Buyback yield (TTM)
1.57%
Shareholder yield (TTM)
2.28%
5Y share count change
-1.1%
Buyback spend (TTM)
$2.02B
Cumulative buybacks
$10.37B
Key takeaways
- Danaher (DHR) repurchased about $2.02B of stock over the trailing twelve months.
- Diluted share count is down 1.1% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 5.34× — repurchases more than cover SBC dilution.
- TTM repurchases used about 46% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Danaher (DHR)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Danaher (DHR)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Danaher (DHR)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Danaher (DHR)
Latest: $3.09B
Overview
As of the 2025 fiscal year, Danaher (DHR) reported buyback spend of $3.09B – plunged 48.4% year-over-year.
Between 2024 and 2025, Danaher buyback spend plunged 48.4%, falling from $5.98B to $3.09B.
$5.98B stands as the all-time-high annual buyback spend, posted in 2024, against a low of $0.00 during 1991.
Danaher Buyback Spend 2025: $3.09B
Danaher posted buyback spend of $3.09B in 2025, plunged 48.4% below 2024.
Danaher Buyback Spend 2024: $5.98B
Danaher buyback spend in 2024 was $5.98B.
Danaher Buyback Spend 2023: $0.00
Danaher buyback spend in 2023 was $0.00.
Danaher Buyback Spend 2022: $0.00
Danaher buyback spend in 2022 was $0.00.
Danaher Buyback Spend 2021: $0.00
Danaher buyback spend in 2021 was $0.00.
See more financial history for Danaher (DHR).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $3.09B | $298.00M | $2.79B | 1.91% | 0.71B | -3.6% | |
| 2024 | $5.98B | $288.00M | $5.69B | 3.56% | 0.74B | -0.8% | |
| 2023 | $0.00 | $306.00M | −$306.00M | — | 0.74B | +0.8% | |
| 2022 | $0.00 | $295.00M | −$295.00M | — | 0.74B | +0.0% | |
| 2021 | $0.00 | $184.00M | −$184.00M | — | 0.74B | +2.5% | |
| 2020 | $0.00 | $187.00M | −$187.00M | — | 0.72B | -0.9% | |
| 2019 | $0.00 | $158.80M | −$158.80M | — | 0.73B | +2.2% | |
| 2018 | $0.00 | $151.40M | −$151.40M | — | 0.71B | +0.6% | |
| 2017 | $0.00 | $139.40M | −$139.40M | — | 0.71B | +0.9% | |
| 2016 | $0.00 | $129.80M | −$129.80M | — | 0.70B | -1.2% | |
| 2015 | $0.00 | $139.00M | −$139.00M | — | 0.71B | -1.1% | |
| 2014 | $0.00 | $121.10M | −$121.10M | — | 0.72B | +0.7% | |
| 2013 | $0.00 | $117.70M | −$117.70M | — | 0.71B | -0.3% | |
| 2012 | $648.40M | $109.90M | $538.50M | 2.50% | 0.71B | +1.7% | |
| 2011 | $0.00 | $95.60M | −$95.60M | — | 0.70B | +2.6% | |
| 2010 | $0.00 | $88.12M | −$88.12M | — | 0.68B | +1.8% | |
| 2009 | $0.00 | $87.35M | −$87.35M | — | 0.67B | -0.0% | |
| 2008 | $74.17M | $86.00M | −$11.84M | 0.58% | 0.67B | +1.9% | |
| 2007 | $117.49M | $0.00 | $117.49M | 0.59% | 0.66B | +1.3% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 0.65B | -0.8% | |
| 2005 | $257.70M | $0.00 | $257.70M | 2.24% | 0.66B | +0.1% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 0.66B | +1.4% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 0.65B | +1.9% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 0.63B | +4.4% | |
| 2001 | $17.30M | $0.00 | $17.30M | 0.28% | 0.61B | +4.4% | |
| 2000 | $82.17M | $0.00 | $82.17M | — | 0.58B | -0.4% | |
| 1999 | $0.00 | $0.00 | $0.00 | — | 0.58B | +1.5% | |
| 1998 | $2.10M | $0.00 | $2.10M | — | 0.58B | -2.3% | |
| 1997 | $80.20M | $0.00 | $80.20M | — | 0.59B | +8.2% | |
| 1996 | $12.10M | $0.00 | $12.10M | — | 0.54B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $15.20M | $0.00 | $15.20M | — | — | — |
- 2025$3.09B
- 2024$5.98B
- 2023$0.00
- 2022$0.00
- 2021$0.00
- 2020$0.00
- 2019$0.00
- 2018$0.00
- 2017$0.00
- 2016$0.00
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$648.40M
- 2011$0.00
- 2010$0.00
- 2009$0.00
- 2008$74.17M
- 2007$117.49M
- 2006$0.00
- 2005$257.70M
- 2004$0.00
- 2003$0.00
- 2002$0.00
- 2001$17.30M
- 2000$82.17M
- 1999$0.00
- 1998$2.10M
- 1997$80.20M
- 1996$12.10M
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$0.00
- 1990$15.20M
Buybacks vs stock-based compensation for Danaher (DHR)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 5.34×.
Buybacks vs dividends (share of cash returned) for Danaher (DHR)
How Danaher splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Danaher, ranked by their latest buyback spend.
| $5.95B | |
| $5.54B | |
| $5.08B | |
| $4.11B | |
| $980.00M | |
| $216.35M | |
| $0.00 | |
| $0.00 |
- $5.95B
- $5.54B
- $5.08B
- $4.11B
- $980.00M
- $216.35M
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $4.38B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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