Is DHR or MDT cheaper?

On trailing earnings, MDT is cheaper: DHR trades at a 34.84 P/E and MDT at 21.50.

Which has grown faster, DHR or MDT?

Over the past five years, MDT grew revenue faster — DHR at a 2.05% CAGR versus MDT at 5.18%.

Does DHR or MDT pay a bigger dividend?

DHR yields 0.76% and MDT yields 3.54% based on trailing dividends and the latest price.

Is DHR or MDT more profitable?

DHR runs the higher net margin — DHR at 14.89% versus MDT at 13.20%.

Which has been the better investment, DHR or MDT?

Over the past 10-year, DHR delivered the higher annualized total return — DHR at 10.98% versus MDT at 1.97%. Past performance doesn't predict future results.

Danaher Corporation (DHR) vs Medtronic plc (MDT)

MDT leads on 13 of 17 compared metrics.

A side-by-side comparison of Danaher Corporation and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — DHR vs MDT

growth of $100 · last 30y

DHR +5120.3%MDT +457.7%DHR compounded faster

Log scale — wide-divergence pair

DHR MDT

DHR vs MDT: by the numbers

•DHR is the larger company ($127.47B vs $102.97B market cap).
•MDT trades at the lower earnings multiple (21.50 vs 34.84 P/E).
•DHR converts more revenue to profit (14.89% vs 13.20% net margin).
•MDT grew revenue faster over the past five years (5.18% vs 2.05% CAGR).
•MDT pays the higher dividend yield (3.54% vs 0.76%).

Which is better, DHR or MDT?

Metric tally: DHR 4 · MDT 13

It depends on what you're optimizing for:

ValueMDT(lower P/E)

GrowthMDT(faster 5Y revenue CAGR)

IncomeMDT(higher dividend yield)

QualityDHR(higher ROIC)

Metrics side by side

Valuation

Metric	DHR	MDT
P/E ratio	34.84	21.50●
Forward P/E	19.73	12.55●
P/S ratio	5.17	2.84●
P/B ratio	2.42	2.11●
PEG ratio	87.09	6.73●
EV / EBITDA	21.20	13.03●
FCF yield	4.13%	5.25%●

Profitability

Metric	DHR	MDT
Gross margin	60.68%	65.02%●
Operating margin	20.95%●	17.78%
Net margin	14.89%●	13.20%
ROE	6.97%	9.80%●
ROIC	5.72%●	0.00%

Dividends

Metric	DHR	MDT
Dividend yield	0.76%	3.54%●
Payout ratio	26.82%	75.73%

Growth (annualized)

Metric	DHR	MDT
Revenue CAGR (5Y)	2.05%	5.18%●
EPS CAGR (5Y)	0.40%	0.83%●
FCF CAGR (5Y)	-0.45%	3.07%●
Total return CAGR (5Y)	-3.38%●	-5.47%

Frequently asked

Which is better, DHR or MDT?: It depends on your goal. value: MDT (lower P/E); growth: MDT (faster 5Y revenue CAGR); income: MDT (higher dividend yield); quality: DHR (higher ROIC). Across all compared metrics, MDT leads 13 to 4.
Is DHR or MDT cheaper?: On trailing earnings, MDT is cheaper: DHR trades at a 34.84 P/E and MDT at 21.50.
Which has grown faster, DHR or MDT?: Over the past five years, MDT grew revenue faster — DHR at a 2.05% CAGR versus MDT at 5.18%.
Does DHR or MDT pay a bigger dividend?: DHR yields 0.76% and MDT yields 3.54% based on trailing dividends and the latest price.
Is DHR or MDT more profitable?: DHR runs the higher net margin — DHR at 14.89% versus MDT at 13.20%.
Which has been the better investment, DHR or MDT?: Over the past 10-year, DHR delivered the higher annualized total return — DHR at 10.98% versus MDT at 1.97%. Past performance doesn't predict future results.

Go deeper

Full DHR analysis Full MDT analysis Interactive comparison tool

Dig into the metrics

Danaher P/E ratio Medtronic P/E ratio Danaher dividend yield Medtronic dividend yield Danaher ROE Medtronic ROE Danaher operating margin Medtronic operating margin Danaher revenue growth Medtronic revenue growth Danaher free cash flow Medtronic free cash flow

Danaher & Medtronic appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.