Danaher (DHR) FCF Margin (2009 - 2026)
Danaher (DHR) posted FCF Margin of 20.19% for Q2 2026, up 10.75% on a QoQ basis from 18.23% in Q1 2026, and up 183.0% year-over-year from 7.13% in Q2 2025.
Analysis
Danaher (DHR) FCF Margin (2009 - 2026) Analysis & Trends
Danaher has reported FCF Margin for 18 years, with the latest figure at 20.19% in Q2 2026.
- On a quarterly basis, FCF Margin rose 183.0% year-over-year to 20.19% in Q2 2026; TTM through Jun 2026 was 21.77%, a 152.0% increase from a year earlier, with the FY2025 full-year figure at 21.41%, down 77.0% from the prior year.
- FCF Margin was 20.19% for Q2 2026 at Danaher, up from 18.23% in the prior quarter.
- The five-year high for FCF Margin was 31.48% in Q4 2022, with the low at 18.23% in Q1 2026.
- Average FCF Margin over 5 years is 23.33%, with a median of 23.21% recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: FCF Margin slumped 2477 bps in 2022, then surged 449 bps in 2024.
- Over 5 years, FCF Margin stood at 31.48% in 2022, then plunged by 41 bps to 18.5% in 2023, then climbed by 24 bps to 22.99% in 2024, then climbed by 11 bps to 25.53% in 2025, then fell by 21 bps to 20.19% in 2026.
- The last three FCF Margin figures came in at 20.19% (Q2 2026), 18.23% (Q1 2026), and 25.53% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 241.68 Bn | 237.61 Bn | 8.34 Bn | 13.97% |
| 2 | Danaher | 147.34 Bn | 142.99 Bn | 3.61 Bn | 20.19% |
| 3 | Agilent Technologies | 43.34 Bn | 41.59 Bn | 1.04 Bn | 23.38% |
| 4 | Illumina | 34.58 Bn | 33.41 Bn | 770.00 Mn | 13.89% |
| 5 | Revvity | 16.31 Bn | 15.29 Bn | 416.87 Mn | 24.79% |
| 6 | Bio-Techne | 11.28 Bn | 11.01 Bn | 211.39 Mn | 27.07% |
| 7 | Bio-Rad Laboratories | 10.16 Bn | 8.54 Bn | 345.80 Mn | 10.25% |
| 8 | Repligen | 9.77 Bn | 8.75 Bn | 110.04 Mn | 13.44% |
| 9 | 10x Genomics | 9.45 Bn | 8.90 Bn | 112.50 Mn | 10.19% |
| 10 | Bruker | 9.26 Bn | 9.04 Bn | 416.00 Mn | -12.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 26, 2026 | 20.19% |
| Mar 27, 2026 | 18.23% |
| Dec 31, 2025 | 25.53% |
| Sep 26, 2025 | 22.63% |
| Jun 27, 2025 | 18.36% |
| Mar 28, 2025 | 18.36% |
| Dec 31, 2024 | 22.99% |
| Sep 27, 2024 | 20.96% |
| Jun 28, 2024 | 19.68% |
| Mar 29, 2024 | 24.98% |
| Dec 31, 2023 | 18.50% |
| Sep 29, 2023 | 23.44% |
| Jun 30, 2023 | 27.01% |
| Mar 31, 2023 | 28.26% |
| Dec 31, 2022 | 31.48% |
| Sep 30, 2022 | 26.85% |
| Jul 1, 2022 | 26.10% |
| Apr 1, 2022 | 26.33% |
| Dec 31, 2021 | 56.25% |
| Oct 1, 2021 | 23.74% |