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Side-by-side financial comparison of Danaher Corporation (DHR) and Mastercard (MA). Click either name above to swap in a different company.
Mastercard is the larger business by last-quarter revenue ($8.8B vs $6.0B, roughly 1.5× Danaher Corporation). Mastercard runs the higher net margin — 46.1% vs 17.3%, a 28.8% gap on every dollar of revenue. On growth, Mastercard posted the faster year-over-year revenue change (17.6% vs 3.7%). Mastercard produced more free cash flow last quarter ($4.9B vs $1.1B). Over the past eight quarters, Mastercard's revenue compounded faster (17.8% 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,...
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
DHR vs MA — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $8.8B |
| Net Profit | $1.0B | $4.1B |
| Gross Margin | 60.3% | — |
| Operating Margin | 22.6% | 55.8% |
| Net Margin | 17.3% | 46.1% |
| Revenue YoY | 3.7% | 17.6% |
| Net Profit YoY | 7.9% | 21.5% |
| EPS (diluted) | $1.45 | $4.52 |
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 | $8.8B | ||
| Q3 25 | $6.1B | $8.6B | ||
| Q2 25 | $5.9B | $8.1B | ||
| Q1 25 | $5.7B | $7.3B | ||
| Q4 24 | $6.5B | $7.5B | ||
| Q3 24 | $5.8B | $7.4B | ||
| Q2 24 | $5.7B | $7.0B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $4.1B | ||
| Q3 25 | $908.0M | $3.9B | ||
| Q2 25 | $555.0M | $3.7B | ||
| Q1 25 | $954.0M | $3.3B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $818.0M | $3.3B | ||
| Q2 24 | $907.0M | $3.3B |
| 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% | 55.8% | ||
| Q3 25 | 19.1% | 58.8% | ||
| Q2 25 | 12.8% | 58.7% | ||
| Q1 25 | 22.2% | 57.2% | ||
| Q4 24 | 21.8% | 52.6% | ||
| Q3 24 | 16.5% | 54.3% | ||
| Q2 24 | 20.3% | 58.0% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 46.1% | ||
| Q3 25 | 15.0% | 45.7% | ||
| Q2 25 | 9.3% | 45.5% | ||
| Q1 25 | 16.6% | 45.2% | ||
| Q4 24 | 16.6% | 44.6% | ||
| Q3 24 | 14.1% | 44.3% | ||
| Q2 24 | 15.8% | 46.8% |
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | $4.52 | ||
| Q3 25 | $1.27 | $4.34 | ||
| Q2 25 | $0.77 | $4.07 | ||
| Q1 25 | $1.32 | $3.59 | ||
| Q4 24 | $1.50 | $3.64 | ||
| Q3 24 | $1.12 | $3.53 | ||
| Q2 24 | $1.22 | $3.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $10.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $7.7B |
| Total Assets | — | $54.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $10.6B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | — | $9.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $8.4B | ||
| Q3 24 | — | $11.1B | ||
| Q2 24 | — | $7.0B |
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | — | ||
| Q3 25 | $16.9B | — | ||
| Q2 25 | $17.4B | — | ||
| Q1 25 | $16.5B | — | ||
| Q4 24 | $16.0B | — | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $17.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $7.7B | ||
| Q3 25 | $51.1B | $7.9B | ||
| Q2 25 | $52.3B | $7.9B | ||
| Q1 25 | $50.8B | $6.7B | ||
| Q4 24 | $49.5B | $6.5B | ||
| Q3 24 | $51.3B | $7.4B | ||
| Q2 24 | $49.9B | $7.4B |
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $54.2B | ||
| Q3 25 | $79.9B | $53.3B | ||
| Q2 25 | $81.6B | $51.4B | ||
| Q1 25 | $79.1B | $48.5B | ||
| Q4 24 | $77.5B | $48.1B | ||
| Q3 24 | $80.6B | $47.2B | ||
| Q2 24 | $78.6B | $42.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.32× | — | ||
| 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 | $5.0B |
| Free Cash FlowOCF − Capex | $1.1B | $4.9B |
| FCF MarginFCF / Revenue | 18.2% | 55.5% |
| Capex IntensityCapex / Revenue | 4.0% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.28× | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $5.0B | ||
| Q3 25 | $1.7B | $5.7B | ||
| Q2 25 | $1.3B | $4.6B | ||
| Q1 25 | $1.3B | $2.4B | ||
| Q4 24 | $2.0B | $4.8B | ||
| Q3 24 | $1.5B | $5.1B | ||
| Q2 24 | $1.4B | $3.1B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $4.9B | ||
| Q3 25 | $1.4B | $5.5B | ||
| Q2 25 | $1.1B | $4.6B | ||
| Q1 25 | $1.1B | $2.2B | ||
| Q4 24 | $1.5B | $4.7B | ||
| Q3 24 | $1.2B | $5.0B | ||
| Q2 24 | $1.1B | $3.0B |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 25.5% | 55.5% | ||
| Q3 25 | 22.6% | 63.8% | ||
| Q2 25 | 18.4% | 56.1% | ||
| Q1 25 | 18.4% | 30.6% | ||
| Q4 24 | 23.0% | 63.3% | ||
| Q3 24 | 21.0% | 68.2% | ||
| Q2 24 | 19.7% | 43.4% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 1.3% | ||
| Q3 25 | 4.8% | 2.1% | ||
| Q2 25 | 4.2% | 0.5% | ||
| Q1 25 | 4.3% | 2.2% | ||
| Q4 24 | 7.9% | 1.3% | ||
| Q3 24 | 5.1% | 1.5% | ||
| Q2 24 | 5.0% | 1.7% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 1.23× | ||
| Q3 25 | 1.83× | 1.44× | ||
| Q2 25 | 2.41× | 1.24× | ||
| Q1 25 | 1.36× | 0.73× | ||
| Q4 24 | 1.86× | 1.45× | ||
| Q3 24 | 1.85× | 1.57× | ||
| Q2 24 | 1.56× | 0.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
