Agilent Technologies vs Danaher
Danaher reported revenue of $24.6 billion in fiscal 2025, 3.5 times Agilent Technologies' $6.9 billion in fiscal 2025. Agilent Technologies' revenue grew 6.7% in its latest year, and Danaher's grew 2.9%. Agilent Technologies had an operating margin of 21.3%, against 19.1% at Danaher. Free cash flow was $1.2 billion at Agilent Technologies and $5.3 billion at Danaher. Their fiscal years end in different months (October 31 and December 31), so the periods don't line up exactly.
Side by side
| Agilent Technologies | Danaher | |
|---|---|---|
| Latest fiscal year | FY2025, Oct 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $6.9B | $24.6B |
| Revenue growth | 6.7% | 2.9% |
| Revenue growth a year, last 5 years | 5.4% | 2.0% |
| Gross margin | 52.4% | 59.1% |
| Operating margin | 21.3% | 19.1% |
| Net margin | 18.8% | 14.7% |
| Free cash flow | $1.2B | $5.3B |
| Free cash flow margin | 16.6% | 21.4% |
| Return on capital | 16.5% | 6.1% |
| Net debt to EBITDA | 0.9x | 1.9x |
| Dividends and buybacks | $707M | $4.0B |
| Change in diluted share count | −2.1% | −2.9% |
| Last close | $175.96 | $232.97 |
| P/E at the last close | 34.7× | 38.1× |
| Insider trades, last 12 months | sold $3.2 million | sold $257.9 million |
| Piotroski F-score | 5 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Agilent TechnologiesDanaher
Operating margin
Percent of revenue
Agilent TechnologiesDanaher
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Agilent TechnologiesDanaher
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Agilent Technologies and Danaher pages.