Stock · MCK · Healthcare

McKesson Corporation

United States · Large Cap · listed since 1994 · Revenue 12 mo. $411B

Price as of 11/06/2026

StockScorer score
4.5
of 10 5 of 11 points Low Match To the score
Price
$1,060.84
1 Y +13.9%
Market cap
$123.2B
Phase
Growth
revenue growing, core business profitable
Revenue +13.4% a year (3 years)EBIT margin 1.6%Payout 83.6% of operating cash flow

McKesson Corporation provides healthcare services in the United States and internationally.

moreless

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, 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.

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Summary

McKesson Corporation is around the middle of the Healthcare sector overall

53.1 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 10.1% FCF growth a year, more than achieved over the last 5 and 10 years.

If free cash flow stays at €4.9B (2026), it supports €53.9B. The remaining €56.6B of the market value assume it grows 10.1% a year for 10 years and not at all afterwards.

Required FCF growth per year

10.1%

no growth afterwards

Market value breakdown€110.6B market value, price as of 11/06/2026

€53.9B without growth
€56.6B priced-in growth
  • 5 yrs achieved 4.8%
  • 10 yrs achieved 3.4%
  • priced in 10.1%

Valuation against its own history

Price to operating cash flow 18.5×, above its usual range.

Middle half of 20 quarters: 10.1× to 14.6×, median 12.2×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 0.2% of revenue (10 years)
  • Steady FCF margin at least 1.2%, range 0.9 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in 10.1%, achieved at most 4.8%
  • Volatile earnings 4 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 2 of 3 changes for the better.

  • FCF, 12 mo.$5.4B → $6.2B+14.3%better
  • Net debt$4.6B → $6.5B+40.9%worse
  • Shares outstanding123M → 119M−2.9%better

4 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, FCF margin

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability23.2below the middleEarns less than the sector: Gross margin 3.61%, sector 60.99%.
MetricStockSector medianPosition in sector
Return on equity−265.44%11.52%Rank 2
Return on capital (Greenblatt)136.56%32.55%Rank 96
EBIT margin1.60%18.31%Rank 9
FCF margin1.34%14.12%Rank 9
Gross margin3.61%60.99%Rank 1
Growth49.2around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year12.36%8.04%Rank 74
Earnings growth, 3 years per year15.30%5.44%Rank 69
Earnings growth, 5 years per yeardoes not count towards the rank–7.00%
Sustainable growth (ROE × retained earnings)0.18%3.66%Rank 5
Valuation68.2above the middleValued lower than the sector: EV/sales 0.32, sector 4.03.
MetricStockSector medianPosition in sector
Earnings yield3.62%2.90%Rank 64
FCF yield4.39%3.63%Rank 60
EV/saleslower is better0.324.03Rank 95
EV/EBITlower is better19.8121.73Rank 54
Momentum76.4above the middleShare price doing better than the sector: Share price, 3 months 27.13%, sector 15.42%.
MetricStockSector medianPosition in sector
Share price, 1 year13.95%8.66%Rank 57
Share price, 6 months44.60%24.27%Rank 82
Share price, 3 months27.13%15.42%Rank 84
Distance from 52-week high−1.04%−7.35%Rank 83
Quality63.0above the middleQuality above the sector: Change in share count −3.12%, sector 0.00%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better2.59%0.30%Rank 30
Change in share countlower is better−3.12%0.00%Rank 90
Dividend streak in years2610Rank 90
Price reaction to results, market-adjusted−0.42%0.05%Rank 42
Balance sheet & risk38.7below the middleMore risk than the sector: Equity ratio −2.64%, sector 48.40%.
MetricStockSector medianPosition in sector
Equity ratio−2.64%48.40%Rank 3
Net debt/EBITDAlower is better0.651.11Rank 59
Debt to equitylower is betterdoes not count towards the rank−3.970.48
Volatility, 1 yearlower is better31.04%31.42%Rank 54

Ten years in figures

Revenue from $198.5B (2017) to $403.4B (2026), 8.2% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCF, $BSharesNet debt, $B
2017198.51.7%4.2223M5.8
2018208.41.4%3.8209M5.2
2019214.31.4%3.5197M4.6
2020231.11.3%3.9182M5.4
2021238.21.5%3.9161M3.1
2022264.01.0%3.9154M4.0
2023276.71.6%4.6142M2.6
2024309.01.3%3.6134M2.8
2025359.11.2%5.2128M1.7
2026403.41.6%5.4124M4.6
4.5 / 10Low MatchStockScorer score5 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

McKesson Corporation mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 33%This stock · Growth: 50%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How McKesson Corporation's score is built

McKesson Corporation is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

5 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does McKesson Corporation stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Magic Formula: Value + Quality
  • Undervalued Stocks: Multi-Factor Check
  • Dividend Aristocrats & Continuity
  • Mohanram G-Score: Growth Quality
  • Growth Momentum (CAN SLIM principle)
  • Defensive: Low Volatility
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Altman Z-Score: Stress Test
  • Balanced GARP
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)

McKesson Corporation key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for McKesson Corporation.

MetricStockSector
P/E ratio27.630.0
P/B ratio−56.44.8
Return on equity (ROE)−265.4%11.5%
Equity ratio−2.6%48.4%
Debt-to-equity (D/E)−3.970.48
Dividend yield0.3%1.3%

Similar stocks in Healthcare

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
MCKMcKesson Corporationthis page
CORCencora Inc.Low4.5
CAHCardinal Health IncMedium5.5
SIG.AXSigma Healthcare Ltdlocked
HSICHenry Schein Inclocked
M12.DEM1 Kliniken AGlocked

Frequently asked questions about McKesson Corporation stock

How does McKesson Corporation stock (MCK) score in the StockScorer model?
McKesson Corporation stock reaches a StockScorer score of 4.5 out of 10, which is a low match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is McKesson Corporation's P/E ratio?
McKesson Corporation's P/E ratio is 27.6. The Healthcare sector median is 30.0.
What sector is McKesson Corporation in?
McKesson Corporation is assigned to the Healthcare sector. Its rank within the sector is 53.1 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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