Danaher (DHR) Research & Development (2009 - 2026)

Danaher (DHR) posted quarterly Research & Development of $387.0 million for Q1 2026, up 2.11% year-over-year from $379.0 million in Q1 2025, and down 11.64% on a QoQ basis from $438.0 million in Q4 2025.

Danaher (DHR) Research & Development (2009 - 2026) Analysis & Trends

Danaher (DHR) has reported Research & Development for 18 consecutive years, with $387.0 million the latest figure, recorded in 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 came in at $387.0 million for Q1 2026 at Danaher, down from $438.0 million in the prior quarter.
  • The five-year high for Research & Development was $442.0 million in Q4 2024, with the low at $236.0 million in Q4 2022.
  • Average Research & Development over 5 years is $388.2 million, with a median of $387.0 million recorded in 2026.
  • The largest YoY upside for Research & Development was 72.46% in 2023 against a maximum downside of 16.24% in 2023.
  • Year by year, Research & Development stood at $236.0 million in 2022, then jumped by 72.46% to $407.0 million in 2023, then gained by 8.6% to $442.0 million in 2024, then slipped by 0.9% to $438.0 million in 2025, then dropped by 11.64% to $387.0 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $387.0 million, $438.0 million, and $378.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 96.00 Mn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 336.00 Mn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 387.00 Mn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 65.79 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 210.70 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 126.00 Mn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn -
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 240.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 51.28 Mn
10 Quest Diagnostics 23.76 Bn 23.67 Bn 942.00 Mn -

Historic Data

Download Data
DateValue
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