DHR vs LHX
Danaher Corp. and L3harris Technologies, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DHR | LHX |
|---|---|---|
| Revenue | $24.6B | $21.9B |
| Net income | $3.6B | $1.6B |
| Gross margin | 59.1% | · |
| Net margin | 14.7% | 7.3% |
| Return on equity | 7.1% | 8.2% |
| Diluted EPS | $5.05 | $8.53 |
| Dividend / share | · | $4.80 |
| Payout ratio | 24.3% | 56.2% |
| Free cash flow | $5.3B | $2.7B |
| Equity | $52.5B | $19.6B |
| Net debt / equity | 0.26× | 0.48× |
| Current ratio | 1.87× | 1.19× |
| Revenue CAGR 5y | 2.0% | 3.7% |
| Profit CAGR 5y | −0.2% | 7.5% |
DHR and LHX book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (14.7% against 7.3%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | DHR | LHX |
|---|---|---|
| FY2025 | $24.6B | $21.9B |
| FY2024 | $23.9B | $21.3B |
| FY2023 | $23.9B | $19.4B |
| FY2022 | $26.6B | $17.1B |
| FY2021 | $24.8B | $17.8B |
| FY2020 | $22.3B | $18.2B |
| FY2019 | $17.9B | $12.9B |
| FY2018 | $17.0B | $6.8B |
| FY2017 | $15.5B | $6.2B |
| FY2016 | $16.9B | $5.9B |
Bottom line
| Fiscal year | DHR | LHX |
|---|---|---|
| FY2025 | $3.6B | $1.6B |
| FY2024 | $3.9B | $1.5B |
| FY2023 | $4.8B | $1.2B |
| FY2022 | $7.2B | $1.1B |
| FY2021 | $6.4B | $1.8B |
| FY2020 | $3.6B | $1.1B |
| FY2019 | $3.0B | $1.3B |
| FY2018 | $2.7B | $949.0M |
| FY2017 | $2.5B | $699.0M |
| FY2016 | $2.6B | $543.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$2,703,000,000 | DHR |
| FY2024 | +$2,550,000,000 | DHR |
| FY2023 | +$4,471,000,000 | DHR |
| FY2022 | +$9,581,000,000 | DHR |
| FY2021 | +$6,988,000,000 | DHR |
| FY2020 | +$4,090,000,000 | DHR |
| FY2019 | +$5,055,000,000 | DHR |
| FY2018 | +$10,248,000,000 | DHR |
| FY2017 | +$9,350,800,000 | DHR |
| FY2016 | +$10,985,400,000 | DHR |
| FY2014 | +$8,981,900,000 | DHR |
| FY2013 | +$13,271,100,000 | DHR |
| FY2012 | +$13,148,400,000 | DHR |
| FY2011 | +$10,639,200,000 | DHR |
| FY2010 | +$12,360,800,000 | DHR |
| FY2008 | +$7,692,456,000 | DHR |
| FY2007 | +$6,429,817,000 | DHR |
DHR has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +7.4 pp | DHR |
| FY2024 | +9.2 pp | DHR |
| FY2023 | +13.8 pp | DHR |
| FY2022 | +20.8 pp | DHR |
| FY2021 | +15.6 pp | DHR |
| FY2020 | +10.4 pp | DHR |
| FY2019 | +6.3 pp | DHR |
| FY2018 | +1.6 pp | DHR |
| FY2017 | +4.7 pp | DHR |
| FY2016 | +5.9 pp | DHR |
| FY2014 | +11.6 pp | DHR |
| FY2013 | +4.1 pp | DHR |
| FY2012 | +11.0 pp | DHR |
| FY2011 | +13.0 pp | DHR |
| FY2010 | −296.0 pp | LHX |
| FY2008 | +12.9 pp | DHR |
| FY2007 | +2.9 pp | DHR |
The higher net margin has changed hands between DHR and LHX over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LHX's net margin has been more volatile than DHR's over the 17 comparable fiscal years — 71.4 percentage points of standard deviation against 4.3.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DHR and LHX over these 17 fiscal years — DHR led in 16 and LHX in 1.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LHX's return on equity has been more volatile than DHR's over the 16 comparable fiscal years — 9.1 percentage points of standard deviation against 2.5.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between DHR and LHX over these 16 fiscal years — DHR led in 8 and LHX in 8.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.