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| 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% |