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MARKETS / NYSE / COR
NYSE · WHOLESALE-DRUGS, PROPRIETARIES & DRUGGISTS' SUNDRIES · LARGE CAP

Cencora, Inc. COR

19 fiscal years on record · USD · FY2025 reported · SEC filings only
11 YEARS OF DIVIDEND GROWTH
$321.3B
▲ 9.3% YoY
$1.6B
▲ 3.0% YoY
$3.2B
▲ 7.0% YoY
In brief

What this company does

Cencora distributes brand-name, specialty brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to healthcare providers in the United States and select global markets. It also furnishes healthcare providers and pharmaceutical manufacturers with related services, including data analytics, outcomes research, and reimbursement and pharmaceutical consulting services. As of September 30, 2025, the company had more than 51,000 employees globally, of which approximately 47,000 were full-time and approximately 41% were based in the United States. Its top 10 customers, including governmental agencies and group purchasing organizations, accounted for approximately 66% of revenue, with Walgreens and Boots together representing approximately 25% and Evernorth Health Services approximately 13%. The business is organized geographically around the products and services it provides, and its operations are comprised of two reportable segments, U.S. Healthcare Solutions and International Healthcare Solutions. The parent of the group is Cencora, Inc., a Delaware corporation.

Written from the business description in Cencora, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 November 2025. Every sentence was checked against that document before publication.

Growth
USD 321.3B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 321.3 · Net income 1.6
200B2007201020132016201920222025
Compound annual growth
+10.4%
+11.1%
+9.0%
+9.9%
−2.9%
+6.1%
−0.3%
+6.1%
+5.8%
+6.6%
+2.6%
+3.9%
−8.8%
+4.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
0 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 0.8% · Net 0.5%
0.5%1.0%1.5%-1.0%-2.0%2007201020132016201920222025
ROE
FY2025 · ROE 144.3%
10000%20000%2007201020132016201920222025

Each USD of equity produced 144 cents of profit this year.

Cash & shareholders
USD 843.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 3.2
2B2007201020132016201920222025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.4 · Net buybacks 0.4
1B2BDividendsNet buybacks2007201020132016201920222025
Dividends paidUSD 437.1M
Net buybacksUSD 406.3M
Share of profit54.3%
Consecutive raises11 years (since the 2014 share-count change)

USD 437.1M in dividends and USD 406.3M in buybacks — 54% of the year's profit went back to shareholders.

Total assetsUSD 76.6B
EquityUSD 1.5B
CashUSD 4.4B
Gross debtUSD 7.7B
Net debtUSD 3.3B
Current ratio0.90×

Net debt stands at 219% of equity.

The 19-year record
19 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B321.3294.0262.2238.6214.0189.9179.6167.9153.1146.8136.0119.688.078.178.777.871.870.265.7
Operating income $B2.62.22.32.42.4−5.11.11.41.11.50.40.80.91.31.21.10.90.80.8
EBITDA $B3.73.33.33.12.9−4.71.61.91.51.90.71.01.11.41.31.21.00.90.9
Income tax $B0.70.50.40.50.7−1.90.1−0.40.6−0.00.40.40.30.50.40.40.30.30.3
Net income $B1.61.51.71.71.5−3.40.91.70.41.4−0.10.30.40.70.70.60.50.30.5
Free cash flow $B3.23.03.52.22.21.82.01.11.02.73.71.20.61.21.00.90.60.61.1
EPS, diluted $7.967.538.538.047.39−16.654.047.531.646.32−0.631.161.842.802.542.221.660.771.25
Dividend / sh $2.202.041.941.841.761.661.601.521.461.361.160.940.840.520.430.320.210.15·
Payout %2828232324−1040208820−184784518171412198
ROE %144.3258.41124.428805.8·−366.529.466.417.4104.0−10.812.918.227.024.322.518.68.615.1
Shares out B0.190.190.200.210.210.200.210.210.220.220.210.220.230.240.260.280.290.31·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 93 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityWholesale-Drugs, Proprietaries & Druggists' Sundries
Listed onNYSE
Incorporated inDelaware
Fiscal year endsSeptember 30
Data on record since2007

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