Danaher (DHR) Free Cash Flow (2009 - 2026)
Danaher's Free Cash Flow was $1.63 billion in Q3 2026, up 19.1% from $1.37 billion a year earlier and up 28.9% from the prior quarter.
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Analysis
Danaher (DHR) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Danaher's Free Cash Flow was $5.73 billion through Sep 25, 2026, up 14.2% year-over-year; for FY2025, it came in at $5.26 billion, down 0.7% from FY2024.
- Free Cash Flow has now declined for three consecutive years, with a five-year compound annual growth rate of -0.6% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $5.3 billion in FY2024 (-8.4%), $5.78 billion in FY2023 (-21.9%), $7.4 billion in FY2022 (+4.0%) and $7.12 billion in FY2021 (+31.2%).
- Quarterly Free Cash Flow has moved between $1.05 billion (Q1 2025) and $2.25 billion (Q4 2022) over five years.
- Compared with a year earlier, Free Cash Flow has increased for five straight quarters, with growth averaging 7.9% over the last eight quarters.
- The best year-over-year quarter for Free Cash Flow over five years was Q4 2024 (growth of 26.8%); the worst was Q4 2023 (a decline of 47.2%).
- Per Business Quant data, DHR's Free Cash Flow in the three quarters before Q3 2026 was $1.27 billion (Q2 2026), $1.09 billion (Q1 2026) and $1.75 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.79 Bn | 234.30 Bn | 5.13 Bn | 2.11 Bn |
| 2 | Abbott Laboratories | 190.83 Bn | 164.70 Bn | 7.39 Bn | 1.22 Bn |
| 3 | Danaher | 162.10 Bn | 141.75 Bn | 3.84 Bn | 1.63 Bn |
| 4 | Intuitive Surgical | 158.05 Bn | 138.34 Bn | 2.08 Bn | 1.11 Bn |
| 5 | Medtronic | 130.31 Bn | 95.56 Bn | 6.34 Bn | 1.29 Bn |
| 6 | Stryker | 124.76 Bn | 110.95 Bn | 4.25 Bn | 1.22 Bn |
| 7 | Boston Scientific | 62.03 Bn | 57.46 Bn | 3.43 Bn | 868.00 Mn |
| 8 | Edwards Lifesciences | 58.73 Bn | 41.94 Bn | 1.35 Bn | 506.70 Mn |
| 9 | Becton Dickinson | 58.33 Bn | 55.48 Bn | 2.32 Bn | 633.00 Mn |
| 10 | Agilent Technologies | 49.29 Bn | 42.18 Bn | 1.04 Bn | 439.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 25, 2026 | 1.63 Bn |
| Jun 26, 2026 | 1.27 Bn |
| Mar 27, 2026 | 1.09 Bn |
| Dec 31, 2025 | 1.75 Bn |
| Sep 26, 2025 | 1.37 Bn |
| Jun 27, 2025 | 1.09 Bn |
| Mar 28, 2025 | 1.05 Bn |
| Dec 31, 2024 | 1.50 Bn |
| Sep 27, 2024 | 1.22 Bn |
| Jun 28, 2024 | 1.13 Bn |
| Mar 29, 2024 | 1.45 Bn |
| Dec 31, 2023 | 1.19 Bn |
| Sep 29, 2023 | 1.32 Bn |
| Jun 30, 2023 | 1.60 Bn |
| Mar 31, 2023 | 1.68 Bn |
| Dec 31, 2022 | 2.25 Bn |
| Sep 30, 2022 | 1.73 Bn |
| Jul 1, 2022 | 1.70 Bn |
| Apr 1, 2022 | 1.72 Bn |
| Dec 31, 2021 | 1.97 Bn |
API Access
Danaher Free Cash Flow 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=free-cash-flow&ticker=DHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=DHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();