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Side-by-side financial comparison of Danaher Corporation (DHR) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $4.5B, roughly 1.3× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 21.3% vs 17.3%, a 4.0% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (11.3% vs 3.7%). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (4.1% 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,...
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
DHR vs RCL — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $4.5B |
| Net Profit | $1.0B | $950.0M |
| Gross Margin | 60.3% | — |
| Operating Margin | 22.6% | 26.1% |
| Net Margin | 17.3% | 21.3% |
| Revenue YoY | 3.7% | 11.3% |
| Net Profit YoY | 7.9% | 29.1% |
| EPS (diluted) | $1.45 | $3.48 |
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 | $4.5B | ||
| Q4 25 | $6.8B | $4.3B | ||
| Q3 25 | $6.1B | $5.1B | ||
| Q2 25 | $5.9B | $4.5B | ||
| Q1 25 | $5.7B | $4.0B | ||
| Q4 24 | $6.5B | $3.8B | ||
| Q3 24 | $5.8B | $4.9B | ||
| Q2 24 | $5.7B | $4.1B |
| Q1 26 | $1.0B | $950.0M | ||
| Q4 25 | $1.2B | $753.0M | ||
| Q3 25 | $908.0M | $1.6B | ||
| Q2 25 | $555.0M | $1.2B | ||
| Q1 25 | $954.0M | $730.0M | ||
| Q4 24 | $1.1B | $552.0M | ||
| Q3 24 | $818.0M | $1.1B | ||
| Q2 24 | $907.0M | $854.0M |
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | 47.4% | ||
| Q3 25 | 58.2% | 51.8% | ||
| Q2 25 | 59.3% | 49.7% | ||
| Q1 25 | 61.2% | 48.0% | ||
| Q4 24 | 59.5% | 45.4% | ||
| Q3 24 | 58.7% | 51.1% | ||
| Q2 24 | 59.7% | 47.6% |
| Q1 26 | 22.6% | 26.1% | ||
| Q4 25 | 22.0% | 21.9% | ||
| Q3 25 | 19.1% | 33.1% | ||
| Q2 25 | 12.8% | 29.3% | ||
| Q1 25 | 22.2% | 23.6% | ||
| Q4 24 | 21.8% | 16.6% | ||
| Q3 24 | 16.5% | 33.4% | ||
| Q2 24 | 20.3% | 26.7% |
| Q1 26 | 17.3% | 21.3% | ||
| Q4 25 | 17.5% | 17.7% | ||
| Q3 25 | 15.0% | 30.6% | ||
| Q2 25 | 9.3% | 26.7% | ||
| Q1 25 | 16.6% | 18.3% | ||
| Q4 24 | 16.6% | 14.7% | ||
| Q3 24 | 14.1% | 22.7% | ||
| Q2 24 | 15.8% | 20.8% |
| Q1 26 | $1.45 | $3.48 | ||
| Q4 25 | $1.69 | $2.76 | ||
| Q3 25 | $1.27 | $5.74 | ||
| Q2 25 | $0.77 | $4.41 | ||
| Q1 25 | $1.32 | $2.70 | ||
| Q4 24 | $1.50 | $2.27 | ||
| Q3 24 | $1.12 | $4.21 | ||
| Q2 24 | $1.22 | $3.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $512.0M |
| Total DebtLower is stronger | — | $21.1B |
| Stockholders' EquityBook value | — | $10.0B |
| Total Assets | — | $42.0B |
| Debt / EquityLower = less leverage | — | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | — | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M |
| Q1 26 | — | $21.1B | ||
| Q4 25 | $18.4B | $18.2B | ||
| Q3 25 | $16.9B | $17.2B | ||
| Q2 25 | $17.4B | $17.6B | ||
| Q1 25 | $16.5B | $18.0B | ||
| Q4 24 | $16.0B | $18.5B | ||
| Q3 24 | $17.5B | $19.0B | ||
| Q2 24 | $17.0B | $19.8B |
| Q1 26 | — | $10.0B | ||
| Q4 25 | $52.5B | $10.0B | ||
| Q3 25 | $51.1B | $10.1B | ||
| Q2 25 | $52.3B | $9.2B | ||
| Q1 25 | $50.8B | $8.0B | ||
| Q4 24 | $49.5B | $7.6B | ||
| Q3 24 | $51.3B | $7.0B | ||
| Q2 24 | $49.9B | $6.0B |
| Q1 26 | — | $42.0B | ||
| Q4 25 | $83.5B | $41.6B | ||
| Q3 25 | $79.9B | $40.1B | ||
| Q2 25 | $81.6B | $38.5B | ||
| Q1 25 | $79.1B | $37.5B | ||
| Q4 24 | $77.5B | $37.1B | ||
| Q3 24 | $80.6B | $37.1B | ||
| Q2 24 | $78.6B | $37.0B |
| Q1 26 | — | 2.11× | ||
| Q4 25 | 0.35× | 1.81× | ||
| Q3 25 | 0.33× | 1.70× | ||
| Q2 25 | 0.33× | 1.92× | ||
| Q1 25 | 0.32× | 2.26× | ||
| Q4 24 | 0.32× | 2.44× | ||
| Q3 24 | 0.34× | 2.69× | ||
| Q2 24 | 0.34× | 3.29× |
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 | $1.1B | — |
| FCF MarginFCF / Revenue | 18.2% | — |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | 1.28× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | $1.8B | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $1.5B | $897.0M | ||
| Q2 24 | $1.4B | $1.6B |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $116.0M | ||
| Q3 25 | $1.4B | $-989.0M | ||
| Q2 25 | $1.1B | $910.0M | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.5B | $915.0M | ||
| Q3 24 | $1.2B | $563.0M | ||
| Q2 24 | $1.1B | $-567.0M |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 25.5% | 2.7% | ||
| Q3 25 | 22.6% | -19.2% | ||
| Q2 25 | 18.4% | 20.1% | ||
| Q1 25 | 18.4% | 30.0% | ||
| Q4 24 | 23.0% | 24.3% | ||
| Q3 24 | 21.0% | 11.5% | ||
| Q2 24 | 19.7% | -13.8% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 35.4% | ||
| Q3 25 | 4.8% | 47.8% | ||
| Q2 25 | 4.2% | 18.4% | ||
| Q1 25 | 4.3% | 10.7% | ||
| Q4 24 | 7.9% | 14.7% | ||
| Q3 24 | 5.1% | 6.8% | ||
| Q2 24 | 5.0% | 52.1% |
| Q1 26 | 1.28× | 1.93× | ||
| Q4 25 | 1.77× | 2.16× | ||
| Q3 25 | 1.83× | 0.93× | ||
| Q2 25 | 2.41× | 1.44× | ||
| Q1 25 | 1.36× | 2.23× | ||
| Q4 24 | 1.86× | 2.66× | ||
| Q3 24 | 1.85× | 0.81× | ||
| Q2 24 | 1.56× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
