DHR - Danaher Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$242.30
DETAILS
HIGH:
$270.00
LOW:
$200.00
MEDIAN:
$247.00
CONSENSUS:
$242.30
UPSIDE:
40.87%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 24,568 | 23,875 | 23,890 | 26,643 | 29,453 | 22,284 | 17,911.1 | 17,048.5 | 18,329.7 | 16,882.4 | 14,433.7 | 19,913.8 | 19,118 | 18,260.4 | 16,090.5 | 13,202.6 | 11,184.9 | 12,697.5 | 11,025.9 | 9,596.4 | 7,984.7 | 6,889.3 | 5,293.9 | 4,577.2 | 3,782.4 | 3,777.8 | 3,197.2 | 2,910 | 2,051 | 1,811.9 | 1,486.8 | 1,288.7 | 1,067.1 |
| Cost of Revenue | 9,598 | 9,669 | 9,856 | 10,455 | 11,501 | 9,809 | 7,927.4 | 7,543.2 | 8,099.2 | 7,499.4 | 6,519.7 | 9,425.4 | 9,133.9 | 8,812 | 7,846.0 | 6,575.8 | 5,782.9 | 6,724.1 | 5,985.0 | 5,353.0 | 4,539.7 | 3,996.6 | 3,154.8 | 2,791.2 | 2,338.0 | 2,166.0 | 1,834.4 | 1,712.4 | 1,306.4 | 1,171.2 | 981.1 | 889.7 | 753 |
| Gross Profit | 14,970 | 14,206 | 14,034 | 16,188 | 17,952 | 12,475 | 9,983.7 | 9,505.3 | 10,230.5 | 9,383 | 7,914 | 10,488.4 | 9,984.1 | 9,448.4 | 8,244.6 | 6,626.8 | 5,402.0 | 5,973.3 | 5,040.9 | 4,243.4 | 3,445.0 | 2,892.7 | 2,139.1 | 1,786.1 | 1,444.4 | 1,611.8 | 1,362.8 | 1,197.6 | 744.6 | 640.7 | 505.7 | 399 | 314.1 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 1,598 | 1,584 | 1,503 | 1,528 | 1,742 | 1,348 | 1,126 | 1,059.2 | 1,128.8 | 975.1 | 861.4 | 1,314.2 | 1,249.9 | 1,137.9 | 1,018.5 | 809.5 | 632.7 | 725.4 | 601.4 | 446 | 379 | 294 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 8,235 | 7,438 | 7,252 | 7,124 | 8,160 | 6,815 | 5,495.3 | 5,376 | 5,952.2 | 5,420.6 | 4,634.9 | 5,571.8 | 5,366.3 | 5,114.6 | 4,488.3 | 3,583.7 | 3,036.5 | 3,296.4 | 2,713.1 | 2,291.3 | 1,791.8 | 1,501.7 | 1,315.6 | 1,091.2 | 872.7 | 909.9 | 778.4 | 722.1 | 401.6 | 345.9 | 266.9 | 208.5 | 180.2 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (22.5) | 0 | 0 | 149.7 | 126.4 | 108.7 | 76.1 | 68.6 | 58.5 | 44.6 | 40.9 |
| Operating Expenses | 9,833 | 9,022 | 8,755 | 8,652 | 9,902 | 8,163 | 6,621.3 | 6,435.2 | 7,081 | 6,395.7 | 5,496.3 | 6,886 | 6,616.2 | 6,252.5 | 5,506.8 | 4,393.2 | 3,669.2 | 4,021.9 | 3,314.5 | 2,737.3 | 2,170.8 | 1,795.7 | 1,293.1 | 1,091.2 | 872.7 | 1,059.6 | 904.8 | 830.8 | 477.7 | 414.5 | 325.4 | 253.1 | 221.1 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 5,137 | 5,184 | 5,279 | 7,536 | 8,050 | 4,312 | 3,362.4 | 3,070.1 | 3,149.5 | 2,987.3 | 2,417.7 | 3,602.4 | 3,367.9 | 3,195.9 | 2,737.7 | 2,233.6 | 1,732.9 | 1,951.4 | 1,726.4 | 1,506.1 | 1,274.3 | 1,097.0 | 846.0 | 701.1 | 502.0 | 552.1 | 458 | 366.8 | 266.9 | 226.2 | 180.3 | 145.9 | 93 |
| Interest Expense | 265 | 278 | 289 | 207 | 241 | 273 | 108.6 | 136.9 | 162.7 | 184.4 | 139.8 | 122.7 | 145.9 | 157.5 | 141.6 | 120.8 | 122.7 | 130.2 | 109.7 | 79.8 | 44.9 | 55.0 | 0 | 43.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 30 | 117 | 303 | 41 | 11 | 71 | 139 | 9.2 | 7.5 | 0.2 | 4.6 | 16.7 | 5.7 | 3.2 | 5.1 | 6.1 | 5.0 | 10.0 | 6.1 | 8.0 | 14.7 | 7.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 6,945 | 7,276 | 7,499 | 9,485 | 10,007 | 6,543 | 4,603.4 | 4,276.5 | 4,339.8 | 3,923.8 | 3,060 | 4,543 | 4,606.9 | 4,008.1 | 3,224.4 | 2,860.6 | 1,889.1 | 2,218.8 | 2,015.3 | 1,743.2 | 1,456.3 | 1,268.8 | 979.4 | 824.4 | 750.1 | 701.9 | 584.4 | 498.7 | 343 | 294.8 | 238.8 | 190.5 | 133.9 |
| EBIT | 4,498 | 4,924 | 5,333 | 7,353 | 7,839 | 4,768 | 3,413.9 | 3,098.8 | 3,101.5 | 2,795.7 | 2,179.2 | 3,604.5 | 3,711.9 | 3,168.3 | 2,589.5 | 2,463.5 | 1,547.5 | 1,879.5 | 1,746.8 | 1,526.0 | 1,279.4 | 1,112.7 | 846.0 | 694.8 | 571.7 | 552.1 | 458 | 384.2 | 319.3 | 267.4 | 180.3 | 145.9 | 93 |
| Income Before Tax | 4,233 | 4,646 | 5,044 | 7,146 | 7,598 | 4,495 | 3,305.3 | 2,961.9 | 2,938.8 | 2,611.3 | 2,039.4 | 3,481.8 | 3,566 | 3,010.8 | 2,447.8 | 2,342.7 | 1,424.9 | 1,749.3 | 1,637.1 | 1,446.2 | 1,234.4 | 1,057.7 | 797.0 | 657.5 | 476.3 | 522.9 | 429.5 | 301.1 | 253.8 | 209.8 | 173.1 | 136.6 | 91 |
| Income Tax Expense | 619 | 747 | 823 | 818 | 1,251 | 849 | 873 | 555.6 | 469 | 457.9 | 292.7 | 883.4 | 871 | 711.5 | 512.6 | 549.7 | 273.1 | 431.7 | 423.1 | 324.1 | 336.6 | 311.7 | 260.2 | 223.3 | 178.6 | 198.7 | 167.9 | 118.2 | 99 | 81.8 | 67.3 | 54.9 | 37.3 |
| Net Income | 3,614 | 3,899 | 4,764 | 7,209 | 6,433 | 3,646 | 2,557.2 | 2,650.9 | 2,492.1 | 2,553.7 | 2,596.9 | 2,598.4 | 2,695 | 2,298.5 | 1,970.6 | 1,793 | 1,151.7 | 1,317.6 | 1,220.3 | 1,122.0 | 897.8 | 746 | 536.8 | 290.4 | 297.7 | 324.2 | 261.6 | 182.9 | 154.8 | 207.8 | 108.4 | 81.7 | 17.7 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 5.07 | 5.33 | 6.44 | 9.80 | 8.77 | 4.97 | 3.48 | 3.78 | 3.58 | 3.69 | 4.81 | 3.70 | 3.87 | 3.45 | 3.21 | 2.74 | 1.80 | 2.07 | 2.20 | 1.82 | 1.46 | 1.21 | 0.88 | 0.48 | 0.52 | 0.57 | 0.46 | 0.34 | 0.33 | 0.44 | 0.23 | 0.18 | 0.04 |
| EPS (Diluted) | 5.04 | 5.29 | 6.38 | 9.64 | 8.61 | 4.89 | 3.43 | 3.73 | 3.53 | 3.65 | 4.74 | 3.63 | 3.80 | 3.36 | 3.11 | 2.64 | 1.73 | 1.98 | 2.10 | 1.74 | 1.38 | 1.15 | 0.84 | 0.47 | 0.50 | 0.56 | 0.45 | 0.33 | 0.32 | 0.43 | 0.23 | 0.18 | 0.04 |
| Shares Outstanding | 707.3 | 731 | 736.5 | 725.1 | 714.6 | 706.2 | 715 | 700.6 | 695.8 | 691.2 | 698.1 | 702.2 | 696 | 693.4 | 676.2 | 653.2 | 641.5 | 638.7 | 622.5 | 616.0 | 617.8 | 617.9 | 613.6 | 600.9 | 574.5 | 569.9 | 567.3 | 559.3 | 571.5 | 532.3 | 471.3 | 460.5 | 442.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 4,615 | 2,078 | 5,864 | 5,995 | 2,586 | 6,035 | 19,912.3 | 787.8 | 630.3 | 963.7 | 1,721.9 | 392.9 | 609.1 | 1,230.2 | 810.5 | 706.6 | 176.9 | 260.3 | 41.9 | 33.3 | 26.4 | 7.9 | 2 | 6.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 3,913 | 4,390 | 4,637 | 5,064 | 5,443 | 4,810 | 3,268.4 | 3,111.8 | 3,521.8 | 3,186.1 | 1,916.8 | 1,894.6 | 1,231.1 | 868.1 | 759.0 | 585.3 | 704.2 | 544.7 | 467.1 | 322.6 | 266.7 | 224.7 | 193.4 | 135.4 |
| Inventory | 2,489 | 2,330 | 2,594 | 2,765 | 2,767 | 2,292 | 1,628.3 | 1,631.4 | 1,840.8 | 1,709.4 | 993.0 | 1,142.3 | 704.0 | 536.2 | 485.6 | 408.2 | 460.6 | 324.7 | 323.5 | 209.4 | 204.2 | 201.9 | 142.4 | 107.6 |
| Other Current Assets | 1,739 | 79 | 71 | 1,359 | 82 | 665 | 787.6 | 1,562.8 | 857.1 | 805.9 | 588.9 | 0 | 374.5 | 0 | 0 | 0 | 132.6 | 72.4 | 54.4 | 53 | 49.4 | 32 | 50.9 | 28 |
| Total Current Assets | 12,756 | 9,497 | 13,937 | 15,883 | 11,648 | 13,802 | 25,596.6 | 7,093.8 | 6,850 | 6,665.1 | 5,220.6 | 4,187.1 | 2,918.7 | 2,942.2 | 2,387.3 | 1,874.6 | 1,474.3 | 1,202.1 | 886.9 | 618.3 | 546.7 | 466.5 | 388.7 | 277.8 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 5,531 | 6,074 | 5,605 | 4,593 | 4,831 | 4,204 | 3,065.7 | 2,249.6 | 2,454.6 | 2,354 | 1,143.3 | 1,108.7 | 753.0 | 573.4 | 597.4 | 533.6 | 575.5 | 500.2 | 471 | 335.2 | 319.6 | 291.9 | 273.1 | 235.7 |
| Goodwill | 43,151 | 40,497 | 41,608 | 37,276 | 41,184 | 35,420 | 22,712.5 | 22,580.5 | 25,138.6 | 23,826.9 | 9,817.9 | 9,210.6 | 3,970.3 | 0 | 0 | 2,292.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 17,817 | 18,568 | 20,746 | 19,821 | 22,843 | 21,282 | 9,749.7 | 10,282.8 | 11,667.1 | 11,818 | 2,655.5 | 2,519.4 | 760.3 | 3,342.0 | 3,007.7 | 0 | 1,863.9 | 1,292.3 | 1,284.6 | 853.4 | 792.8 | 608.1 | 442.7 | 337.6 |
| Long-Term Investments | 0 | 1,815 | 1,696 | 2,164 | 1,320 | 27 | 33.7 | 38.3 | 45.4 | 170.1 | 219.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4,209 | 1,091 | 896 | 4,613 | 1,358 | 1,426 | 923.4 | 5,587.5 | 492.9 | 461.2 | 538.9 | 464.4 | 91.7 | 32.6 | 36.8 | 119.6 | 117.9 | 52.5 | 96.2 | 72.8 | 106 | 119.5 | 30.4 | 21.4 |
| Total Non-Current Assets | 70,708 | 68,045 | 70,551 | 68,467 | 71,536 | 62,359 | 36,485 | 40,738.7 | 39,798.6 | 38,630.2 | 14,374.8 | 13,303.0 | 5,575.2 | 3,947.9 | 3,641.9 | 2,945.9 | 2,557.4 | 1,845 | 1,851.8 | 1,261.4 | 1,218.4 | 1,019.5 | 746.2 | 594.7 |
| Total Assets | 83,464 | 77,542 | 84,488 | 84,350 | 83,184 | 76,161 | 62,081.6 | 47,832.5 | 46,648.6 | 45,295.3 | 19,595.4 | 17,490.1 | 8,493.9 | 6,890.1 | 6,029.1 | 4,820.5 | 4,031.7 | 3,047.1 | 2,738.7 | 1,879.7 | 1,765.1 | 1,486 | 1,134.9 | 872.5 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 1,844 | 1,753 | 1,766 | 1,856 | 2,569 | 2,049 | 1,514.4 | 1,495.4 | 1,509.9 | 1,485 | 1,051.5 | 1,109.0 | 612.1 | 473.0 | 366.6 | 235.5 | 262.1 | 213.2 | 161.8 | 152.1 | 110.2 | 92.3 | 94.6 | 72.4 |
| Short-Term Debt | 2 | 505 | 1,875 | 758 | 215 | 200 | 370.2 | 51.8 | 194.7 | 2,594.8 | 44.2 | 66.2 | 424.8 | 14.4 | 112.5 | 72.4 | 81.6 | 33.6 | 59.6 | 35.5 | 16.8 | 15 | 68.8 | 2.2 |
| Deferred Revenue | 0 | 1,299 | 1,465 | 1,456 | 1,613 | 1,212 | 687.8 | 626.8 | 666 | 539.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4,961 | 1,343 | 1,402 | 2,476 | 1,593 | 1,927 | 921.1 | 1,408.5 | 978.5 | 954.7 | 944.1 | 0 | 491.2 | 0 | 0 | 0 | 674.8 | 462.0 | 467.3 | 336.6 | 347.6 | 296.8 | 232.8 | 160.8 |
| Total Current Liabilities | 6,807 | 6,798 | 8,274 | 8,389 | 8,140 | 7,402 | 4,932.1 | 4,841.5 | 4,792.3 | 6,874 | 2,761.0 | 2,745.1 | 2,202.3 | 1,380.0 | 1,265.3 | 1,017.3 | 1,018.5 | 708.8 | 688.7 | 524.2 | 474.6 | 404.1 | 396.2 | 235.4 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 18,416 | 15,500 | 16,707 | 19,086 | 22,168 | 21,193 | 21,517 | 9,688.5 | 10,327.4 | 9,674.2 | 2,889.0 | 2,553.2 | 925.5 | 1,284.5 | 1,197.4 | 1,119.3 | 713.6 | 341 | 412.9 | 162.7 | 219.6 | 268.6 | 116.5 | 131.4 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5,707 | 4,494 | 4,814 | 5,792 | 6,597 | 6,799 | 4,593.7 | 4,966 | 5,056.2 | 5,577.6 | 2,315.3 | 2,383.3 | 746.4 | 578.8 | 556.8 | 455.3 | 357.2 | 288.5 | 285.3 | 275.9 | 270.6 | 227 | 146.1 | 142 |
| Total Non-Current Liabilities | 24,123 | 21,194 | 22,724 | 25,871 | 29,867 | 28,982 | 26,867.6 | 14,764.3 | 15,488.5 | 15,344.5 | 5,204.3 | 4,936.5 | 1,671.9 | 1,863.3 | 1,754.2 | 1,574.6 | 1,070.8 | 629.5 | 698.2 | 438.6 | 490.2 | 495.6 | 262.6 | 273.4 |
| Total Liabilities | 30,930 | 27,992 | 30,998 | 34,260 | 38,007 | 36,384 | 31,799.7 | 19,605.8 | 20,280.8 | 22,218.5 | 7,965.2 | 7,681.6 | 3,874.2 | 3,243.3 | 3,019.5 | 2,591.9 | 2,089.3 | 1,338.3 | 1,386.9 | 962.8 | 964.8 | 899.7 | 658.8 | 508.8 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 9 | 9 | 9 | 9 | 9 | 9 | 8.4 | 8.2 | 8.1 | 8.1 | 3.6 | 3.5 | 3.4 | 1.7 | 1.7 | 1.6 | 1.6 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 46,891 | 44,188 | 41,074 | 39,205 | 32,827 | 27,159 | 24,166.3 | 25,163 | 22,806.1 | 20,703.5 | 9,205.1 | 8,095.2 | 3,448.1 | 2,719.9 | 2,198.3 | 1,921.5 | 1,635.5 | 1,321.3 | 978.7 | 655.7 | 506.8 | 304.4 | 200.7 | 123.1 |
| Accumulated Other Comprehensive Income | (207) | (3,218) | (1,748) | (2,872) | (1,027) | (368) | (3,068.3) | (2,791.1) | (1,994.2) | (3,021.7) | 346.9 | (103.1) | 116.0 | (74.6) | (106.0) | (69.7) | (59.1) | (34.1) | (441.6) | (263.2) | (218.8) | (168.6) | (148.6) | (122.6) |
| Total Stockholders' Equity | 52,534 | 49,543 | 53,486 | 50,082 | 45,167 | 39,766 | 30,270.6 | 28,214.4 | 26,358.2 | 23,002.8 | 11,630.2 | 9,808.6 | 4,619.7 | 3,646.7 | 3,009.6 | 2,228.6 | 1,942.3 | 1,708.8 | 1,351.8 | 916.9 | 800.3 | 586.3 | 476.1 | 363.7 |
| Total Liabilities & Equity | 83,464 | 77,542 | 84,488 | 84,350 | 83,184 | 76,161 | 62,081.6 | 47,832.5 | 46,648.6 | 45,295.3 | 19,595.4 | 17,490.1 | 8,493.9 | 6,890.1 | 6,029.1 | 4,820.5 | 4,031.7 | 3,047.1 | 2,738.7 | 1,879.7 | 1,765.1 | 1,486 | 1,134.9 | 872.5 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 18,418 | 17,146 | 19,536 | 20,616 | 23,272 | 22,178 | 22,526 | 9,740.3 | 10,522.1 | 12,269 | 2,933.2 | 2,619.3 | 1,350.3 | 1,298.9 | 1,310.0 | 1,191.7 | 795.2 | 374.6 | 472.5 | 198.2 | 236.4 | 283.6 | 185.3 | 133.6 |
| Net Debt | 13,803 | 15,068 | 13,672 | 14,621 | 20,686 | 16,143 | 2,613.7 | 8,952.5 | 9,891.8 | 11,305.3 | 1,211.3 | 2,226.5 | 741.2 | 68.7 | 499.5 | 485.1 | 618.3 | 114.3 | 430.6 | 164.9 | 210 | 275.7 | 183.3 | 126.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 3,614 | 3,899 | 4,221 | 7,209 | 6,347 | 3,646 | 2,432.3 | 2,650.9 | 2,469.8 | 2,153.4 | 897.8 | 746 | 536.8 | 290.4 | 297.7 | 324.2 | 261.6 | 182.9 | 154.8 | 207.8 | 108.4 | 81.7 | 53.7 |
| Depreciation & Amortization | 2,447 | 2,352 | 2,166 | 2,222 | 2,168 | 1,775 | 1,189.5 | 1,307.7 | 1,238.3 | 1,128.1 | 177.0 | 156.1 | 133.4 | 129.6 | 178.4 | 149.7 | 126.4 | 108.7 | 76.1 | 68.6 | 58.5 | 44.6 | 40.9 |
| Stock-Based Compensation | 298 | 288 | 306 | 295 | 184 | 187 | 158.8 | 151.4 | 139.4 | 129.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (710) | 266 | (393) | (1,519) | (658) | 605 | (123.2) | (90.1) | (353) | (279.2) | 129.0 | 131.1 | 191.3 | 146.6 | 132.4 | 38.3 | 31.1 | 2.3 | (11.9) | 37.5 | (35.1) | (12.6) | 41.2 |
| Other Non-Cash Items | 1,207 | (117) | 864 | 830 | 601 | 457 | 709.4 | 197.2 | 410.2 | 773.6 | 0 | 0 | 0 | 143.8 | 0 | 0 | 0 | 37.4 | 59.4 | (96.8) | 42.4 | 30.7 | 0 |
| Operating Cash Flow | 6,416 | 6,688 | 7,164 | 8,519 | 8,358 | 6,208 | 3,951.6 | 4,022 | 3,477.8 | 3,521.8 | 1,203.8 | 1,033.2 | 861.5 | 710.3 | 608.5 | 512.2 | 419.1 | 331.3 | 278.4 | 217.1 | 174.2 | 144.4 | 135.8 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (1,156) | (1,392) | (1,383) | (1,152) | (1,294) | (791) | (635.5) | (584) | (570.7) | (589.6) | (121.2) | (115.9) | (80.3) | (65.4) | (80.6) | (88.5) | (153.7) | (616) | (62.8) | (51.3) | (59.2) | (54.5) | (40.3) |
| Acquisitions | 0 | 0 | (5,610) | (637) | (10,935) | (20,145) | (331.3) | (2,173.3) | (385.8) | (4,880.1) | (885.1) | (1,591.7) | (312.3) | (1,158.1) | (407.0) | (706.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (127) | (331) | (172) | (523) | (934) | (342) | (241) | (148.9) | 247.9 | 4,615.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 240 | 253 | 61 | 18 | 126 | 13 | (59.2) | 22.2 | 137.9 | 264.8 | 0 | 43.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (153) | (511) | 23 | 60 | 50 | 26 | 28.9 | (65) | (272.7) | (4,653.4) | 40.9 | 30.9 | 24.6 | 79.0 | 0 | 0 | 0 | 16.3 | (147.2) | (91.4) | (207.9) | (144.2) | (54) |
| Investing Cash Flow | (1,196) | (1,981) | (7,081) | (2,234) | (12,987) | (21,239) | (1,238.1) | (2,949) | (843.4) | (5,243) | (965.4) | (1,633.6) | (368.1) | (1,144.5) | (487.6) | (795.3) | (153.7) | (599.7) | (210) | (142.7) | (267.1) | (198.7) | (94.3) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 1,045 | (1,669) | (1,626) | (1,688) | 1,967 | (1,900) | 13,350.1 | (442) | (2,664.8) | 2,790.3 | (292.2) | (66.3) | (145.5) | 17.7 | 410.5 | 266.1 | (129.9) | 214.9 | (10.8) | (55.4) | 98.3 | 51.7 | (35.2) |
| Stock Repurchased | (3,088) | (5,979) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (257.7) | 0 | 0 | 0 | (17.3) | (82.2) | 0 | (2.1) | (80.2) | (12.1) | 0 | 0 | 0 |
| Dividends Paid | (878) | (768) | (821) | (818) | (742) | (615) | (526.7) | (433.4) | (378.3) | (399.8) | (21.6) | (17.7) | (15.3) | (13.5) | (11.7) | (10.0) | (9.9) | (10.5) | (5.9) | (5.1) | (4.7) | (3.4) | (2.6) |
| Other Financing Activities | (125) | (131) | 2,106 | (95) | (16) | (29) | (274.7) | (17.6) | (124.2) | (512.3) | 0 | 0 | (15.3) | 0 | 0 | 0 | 0.1 | 7.8 | (8.7) | (6.1) | 0 | 0 | 0.1 |
| Financing Cash Flow | (2,961) | (8,385) | (273) | (2,570) | 1,295 | 1,006 | 16,365.9 | (797) | (3,098.5) | 2,042.7 | (511.6) | (38.1) | (110.3) | 516.3 | 409.7 | 200.5 | (51.8) | 238.3 | (61.3) | (56.1) | 97.2 | 49.3 | (36.4) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | 2,537 | (3,786) | (131) | 3,409 | (3,449) | (13,877) | 19,124.5 | 157.7 | (333.4) | 172.9 | (293.6) | (621.0) | 419.7 | 103.9 | 529.6 | (83.4) | 212.5 | (28.9) | 6.9 | 18.4 | 4.4 | (4.7) | (36.4) |
| Cash at Beginning | 2,078 | 5,864 | 5,995 | 2,586 | 6,035 | 19,912 | 787.8 | 630.3 | 963.7 | 790.8 | 609.1 | 1,230.2 | 810.5 | 706.6 | 176.9 | 260.3 | 47.8 | 70.8 | 26.4 | 7.9 | 3.6 | 6.9 | 1.7 |
| Cash at End | 4,615 | 2,078 | 5,864 | 5,995 | 2,586 | 6,035 | 19,912.3 | 788 | 630.3 | 963.7 | 315.6 | 609.1 | 1,230.2 | 810.5 | 706.6 | 176.9 | 260.3 | 41.9 | 33.3 | 26.3 | 8 | 2.2 | (34.7) |
| Free Cash Flow | 5,260 | 5,296 | 5,781 | 7,367 | 7,064 | 5,417 | 3,316.1 | 3,438 | 2,907.1 | 2,932.2 | 1,082.6 | 917.3 | 781.2 | 644.9 | 527.9 | 423.7 | 265.4 | (284.7) | 215.6 | 165.8 | 115 | 89.9 | 95.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 24,568 | 23,875 | 23,890 | 26,643 | 29,453 | 22,284 | 17,911.1 | 17,048.5 | 18,329.7 | 16,882.4 | 14,433.7 | 19,913.8 | 19,118 | 18,260.4 | 16,090.5 | 13,202.6 | 11,184.9 | 12,697.5 | 11,025.9 | 9,596.4 | 7,984.7 | 6,889.3 | 5,293.9 | 4,577.2 | 3,782.4 | 3,777.8 | 3,197.2 | 2,910 | 2,051 | 1,811.9 | 1,486.8 | 1,288.7 | 1,067.1 |
| Gross Profit | 14,970 | 14,206 | 14,034 | 16,188 | 17,952 | 12,475 | 9,983.7 | 9,505.3 | 10,230.5 | 9,383 | 7,914 | 10,488.4 | 9,984.1 | 9,448.4 | 8,244.6 | 6,626.8 | 5,402.0 | 5,973.3 | 5,040.9 | 4,243.4 | 3,445.0 | 2,892.7 | 2,139.1 | 1,786.1 | 1,444.4 | 1,611.8 | 1,362.8 | 1,197.6 | 744.6 | 640.7 | 505.7 | 399 | 314.1 |
| Operating Income | 5,137 | 5,184 | 5,279 | 7,536 | 8,050 | 4,312 | 3,362.4 | 3,070.1 | 3,149.5 | 2,987.3 | 2,417.7 | 3,602.4 | 3,367.9 | 3,195.9 | 2,737.7 | 2,233.6 | 1,732.9 | 1,951.4 | 1,726.4 | 1,506.1 | 1,274.3 | 1,097.0 | 846.0 | 701.1 | 502.0 | 552.1 | 458 | 366.8 | 266.9 | 226.2 | 180.3 | 145.9 | 93 |
| Net Income | 3,614 | 3,899 | 4,764 | 7,209 | 6,433 | 3,646 | 2,557.2 | 2,650.9 | 2,492.1 | 2,553.7 | 2,596.9 | 2,598.4 | 2,695 | 2,298.5 | 1,970.6 | 1,793 | 1,151.7 | 1,317.6 | 1,220.3 | 1,122.0 | 897.8 | 746 | 536.8 | 290.4 | 297.7 | 324.2 | 261.6 | 182.9 | 154.8 | 207.8 | 108.4 | 81.7 | 17.7 |
| EPS (Diluted) | 5.04 | 5.29 | 6.38 | 9.64 | 8.61 | 4.89 | 3.43 | 3.73 | 3.53 | 3.65 | 4.74 | 3.63 | 3.80 | 3.36 | 3.11 | 2.64 | 1.73 | 1.98 | 2.10 | 1.74 | 1.38 | 1.15 | 0.84 | 0.47 | 0.50 | 0.56 | 0.45 | 0.33 | 0.32 | 0.43 | 0.23 | 0.18 | 0.04 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 4,615 | 2,078 | 5,864 | 5,995 | 2,586 | 6,035 | 19,912.3 | 787.8 | 630.3 | 963.7 | 1,721.9 | 392.9 | 609.1 | 1,230.2 | 810.5 | 706.6 | 176.9 | 260.3 | 41.9 | 33.3 | 26.4 | 7.9 | 2 | 6.8 | |||||||||
| Total Assets | 83,464 | 77,542 | 84,488 | 84,350 | 83,184 | 76,161 | 62,081.6 | 47,832.5 | 46,648.6 | 45,295.3 | 19,595.4 | 17,490.1 | 8,493.9 | 6,890.1 | 6,029.1 | 4,820.5 | 4,031.7 | 3,047.1 | 2,738.7 | 1,879.7 | 1,765.1 | 1,486 | 1,134.9 | 872.5 | |||||||||
| Total Debt | 18,418 | 17,146 | 19,536 | 20,616 | 23,272 | 22,178 | 22,526 | 9,740.3 | 10,522.1 | 12,269 | 2,933.2 | 2,619.3 | 1,350.3 | 1,298.9 | 1,310.0 | 1,191.7 | 795.2 | 374.6 | 472.5 | 198.2 | 236.4 | 283.6 | 185.3 | 133.6 | |||||||||
| Stockholders' Equity | 52,534 | 49,543 | 53,486 | 50,082 | 45,167 | 39,766 | 30,270.6 | 28,214.4 | 26,358.2 | 23,002.8 | 11,630.2 | 9,808.6 | 4,619.7 | 3,646.7 | 3,009.6 | 2,228.6 | 1,942.3 | 1,708.8 | 1,351.8 | 916.9 | 800.3 | 586.3 | 476.1 | 363.7 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 6,416 | 6,688 | 7,164 | 8,519 | 8,358 | 6,208 | 3,951.6 | 4,022 | 3,477.8 | 3,521.8 | 1,203.8 | 1,033.2 | 861.5 | 710.3 | 608.5 | 512.2 | 419.1 | 331.3 | 278.4 | 217.1 | 174.2 | 144.4 | 135.8 | ||||||||||
| Capital Expenditure | (1,156) | (1,392) | (1,383) | (1,152) | (1,294) | (791) | (635.5) | (584) | (570.7) | (589.6) | (121.2) | (115.9) | (80.3) | (65.4) | (80.6) | (88.5) | (153.7) | (616) | (62.8) | (51.3) | (59.2) | (54.5) | (40.3) | ||||||||||
| Free Cash Flow | 5,260 | 5,296 | 5,781 | 7,367 | 7,064 | 5,417 | 3,316.1 | 3,438 | 2,907.1 | 2,932.2 | 1,082.6 | 917.3 | 781.2 | 644.9 | 527.9 | 423.7 | 265.4 | (284.7) | 215.6 | 165.8 | 115 | 89.9 | 95.5 | ||||||||||