Investing
CapEx
Danaher CapEx increased by 27.1% to $371.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 28.1%, from $516.00M to $371.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows a downward trend with a -2.8% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $305.00M | $318.00M | $420.00M | $250.00M | $296.00M | $277.00M | $329.00M | $275.00M | $341.00M | $365.00M | $402.00M | $291.00M | $287.00M | $298.00M | $516.00M | $245.00M | $248.00M | $292.00M | $371.00M |
| QoQ Change | — | +4.3% | +32.1% | -40.5% | +18.4% | -6.4% | +18.8% | -16.4% | +24.0% | +7.0% | +10.1% | -27.6% | -1.4% | +3.8% | +73.2% | -52.5% | +1.2% | +17.7% | +27.1% |
| YoY Change | — | — | — | — | -3.0% | -12.9% | -21.7% | +10.0% | +15.2% | +31.8% | +22.2% | +5.8% | -15.8% | -18.4% | +28.4% | -15.8% | -13.6% | -2.0% | -28.1% |
Range$245.00M – $516.00M
CAGR+4.4%
Avg YoY Growth-1.2%
Median YoY Growth-3.0%
Current Streak3 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Danaher's capex?
- Danaher (DHR) reported capex of $371.00M in Q4 2025.
- How has Danaher's capex changed year-over-year?
- Danaher's capex decreased by 28.1% year-over-year, from $516.00M to $371.00M.
- What is the long-term trend for Danaher's capex?
- Over 4 years (2021 to 2025), Danaher's capex has grown at a -2.8% compound annual growth rate (CAGR), from $1.29B to $1.16B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.