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Cencora (COR) Financials

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$261.95 +6.29 (+2.46%)
As of 12:26 PM Eastern
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Annual Income Statements for Cencora

Annual Income Statements for Cencora

This table shows Cencora's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 -138 1,428 364 1,658 855 -3,409 1,540 1,699 1,745 1,509 1,554
Consolidated Net Income / (Loss)		 -138 1,428 364 1,616 854 -3,400 1,545 1,667 1,733 1,519 1,568
Net Income / (Loss) Continuing Operations		 -138 1,428 364 1,616 854 -3,400 1,545 1,667 1,733 1,519 1,568
Total Pre-Tax Income 		269 1,391 918 1,177 967 -5,294 2,222 2,183 2,161 2,004 2,258
Total Operating Income		 422 1,526 1,060 1,444 1,112 -5,135 2,354 2,366 2,341 2,175 2,629
Total Gross Profit		 3,529 4,273 4,546 4,612 5,138 5,192 6,943 8,296 8,959 9,910 11,479
Total Revenue		 135,962 146,850 153,144 167,940 179,589 189,894 213,989 238,587 262,173 293,959 321,333
Operating Revenue		 135,962 146,850 153,144 167,940 179,589 189,894 213,989 238,587 262,173 293,959 321,333
Total Cost of Revenue		 132,432 142,577 148,598 163,327 174,451 184,702 207,046 230,291 253,214 284,049 309,854
Operating Cost of Revenue		 132,432 142,577 148,598 163,327 174,451 184,702 207,046 230,291 253,214 284,049 309,854
Total Operating Expenses		 3,107 2,747 3,486 3,169 4,026 10,327 4,589 5,930 6,619 7,735 8,850
Selling, General & Admin Expense		 1,908 2,091 2,129 2,460 2,664 2,767 3,594 4,849 5,310 5,661 6,494
Depreciation Expense		 192 212 237 284 295 280 327 387 410 429 494
Amortization Expense		 56 152 161 181 167 111 178 307 554 663 557
Impairment Charge		 - 0.00 0.00 60 570 362 18 81 0.00 418 724
Restructuring Charge		 38 103 959 184 330 85 199 183 370 337 520
Other Special Charges / (Income)		 0.00 48 - - - 6,722 273 123 -25 227 61
Total Other Income / (Expense), net		 -153 -135 -142 -266 -145 -158 -132 -183 -180 -171 -370
Interest & Investment Income		 -140 -140 -145 -217 -158 -138 -174 -211 -229 -157 -292
Other Income / (Expense), net		 -14 5.05 2.73 -25 13 1.58 42 27 49 -14 -79
Income Tax Expense		 407 -37 553 -438 113 -1,894 677 517 428 485 691
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 0.00 -43 -1.23 9.16 4.68 -32 -13 10 14
Basic Earnings per Share		 ($0.63) $6.73 $1.67 $7.61 $4.07 ($16.65) $7.48 $8.15 $8.62 $7.60 $8.02
Weighted Average Basic Shares Outstanding		 217.79M 212.21M 218.38M 217.87M 210.17M 204.78M 205.92M 208.47M 202.51M 198.50M 193.82M
Diluted Earnings per Share		 ($0.63) $6.32 $1.64 $7.53 $4.04 ($16.65) $7.39 $8.04 $8.53 $7.53 $7.96
Weighted Average Diluted Shares Outstanding		 217.79M 225.96M 221.60M 220.34M 211.84M 204.78M 208.47M 211.21M 204.59M 200.28M 195.21M
Weighted Average Basic & Diluted Shares Outstanding		 222.80M 212.20M 218.30M 217.90M 210.17M 204.78M 205.92M 205.67M 200.71M 193.28M 193.99M
Cash Dividends to Common per Share		 $1.16 - $1.46 $1.52 $1.60 $1.66 $1.76 $1.84 $1.94 $2.04 $2.20

Quarterly Income Statements for Cencora

This table shows Cencora's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 351 602 421 483 3.38 489 718 687 -340 560 1,641
Consolidated Net Income / (Loss)		 349 603 421 488 7.47 494 717 690 -333 566 1,630
Net Income / (Loss) Continuing Operations		 349 603 421 488 7.47 494 717 690 -333 566 1,630
Total Pre-Tax Income 		446 783 467 628 125 620 929 896 -187 709 2,089
Total Operating Income		 477 823 553 672 127 706 1,036 868 19 760 1,143
Total Gross Profit		 2,253 2,469 2,538 2,411 2,492 2,558 3,060 2,907 2,954 3,072 3,588
Total Revenue		 68,922 72,253 68,414 74,241 79,050 81,487 75,454 80,664 83,729 85,932 78,356
Operating Revenue		 68,922 72,253 68,414 74,241 79,050 81,487 75,454 80,664 83,729 85,932 78,356
Total Cost of Revenue		 66,669 69,784 65,876 71,831 76,558 78,929 72,394 77,756 80,775 82,860 74,768
Operating Cost of Revenue		 66,669 69,784 65,876 71,831 76,558 78,929 72,394 77,756 80,775 82,860 74,768
Total Operating Expenses		 1,777 1,646 1,985 1,738 2,366 1,852 2,024 2,039 2,935 2,312 2,446
Selling, General & Admin Expense		 1,394 1,399 1,389 1,383 1,490 1,472 1,600 1,673 1,749 1,795 1,978
Depreciation Expense		 106 104 106 108 110 113 122 128 131 134 132
Amortization Expense		 171 166 166 165 167 166 138 126 127 126 117
Impairment Charge		 - - - - - 0.00 0.00 - - 249 0.00
Restructuring Charge		 93 56 98 68 115 84 152 95 189 93 205
Other Special Charges / (Income)		 14 -79 226 14 66 17 12 18 14 -86 14
Total Other Income / (Expense), net		 -31 -39 -86 -44 -1.46 -86 -108 29 -206 -52 946
Interest & Investment Income		 -61 -41 -64 -31 -21 -28 -104 -82 -78 -72 -140
Other Income / (Expense), net		 30 1.09 -22 -13 20 -58 -3.55 110 -128 21 1,086
Income Tax Expense		 97 180 46 141 118 127 211 207 146 143 459
Net Income / (Loss) Attributable to Noncontrolling Interest		 -1.59 1.51 0.43 4.13 4.08 5.12 -0.45 2.35 6.63 6.48 -12
Basic Earnings per Share		 $1.75 $3.01 $2.11 $2.44 $0.04 $2.52 $3.70 $3.55 ($1.75) $2.88 $8.44
Weighted Average Basic Shares Outstanding		 202.51M 200.08M 199.41M 198.26M 198.50M 193.76M 193.80M 193.82M 193.82M 194.22M 194.55M
Diluted Earnings per Share		 $1.72 $2.98 $2.09 $2.42 $0.04 $2.50 $3.68 $3.52 ($1.74) $2.87 $8.40
Weighted Average Diluted Shares Outstanding		 204.59M 201.84M 201.18M 200.05M 200.28M 195.19M 195.09M 195.23M 195.21M 195.32M 195.38M
Weighted Average Basic & Diluted Shares Outstanding		 200.71M 199.48M 199.45M 197.05M 193.28M 193.92M 193.82M 193.88M 193.99M 194.53M 194.56M
Cash Dividends to Common per Share		 - $0.51 $0.51 $0.51 - $0.55 $0.55 $0.55 - $0.60 $0.60

Annual Cash Flow Statements for Cencora

This table details how cash moves in and out of Cencora's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Net Change in Cash & Equivalents		 359 574 -307 57 882 1,224 -1,528 523 -841 545 1,097
Net Cash From Operating Activities		 3,922 3,178 1,504 1,411 2,344 2,207 2,667 2,703 3,911 3,485 3,875
Net Cash From Continuing Operating Activities		 3,922 3,178 1,504 1,411 2,344 2,207 2,667 2,703 3,911 3,485 3,875
Net Income / (Loss) Continuing Operations		 -138 1,428 364 1,616 854 -3,400 1,545 1,667 1,733 1,519 1,568
Consolidated Net Income / (Loss)		 -138 1,428 364 1,616 854 -3,400 1,545 1,667 1,733 1,519 1,568
Depreciation Expense		 193 233 262 318 321 291 327 391 419 448 501
Amortization Expense		 63 160 170 192 176 117 188 319 562 671 567
Non-Cash Adjustments To Reconcile Net Income		 1,557 461 -79 -513 595 475 -95 270 442 650 1,002
Changes in Operating Assets and Liabilities, net		 2,248 897 786 -202 398 4,724 702 57 756 196 237
Net Cash From Investing Activities		 -2,931 -3,169 -498 -1,111 -376 -380 -6,142 -368 -2,602 -618 -4,977
Net Cash From Continuing Investing Activities		 -2,931 -3,169 -498 -1,111 -376 -380 -6,142 -368 -2,602 -618 -4,977
Purchase of Property, Plant & Equipment		 -232 -465 -466 -336 -310 -370 -438 -496 -458 -487 -668
Acquisitions		 -2,633 -2,750 -73 -785 -64 -56 -5,726 -152 -2,153 -100 -4,292
Other Investing Activities, net		 2.88 -14 3.11 2.50 -2.95 9.52 22 7.60 9.00 -31 -17
Net Cash From Financing Activities		 -632 565 -1,313 -243 -1,087 -604 1,953 -1,753 -2,222 -2,331 2,249
Net Cash From Continuing Financing Activities		 -632 565 -1,313 -243 -1,087 -604 1,953 -1,753 -2,222 -2,331 2,249
Repayment of Debt		 -626 -9,140 -10,093 -25,845 -1,291 -772 -5,909 -5,921 -79,009 -70,789 -133,472
Repurchase of Common Equity		 -1,859 -2,266 -330 -639 -674 -420 -82 -484 -1,181 -1,491 -435
Payment of Dividends		 -254 -288 -320 -333 -339 -344 -367 -392 -399 -416 -437
Issuance of Debt		 2,107 9,847 9,336 26,444 1,147 716 8,136 4,988 78,376 70,391 136,643
Other Financing Activities, net		 -0.52 2,413 94 130 70 150 175 56 -10 -26 -49
Effect of Exchange Rate Changes		 - - - - 0.00 0.00 -3.73 -58 73 9.40 -50

Quarterly Cash Flow Statements for Cencora

This table details how cash moves in and out of Cencora's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1,205 283 -751 1,191 -179 97 -1,216 97 2,119 -2,586 428
Net Cash From Operating Activities		 1,827 885 -878 2,478 1,000 -2,719 3,351 109 3,133 -2,305 1,339
Net Cash From Continuing Operating Activities		 1,827 885 -878 2,478 1,000 -2,719 3,351 109 3,133 -2,305 1,339
Net Income / (Loss) Continuing Operations		 349 603 421 488 7.47 494 717 690 -333 566 1,630
Consolidated Net Income / (Loss)		 349 603 421 488 7.47 494 717 690 -333 566 1,630
Depreciation Expense		 111 110 113 114 111 114 124 130 134 135 142
Amortization Expense		 172 168 167 167 169 168 140 129 130 129 121
Non-Cash Adjustments To Reconcile Net Income		 150 55 59 51 486 114 98 -59 850 207 -1,269
Changes in Operating Assets and Liabilities, net		 1,045 -51 -1,638 1,658 227 -3,608 2,272 -781 2,353 -3,343 715
Net Cash From Investing Activities		 -183 -66 -166 -144 -242 -343 -4,078 -235 -322 -299 -4,875
Net Cash From Continuing Investing Activities		 -183 -66 -166 -144 -242 -343 -4,078 -235 -322 -299 -4,896
Purchase of Property, Plant & Equipment		 -175 -74 -113 -118 -182 -106 -129 -183 -250 -119 -166
Acquisitions		 -6.40 -5.56 -10 -29 -61 -191 -3,949 -58 -94 -230 -4,721
Sale of Property, Plant & Equipment		 - - - - - 0.00 - - - 43 0.72
Other Investing Activities, net		 -1.54 14 -43 3.09 1.17 -46 0.75 6.20 22 7.40 -9.78
Net Cash From Financing Activities		 -407 -552 323 -1,145 -957 3,209 -492 215 -684 43 3,979
Net Cash From Continuing Financing Activities		 -407 -552 323 -1,145 -957 3,209 -492 215 -684 43 3,979
Repayment of Debt		 -28,454 -11,277 -36,832 -9,306 -13,374 -13,489 -30,027 -43,393 -46,563 -23,639 -47,643
Payment of Dividends		 -98 -106 -107 -103 -101 -111 -111 -107 -108 -127 -117
Issuance of Debt		 28,408 11,262 37,309 8,801 13,020 17,260 29,692 43,710 45,981 23,899 51,753
Other Financing Activities, net		 11 -45 3.87 13 2.90 -66 4.08 6.72 6.41 -91 -15
Effect of Exchange Rate Changes		 -32 16 -29 2.82 20 -50 1.72 6.72 -8.47 -25 9.75

Annual Balance Sheets for Cencora

This table presents Cencora's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Total Assets		 27,963 33,638 35,316 37,670 39,172 44,275 57,338 56,561 62,559 67,102 76,590
Total Current Assets		 20,334 22,852 24,303 25,894 28,132 33,056 38,803 39,590 42,799 47,718 52,239
Cash & Equivalents		 2,167 2,742 2,435 2,493 3,374 4,598 2,547 3,388 2,592 3,133 4,356
Accounts Receivable		 8,223 9,176 10,303 11,314 12,387 13,846 18,167 18,453 20,911 23,872 25,225
Inventories, net		 9,755 10,724 11,461 11,919 11,060 12,589 15,368 15,556 17,455 18,999 20,492
Prepaid Expenses		 189 210 103 169 157 189 854 488 449 539 539
Other Current Assets		 - - - 0.00 1,147 1,345 1,272 1,532 1,315 1,176 1,626
Other Current Nonoperating Assets		 - - - - - 0.00 373 - - - 0.00
Plant, Property, & Equipment, net		 1,193 1,531 1,798 1,892 1,771 1,485 2,163 2,135 2,135 2,181 2,539
Total Noncurrent Assets		 6,436 9,255 9,215 9,883 9,269 9,734 16,372 14,836 17,625 17,202 21,812
Goodwill		 4,144 5,991 6,044 6,664 6,706 6,707 9,031 8,504 9,574 9,318 13,677
Intangible Assets		 1,993 2,968 2,833 2,948 2,295 1,886 5,257 4,333 4,432 4,001 3,774
Noncurrent Deferred & Refundable Income Taxes		 - - - - 0.00 362 291 238 201 246 209
Other Noncurrent Operating Assets		 298 296 338 271 269 780 1,794 1,762 3,418 3,637 4,152
Total Liabilities & Shareholders' Equity		 27,963 33,638 35,316 37,670 39,172 44,275 57,338 56,561 62,559 67,102 76,590
Total Liabilities		 27,347 31,508 33,252 34,620 36,179 45,114 56,753 56,489 61,892 66,315 74,843
Total Current Liabilities		 21,578 25,280 26,818 27,870 29,581 33,853 41,359 43,478 48,831 54,277 57,821
Short-Term Debt		 0.00 610 12 152 139 501 300 1,070 641 576 118
Accounts Payable		 20,886 23,926 25,404 26,837 28,385 31,705 38,010 40,193 45,836 50,942 54,720
Accrued Expenses		 692 744 1,402 881 1,057 1,647 2,856 2,215 2,354 2,759 2,983
Other Current Nonoperating Liabilities		 - - - - - 0.00 192 - - - 0.00
Total Noncurrent Liabilities		 5,768 6,228 6,434 6,750 6,597 11,261 15,395 13,011 13,061 12,038 17,022
Long-Term Debt		 3,493 3,576 3,430 4,159 4,034 3,618 6,384 4,632 4,146 3,812 7,543
Asset Retirement Reserve & Litigation Obligation		 - - - - 0.00 6,199 5,962 5,462 5,062 4,297 3,881
Noncurrent Deferred Revenue		 - - 84 300 284 285 281 320 311 292 338
Noncurrent Deferred & Payable Income Tax Liabilities		 1,944 2,215 2,493 1,829 1,860 686 1,685 1,620 1,658 1,644 1,621
Other Noncurrent Operating Liabilities		 85 160 75 110 419 473 1,083 977 1,885 1,994 3,640
Commitments & Contingencies		 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 616 2,129 2,064 3,050 2,993 -840 584 71 666 787 1,747
Total Preferred & Common Equity		 616 2,129 2,064 2,933 2,879 -1,019 223 -212 522 646 1,508
Total Common Equity		 616 2,129 2,064 2,933 2,879 -1,019 223 -212 522 646 1,508
Common Stock		 3,739 4,336 4,520 4,718 4,853 5,085 5,468 5,662 5,848 6,034 6,207
Retained Earnings		 1,164 2,304 2,395 3,721 4,235 518 1,671 2,978 4,324 5,417 6,534
Treasury Stock		 -4,151 -4,396 -4,755 -5,427 -6,098 -6,513 -6,470 -7,020 -8,247 -9,816 -10,332
Accumulated Other Comprehensive Income / (Loss)		 -136 -114 -96 -79 -112 -109 -445 -1,831 -1,403 -989 -901
Noncontrolling Interest		 - - 0.00 117 114 179 361 283 144 141 239

Quarterly Balance Sheets for Cencora

This table presents Cencora's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 12/31/2025 3/31/2026
Total Assets		 61,177 62,559 64,690 63,868 66,772 67,102 69,054 71,194 73,957 78,361 81,652
Total Current Assets		 40,987 42,799 44,859 44,161 47,307 47,718 49,987 46,535 48,814 54,152 53,141
Cash & Equivalents		 1,389 2,592 2,872 2,069 3,306 3,133 3,224 1,978 2,232 1,753 2,176
Accounts Receivable		 20,797 20,911 21,577 22,643 24,051 23,872 24,546 23,715 24,562 25,980 24,893
Inventories, net		 16,852 17,455 18,652 17,631 18,302 18,999 20,508 18,966 20,138 24,078 20,010
Prepaid Expenses		 493 449 493 512 460 539 516 575 451 678 637
Other Current Assets		 1,418 1,315 1,243 1,195 1,144 1,176 1,193 1,302 1,431 1,662 1,575
Other Current Nonoperating Assets		 - - - - - - - - - - 3,850
Plant, Property, & Equipment, net		 2,148 2,135 2,117 2,089 2,081 2,181 2,100 2,303 2,431 2,451 2,805
Total Noncurrent Assets		 18,043 17,625 17,714 17,617 17,384 17,202 16,968 22,356 22,711 21,759 25,706
Goodwill		 9,658 9,574 9,661 9,619 9,614 9,318 9,177 14,091 14,326 13,731 16,453
Intangible Assets		 4,767 4,432 4,376 4,176 4,011 4,001 3,682 3,863 3,929 3,679 6,055
Noncurrent Deferred & Refundable Income Taxes		 221 201 218 257 230 246 219 234 228 207 193
Other Noncurrent Operating Assets		 3,396 3,418 3,459 3,566 3,530 3,637 3,889 4,168 4,228 4,143 3,006
Total Liabilities & Shareholders' Equity		 61,177 62,559 64,690 63,868 66,772 67,102 69,054 71,194 73,957 78,361 81,652
Total Liabilities		 60,255 61,892 63,629 62,641 65,712 66,315 68,692 70,014 71,747 76,265 78,067
Total Current Liabilities		 46,783 48,831 50,773 49,762 52,974 54,277 54,509 53,328 53,958 59,132 56,132
Short-Term Debt		 861 641 593 1,069 565 576 2,213 770 197 342 203
Accounts Payable		 43,752 45,836 47,743 46,321 49,883 50,942 49,911 50,111 51,044 56,064 51,882
Accrued Expenses		 2,170 2,354 2,437 2,372 2,526 2,759 2,385 2,447 2,717 2,726 3,196
Other Current Nonoperating Liabilities		 - - - - - - - - - - 852
Total Noncurrent Liabilities		 13,472 13,061 12,856 12,879 12,738 12,038 14,183 16,686 17,789 17,133 21,935
Long-Term Debt		 4,160 4,146 4,186 4,180 4,166 3,812 5,935 7,086 8,044 7,579 12,183
Asset Retirement Reserve & Litigation Obligation		 5,455 5,062 4,732 4,720 4,698 4,297 4,297 4,285 4,285 3,869 3,856
Noncurrent Deferred Revenue		 284 311 335 316 332 292 303 278 306 351 353
Noncurrent Deferred & Payable Income Tax Liabilities		 1,716 1,658 1,691 1,702 1,608 1,644 1,586 1,616 1,615 1,636 1,748
Other Noncurrent Operating Liabilities		 1,857 1,885 1,912 1,962 1,934 1,994 2,062 3,422 3,540 3,698 3,795
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 922 666 1,061 1,227 1,061 787 362 1,180 2,210 2,096 3,585
Total Preferred & Common Equity		 686 522 912 1,083 925 646 227 1,013 1,980 1,908 3,398
Total Common Equity		 686 522 912 1,083 925 646 227 1,013 1,980 1,908 3,398
Common Stock		 5,811 5,848 5,920 5,957 5,992 6,034 6,109 6,145 6,175 6,276 6,305
Retained Earnings		 4,072 4,324 4,820 5,134 5,515 5,417 5,795 6,402 6,981 6,967 8,491
Treasury Stock		 -7,970 -8,247 -8,692 -8,747 -9,302 -9,816 -10,278 -10,332 -10,332 -10,430 -10,437
Accumulated Other Comprehensive Income / (Loss)		 -1,227 -1,403 -1,136 -1,260 -1,279 -989 -1,400 -1,202 -844 -905 -961
Noncontrolling Interest		 236 144 150 144 135 141 135 167 230 188 187

Annual Metrics And Ratios for Cencora

This table displays calculated financial ratios and metrics derived from Cencora's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 9/30/2015 9/30/2016 9/30/2017 9/30/2018 9/30/2019 9/30/2020 9/30/2021 9/30/2022 9/30/2023 9/30/2024 9/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 13.71% 8.01% 4.29% 9.66% 6.94% 5.74% 12.69% 11.50% 9.89% 12.12% 9.31%
EBITDA Growth		 -32.39% 189.34% -22.24% 28.95% -15.87% -391.28% 161.59% 6.63% 8.60% -2.69% 10.32%
EBIT Growth		 -48.04% 274.63% -30.56% 33.41% -20.68% -556.39% 146.67% -0.09% -0.17% -9.57% 18.00%
NOPAT Growth		 -165.93% 822.20% -73.12% 370.56% -50.44% -466.05% 145.53% 10.38% 3.89% -12.13% 10.66%
Net Income Growth		 -150.38% 1,133.50% -74.47% 343.34% -47.14% -498.01% 145.44% 7.89% 3.96% -12.31% 3.20%
EPS Growth		 -154.31% 1,103.17% -74.05% 359.15% -46.35% -512.13% 144.38% 8.80% 6.09% -11.72% 5.71%
Operating Cash Flow Growth		 167.79% -18.96% -52.68% -6.17% 66.08% -5.84% 20.82% 1.37% 44.70% -10.91% 11.20%
Free Cash Flow Firm Growth		 -138.94% 63.33% 986.26% -78.26% 1,206.87% -37.14% -378.65% 193.83% -64.63% 76.20% -147.99%
Invested Capital Growth		 2.06% 75.96% -11.10% 52.49% -27.36% -134.75% 444.52% -47.45% 19.94% -28.64% 147.37%
Revenue Q/Q Growth		 2.94% 1.44% 1.03% 2.55% 1.32% 1.94% 4.73% 0.96% 3.05% 3.57% 1.48%
EBITDA Q/Q Growth		 113.64% -13.03% -19.15% 18.90% 0.75% -399.41% 174.98% -5.33% 5.74% -10.02% -6.97%
EBIT Q/Q Growth		 424.74% -16.99% -25.45% 25.83% 2.38% -544.09% 155.44% -6.80% 3.17% -14.32% -9.10%
NOPAT Q/Q Growth		 -442.79% -13.66% -55.57% 42.41% -7.76% -295.75% 154.11% -4.70% 0.90% -18.40% -10.18%
Net Income Q/Q Growth		 68.14% -13.10% -57.36% 49.99% -6.74% -315.54% 141.34% -7.64% 2.99% -18.35% -17.84%
EPS Q/Q Growth		 69.42% -14.59% -57.29% 54.30% -10.02% -319.37% 140.40% -7.80% 3.90% -18.24% -18.28%
Operating Cash Flow Q/Q Growth		 9.18% 6.45% 1.75% -33.63% 0.32% 39.63% -9.79% 6.07% 20.39% -19.17% 122.44%
Free Cash Flow Firm Q/Q Growth		 -2,163.04% -158.58% 148.78% -75.95% -0.60% 5.16% -28.14% 19.73% 64.45% -39.63% 67.99%
Invested Capital Q/Q Growth		 -21.02% -12.92% -31.92% -7.65% -11.66% -128.11% -8.42% -32.70% -37.15% -17.83% -38.53%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 2.60% 2.91% 2.97% 2.75% 2.86% 2.73% 3.24% 3.48% 3.42% 3.37% 3.57%
EBITDA Margin		 0.49% 1.31% 0.98% 1.15% 0.90% -2.49% 1.36% 1.30% 1.29% 1.12% 1.13%
Operating Margin		 0.31% 1.04% 0.69% 0.86% 0.62% -2.70% 1.10% 0.99% 0.89% 0.74% 0.82%
EBIT Margin		 0.30% 1.04% 0.69% 0.84% 0.63% -2.70% 1.12% 1.00% 0.91% 0.74% 0.79%
Profit (Net Income) Margin		 -0.10% 0.97% 0.24% 0.96% 0.48% -1.79% 0.72% 0.70% 0.66% 0.52% 0.49%
Tax Burden Percent		 -51.37% 102.66% 39.71% 137.24% 88.32% 64.22% 69.52% 76.34% 80.18% 75.81% 69.42%
Interest Burden Percent		 65.82% 90.86% 86.34% 83.02% 85.97% 103.12% 92.73% 91.20% 90.42% 92.74% 88.57%
Effective Tax Rate		 151.37% -2.66% 60.29% -37.24% 11.68% 0.00% 30.48% 23.66% 19.82% 24.19% 30.58%
Return on Invested Capital (ROIC)		 -10.01% 51.88% 11.58% 45.85% 21.79% -290.60% 101.57% 52.16% 71.53% 67.26% 51.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.06% 43.47% 7.90% 25.14% 13.18% -168.78% 96.28% 47.70% 65.13% 59.73% 40.17%
Return on Net Nonoperating Assets (RNNOA)		 -0.73% 52.13% 5.80% 17.34% 6.47% -25.12% -1,311.96% 456.17% 398.28% 141.86% 72.30%
Return on Equity (ROE)		 -10.74% 104.01% 17.38% 63.19% 28.27% -315.71% -1,210.39% 508.34% 469.81% 209.12% 123.75%
Cash Return on Invested Capital (CROIC)		 -12.05% -3.17% 23.33% 4.27% 53.49% 0.00% -92.98% 114.37% 53.40% 100.68% -33.40%
Operating Return on Assets (OROA)		 1.65% 4.97% 3.08% 3.89% 2.93% -12.30% 4.72% 4.20% 4.01% 3.33% 3.55%
Return on Assets (ROA)		 -0.56% 4.64% 1.06% 4.43% 2.22% -8.15% 3.04% 2.93% 2.91% 2.34% 2.18%
Return on Common Equity (ROCE)		 -10.74% 104.01% 17.38% 61.74% 27.19% -272.68% -3,772.94% 9.14% 197.75% 168.09% 105.20%
Return on Equity Simple (ROE_SIMPLE)		 -22.42% 67.06% 17.66% 55.10% 29.67% 333.64% 691.55% -787.74% 331.91% 235.20% 0.00%
Net Operating Profit after Tax (NOPAT)		 -217 1,566 421 1,981 982 -3,595 1,637 1,806 1,877 1,649 1,825
NOPAT Margin		 -0.16% 1.07% 0.27% 1.18% 0.55% -1.89% 0.76% 0.76% 0.72% 0.56% 0.57%
Net Nonoperating Expense Percent (NNEP)		 -8.95% 8.41% 3.67% 20.71% 8.62% -121.81% 5.29% 4.46% 6.40% 7.53% 11.27%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 19.40%
Cost of Revenue to Revenue		 97.40% 97.09% 97.03% 97.25% 97.14% 97.27% 96.76% 96.52% 96.58% 96.63% 96.43%
SG&A Expenses to Revenue		 1.40% 1.42% 1.39% 1.47% 1.48% 1.46% 1.68% 2.03% 2.03% 1.93% 2.02%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 2.29% 1.87% 2.28% 1.89% 2.24% 5.44% 2.14% 2.49% 2.52% 2.63% 2.75%
Earnings before Interest and Taxes (EBIT)		 409 1,531 1,063 1,418 1,125 -5,134 2,396 2,394 2,390 2,161 2,550
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 665 1,923 1,495 1,928 1,622 -4,726 2,911 3,104 3,371 3,280 3,618
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 23.09 5.91 6.72 5.49 5.12 0.00 107.09 0.00 68.91 68.51 40.11
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.10 0.09 0.09 0.10 0.08 0.10 0.11 0.11 0.14 0.15 0.19
Price to Earnings (P/E)		 0.00 8.81 38.05 9.72 17.24 0.00 15.53 16.08 20.61 29.32 38.92
Dividend Yield		 4.31% 5.94% 7.68% 7.44% 8.82% 7.39% 5.87% 1.40% 1.36% 0.91% 0.71%
Earnings Yield		 0.00% 11.35% 2.63% 10.29% 5.80% 0.00% 6.44% 6.22% 4.85% 3.41% 2.57%
Enterprise Value to Invested Capital (EV/IC)		 7.22 3.71 4.45 3.52 4.13 0.00 6.26 12.54 13.39 22.35 12.68
Enterprise Value to Revenue (EV/Rev)		 0.12 0.10 0.10 0.11 0.09 0.09 0.13 0.13 0.15 0.16 0.20
Enterprise Value to EBITDA (EV/EBITDA)		 23.78 7.44 10.18 9.54 9.65 0.00 9.76 9.64 11.37 13.92 17.70
Enterprise Value to EBIT (EV/EBIT)		 38.67 9.34 14.32 12.97 13.92 0.00 11.86 12.50 16.03 21.12 25.11
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 9.13 36.17 9.29 15.94 0.00 17.36 16.56 20.41 27.68 35.09
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.03 4.50 10.12 13.04 6.68 8.05 10.66 11.07 9.80 13.10 16.53
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 17.95 99.77 6.50 11.72 0.00 7.55 27.34 18.49 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 6.07 2.10 1.84 1.53 1.39 -4.91 11.44 80.01 7.19 5.58 4.38
Long-Term Debt to Equity		 6.07 1.81 1.83 1.48 1.35 -4.31 10.92 64.99 6.22 4.85 4.32
Financial Leverage		 0.68 1.20 0.73 0.69 0.49 0.15 -13.63 9.56 6.11 2.37 1.80
Leverage Ratio		 19.23 22.43 16.44 14.27 12.72 38.75 -398.13 173.71 161.50 89.23 56.71
Compound Leverage Factor		 12.66 20.38 14.20 11.85 10.93 39.96 -369.20 158.42 146.03 82.75 50.23
Debt to Total Capital		 85.85% 67.70% 64.76% 60.45% 58.23% 125.60% 91.96% 98.77% 87.78% 84.80% 81.43%
Short-Term Debt to Total Capital		 0.00% 9.26% 0.21% 1.97% 1.94% 15.28% 4.13% 18.54% 11.76% 11.14% 1.25%
Long-Term Debt to Total Capital		 85.85% 58.44% 64.55% 58.49% 56.29% 110.32% 87.83% 80.23% 76.02% 73.66% 80.18%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 1.52% 1.59% 5.47% 4.97% 4.90% 2.65% 2.72% 2.54%
Common Equity to Total Capital		 14.15% 32.30% 35.24% 38.03% 40.17% -31.07% 3.07% -3.66% 9.57% 12.48% 16.03%
Debt to EBITDA		 5.63 2.32 2.54 2.42 2.57 -0.87 2.30 1.84 1.42 1.34 2.12
Net Debt to EBITDA		 2.37 0.89 0.91 1.13 0.49 0.10 1.42 0.75 0.65 0.38 0.91
Long-Term Debt to EBITDA		 5.63 2.00 2.53 2.34 2.49 -0.77 2.19 1.49 1.23 1.16 2.08
Debt to NOPAT		 -17.24 2.85 9.01 2.35 4.25 -1.15 4.08 3.16 2.55 2.66 4.20
Net Debt to NOPAT		 -7.25 1.10 3.23 1.10 0.81 0.13 2.53 1.28 1.17 0.76 1.81
Long-Term Debt to NOPAT		 -17.24 2.46 8.98 2.28 4.11 -1.01 3.90 2.56 2.21 2.31 4.13
Altman Z-Score		 5.23 4.76 4.70 4.94 5.03 4.14 4.11 4.64 4.65 4.88 4.82
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 2.29% 3.83% 13.63% -211.71% 98.20% 57.91% 19.62% 14.99%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.94 0.90 0.91 0.93 0.95 0.98 0.94 0.91 0.88 0.88 0.90
Quick Ratio		 0.48 0.47 0.48 0.50 0.53 0.54 0.50 0.50 0.48 0.50 0.51
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -261 -96 848 184 2,410 1,515 -4,222 3,961 1,401 2,469 -1,185
Operating Cash Flow to CapEx		 1,693.65% 684.11% 322.50% 429.89% 758.76% 662.15% 608.51% 544.63% 853.33% 715.29% 580.12%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 7.76 0.00 68.32 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 59.39 0.00 99.53 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 45.57 0.00 84.50 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 5.49 4.77 4.44 4.60 4.67 4.55 4.21 4.19 4.40 4.53 4.47
Accounts Receivable Turnover		 18.71 16.88 15.72 15.54 15.15 14.48 13.37 13.03 13.32 13.13 13.09
Inventory Turnover		 14.43 13.92 13.40 13.97 15.18 15.62 14.81 14.89 15.34 15.58 15.69
Fixed Asset Turnover		 129.98 107.85 92.02 91.02 98.06 116.67 117.33 111.02 122.79 136.20 136.14
Accounts Payable Turnover		 7.26 6.36 6.02 6.25 6.32 6.15 5.94 5.89 5.89 5.87 5.87
Days Sales Outstanding (DSO)		 19.51 21.62 23.21 23.49 24.09 25.21 27.30 28.01 27.40 27.80 27.88
Days Inventory Outstanding (DIO)		 25.29 26.21 27.25 26.12 24.04 23.37 24.64 24.51 23.79 23.42 23.26
Days Payable Outstanding (DPO)		 50.27 57.36 60.58 58.37 57.77 59.37 61.45 61.97 62.00 62.18 62.23
Cash Conversion Cycle (CCC)		 -5.47 -9.52 -10.12 -8.76 -9.65 -10.79 -9.50 -9.46 -10.81 -10.96 -11.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,188 3,850 3,423 5,220 3,792 -1,318 4,540 2,386 2,862 2,042 5,052
Invested Capital Turnover		 62.77 48.64 42.11 38.86 39.86 153.51 132.81 68.89 99.92 119.89 90.59
Increase / (Decrease) in Invested Capital		 44 1,662 -427 1,797 -1,428 -5,110 5,858 -2,154 476 -820 3,010
Enterprise Value (EV)		 15,803 14,299 15,227 18,398 15,656 17,760 28,416 29,920 38,311 45,647 64,037
Market Capitalization		 14,231 12,579 13,869 16,111 14,743 18,059 23,918 27,323 35,972 44,251 60,493
Book Value per Share		 $2.85 $9.92 $9.42 $13.56 $13.82 ($4.99) $1.07 ($1.02) $2.58 $3.28 $7.78
Tangible Book Value per Share		 ($25.54) ($31.81) ($31.09) ($30.87) ($29.38) ($47.08) ($67.69) ($62.96) ($66.69) ($64.32) ($82.23)
Total Capital		 4,356 6,592 5,858 7,712 7,166 3,280 7,268 5,774 5,454 5,175 9,408
Total Debt		 3,739 4,463 3,794 4,662 4,173 4,120 6,684 5,703 4,787 4,388 7,661
Total Long-Term Debt		 3,739 3,852 3,782 4,511 4,034 3,618 6,384 4,632 4,146 3,812 7,543
Net Debt		 1,572 1,721 1,359 2,170 799 -478 4,137 2,315 2,195 1,255 3,305
Capital Expenditures (CapEx)		 232 465 466 328 309 333 438 496 458 487 668
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -3,411 -4,560 -4,938 -4,316 -4,684 -4,894 -4,803 -6,206 -7,983 -9,116 -9,820
Debt-free Net Working Capital (DFNWC)		 -1,244 -1,818 -2,503 -1,824 -1,310 -296 -2,256 -2,818 -5,391 -5,983 -5,464
Net Working Capital (NWC)		 -1,244 -2,429 -2,515 -1,975 -1,449 -797 -2,556 -3,888 -6,032 -6,559 -5,581
Net Nonoperating Expense (NNE)		 -79 138 57 365 128 -195 92 140 144 130 257
Net Nonoperating Obligations (NNO)		 1,572 1,721 1,359 2,170 799 -478 3,956 2,315 2,195 1,255 3,305
Total Depreciation and Amortization (D&A)		 256 392 432 510 498 408 515 710 981 1,119 1,068
Debt-free, Cash-free Net Working Capital to Revenue		 -2.51% -3.11% -3.22% -2.57% -2.61% -2.58% -2.24% -2.60% -3.05% -3.10% -3.06%
Debt-free Net Working Capital to Revenue		 -0.91% -1.24% -1.63% -1.09% -0.73% -0.16% -1.05% -1.18% -2.06% -2.04% -1.70%
Net Working Capital to Revenue		 -0.91% -1.65% -1.64% -1.18% -0.81% -0.42% -1.19% -1.63% -2.30% -2.23% -1.74%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.62) $6.73 $1.67 $0.00 $4.07 ($16.65) $7.48 $8.15 $8.62 $7.60 $8.02
Adjusted Weighted Average Basic Shares Outstanding		 217.79M 212.21M 218.38M 0.00 210.17M 204.78M 205.92M 208.47M 202.51M 198.50M 193.82M
Adjusted Diluted Earnings per Share		 ($0.62) $6.32 $1.64 $0.00 $4.04 ($16.65) $7.39 $8.04 $8.53 $7.53 $7.96
Adjusted Weighted Average Diluted Shares Outstanding		 217.79M 225.96M 221.60M 0.00 211.84M 204.78M 208.47M 211.21M 204.59M 200.28M 195.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 205.63M 220.10M 218.08M 0.00 205.92M 204.25M 205.92M 205.67M 200.71M 193.28M 193.99M
Normalized Net Operating Profit after Tax (NOPAT)		 322 1,173 1,414 1,181 1,777 1,424 1,977 2,102 2,153 2,393 2,731
Normalized NOPAT Margin		 0.24% 0.80% 0.92% 0.70% 0.99% 0.75% 0.92% 0.88% 0.82% 0.81% 0.85%
Pre Tax Income Margin		 0.20% 0.95% 0.60% 0.70% 0.54% -2.79% 1.04% 0.92% 0.82% 0.68% 0.70%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 59.67 0.00 -231.51 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 83.37 0.00 -162.11 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 45.86 0.00 -246.54 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 69.55 0.00 -177.14 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -183.78% 20.20% 87.87% 20.61% 39.69% -10.11% 23.74% 23.50% 23.02% 27.39% 27.88%
Augmented Payout Ratio		 -1,529.35% 178.92% 178.39% 60.17% 118.60% -22.47% 29.06% 52.53% 91.16% 125.56% 55.65%

Quarterly Metrics And Ratios for Cencora

This table displays calculated financial ratios and metrics derived from Cencora's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 194,530,682.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 194,530,682.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 8.44
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.67% 14.97% 7.81% 10.90% 14.69% 12.78% 10.29% 8.65% 5.92% 5.45% 3.85%
EBITDA Growth		 30.07% 35.28% -1.23% -0.33% -46.16% -15.65% 59.89% 31.52% -63.66% 12.42% 92.19%
EBIT Growth		 16.94% 28.85% -7.82% -1.05% -71.20% -21.31% 94.40% 48.27% -174.73% 20.46% 115.86%
NOPAT Growth		 5.01% 24.68% 6.46% -1.06% -97.97% -11.27% 60.44% 27.95% 71.48% 8.10% 11.36%
Net Income Growth		 16.84% 26.64% -1.64% 1.75% -97.86% -18.12% 70.32% 41.46% -4,561.17% 14.67% 127.14%
EPS Growth		 22.86% 27.90% -1.88% 2.98% -97.67% -16.11% 76.08% 45.45% -4,450.00% 14.80% 128.26%
Operating Cash Flow Growth		 56.88% 24.66% -239.54% 232.59% -45.24% -407.15% 481.50% -95.59% 213.22% 15.21% -60.06%
Free Cash Flow Firm Growth		 -104.10% 314.68% -100.54% 638.87% 903.46% -203.85% -44,525.33% -295.58% -462.31% -34.97% -53.90%
Invested Capital Growth		 19.94% -26.28% 12.88% -45.42% -28.64% 78.13% 60.13% 230.68% 147.37% 56.34% 52.97%
Revenue Q/Q Growth		 2.95% 4.83% -5.31% 8.52% 6.48% 3.08% -7.40% 6.90% 3.80% 2.63% -8.82%
EBITDA Q/Q Growth		 -16.18% 39.36% -26.44% 15.98% -54.72% 118.33% 39.44% -4.59% -87.49% 575.33% 138.40%
EBIT Q/Q Growth		 -23.90% 62.40% -35.53% 24.18% -77.85% 343.65% 59.27% -5.28% -111.17% 815.17% 185.39%
NOPAT Q/Q Growth		 -29.32% 69.89% -21.23% 4.59% -98.55% 7,340.55% 42.44% -16.59% -98.06% 4,590.48% 46.74%
Net Income Q/Q Growth		 -27.18% 72.79% -30.15% 15.76% -98.47% 6,512.90% 45.31% -3.86% -148.29% 269.97% 187.84%
EPS Q/Q Growth		 -26.81% 73.26% -29.87% 15.79% -98.35% 6,150.00% 47.20% -4.35% -149.43% 264.94% 192.68%
Operating Cash Flow Q/Q Growth		 145.23% -51.55% -199.24% 382.04% -59.62% -371.78% 223.26% -96.74% 2,768.20% -173.57% 158.07%
Free Cash Flow Firm Q/Q Growth		 78.58% 1,743.13% -100.25% 62,579.69% -68.07% -312.38% -5.31% -173.83% 40.84% 20.88% -20.08%
Invested Capital Q/Q Growth		 -37.15% 3.70% 48.52% -43.61% -17.83% 158.85% 33.52% 16.44% -38.53% 63.60% 30.63%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 3.27% 3.42% 3.71% 3.25% 3.15% 3.14% 4.06% 3.60% 3.53% 3.58% 4.58%
EBITDA Margin		 1.15% 1.53% 1.19% 1.27% 0.54% 1.14% 1.72% 1.53% 0.18% 1.22% 3.18%
Operating Margin		 0.69% 1.14% 0.81% 0.91% 0.16% 0.87% 1.37% 1.08% 0.02% 0.88% 1.46%
EBIT Margin		 0.74% 1.14% 0.78% 0.89% 0.18% 0.80% 1.37% 1.21% -0.13% 0.91% 2.84%
Profit (Net Income) Margin		 0.51% 0.83% 0.62% 0.66% 0.01% 0.61% 0.95% 0.86% -0.40% 0.66% 2.08%
Tax Burden Percent		 78.17% 76.97% 90.18% 77.60% 5.96% 79.57% 77.25% 76.96% 178.07% 79.89% 78.02%
Interest Burden Percent		 87.99% 95.08% 87.93% 95.25% 85.65% 95.69% 89.93% 91.64% 171.27% 90.73% 93.70%
Effective Tax Rate		 21.83% 23.03% 9.82% 22.40% 94.04% 20.43% 22.75% 23.04% 0.00% 20.11% 21.98%
Return on Invested Capital (ROIC)		 54.05% 68.09% 48.53% 56.69% 1.15% 50.67% 57.41% 48.98% 1.40% 33.99% 41.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 52.99% 67.05% 46.16% 55.33% 1.14% 48.67% 55.58% 49.57% -13.77% 33.25% 53.17%
Return on Net Nonoperating Assets (RNNOA)		 324.05% 346.14% 174.59% 141.12% 2.71% 233.60% 209.18% 112.67% -24.79% 150.05% 146.05%
Return on Equity (ROE)		 378.11% 414.23% 223.11% 197.81% 3.85% 284.27% 266.59% 161.65% -23.39% 184.04% 187.94%
Cash Return on Invested Capital (CROIC)		 53.40% 87.50% 36.67% 116.19% 100.68% -17.98% -13.38% -69.16% -33.40% -16.28% -19.13%
Operating Return on Assets (OROA)		 3.24% 5.05% 3.50% 3.94% 0.84% 3.61% 6.29% 5.46% -0.58% 4.02% 12.23%
Return on Assets (ROA)		 2.23% 3.70% 2.78% 2.91% 0.04% 2.75% 4.37% 3.85% -1.78% 2.91% 8.94%
Return on Common Equity (ROCE)		 159.15% 267.77% 175.19% 160.76% 3.10% 227.36% 232.16% 143.61% -19.88% 159.86% 173.97%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 203.95% 171.02% 201.12% 0.00% 622.29% 168.46% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 373 633 499 522 7.55 562 800 668 13 608 891
NOPAT Margin		 0.54% 0.88% 0.73% 0.70% 0.01% 0.69% 1.06% 0.83% 0.02% 0.71% 1.14%
Net Nonoperating Expense Percent (NNEP)		 1.06% 1.04% 2.36% 1.36% 0.01% 2.00% 1.83% -0.59% 15.18% 0.75% -11.28%
Return On Investment Capital (ROIC_SIMPLE)		 - 10.85% - - - 6.60% 8.86% 6.39% 0.14% 6.06% 5.58%
Cost of Revenue to Revenue		 96.73% 96.58% 96.29% 96.75% 96.85% 96.86% 95.94% 96.40% 96.47% 96.43% 95.42%
SG&A Expenses to Revenue		 2.02% 1.94% 2.03% 1.86% 1.89% 1.81% 2.12% 2.07% 2.09% 2.09% 2.52%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 2.58% 2.28% 2.90% 2.34% 2.99% 2.27% 2.68% 2.53% 3.51% 2.69% 3.12%
Earnings before Interest and Taxes (EBIT)		 507 824 531 660 146 648 1,033 978 -109 781 2,229
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 791 1,102 811 941 426 930 1,297 1,237 155 1,045 2,492
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 68.91 45.14 44.55 48.46 68.51 191.66 53.24 29.35 40.11 34.33 17.99
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.14 0.15 0.17 0.16 0.15 0.14 0.17 0.18 0.19 0.20 0.19
Price to Earnings (P/E)		 20.61 22.04 26.05 24.16 29.32 31.10 31.85 30.63 38.92 40.32 23.98
Dividend Yield		 1.36% 0.97% 0.82% 0.90% 0.91% 0.93% 0.76% 0.72% 0.71% 0.67% 0.73%
Earnings Yield		 4.85% 4.54% 3.84% 4.14% 3.41% 3.22% 3.14% 3.26% 2.57% 2.48% 4.17%
Enterprise Value to Invested Capital (EV/IC)		 13.39 14.56 11.70 18.67 22.35 9.17 8.50 7.83 12.68 8.70 6.62
Enterprise Value to Revenue (EV/Rev)		 0.15 0.16 0.19 0.16 0.16 0.16 0.19 0.20 0.20 0.22 0.22
Enterprise Value to EBITDA (EV/EBITDA)		 11.37 11.81 14.14 12.73 13.92 15.60 16.69 16.55 17.70 19.25 14.51
Enterprise Value to EBIT (EV/EBIT)		 16.03 16.79 20.39 18.40 21.12 24.42 24.12 22.94 25.11 26.79 18.43
Enterprise Value to NOPAT (EV/NOPAT)		 20.41 21.59 25.45 22.96 27.68 30.75 31.84 31.68 35.09 38.33 35.22
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.80 10.57 20.01 10.76 13.10 0.00 14.59 36.94 16.53 16.76 31.42
Enterprise Value to Free Cash Flow (EV/FCFF)		 27.34 14.12 33.85 11.35 18.49 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 7.19 4.50 4.28 4.46 5.58 22.52 6.66 3.73 4.38 3.78 3.45
Long-Term Debt to Equity		 6.22 3.94 3.41 3.93 4.85 16.40 6.01 3.64 4.32 3.62 3.40
Financial Leverage		 6.11 5.16 3.78 2.55 2.37 4.80 3.76 2.27 1.80 4.51 2.75
Leverage Ratio		 161.50 108.03 70.55 64.54 89.23 93.98 56.12 43.03 56.71 59.98 32.08
Compound Leverage Factor		 142.11 102.71 62.04 61.47 76.43 89.93 50.47 39.43 97.13 54.42 30.06
Debt to Total Capital		 87.78% 81.83% 81.05% 81.69% 84.80% 95.75% 86.94% 78.85% 81.43% 79.08% 77.55%
Short-Term Debt to Total Capital		 11.76% 10.15% 16.51% 9.76% 11.14% 26.01% 8.53% 1.88% 1.25% 3.42% 1.27%
Long-Term Debt to Total Capital		 76.02% 71.68% 64.55% 71.93% 73.66% 69.74% 78.42% 76.97% 80.18% 75.66% 76.28%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 2.65% 2.56% 2.22% 2.34% 2.72% 1.59% 1.85% 2.20% 2.54% 1.87% 1.17%
Common Equity to Total Capital		 9.57% 15.61% 16.72% 15.98% 12.48% 2.66% 11.21% 18.95% 16.03% 19.05% 21.27%
Debt to EBITDA		 1.42 1.31 1.44 1.30 1.34 2.62 2.19 2.12 2.12 2.12 2.51
Net Debt to EBITDA		 0.65 0.52 0.87 0.39 0.38 1.58 1.64 1.54 0.91 1.65 2.07
Long-Term Debt to EBITDA		 1.23 1.14 1.15 1.14 1.16 1.91 1.97 2.07 2.08 2.03 2.47
Debt to NOPAT		 2.55 2.39 2.59 2.34 2.66 5.17 4.17 4.06 4.20 4.22 6.10
Net Debt to NOPAT		 1.17 0.95 1.57 0.71 0.76 3.12 3.12 2.96 1.81 3.29 5.03
Long-Term Debt to NOPAT		 2.21 2.09 2.06 2.06 2.31 3.76 3.76 3.96 4.13 4.04 6.00
Altman Z-Score		 4.55 4.62 4.83 4.71 4.78 4.84 4.88 4.86 4.71 4.75 4.69
Noncontrolling Interest Sharing Ratio		 57.91% 35.36% 21.48% 18.73% 19.62% 20.02% 12.92% 11.16% 14.99% 13.14% 7.44%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.88 0.88 0.89 0.89 0.88 0.92 0.87 0.90 0.90 0.92 0.95
Quick Ratio		 0.48 0.48 0.50 0.52 0.50 0.51 0.48 0.50 0.51 0.47 0.48
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -103 1,691 -4.15 2,590 827 -1,757 -1,850 -5,065 -2,997 -2,371 -2,847
Operating Cash Flow to CapEx		 1,040.94% 1,192.66% -779.09% 2,101.81% 548.68% -2,567.48% 2,596.65% 59.63% 1,254.31% -3,020.44% 811.78%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 4.40 4.43 4.51 4.44 4.53 4.53 4.59 4.50 4.47 4.42 4.30
Accounts Receivable Turnover		 13.32 13.51 13.13 12.66 13.13 13.15 13.38 13.03 13.09 12.90 13.52
Inventory Turnover		 15.34 14.81 15.44 15.60 15.58 14.97 16.38 15.90 15.69 14.08 16.22
Fixed Asset Turnover		 122.79 127.59 130.46 134.24 136.20 143.79 141.26 140.35 136.14 143.18 128.69
Accounts Payable Turnover		 5.89 5.86 6.00 5.86 5.87 6.00 6.22 6.06 5.87 5.92 6.20
Days Sales Outstanding (DSO)		 27.40 27.02 27.81 28.84 27.80 27.76 27.27 28.02 27.88 28.30 26.99
Days Inventory Outstanding (DIO)		 23.79 24.65 23.64 23.40 23.42 24.38 22.28 22.95 23.26 25.93 22.50
Days Payable Outstanding (DPO)		 62.00 62.27 60.87 62.33 62.18 60.79 58.72 60.26 62.23 61.64 58.87
Cash Conversion Cycle (CCC)		 -10.81 -10.60 -9.42 -10.09 -10.96 -8.65 -9.16 -9.29 -11.09 -7.40 -9.39
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,862 2,968 4,408 2,485 2,042 5,286 7,058 8,219 5,052 8,265 10,796
Invested Capital Turnover		 99.92 77.67 66.54 80.65 119.89 73.47 54.12 59.17 90.59 48.08 36.82
Increase / (Decrease) in Invested Capital		 476 -1,058 503 -2,068 -820 2,319 2,650 5,733 3,010 2,978 3,738
Enterprise Value (EV)		 38,311 43,213 51,582 46,400 45,647 48,486 59,972 64,356 64,037 71,878 71,506
Market Capitalization		 35,972 41,157 48,258 44,840 44,251 43,426 53,926 58,118 60,493 65,521 61,110
Book Value per Share		 $2.58 $4.56 $5.43 $4.64 $3.28 $1.17 $5.22 $10.22 $7.78 $9.84 $17.47
Tangible Book Value per Share		 ($66.69) ($65.60) ($63.72) ($63.67) ($64.32) ($65.36) ($87.36) ($83.97) ($82.23) ($79.91) ($98.24)
Total Capital		 5,454 5,840 6,476 5,792 5,175 8,510 9,036 10,450 9,408 10,018 15,970
Total Debt		 4,787 4,779 5,249 4,731 4,388 8,149 7,856 8,240 7,661 7,922 12,386
Total Long-Term Debt		 4,146 4,186 4,180 4,166 3,812 5,935 7,086 8,044 7,543 7,579 12,183
Net Debt		 2,195 1,906 3,181 1,425 1,255 4,924 5,878 6,009 3,305 6,169 10,209
Capital Expenditures (CapEx)		 175 74 113 118 182 106 129 183 250 76 165
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -7,983 -8,194 -6,600 -8,408 -9,116 -5,534 -8,001 -7,179 -9,820 -6,391 -4,965
Debt-free Net Working Capital (DFNWC)		 -5,391 -5,322 -4,532 -5,101 -5,983 -2,309 -6,023 -4,947 -5,464 -4,638 -2,789
Net Working Capital (NWC)		 -6,032 -5,915 -5,601 -5,667 -6,559 -4,522 -6,793 -5,144 -5,581 -4,981 -2,991
Net Nonoperating Expense (NNE)		 24 30 78 34 0.09 68 83 -22 346 41 -738
Net Nonoperating Obligations (NNO)		 2,195 1,906 3,181 1,425 1,255 4,924 5,878 6,009 3,305 6,169 7,211
Total Depreciation and Amortization (D&A)		 284 278 280 281 280 281 264 259 264 264 263
Debt-free, Cash-free Net Working Capital to Revenue		 -3.05% -3.02% -2.39% -2.96% -3.10% -1.83% -2.58% -2.27% -3.06% -1.96% -1.51%
Debt-free Net Working Capital to Revenue		 -2.06% -1.96% -1.64% -1.80% -2.04% -0.76% -1.94% -1.56% -1.70% -1.42% -0.85%
Net Working Capital to Revenue		 -2.30% -2.18% -2.03% -2.00% -2.23% -1.49% -2.19% -1.62% -1.74% -1.53% -0.91%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.75 $3.01 $2.11 $2.44 $0.04 $2.52 $3.70 $3.55 ($1.75) $2.88 $8.44
Adjusted Weighted Average Basic Shares Outstanding		 202.51M 200.08M 199.41M 198.26M 198.50M 193.76M 193.80M 193.82M 193.82M 194.22M 194.55M
Adjusted Diluted Earnings per Share		 $1.72 $2.98 $2.09 $2.42 $0.04 $2.50 $3.68 $3.52 ($1.74) $2.87 $8.40
Adjusted Weighted Average Diluted Shares Outstanding		 204.59M 201.84M 201.18M 200.05M 200.28M 195.19M 195.09M 195.23M 195.21M 195.32M 195.38M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 200.71M 199.48M 199.45M 197.05M 193.28M 193.92M 193.82M 193.88M 193.99M 194.53M 194.56M
Normalized Net Operating Profit after Tax (NOPAT)		 456 615 791 586 215 643 927 754 155 812 1,062
Normalized NOPAT Margin		 0.66% 0.85% 1.16% 0.79% 0.27% 0.79% 1.23% 0.94% 0.19% 0.94% 1.36%
Pre Tax Income Margin		 0.65% 1.08% 0.68% 0.85% 0.16% 0.76% 1.23% 1.11% -0.22% 0.82% 2.67%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 23.02% 21.77% 22.13% 22.23% 27.39% 29.88% 24.94% 22.56% 27.88% 27.60% 17.98%
Augmented Payout Ratio		 91.16% 62.59% 65.85% 89.93% 125.56% 135.65% 112.30% 71.84% 55.65% 30.65% 17.98%

Financials Breakdown Chart

Key Financial Trends

Cencora, Inc. (NYSE: COR) has shown a notable jump in quarterly revenue in its Q1 2026 results, with continued profitability metrics, but cash flow from operations remains volatile and the company carries a sizable leverage load. Below are the key takeaways drawn from the last four years of quarterly statements, focusing on the most important, investable trends.

  • Revenue for Q1 2026: 85.932 billion, continuing a multi-year rising trend from prior quarters and years.
  • Net income attributable to common shareholders in Q1 2026: 559.648 million; Basic EPS 2.88 and Diluted EPS 2.87, signaling solid quarterly profitability.
  • Operating income in Q1 2026: 760.449 million; pre-tax income 708.640 million with tax expense 142.514 million (effective tax rate around 20%), indicating a positive operating trajectory.
  • Financing activity shows active use of debt: issuance of debt around 23.99 billion and debt repayments around 23.64 billion in Q1 2026, yielding a modest net cash inflow from financing (~43.2 million).
  • Earnings per share remain robust in Q1 2026: Basic EPS 2.88 and Diluted EPS 2.87, supported by roughly 194–195 million weighted-average shares outstanding.
  • Capital expenditure remains moderate: Purchase of property, plant & equipment around 119 million in Q1 2026, consistent with recent quarterly levels.
  • Change in operating assets and liabilities (net) for Q1 2026 was negative (-3.3427 billion), contributing to cash flow dynamics but largely a working-capital timing effect rather than a structural issue.
  • Cash flow from operating activities in Q1 2026 was negative: -2.3052 billion, indicating cash burn despite reported net income and positive operating metrics.
  • Net decrease in cash and equivalents for the quarter: -2.5859 billion, reducing cash on hand to about 1.753 billion as of the period end.
  • Leverage remains high: Total liabilities approx. 76.265 billion vs total assets of about 78.361 billion, implying a relatively small equity base (~2.10 billion) and ongoing balance-sheet pressure.

Additional context from the four-year view (highlights):

  • Revenue trends generally improved from 2022 through 2025, with Q4 2022–Q1 2026 quarters showing multi-quarter growth in operating revenue, reflecting evolving market dynamics and scale.
  • Profitability has fluctuated by quarter, with periods of solid net income (e.g., 2025–early 2026) interspersed with quarters of net losses (e.g., certain late-2025 periods), underscoring the volatility in quarterly earnings.
05/08/26 11:38 AM ETAI Generated. May Contain Errors.

Cencora Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Cencora's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

Cencora's net income appears to be on an upward trend, with a most recent value of $1.57 billion in 2025, falling from -$138.17 million in 2015. The previous period was $1.52 billion in 2024. See where experts think Cencora is headed by visiting Cencora's forecast page.

Cencora's total operating income in 2025 was $2.63 billion, based on the following breakdown:
  • Total Gross Profit: $11.48 billion
  • Total Operating Expenses: $8.85 billion

Over the last 10 years, Cencora's total revenue changed from $135.96 billion in 2015 to $321.33 billion in 2025, a change of 136.3%.

Cencora's total liabilities were at $74.84 billion at the end of 2025, a 12.9% increase from 2024, and a 173.7% increase since 2015.

In the past 10 years, Cencora's cash and equivalents has ranged from $2.17 billion in 2015 to $4.60 billion in 2020, and is currently $4.36 billion as of their latest financial filing in 2025.

Over the last 10 years, Cencora's book value per share changed from 2.85 in 2015 to 7.78 in 2025, a change of 172.8%.


Related Companies

Financial statements for NYSE:COR last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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