Danaher (DHR) Research & Development (2009 - 2026)
Danaher (DHR) recorded quarterly Research & Development of $387.0 million in Q1 2026, down 11.64% quarter-over-quarter from $438.0 million in Q4 2025, and up 2.11% on a YoY basis from $379.0 million in Q1 2025.
Danaher (DHR) Research & Development (2009 - 2026) Analysis & Trends
Danaher's Research & Development history runs 18 years deep, the most recent figure standing at $387.0 million for Q1 2026.
- In Q1 2026, Research & Development rose 2.11% year-over-year to $387.0 million; the TTM figure through Mar 2026 stood at $1.6 billion (up 0.69% YoY), while the FY2025 annual figure was $1.6 billion, up 0.88% from the prior year.
- Research & Development was $387.0 million for Q1 2026 at Danaher, down from $438.0 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $442.0 million in Q4 2024 to a low of $236.0 million in Q4 2022.
- Historically, Research & Development has averaged $388.2 million across 5 years, with a median of $387.0 million in 2026.
- Biggest YoY gain for Research & Development was 72.46% in 2023; the steepest drop was 16.24% in 2023.
- A 5-year view of Research & Development shows it stood at $236.0 million in 2022, then jumped by 72.46% to $407.0 million in 2023, then grew by 8.6% to $442.0 million in 2024, then fell by 0.9% to $438.0 million in 2025, then retreated by 11.64% to $387.0 million in 2026.
- The last three Research & Development figures came in at $387.0 million (Q1 2026), $438.0 million (Q4 2025), and $378.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 96.00 Mn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 336.00 Mn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 387.00 Mn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 65.79 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 126.00 Mn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | - |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 210.70 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 240.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 51.28 Mn |
| 10 | Quest Diagnostics | 21.68 Bn | 21.59 Bn | 942.00 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 27, 2026 | 387.00 Mn |
| Dec 31, 2025 | 438.00 Mn |
| Sep 26, 2025 | 378.00 Mn |
| Jun 27, 2025 | 403.00 Mn |
| Mar 28, 2025 | 379.00 Mn |
| Dec 31, 2024 | 442.00 Mn |
| Sep 27, 2024 | 383.00 Mn |
| Jun 28, 2024 | 391.00 Mn |
| Mar 29, 2024 | 368.00 Mn |
| Dec 31, 2023 | 407.00 Mn |
| Sep 29, 2023 | 362.00 Mn |
| Jun 30, 2023 | 361.00 Mn |
| Mar 31, 2023 | 373.00 Mn |
| Dec 31, 2022 | 236.00 Mn |
| Sep 30, 2022 | 420.00 Mn |
| Jul 1, 2022 | 431.00 Mn |
| Apr 1, 2022 | 441.00 Mn |
| Dec 31, 2021 | 251.00 Mn |
| Oct 1, 2021 | 441.00 Mn |
| Jul 2, 2021 | 426.00 Mn |