Danaher (XTER:DAP) FCF Margin %: 18.23% (As of Mar. 2026) — 16% Below Median


XTER:DAP Danaher Corp XTER:DAP
72 GF Score
Price €166.35
GF Value €208.73
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Danaher FCF Margin %?

Danaher XTER:DAP +6.26% 72 FCF Margin % is 18.23% as of Mar. 2026, which is 16% below its 10-year median of 21.80. GuruFocus rates XTER:DAP with a GF Score™ of 72/100 and a GF Value™ of €208.73 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 204 Medical Diagnostics & Research companies, Danaher ranks better than 90.2% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Danaher's Free Cash Flow for the three months ended in Mar. 2026 was €939 Mil. Danaher's Revenue for the three months ended in Mar. 2026 was €5,148 Mil. Therefore, Danaher's FCF Margin % for the quarter that ended in Mar. 2026 was 18.23%.

As of today, Danaher's current FCF Yield % is 3.96%.

The historical rank and industry rank for Danaher's FCF Margin % or its related term are showing as below:

XTER:DAP' s FCF Margin % Range Over the Past 10 Years
Min: 17.37   Med: 21.8   Max: 28.7
Current: 21.33


During the past 13 years, the highest FCF Margin % of Danaher was 28.70%. The lowest was 17.37%. And the median was 21.80%.

XTER:DAP's FCF Margin % is ranked better than
90.2% of 204 companies
in the Medical Diagnostics & Research industry
Industry Median: -1.845 vs XTER:DAP: 21.33


Danaher FCF Margin % Related Terms


Danaher FCF Margin % Historical Data

* Premium members only.

The historical data trend for Danaher's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Danaher FCF Margin % Chart

Danaher Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.70 27.78 24.20 22.18 21.41

Danaher Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.36 18.36 22.63 25.53 18.23

XTER:DAP vs TMO, IDXX, A: FCF Margin % Comparison

For the Diagnostics & Research subindustry, Danaher's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Danaher FCF Margin % vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Danaher's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Danaher's FCF Margin % falls into.


XTER:DAP
72GF Score
Danaher Corp XTER:DAP
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Danaher FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Danaher's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=4492.04/20981.072
=21.41 %

Danaher's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=938.525/5147.615
=18.23 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 18.23% mean?
Danaher (XTER:DAP) has a FCF Margin % of 18.23% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Danaher and its competitors. This is 16% below median its historical median of 21.80. Over the past decade, Danaher's FCF Margin % has ranged from 17.37 to 28.70. According to the industry distribution chart, Danaher ranks #20 out of 204 companies in the Medical Diagnostics & Research industry, placing it in the top 9.8%.
Is Danaher's FCF Margin % too high?
Danaher's current FCF Margin % of 18.23% is 16% below median its 10-year median of 21.80. Over the past 10 years, this metric has ranged from a low of 17.37 to a high of 28.70. Based on the distribution chart, Danaher ranks #20 out of 204 companies in the Medical Diagnostics & Research industry, which is in the top quartile — a strong position relative to peers. Overall, Danaher has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Danaher's FCF Margin % compare to TMO and IDXX?
According to the Medical Diagnostics & Research industry distribution chart, Danaher ranks #20 out of 204 companies for FCF Margin %. This places Danaher in the top 10% of its industry — outperforming the majority of peers. Historically, Danaher's own FCF Margin % has ranged from 17.37 to 28.70 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Medical Diagnostics & Research company?
A good FCF Margin % depends on the Medical Diagnostics & Research industry context. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Danaher and its competitors. Danaher's current FCF Margin % is 18.23%, which is 16% below median its own 10-year median of 21.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Danaher stock overvalued right now?
Based on GuruFocus' analysis, Danaher (XTER:DAP) is currently considered Modestly Undervalued. The stock's GF Value™ is €208.73, compared to a current price of €166.35 — trading 20.3% below its estimated fair value. The current FCF Margin % is 18.23%, which is 16% below median its 10-year median of 21.80. Danaher's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Danaher (XTER:DAP), the current FCF Margin % is 18.23% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Danaher (XTER:DAP) Overvalued in 2026?

Based on GuruFocus' analysis, Danaher stock appears to be undervalued. The current stock price of €166.35 is trading 20.3% below its estimated GF Value™ of €208.73. GuruFocus considers Danaher to be Modestly Undervalued.

Key valuation signals for XTER:DAP:

  • FCF Margin %: 18.23% (16% below median its 10-year median of 21.80)
  • GF Value™: €208.73 vs. price of €166.35 (20.3% below fair value)
  • GF Score™: 72/100 with 4 warning signs

No single metric tells the full story. See the XTER:DAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Danaher Business Description

Address 2200 Pennsylvania Avenue, NW, Suite 800W, Washington, DC, USA, 20037-1701
In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Then, through a series of mergers, acquisitions, and divestitures, Danaher now focuses primarily on manufacturing scientific instruments and consumables in the life sciences and diagnostic industries after the late 2023 divestiture of its environmental and applied solutions group, Veralto.
72GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€166.35
Price
€208.73
GF Value