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Side-by-side financial comparison of Danaher Corporation (DHR) and NetEase, Inc. (NTES). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $4.0B, roughly 1.5× NetEase, Inc.). NetEase, Inc. runs the higher net margin — 31.0% vs 17.3%, a 13.7% gap on every dollar of revenue. Over the past eight quarters, NetEase, Inc.'s revenue compounded faster (9.7% 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,...
NetEase, Inc. is a Chinese developer and publisher of online PC and mobile games, advertising services, email services, and e-commerce platforms. It is one of the largest Internet and video game companies in the world and was founded by Ding Lei in June 1997.
DHR vs NTES — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.0B |
| Net Profit | $1.0B | $1.2B |
| Gross Margin | 60.3% | 64.1% |
| Operating Margin | 22.6% | 28.3% |
| Net Margin | 17.3% | 31.0% |
| Revenue YoY | 3.7% | — |
| Net Profit YoY | 7.9% | — |
| EPS (diluted) | $1.45 | — |
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 | — | ||
| Q3 25 | $6.1B | $4.0B | ||
| Q2 25 | $5.9B | $3.9B | ||
| Q1 25 | $5.7B | $4.0B | ||
| Q4 24 | $6.5B | — | ||
| Q3 24 | $5.8B | $3.7B | ||
| Q2 24 | $5.7B | $3.5B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $908.0M | $1.2B | ||
| Q2 25 | $555.0M | $1.3B | ||
| Q1 25 | $954.0M | $1.5B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $818.0M | $955.7M | ||
| Q2 24 | $907.0M | $939.6M |
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | — | ||
| Q3 25 | 58.2% | 64.1% | ||
| Q2 25 | 59.3% | 64.7% | ||
| Q1 25 | 61.2% | 64.1% | ||
| Q4 24 | 59.5% | — | ||
| Q3 24 | 58.7% | 62.9% | ||
| Q2 24 | 59.7% | 62.9% |
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | — | ||
| Q3 25 | 19.1% | 28.3% | ||
| Q2 25 | 12.8% | 32.5% | ||
| Q1 25 | 22.2% | 36.2% | ||
| Q4 24 | 21.8% | — | ||
| Q3 24 | 16.5% | 27.3% | ||
| Q2 24 | 20.3% | 27.4% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | — | ||
| Q3 25 | 15.0% | 31.0% | ||
| Q2 25 | 9.3% | 32.6% | ||
| Q1 25 | 16.6% | 36.6% | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 14.1% | 25.6% | ||
| Q2 24 | 15.8% | 26.8% |
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.77 | — | ||
| Q1 25 | $1.32 | — | ||
| Q4 24 | $1.50 | — | ||
| Q3 24 | $1.12 | — | ||
| Q2 24 | $1.22 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $31.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $160.8B |
| Total Assets | — | $214.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $31.3B | ||
| Q2 25 | — | $54.4B | ||
| Q1 25 | — | $41.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $20.2B | ||
| Q2 24 | — | $19.0B |
| 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 | — | ||
| Q3 25 | $51.1B | $160.8B | ||
| Q2 25 | $52.3B | $154.0B | ||
| Q1 25 | $50.8B | $147.8B | ||
| Q4 24 | $49.5B | — | ||
| Q3 24 | $51.3B | $135.6B | ||
| Q2 24 | $49.9B | $134.2B |
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | — | ||
| Q3 25 | $79.9B | $214.5B | ||
| Q2 25 | $81.6B | $208.5B | ||
| Q1 25 | $79.1B | $200.9B | ||
| Q4 24 | $77.5B | — | ||
| Q3 24 | $80.6B | $184.9B | ||
| Q2 24 | $78.6B | $183.3B |
| 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 | $1.8B |
| Free Cash FlowOCF − Capex | — | $1.8B |
| FCF MarginFCF / Revenue | — | 44.7% |
| Capex IntensityCapex / Revenue | 4.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.28× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $6.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.4B | $898.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $875.6M |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | — | ||
| Q3 25 | 22.6% | 44.7% | ||
| Q2 25 | 18.4% | 38.3% | ||
| Q1 25 | 18.4% | 40.4% | ||
| Q4 24 | 23.0% | — | ||
| Q3 24 | 21.0% | 38.9% | ||
| Q2 24 | 19.7% | 25.0% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 4.8% | 1.0% | ||
| Q2 25 | 4.2% | 0.7% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | 5.1% | 1.4% | ||
| Q2 24 | 5.0% | 0.7% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | — | ||
| Q3 25 | 1.83× | 1.47× | ||
| Q2 25 | 2.41× | 1.20× | ||
| Q1 25 | 1.36× | 1.15× | ||
| Q4 24 | 1.86× | — | ||
| Q3 24 | 1.85× | 1.58× | ||
| 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.
NTES
| Games and related value-added services | $3.3B | 82% |
| NetEase Cloud Music | $275.9M | 7% |
| Youdao | $228.8M | 6% |
| Innovative businesses and others | $202.1M | 5% |
