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Side-by-side financial comparison of Danaher Corporation (DHR) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Danaher Corporation is the larger business by last-quarter revenue ($6.0B vs $3.1B, roughly 1.9× Molson Coors Beverage Company). Danaher Corporation runs the higher net margin — 17.3% vs 6.7%, a 10.6% gap on every dollar of revenue. On growth, Molson Coors Beverage Company posted the faster year-over-year revenue change (6.1% vs 3.7%). Molson Coors Beverage Company produced more free cash flow last quarter ($1.1B vs $1.1B). Over the past eight quarters, Danaher Corporation's revenue compounded faster (1.8% CAGR vs -9.8%).
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,...
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
DHR vs TAP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $3.1B |
| Net Profit | $1.0B | $209.3M |
| Gross Margin | 60.3% | 31.0% |
| Operating Margin | 22.6% | — |
| Net Margin | 17.3% | 6.7% |
| Revenue YoY | 3.7% | 6.1% |
| Net Profit YoY | 7.9% | -28.7% |
| EPS (diluted) | $1.45 | $1.22 |
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 | $3.1B | ||
| Q4 25 | $6.8B | $3.1B | ||
| Q3 25 | $6.1B | $3.5B | ||
| Q2 25 | $5.9B | $3.7B | ||
| Q1 25 | $5.7B | $2.7B | ||
| Q4 24 | $6.5B | $3.2B | ||
| Q3 24 | $5.8B | $3.6B | ||
| Q2 24 | $5.7B | $3.8B |
| Q1 26 | $1.0B | $209.3M | ||
| Q4 25 | $1.2B | $238.3M | ||
| Q3 25 | $908.0M | $-2.9B | ||
| Q2 25 | $555.0M | $428.7M | ||
| Q1 25 | $954.0M | $121.0M | ||
| Q4 24 | $1.1B | $287.8M | ||
| Q3 24 | $818.0M | $199.8M | ||
| Q2 24 | $907.0M | $427.0M |
| Q1 26 | 60.3% | 31.0% | ||
| Q4 25 | 58.0% | 31.0% | ||
| Q3 25 | 58.2% | 33.7% | ||
| Q2 25 | 59.3% | 34.3% | ||
| Q1 25 | 61.2% | 31.6% | ||
| Q4 24 | 59.5% | 32.0% | ||
| Q3 24 | 58.7% | 33.4% | ||
| Q2 24 | 59.7% | 34.6% |
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | 10.4% | ||
| Q3 25 | 19.1% | -98.5% | ||
| Q2 25 | 12.8% | 15.6% | ||
| Q1 25 | 22.2% | 6.9% | ||
| Q4 24 | 21.8% | 12.0% | ||
| Q3 24 | 16.5% | 12.5% | ||
| Q2 24 | 20.3% | 15.6% |
| Q1 26 | 17.3% | 6.7% | ||
| Q4 25 | 17.5% | 7.6% | ||
| Q3 25 | 15.0% | -84.0% | ||
| Q2 25 | 9.3% | 11.5% | ||
| Q1 25 | 16.6% | 4.5% | ||
| Q4 24 | 16.6% | 8.9% | ||
| Q3 24 | 14.1% | 5.5% | ||
| Q2 24 | 15.8% | 11.1% |
| Q1 26 | $1.45 | $1.22 | ||
| Q4 25 | $1.69 | $1.32 | ||
| Q3 25 | $1.27 | $-14.79 | ||
| Q2 25 | $0.77 | $2.13 | ||
| Q1 25 | $1.32 | $0.59 | ||
| Q4 24 | $1.50 | $1.39 | ||
| Q3 24 | $1.12 | $0.96 | ||
| Q2 24 | $1.22 | $2.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $896.5M |
| Total DebtLower is stronger | — | $3.9B |
| Stockholders' EquityBook value | — | $10.4B |
| Total Assets | — | $22.7B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $896.5M | ||
| Q4 25 | — | $896.5M | ||
| Q3 25 | — | $950.2M | ||
| Q2 25 | — | $613.8M | ||
| Q1 25 | — | $412.7M | ||
| Q4 24 | — | $969.3M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $18.4B | $6.3B | ||
| Q3 25 | $16.9B | $6.3B | ||
| Q2 25 | $17.4B | $6.3B | ||
| Q1 25 | $16.5B | $6.2B | ||
| Q4 24 | $16.0B | $6.1B | ||
| Q3 24 | $17.5B | $6.2B | ||
| Q2 24 | $17.0B | $7.0B |
| Q1 26 | — | $10.4B | ||
| Q4 25 | $52.5B | $10.2B | ||
| Q3 25 | $51.1B | $10.3B | ||
| Q2 25 | $52.3B | $13.4B | ||
| Q1 25 | $50.8B | $13.1B | ||
| Q4 24 | $49.5B | $13.1B | ||
| Q3 24 | $51.3B | $13.3B | ||
| Q2 24 | $49.9B | $13.2B |
| Q1 26 | — | $22.7B | ||
| Q4 25 | $83.5B | $22.7B | ||
| Q3 25 | $79.9B | $22.9B | ||
| Q2 25 | $81.6B | $26.8B | ||
| Q1 25 | $79.1B | $25.9B | ||
| Q4 24 | $77.5B | $26.1B | ||
| Q3 24 | $80.6B | $26.6B | ||
| Q2 24 | $78.6B | $27.4B |
| Q1 26 | — | 0.37× | ||
| Q4 25 | 0.35× | 0.61× | ||
| Q3 25 | 0.33× | 0.61× | ||
| Q2 25 | 0.33× | 0.47× | ||
| Q1 25 | 0.32× | 0.47× | ||
| Q4 24 | 0.32× | 0.47× | ||
| Q3 24 | 0.34× | 0.47× | ||
| Q2 24 | 0.34× | 0.53× |
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 | — |
| Free Cash FlowOCF − Capex | $1.1B | $1.1B |
| FCF MarginFCF / Revenue | 18.2% | 36.5% |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | 1.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $540.7M | ||
| Q3 25 | $1.7B | $616.1M | ||
| Q2 25 | $1.3B | $718.3M | ||
| Q1 25 | $1.3B | $-90.7M | ||
| Q4 24 | $2.0B | $494.5M | ||
| Q3 24 | $1.5B | $521.2M | ||
| Q2 24 | $1.4B | $869.2M |
| Q1 26 | $1.1B | $1.1B | ||
| Q4 25 | $1.7B | $357.8M | ||
| Q3 25 | $1.4B | $483.0M | ||
| Q2 25 | $1.1B | $555.0M | ||
| Q1 25 | $1.1B | $-328.0M | ||
| Q4 24 | $1.5B | $383.4M | ||
| Q3 24 | $1.2B | $350.4M | ||
| Q2 24 | $1.1B | $691.7M |
| Q1 26 | 18.2% | 36.5% | ||
| Q4 25 | 25.5% | 11.4% | ||
| Q3 25 | 22.6% | 13.9% | ||
| Q2 25 | 18.4% | 14.8% | ||
| Q1 25 | 18.4% | -12.2% | ||
| Q4 24 | 23.0% | 11.8% | ||
| Q3 24 | 21.0% | 9.7% | ||
| Q2 24 | 19.7% | 18.0% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 5.9% | ||
| Q3 25 | 4.8% | 3.8% | ||
| Q2 25 | 4.2% | 4.4% | ||
| Q1 25 | 4.3% | 8.8% | ||
| Q4 24 | 7.9% | 3.4% | ||
| Q3 24 | 5.1% | 4.7% | ||
| Q2 24 | 5.0% | 4.6% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 2.27× | ||
| Q3 25 | 1.83× | — | ||
| Q2 25 | 2.41× | 1.68× | ||
| Q1 25 | 1.36× | -0.75× | ||
| Q4 24 | 1.86× | 1.72× | ||
| Q3 24 | 1.85× | 2.61× | ||
| Q2 24 | 1.56× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
