Danaher (DHR) FCF Margin (2009 - 2026)

Danaher (DHR) posted quarterly FCF Margin of 18.23% for Q1 2026, down 13.0% year-over-year from 20.96% in Q1 2025, and down 28.6% on a QoQ basis from 25.53% in Q4 2025.

Danaher (DHR) FCF Margin (2009 - 2026) Analysis & Trends

Danaher (DHR) has reported FCF Margin for 18 consecutive years, with 18.23% the latest figure, recorded in Q1 2026.

  • In Q1 2026, FCF Margin fell 13.0% year-over-year to 18.23%; the TTM figure through Mar 2026 stood at 21.35% (up 77.0% YoY), while the FY2025 annual figure was 21.41%, down 77.0% from the prior year.
  • FCF Margin came in at 18.23% for Q1 2026 at Danaher, down from 25.53% 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 23.51%, with a median of 23.44% recorded in 2023.
  • Across the five-year window, FCF Margin sank 1298 bps in 2023 and jumped 449 bps in 2024, its largest moves.
  • Year by year, FCF Margin stood at 31.48% in 2022, then slumped by 41 bps to 18.5% in 2023, then increased by 24 bps to 22.99% in 2024, then increased by 11 bps to 25.53% in 2025, then slipped by 29 bps to 18.23% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 18.23%, 25.53%, and 22.63% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn -3.31%
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 7.41%
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 18.23%
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 22.61%
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 2.59%
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 10.95%
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 11.83%
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 23.01%
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 12.92%
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn 5.66%

Historic Data

Download Data
DateValue
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 29.51%
Oct 1, 2021 23.74%
Jul 2, 2021 25.15%