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Side-by-side financial comparison of Danaher Corporation (DHR) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Union Pacific Corporation is the larger business by last-quarter revenue ($6.2B vs $6.0B, roughly 1.0× Danaher Corporation). Union Pacific Corporation runs the higher net margin — 27.4% vs 17.3%, a 10.1% gap on every dollar of revenue. On growth, Danaher Corporation posted the faster year-over-year revenue change (3.7% vs 3.2%). Danaher Corporation produced more free cash flow last quarter ($1.1B vs $631.0M). Over the past eight quarters, Danaher Corporation's revenue compounded faster (1.8% CAGR vs 1.7%).
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,...
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
DHR vs UNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.0B | $6.2B |
| Net Profit | $1.0B | $1.7B |
| Gross Margin | 60.3% | — |
| Operating Margin | 22.6% | 39.5% |
| Net Margin | 17.3% | 27.4% |
| Revenue YoY | 3.7% | 3.2% |
| Net Profit YoY | 7.9% | 4.6% |
| EPS (diluted) | $1.45 | $2.87 |
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 | $6.2B | ||
| Q4 25 | $6.8B | $6.1B | ||
| Q3 25 | $6.1B | $6.2B | ||
| Q2 25 | $5.9B | $6.2B | ||
| Q1 25 | $5.7B | $6.0B | ||
| Q4 24 | $6.5B | $6.1B | ||
| Q3 24 | $5.8B | $6.1B | ||
| Q2 24 | $5.7B | $6.0B |
| Q1 26 | $1.0B | $1.7B | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $908.0M | $1.8B | ||
| Q2 25 | $555.0M | $1.9B | ||
| Q1 25 | $954.0M | $1.6B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $818.0M | $1.7B | ||
| Q2 24 | $907.0M | $1.7B |
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | — | ||
| Q3 25 | 58.2% | — | ||
| Q2 25 | 59.3% | — | ||
| Q1 25 | 61.2% | — | ||
| Q4 24 | 59.5% | — | ||
| Q3 24 | 58.7% | — | ||
| Q2 24 | 59.7% | — |
| Q1 26 | 22.6% | 39.5% | ||
| Q4 25 | 22.0% | 39.5% | ||
| Q3 25 | 19.1% | 40.8% | ||
| Q2 25 | 12.8% | 41.0% | ||
| Q1 25 | 22.2% | 39.3% | ||
| Q4 24 | 21.8% | 41.3% | ||
| Q3 24 | 16.5% | 39.7% | ||
| Q2 24 | 20.3% | 40.0% |
| Q1 26 | 17.3% | 27.4% | ||
| Q4 25 | 17.5% | 30.4% | ||
| Q3 25 | 15.0% | 28.6% | ||
| Q2 25 | 9.3% | 30.5% | ||
| Q1 25 | 16.6% | 27.0% | ||
| Q4 24 | 16.6% | 28.8% | ||
| Q3 24 | 14.1% | 27.4% | ||
| Q2 24 | 15.8% | 27.9% |
| Q1 26 | $1.45 | $2.87 | ||
| Q4 25 | $1.69 | $3.12 | ||
| Q3 25 | $1.27 | $3.01 | ||
| Q2 25 | $0.77 | $3.15 | ||
| Q1 25 | $1.32 | $2.70 | ||
| Q4 24 | $1.50 | $2.91 | ||
| Q3 24 | $1.12 | $2.75 | ||
| Q2 24 | $1.22 | $2.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $735.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | — | $69.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $735.0M | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $808.0M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $947.0M | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $30.3B | ||
| Q3 25 | $16.9B | $30.3B | ||
| Q2 25 | $17.4B | $30.3B | ||
| Q1 25 | $16.5B | $30.6B | ||
| Q4 24 | $16.0B | $29.8B | ||
| Q3 24 | $17.5B | $29.8B | ||
| Q2 24 | $17.0B | $31.2B |
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $18.5B | ||
| Q3 25 | $51.1B | $17.3B | ||
| Q2 25 | $52.3B | $16.3B | ||
| Q1 25 | $50.8B | $16.0B | ||
| Q4 24 | $49.5B | $16.9B | ||
| Q3 24 | $51.3B | $16.6B | ||
| Q2 24 | $49.9B | $16.5B |
| Q1 26 | — | $69.6B | ||
| Q4 25 | $83.5B | $69.7B | ||
| Q3 25 | $79.9B | $68.6B | ||
| Q2 25 | $81.6B | $68.6B | ||
| Q1 25 | $79.1B | $68.5B | ||
| Q4 24 | $77.5B | $67.7B | ||
| Q3 24 | $80.6B | $67.6B | ||
| Q2 24 | $78.6B | $67.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 1.64× | ||
| Q3 25 | 0.33× | 1.75× | ||
| Q2 25 | 0.33× | 1.86× | ||
| Q1 25 | 0.32× | 1.91× | ||
| Q4 24 | 0.32× | 1.76× | ||
| Q3 24 | 0.34× | 1.79× | ||
| Q2 24 | 0.34× | 1.89× |
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 | $631.0M |
| FCF MarginFCF / Revenue | 18.2% | 10.1% |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | 1.28× | — |
| TTM Free Cash FlowTrailing 4 quarters | $5.3B | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.3B | $2.3B | ||
| Q1 25 | $1.3B | $2.2B | ||
| Q4 24 | $2.0B | $2.7B | ||
| Q3 24 | $1.5B | $2.7B | ||
| Q2 24 | $1.4B | $1.9B |
| Q1 26 | $1.1B | $631.0M | ||
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.1B | $1.0B |
| Q1 26 | 18.2% | 10.1% | ||
| Q4 25 | 25.5% | 20.1% | ||
| Q3 25 | 22.6% | 25.2% | ||
| Q2 25 | 18.4% | 22.7% | ||
| Q1 25 | 18.4% | 21.6% | ||
| Q4 24 | 23.0% | 28.4% | ||
| Q3 24 | 21.0% | 29.9% | ||
| Q2 24 | 19.7% | 16.8% |
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 16.4% | ||
| Q3 25 | 4.8% | 15.2% | ||
| Q2 25 | 4.2% | 15.2% | ||
| Q1 25 | 4.3% | 15.0% | ||
| Q4 24 | 7.9% | 15.1% | ||
| Q3 24 | 5.1% | 13.6% | ||
| Q2 24 | 5.0% | 15.0% |
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 1.20× | ||
| Q3 25 | 1.83× | 1.41× | ||
| Q2 25 | 2.41× | 1.24× | ||
| Q1 25 | 1.36× | 1.36× | ||
| Q4 24 | 1.86× | 1.51× | ||
| Q3 24 | 1.85× | 1.59× | ||
| Q2 24 | 1.56× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHR
Segment breakdown not available.
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
