What is Danaher's capex?

Danaher (DHR) reported capex of $237M in Q1 2026.

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

Danaher's capex decreased by 3.3% year-over-year, from $245M to $237M.

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

Over 4 years (2021 to 2025), Danaher's capex has grown at a -1.7% compound annual growth rate (CAGR), from $1.24B to $1.16B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Danaher DHR CapEx

CapEx at other companies

Becton, Dickinson and CompanyBDX

$125M+9.6%

Bio-Rad LaboratoriesBIO

$30M-12.8%

Donaldson CompanyDCI

$23.3M+42.9%

DoverDOV

$59.81M+24.1%

RevvityRVTY

$19.78M+23.7%

Thermo Fisher ScientificTMO

$376M+3.9%

Other financials

Income statement

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Revenue$6.0B+3.7%

Gross profit$3.6B+2.3%

Operating income$1.3B+5.5%

Net income$1.0B+7.9%

EPS (diluted)$1.45+9.8%

Balance sheet

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Cash & equivalents$5.7B+186%

Total debt$19.7B+12.0%

Total equity$52.9B+4.1%

Total assets$83.5B+5.6%

Cash flow

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Operating cash flow$1.3B+1.8%

Free cash flow$1.1B+2.9%

Valuation

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Market cap$134.82B-2.8%

Enterprise value$148.8B-3.6%

P/E36.6×-4.1×

P/S5.4×-0.3×

Profitability

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Gross margin58.9%-0.8pp

Operating margin19.2%-1.0pp

Net margin14.9%-0.9pp

FCF margin21.4%+0.8pp

Returns & leverage

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Return on equity7.1%-0.1pp

Debt / equity0.4×0.0×

Current ratio1.9×+0.4×

Where this comes from

Reported directly by Danaher in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Danaher’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Danaher's capex?: Danaher (DHR) reported capex of $237M in Q1 2026.
How has Danaher's capex changed year-over-year?: Danaher's capex decreased by 3.3% year-over-year, from $245M to $237M.
What is the long-term trend for Danaher's capex?: Over 4 years (2021 to 2025), Danaher's capex has grown at a -1.7% compound annual growth rate (CAGR), from $1.24B to $1.16B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.