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Danaher DHR Free cash flow margin

Free cash flow margin at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
16.4%
GLW
CorningGLW
9.2%+1.3pp
Dover logo
DoverDOV
13.8%+2.1pp
Thermo Fisher Scientific logo
Thermo Fisher ScientificTMO
15.7%-2.1pp
IDEX logo
IDEXIEX
17.3%+0.3pp
WAT
Waters CorporationWAT
7%-13.8pp

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+9.9%

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%
CapEx$237.0M-3.3%
Free cash flow$1.1B+2.9%

Valuation

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Market cap$125.81B-8.5%
Enterprise value$139.8B-8.7%
P/E34.1×-2.4×
P/S5.1×-0.7×

Profitability

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Gross margin58.9%-0.8pp
Operating margin19.2%-1.0pp
Net margin14.9%-0.9pp

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

Calculated from Danaher’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
Danaher (DHR) reported free cash flow margin of 21.4% in Q1 2026.
How has Danaher's free cash flow margin changed year-over-year?
Danaher's free cash flow margin increased by 3.8% year-over-year, from 20.6% to 21.4%.
What is the long-term trend for Danaher's free cash flow margin?
Over 4 years (2021 to 2025), Danaher's free cash flow margin has grown at a -5.8% compound annual growth rate (CAGR), from 105.2% to 82.9%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.