What is Danaher's R&D?

Danaher (DHR) reported R&D of $387M in Q1 2026.

How has Danaher's R&D changed year-over-year?

Danaher's R&D increased by 2.1% year-over-year, from $379M to $387M.

What is the long-term trend for Danaher's R&D?

Over 4 years (2021 to 2025), Danaher's R&D has grown at a 1.6% compound annual growth rate (CAGR), from $1.5B to $1.6B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Danaher DHR R&D

R&D at other companies

Becton, Dickinson and CompanyBDX

$249M+7.3%

Bio-Rad LaboratoriesBIO

$62.9M-14.4%

Donaldson CompanyDCI

$19.2M-10.3%

RevvityRVTY

$57.89M+8.0%

Thermo Fisher ScientificTMO

$336M-1.8%

BioLife SolutionsBLFS

$2.65M+84.2%

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%

CapEx$237.0M-3.3%

Free cash flow$1.1B+2.9%

Valuation

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Market cap$138.71B-2.9%

Enterprise value$152.69B-3.6%

P/E37.6×-4.3×

P/S5.6×-0.4×

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:ResearchAndDevelopmentExpense.

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 R&D?: Danaher (DHR) reported R&D of $387M in Q1 2026.
How has Danaher's R&D changed year-over-year?: Danaher's R&D increased by 2.1% year-over-year, from $379M to $387M.
What is the long-term trend for Danaher's R&D?: Over 4 years (2021 to 2025), Danaher's R&D has grown at a 1.6% compound annual growth rate (CAGR), from $1.5B to $1.6B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.