TTM
21.4%
YoY change
−0.77pp
Trough year (1998)
-9.8%
Peak year (2022)
27.7%
Latest annual
21.4%
FCF Margin history chart for Danaher (DHR) from 1990 to 2025
Latest: 21.4%
FCF Margin change chart for Danaher (DHR) from 1990 to 2025
Latest: −0.77pp
FCF Margin history table for Danaher (DHR) from 1990 to 2025
| 2025 | 21.4% | -0.77pp | ||
| 2024 | 22.2% | -2.02pp | ||
| 2023 | 24.2% | -3.45pp | ||
| 2022 | 27.7% | +3.67pp | ||
| 2021 | 24.0% | -0.32pp | ||
| 2020 | 24.3% | +5.79pp | ||
| 2019 | 18.5% | -1.65pp | ||
| 2018 | 20.2% | +4.31pp | ||
| 2017 | 15.9% | -1.51pp | ||
| 2016 | 17.4% | -5.42pp | ||
| 2015 | 22.8% | +6.25pp | ||
| 2014 | 16.5% | +0.60pp | ||
| 2013 | 15.9% | -0.25pp | ||
| 2012 | 16.2% | +1.95pp | ||
| 2011 | 14.2% | +0.10pp | ||
| 2010 | 14.1% | -0.27pp | ||
| 2009 | 14.4% | +1.30pp | ||
| 2008 | 13.1% | -0.34pp | ||
| 2007 | 13.5% | -1.23pp | ||
| 2006 | 14.7% | +1.13pp | ||
| 2005 | 13.6% | +0.24pp | ||
| 2004 | 13.3% | -1.44pp | ||
| 2003 | 14.8% | +0.67pp | ||
| 2002 | 14.1% | +0.13pp | ||
| 2001 | 14.0% | +2.74pp | ||
| 2000 | 11.2% | +2.92pp | ||
| 1999 | 8.3% | +18.08pp | ||
| 1998 | -9.8% | -20.30pp | ||
| 1997 | 10.5% | +1.36pp | ||
| 1996 | 9.2% | +1.42pp | ||
| 1995 | 7.7% | +0.76pp | ||
| 1994 | 7.0% | -1.97pp | ||
| 1993 | 8.9% | +4.84pp | ||
| 1992 | 4.1% | +4.11pp | ||
| 1991 | 0.0% | -4.40pp | ||
| 1990 | 4.4% | — |
- 202521.4%-0.77pp
- 202422.2%-2.02pp
- 202324.2%-3.45pp
- 202227.7%+3.67pp
- 202124.0%-0.32pp
- 202024.3%+5.79pp
- 201918.5%-1.65pp
- 201820.2%+4.31pp
- 201715.9%-1.51pp
- 201617.4%-5.42pp
- 201522.8%+6.25pp
- 201416.5%+0.60pp
- 201315.9%-0.25pp
- 201216.2%+1.95pp
- 201114.2%+0.10pp
- 201014.1%-0.27pp
- 200914.4%+1.30pp
- 200813.1%-0.34pp
- 200713.5%-1.23pp
- 200614.7%+1.13pp
- 200513.6%+0.24pp
- 200413.3%-1.44pp
- 200314.8%+0.67pp
- 200214.1%+0.13pp
- 200114.0%+2.74pp
- 200011.2%+2.92pp
- 19998.3%+18.08pp
- 1998-9.8%-20.30pp
- 199710.5%+1.36pp
- 19969.2%+1.42pp
- 19957.7%+0.76pp
- 19947.0%-1.97pp
- 19938.9%+4.84pp
- 19924.1%+4.11pp
- 19910.0%-4.40pp
- 19904.4%—
FCF Margin values are taken from Danaher's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Danaher (DHR)
According to Danaher's latest reported financial statements, the company's latest reported free cash flow margin is 21.4%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Danaher (DHR) free cash flow margin is 21.41% – contracted 0.8 percentage points year-over-year.
The highest annual free cash flow margin of 27.65% was reported in 2022. The lowest in the available history was -9.78% in 1998.
Danaher FCF Margin by Year
Danaher FCF Margin 2025: 21.4%
Danaher free cash flow margin in 2025 was 21.41%, contracted 0.8 percentage points from 2024.
Danaher FCF Margin 2024: 22.2%
2024's free cash flow margin for Danaher came in at 22.18%, contracted 2.0 percentage points from 2023.
Danaher FCF Margin 2023: 24.2%
Danaher posted free cash flow margin of 24.20% in 2023, contracted 3.5 percentage points from 2022.
Danaher FCF Margin 2022: 27.7%
In 2022, Danaher reported free cash flow margin of 27.65%, expanded 3.7 percentage points from 2021. This figure represents the highest annual value in the available history.
Danaher FCF Margin 2021: 24.0%
Danaher free cash flow margin in 2021 was 23.98%.
See more financial history for Danaher (DHR).
Sector peers by FCF Margin
Healthcare peers of Danaher (DHR), ranked by their latest free cash flow margin
| 33.2% | |
| 23.1% | |
| 21.5% | |
| 18.8% | |
| 18.4% | |
| 15.1% | |
| 9.4% | |
| 4.4% |
- 33.2%
- 23.1%
- 21.5%
- 18.8%
- 15.1%
Frequently asked questions
Danaher (DHR) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation