DHR vs WAT

Danaher Corporation and Waters Corporation, both Healthcare

Danaher Corporation is the larger company at $125B against $35B. On trailing earnings DHR is the cheaper of the two at a P/E of 39.0 against 108.2, a gap that is only a bargain if the two are growing at similar rates. Over the past year WAT returned +42% against +13% for DHR. The RyuScore puts DHR ahead, 51 against 49 out of 100.

Danaher Corporation and Waters Corporation compared on valuation, return and the RyuScore
FigureDHRWAT
Last close$220$434
Market cap$125B$35B
Trailing P/Elower is cheaper for the same earnings, not automatically better39.0108.2
1-year return+13%+42%
5-year return-21%+7.6%
RyuScoresector-relative, 1–1051/10049/100

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Danaher Corporation

Revenue of $6.3B in Q2 2026, net income $870M. Its largest reported line is Diagnostics, 46% of the disclosed total.

Waters Corporation

Revenue of $1.6B in Q2 2026, net income null. Its largest reported line is Consumables, 47% of the disclosed total.

Open these two in the interactive comparison to add more names, change the period or see the correlation.