Danaher (DHR) FCF Margin (2009 - 2026)
Danaher (DHR) reported FCF Margin of 20.19% for Q2 2026, up 1.83 percentage points from 18.36% a year earlier and up 1.96 percentage points from the prior quarter.
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Analysis
Danaher (DHR) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 26, 2026, Danaher's FCF Margin came in at 21.77%, up 1.52 percentage points year-over-year; for FY2025, it came in at 21.41%, down 0.77 percentage points from FY2024.
- FCF Margin has declined for four consecutive years, with a five-year change of -2.93 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 22.18% in FY2024 (-2.02 pp), 24.20% in FY2023 (-3.58 pp), 27.78% in FY2022 (-0.92 pp) and 28.70% in FY2021 (+4.36 pp).
- Five-year quarterly FCF Margin spans a low of 18.23% in Q1 2026 and a high of 56.25% in Q4 2021.
- Year over year, FCF Margin gained in four of the last eight quarters, with an average year-over-year change of 0.00 percentage points.
- The high point for year-over-year FCF Margin in five years was Q4 2021 (a gain of 28.07 percentage points); the low point was Q4 2022 (a drop of 24.77 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 18.23% (Q1 2026), 25.53% (Q4 2025) and 22.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 258.21 Bn | 258.21 Bn | - | - |
| 2 | Abbott Laboratories | 184.72 Bn | 184.72 Bn | - | - |
| 3 | Danaher | 163.63 Bn | 147.44 Bn | 3.61 Bn | 20.19% |
| 4 | Intuitive Surgical | 150.86 Bn | 131.14 Bn | 2.08 Bn | 36.44% |
| 5 | Medtronic | 123.68 Bn | 88.93 Bn | 6.34 Bn | 13.22% |
| 6 | Stryker | 111.91 Bn | 111.91 Bn | - | - |
| 7 | Boston Scientific | 61.64 Bn | 61.64 Bn | 3.43 Bn | - |
| 8 | Becton Dickinson | 54.28 Bn | 51.43 Bn | 2.32 Bn | 12.70% |
| 9 | Edwards Lifesciences | 53.21 Bn | 37.22 Bn | 1.35 Bn | 33.60% |
| 10 | Agilent Technologies | 49.54 Bn | 42.43 Bn | 1.04 Bn | 23.38% |
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% |
API Access
Danaher FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=DHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "DHR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=DHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();