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Side-by-side financial comparison of Danaher Corporation (DHR) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $3.7B, roughly 1.6× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 17.3%, a 2.9% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 3.7%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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,...
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
DHR vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $3.7B |
| Net Profit | $1.0B | $743.0M |
| Gross Margin | 60.3% | 46.1% |
| Operating Margin | 22.6% | 17.2% |
| Net Margin | 17.3% | 20.2% |
| Revenue YoY | 3.7% | 30.6% |
| Net Profit YoY | 7.9% | -42.5% |
| EPS (diluted) | $1.45 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $6.1B | $2.8B | ||
| Q2 25 | $5.9B | $2.7B | ||
| Q1 25 | $5.7B | $2.4B | ||
| Q4 24 | $6.5B | $2.8B | ||
| Q3 24 | $5.8B | $2.2B | ||
| Q2 24 | $5.7B | $2.0B |
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $743.0M | ||
| Q3 25 | $908.0M | $264.0M | ||
| Q2 25 | $555.0M | $906.0M | ||
| Q1 25 | $954.0M | $-682.0M | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $818.0M | $828.0M | ||
| Q2 24 | $907.0M | $171.0M |
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | 46.1% | ||
| Q3 25 | 58.2% | 48.9% | ||
| Q2 25 | 59.3% | 48.6% | ||
| Q1 25 | 61.2% | 49.5% | ||
| Q4 24 | 59.5% | 48.1% | ||
| Q3 24 | 58.7% | 51.7% | ||
| Q2 24 | 59.7% | 51.1% |
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | 17.2% | ||
| Q3 25 | 19.1% | 12.1% | ||
| Q2 25 | 12.8% | 10.9% | ||
| Q1 25 | 22.2% | 8.6% | ||
| Q4 24 | 21.8% | 16.5% | ||
| Q3 24 | 16.5% | 13.1% | ||
| Q2 24 | 20.3% | 11.8% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 20.2% | ||
| Q3 25 | 15.0% | 9.3% | ||
| Q2 25 | 9.3% | 33.8% | ||
| Q1 25 | 16.6% | -28.9% | ||
| Q4 24 | 16.6% | 46.0% | ||
| Q3 24 | 14.1% | 38.3% | ||
| Q2 24 | 15.8% | 8.4% |
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | $0.58 | ||
| Q3 25 | $1.27 | $0.20 | ||
| Q2 25 | $0.77 | $0.69 | ||
| Q1 25 | $1.32 | $-0.53 | ||
| Q4 24 | $1.50 | $0.99 | ||
| Q3 24 | $1.12 | $0.64 | ||
| Q2 24 | $1.22 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $13.5B |
| Total Assets | — | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| 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 | $13.5B | ||
| Q3 25 | $51.1B | $12.5B | ||
| Q2 25 | $52.3B | $12.1B | ||
| Q1 25 | $50.8B | $11.1B | ||
| Q4 24 | $49.5B | $11.6B | ||
| Q3 24 | $51.3B | $10.1B | ||
| Q2 24 | $49.9B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $15.2B | ||
| Q3 25 | $79.9B | $15.0B | ||
| Q2 25 | $81.6B | $14.6B | ||
| Q1 25 | $79.1B | $13.4B | ||
| Q4 24 | $77.5B | $13.9B | ||
| Q3 24 | $80.6B | — | ||
| Q2 24 | $78.6B | — |
| 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 | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | 4.0% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.28× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $725.0M | ||
| Q3 25 | $1.7B | $513.0M | ||
| Q2 25 | $1.3B | $428.0M | ||
| Q1 25 | $1.3B | $367.0M | ||
| Q4 24 | $2.0B | $615.0M | ||
| Q3 24 | $1.5B | $423.0M | ||
| Q2 24 | $1.4B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $715.0M | ||
| Q3 25 | $1.4B | $507.0M | ||
| Q2 25 | $1.1B | $422.0M | ||
| Q1 25 | $1.1B | $363.0M | ||
| Q4 24 | $1.5B | $611.0M | ||
| Q3 24 | $1.2B | $421.0M | ||
| Q2 24 | $1.1B | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 19.5% | ||
| Q3 25 | 22.6% | 17.8% | ||
| Q2 25 | 18.4% | 15.7% | ||
| Q1 25 | 18.4% | 15.4% | ||
| Q4 24 | 23.0% | 21.7% | ||
| Q3 24 | 21.0% | 19.5% | ||
| Q2 24 | 19.7% | 16.3% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 0.3% | ||
| Q3 25 | 4.8% | 0.2% | ||
| Q2 25 | 4.2% | 0.2% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 7.9% | 0.1% | ||
| Q3 24 | 5.1% | 0.1% | ||
| Q2 24 | 5.0% | 0.3% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 0.98× | ||
| Q3 25 | 1.83× | 1.94× | ||
| Q2 25 | 2.41× | 0.47× | ||
| Q1 25 | 1.36× | — | ||
| Q4 24 | 1.86× | 0.48× | ||
| Q3 24 | 1.85× | 0.51× | ||
| Q2 24 | 1.56× | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
