What is Danaher's acquisitions?

Danaher (DHR) reported acquisitions of $0 in Q4 2025.

How has Danaher's acquisitions changed year-over-year?

Danaher's acquisitions decreased by 100.0% year-over-year, from $33M to $0.

What is the long-term trend for Danaher's acquisitions?

Over 2 years (2021 to 2023), Danaher's acquisitions has grown at a -28.3% compound annual growth rate (CAGR), from $10.9B to $5.61B.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Danaher DHR Acquisitions

Acquisitions at other companies

Becton, Dickinson and CompanyBDX

$0+100%

DoverDOV

$665K-97.7%

Thermo Fisher ScientificTMO

-$17.74B—

IDEXIEX

$0+100%

WAT

Waters CorporationWAT

$144M—

Mettler-Toledo International, Inc.MTD

$2.24M—

Other financials

Income statement

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Revenue$6.3B+5.5%

Gross profit$3.6B+2.5%

Operating income$1.1B+48.3%

Net income$870.0M+56.8%

EPS (diluted)$1.23+59.7%

Balance sheet

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Cash & equivalents$4.3B+47.0%

Total debt$27.9B+50.1%

Total equity$52.6B+0.5%

Total assets$92.4B+13.2%

Cash flow

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Operating cash flow$1.5B+14.6%

CapEx$269.0M+8.5%

Free cash flow$1.3B+16.1%

Valuation

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Market cap$125.93B-11.1%

Enterprise value$149.44B-5.0%

P/E31.5×-10.1×

P/S5×-0.9×

Profitability

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Gross margin58.5%-1.1pp

Operating margin20.4%+2.0pp

Net margin15.9%+1.7pp

FCF margin21.8%+1.5pp

Returns & leverage

See full

Return on equity7.6%+1.0pp

Debt / equity0.5×+0.2×

Current ratio1.7×0.0×

Where this comes from

Reported directly by Danaher in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Danaher’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Danaher's acquisitions?: Danaher (DHR) reported acquisitions of $0 in Q4 2025.
How has Danaher's acquisitions changed year-over-year?: Danaher's acquisitions decreased by 100.0% year-over-year, from $33M to $0.
What is the long-term trend for Danaher's acquisitions?: Over 2 years (2021 to 2023), Danaher's acquisitions has grown at a -28.3% compound annual growth rate (CAGR), from $10.9B to $5.61B.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.