MCK McKesson Corporation Common Stock

NYSE · Health Care · View on SEC EDGAR ↗

$733.87

Price · Jun 2, 2026

Fundamentals as of May 8, 2026

MCK Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$733.87

Market Cap

$242.30B

P/E (TTM)

22.5

EPS (TTM)

$38.38

Revenue (TTM)

$403.43B

Div Yield

0.16%

ROE

-224.3%

Debt/Equity

—

52W Range

$637 – $999

MCK Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $403.43B

2017-03-31 → 2026-03-31

EPS $38.38

2017-03-31 → 2026-03-31

Free Cash Flow $5.72B

2017-03-31 → 2026-03-31

Margins 1.2%

2017-03-31 → 2026-03-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

MCK

Peer Median

P/E (TTM)

22.5

24.6

P/S (TTM)

0.6

0.3

P/B

-111.6

3.1

Price / FCF

42.4

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

MCK

Peer Median

Gross Margin

3.6%

3.5%

Operating Margin

1.5%

—

Net Profit Margin

1.2%

-23.3%

ROA

6.0%

-28.4%

ROE

-224.3%

-51.0%

ROIC

-235.2%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

MCK

Peer Median

Current Ratio

0.9

0.6

Quick Ratio

0.5

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

MCK

Peer Median

Revenue YoY

12.4%

—

Revenue CAGR 3Y

13.4%

—

Revenue CAGR 5Y

11.1%

—

EPS YoY

49.2%

—

Net Income YoY

44.5%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

MCK

Peer Median

EPS (Diluted)

$38.38

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

MCK

Peer Median

Payout Ratio

8.0%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

0.16%

Payout Ratio

8.0%

5Y Div CAGR

—

Ex-date	Amount
March 2, 2026	$0.8200
Dec. 1, 2025	$0.8200
Sept. 2, 2025	$0.8200
June 2, 2025	$0.7100
March 3, 2025	$0.7100
Dec. 2, 2024	$0.7100
Aug. 30, 2024	$0.7100
June 3, 2024	$0.6200
Feb. 29, 2024	$0.6200
Nov. 30, 2023	$0.6200
Aug. 31, 2023	$0.6200
May 31, 2023	$0.5400
Feb. 28, 2023	$0.5400
Nov. 30, 2022	$0.5400
Aug. 31, 2022	$0.5400
May 31, 2022	$0.4700
Feb. 28, 2022	$0.4700
Nov. 30, 2021	$0.4700
Aug. 31, 2021	$0.4700
May 28, 2021	$0.4200

MCK Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 23 analysts

Strong Buy 9 39.1%
Buy 11 47.8%
Hold 3 13.0%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

15 analysts · 2026-05-27

Median $945.00

← Below all targets $733.87

Low $812.00

High $1065.00

Median target $945.00 +28.8%

Mean target $949.73 +29.4%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.20%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$11.69	$11.68	0.01%
Dec. 31, 2025	$9.34	$9.31	0.03%
Sept. 30, 2025	$9.86	$9.13	0.73%
June 30, 2025	$8.26	$8.23	0.03%
March 31, 2025	$10.12	$9.92	0.20%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
MCK	$242.30B	22.5	12.4%	1.2%	-224.3%	3.6%
COR	$60.61B	39.3	9.3%	0.48%	144.3%	3.6%
CAH	—	26.0	-1.9%	0.70%	-52.1%	3.7%
HSIC	$8.81B	23.3	4.0%	3.0%	12.0%	31.1%
AHCO	$1.35B	-19.2	-0.49%	-2.2%	-4.6%	—
ACH	—	—	—	—	—	—
ZSTK	$7M	-0.1	-0.53%	-335.6%	-319.0%	4.6%
WGRX	—	-0.3	28.7%	—	—	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18

Annual Income Statement data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$403.43B	$359.05B	$308.95B	$276.71B	$263.97B	$238.23B	$231.05B	$214.32B	$208.36B	$198.53B	$190.88B	$179.04B
Cost of Revenue	$388.88B	$345.73B	$296.12B	$264.35B	$250.84B	$226.08B	$219.03B	$202.56B	$197.17B	$187.26B	$179.47B	$167.63B
Gross Profit	$14.55B	$13.32B	$12.83B	$12.36B	$13.13B	$12.15B	$12.02B	$11.75B	$11.18B	$11.27B	$11.42B	$11.41B
R&D Expense	·	·	·	·	·	·	$96M	$71M	$125M	$341M	$392M	$392M
SG&A Expense	$8.10B	$8.51B	$8.66B	$7.78B	$10.54B	$8.85B	$9.18B	$8.44B	$8.14B	$7.45B	$7.38B	$7.90B
Operating Expenses	$8.34B	$8.90B	$8.92B	$7.98B	$11.09B	$17.19B	$9.53B	$10.87B	$10.42B	$4.15B	$7.87B	$8.44B
Operating Income	$6.21B	$4.42B	$3.91B	$4.38B	$2.04B	$-5.04B	$2.49B	$886M	$762M	$7.12B	$3.54B	$2.97B
Interest Expense	·	·	$252M	$248M	$178M	$217M	$249M	$264M	$283M	·	·	·
Interest Income	$179M	$173M	$118M	$107M	$10M	$12M	$49M	$39M	$48M	$29M	$18M	$20M
Other Non-op	$44M	$-38M	$34M	$279M	$108M	$30M	$37M	$21M	$7M	$18M	$25M	$31M
Pretax Income	$6.20B	$4.36B	$3.79B	$4.63B	$1.93B	$-5.03B	$1.14B	$610M	$239M	$6.89B	$3.25B	$2.66B
Income Tax	$1.10B	$878M	$629M	$905M	$636M	$-695M	$18M	$356M	$-53M	$1.61B	$908M	$815M
Net Income	$4.76B	$3.29B	$3.00B	$3.56B	$1.11B	$-4.54B	$900M	$34M	$67M	$5.07B	$2.26B	$1.48B
EPS (Basic)	$38.55	$25.86	$22.54	$25.23	$7.32	$-28.26	$4.98	$0.17	$0.32	$22.95	$9.82	$6.37
EPS (Diluted)	$38.38	$25.72	$22.39	$25.03	$7.23	$-28.26	$4.95	$0.17	$0.32	$22.73	$9.70	$6.27
Shares (Basic)	123,600,000	127,400,000	133,200,000	141,100,000	152,300,000	160,600,000	180,600,000	196,300,000	208,000,000	221,000,000	230,000,000	232,000,000
Shares (Diluted)	124,100,000	128,100,000	134,100,000	142,200,000	154,100,000	160,600,000	181,600,000	197,300,000	209,000,000	223,000,000	233,000,000	235,000,000
EBITDA	$6.50B	$4.69B	$4.19B	$4.65B	$2.35B	$-4.70B	$2.49B	$886M	$762M	$7.11B	$3.54B	$2.97B

Balance Sheet 29

Annual Balance Sheet data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Equivalents	$3.98B	$5.69B	$4.58B	$4.68B	$3.53B	$6.28B	$4.01B	$2.98B	$2.67B	$2.78B	$4.05B	$5.34B
Receivables	$27.98B	$25.64B	$21.62B	$19.41B	$18.58B	$19.18B	$19.95B	$18.25B	$17.71B	$18.21B	$17.98B	$15.91B
Inventory	$24.21B	$23.00B	$21.14B	$19.69B	$18.70B	$19.25B	$16.73B	$16.71B	$16.31B	$15.28B	$15.34B	$14.30B
Prepaid Expense	$1.04B	$1.06B	$626M	$513M	$898M	$665M	$617M	$529M	$443M	$672M	$1.07B	$1.12B
Current Assets	$57.21B	$55.40B	$47.97B	$44.29B	$46.23B	$45.38B	$42.22B	$38.47B	$37.14B	$36.95B	$38.44B	$36.67B
PP&E (Net)	$2.67B	$2.50B	$2.32B	$2.18B	$2.09B	$2.58B	$2.37B	$2.55B	$2.46B	$2.29B	$2.28B	$2.04B
PP&E (Gross)	$5.28B	$5.03B	$4.78B	$4.41B	$4.09B	$4.79B	$4.19B	$4.33B	$3.93B	$3.80B	$3.78B	$3.44B
Accum. Depreciation	$2.61B	$2.53B	$2.47B	$2.23B	$1.99B	$2.21B	$1.83B	$1.78B	$1.47B	$1.51B	$1.51B	$1.40B
Goodwill	$11.32B	$10.02B	$10.13B	$9.95B	$9.45B	$9.49B	$9.36B	$9.36B	$10.92B	$10.59B	$9.79B	$9.82B
Intangibles	$4.08B	$1.46B	$2.11B	$2.28B	$2.06B	$2.88B	$3.16B	$3.69B	$4.10B	$3.67B	$3.02B	$3.44B
Other Non-current Assets	$4.99B	$3.97B	$3.19B	$1.99B	$1.92B	$2.58B	$2.26B	$2.10B	$2.03B	$3.42B	$3.00B	$1.90B
Total Assets	$82.32B	$75.14B	$67.44B	$62.32B	$63.30B	$65.02B	$61.25B	$59.67B	$60.38B	$60.97B	$56.52B	$53.87B
Accounts Payable	$59.97B	$55.33B	$47.10B	$42.49B	$38.09B	$38.98B	$37.20B	$33.85B	$32.18B	$31.02B	$28.59B	$25.17B
Accrued Liabilities	$5.49B	$4.83B	$4.92B	$4.20B	$4.54B	$3.99B	$3.34B	$3.44B	$3.38B	$3.00B	$3.95B	$3.77B
Short-term Debt	·	·	$0	$0	$0	$0	$0	$0	$0	$183M	$7M	$135M
Current Liabilities	$67.02B	$61.60B	$52.36B	$47.96B	$48.47B	$44.10B	$42.62B	$37.63B	$36.69B	$35.61B	$35.07B	$33.50B
Capital Leases	$1.80B	$1.48B	$1.47B	$1.40B	$1.37B	$1.87B	$1.66B	·	·	·	·	·
Deferred Tax	$1.33B	$1.03B	$917M	$1.39B	$1.42B	$1.41B	$2.25B	$3.00B	$2.80B	$3.68B	$2.73B	$859M
Other Non-current Liabilities	$2.66B	$2.66B	$2.61B	$1.81B	$1.54B	$1.72B	$1.66B	$2.10B	$2.62B	$1.77B	$1.81B	$1.86B
Long-term Debt	$6.53B	$5.65B	$5.63B	$5.59B	$5.88B	$7.15B	$7.39B	$7.59B	$7.88B	$8.36B	$8.11B	$9.71B
Total Debt	·	·	·	·	·	·	·	·	$0	$183M	$7M	$135M
Common Stock	$3M	$3M	$3M	$3M	$2M	$2M	$2M	$3M	$3M	$3M	$3M	$4M
Paid-in Capital	$8.28B	$8.37B	$8.05B	$7.75B	$7.28B	$6.92B	$6.66B	$6.43B	$6.19B	$6.03B	$5.84B	$6.97B
Retained Earnings	$22.29B	$17.92B	$14.98B	$12.29B	$9.03B	$8.20B	$13.02B	$12.41B	$12.99B	$13.19B	$8.36B	$12.71B
Treasury Stock	$32.01B	$27.44B	$24.12B	$21.00B	$17.05B	$13.67B	$12.89B	$8.90B	$7.66B	$5.98B	$3.72B	$9.96B
AOCI	$-745M	$-932M	$-881M	$-905M	$-1.53B	$-1.48B	$-1.70B	$-1.85B	$-1.72B	$-2.14B	$-1.56B	$-1.71B
Stockholders' Equity	$-2.17B	$-2.07B	$-1.97B	$-1.86B	$-2.27B	$-21M	$5.09B	$8.09B	$9.80B	$11.10B	$8.92B	$8.00B
Liabilities + Equity	$82.32B	$75.14B	$67.44B	$62.32B	$63.30B	$65.02B	$61.25B	$59.67B	$60.38B	$60.97B	$56.52B	$53.87B
Shares Outstanding	280,000,000	279,000,000	278,000,000	277,000,000	275,000,000	273,000,000	·	·	·	·	·	·

Cash Flow 19

Annual Cash Flow data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
D&A	$287M	$272M	$279M	$272M	$312M	$344M	$335M	$317M	$951M	$910M	$885M	$1.02B
Stock-based Comp	·	·	·	·	·	·	·	·	$69M	$115M	$123M	$174M
Deferred Tax	$230M	$-110M	$-603M	$-20M	$34M	$-908M	$-342M	$189M	$-868M	$882M	$64M	$171M
Amort. of Intangibles	$276M	$226M	$249M	$236M	$332M	$422M	$462M	$485M	$503M	$444M	$431M	$494M
Restructuring	$245M	$344M	$115M	$209M	$245M	$219M	$156M	$352M	$13M	$14M	$229M	·
Other Non-cash	$876M	$2.63B	$1.64B	$1.35B	$2.97B	$9.64B	·	·	·	·	·	·
Operating Cash Flow	$6.16B	$6.08B	$4.31B	$5.16B	$4.43B	$4.54B	$4.37B	$4.04B	$4.34B	$4.74B	$3.67B	$3.11B
CapEx	$436M	$537M	$431M	$390M	$388M	$451M	$362M	$426M	$405M	$404M	$488M	$376M
Investing Cash Flow	$-3.43B	$-733M	$-1.07B	$-542M	$-89M	$-415M	$-579M	$-1.38B	$-2.99B	$-3.27B	$-1.56B	$-677M
Debt Issued	$1.99B	$498M	$991M	$997M	$498M	$500M	$0	$1.10B	$1.52B	$1.82B	$0	$3M
Net Debt Issued	$783M	$-21M	$703M	$-277M	$-1.15B	$-540M	$-298M	$-13M	$-765M	$223M	$-1.60B	$-350M
Stock Repurchased	$4.75B	$3.15B	$3.02B	$3.64B	$3.52B	$742M	$1.93B	$1.64B	$1.71B	$2.31B	$1.61B	$450M
Net Stock Activity	$-4.75B	$-3.15B	$-3.02B	$-3.64B	$-3.52B	$-770M	$-1.95B	$-1.64B	$-1.71B	$-2.31B	$-1.61B	$-450M
Dividends Paid	$381M	$345M	$314M	$292M	$277M	$276M	$294M	$292M	$262M	$253M	$244M	$227M
Financing Cash Flow	$-4.63B	$-3.96B	$-3.34B	$-4.37B	$-6.32B	$-1.69B	$-2.73B	$-2.23B	$-3.08B	$-2.07B	$-3.45B	$-968M
Net Change in Cash	$-1.89B	$1.37B	$-94M	$744M	$-2.46B	$2.37B	$1.04B	$309M	$-1.58B	$-738M	$-1.29B	$1.15B
Taxes Paid	$1.21B	$1.12B	$901M	$562M	$359M	$379M	$368M	$262M	$144M	$587M	$923M	$866M
Free Cash Flow	$5.72B	$5.55B	$3.88B	$4.77B	$4.05B	$4.09B	$4.01B	$3.61B	$3.94B	$4.34B	$3.18B	$2.74B
Levered FCF	·	·	$3.67B	$4.57B	$3.93B	$3.90B	$3.77B	·	·	·	·	·

Profitability 8

Annual Profitability data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Gross Margin	3.6%	3.7%	4.2%	4.5%	5.0%	5.1%	5.2%	5.5%	5.4%	5.7%	6.0%	6.4%
Operating Margin	1.5%	1.2%	1.3%	1.6%	0.77%	-2.1%	1.1%	0.41%	0.37%	3.6%	1.9%	1.7%
Net Margin	1.2%	0.92%	0.97%	1.3%	0.42%	-1.9%	0.39%	0.02%	0.03%	2.5%	1.2%	0.82%
Pretax Margin	1.5%	1.2%	1.2%	1.7%	0.73%	-2.1%	0.50%	0.28%	0.11%	3.5%	1.7%	1.5%
EBITDA Margin	1.6%	1.3%	1.4%	1.7%	0.89%	-2.0%	1.1%	0.41%	0.37%	3.6%	1.9%	1.7%
ROA	6.0%	4.6%	4.6%	5.7%	1.7%	-7.2%	1.5%	0.06%	0.11%	8.6%	4.1%	2.8%
ROE	-224.3%	-162.9%	-156.8%	-172.4%	-97.2%	-179.0%	13.7%	0.38%	0.64%	50.6%	26.7%	17.9%
ROIC	-235.2%	-170.3%	-165.4%	-189.8%	-60.1%	20686.5%	48.1%	4.6%	9.5%	48.3%	28.6%	25.3%

Liquidity & Solvency 4

Annual Liquidity & Solvency data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Current Ratio	0.9	0.9	0.9	0.9	1.0	1.0	1.0	1.0	1.0	1.0	1.1	1.1
Quick Ratio	0.5	0.5	0.5	0.5	0.5	0.6	0.6	0.6	0.6	0.6	0.6	0.6
Debt / Equity	·	·	·	·	·	·	·	·	0.0	0.0	0.0	0.0
Interest Coverage	·	·	15.5	17.7	11.4	-23.2	10.0	·	·	·	·	·

Efficiency 3

Annual Efficiency data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Asset Turnover	5.1	5.0	4.8	4.4	4.1	3.8	3.8	3.6	3.4	3.4	3.5	3.4
Inventory Turnover	16.5	15.7	14.5	13.8	13.2	12.6	13.1	12.3	12.5	12.2	12.1	12.3
Receivables Turnover	15.0	15.2	15.1	14.6	14.0	12.2	12.1	11.9	11.6	11.0	11.3	12.1

Per Share 6

Annual Per Share data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Book Value / Share	$-7.76	$-7.43	$-7.09	·	·	·	·	·	·	·	·	·
Revenue / Share	$3250.85	$2802.90	$2303.89	$1945.93	$1712.95	$1483.36	$1269.51	$1087.91	$996.92	$890.28	$819.24	$761.89
Cash Flow / Share	$49.60	$47.50	$32.17	$36.28	$28.77	$28.28	$24.03	$20.49	$20.79	$21.27	$15.76	$13.24
Cash / Share	$14.20	$20.40	$16.49	·	·	·	·	·	·	·	·	·
Dividend / Share	$3	$3	$2	$2	$2	$2	$2	$2	$1	$1	$1	$1
EPS (TTM)	$38.38	$25.72	$22.39	$25.03	$7.23	$-28.26	$4.95	$0.17	$0.32	$22.73	$9.70	$6.27

Growth Rates 8

Annual Growth Rates data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue YoY	12.4%	16.2%	11.7%	4.8%	10.8%	·	·	·	·	·	·	·
Revenue CAGR 3Y	13.4%	10.8%	9.0%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	11.1%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	49.2%	14.9%	-10.5%	246.2%	·	·	·	·	·	·	·	·
EPS CAGR 3Y	15.3%	52.6%	·	·	·	·	·	·	·	·	·	·
Net Income YoY	44.5%	9.8%	-15.7%	219.6%	·	·	·	·	·	·	·	·
Net Income CAGR 3Y	10.2%	43.5%	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	6.7%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 12

Annual Valuation (TTM) data for MCK
Metric	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue TTM	$403.43B	$359.05B	$308.95B	$276.71B	$263.97B	$238.23B	$231.05B	$214.32B	$208.36B	$198.53B	$190.88B	$179.04B
Net Income TTM	$4.76B	$3.29B	$3.00B	$3.56B	$1.11B	$-4.54B	$900M	$34M	$67M	$5.07B	$2.26B	$1.48B
Market Cap	$242.30B	$187.76B	$149.24B	·	·	·	·	·	·	·	·	·
P/E	22.5	26.2	24.0	14.2	42.3	-6.9	27.3	688.6	440.2	6.5	16.2	36.1
P/S	0.6	0.5	0.5	·	·	·	·	·	·	·	·	·
P/B	-111.6	-90.5	-75.7	·	·	·	·	·	·	·	·	·
P / Cash Flow	39.4	30.9	34.6	·	·	·	·	·	·	·	·	·
P / FCF	42.4	33.8	38.4	·	·	·	·	·	·	·	·	·
Dividend Yield	0.16%	0.18%	0.21%	·	·	·	·	·	·	·	·	·
Earnings Yield	4.4%	3.8%	4.2%	7.0%	2.4%	-14.5%	3.7%	0.15%	0.23%	15.3%	6.2%	2.8%
Payout Ratio	8.0%	10.5%	10.5%	8.2%	24.9%	-6.1%	32.7%	858.8%	391.0%	5.0%	10.8%	15.4%
Annual Payout	$381M	$345M	$314M	$292M	$277M	$276M	$294M	$292M	$262M	$253M	$244M	$227M

Income Statement 16

Quarterly Income Statement data for MCK
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q1 2022
Revenue	$96.30B	$106.16B	$103.15B	$97.83B	$90.82B	$95.29B	$93.65B	$79.28B	$76.36B	$80.90B	$77.22B	$74.48B	$68.91B	$70.49B	$70.16B	$67.15B
Cost of Revenue	$92.25B	$102.47B	$99.61B	$94.55B	$87.18B	$92.01B	$90.40B	$76.13B	$72.77B	$77.75B	$74.15B	$71.46B	$65.84B	$67.32B	$67.06B	$64.13B
Gross Profit	$4.04B	$3.69B	$3.54B	$3.28B	$3.64B	$3.28B	$3.25B	$3.15B	$3.58B	$3.15B	$3.07B	$3.02B	$3.07B	$3.17B	$3.10B	$3.02B
SG&A Expense	$1.80B	$2.03B	$2.07B	$2.20B	$1.98B	$2.03B	$2.50B	$2.00B	$2.19B	$2.51B	$2.09B	$1.87B	$1.96B	$1.90B	$1.95B	$1.96B
Operating Expenses	$1.89B	$2.07B	$2.13B	$2.24B	$2.05B	$2.06B	$2.67B	$2.12B	$2.37B	$2.51B	$2.12B	$1.92B	$2.09B	$1.93B	$1.97B	$1.99B
Operating Income	$2.15B	$1.62B	$1.41B	$1.04B	$1.59B	$1.22B	$578M	$1.03B	$1.22B	$642M	$951M	$1.10B	$980M	$1.24B	$1.12B	$1.04B
Interest Expense	·	·	·	·	·	$67M	$78M	$75M	·	$64M	$61M	$47M	·	$69M	$55M	$45M
Other Non-op	$-156M	$74M	$62M	$64M	$-271M	$69M	$34M	$130M	$-64M	$34M	$26M	$38M	$-187M	$276M	$175M	$15M
Pretax Income	$2.12B	$1.63B	$1.40B	$1.05B	$1.51B	$1.23B	$534M	$1.08B	$1.17B	$612M	$916M	$1.09B	$932M	$1.45B	$1.24B	$1.01B
Income Tax	$270M	$380M	$232M	$220M	$209M	$298M	$247M	$124M	$340M	$-18M	$213M	$94M	$106M	$329M	$271M	$199M
Net Income	$1.68B	$1.19B	$1.11B	$784M	$1.26B	$879M	$241M	$915M	$791M	$589M	$664M	$958M	$787M	$1.08B	$926M	$768M
EPS (Basic)	$13.69	$9.63	$8.95	$6.28	$9.96	$6.98	$1.88	$7.04	$6.07	$4.45	$4.95	$7.07	$5.73	$7.71	$6.47	$5.32
EPS (Diluted)	$13.62	$9.59	$8.92	$6.25	$9.90	$6.95	$1.87	$7.00	$6.03	$4.42	$4.92	$7.02	$5.69	$7.66	$6.42	$5.26
Shares (Basic)	-248,500,000	123,200,000	124,000,000	124,900,000	-257,100,000	126,000,000	128,700,000	129,800,000	-268,900,000	132,500,000	134,100,000	135,500,000	-286,100,000	139,900,000	143,100,000	144,200,000
Shares (Diluted)	-249,500,000	123,700,000	124,400,000	125,500,000	-258,500,000	126,600,000	129,300,000	130,700,000	-270,600,000	133,300,000	134,800,000	136,600,000	-288,800,000	141,000,000	144,100,000	145,900,000
EBITDA	·	$1.62B	$1.41B	$1.04B	·	$1.22B	$578M	$1.03B	·	$642M	$951M	$1.10B	·	$1.24B	$1.12B	$1.04B

Balance Sheet 29

Quarterly Balance Sheet data for MCK
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q1 2022
Cash & Equivalents	$3.98B	$2.96B	$4.00B	$2.42B	$5.69B	$1.13B	$2.51B	$2.30B	$4.58B	$1.98B	$2.52B	$2.64B	$4.68B	$2.77B	$2.92B	$2.23B
Receivables	$27.98B	$28.21B	$28.29B	$28.16B	$25.64B	$25.83B	$25.27B	$23.74B	$21.62B	$23.07B	$22.49B	$21.86B	·	$20.54B	$20.11B	$19.90B
Inventory	$24.21B	$27.07B	$26.13B	$25.07B	$23.00B	$23.84B	$24.18B	$25.57B	$21.14B	$22.02B	$21.95B	$20.51B	·	$20.66B	$19.88B	$19.50B
Prepaid Expense	$1.04B	$1.46B	$1.46B	$1.16B	$1.06B	$942M	$751M	$636M	$626M	$572M	$568M	$533M	·	$675M	$722M	$590M
Current Assets	$57.21B	$59.70B	$59.89B	$56.80B	$55.40B	$51.74B	$53.34B	$52.25B	$47.97B	$47.64B	$47.53B	$45.54B	·	$44.66B	$46.45B	$45.38B
PP&E (Net)	$2.67B	$2.63B	$2.63B	$2.57B	$2.50B	$2.40B	$2.36B	$2.36B	$2.32B	$2.20B	$2.17B	$2.17B	·	$2.14B	$2.07B	$2.08B
PP&E (Gross)	$5.28B	·	·	·	$5.03B	·	·	·	$4.78B	·	·	·	·	·	·	·
Accum. Depreciation	$2.61B	·	·	·	$2.53B	·	·	·	$2.47B	·	·	·	·	·	·	·
Goodwill	$11.32B	$11.32B	$11.28B	$11.37B	$10.02B	$10.00B	$10.09B	$10.12B	$10.13B	$9.97B	$9.93B	$9.97B	$9.95B	$9.93B	$9.24B	$9.37B
Intangibles	$4.08B	$4.18B	$4.22B	$4.27B	$1.46B	$1.51B	$1.57B	$2.04B	$2.11B	$2.10B	$2.14B	$2.22B	·	$2.27B	$1.87B	$1.98B
Other Non-current Assets	$4.99B	$4.30B	$4.15B	$4.13B	$3.97B	$3.67B	$3.57B	$3.16B	$3.19B	$2.92B	$2.63B	$2.50B	·	$2.03B	$1.90B	$1.89B
Total Assets	$82.32B	$84.19B	$84.16B	$81.31B	$75.14B	$71.08B	$72.43B	$71.67B	$67.44B	$66.51B	$66.09B	$64.10B	·	$62.69B	$63.08B	$62.30B
Accounts Payable	$59.97B	$60.68B	$60.94B	$57.86B	$55.33B	$49.69B	$53.32B	$51.70B	$47.10B	$46.70B	$46.80B	$43.98B	·	$42.24B	$41.00B	$39.71B
Accrued Liabilities	$5.49B	$6.03B	$5.07B	$4.92B	$4.83B	$5.03B	$4.79B	$4.38B	$4.92B	$4.40B	$4.01B	$4.09B	·	$4.45B	$4.28B	$4.08B
Short-term Debt	·	·	·	·	·	$2.42B	·	·	·	$218M	·	·	·	$617M	·	·
Current Liabilities	$67.02B	$68.13B	$68.03B	$64.33B	$61.60B	$58.56B	$58.77B	$56.43B	$52.36B	$51.66B	$51.15B	$48.42B	·	$48.01B	$48.36B	$47.20B
Capital Leases	$1.80B	$1.78B	$1.76B	$1.86B	$1.48B	$1.49B	$1.23B	$1.47B	$1.47B	$1.42B	$1.44B	$1.46B	·	$1.41B	$1.31B	$1.36B
Deferred Tax	$1.33B	$1.11B	$1.09B	$987M	$1.03B	$1.09B	$1.05B	$928M	$917M	$978M	$1.11B	$1.14B	·	$1.47B	$1.66B	$1.54B
Other Non-current Liabilities	$2.66B	$2.74B	$2.75B	$2.87B	$2.66B	$2.60B	$2.71B	$2.52B	$2.61B	$2.38B	$2.20B	$2.07B	·	$1.80B	$1.54B	$1.55B
Long-term Debt	$6.53B	$6.56B	$7.76B	$7.78B	$5.65B	$5.59B	$5.74B	$5.63B	$5.63B	$5.67B	$5.58B	$5.66B	·	·	·	·
Total Debt	·	·	·	·	·	$2.42B	·	·	·	$218M	·	·	·	$617M	·	·
Common Stock	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	$3M	·	$3M	$3M	$3M
Paid-in Capital	$8.28B	$8.55B	$8.50B	$8.45B	$8.37B	$8.29B	$8.22B	$8.13B	$8.05B	$7.96B	$7.90B	$7.82B	·	$7.54B	$7.61B	$7.35B
Retained Earnings	$22.29B	$20.71B	$19.62B	$18.62B	$17.92B	$16.75B	$15.96B	$15.81B	$14.98B	$14.27B	$13.76B	$13.18B	·	$11.58B	$10.58B	$9.73B
Treasury Stock	$32.01B	$29.65B	$28.95B	$28.14B	$27.44B	$27.14B	$26.31B	$24.78B	$24.12B	$23.47B	$22.60B	$21.76B	·	$20.68B	$18.84B	$18.14B
AOCI	$-745M	$-903M	$-908M	$-898M	$-932M	$-989M	$-890M	$-913M	$-881M	$-812M	$-887M	$-848M	·	$-899M	$-1.11B	$-948M
Stockholders' Equity	$-2.17B	$-1.30B	$-1.74B	$-1.97B	$-2.07B	$-3.08B	$-3.02B	$-1.75B	$-1.97B	$-2.05B	$-1.83B	$-1.60B	·	$-2.46B	$-1.77B	$-2.00B
Liabilities + Equity	$82.32B	$84.19B	$84.16B	$81.31B	$75.14B	$71.08B	$72.43B	$71.67B	$67.44B	$66.51B	$66.09B	$64.10B	·	$62.69B	$63.08B	$62.30B
Shares Outstanding	280,000,000	280,000,000	280,000,000	280,000,000	279,000,000	·	·	·	278,000,000	278,000,000	278,000,000	·	277,000,000	·	·	·

Cash Flow 15

Quarterly Cash Flow data for MCK
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q1 2022
D&A	$196M	$188M	$188M	$157M	$151M	$153M	$163M	$169M	·	·	·	·	·	·	·	·
Amort. of Intangibles	$73M	$73M	$80M	$50M	$50M	$53M	$60M	$63M	$63M	$62M	$62M	$62M	$66M	$57M	$57M	$56M
Restructuring	$99M	$36M	$63M	$47M	$68M	$32M	$234M	$10M	$31M	$4M	$28M	$52M	$125M	$31M	$30M	$23M
Operating Cash Flow	$3.42B	$1.23B	$2.42B	$-918M	$7.75B	$-2.38B	$2.10B	$-1.38B	$4.15B	$254M	$965M	$-1.05B	$3.33B	$1.67B	$1.11B	$-941M
CapEx	$111M	$108M	$106M	$111M	$169M	$126M	$136M	$106M	$188M	$90M	$75M	$78M	$125M	$108M	$86M	$71M
Investing Cash Flow	$425M	$-269M	$-24M	$-3.56B	$-224M	$-136M	$-286M	$-87M	$-577M	$-180M	$-166M	$-149M	$-244M	$-414M	$77M	$39M
Debt Issued	$0	$0	$0	$1.99B	$0	$0	$498M	$0	$0	$0	$0	$991M	$498M	$499M	$0	$0
Net Debt Issued	·	·	·	$1.99B	·	·	·	$0	·	·	·	$723M	·	·	·	$-2M
Stock Repurchased	$2.67B	$680M	$818M	$581M	$300M	$827M	$1.49B	$527M	$678M	$842M	$809M	$696M	$138M	$2.02B	$484M	$1.00B
Net Stock Activity	·	·	·	$-581M	·	·	·	$-527M	·	·	·	$-696M	·	·	·	$-1.00B
Dividends Paid	$101M	$101M	$89M	$90M	$91M	$92M	$80M	$82M	$82M	$83M	$75M	$74M	$76M	$77M	$68M	$71M
Financing Cash Flow	$-2.82B	$-2.03B	$-961M	$1.18B	$-2.85B	$1.30B	$-1.60B	$-809M	$-968M	$-622M	$-909M	$-843M	$-1.19B	$-1.43B	$-572M	$-1.18B
Net Change in Cash	$1.01B	$-1.06B	$1.43B	$-3.27B	$4.67B	$-1.23B	$207M	$-2.28B	$2.60B	$-541M	$-113M	$-2.04B	$1.90B	$-180M	$618M	$-1.59B
Free Cash Flow	·	·	·	$-1.03B	·	·	·	$-1.49B	·	·	·	$-1.13B	·	·	·	$-1.01B
Levered FCF	·	·	·	·	·	·	·	$-1.55B	·	·	·	$-1.17B	·	·	·	$-1.05B

Profitability 8

Quarterly Profitability data for MCK
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q1 2022
Gross Margin	·	3.5%	3.4%	3.4%	·	3.5%	3.5%	4.0%	·	3.9%	4.0%	4.1%	·	4.5%	4.4%	4.5%
Operating Margin	·	1.5%	1.4%	1.1%	·	1.3%	0.62%	1.3%	·	0.79%	1.2%	1.5%	·	1.8%	1.6%	1.5%
Net Margin	·	1.1%	1.1%	0.80%	·	0.92%	0.26%	1.1%	·	0.73%	0.86%	1.3%	·	1.5%	1.3%	1.1%
Pretax Margin	·	1.5%	1.4%	1.1%	·	1.3%	0.57%	1.4%	·	0.76%	1.2%	1.5%	·	2.1%	1.8%	1.5%
EBITDA Margin	·	1.5%	1.4%	1.1%	·	1.3%	0.62%	1.3%	·	0.79%	1.2%	1.5%	·	1.8%	1.6%	1.5%
ROA	·	1.5%	1.4%	1.0%	·	1.3%	0.35%	1.4%	·	0.91%	1.0%	1.5%	·	1.7%	1.5%	1.2%
ROE	·	-54.1%	-46.7%	-42.1%	·	-34.2%	-10.0%	-54.5%	·	-26.1%	-36.9%	-53.1%	·	-57.9%	-79.2%	-60.6%
ROIC	·	-95.7%	-67.5%	-41.6%	·	-140.6%	-10.3%	-51.9%	·	-36.0%	-39.9%	-62.7%	·	-52.2%	-49.8%	-41.5%

Liquidity & Solvency 4

Quarterly Liquidity & Solvency data for MCK
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q1 2022
Current Ratio	·	0.9	0.9	0.9	·	0.9	0.9	0.9	·	0.9	0.9	0.9	·	0.9	1.0	1.0
Quick Ratio	·	0.5	0.5	0.5	·	0.5	0.5	0.5	·	0.5	0.5	0.5	·	0.5	0.5	0.5
Debt / Equity	·	·	·	·	·	-0.8	·	·	·	-0.1	·	·	·	-0.3	·	·
Interest Coverage	·	·	·	·	·	18.3	7.4	13.7	·	10.0	15.6	23.4	·	18.0	20.4	23.0

Efficiency 3

Quarterly Efficiency data for MCK
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q1 2022
Asset Turnover	·	1.4	1.3	1.3	·	1.4	1.4	1.2	·	1.3	1.2	1.2	·	1.1	1.1	1.1
Inventory Turnover	·	4.0	4.0	3.7	·	4.0	3.9	3.3	·	3.6	3.5	3.6	·	3.4	3.4	3.2
Receivables Turnover	·	3.9	3.9	3.8	·	3.9	3.9	3.5	·	3.7	3.6	3.6	·	3.6	3.5	3.3

Per Share 6

Quarterly Per Share data for MCK
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q1 2022
Book Value / Share	·	$-4.64	$-6.21	$-7.03	·	·	·	·	·	$-7.38	$-6.58	·	·	·	·	·
Revenue / Share	·	$858.19	$829.18	$779.50	·	$752.72	$724.29	$606.60	·	$606.89	$572.81	$545.26	·	$499.93	$486.86	$460.27
Cash Flow / Share	·	·	·	$-7.31	·	·	·	$-10.56	·	·	·	$-7.70	·	·	·	$-6.45
Cash / Share	·	$10.57	$14.30	$8.64	·	·	·	·	·	$7.13	$9.08	·	·	·	·	·
Dividend / Share	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$0
EPS (TTM)	·	$31.71	$23.99	$22.07	·	$20.24	$18.21	$23.36	·	$24.02	$26.02	$26.36	·	$19.30	$13.35	$10.00

Valuation (TTM) 13

Quarterly Valuation (TTM) data for MCK
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024	Q1 2024	Q4 2024	Q3 2023	Q2 2023	Q1 2023	Q4 2023	Q3 2022	Q2 2022	Q1 2022
Revenue TTM	·	$402.43B	$389.92B	$366.06B	·	$349.13B	$331.05B	$311.88B	·	$303.09B	$292.35B	$282.28B	·	$276.42B	$272.50B	$265.02B
Net Income TTM	·	$3.96B	$3.01B	$2.82B	·	$2.62B	$2.41B	$3.13B	·	$3.29B	$3.63B	$3.73B	·	$2.77B	$1.95B	$1.51B
Market Cap	·	$229.68B	$216.31B	$205.18B	·	·	·	·	·	$128.71B	$120.89B	·	·	·	·	·
Enterprise Value	·	·	·	·	·	·	·	·	·	$126.94B	·	·	·	·	·	·
P/E	·	25.9	32.2	33.2	·	28.2	27.2	25.0	·	19.3	16.7	16.2	·	19.4	25.5	32.6
P/S	·	0.6	0.6	0.6	·	·	·	·	·	0.4	0.4	·	·	·	·	·
P/B	·	-177.0	-124.4	-104.3	·	·	·	·	·	-62.7	-66.1	·	·	·	·	·
P / Cash Flow	·	·	·	-223.5	·	·	·	·	·	·	·	·	·	·	·	·
P / FCF	·	·	·	-199.4	·	·	·	·	·	·	·	·	·	·	·	·
EV / EBITDA	·	·	·	·	·	·	·	·	·	197.7	·	·	·	·	·	·
EV / Revenue	·	·	·	·	·	·	·	·	·	0.4	·	·	·	·	·	·
Earnings Yield	·	3.9%	3.1%	3.0%	·	3.5%	3.7%	4.0%	·	5.2%	6.0%	6.2%	·	5.1%	3.9%	3.1%
Payout Ratio	·	·	·	11.5%	·	·	·	9.0%	·	·	·	7.7%	·	·	·	9.2%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Revenue	$403.43B	$359.05B	$308.95B	$276.71B	$263.97B
Gross Margin %	3.6%	3.7%	4.2%	4.5%	5.0%
Operating Margin %	1.5%	1.2%	1.3%	1.6%	0.77%
Net Income	$4.76B	$3.29B	$3.00B	$3.56B	$1.11B
Diluted EPS	$38.38	$25.72	$22.39	$25.03	$7.23

Balance Sheet

	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Current Ratio	0.9	0.9	0.9	0.9	1.0
Quick Ratio	0.5	0.5	0.5	0.5	0.5

Cash Flow

	2026-03-31	2025-03-31	2024-03-31	2023-03-31	2022-03-31
Free Cash Flow	$5.72B	$5.55B	$3.88B	$4.77B	$4.05B

Latest News Recent headlines mentioning this company

McKesson Corporation (MCK) Surged 50% on Strong Earnings Growth and Resilient Drug Distribution Model Yahoo Finance · 2 weeks, 1 day ago
McKesson (MCK) Q4 2026 Earnings Transcript Yahoo Finance · 3 weeks, 2 days ago
McKesson is Now Oversold (MCK) Nasdaq · 1 month, 1 week ago

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Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

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