Danaher Corporation
DHR Healthcare Diagnostics & Research
Danaher Corporation’s revenue for fiscal 2025 (year ended December 2025) was $24.6 billion, up 2.90% from fiscal 2024. In the quarter to June 2026, revenue grew 5.54%, EPS grew 59.7%, free cash flow grew 15.6% and total debt rose 49.2%, each against the same quarter a year earlier. Member of the S&P 500.
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Danaher Corporation (DHR) EV/FCF
As of 16 October 2026, Danaher Corporation (DHR) trades at a EV/FCF of 33.2×. Over the past ten years it has ranged from 11.4× (September 2015) to 43.4× (August 2024); the current reading is higher than 83% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 33.4× | (2.06%) |
| FY2024 | 34.1× | 7.61% |
| FY2023 | 31.7× | 29.38% |
| FY2022 | 24.5× | (23.32%) |
| FY2021 | 32.0× | 12.35% |
| FY2020 | 28.5× | (4.19%) |
| FY2019 | 29.7× | 40.24% |
| FY2018 | 21.2× | (6.67%) |
| FY2017 | 22.7× | 17.18% |
| FY2016 | 19.4× | 18.35% |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 28.3× | 2.90% |
| Mar 2026 | 27.5× | (17.84%) |
| Dec 2025 | 33.4× | 7.61% |
| Sep 2025 | 31.1× | (2.38%) |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| IQV IQVIA Holdings Inc. compare | 25.8× |
| DHR Danaher Corporation | 33.2× |
| IDXX IDEXX Laboratories, Inc. compare | 36.0× |
| TMO Thermo Fisher Scientific Inc. compare | 39.5× |
| A Agilent Technologies, Inc. compare | 39.9× |
| MTD Mettler-Toledo International, Inc. compare | 40.2× |
| ILMN Illumina, Inc. compare | 44.1× |
| WAT Waters Corporation compare | 129× |
| NTRA Natera, Inc. compare | 658× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on DHR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement