vs
Side-by-side financial comparison of Danaher Corporation (DHR) and ManpowerGroup Inc. (MAN). 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× ManpowerGroup Inc.). Danaher Corporation runs the higher net margin — 17.3% vs 0.6%, a 16.7% gap on every dollar of revenue. On growth, ManpowerGroup Inc. posted the faster year-over-year revenue change (7.1% vs 3.7%). Danaher Corporation produced more free cash flow last quarter ($1.1B vs $168.0M). Over the past eight quarters, ManpowerGroup Inc.'s revenue compounded faster (3.5% 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,...
ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.
DHR vs MAN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.7B |
| Net Profit | $1.0B | $30.2M |
| Gross Margin | 60.3% | 16.3% |
| Operating Margin | 22.6% | 1.7% |
| Net Margin | 17.3% | 0.6% |
| Revenue YoY | 3.7% | 7.1% |
| Net Profit YoY | 7.9% | 34.2% |
| EPS (diluted) | $1.45 | $0.65 |
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 | $4.6B | ||
| Q2 25 | $5.9B | $4.5B | ||
| Q1 25 | $5.7B | $4.1B | ||
| Q4 24 | $6.5B | $4.4B | ||
| Q3 24 | $5.8B | $4.5B | ||
| Q2 24 | $5.7B | $4.5B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $30.2M | ||
| Q3 25 | $908.0M | $18.0M | ||
| Q2 25 | $555.0M | $-67.1M | ||
| Q1 25 | $954.0M | $5.6M | ||
| Q4 24 | $1.1B | $22.5M | ||
| Q3 24 | $818.0M | $22.8M | ||
| Q2 24 | $907.0M | $60.1M |
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | 16.3% | ||
| Q3 25 | 58.2% | 16.6% | ||
| Q2 25 | 59.3% | 16.9% | ||
| Q1 25 | 61.2% | 17.1% | ||
| Q4 24 | 59.5% | 17.2% | ||
| Q3 24 | 58.7% | 17.3% | ||
| Q2 24 | 59.7% | 17.4% |
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | 1.7% | ||
| Q3 25 | 19.1% | 1.4% | ||
| Q2 25 | 12.8% | -0.6% | ||
| Q1 25 | 22.2% | 0.7% | ||
| Q4 24 | 21.8% | 1.6% | ||
| Q3 24 | 16.5% | 1.6% | ||
| Q2 24 | 20.3% | 2.2% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 0.6% | ||
| Q3 25 | 15.0% | 0.4% | ||
| Q2 25 | 9.3% | -1.5% | ||
| Q1 25 | 16.6% | 0.1% | ||
| Q4 24 | 16.6% | 0.5% | ||
| Q3 24 | 14.1% | 0.5% | ||
| Q2 24 | 15.8% | 1.3% |
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | $0.65 | ||
| Q3 25 | $1.27 | $0.38 | ||
| Q2 25 | $0.77 | $-1.44 | ||
| Q1 25 | $1.32 | $0.12 | ||
| Q4 24 | $1.50 | $0.49 | ||
| Q3 24 | $1.12 | $0.47 | ||
| Q2 24 | $1.22 | $1.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $871.0M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | — | $2.1B |
| Total Assets | — | $9.2B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $871.0M | ||
| Q3 25 | — | $274.6M | ||
| Q2 25 | — | $289.8M | ||
| Q1 25 | — | $395.0M | ||
| Q4 24 | — | $509.4M | ||
| Q3 24 | — | $410.9M | ||
| Q2 24 | — | $468.9M |
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $1.1B | ||
| Q3 25 | $16.9B | $468.3M | ||
| Q2 25 | $17.4B | $470.3M | ||
| Q1 25 | $16.5B | $971.4M | ||
| Q4 24 | $16.0B | $929.4M | ||
| Q3 24 | $17.5B | $999.7M | ||
| Q2 24 | $17.0B | $961.7M |
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $2.1B | ||
| Q3 25 | $51.1B | $2.0B | ||
| Q2 25 | $52.3B | $2.0B | ||
| Q1 25 | $50.8B | $2.1B | ||
| Q4 24 | $49.5B | $2.1B | ||
| Q3 24 | $51.3B | $2.2B | ||
| Q2 24 | $49.9B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $9.2B | ||
| Q3 25 | $79.9B | $8.4B | ||
| Q2 25 | $81.6B | $8.5B | ||
| Q1 25 | $79.1B | $8.0B | ||
| Q4 24 | $77.5B | $8.2B | ||
| Q3 24 | $80.6B | $8.5B | ||
| Q2 24 | $78.6B | $8.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 0.51× | ||
| Q3 25 | 0.33× | 0.23× | ||
| Q2 25 | 0.33× | 0.24× | ||
| Q1 25 | 0.32× | 0.46× | ||
| Q4 24 | 0.32× | 0.44× | ||
| Q3 24 | 0.34× | 0.46× | ||
| Q2 24 | 0.34× | 0.45× |
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 | $178.9M |
| Free Cash FlowOCF − Capex | $1.1B | $168.0M |
| FCF MarginFCF / Revenue | 18.2% | 3.6% |
| Capex IntensityCapex / Revenue | 4.0% | 0.2% |
| Cash ConversionOCF / Net Profit | 1.28× | 5.92× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $-161.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $178.9M | ||
| Q3 25 | $1.7B | $59.8M | ||
| Q2 25 | $1.3B | $-189.6M | ||
| Q1 25 | $1.3B | $-153.2M | ||
| Q4 24 | $2.0B | $247.6M | ||
| Q3 24 | $1.5B | $83.5M | ||
| Q2 24 | $1.4B | $-137.9M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $168.0M | ||
| Q3 25 | $1.4B | $44.7M | ||
| Q2 25 | $1.1B | $-207.2M | ||
| Q1 25 | $1.1B | $-166.9M | ||
| Q4 24 | $1.5B | $236.3M | ||
| Q3 24 | $1.2B | $67.4M | ||
| Q2 24 | $1.1B | $-149.8M |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 25.5% | 3.6% | ||
| Q3 25 | 22.6% | 1.0% | ||
| Q2 25 | 18.4% | -4.6% | ||
| Q1 25 | 18.4% | -4.1% | ||
| Q4 24 | 23.0% | 5.4% | ||
| Q3 24 | 21.0% | 1.5% | ||
| Q2 24 | 19.7% | -3.3% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 0.2% | ||
| Q3 25 | 4.8% | 0.3% | ||
| Q2 25 | 4.2% | 0.4% | ||
| Q1 25 | 4.3% | 0.3% | ||
| Q4 24 | 7.9% | 0.3% | ||
| Q3 24 | 5.1% | 0.4% | ||
| Q2 24 | 5.0% | 0.3% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 5.92× | ||
| Q3 25 | 1.83× | 3.32× | ||
| Q2 25 | 2.41× | — | ||
| Q1 25 | 1.36× | -27.36× | ||
| Q4 24 | 1.86× | 11.00× | ||
| Q3 24 | 1.85× | 3.66× | ||
| Q2 24 | 1.56× | -2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
MAN
| Other | $2.4B | 52% |
| Transferred Over Time | $1.1B | 24% |
| Staffingand Interim | $1.0B | 22% |
| Productsand Services Other | $50.8M | 1% |
| Permanent Recruitment | $37.5M | 1% |
| Outcome Based Solutionsand Consulting | $20.7M | 0% |
| Transferred At Point In Time | $20.4M | 0% |
