Also trades as: DHR-PA (NYSE) · $vol 45M · DHR-PB (NYSE) · $vol 16M · 0R2B.L (LSE) · $vol 2M · DAP.DE (XETRA) · $vol 0M
DHR NYSE
Danaher Corporation
1W: +3.8%
1M: +4.0%
3M: +17.2%
YTD: +1.7%
1Y: +5.4%
3Y: +14.4%
5Y: -11.4%
$232.09
-0.88 (-0.38%)
After Hours: $232.00 (-0.09, -0.04%)
Weekly Expected Move ±4.7%
$209
$220
$230
$241
$252
Credit Risk of going bust: lower than 77% of companies Debt: 13.9% of company value Bonds: $108.9M held by 148 funds, 71 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.66 (down 99%), Danaher Corporation would be worth roughly what it owes.
Total debt $26.48B against a stock market value of $163.77B.
Distance to default 9.04 (Merton model): prices to 2026-10-26, balance sheet 2026-09-25, debt counted $14.29B (short-term plus half of long-term), stock volatility 30.2%; Altman Z'' 3.91. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $2.66 (down 99%), Danaher Corporation would be worth roughly what it owes.
Total debt $26.48B against a stock market value of $163.77B.
Distance to default 9.04 (Merton model): prices to 2026-10-26, balance sheet 2026-09-25, debt counted $14.29B (short-term plus half of long-term), stock volatility 30.2%; Altman Z'' 3.91. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$6.4B
-4.1% ▼
5Y CAGR: +0.7%
Capital Expenditures
$1.2B
+17.0% ▲
5Y CAGR: +7.9%
Free Cash Flow
$5.3B
-0.7% ▼
5Y CAGR: -0.6%
Dividends Paid
$878M
-14.3% ▼
Buybacks
$3.1B
+48.4% ▲
Net Change in Cash
$2.5B
+167.0% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $6.3B | $7.2B | $4.2B | $3.9B | $3.6B |
| Depreciation & Amort. | $2.2B | $2.2B | $2.2B | $2.4B | $2.4B |
| Stock-Based Comp. | $184M | $295M | $306M | $288M | $298M |
| Change in Working Capital | -$658M | -$1.5B | -$393M | $266M | -$710M |
| Other Non-Cash Items | $601M | $830M | $864M | -$117M | $1.2B |
| Operating Cash Flow | $8.4B | $8.5B | $7.2B | $6.7B | $6.4B |
| — Investing Activities — | |||||
| Capital Expenditures | -$1.3B | -$1.2B | -$1.4B | -$1.4B | -$1.2B |
| Acquisitions (Net) | -$10.9B | -$637M | -$5.6B | $0 | $0 |
| Investment Purchases | -$934M | -$523M | -$172M | -$331M | -$127M |
| Investment Sales | $126M | $18M | $61M | $253M | $240M |
| Other Investing | $50M | $60M | $23M | -$511M | -$153M |
| Investing Cash Flow | -$13.0B | -$2.2B | -$7.1B | -$2.0B | -$1.2B |
| — Financing Activities — | |||||
| Net Debt Issuance | $2.0B | -$1.7B | -$1.6B | -$1.7B | $1.0B |
| Stock Repurchased | $0 | $0 | $0 | -$6.0B | -$3.1B |
| Dividends Paid | -$742M | -$818M | -$821M | -$768M | -$878M |
| Other Financing | -$16M | -$95M | $2.1B | -$131M | -$125M |
| Financing Cash Flow | $1.3B | -$2.6B | -$273M | -$8.4B | -$3.0B |
| Net Change in Cash | -$3.4B | $3.4B | -$131M | -$3.8B | $2.5B |
| Cash End of Period | $2.6B | $6.0B | $5.9B | $2.1B | $4.6B |
| Free Cash Flow | $7.1B | $7.4B | $5.8B | $5.3B | $5.3B |