Danaher (DHR) FCF Margin (2009 - 2026)
Danaher (DHR) posted quarterly FCF Margin of 20.19% for Q2 2026, up 183.0% year-over-year from 7.13% in Q2 2025, and up 10.75% quarter-over-quarter from 18.23% in Q1 2026.
Danaher (DHR) FCF Margin (2009 - 2026) Analysis & Trends
Danaher's FCF Margin history runs 18 years deep, the most recent figure standing at 20.19% for Q2 2026.
- In Q2 2026, FCF Margin rose 183.0% year-over-year to 20.19%; the TTM figure through Jun 2026 stood at 21.77% (up 152.0% YoY), while the FY2025 annual figure was 21.41%, down 77.0% from the prior year.
- FCF Margin for Q2 2026 stood at 20.19%, 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 7.98% in Q4 2023.
- The 5-year median for FCF Margin is 23.21% (2024), against an average of 22.74%.
- The sharpest annual moves came in 2022 and 2024: FCF Margin slumped 2477 bps in 2022, then surged 1501 bps in 2024.
- Danaher's FCF Margin stood at 31.48% in 2022, then tumbled by 75 bps to 7.98% in 2023, then jumped by 188 bps to 22.99% in 2024, then gained by 11 bps to 25.53% in 2025, then dropped by 21 bps to 20.19% in 2026.
- Business Quant data shows DHR's FCF Margin at 20.19% in Q2 2026, 18.23% in Q1 2026, and 25.53% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 234.15 Bn | 230.09 Bn | 8.34 Bn | 13.97% |
| 2 | Danaher | 152.10 Bn | 147.75 Bn | 3.61 Bn | 20.19% |
| 3 | Natera | 48.48 Bn | 47.38 Bn | 486.15 Mn | -1.15% |
| 4 | Agilent Technologies | 44.35 Bn | 42.55 Bn | 990.00 Mn | 10.95% |
| 5 | Iqvia Holdings | 43.68 Bn | 41.60 Bn | 1.44 Bn | 8.24% |
| 6 | Idexx Laboratories | 43.02 Bn | 42.83 Bn | 779.09 Mn | 26.51% |
| 7 | Illumina | 34.39 Bn | 33.22 Bn | 770.00 Mn | 13.89% |
| 8 | Mettler Toledo International | 28.29 Bn | 28.24 Bn | 650.22 Mn | 27.51% |
| 9 | Labcorp Holdings | 27.51 Bn | 27.37 Bn | 1.11 Bn | 8.41% |
| 10 | Quest Diagnostics | 27.10 Bn | 26.47 Bn | 1.03 Bn | 15.08% |
Historic Data
Download 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% |