Stock Analysis on Net

Danaher Corp. (NYSE:DHR)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Danaher Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Mar 27, 2026 Dec 31, 2025 Sep 26, 2025 Jun 27, 2025 Mar 28, 2025 Dec 31, 2024 Sep 27, 2024 Jun 28, 2024 Mar 29, 2024 Dec 31, 2023 Sep 29, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jul 1, 2022 Apr 1, 2022 Dec 31, 2021 Oct 1, 2021 Jul 2, 2021 Apr 2, 2021
Cash and equivalents 5,701 4,615 1,528 2,957 1,993 2,078 2,627 2,374 7,031 5,864 12,277 8,575 7,379 5,995 5,150 3,984 3,717 2,586 2,552 7,322 6,330
Trade accounts receivable, less allowance for doubtful accounts 3,819 3,913 3,755 3,564 3,506 3,537 3,507 3,298 3,379 3,922 4,201 4,199 4,313 4,918 4,409 4,527 4,407 4,631 4,194 4,103 3,949
Finished goods 1,360 1,287 1,373 1,383 1,272 1,145 1,353 1,352 1,296 1,282 1,447 1,520 1,620 1,504 1,578 1,608 1,493 1,343 1,367 1,300 1,269
Work in process 504 469 526 525 517 465 498 491 509 459 497 528 542 473 519 530 530 473 465 433 407
Raw materials 744 733 775 781 743 720 827 828 840 853 1,080 1,135 1,221 1,133 1,139 1,119 1,049 951 905 814 748
Inventories 2,608 2,489 2,674 2,689 2,532 2,330 2,678 2,671 2,645 2,594 3,024 3,183 3,383 3,110 3,236 3,257 3,072 2,767 2,737 2,547 2,424
Prepaid expenses and other current assets 1,807 1,739 1,649 1,789 1,494 1,552 1,248 1,266 1,317 1,557 1,703 1,504 1,457 1,860 1,455 1,461 1,474 1,664 1,293 1,420 1,309
Current assets 13,935 12,756 9,606 10,999 9,525 9,497 10,060 9,609 14,372 13,937 21,205 17,461 16,532 15,883 14,250 13,229 12,670 11,648 10,776 15,392 14,012
Property, plant and equipment, net of accumulated depreciation 5,468 5,531 5,376 5,309 5,110 4,990 4,843 4,643 4,562 4,553 4,302 4,176 4,065 3,956 3,719 3,794 3,815 3,790 3,640 3,410 3,266
Other long-term assets 4,210 4,209 3,870 3,692 3,939 3,990 3,685 3,953 3,734 3,644 4,286 4,372 4,611 4,459 4,846 4,600 4,098 3,719 3,470 3,118 2,875
Goodwill 42,765 43,151 42,948 42,991 41,657 40,497 42,173 40,805 40,846 41,608 39,155 39,576 39,856 39,752 38,251 39,276 40,663 41,184 41,237 35,590 34,880
Other intangible assets, net 17,166 17,817 18,097 18,629 18,885 18,568 19,854 19,545 19,888 20,746 18,786 19,317 19,976 20,300 19,964 20,907 22,146 22,843 23,375 20,517 20,393
Long-term assets 69,609 70,708 70,291 70,621 69,591 68,045 70,555 68,946 69,030 70,551 66,529 67,441 68,508 68,467 66,780 68,577 70,722 71,536 71,722 62,635 61,414
Total assets 83,544 83,464 79,897 81,620 79,116 77,542 80,615 78,555 83,402 84,488 87,734 84,902 85,040 84,350 81,030 81,806 83,392 83,184 82,498 78,027 75,426

Based on: 10-Q (reporting date: 2026-03-27), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-26), 10-Q (reporting date: 2025-06-27), 10-Q (reporting date: 2025-03-28), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-27), 10-Q (reporting date: 2024-06-28), 10-Q (reporting date: 2024-03-29), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-29), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-07-01), 10-Q (reporting date: 2022-04-01), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-01), 10-Q (reporting date: 2021-07-02), 10-Q (reporting date: 2021-04-02).


Total assets demonstrate a general upward trend with periodic fluctuations, moving from 75,426 million USD in April 2021 to 83,544 million USD by March 2026. The growth is characterized by a concentration in long-term assets, while current assets exhibit higher volatility primarily driven by fluctuations in cash reserves.

Current Asset Dynamics
Cash and equivalents show significant volatility throughout the period. A notable peak occurred in September 2023 at 12,277 million USD, followed by a sharp decline to a low of 1,528 million USD in September 2025, before recovering to 5,701 million USD by March 2026. This suggests active capital allocation or strategic liquidity management.
Trade accounts receivable remained relatively stable, though a gradual downward trend is observable from a peak of 4,918 million USD in December 2022 to 3,819 million USD in March 2026, indicating potential improvements in collection efficiency or shifts in revenue scale.
Inventories peaked in March 2023 at 3,383 million USD and subsequently stabilized between 2,330 million USD and 2,689 million USD through 2026, suggesting an optimization of stock levels.
Long-Term Asset Composition
Property, plant, and equipment (net) exhibit a consistent and steady increase, rising from 3,266 million USD in April 2021 to 5,468 million USD in March 2026. This linear growth indicates a sustained investment in tangible infrastructure and production capacity.
Goodwill reflects significant growth, increasing from 34,880 million USD in April 2021 to a peak of 43,151 million USD in December 2025. This expansion points toward an active acquisition strategy over the analyzed period.
Other intangible assets (net) show a steady downward trajectory, decreasing from 20,393 million USD in April 2021 to 17,166 million USD in March 2026, which is consistent with the standard amortization of acquired intangible assets.

The overall asset structure reveals a strategic shift toward increased tangible asset investment and the accumulation of goodwill, offset by the systematic amortization of intangible assets. The high variance in current assets, specifically cash, indicates a dynamic approach to liquidity that contrasts with the stable, incremental growth observed in long-term capital investments.

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Assets: Selected Items


Current Assets: Selected Items