Danaher (DHR) FCF Margin (2009 - 2026)
Danaher (DHR) recorded quarterly FCF Margin of 18.23% in Q1 2026, down 28.6% quarter-over-quarter from 25.53% in Q4 2025, and down 13.0% on a YoY basis from 20.96% in Q1 2025.
Danaher (DHR) FCF Margin (2009 - 2026) Analysis & Trends
Danaher's FCF Margin history runs 18 years deep, the most recent figure standing at 18.23% for 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 was 18.23% for Q1 2026 at Danaher, down from 25.53% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 31.48% in Q4 2022 to a low of 18.23% in Q1 2026.
- Historically, FCF Margin has averaged 23.51% across 5 years, with a median of 23.44% in 2023.
- The sharpest annual moves came in 2023 and 2024: FCF Margin plunged 1298 bps in 2023, then jumped 449 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 31.48% in 2022, then sank by 41 bps to 18.5% in 2023, then advanced by 24 bps to 22.99% in 2024, then advanced by 11 bps to 25.53% in 2025, then fell by 29 bps to 18.23% in 2026.
- The last three FCF Margin figures came in at 18.23% (Q1 2026), 25.53% (Q4 2025), and 22.63% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | -3.31% |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 7.41% |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 18.23% |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 22.61% |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 10.95% |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 2.59% |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 11.83% |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 23.01% |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 12.92% |
| 10 | Quest Diagnostics | 22.51 Bn | 22.42 Bn | 942.00 Mn | 5.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |