McKesson Corp (MCK)

McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: North American Pharmaceutical, Oncology & Multispecialty, Prescription Technology Solutions, and Medical-Surgical Solutions. The company distributes branded, generic, specialty, biosimilar and over-the-counter pharmaceutical drugs, and other healthcare-related products; delivers products to retail pharmacies, hospitals, long-term care centers, clinics, and institutions; and provides logistics and distribution services for manufacturers. It also provides consulting, outsourcing, technological, and other services, as well as sells financial, operational, and clinical solutions to pharmacies; gene therapy with InspiroGene, practice consulting, and vaccine distribution services; and technology solutions, as well as research, insights, technologies, and services to improve cancer and specialty care. In addition, the company helps in solving medication access, affordability, and adherence challenges for patients by working across healthcare to connect patients, pharmacies, providers, pharmacy benefit managers, health plans, and biopharma companies. Further, it offers technology services, which includes electronic prior authorization, prescription price transparency, benefit insight, dispensing support services, patient enrollment, third-party logistics, and wholesale distribution support; medical-surgical supplies, laboratory equipment, pharmaceutical distribution, logistics, and other services to healthcare providers, including physician offices, surgery centers, and hospital reference labs, nursing homes, hospice and home health care agencies, government facilities ,and online marketplaces and retailers. McKesson Corporation was founded in 1833 and is headquartered in Irving, Texas.

Symbol
MCK
Exchange
NYSE
Sector
Healthcare
Industry
Medical Distribution
Market cap
$107.10B
52 week range
723.68 - 999

Valuation

Share price
$902.28 (close of 2026-10-02)
P/E (TTM)
24.10x
Price to book
-27.72x
Price to free cash flow
16.69x
Enterprise value
$113.64B
Book value per share
$-32.55

Price performance

PeriodChange
1 day+0.38%
5 days+4.11%
1 month-2.43%
3 months+14.75%
6 months+2.04%
Year to date+10.00%
1 year+18.92%
3 years+106.27%
5 years+351.09%
10 years+441.10%
All time+5368.36%

Members of Congress who disclosed MCK trades

Jonathan Jackson · Gilbert Ray Cisneros · Jared Moskowitz · Markwayne Mullin · Ritchie Torres · Val Hoyle · Alan Armstrong · Jefferson Shreve · Josh Gottheimer · Julia Letlow · Lizzie Fletcher · Rick Larsen

Super investors holding MCK

Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates) · Stephen Mandel (Lone Pine Capital LLC)

Profitability and growth

Return on equity
-267.98%
Return on invested capital
178.55%
Return on assets
5.78%
Return on capital employed
40.59%
Gross margin
3.61%
Net margin
1.18%
EBITDA margin
1.72%
Revenue growth
12.36%
Net income growth
44.52%
Free cash flow growth
3.08%

Cash flow and balance sheet

Free cash flow yield (TTM)
5.99%
Current ratio
0.89x
Net debt to EBITDA
0.87x

Latest reported year

Period end
2026-03-31
Fiscal year
2026
Revenue
$403.43B
Cost of revenue
$388.88B
Gross profit
$14.55B
EBITDA
$6.94B
Net income
$4.76B
Earnings per share
$38.55
Shares outstanding
123.60M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-03-31$403.43B$14.55B$4.76B$38.55
2025-03-31$359.05B$13.32B$3.29B$25.86
2024-03-31$308.95B$12.83B$3.00B$22.54
2023-03-31$276.71B$12.36B$3.56B$25.23
2022-03-31$263.97B$13.13B$1.11B$7.32
2021-03-31$238.23B$12.15B-$4.54B$-28.26
2020-03-31$231.05B$12.02B$900.00M$4.98
2019-03-31$214.32B$11.75B$34.00M$0.17
2018-03-31$208.36B$11.18B$67.00M$0.32
2017-03-31$198.53B$11.27B$5.07B$22.95

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-03-313.61%1.18%-267.98%178.55%
2025-03-313.71%0.92%-194.51%70880.00%
2024-03-314.15%0.97%-187.74%271.52%
2023-03-314.47%1.29%-238.93%308.43%
2022-03-314.97%0.42%-62.17%57.74%
2021-03-315.10%-1.91%-2593.71%-123.09%
2020-03-315.20%0.39%16.95%22.75%
2019-03-315.48%0.02%0.41%3.51%
2018-03-315.37%0.03%0.67%4.99%
2017-03-315.68%2.55%44.97%32.33%

Cash and debt by year

Period endCashDebt
2026-03-31$3.98B$6.53B
2025-03-31$5.69B$5.65B
2024-03-31$4.58B$5.63B
2023-03-31$4.68B$5.59B
2022-03-31$3.53B$5.88B
2021-03-31$6.28B$7.15B
2020-03-31$4.01B$7.39B
2019-03-31$2.98B$7.59B
2018-03-31$2.67B$7.88B
2017-03-31$2.78B$8.36B

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-03-31$5.72B$247.00M
2025-03-31$5.55B$226.00M
2024-03-31$3.88B$182.00M
2023-03-31$4.77B$162.00M
2022-03-31$4.05B$161.00M
2021-03-31$4.09B$151.00M
2020-03-31$4.01B$119.00M
2019-03-31$3.61B$95.00M
2018-03-31$3.94B$69.00M
2017-03-31$4.34B$115.00M

Dividend history

Most recent payment
2026-09-01
Paid in the last twelve months
$3.40
Payment dateDividend per share
2026-09-01$0.94
2026-06-01$0.82
2026-03-02$0.82
2025-12-01$0.82
2025-09-02$0.82
2025-06-02$0.71
2025-03-03$0.71
2024-12-02$0.71

Investor relations

Next earnings report

Next confirmed report
2026-11-04
Consensus EPS estimate
$10.72

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-05Jun/2026$9.44
2026-05-07Mar/2026$11.56
2026-02-04Dec/2025$9.31
2025-11-05Sep/2025$8.92
2025-08-06Jun/2025$8.23
2025-05-08Mar/2025$9.81
2025-02-05Dec/2024$8.04
2024-11-06Sep/2024$6.89

Filings and sources

Company website
mckesson.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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