 25 | 22.2% | 20.0% | ||
| Q4 24 | 21.8% | 19.3% | ||
| Q3 24 | 16.5% | 19.5% | ||
| Q2 24 | 20.3% | 12.9% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | -1.3% | ||
| Q3 25 | 15.0% | 10.6% | ||
| Q2 25 | 9.3% | 7.9% | ||
| Q1 25 | 16.6% | 9.6% | ||
| Q4 24 | 16.6% | 8.2% | ||
| Q3 24 | 14.1% | 11.2% | ||
| Q2 24 | 15.8% | 1.4% |
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | $-0.08 | ||
| Q3 25 | $1.27 | $0.76 | ||
| Q2 25 | $0.77 | $0.46 | ||
| Q1 25 | $1.32 | $0.62 | ||
| Q4 24 | $1.50 | $0.45 | ||
| Q3 24 | $1.12 | $0.73 | ||
| Q2 24 | $1.22 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $57.0M |
| Total DebtLower is stronger | — | $25.5B |
| Stockholders' EquityBook value | — | $12.5B |
| Total Assets | — | $55.9B |
| Debt / EquityLower = less leverage | — | 2.04× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $57.0M | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $569.0M | ||
| Q1 25 | — | $132.0M | ||
| Q4 24 | — | $111.0M | ||
| Q3 24 | — | $439.0M | ||
| Q2 24 | — | $60.0M |
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $25.5B | ||
| Q3 25 | $16.9B | $25.5B | ||
| Q2 25 | $17.4B | $23.7B | ||
| Q1 25 | $16.5B | $21.2B | ||
| Q4 24 | $16.0B | $22.5B | ||
| Q3 24 | $17.5B | $21.6B | ||
| Q2 24 | $17.0B | $20.8B |
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $12.5B | ||
| Q3 25 | $51.1B | $12.8B | ||
| Q2 25 | $52.3B | $12.9B | ||
| Q1 25 | $50.8B | $12.6B | ||
| Q4 24 | $49.5B | $12.5B | ||
| Q3 24 | $51.3B | $12.4B | ||
| Q2 24 | $49.9B | $12.5B |
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $55.9B | ||
| Q3 25 | $79.9B | $55.9B | ||
| Q2 25 | $81.6B | $54.2B | ||
| Q1 25 | $79.1B | $52.8B | ||
| Q4 24 | $77.5B | $52.0B | ||
| Q3 24 | $80.6B | $50.8B | ||
| Q2 24 | $78.6B | $51.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 2.04× | ||
| Q3 25 | 0.33× | 1.99× | ||
| Q2 25 | 0.33× | 1.85× | ||
| Q1 25 | 0.32× | 1.69× | ||
| Q4 24 | 0.32× | 1.81× | ||
| Q3 24 | 0.34× | 1.74× | ||
| Q2 24 | 0.34× | 1.67× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $1.1B | $-30.0M |
| FCF MarginFCF / Revenue | 18.2% | -0.8% |
| Capex IntensityCapex / Revenue | 4.0% | 30.7% |
| Cash ConversionOCF / Net Profit | 1.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $-1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $1.1B | ||
| Q3 25 | $1.7B | $845.0M | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $637.0M | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $1.5B | $775.0M | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $-30.0M | ||
| Q3 25 | $1.4B | $-471.0M | ||
| Q2 25 | $1.1B | $-136.0M | ||
| Q1 25 | $1.1B | $-368.0M | ||
| Q4 24 | $1.5B | $-250.0M | ||
| Q3 24 | $1.2B | $-229.0M | ||
| Q2 24 | $1.1B | $170.0M |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 25.5% | -0.8% | ||
| Q3 25 | 22.6% | -11.4% | ||
| Q2 25 | 18.4% | -4.0% | ||
| Q1 25 | 18.4% | -9.8% | ||
| Q4 24 | 23.0% | -7.9% | ||
| Q3 24 | 21.0% | -6.1% | ||
| Q2 24 | 19.7% | 5.2% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 30.7% | ||
| Q3 25 | 4.8% | 31.7% | ||
| Q2 25 | 4.2% | 36.0% | ||
| Q1 25 | 4.3% | 26.7% | ||
| Q4 24 | 7.9% | 40.7% | ||
| Q3 24 | 5.1% | 26.9% | ||
| Q2 24 | 5.0% | 28.7% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 1.83× | 1.92× | ||
| Q2 25 | 2.41× | 4.04× | ||
| Q1 25 | 1.36× | 1.77× | ||
| Q4 24 | 1.86× | 4.00× | ||
| Q3 24 | 1.85× | 1.85× | ||
| Q2 24 | 1.56× | 24.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 0% |
