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Side-by-side financial comparison of Danaher Corporation (DHR) and Macy's, Inc. (M). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $4.7B, roughly 1.3× Macy's, Inc.). Danaher Corporation runs the higher net margin — 17.3% vs 0.2%, a 17.1% gap on every dollar of revenue. On growth, Danaher Corporation posted the faster year-over-year revenue change (3.7% vs -0.6%). Danaher Corporation produced more free cash flow last quarter ($1.1B vs $-101.0M). Over the past eight quarters, Danaher Corporation's revenue compounded faster (1.8% CAGR vs -23.8%).
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,...
Macy's, Inc. is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over Macy's, the old department store chain originally founded in 1858 by A...
DHR vs M — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.7B |
| Net Profit | $1.0B | $11.0M |
| Gross Margin | 60.3% | 39.4% |
| Operating Margin | 22.6% | 0.9% |
| Net Margin | 17.3% | 0.2% |
| Revenue YoY | 3.7% | -0.6% |
| Net Profit YoY | 7.9% | -60.7% |
| EPS (diluted) | $1.45 | $0.04 |
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 | $4.7B | ||
| Q3 25 | $6.1B | $4.8B | ||
| Q2 25 | $5.9B | $4.6B | ||
| Q1 25 | $5.7B | $7.8B | ||
| Q4 24 | $6.5B | $4.7B | ||
| Q3 24 | $5.8B | $4.9B | ||
| Q2 24 | $5.7B | $4.8B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $11.0M | ||
| Q3 25 | $908.0M | $87.0M | ||
| Q2 25 | $555.0M | $38.0M | ||
| Q1 25 | $954.0M | $342.0M | ||
| Q4 24 | $1.1B | $28.0M | ||
| Q3 24 | $818.0M | $150.0M | ||
| Q2 24 | $907.0M | $62.0M |
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | 39.4% | ||
| Q3 25 | 58.2% | 39.7% | ||
| Q2 25 | 59.3% | 39.2% | ||
| Q1 25 | 61.2% | 35.7% | ||
| Q4 24 | 59.5% | 39.6% | ||
| Q3 24 | 58.7% | 40.5% | ||
| Q2 24 | 59.7% | 39.2% |
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | 0.9% | ||
| Q3 25 | 19.1% | 3.1% | ||
| Q2 25 | 12.8% | 2.0% | ||
| Q1 25 | 22.2% | 6.4% | ||
| Q4 24 | 21.8% | 1.3% | ||
| Q3 24 | 16.5% | 4.5% | ||
| Q2 24 | 20.3% | 2.6% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 0.2% | ||
| Q3 25 | 15.0% | 1.8% | ||
| Q2 25 | 9.3% | 0.8% | ||
| Q1 25 | 16.6% | 4.4% | ||
| Q4 24 | 16.6% | 0.6% | ||
| Q3 24 | 14.1% | 3.0% | ||
| Q2 24 | 15.8% | 1.3% |
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | $0.04 | ||
| Q3 25 | $1.27 | $0.31 | ||
| Q2 25 | $0.77 | $0.13 | ||
| Q1 25 | $1.32 | $1.22 | ||
| Q4 24 | $1.50 | $0.10 | ||
| Q3 24 | $1.12 | $0.53 | ||
| Q2 24 | $1.22 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $447.0M |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | — | $4.3B |
| Total Assets | — | $17.1B |
| Debt / EquityLower = less leverage | — | 0.56× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $447.0M | ||
| Q3 25 | — | $829.0M | ||
| Q2 25 | — | $932.0M | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $315.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | — | $876.0M |
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $2.4B | ||
| Q3 25 | $16.9B | $2.4B | ||
| Q2 25 | $17.4B | $2.8B | ||
| Q1 25 | $16.5B | $2.8B | ||
| Q4 24 | $16.0B | $2.8B | ||
| Q3 24 | $17.5B | $3.0B | ||
| Q2 24 | $17.0B | $3.0B |
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $4.3B | ||
| Q3 25 | $51.1B | $4.5B | ||
| Q2 25 | $52.3B | $4.5B | ||
| Q1 25 | $50.8B | $4.6B | ||
| Q4 24 | $49.5B | $4.1B | ||
| Q3 24 | $51.3B | $4.3B | ||
| Q2 24 | $49.9B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $17.1B | ||
| Q3 25 | $79.9B | $15.6B | ||
| Q2 25 | $81.6B | $16.1B | ||
| Q1 25 | $79.1B | $16.4B | ||
| Q4 24 | $77.5B | $17.3B | ||
| Q3 24 | $80.6B | $15.8B | ||
| Q2 24 | $78.6B | $16.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 0.56× | ||
| Q3 25 | 0.33× | 0.55× | ||
| Q2 25 | 0.33× | 0.62× | ||
| Q1 25 | 0.32× | 0.61× | ||
| Q4 24 | 0.32× | 0.67× | ||
| Q3 24 | 0.34× | 0.70× | ||
| Q2 24 | 0.34× | 0.72× |
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 | $-8.0M |
| Free Cash FlowOCF − Capex | $1.1B | $-101.0M |
| FCF MarginFCF / Revenue | 18.2% | -2.1% |
| Capex IntensityCapex / Revenue | 4.0% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.28× | -0.73× |
| 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 | $-8.0M | ||
| Q3 25 | $1.7B | $319.0M | ||
| Q2 25 | $1.3B | $-64.0M | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $2.0B | $-167.0M | ||
| Q3 24 | $1.5B | $8.0M | ||
| Q2 24 | $1.4B | $129.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $-101.0M | ||
| Q3 25 | $1.4B | $240.0M | ||
| Q2 25 | $1.1B | $-164.0M | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.5B | $-295.0M | ||
| Q3 24 | $1.2B | $-109.0M | ||
| Q2 24 | $1.1B | $-25.0M |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 25.5% | -2.1% | ||
| Q3 25 | 22.6% | 5.0% | ||
| Q2 25 | 18.4% | -3.6% | ||
| Q1 25 | 18.4% | 15.3% | ||
| Q4 24 | 23.0% | -6.2% | ||
| Q3 24 | 21.0% | -2.2% | ||
| Q2 24 | 19.7% | -0.5% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 2.0% | ||
| Q3 25 | 4.8% | 1.6% | ||
| Q2 25 | 4.2% | 2.2% | ||
| Q1 25 | 4.3% | 1.5% | ||
| Q4 24 | 7.9% | 2.7% | ||
| Q3 24 | 5.1% | 2.4% | ||
| Q2 24 | 5.0% | 3.2% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | -0.73× | ||
| Q3 25 | 1.83× | 3.67× | ||
| Q2 25 | 2.41× | -1.68× | ||
| Q1 25 | 1.36× | 3.82× | ||
| Q4 24 | 1.86× | -5.96× | ||
| Q3 24 | 1.85× | 0.05× | ||
| Q2 24 | 1.56× | 2.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
M
| Womens Accessories Shoes Cosmetics And Fragrances | $1.9B | 41% |
| Womens Apparel | $1.1B | 23% |
| Mens And Kids | $1.0B | 22% |
| Home Other | $638.0M | 14% |
| Credit Card Revenues Net | $158.0M | 3% |
| Macys Media Network Revenue Net | $42.0M | 1% |
