Danaher annual free cash flow
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2025
Danaher Free Cash Flow (FCF) History (DHR)
Danaher reported $5.26B in free cash flow for fiscal 2025, a decrease of 0.68% from the previous fiscal year, with a free cash flow margin of 21.41%.
View full Danaher company overviewDanaher free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.26B | −$36.0M | −0.68% | +21.41% |
| 2024 | 2024-12-31 | $5.30B | −$485.0M | −8.39% | +22.18% |
| 2023 | 2023-12-31 | $5.78B | −$1.62B | −21.89% | +24.20% |
| 2022 | 2022-12-31 | $7.40B | $283.0M | +3.98% | +27.78% |
| 2021 | 2021-12-31 | $7.12B | $1.70B | +31.40% | +28.70% |
| 2020 | 2020-12-31 | $5.42B | $2.10B | +63.36% | +24.31% |
| 2019 | 2019-12-31 | $3.32B | −$122.0M | −3.55% | +18.51% |
| 2018 | 2018-12-31 | $3.44B | $530.9M | +18.26% | +20.17% |
| 2017 | 2017-12-31 | $2.91B | −$25.1M | −0.86% | +18.73% |
| 2016 | 2016-12-31 | $2.93B | −$356.7M | −10.85% | +17.37% |
| 2015 | 2015-12-31 | $3.29B | −$4.1M | −0.12% | +22.79% |
| 2014 | 2014-12-31 | $3.29B | $245.8M | +8.07% | +25.59% |
| 2013 | 2013-12-31 | $3.05B | $90.5M | +3.06% | +16.67% |
| 2012 | 2012-12-31 | $2.96B | $664.9M | +29.01% | +16.19% |
| 2011 | 2011-12-31 | $2.29B | $398.5M | +21.05% | +14.24% |
| 2010 | 2010-12-31 | $1.89B | $267.9M | +16.48% | +15.09% |
| 2009 | 2009-12-31 | $1.63B | −$39.9M | −2.39% | +15.46% |
| 2008 | 2008-12-31 | $1.67B | $181.5M | +12.24% | +13.11% |
| 2007 | 2007-12-31 | $1.48B | — | — | +13.46% |
Danaher quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-26 | $1.26B | $175.0M | +16.06% | +20.19% |
| Q1 2026 | 2026-03-27 | $1.08B | $31.0M | +2.94% | +18.23% |
| Q4 2025 | 2025-12-31 | $1.75B | $243.0M | +16.17% | +25.53% |
| Q3 2025 | 2025-09-26 | $1.37B | $155.0M | +12.76% | +22.63% |
| Q2 2025 | 2025-06-27 | $1.09B | −$40.0M | −3.54% | +18.36% |
| Q1 2025 | 2025-03-28 | $1.05B | −$394.0M | −27.21% | +18.36% |
| Q4 2024 | 2024-12-31 | $1.50B | $318.0M | +26.84% | +22.99% |
| Q3 2024 | 2024-09-27 | $1.22B | −$103.0M | −7.81% | +20.96% |
| Q2 2024 | 2024-06-28 | $1.13B | −$467.0M | −29.24% | +19.68% |
| Q1 2024 | 2024-03-29 | $1.45B | −$233.0M | −13.86% | +24.98% |
| Q4 2023 | 2023-12-31 | $1.19B | −$1.06B | −47.24% | +18.50% |
| Q3 2023 | 2023-09-29 | $1.32B | −$415.0M | −23.95% | +23.44% |
| Q2 2023 | 2023-06-30 | $1.60B | −$107.0M | −6.28% | +27.01% |
| Q1 2023 | 2023-03-31 | $1.68B | −$37.0M | −2.15% | +28.26% |
| Q4 2022 | 2022-12-31 | $2.25B | $279.0M | +14.18% | +63.43% |
| Q3 2022 | 2022-09-30 | $1.73B | $17.0M | +0.99% | +22.62% |
| Q2 2022 | 2022-07-01 | $1.70B | −$111.0M | −6.12% | +21.98% |
| Q1 2022 | 2022-04-01 | $1.72B | $98.0M | +6.05% | +22.35% |
| Q4 2021 | 2021-12-31 | $1.97B | $62.0M | +3.25% | +56.25% |
| Q3 2021 | 2021-10-01 | $1.72B | $180.0M | +11.72% | +23.74% |
| Q2 2021 | 2021-07-02 | $1.81B | $525.0M | +40.70% | +25.15% |
| Q1 2021 | 2021-04-02 | $1.62B | $934.0M | +136.15% | +23.62% |
| Q4 2020 | 2020-12-31 | $1.91B | $972.9M | +104.38% | +28.18% |
| Q3 2020 | 2020-10-02 | $1.54B | $732.5M | +91.16% | +26.10% |
| Q2 2020 | 2020-07-03 | $1.29B | $272.8M | +26.82% | +24.35% |
| Q1 2020 | 2020-04-03 | $686.0M | $122.8M | +21.80% | +15.80% |
| Q4 2019 | 2019-12-31 | $932.1M | −$162.8M | −14.87% | +19.15% |
| Q3 2019 | 2019-09-27 | $803.5M | $33.6M | +4.36% | +18.35% |
| Q2 2019 | 2019-06-28 | $1.02B | $135.0M | +15.30% | +22.89% |
| Q1 2019 | 2019-03-29 | $563.2M | −$127.8M | −18.49% | +13.35% |
| Q4 2018 | 2018-12-31 | $1.09B | $385.1M | +54.25% | +43.46% |
| Q3 2018 | 2018-09-28 | $769.9M | −$163.2M | −17.49% | +15.86% |
| Q2 2018 | 2018-06-29 | $882.2M | $19.6M | +2.27% | +17.71% |
| Q1 2018 | 2018-03-30 | $691.0M | $289.4M | +72.06% | +14.72% |
| Q4 2017 | 2017-12-31 | $709.8M | $228.3M | +47.41% | +31.20% |
| Q3 2017 | 2017-09-29 | $933.1M | $263.5M | +39.35% | +20.61% |
| Q2 2017 | 2017-06-30 | $862.6M | −$268.3M | −23.72% | +19.13% |
| Q1 2017 | 2017-03-31 | $401.6M | −$248.6M | −38.23% | +9.55% |
| Q4 2016 | 2016-12-31 | $481.5M | −$588.8M | −55.01% | +10.50% |
| Q3 2016 | 2016-09-30 | $669.6M | −$184.6M | −21.61% | +16.20% |
| Q2 2016 | 2016-07-01 | $1.13B | $173.1M | +18.07% | +26.66% |
| Q1 2016 | 2016-04-01 | $650.2M | $243.6M | +59.91% | +16.57% |
| Q4 2015 | 2015-12-31 | $1.07B | −$113.0M | −9.55% | +84.50% |
| Q3 2015 | 2015-10-02 | $854.2M | −$31.2M | −3.52% | +24.32% |
| Q2 2015 | 2015-07-03 | $957.8M | $113.8M | +13.48% | +19.31% |
| Q1 2015 | 2015-04-03 | $406.6M | $26.3M | +6.92% | +8.66% |
| Q4 2014 | 2014-12-31 | $1.18B | $251.4M | +26.98% | — |
| Q3 2014 | 2014-09-26 | $885.4M | $53.3M | +6.41% | +18.81% |
| Q2 2014 | 2014-06-27 | $844.0M | $81.0M | +10.62% | +17.00% |
| Q1 2014 | 2014-03-28 | $380.3M | −$139.9M | −26.89% | +8.16% |
| Q4 2013 | 2013-12-31 | $931.9M | $257.1M | +38.10% | +21.03% |
| Q3 2013 | 2013-09-27 | $832.1M | −$24.2M | −2.83% | +17.82% |
| Q2 2013 | 2013-06-28 | $763.0M | −$135.1M | −15.04% | +16.11% |
| Q1 2013 | 2013-03-29 | $520.2M | −$7.3M | −1.38% | +11.70% |
| Q4 2012 | 2012-12-31 | $674.8M | −$32.7M | −4.63% | +13.56% |
| Q3 2012 | 2012-09-28 | $856.3M | $266.1M | +45.08% | +19.39% |
| Q2 2012 | 2012-06-29 | $898.1M | $294.2M | +48.73% | +19.72% |
| Q1 2012 | 2012-03-30 | $527.5M | $137.3M | +35.20% | +12.22% |
| Q4 2011 | 2011-12-31 | $707.5M | $185.1M | +35.44% | +15.00% |
| Q3 2011 | 2011-09-30 | $590.2M | $62.0M | +11.74% | +13.28% |
| Q2 2011 | 2011-07-01 | $603.9M | $117.8M | +24.23% | +16.61% |
| Q1 2011 | 2011-04-01 | $390.2M | $33.6M | +9.42% | +11.85% |
| Q4 2010 | 2010-12-31 | $522.4M | $87.1M | +20.01% | +16.16% |
| Q3 2010 | 2010-10-01 | $528.2M | $56.5M | +11.98% | +17.08% |
| Q2 2010 | 2010-07-02 | $486.1M | $48.0M | +10.95% | +15.11% |
| Q1 2010 | 2010-04-02 | $356.6M | $76.3M | +27.23% | +11.86% |
| Q4 2009 | 2009-12-31 | $435.3M | $34.9M | +8.71% | +17.66% |
| Q3 2009 | 2009-10-02 | $471.7M | — | — | +17.15% |
| Q2 2009 | 2009-07-03 | $438.1M | — | — | +16.39% |
| Q1 2009 | 2009-04-03 | $280.3M | — | — | +10.67% |
| Q3 2008 | 2008-09-26 | $400.4M | — | — | +12.48% |
Danaher free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $5.42B to $5.26B, a compound annual decline of 0.59%. Danaher's latest reported quarter, Q2 2026, generated $1.26B in free cash flow, an increase of 16.06% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Danaher filings at SEC.gov ↗