Danaher Corporation (DHR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DHR Revenue Growth
Revenue Breakdown (FY 2025)
DHR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
DHR Revenue Analysis (2014–2025)
As of May 6, 2026, Danaher Corporation (DHR) generated trailing twelve-month (TTM) revenue of $24.78 billion, reflecting modest growth of +3.7% year-over-year. The most recent quarter (Q1 2026) recorded $5.95 billion in revenue, down 13.0% sequentially.
Looking at the longer-term picture, DHR's 5-year compound annual growth rate (CAGR) stands at +2.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $29.45 billion in 2021.
Revenue diversification analysis shows DHR's business is primarily driven by Revenue from Contract with Customer, Measurement, Recurring (82%), and Revenue from Contract with Customer, Measurement, Nonrecurring (18%). With over half of revenue concentrated in Revenue from Contract with Customer, Measurement, Recurring, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including TMO (+5.4% YoY), A (+8.1% YoY), and WAT (+26.4% YoY), DHR has underperformed the peer group in terms of revenue growth. Compare DHR vs TMO →
DHR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DHRCurrent | $24.8B | +3.7% | +2.0% | 20.9% | |
 TMO | $44.6B | +5.4% | +6.7% | 18.2% | |
 A | $6.9B | +8.1% | +5.4% | 21.3% | |
 WAT | $3.2B | +26.4% | +6.0% | 28.2% | |
 BIO | $2.6B | +1.9% | +0.3% | 10.5% | |
 BRKR | $3.4B | +2.1% | +10.2% | 7.5% |
DHR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $24.57B | +2.9% | $14.97B | 60.9% | $5.14B | 20.9% |
| 2024 | $23.88B | -0.1% | $14.21B | 59.5% | $5.18B | 21.7% |
| 2023 | $23.89B | -10.3% | $14.03B | 58.7% | $5.28B | 22.1% |
| 2022 | $26.64B | -9.5% | $16.19B | 60.8% | $7.54B | 28.3% |
| 2021 | $29.45B | +32.2% | $17.95B | 61.0% | $8.05B | 27.3% |
| 2020 | $22.28B | +24.4% | $12.47B | 56.0% | $4.31B | 19.4% |
| 2019 | $17.91B | +5.1% | $9.98B | 55.7% | $3.36B | 18.8% |
| 2018 | $17.05B | -7.0% | $9.51B | 55.8% | $3.07B | 18.0% |
| 2017 | $18.33B | +8.6% | $10.23B | 55.8% | $3.15B | 17.2% |
| 2016 | $16.88B | +17.0% | $9.38B | 55.6% | $2.99B | 17.7% |
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Start ComparisonDHR — Frequently Asked Questions
Quick answers to the most common questions about buying DHR stock.
Is DHR's revenue growth accelerating or slowing?
DHR revenue growth slowed to +3.7%, below the 5-year CAGR of +2.0%. TTM revenue is $24.8B. The deceleration marks a shift from historical growth rates.
What is DHR's long-term revenue growth rate?
Danaher Corporation's 5-year revenue CAGR of +2.0% reflects the variable expansion pattern. Current YoY growth of +3.7% is near this long-term average.
How is DHR's revenue distributed by segment?
DHR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.