Flagship explainer

How DANAHER CORPORATION makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$24.6B · 100%Cost of revenue$10.0B · 41%Gross profit$14.5B · 59%Operating income$4.7B · 19%Income before tax$4.2B · 17%Income tax$633M · 3%Net income$3.6B · 15%As of 2025-12-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$24.6B100%
Cost of revenue$10.0B41%
$14.5B59%
$4.7B19%
Income before tax$4.2B17%
Income tax$633M3%
$3.6B15%
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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