Life-science tools · Bioprocessing · Diagnostics

Danaher Corporation

Danaher is a large US life-science and technology company organized into three segments: Biotechnology, Life Sciences and Diagnostics. It owns more than 15 operating companies including Cytiva (bioprocessing), Beckman Coulter, SCIEX, Leica, Cepheid and Radiometer. FY2025 revenue was about $24.6 billion, with Diagnostics the largest segment at $9.9 billion and Biotechnology at $7.3 billion. Recurring sales such as consumables and services make up roughly 82% of revenue, and China accounts for about 11% of total sales. Bioprocessing demand recovered in 2025, lifting Biotechnology segment revenue 8.0%.

DHR Updated Jul 12, 2026 4 AI consumers· 4 recurring

Per the valuechain.wiki graph, Danaher Corporation is directly linked to 1 companies (0 supply, 1 revenue relationships) and reaches 5 companies within two hops; the links are backed by 5 dated sources, 3 of them primary filings (as of 2026-07-12).

Annual return · 2026-09-04'21+48.6%'22-19%'23-1.2%'24-0.3%'25+0.4%YTD-8.9%
Money in병원·임상검사실 (진단 소모품)Revenue 9,941 USD_M바이오의약품 제조사 (바이오프로세싱)Revenue 7,293 USD_M삼성바이오로직스 (싸이티바 바이오프로세싱)Market share 90%
Danaher Corporationapprox. $24.6B
Money out전자·계측 부품 공급사 (장비 제조)화학·수지·플라스틱 원재료 공급사 (소모품·석유화학 기반)

Financials & Segments

  • Total revenue · approx. $24.6B (FY2025)
  • Segments · Biotechnology · Life Sciences · Diagnostics

Revenue from

  • 병원·임상검사실 (진단 소모품) High confidence· Revenue 9,941 USD_M · FY2025 · Diagnostics segment sales
    The Diagnostics segment (Cepheid, Beckman Coulter, Radiometer) supplies clinical instruments, consumables and software to hospitals, physicians' offices, reference labs and critical-care settings. FY2025 Diagnostics revenue $9.94B, the largest of the three segments, 89% recurring.
    Confirms EN SEC EDGAR Published Feb 24, 2026: Danaher Corporation FY2025 Form 10-K
    Confirms EN Danaher Investor Relations Published Jan 28, 2026: Danaher Reports Fourth Quarter and Full Year 2025 Results
  • 바이오의약품 제조사 (바이오프로세싱) High confidence· Revenue 7,293 USD_M · FY2025 · Biotechnology segment sales
    The Cytiva/Pall bioprocessing business supplies chromatography resins, filters, cell-culture media and single-use hardware/consumables to pharma, biopharma and CDMOs. FY2025 Biotechnology segment revenue $7.29B (+8.0%), 88% recurring. Cytiva is specced into >90% of global mAb production volume.
    Confirms EN SEC EDGAR Published Feb 24, 2026: Danaher Corporation FY2025 Form 10-K
    Confirms EN StockStory Published Oct 23, 2025: DHR Q3 2025 Deep Dive: Bioprocessing, Diagnostics, and Productivity Initiatives
  • 삼성바이오로직스 (싸이티바 바이오프로세싱) High confidence· Market share 90% · Cytiva coverage of global mAb production volume
    CDMOs/biomanufacturers such as Samsung Biologics use Cytiva chromatography resins (MabSelect Protein A), purification filters and cell-culture media in commercial production. Cytiva leads the Korean resin/media market. Contract values not disclosed.
    Mentions KO FSS DART Published May 15, 2026: Samsung Biologics annual report (FY2025)
    Confirms EN SEC EDGAR Published Feb 24, 2026: Danaher Corporation FY2025 Form 10-K
    Confirms KO The Korea Economic Daily Published Apr 10, 2025: Cytiva, a bioprocessing materials leader, launches two Protein A resins for antibody therapeutics

Pays to

  • 전자·계측 부품 공급사 (장비 제조) Medium confidence
    Danaher's manufacturing uses metallic-based components, electronic components and OEM products among other raw materials, sourced from a large number of suppliers worldwide with no single supplier material to the Company (10-K). Amounts not disclosed.
    Confirms EN SEC EDGAR Published Feb 24, 2026: Danaher Corporation FY2025 Form 10-K
  • 화학·수지·플라스틱 원재료 공급사 (소모품·석유화학 기반) Medium confidence
    Chemistries, plastics and other petroleum-based products feed consumables (resins, filters, reagents, media) and instrument manufacturing. Oil and gas prices indirectly affect freight, utilities and purchased-material costs (10-K). Amounts not disclosed.
    Confirms EN SEC EDGAR Published Feb 24, 2026: Danaher Corporation FY2025 Form 10-K

Value-chain ripple (2 tiers)

Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.

CompanyChain'21'22'23'24'25YTD
Bristol-Myers Squibb Companylead2+2.9+19-26.1+15.8+0.1+28.1
Gilead Sciences, Inc.lead2+30+23.6-2+18.7+36.6+24.5
Pfizer Inc.lead2+66.7-10.4-41.3-2.2+0.6+20.2
LigaChem Bioscienceslead2-26.2-18.1+37.1+151+60.5-54.7
Samsung Biologicslead1-6.8+8.6+5.8+28.7+5-17.1
Danaher Corporationnode+48.6-19-1.2-0.3+0.4-8.9

YTD as of 2026-09-04 · source: Yahoo Finance

Danaher Corporation operates across Life-Science Tools, S&P 500. It is -8.9% in 2026. The stock (-8.9%) and its demand side (avg -17.1%) are moving in step. Bioprocessing demand recovered in 2025, lifting Biotechnology segment revenue 8.0%.

Analysis generated from returns as of 2026-09-04

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