TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

MCK stock analysis: McKesson

McKesson (MCK) is an S&P 500 company in Health Care Distributors. It grades weakest on profitability.

The model's view of MCK · subscribers

Where MCK ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MCK · updated 2026-10-05 · from prices and SEC filings

MCK price performance

MCK against the S&P 500, one year
+0%+20%MCK +21%S&P 500 +18%2025-09-292026-10-05
Year to date+11.9%S&P 500 +14.5% · behind by 2.6 pts
1 year+24.5%S&P 500 +17.0% · ahead by 7.5 pts
3 years+108.1%S&P 500 +89.3% · ahead by 18.8 pts
5 years+373.9%S&P 500 +91.3% · ahead by 282.6 pts

Total returns with dividends reinvested.

MCK factor grades

Each grade compares MCK with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 24.5x (sector 25.5x)FCF yield 6.0% (sector 4.8%)
BGrowthRevenue growth +9% (sector +7%)EPS growth +49% (sector +12%)
C-ProfitabilityOperating margin 1.6% (sector 14.1%)
B-Momentum12-month change +25%From 52-wk high -8%

MCK in plain numbers

MCK key statistics

SectorHealth Care
IndustryHealth Care Distributors
IndexS&P 500
Market value$106.7B
Revenue growth (y/y)+9%
Free-cash-flow yield6.0%
Dividend yield0.4%
Next earnings (expected)2026-11-04
Valuation measures
Market value$106.7B
Enterprise value$111.3B
P/E (trailing)24.5x
Forward P/E (Torvanta estimate)21.8x
PEG (Torvanta estimate)1.75
Price / sales0.3x
EV / revenue0.3x
EV / EBITDA16.3x
Financial highlights
Revenue, last 12 months$411.0B
Net income, last 12 months$4.6B
EPS, last 12 months (GAAP)$37.31
Gross margin3.6%
Operating margin1.6%
Net margin1.1%
Return on invested capital1640.1%
Cash$5.2B
Total debt$9.7B
Free cash flow, last 12 months$6.4B
Interest cover23.6x
Current ratio0.89x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MCK earnings trends

Revenue vs earnings
$0$26.5B$53.1B$79.6B$106.2BSep 2024 Revenue: $93.7BDec 2024 Revenue: $95.3BMar 2025 Revenue: $90.8BJun 2025 Revenue: $97.8BSep 2025 Revenue: $103.2BDec 2025 Revenue: $106.2BMar 2026 Revenue: $96.3BJun 2026 Revenue: $105.4BSep 2024 Net income: $241.0MDec 2024 Net income: $879.0MMar 2025 Net income: $1.3BJun 2025 Net income: $784.0MSep 2025 Net income: $1.1BDec 2025 Net income: $1.2BMar 2026 Net income: $1.7BJun 2026 Net income: $614.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 0.3%Net margin: 0.9%Net margin: 1.4%Net margin: 0.8%Net margin: 1.1%Net margin: 1.1%Net margin: 1.7%Net margin: 0.6%0%1%2%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$3.4$6.8$10.2$13.7Sep 2024 EPS (GAAP, diluted): $1.9Dec 2024 EPS (GAAP, diluted): $7.0Mar 2025 EPS (GAAP, diluted): $9.9Jun 2025 EPS (GAAP, diluted): $6.3Sep 2025 EPS (GAAP, diluted): $8.9Dec 2025 EPS (GAAP, diluted): $9.6Mar 2026 EPS (GAAP, diluted): $13.7Jun 2026 EPS (GAAP, diluted): $5.2Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +377% · Dec 2025 +38% · Mar 2026 +38% · Jun 2026 -18%

From the company's 10-Q and 10-K filings with the SEC.

McKesson financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$264.0B$276.7B$309.0B$359.1B$403.4B
Net income$1.1B$3.6B$3.0B$3.3B$4.8B
EPS (GAAP)$7.18$25.07$22.36$25.74$38.41
Free cash flow$4.0B$4.8B$3.9B$5.5B$5.7B

MCK earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$5.15-18%+8%+5.3%
2026-05-07$13.65+38%+6%-1.5%
2026-02-04$9.59+38%+11%+14.3%
2025-11-05$8.92+377%+10%+2.7%
2025-09-18$6.25-11%+23%-0.1%
2025-08-06$6.25-11%+23%-7.2%

About McKesson

HeadquartersIrving, TX
Industry (SEC code)Wholesale-Drugs, Proprietaries & Druggists' Sundries
Fiscal year endsMarch 31
Incorporated inDE
Listed onNYSE
FormerlyMCKESSON HBOC INC

From the company's SEC registration record.

Companies similar to MCK

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MCK McKesson$106.7B24.5x+9%1.6%+25%
COR Cencora$60.1B23.4x+5%0.9%+5%compare
HSIC Henry Schein$9.4B24.6x+6%5.0%+26%compare
CAH Cardinal Healthn/an/a+19%1.0%+52%compare

All Health Care stock ratings

Frequently asked questions

Is MCK stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MCK are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MCK's P/E ratio?

MCK trades at about 24.5 times its last 12 months of GAAP earnings reported to the SEC, and about 21.8 times Torvanta's own estimate of the next 12 months.

When does MCK report earnings next?

Based on its filing history, Torvanta expects McKesson to report around 2026-11-04.

Does MCK pay a dividend?

Yes. Its dividend yield is about 0.4%, and it has raised its dividend 18 years in a row.

How has MCK performed against the S&P 500?

Over the past year MCK returned +24.5%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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