Danaher (DHR) Cost of Revenue (2009 - 2026)
Danaher (DHR) recorded quarterly Cost of Revenue of $2.4 billion in Q1 2026, down 17.83% quarter-over-quarter from $2.9 billion in Q4 2025, and up 5.83% on a YoY basis from $2.2 billion in Q1 2025.
Danaher (DHR) Cost of Revenue (2009 - 2026) Analysis & Trends
Danaher's Cost of Revenue history runs 18 years deep, the most recent figure standing at $2.4 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 5.83% year-over-year to $2.4 billion; the TTM figure through Mar 2026 stood at $10.2 billion (up 6.1% YoY), while the FY2025 annual figure was $10.0 billion, up 3.89% from the prior year.
- Cost of Revenue was $2.4 billion for Q1 2026 at Danaher, down from $2.9 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $3.1 billion in Q3 2022 to a low of $1.4 billion in Q4 2022.
- Historically, Cost of Revenue has averaged $2.5 billion across 5 years, with a median of $2.4 billion in 2025.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue soared 117.59% in 2022, then fell 23.71% in 2023.
- A 5-year view of Cost of Revenue shows it stood at $1.4 billion in 2022, then jumped by 92.66% to $2.6 billion in 2023, then gained by 0.84% to $2.6 billion in 2024, then climbed by 8.46% to $2.9 billion in 2025, then slipped by 17.83% to $2.4 billion in 2026.
- The last three Cost of Revenue figures came in at $2.4 billion (Q1 2026), $2.9 billion (Q4 2025), and $2.5 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,010.71 Bn | 30,010.25 Bn | 1.11 Bn | 155.00 Mn |
| 2 | Thermo Fisher Scientific | 179.46 Bn | 176.21 Bn | 7.74 Bn | 3.26 Bn |
| 3 | Danaher | 130.33 Bn | 124.64 Bn | 3.59 Bn | 2.36 Bn |
| 4 | Idexx Laboratories | 44.44 Bn | 44.24 Bn | 722.74 Mn | 175.25 Mn |
| 5 | Agilent Technologies | 37.27 Bn | 35.46 Bn | 990.00 Mn | 845.00 Mn |
| 6 | Iqvia Holdings | 30.70 Bn | 28.73 Bn | 1.36 Bn | 2.80 Bn |
| 7 | Natera | 30.59 Bn | 29.49 Bn | 696.04 Mn | 608,000.00 |
| 8 | Illumina | 24.86 Bn | 23.71 Bn | 721.00 Mn | 370.00 Mn |
| 9 | Mettler Toledo International | 23.06 Bn | 23.00 Bn | 555.82 Mn | 118.74 Mn |
| 10 | Quest Diagnostics | 22.46 Bn | 22.36 Bn | 942.00 Mn | 1.95 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 27, 2026 | 2.36 Bn |
| Mar 27, 2026 | 2.36 Bn |
| Dec 31, 2025 | 2.87 Bn |
| Dec 31, 2025 | 2.87 Bn |
| Sep 26, 2025 | 2.53 Bn |
| Sep 26, 2025 | 2.53 Bn |
| Jun 27, 2025 | 2.41 Bn |
| Jun 27, 2025 | 2.41 Bn |
| Mar 28, 2025 | 2.23 Bn |
| Mar 28, 2025 | 2.23 Bn |
| Dec 31, 2024 | 2.65 Bn |
| Dec 31, 2024 | 2.65 Bn |
| Sep 27, 2024 | 2.40 Bn |
| Sep 27, 2024 | 2.40 Bn |
| Jun 28, 2024 | 2.32 Bn |
| Jun 28, 2024 | 2.32 Bn |
| Mar 29, 2024 | 2.31 Bn |
| Mar 29, 2024 | 2.31 Bn |
| Dec 31, 2023 | 2.63 Bn |
| Dec 31, 2023 | 2.63 Bn |