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Side-by-side financial comparison of Danaher Corporation (DHR) and Lennar (LEN). Click either name above to swap in a different company.
Lennar is the larger business by last-quarter revenue ($6.6B vs $6.0B, roughly 1.1× Danaher Corporation). Danaher Corporation runs the higher net margin — 17.3% vs 3.5%, a 13.8% gap on every dollar of revenue. On growth, Danaher Corporation posted the faster year-over-year revenue change (3.7% vs -13.3%). Over the past eight quarters, Danaher Corporation's revenue compounded faster (1.8% CAGR vs -13.1%).
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,...
Lennar Corporation is an American home construction company based in Miami-Dade County, Florida. As of 2025, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single-family residential rental properties, luxury development, property technology with LenX, and mortgage lending from Lennar Mortgage.
DHR vs LEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $6.6B |
| Net Profit | $1.0B | $229.4M |
| Gross Margin | 60.3% | — |
| Operating Margin | 22.6% | — |
| Net Margin | 17.3% | 3.5% |
| Revenue YoY | 3.7% | -13.3% |
| Net Profit YoY | 7.9% | -55.8% |
| EPS (diluted) | $1.45 | $0.93 |
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 | $6.6B | ||
| Q4 25 | $6.8B | $9.4B | ||
| Q3 25 | $6.1B | $8.8B | ||
| Q2 25 | $5.9B | $8.4B | ||
| Q1 25 | $5.7B | $7.6B | ||
| Q4 24 | $6.5B | $9.9B | ||
| Q3 24 | $5.8B | $9.4B | ||
| Q2 24 | $5.7B | $8.8B |
| Q1 26 | $1.0B | $229.4M | ||
| Q4 25 | $1.2B | $490.2M | ||
| Q3 25 | $908.0M | $591.0M | ||
| Q2 25 | $555.0M | $477.4M | ||
| Q1 25 | $954.0M | $519.5M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $818.0M | $1.2B | ||
| Q2 24 | $907.0M | $954.3M |
| 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% | 7.3% | ||
| Q3 25 | 19.1% | 9.0% | ||
| Q2 25 | 12.8% | 7.7% | ||
| Q1 25 | 22.2% | 9.1% | ||
| Q4 24 | 21.8% | 14.7% | ||
| Q3 24 | 16.5% | 16.3% | ||
| Q2 24 | 20.3% | 14.4% |
| Q1 26 | 17.3% | 3.5% | ||
| Q4 25 | 17.5% | 5.2% | ||
| Q3 25 | 15.0% | 6.7% | ||
| Q2 25 | 9.3% | 5.7% | ||
| Q1 25 | 16.6% | 6.8% | ||
| Q4 24 | 16.6% | 11.0% | ||
| Q3 24 | 14.1% | 12.3% | ||
| Q2 24 | 15.8% | 10.9% |
| Q1 26 | $1.45 | $0.93 | ||
| Q4 25 | $1.69 | — | ||
| Q3 25 | $1.27 | $2.29 | ||
| Q2 25 | $0.77 | $1.81 | ||
| Q1 25 | $1.32 | $1.96 | ||
| Q4 24 | $1.50 | $4.03 | ||
| Q3 24 | $1.12 | $4.26 | ||
| Q2 24 | $1.22 | $3.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $2.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $21.9B |
| Total Assets | — | $33.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $5.9B | ||
| Q3 25 | $16.9B | — | ||
| Q2 25 | $17.4B | — | ||
| Q1 25 | $16.5B | — | ||
| Q4 24 | $16.0B | $4.2B | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $17.0B | — |
| Q1 26 | — | $21.9B | ||
| Q4 25 | $52.5B | $22.0B | ||
| Q3 25 | $51.1B | $22.6B | ||
| Q2 25 | $52.3B | $22.6B | ||
| Q1 25 | $50.8B | $22.7B | ||
| Q4 24 | $49.5B | $27.9B | ||
| Q3 24 | $51.3B | $27.4B | ||
| Q2 24 | $49.9B | $26.9B |
| Q1 26 | — | $33.2B | ||
| Q4 25 | $83.5B | $34.4B | ||
| Q3 25 | $79.9B | $34.9B | ||
| Q2 25 | $81.6B | $34.4B | ||
| Q1 25 | $79.1B | $35.0B | ||
| Q4 24 | $77.5B | $41.3B | ||
| Q3 24 | $80.6B | $39.7B | ||
| Q2 24 | $78.6B | $38.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 0.27× | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | 0.15× | ||
| 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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | 1.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $1.8B | ||
| Q3 25 | $1.7B | $-158.6M | ||
| Q2 25 | $1.3B | $-1.1B | ||
| Q1 25 | $1.3B | $-289.0M | ||
| Q4 24 | $2.0B | $974.5M | ||
| Q3 24 | $1.5B | $819.2M | ||
| Q2 24 | $1.4B | $241.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.4B | $-190.8M | ||
| Q2 25 | $1.1B | $-1.1B | ||
| Q1 25 | $1.1B | $-345.1M | ||
| Q4 24 | $1.5B | $933.1M | ||
| Q3 24 | $1.2B | $800.8M | ||
| Q2 24 | $1.1B | $203.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 17.9% | ||
| Q3 25 | 22.6% | -2.2% | ||
| Q2 25 | 18.4% | -13.3% | ||
| Q1 25 | 18.4% | -4.5% | ||
| Q4 24 | 23.0% | 9.4% | ||
| Q3 24 | 21.0% | 8.5% | ||
| Q2 24 | 19.7% | 2.3% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 0.9% | ||
| Q3 25 | 4.8% | 0.4% | ||
| Q2 25 | 4.2% | 0.2% | ||
| Q1 25 | 4.3% | 0.7% | ||
| Q4 24 | 7.9% | 0.4% | ||
| Q3 24 | 5.1% | 0.2% | ||
| Q2 24 | 5.0% | 0.4% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 3.59× | ||
| Q3 25 | 1.83× | -0.27× | ||
| Q2 25 | 2.41× | -2.29× | ||
| Q1 25 | 1.36× | -0.56× | ||
| Q4 24 | 1.86× | 0.89× | ||
| Q3 24 | 1.85× | 0.70× | ||
| Q2 24 | 1.56× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
LEN
| Homebuilding | $6.3B | 95% |
| Financial Services | $215.6M | 3% |
| Multifamily | $82.5M | 1% |
| Lennar Other | $22.9M | 0% |
