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Side-by-side financial comparison of Danaher Corporation (DHR) and Kyndryl Holdings, Inc. (KD). 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× Kyndryl Holdings, Inc.). Danaher Corporation runs the higher net margin — 17.3% vs 0.5%, a 16.8% gap on every dollar of revenue. On growth, Danaher Corporation posted the faster year-over-year revenue change (3.7% vs 0.0%). Over the past eight quarters, Danaher Corporation's revenue compounded faster (1.8% CAGR vs 0.4%).
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,...
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, headquartered in New York City and created from the spin-off of IBM's infrastructure services business in 2021. The company designs, builds, manages and develops large-scale information systems. The company also has business advisory services. It is currently the world's largest IT infrastructure services provider, and the fifth-largest consulting provider.
DHR vs KD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $3.8B |
| Net Profit | $1.0B | $17.0M |
| Gross Margin | 60.3% | — |
| Operating Margin | 22.6% | 3.5% |
| Net Margin | 17.3% | 0.5% |
| Revenue YoY | 3.7% | 0.0% |
| Net Profit YoY | 7.9% | -75.0% |
| 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 | $3.8B | ||
| Q4 25 | $6.8B | $3.9B | ||
| Q3 25 | $6.1B | $3.7B | ||
| Q2 25 | $5.9B | $3.7B | ||
| Q1 25 | $5.7B | $3.8B | ||
| Q4 24 | $6.5B | $3.7B | ||
| Q3 24 | $5.8B | $3.8B | ||
| Q2 24 | $5.7B | $3.7B |
| Q1 26 | $1.0B | $17.0M | ||
| Q4 25 | $1.2B | $57.0M | ||
| Q3 25 | $908.0M | $68.0M | ||
| Q2 25 | $555.0M | $56.0M | ||
| Q1 25 | $954.0M | $69.0M | ||
| Q4 24 | $1.1B | $215.0M | ||
| Q3 24 | $818.0M | $-43.0M | ||
| Q2 24 | $907.0M | $11.0M |
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | 21.8% | ||
| Q3 25 | 58.2% | 21.5% | ||
| Q2 25 | 59.3% | 21.3% | ||
| Q1 25 | 61.2% | 21.7% | ||
| Q4 24 | 59.5% | 20.4% | ||
| Q3 24 | 58.7% | 19.9% | ||
| Q2 24 | 59.7% | 21.5% |
| Q1 26 | 22.6% | 3.5% | ||
| Q4 25 | 22.0% | 2.4% | ||
| Q3 25 | 19.1% | 2.6% | ||
| Q2 25 | 12.8% | 2.5% | ||
| Q1 25 | 22.2% | 3.1% | ||
| Q4 24 | 21.8% | 6.9% | ||
| Q3 24 | 16.5% | -0.1% | ||
| Q2 24 | 20.3% | 1.7% |
| Q1 26 | 17.3% | 0.5% | ||
| Q4 25 | 17.5% | 1.5% | ||
| Q3 25 | 15.0% | 1.8% | ||
| Q2 25 | 9.3% | 1.5% | ||
| Q1 25 | 16.6% | 1.8% | ||
| Q4 24 | 16.6% | 5.7% | ||
| Q3 24 | 14.1% | -1.1% | ||
| Q2 24 | 15.8% | 0.3% |
| Q1 26 | $1.45 | $0.08 | ||
| Q4 25 | $1.69 | $0.25 | ||
| Q3 25 | $1.27 | $0.29 | ||
| Q2 25 | $0.77 | $0.23 | ||
| Q1 25 | $1.32 | $0.30 | ||
| Q4 24 | $1.50 | $0.89 | ||
| Q3 24 | $1.12 | $-0.19 | ||
| Q2 24 | $1.22 | $0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.6B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $2.3B | ||
| Q3 25 | $16.9B | $3.0B | ||
| Q2 25 | $17.4B | $3.0B | ||
| Q1 25 | $16.5B | $3.0B | ||
| Q4 24 | $16.0B | $3.1B | ||
| Q3 24 | $17.5B | $3.1B | ||
| Q2 24 | $17.0B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $1.2B | ||
| Q3 25 | $51.1B | $1.2B | ||
| Q2 25 | $52.3B | $1.2B | ||
| Q1 25 | $50.8B | $1.2B | ||
| Q4 24 | $49.5B | $1.1B | ||
| Q3 24 | $51.3B | $1.1B | ||
| Q2 24 | $49.9B | $996.0M |
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $11.3B | ||
| Q3 25 | $79.9B | $11.2B | ||
| Q2 25 | $81.6B | $11.5B | ||
| Q1 25 | $79.1B | $10.5B | ||
| Q4 24 | $77.5B | $9.9B | ||
| Q3 24 | $80.6B | $10.4B | ||
| Q2 24 | $78.6B | $10.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 1.92× | ||
| Q3 25 | 0.33× | 2.45× | ||
| Q2 25 | 0.33× | 2.44× | ||
| Q1 25 | 0.32× | 2.50× | ||
| Q4 24 | 0.32× | 2.81× | ||
| Q3 24 | 0.34× | 2.92× | ||
| Q2 24 | 0.34× | 3.12× |
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 | $948.0M |
| Free Cash FlowOCF − Capex | — | $2.0B |
| FCF MarginFCF / Revenue | — | 53.8% |
| Capex IntensityCapex / Revenue | 4.0% | 16.1% |
| Cash ConversionOCF / Net Profit | 1.28× | 55.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | $948.0M | ||
| Q4 25 | $2.1B | $428.0M | ||
| Q3 25 | $1.7B | $146.0M | ||
| Q2 25 | $1.3B | $-124.0M | ||
| Q1 25 | $1.3B | $581.0M | ||
| Q4 24 | $2.0B | $260.0M | ||
| Q3 24 | $1.5B | $149.0M | ||
| Q2 24 | $1.4B | $-48.0M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.7B | $208.0M | ||
| Q3 25 | $1.4B | $17.0M | ||
| Q2 25 | $1.1B | $-267.0M | ||
| Q1 25 | $1.1B | $341.0M | ||
| Q4 24 | $1.5B | $151.0M | ||
| Q3 24 | $1.2B | $15.0M | ||
| Q2 24 | $1.1B | $-170.0M |
| Q1 26 | — | 53.8% | ||
| Q4 25 | 25.5% | 5.4% | ||
| Q3 25 | 22.6% | 0.5% | ||
| Q2 25 | 18.4% | -7.1% | ||
| Q1 25 | 18.4% | 9.0% | ||
| Q4 24 | 23.0% | 4.0% | ||
| Q3 24 | 21.0% | 0.4% | ||
| Q2 24 | 19.7% | -4.5% |
| Q1 26 | 4.0% | 16.1% | ||
| Q4 25 | 5.4% | 5.7% | ||
| Q3 25 | 4.8% | 3.5% | ||
| Q2 25 | 4.2% | 3.8% | ||
| Q1 25 | 4.3% | 6.3% | ||
| Q4 24 | 7.9% | 2.9% | ||
| Q3 24 | 5.1% | 3.6% | ||
| Q2 24 | 5.0% | 3.3% |
| Q1 26 | 1.28× | 55.76× | ||
| Q4 25 | 1.77× | 7.51× | ||
| Q3 25 | 1.83× | 2.15× | ||
| Q2 25 | 2.41× | -2.21× | ||
| Q1 25 | 1.36× | 8.42× | ||
| Q4 24 | 1.86× | 1.21× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.56× | -4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
KD
| Principal Markets | $1.3B | 34% |
| United States | $1.0B | 27% |
| Strategic Markets | $916.0M | 24% |
| Japan | $556.0M | 15% |
