Danaher Corporation
danaher.comWhat Do They Do?
Sells equipment, consumables and services for biological medicine production, life sciences research and medical diagnostics to drug and biotechnology companies, research organizations, and hospitals and laboratories.
10-K for FY2025, filed Feb 24, 2026The Biotechnology segment offers a broad range of equipment, consumables, software and services that are primarily used by customers to…View ↗
The Life Sciences segment offers a broad range of instruments, consumables, services and software that are primarily used by customers to…View ↗
The Diagnostics segment offers clinical instruments, consumables, software and services that hospitals, physicians’ offices, reference…View ↗
How Do They Make Money?
Danaher sells equipment and consumables in one-time sales; services, extended warranties and operating-type leases generate revenue over their terms, while some long-term contracts generate revenue as work progresses.
10-K for FY2025, filed Feb 24, 2026Revenue Recognition—The Company derives revenues primarily from the sale of life sciences research, biopharmaceutical drug production and…View ↗
Certain of the Company’s revenues relate to operating-type lease (“OTL”) arrangements. Leases are outside the scope of ASC 606 and are…View ↗
The Company’s products and services primarily consist of life sciences research, biopharmaceutical drug production and medical diagnostic…View ↗
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10-K for FY2025, filed Feb 24, 2026
FY2025 revenue by product or service ↗
$24.6B
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10-K for FY2025, filed Feb 24, 2026
$24.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Recurring
Mix
10-K for FY2025, filed Feb 24, 2026 |
82%
FY2022: 78%
|
Recurring, FY2025
$20.1B Sources
|
Mix |
|
Nonrecurring
Mix
10-K for FY2025, filed Feb 24, 2026 |
18%
FY2022: 22%
|
Nonrecurring, FY2025
$4.4B Sources
|
Mix |
Who Are Their Customers?
Pharmaceutical and biotechnology companies, research organizations, hospitals and laboratories buy Danaher's products through its sales teams and independent distributors.
10-K for FY2025, filed Feb 24, 2026The bioprocessing business is a leading provider of technologies, consumables, services and solutions that advance, accelerate and…View ↗
Customers served by the Biotechnology segment select products based on several factors, including product quality and reliability, the…View ↗
The life sciences instruments business enables the discovery, development and manufacture of new therapies. Key product areas include…View ↗
Customers served by the Diagnostics segment select products based on a number of factors, including product quality and reliability, the…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 15 cents of every revenue dollar as net income in FY2025 and turned 21 cents into free cash flow.
10-K for FY2025, filed Feb 24, 2026
$4.7BView ↗
10-K for FY2025, filed Feb 24, 2026
$3.6BView ↗
10-K for FY2025, filed Feb 24, 2026
$5.3BView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Oct 21, 2026
Open tableView ↗
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Oct 21, 2026
Danaher raised full-year adjusted earnings-per-share guidance
Full-year 2026 guidance rose to $8.57 to $8.62, from the previous range of $8.45 to $8.60.
Sources
8-K, filed Oct 21, 2026
For full year 2026, the Company is increasing its full year adjusted diluted net earnings per common share guidance to a range of $8.57 to…View ↗
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Aug 3, 2026
Julie Sawyer Montgomery became CEO as Rainer Blair retired
Montgomery took the role effective October 1; Blair was to serve as a senior advisor until March 31, 2027.
Sources
8-K, filed Aug 3, 2026
WASHINGTON, D.C., August 3, 2026 – PR Newswire – Danaher Corporation (NYSE: DHR) (“Danaher” or “the Company”) announced that the Company’s…View ↗
Flat. Revenue was $24.6B in FY2025, about the same as the $24.8B of FY2021.
Segment portfolio
The older report includes Environmental & Applied Solutions as a segment, while the latest describes biotechnology, life sciences and diagnostics segments.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 24, 2026Danaher is a global science and technology innovator committed to helping customers solve complex challenges and improving quality of life…View ↗
Danaher is a global science and technology innovator committed to accelerating the power of science and technology to improve human health.…View ↗
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