MCK

McKesson
D

MCK

Arincen73/100B

If you had invested in McKesson ago, it would be worth $7,921 today, against $4,048 in SPY and $6,247 in QQQ.

ArincenArincen ScoreBeta

73/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

McKesson key facts

Style
Growth stock · 5.8/10Growth 5.8 · Value 5.8 · Dividend 2.0
Day range
1,061.28 – 1,087.11
52-week range
723.68 – 1,121.50
Market capitalization
125.36B USD
P/E
27.81
PEG ratio
1.84
EPS
39.05
Div Yield
0.35%
EPS growth forecast (FY2027)
+15.3%
Volume
38,524
Beta
0.28
ESG score
64.3/100Environment 64 · Social 57 · Governance 72
Sector
Healthcare
Industry
Medical - Distribution
CEO
Brian S. Tyler
Employees
42K
IPO date
10 Nov 1994

McKesson earnings

Next earnings · Q3 FY2027
EPS estimate
10.94 USD
Revenue estimate
113.63B USD
Last quarter · Q2 FY2027
EPS11.68Beat +9.0%Revenue110.96BBeat +1.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY202812.67——+15.84%119.62B——+5.27%
Q2 FY202812.70——+8.77%116.24B——+4.76%
Q1 FY202811.57——+16.50%112.01B——+6.29%
Q3 FY202710.94——+17.13%113.63B——+7.04%
Q2 FY202710.7211.68+8.96%+18.46%109.90B110.96B+0.97%+7.57%
Q1 FY20279.569.93+3.87%+20.22%103.88B105.38B+1.45%+7.72%
Q4 FY202611.5611.69+1.12%+15.51%101.35B96.30B-4.98%+6.02%
Q3 FY20269.179.34+1.85%+16.31%105.80B106.16B+0.34%+11.40%
Q2 FY20269.039.86+9.19%+39.46%104.14B103.15B-0.95%+10.14%
Q1 FY20268.148.26+1.47%+4.82%96.18B97.83B+1.71%+23.39%

McKesson analyst forecast

12-month price target
998.57 USD
-8.03%

Analysts' 1-year price targets range from 845.00 to 1,200.00, with an average of 998.57.

Past year
1-year forecast
Strong sellStrong buy
Buy
11 ratings
Buy
8
Hold
3
Sell
0

12-month price target

Highest target1,200.00
Average target998.57
Lowest target845.00
Current price1,085.80

McKesson valuation

Price to earnings ratio (TTM)
27.81
Forward P/E (FY2027)
24.04
Price to sales (TTM)
0.30
EV / EBITDA (TTM)
17.22

Capital structure

Market capitalization
125.36B USD
+
Total debt
11.16B USD
−
Cash and short-term investments
6.53B USD
=
Enterprise value
130.00B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)18.55————
FY2028 (est.)21.1418.55———
FY2027 (est.)24.0421.14———
Now (TTM)27.8122.170.30—17.22
FY202622.4519.160.27-49.2415.55
FY202526.0217.270.24-41.3416.65
FY202423.8016.390.23-36.2615.91
FY202314.1112.890.18-27.059.63
FY202241.8811.810.18-20.5217.67

McKesson against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Stryker, Bristol-Myers Squibb, Vertex Pharmaceuticals, HCA Healthcare, CVS Health, and Danaher, the US Healthcare companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median27.8
    15.146.9
  • Gross marginBelow its median3.6%
    3.5%4.8%
    Against its peers: 7 of 7Peers' median 62.4%
  • Operating marginAbove its median1.6%
    1.0%1.6%
    Against its peers: 7 of 7Peers' median 20.2%
  • Net marginAbove its median1.2%
    0.4%1.3%
    Against its peers: 6 of 7Peers' median 13.8%
  • Free cash flow marginBelow its median1.3%
    1.2%1.7%
    Against its peers: 7 of 7Peers' median 19.2%
  • Revenue growthAbove its median12.4%
    4.8%16.2%
    Against its peers: 1 of 7Peers' median 7.5%
  • EPS growthAbove its median49.2%
    -10.6%246.3%
    Against its peers: 1 of 5Peers' median 1.8%
  • Debt to EBITDALowest in 5 years1.20×
    1.20×2.63×
    Against its peers: 2 of 7Peers' median 2.87×
  • Current ratioLowest in 5 years0.85
    0.850.95
    Against its peers: 5 of 7Peers' median 1.56

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

McKesson growth and profitability

Revenue (TTM)
418.79B USD
Net income (TTM)
4.70B USD
Gross margin
3.67%
Operating margin
1.62%
Net margin
1.12%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY2026403.43B+12.36%4.76B+44.52%3.61%1.60%1.18%7.18B+36.68%
FY2025359.05B+16.22%3.30B+9.76%3.48%1.22%0.92%5.25B+12.51%
FY2024308.95B+11.65%3.00B-15.67%3.95%1.27%0.97%4.67B-14.93%
FY2023276.71B+4.83%3.56B+219.57%4.29%1.61%1.29%5.49B+91.42%
FY2022263.97B+10.80%1.11B—4.79%1.03%0.42%2.87B—

McKesson revenue breakdown

By product

FY2026
North American Pharmaceutical: 83.4%Oncology And Multispecialty: 12.0%Medical-Surgical Solutions: 2.9%Prescription Technology Solutions: 1.4%Other: 0.3%83.4%North American Pharmaceutical12.0%Oncology And Multispecialty2.9%Medical-Surgical Solutions1.4%Prescription Technology Solutions
SegmentRevenueShare of revenueChange on the year
North American Pharmaceutical336.65B83.4%—
Oncology And Multispecialty48.42B12.0%—
Medical-Surgical Solutions11.51B2.9%+1.1%
Prescription Technology Solutions5.81B1.4%+11.3%
Other1.04B0.3%—

By region

FY2020
United States: 83.4%International: 16.6%83.4%United States16.6%International
RegionRevenueShare of revenueChange on the year
United States192.71B83.4%+9.3%
International38.34B16.6%+0.8%

How McKesson makes its money

North American Pharmaceutical336.65B 83.4%
Oncology And Multispecialty48.42B 12.0%
Medical-Surgical Solutions11.51B 2.9%
Prescription Technology Solutions5.81B 1.4%
Other1.04B 0.3%
Revenue403.43B 100.0%
Cost of revenue388.88B 96.4%
Gross profit14.55B 3.6%
Research and development103.00M 0.0%
Other operating expenses7.99B 2.0%
Operating income6.45B 1.6%
Tax1.10B 0.3%
Other expense590.00M 0.1%
Net income4.76B 1.2%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

McKesson dividends

Annual dividend
3.76 USD
Dividend yield (indicated)
0.35%
Payout ratio
11.11%
Years of dividend growth
19
Frequency
Quarterly
Next payment
0.94 USD
Next ex-dividend date
1 Dec 2026
Next payment date
4 Jan 2027

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.952.572.241.951.731.651.581.411.181.12

McKesson financial health

Cash and short-term investments
6.53B USD
Total debt
11.16B USD
Net cash
-4.63B USD
Free cash flow (TTM)
6.91B USD
Current ratio
0.90
Piotroski score
7 / 9
Altman Z-score
5.82

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20263.98B8.61B5.41B
FY20255.69B7.39B5.23B
FY20244.58B7.39B3.63B
FY20234.68B7.30B4.60B
FY20223.53B7.54B3.90B

McKesson ownership

Institutions
87.13%
Institutional holders
2,089 (-24)
Free float
99.94%

Who owns the shares

Institutions 87.1% Others 12.9%
As of 30 Jun 2026

Shares free to trade

Free float 115.38M shares ·99.9% Closely held 74.12K shares ·0.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202603398.002.61K
Q3 2026033.14K8.88K
Q2 202608100.73K71.05K
Q1 2026065.26K11.28K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026123.60M124.10M-3.12%
FY2025127.40M128.10M-4.47%
FY2024133.20M134.10M-5.70%
FY2023141.10M142.20M-7.72%
FY2022152.30M154.10M-4.05%

Source: Financial Modeling Prep

Related Instruments

Title: McKesson Corp

Sector: Healthcare
Industry: Medical - Distribution
McKesson is one of three leading pharmaceutical wholesalers in the US engaged in sourcing and distributing branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and Cardinal Health, the three account for over 90% of the US pharmaceutical wholesale industry. Outside the US market, McKesson engages in pharmaceutical wholesale and distribution in Canada. Additionally, the company supplies medical-surgical products and equipment to healthcare facilities and provides a variety of technology solutions for pharmacies.

Common questions about McKesson stock

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