CAH vs MCK
Cardinal Health Inc. and McKesson Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CAH | MCK |
|---|---|---|
| Revenue | $254.2B | $403.4B |
| Net income | $1.7B | $4.8B |
| Gross margin | 3.8% | 3.6% |
| Net margin | 0.7% | 1.3% |
| Return on equity | · | · |
| Diluted EPS | $7.23 | $38.38 |
| Dividend / share | $2.04 | $3.17 |
| Payout ratio | 28.6% | 8.0% |
| Free cash flow | $4.5B | $5.7B |
| Equity | $-2.9B | $-2.2B |
| Net debt / equity | · | · |
| Current ratio | 0.88× | 0.85× |
| Revenue CAGR 5y | 9.4% | 11.1% |
| Profit CAGR 5y | 22.9% | · |
MCK bills 1.6× the revenue of CAH, and keeps more of each dollar of revenue as profit (1.3% against 0.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CAH | MCK |
|---|---|---|
| FY2025 | $254.2B | $403.4B |
| FY2024 | $222.6B | $359.1B |
| FY2023 | $226.8B | $309.0B |
| FY2022 | $205.0B | $276.7B |
| FY2021 | $181.3B | $264.0B |
| FY2020 | $162.5B | $238.2B |
| FY2019 | $152.9B | $231.1B |
| FY2018 | $145.5B | $214.3B |
| FY2017 | $136.8B | $208.4B |
| FY2016 | $130.0B | $198.5B |
Bottom line
| Fiscal year | CAH | MCK |
|---|---|---|
| FY2025 | $1.7B | $4.8B |
| FY2024 | $1.6B | $3.3B |
| FY2023 | $852.0M | $3.0B |
| FY2022 | $330.0M | $3.6B |
| FY2021 | $-938.0M | $1.1B |
| FY2020 | $611.0M | $-4.5B |
| FY2019 | $-3.7B | $900.0M |
| FY2018 | $1.4B | $34.0M |
| FY2017 | $256.0M | $67.0M |
| FY2016 | $1.3B | $5.1B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$149,182,000,000 | MCK |
| FY2024 | −$136,473,000,000 | MCK |
| FY2023 | −$82,124,000,000 | MCK |
| FY2022 | −$71,732,000,000 | MCK |
| FY2021 | −$82,640,000,000 | MCK |
| FY2020 | −$75,761,000,000 | MCK |
| FY2019 | −$78,129,000,000 | MCK |
| FY2018 | −$68,785,000,000 | MCK |
| FY2017 | −$71,548,000,000 | MCK |
| FY2016 | −$68,557,000,000 | MCK |
| FY2015 | −$69,338,000,000 | MCK |
| FY2014 | −$76,514,000,000 | MCK |
| FY2013 | −$46,308,000,000 | MCK |
| FY2012 | −$21,103,000,000 | MCK |
| FY2011 | −$14,769,000,000 | MCK |
| FY2010 | −$9,440,000,000 | MCK |
| FY2009 | −$10,199,000,000 | MCK |
| FY2008 | −$10,640,500,000 | MCK |
| FY2007 | −$14,294,800,000 | MCK |
MCK has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.6 pp | MCK |
| FY2024 | −0.3 pp | MCK |
| FY2023 | −0.6 pp | MCK |
| FY2022 | −1.2 pp | MCK |
| FY2021 | −1.0 pp | MCK |
| FY2020 | +2.2 pp | CAH |
| FY2019 | −2.9 pp | MCK |
| FY2018 | +0.8 pp | CAH |
| FY2017 | +0.0 pp | CAH |
| FY2016 | −1.6 pp | MCK |
| FY2015 | −0.0 pp | MCK |
| FY2014 | +0.3 pp | CAH |
| FY2013 | +0.4 pp | CAH |
| FY2012 | −0.8 pp | MCK |
| FY2011 | −0.2 pp | MCK |
| FY2010 | −0.1 pp | MCK |
| FY2009 | −0.5 pp | MCK |
| FY2008 | +0.4 pp | CAH |
The higher net margin has changed hands between CAH and MCK over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CAH's net margin has been more volatile than MCK's over the 18 comparable fiscal years — 0.8 percentage points of standard deviation against 0.8.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CAH and MCK over these 18 fiscal years — CAH led in 6 and MCK in 12.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CAH's return on equity has been more volatile than MCK's over the 13 comparable fiscal years — 28.9 percentage points of standard deviation against 11.8.
13 of 14 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CAH and MCK over these 13 fiscal years — CAH led in 7 and MCK in 6.
13 of 14 comparable fiscal years — a year missing data on either side is not counted.