Filing Flows › Danaher (DHR) › Q1 2025
Danaher (DHR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
Danaher (DHR) reported revenue of $5.7B for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and -12% from the quarter before. Operating margin was 22.2%, net earnings $954M (16.6% of revenue).
Danaher, Q1 2025: revenue $5.7B (-0.9% year over year), operating margin 22.2%, net earnings $954M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.7B | -12% | -0.9% |
| Gross profit | $3.5B | -10% | +0.7% |
| Operating profit | $1.3B | -11% | -3% |
| Net earnings | $954M | -12% | -12% |
| Operating cash flow | $1.3B | -36% | -25% |
| Free cash flow | $1.1B | -30% | -27% |
What changed
Revenue was $5.7B in Q1 2025, down 1% year over year and down 12% from the previous quarter. Recurring revenue was the largest line at 84% of revenue. Nonrecurring revenue lost $0.08B year over year (down 8%), 138% of the total change.
Gross margin was 61.2%, up 1.0 points from a year earlier. Operating profit was $1.3B, a 22.2% margin (down 0.4 points year over year). Operating expenses grew 3% against a revenue fall of 1%. Net earnings were $1.0B, down 12% year over year. The effective tax rate was 15.5%.
Operating cash flow was $1.3B (down 25% year over year), 136% of net earnings. Non-cash charges added back $0.59B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.31B. Capital expenditures of $0.24B left free cash flow of $1.1B.
Questions
What was Danaher's revenue in the first quarter 2025?
Danaher (DHR) reported revenue of $5.7B for the first quarter 2025 (Q1 2025), -0.9% from a year earlier and -12% from the quarter before.
Was Danaher profitable in the first quarter 2025?
Operating profit was $1.3B (22.2% of revenue) and net earnings $954M.
Source: Danaher 10-Q on SEC EDGAR.