Which has the lower trailing P/E, DHR or MDT?

MDT has the lower trailing P/E: DHR trades at 36.56 and MDT at 22.99. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DHR or MDT?

Over the past five years, MDT grew revenue faster — DHR at a 1.97% CAGR versus MDT at 3.51%.

Does DHR or MDT pay a bigger dividend?

DHR yields 0.72% and MDT yields 3.13% based on trailing dividends and the latest price.

Is DHR or MDT more profitable?

DHR runs the higher net margin — DHR at 15.95% versus MDT at 13.93%.

How have DHR and MDT total returns compared?

Over the past 10 years, DHR delivered 11.92% and MDT delivered 3.40% annualized total return. Past performance doesn't predict future results.

Danaher Corporation (DHR) vs Medtronic plc (MDT)

A side-by-side comparison of Danaher Corporation and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

DHR

Danaher Corporation

$144.68B

$205.81HealthcareDelayed quote: Sep 15, 2026, 10:30 AM EDT

MDT

Medtronic plc

$119.48B

$93.34HealthcareDelayed quote: Sep 15, 2026, 10:30 AM EDT

Total return — DHR vs MDT

growth of $100 · dividends reinvested · last 10y

DHR +200.7% (+11.6%/yr)MDT +37.9% (+3.3%/yr)DHR compounded faster over this window

DHR MDT

DHR vs MDT: by the numbers

•DHR is the larger company ($144.68B vs $119.48B market cap).
•MDT trades at the lower trailing earnings multiple (22.99 vs 36.56 P/E), one valuation lens rather than an overall verdict.
•DHR converts more revenue to profit (15.95% vs 13.93% net margin).
•MDT grew revenue faster over the past five years (3.51% vs 1.97% CAGR).
•MDT pays the higher dividend yield (3.13% vs 0.72%).

Metrics side by side

Valuation

Metric	DHR	MDT
P/E ratio	36.56	22.99
Forward P/E	24.20	15.62
P/S ratio	5.76	3.18
P/B ratio	2.75	2.38
EV / EBITDA	23.10	15.15
FCF yield	3.78%	5.13%

Profitability

Metric	DHR	MDT
Gross margin	58.51%	66.69%
Operating margin	20.42%	18.08%
Net margin	15.95%	13.93%
ROE	7.61%	10.41%
ROIC	5.03%	6.44%

Dividends

Metric	DHR	MDT
Dividend yield	0.72%	3.13%
Payout ratio	25.58%	70.20%

Growth (annualized)

Metric	DHR	MDT
Revenue CAGR (5Y)	1.97%	3.51%
EPS CAGR (5Y)	0.40%	6.97%
FCF CAGR (5Y)	-2.83%	0.93%
Total return CAGR (5Y)	-6.85%	-4.10%

Frequently asked

Which has the lower trailing P/E, DHR or MDT?: MDT has the lower trailing P/E: DHR trades at 36.56 and MDT at 22.99. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DHR or MDT?: Over the past five years, MDT grew revenue faster — DHR at a 1.97% CAGR versus MDT at 3.51%.
Does DHR or MDT pay a bigger dividend?: DHR yields 0.72% and MDT yields 3.13% based on trailing dividends and the latest price.
Is DHR or MDT more profitable?: DHR runs the higher net margin — DHR at 15.95% versus MDT at 13.93%.
How have DHR and MDT total returns compared?: Over the past 10 years, DHR delivered 11.92% and MDT delivered 3.40% annualized total return. 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 25+ Year Dividend Growers 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 September 13, 2026.