McKesson (MCK) Financials

$719.85 +6.99 (+0.98%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$721.00 +1.15 (+0.16%)

As of 05/30/2025 06:52 PM Eastern

Annual Income Statements for McKesson

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Net Income / (Loss) Attributable to Common Shareholders	3,002	3,560	1,114	-4,539	900	34	67	5,070	2,258	1,476
Consolidated Net Income / (Loss)	3,160	3,722	1,287	-4,340	1,120	255	297	5,153	2,310	1,543
Net Income / (Loss) Continuing Operations	3,160	3,725	1,292	-4,339	1,126	254	292	5,277	2,342	1,842
Total Pre-Tax Income	3,789	4,630	1,928	-5,034	1,144	610	239	6,891	3,250	2,657
Total Operating Income	3,909	4,381	2,038	-5,040	2,489	886	762	7,122	3,545	2,968
Total Gross Profit	12,828	12,358	13,130	12,148	12,023	11,754	11,184	11,271	11,416	11,411
Total Revenue	308,951	276,711	263,966	238,228	231,051	214,319	208,357	198,533	190,884	179,045
Operating Revenue	308,951	276,711	263,966	238,228	231,051	214,319	208,357	198,533	190,884	179,045
Total Cost of Revenue	296,123	264,353	250,836	226,080	219,028	202,565	197,173	187,262	179,468	167,634
Operating Cost of Revenue	296,123	264,353	250,836	226,080	219,028	202,565	197,173	187,262	179,468	167,634
Total Operating Expenses	8,919	7,977	11,092	17,188	9,534	10,868	10,422	4,149	7,871	8,443
Selling, General & Admin Expense	8,657	7,776	10,537	8,849	9,182	8,437	8,138	7,447	7,379	7,901
Restructuring Charge	115	209	281	334	268	597	567	18	203	0.00
Other Special Charges / (Income)	147	-8.00	274	7,936	82	37	-146	0.00	-	150
Total Other Income / (Expense), net	-120	249	-110	6.00	-1,345	-276	-523	-231	-295	-311
Interest Expense	252	248	369	217	249	264	405	308	353	374
Other Income / (Expense), net	132	497	259	223	12	182	-118	77	58	63
Income Tax Expense	629	905	636	-695	18	356	-53	1,614	908	815
Net Income / (Loss) Discontinued Operations	0.00	-3.00	-5.00	-1.00	-6.00	1.00	5.00	-124	-32	-299
Net Income / (Loss) Attributable to Noncontrolling Interest	158	162	173	199	220	221	230	83	52	67
Basic Earnings per Share	$22.54	$25.23	$7.32	($28.26)	$4.98	$0.17	$0.32	$22.95	$9.82	$6.37
Weighted Average Basic Shares Outstanding	133.20M	141.10M	152.30M	160.60M	180.60M	196.30M	208M	221M	230M	232M
Diluted Earnings per Share	$22.39	$25.03	$7.23	($28.26)	$4.95	$0.17	$0.32	$22.73	$9.70	$6.27
Weighted Average Diluted Shares Outstanding	134.10M	142.20M	154.10M	160.60M	181.60M	197.30M	209M	223M	233M	235M
Weighted Average Basic & Diluted Shares Outstanding	129.99M	135.60M	145.37M	158.19M	161.85M	200M	209.40M	220.90M	229.90M	231.70M
Cash Dividends to Common per Share	$2.40	$2.09	$1.83	$1.67	$1.62	$1.51	$1.30	$1.12	$1.08	$0.96

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Income / (Loss) Attributable to Common Shareholders	879	241	915	791	589	664	958	787	1,079	926	768
Consolidated Net Income / (Loss)	928	287	960	830	630	703	997	826	1,120	967	809
Net Income / (Loss) Continuing Operations	928	287	960	830	630	703	997	826	1,119	973	807
Total Pre-Tax Income	1,226	534	1,084	1,170	612	916	1,091	932	1,448	1,244	1,006
Total Operating Income	1,224	578	1,029	1,216	642	951	1,100	980	1,241	1,124	1,036
Total Gross Profit	3,284	3,248	3,152	3,585	3,152	3,069	3,022	3,066	3,174	3,095	3,023
Total Revenue	95,294	93,651	79,283	76,355	80,898	77,215	74,483	68,910	70,490	70,157	67,154
Operating Revenue	95,294	93,651	79,283	76,355	80,898	77,215	74,483	68,910	70,490	70,157	67,154
Total Cost of Revenue	92,010	90,403	76,131	72,770	77,746	74,146	71,461	65,844	67,316	67,062	64,131
Operating Cost of Revenue	92,010	90,403	76,131	72,770	77,746	74,146	71,461	65,844	67,316	67,062	64,131
Total Operating Expenses	2,060	2,670	2,123	2,369	2,510	2,118	1,922	2,086	1,933	1,971	1,987
Selling, General & Admin Expense	2,028	2,503	2,001	2,189	2,506	2,092	1,870	1,964	1,903	1,950	1,959
Restructuring Charge	32	171	10	31	4.00	28	52	125	31	30	23
Other Special Charges / (Income)	0.00	-4.00	112	149	0.00	-2.00	0.00	-3.00	-1.00	-9.00	5.00
Total Other Income / (Expense), net	2.00	-44	55	-46	-30	-35	-9.00	-48	207	120	-30
Interest Expense	67	78	75	80	64	61	47	79	69	55	45
Other Income / (Expense), net	69	34	130	34	34	26	38	31	276	175	15
Income Tax Expense	298	247	124	340	-18	213	94	106	329	271	199
Net Income / (Loss) Attributable to Noncontrolling Interest	49	46	45	39	41	39	39	39	41	41	41
Basic Earnings per Share	$6.98	$1.88	$7.04	$6.07	$4.45	$4.95	$7.07	$5.73	$7.71	$6.47	$5.32
Weighted Average Basic Shares Outstanding	126M	128.70M	129.80M	133.20M	132.50M	134.10M	135.50M	141.10M	139.90M	143.10M	144.20M
Diluted Earnings per Share	$6.95	$1.87	$7.00	$6.03	$4.42	$4.92	$7.02	$5.69	$7.66	$6.42	$5.26
Weighted Average Diluted Shares Outstanding	126.60M	129.30M	130.70M	134.10M	133.30M	134.80M	136.60M	142.20M	141M	144.10M	145.90M
Weighted Average Basic & Diluted Shares Outstanding	125.33M	126.94M	129.68M	129.99M	131.41M	133.06M	134.90M	135.60M	136.94M	141.79M	143.73M
Cash Dividends to Common per Share	$0.71	$0.71	$0.62	$0.62	$0.62	$0.62	$0.54	$0.54	$0.54	$0.54	$0.47

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Net Change in Cash & Equivalents	-94	744	-2,461	2,373	1,042	309	-1,732	-594	-1,293	1,148
Net Cash From Operating Activities	4,314	5,159	4,434	4,542	4,374	4,036	4,345	4,744	3,672	3,112
Net Cash From Continuing Operating Activities	4,314	5,159	4,434	4,542	4,374	4,036	4,345	4,744	3,672	3,112
Net Income / (Loss) Continuing Operations	3,160	3,722	1,287	-4,340	1,120	255	297	5,153	2,310	1,543
Consolidated Net Income / (Loss)	3,160	3,722	1,287	-4,340	1,120	255	297	5,153	2,310	1,543
Depreciation Expense	253	248	279	321	321	317	303	324	281	306
Amortization Expense	382	360	481	566	601	632	648	586	604	711
Non-Cash Adjustments To Reconcile Net Income	1,149	409	2,271	717	1,985	2,029	2,227	-3,517	380	799
Changes in Operating Assets and Liabilities, net	-630	420	116	7,278	347	803	870	2,198	97	-247
Net Cash From Investing Activities	-1,072	-542	-89	-415	-579	-1,381	-2,993	-3,269	-1,557	-677
Net Cash From Continuing Investing Activities	-1,072	-542	-89	-415	-579	-1,381	-2,993	-3,269	-1,767	-677
Purchase of Property, Plant & Equipment	-431	-390	-388	-451	-362	-426	-405	-404	-488	-376
Acquisitions	-528	-1,035	-153	-225	-277	-1,036	-3,068	-4,370	-229	-339
Divestitures	47	1,077	578	400	37	101	500	206	0.00	15
Other Investing Activities, net	-160	-194	-126	-139	23	-20	-20	1,299	-1,050	23
Net Cash From Financing Activities	-3,342	-4,368	-6,321	-1,693	-2,734	-2,227	-3,084	-2,069	-3,453	-968
Net Cash From Continuing Financing Activities	-3,342	-4,368	-6,321	-1,693	-2,734	-2,227	-3,084	-2,069	-3,453	-968
Repayment of Debt	-20,427	-10,048	-13,407	-7,541	-22,053	-38,735	-23,309	-9,743	-3,281	-3,546
Repurchase of Common Equity	-3,025	-3,638	-4,547	-791	-1,937	-1,639	-1,709	-2,311	-1,612	-450
Payment of Dividends	-314	-292	-277	-276	-294	-292	-262	-253	-244	-227
Issuance of Debt	20,955	9,447	11,690	6,823	21,437	38,364	22,064	10,118	1,561	3,103
Issuance of Common Equity	116	163	220	92	113	75	132	120	123	152
Other Financing Activities, net	-647	0.00	0.00	-	-	-	-	-	-	-
Effect of Exchange Rate Changes	6.00	25	55	-61	-19	-119	-	-	45	-319
Other Net Changes in Cash	0.00	470	-540	0.00	-	-	-	-	-	-
Cash Interest Paid	234	224	186	220	235	383	298	315	337	359
Cash Income Taxes Paid	901	562	359	379	368	262	144	587	923	866

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Change in Cash & Equivalents	-1,229	207	-2,281	2,602	-541	-113	-2,042	1,901	-180	618	-1,595
Net Cash From Operating Activities	-2,383	2,100	-1,380	4,147	254	965	-1,052	3,325	1,668	1,107	-941
Net Cash From Continuing Operating Activities	-2,383	2,100	-1,380	4,147	254	965	-1,052	3,325	1,668	1,107	-941
Net Income / (Loss) Continuing Operations	928	287	960	830	630	703	997	826	1,120	967	809
Consolidated Net Income / (Loss)	928	287	960	830	630	703	997	826	1,120	967	809
Depreciation Expense	58	61	63	62	62	65	64	63	61	63	61
Amortization Expense	95	102	106	98	97	92	95	98	87	88	87
Non-Cash Adjustments To Reconcile Net Income	246	683	56	-54	668	395	140	238	96	-64	139
Changes in Operating Assets and Liabilities, net	-3,710	967	-2,565	3,211	-1,203	-290	-2,348	2,100	304	53	-2,037
Net Cash From Investing Activities	-136	-286	-87	-577	-180	-166	-149	-244	-414	77	39
Net Cash From Continuing Investing Activities	-136	-286	-87	-577	-180	-166	-149	-244	-414	77	39
Purchase of Property, Plant & Equipment	-126	-136	-106	-188	-90	-75	-78	-125	-108	-86	-71
Acquisitions	-72	-83	-61	-347	-70	-65	-46	-68	-879	-58	-30
Divestitures	-10	3.00	90	-	-3.00	11	39	3.00	578	256	240
Other Investing Activities, net	72	-70	-10	-42	-17	-37	-64	-54	-5.00	-35	-100
Net Cash From Financing Activities	1,298	-1,599	-809	-968	-622	-909	-843	-1,190	-1,425	-572	-1,181
Net Cash From Continuing Financing Activities	1,298	-1,599	-809	-968	-622	-909	-843	-1,190	-1,425	-572	-1,181
Repayment of Debt	-2,321	-6,072	-1,583	-15,443	-2,488	-1,987	-509	-8,844	-847	-156	-201
Repurchase of Common Equity	-827	-1,492	-527	-678	-842	-809	-696	-138	-2,016	-484	-1,000
Payment of Dividends	-92	-80	-82	-82	-83	-75	-74	-76	-77	-68	-71
Issuance of Debt	4,519	6,013	1,361	15,194	2,770	1,935	1,056	7,848	1,499	100	0.00
Issuance of Common Equity	19	32	22	41	21	27	27	20	16	36	91
Effect of Exchange Rate Changes	-22	6.00	-5.00	-	7.00	-3.00	2.00	10	-9.00	6.00	18

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Total Assets	67,443	62,320	63,298	65,015	61,247	59,672	60,381	60,969	56,523	53,870
Total Current Assets	47,970	44,292	46,231	45,382	42,222	38,465	37,136	36,948	38,435	36,670
Cash & Equivalents	4,583	4,678	3,532	6,278	4,015	2,981	2,672	2,783	4,048	5,341
Accounts Receivable	21,622	19,410	18,583	19,181	19,950	18,246	17,711	18,215	17,980	15,914
Inventories, net	21,139	19,691	18,702	19,246	16,734	16,709	16,310	15,278	15,335	14,296
Prepaid Expenses	626	513	898	665	617	529	443	672	1,072	1,119
Plant, Property, & Equipment, net	2,316	2,177	2,092	2,581	2,365	2,548	2,464	2,292	2,278	2,045
Total Noncurrent Assets	17,157	15,851	14,975	17,052	16,660	18,659	20,781	21,729	15,810	15,155
Goodwill	10,132	9,947	9,451	9,493	9,360	9,358	10,924	10,586	9,786	9,817
Intangible Assets	2,110	2,277	2,059	2,878	3,156	3,689	4,102	3,665	3,021	3,441
Other Noncurrent Operating Assets	4,915	3,627	3,465	4,681	4,144	2,099	2,027	3,415	3,003	1,897
Total Liabilities & Shareholders' Equity	67,443	62,320	63,298	65,015	61,247	59,672	60,381	60,969	56,523	53,870
Total Liabilities	69,042	63,810	65,090	63,569	54,536	49,992	48,865	48,369	46,109	44,399
Total Current Liabilities	52,357	47,957	48,466	44,103	42,624	37,626	36,685	35,612	35,069	33,497
Short-Term Debt	50	968	799	742	1,052	330	1,129	1,240	1,617	1,664
Accounts Payable	47,097	42,490	38,086	38,975	37,195	33,853	32,177	31,022	28,585	25,166
Accrued Expenses	4,915	4,200	4,543	3,987	3,340	3,443	3,379	3,004	3,948	3,769
Other Current Liabilities	295	299	297	390	354	-	-	-	-	-
Total Noncurrent Liabilities	16,685	15,853	16,624	19,466	11,912	12,366	12,180	12,757	11,040	10,902
Long-Term Debt	5,579	4,626	5,080	6,406	6,335	7,265	6,751	7,305	6,497	8,180
Asset Retirement Reserve & Litigation Obligation	6,113	6,625	7,220	8,067	0.00	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	917	1,387	1,418	1,411	2,255	2,998	2,804	3,678	2,734	859
Other Noncurrent Operating Liabilities	4,076	3,215	2,906	3,582	3,322	2,103	2,625	1,774	1,809	1,863
Total Equity & Noncontrolling Interests	-1,599	-1,490	-1,792	175	5,309	8,287	10,057	11,273	9,008	8,085
Total Preferred & Common Equity	-1,971	-1,857	-2,272	-21	5,092	8,094	9,804	11,095	8,924	8,001
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-1,971	-1,857	-2,272	-21	5,092	8,094	9,804	11,095	8,924	8,001
Common Stock	8,051	7,750	7,277	6,927	6,665	6,438	6,191	6,031	5,848	6,972
Retained Earnings	14,978	12,295	9,030	8,202	13,022	12,409	12,986	13,189	8,360	12,705
Treasury Stock	-24,119	-20,997	-17,045	-13,670	-12,892	-8,902	-7,655	-5,982	-3,721	-9,956
Accumulated Other Comprehensive Income / (Loss)	-881	-905	-1,534	-1,480	-1,703	-1,849	-1,717	-2,141	-1,561	-1,713
Noncontrolling Interest	372	367	480	196	217	193	253	178	84	84

This table presents McKesson'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 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Total Assets	71,081	72,429	71,670	67,443	66,512	66,091	64,096	62,320	62,690	63,081	62,295
Total Current Assets	51,741	53,341	52,252	47,970	47,640	47,531	45,539	44,292	44,657	46,448	45,383
Cash & Equivalents	1,131	2,509	2,302	4,583	1,982	2,524	2,636	4,678	2,774	2,916	2,233
Accounts Receivable	25,831	25,270	23,743	21,622	23,066	22,494	21,860	19,410	20,537	20,109	19,900
Inventories, net	23,837	24,176	25,571	21,139	22,020	21,945	20,510	19,691	20,657	19,876	19,505
Prepaid Expenses	942	751	636	626	572	568	533	513	675	722	590
Plant, Property, & Equipment, net	2,397	2,361	2,357	2,316	2,201	2,171	2,172	2,177	2,140	2,071	2,083
Total Noncurrent Assets	16,943	16,727	17,061	17,157	16,671	16,389	16,385	15,851	15,893	14,562	14,829
Goodwill	10,004	10,087	10,118	10,132	9,973	9,934	9,971	9,947	9,934	9,239	9,368
Intangible Assets	1,509	1,573	2,045	2,110	2,097	2,142	2,221	2,277	2,273	1,872	1,976
Other Noncurrent Operating Assets	5,430	5,067	4,898	4,915	4,601	4,313	4,193	3,627	3,686	3,451	3,485
Total Liabilities & Shareholders' Equity	71,081	72,429	71,670	67,443	66,512	66,091	64,096	62,320	62,690	63,081	62,295
Total Liabilities	73,785	75,071	73,051	69,042	68,194	67,555	65,336	63,810	64,779	64,330	63,767
Total Current Liabilities	58,562	58,771	56,434	52,357	51,661	51,147	48,422	47,957	48,006	48,357	47,201
Short-Term Debt	3,590	53	51	50	266	49	50	968	1,021	800	799
Accounts Payable	49,689	53,317	51,704	47,097	46,699	46,795	43,982	42,490	42,238	41,003	39,708
Accrued Expenses	5,027	4,787	4,383	4,915	4,400	4,007	4,090	4,200	4,453	4,279	4,077
Other Current Liabilities	256	243	296	295	296	296	300	299	292	284	293
Total Noncurrent Liabilities	15,223	16,300	16,617	16,685	16,533	16,408	16,914	15,853	16,773	15,973	16,566
Long-Term Debt	4,422	5,691	5,584	5,579	5,625	5,535	5,611	4,626	5,452	4,813	4,976
Asset Retirement Reserve & Litigation Obligation	5,617	5,617	6,114	6,113	6,128	6,128	6,628	6,625	6,642	6,644	7,132
Noncurrent Deferred & Payable Income Tax Liabilities	1,092	1,048	928	917	978	1,112	1,139	1,387	1,465	1,660	1,541
Other Noncurrent Operating Liabilities	4,092	3,944	3,991	4,076	3,802	3,633	3,536	3,215	3,214	2,856	2,917
Total Equity & Noncontrolling Interests	-2,704	-2,642	-1,381	-1,599	-1,682	-1,464	-1,240	-1,490	-2,089	-1,249	-1,472
Total Preferred & Common Equity	-3,084	-3,017	-1,755	-1,971	-2,053	-1,828	-1,602	-1,857	-2,455	-1,767	-2,004
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-3,084	-3,017	-1,755	-1,971	-2,053	-1,828	-1,602	-1,857	-2,455	-1,767	-2,004
Common Stock	8,294	8,224	8,129	8,051	7,965	7,902	7,827	7,750	7,539	7,612	7,353
Retained Earnings	16,752	15,959	15,810	14,978	14,268	13,761	13,182	12,295	11,582	10,579	9,732
Treasury Stock	-27,141	-26,310	-24,781	-24,119	-23,474	-22,604	-21,763	-20,997	-20,677	-18,844	-18,141
Accumulated Other Comprehensive Income / (Loss)	-989	-890	-913	-881	-812	-887	-848	-905	-899	-1,114	-948
Noncontrolling Interest	380	375	374	372	371	364	362	367	366	518	532

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.65%	4.83%	10.80%	3.11%	7.81%	2.86%	4.95%	4.01%	6.61%	30.32%
EBITDA Growth	-14.76%	79.46%	177.79%	-214.81%	69.71%	26.46%	-80.33%	80.68%	10.87%	26.26%
EBIT Growth	-17.16%	112.36%	147.69%	-292.60%	134.18%	65.84%	-91.05%	99.81%	18.87%	22.66%
NOPAT Growth	-7.51%	158.08%	138.71%	-244.01%	564.05%	-60.37%	-82.93%	113.49%	24.15%	29.53%
Net Income Growth	-15.10%	189.20%	129.65%	-487.50%	339.22%	-14.14%	-94.24%	123.07%	49.71%	22.66%
EPS Growth	-10.55%	246.20%	125.58%	-670.91%	2,811.76%	-46.88%	-98.59%	134.33%	54.70%	15.90%
Operating Cash Flow Growth	-16.38%	16.35%	-2.38%	3.84%	8.37%	-7.11%	-8.41%	29.19%	17.99%	-0.77%
Free Cash Flow Firm Growth	-33.61%	68.30%	-27.87%	19.23%	30.45%	15.66%	-60.35%	175.06%	-57.34%	185.10%
Invested Capital Growth	3.66%	-173.59%	-66.28%	-76.54%	-8.54%	-17.04%	-9.11%	-1.25%	3.62%	-16.42%
Revenue Q/Q Growth	2.47%	1.03%	2.71%	0.26%	2.71%	0.38%	1.42%	1.04%	0.93%	4.13%
EBITDA Q/Q Growth	5.36%	6.19%	-12.83%	4.26%	273.69%	167.15%	-76.94%	133.29%	19.71%	18.19%
EBIT Q/Q Growth	6.29%	7.04%	-14.55%	3.70%	132.87%	145.52%	-90.18%	124.76%	1.26%	2.78%
NOPAT Q/Q Growth	-0.13%	14.83%	-18.25%	2.72%	232.99%	220.87%	-82.68%	138.64%	1.97%	-0.13%
Net Income Q/Q Growth	0.13%	12.75%	-19.31%	-9.18%	259.54%	396.51%	-94.07%	161.04%	14.93%	-12.53%
EPS Q/Q Growth	1.54%	14.66%	-21.84%	-4.28%	203.56%	113.71%	-98.54%	168.68%	15.89%	-13.76%
Operating Cash Flow Q/Q Growth	23.54%	9.28%	-9.82%	-22.04%	21.00%	27.52%	57.66%	-26.05%	49.94%	-20.06%
Free Cash Flow Firm Q/Q Growth	22.91%	37.14%	-34.38%	-12.24%	17.92%	529.04%	-44.71%	66.15%	-37.53%	223.34%
Invested Capital Q/Q Growth	-124.83%	-135.92%	-62.61%	-52.14%	-24.38%	-28.89%	-18.15%	-1.68%	-7.48%	-14.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	4.15%	4.47%	4.97%	5.10%	5.20%	5.48%	5.37%	5.68%	5.98%	6.37%
EBITDA Margin	1.51%	1.98%	1.16%	-1.65%	1.48%	0.94%	0.77%	4.08%	2.35%	2.26%
Operating Margin	1.27%	1.58%	0.77%	-2.12%	1.08%	0.41%	0.37%	3.59%	1.86%	1.66%
EBIT Margin	1.31%	1.76%	0.87%	-2.02%	1.08%	0.50%	0.31%	3.63%	1.89%	1.69%
Profit (Net Income) Margin	1.02%	1.35%	0.49%	-1.82%	0.48%	0.12%	0.14%	2.60%	1.21%	0.86%
Tax Burden Percent	83.40%	80.39%	66.75%	86.21%	97.90%	41.80%	124.27%	74.78%	71.08%	58.07%
Interest Burden Percent	93.76%	94.92%	83.94%	104.50%	45.74%	57.12%	37.11%	95.72%	90.20%	87.66%
Effective Tax Rate	16.60%	19.55%	32.99%	0.00%	1.57%	58.36%	-22.18%	23.42%	27.94%	30.67%
Return on Invested Capital (ROIC)	0.00%	3,422.01%	88.31%	-57.96%	23.74%	3.10%	6.82%	37.90%	17.96%	13.41%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	3,433.33%	83.73%	-98.40%	-38.84%	-5.72%	-33.06%	27.46%	12.25%	3.97%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-3,648.82%	-832.24%	-48.45%	-10.07%	-0.70%	-4.36%	6.88%	5.28%	2.19%
Return on Equity (ROE)	-204.60%	-226.81%	-743.93%	-106.41%	13.67%	2.41%	2.46%	44.78%	23.23%	15.59%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	187.44%	66.03%	32.66%	21.73%	16.37%	39.16%	14.40%	31.29%
Operating Return on Assets (OROA)	6.23%	7.77%	3.58%	-7.63%	4.14%	1.78%	1.06%	12.25%	6.53%	5.74%
Return on Assets (ROA)	4.87%	5.93%	2.01%	-6.87%	1.85%	0.42%	0.49%	8.77%	4.19%	2.92%
Return on Common Equity (ROCE)	-253.54%	-285.35%	-4,930.15%	-66.15%	10.99%	2.03%	2.13%	38.95%	19.78%	13.02%
Return on Equity Simple (ROE_SIMPLE)	-160.32%	-200.43%	-56.65%	0.00%	22.00%	3.15%	3.03%	46.44%	25.89%	19.29%
Net Operating Profit after Tax (NOPAT)	3,260	3,525	1,366	-3,528	2,450	369	931	5,454	2,555	2,058
NOPAT Margin	1.06%	1.27%	0.52%	-1.48%	1.06%	0.17%	0.45%	2.75%	1.34%	1.15%
Net Nonoperating Expense Percent (NNEP)	10.20%	-11.31%	4.58%	40.44%	62.58%	8.83%	39.89%	10.44%	5.71%	9.44%
Cost of Revenue to Revenue	95.85%	95.53%	95.03%	94.90%	94.80%	94.52%	94.63%	94.32%	94.02%	93.63%
SG&A Expenses to Revenue	2.80%	2.81%	3.99%	3.71%	3.97%	3.94%	3.91%	3.75%	3.87%	4.41%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.17%	0.21%	0.22%
Operating Expenses to Revenue	2.89%	2.88%	4.20%	7.21%	4.13%	5.07%	5.00%	2.09%	4.12%	4.72%
Earnings before Interest and Taxes (EBIT)	4,041	4,878	2,297	-4,817	2,501	1,068	644	7,199	3,603	3,031
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,676	5,486	3,057	-3,930	3,423	2,017	1,595	8,109	4,488	4,048
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	4.56	2.66	2.81	2.67	3.76	6.11
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
Price to Revenue (P/Rev)	0.23	0.18	0.17	0.13	0.10	0.10	0.13	0.15	0.18	0.27
Price to Earnings (P/E)	23.47	13.63	40.72	0.00	25.82	633.80	411.57	5.83	14.87	33.15
Dividend Yield	0.33%	0.59%	0.60%	0.87%	1.23%	1.34%	0.97%	0.80%	0.74%	0.46%
Earnings Yield	4.26%	7.34%	2.46%	0.00%	3.87%	0.16%	0.24%	17.14%	6.72%	3.02%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	61.77	14.18	2.86	2.25	2.37	2.29	2.70	3.93
Enterprise Value to Revenue (EV/Rev)	0.23	0.18	0.18	0.14	0.12	0.11	0.15	0.17	0.21	0.31
Enterprise Value to EBITDA (EV/EBITDA)	15.37	9.08	15.76	0.00	8.25	12.02	19.29	4.04	8.72	13.56
Enterprise Value to EBIT (EV/EBIT)	17.79	10.21	20.98	0.00	11.29	22.69	47.78	4.55	10.86	18.11
Enterprise Value to NOPAT (EV/NOPAT)	22.05	14.13	35.28	0.00	11.52	65.69	33.05	6.01	15.32	26.68
Enterprise Value to Operating Cash Flow (EV/OCF)	16.66	9.65	10.87	7.22	6.45	6.01	7.08	6.91	10.66	17.64
Enterprise Value to Free Cash Flow (EV/FCFF)	22.19	10.21	16.62	8.16	8.37	9.38	13.77	5.82	19.10	11.43
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.52	-3.75	-3.28	4.94	1.10	0.78	0.68	0.68	0.78	1.04
Long-Term Debt to Equity	-3.49	-3.10	-2.83	4.43	0.94	0.75	0.59	0.58	0.62	0.86
Financial Leverage	-0.64	-1.06	-9.94	0.49	0.26	0.12	0.13	0.25	0.43	0.55
Leverage Ratio	-42.01	-38.27	-370.85	15.48	7.38	5.66	5.03	5.11	5.55	5.34
Compound Leverage Factor	-39.39	-36.33	-311.27	16.18	3.37	3.24	1.87	4.89	5.01	4.68
Debt to Total Capital	139.68%	136.31%	143.85%	83.17%	52.40%	43.97%	40.63%	40.41%	43.79%	50.97%
Short-Term Debt to Total Capital	1.24%	23.59%	19.55%	8.63%	7.46%	1.91%	5.82%	5.86%	8.73%	8.62%
Long-Term Debt to Total Capital	138.44%	112.72%	124.30%	74.54%	44.94%	42.06%	34.81%	34.55%	35.07%	42.35%
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%
Noncontrolling Interests to Total Capital	9.23%	8.94%	11.74%	17.07%	11.48%	9.18%	8.83%	7.12%	8.04%	7.61%
Common Equity to Total Capital	-48.91%	-45.25%	-55.59%	-0.24%	36.12%	46.85%	50.55%	52.47%	48.16%	41.42%
Debt to EBITDA	1.20	1.02	1.92	-1.82	2.16	3.77	4.94	1.05	1.81	2.43
Net Debt to EBITDA	0.22	0.17	0.77	-0.22	0.99	0.55	0.93	0.21	0.91	1.11
Long-Term Debt to EBITDA	1.19	0.84	1.66	-1.63	1.85	3.60	4.23	0.90	1.45	2.02
Debt to NOPAT	1.73	1.59	4.30	-2.03	3.02	20.59	8.46	1.57	3.18	4.78
Net Debt to NOPAT	0.32	0.26	1.72	-0.25	1.38	2.98	1.59	0.31	1.59	2.19
Long-Term Debt to NOPAT	1.71	1.31	3.72	-1.82	2.59	19.69	7.25	1.34	2.54	3.98
Altman Z-Score	5.62	5.36	4.87	3.91	4.45	4.22	4.13	4.34	4.30	4.57
Noncontrolling Interest Sharing Ratio	-23.92%	-25.81%	-562.72%	37.83%	19.55%	15.56%	13.34%	13.01%	14.89%	16.50%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.92	0.92	0.95	1.03	0.99	1.02	1.01	1.04	1.10	1.09
Quick Ratio	0.50	0.50	0.46	0.58	0.56	0.56	0.56	0.59	0.63	0.63
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3,239	4,879	2,899	4,019	3,371	2,584	2,234	5,635	2,049	4,803
Operating Cash Flow to CapEx	1,000.93%	1,322.82%	1,142.78%	1,007.10%	1,208.29%	947.42%	1,072.84%	1,174.26%	752.46%	827.66%
Free Cash Flow to Firm to Interest Expense	12.85	19.67	7.86	18.52	13.54	9.79	5.52	18.30	5.80	12.84
Operating Cash Flow to Interest Expense	17.12	20.80	12.02	20.93	17.57	15.29	10.73	15.40	10.40	8.32
Operating Cash Flow Less CapEx to Interest Expense	15.41	19.23	10.96	18.85	16.11	13.67	9.73	14.09	9.02	7.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	4.76	4.41	4.11	3.77	3.82	3.57	3.43	3.38	3.46	3.39
Accounts Receivable Turnover	15.06	14.57	13.98	12.18	12.10	11.92	11.60	10.97	11.26	12.06
Inventory Turnover	14.51	13.77	13.22	12.57	13.10	12.27	12.48	12.23	12.11	12.29
Fixed Asset Turnover	137.53	129.64	112.98	96.33	94.06	85.52	87.62	86.89	88.31	84.44
Accounts Payable Turnover	6.61	6.56	6.51	5.94	6.17	6.14	6.24	6.28	6.68	7.24
Days Sales Outstanding (DSO)	24.24	25.06	26.11	29.98	30.17	30.62	31.47	33.27	32.41	30.27
Days Inventory Outstanding (DIO)	25.16	26.51	27.61	29.04	27.87	29.75	29.24	29.83	30.13	29.70
Days Payable Outstanding (DPO)	55.21	55.63	56.07	61.49	59.20	59.49	58.50	58.09	54.66	50.40
Cash Conversion Cycle (CCC)	-5.81	-4.06	-2.35	-2.47	-1.16	0.88	2.21	5.02	7.88	9.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-553	-574	780	2,313	9,860	10,781	12,996	14,299	14,480	13,974
Invested Capital Turnover	-548.27	2,686.51	170.69	39.14	22.39	18.03	15.27	13.80	13.42	11.67
Increase / (Decrease) in Invested Capital	21	-1,354	-1,533	-7,547	-921	-2,215	-1,303	-181	506	-2,745
Enterprise Value (EV)	71,888	49,790	48,184	32,788	28,228	24,236	30,767	32,776	39,136	54,896
Market Capitalization	70,470	48,507	45,357	30,451	23,237	21,549	27,575	29,572	33,580	48,923
Book Value per Share	($15.00)	($13.56)	($15.17)	($0.13)	$28.78	$42.19	$47.51	$52.32	$39.04	$34.36
Tangible Book Value per Share	($108.16)	($102.83)	($92.00)	($77.86)	($41.96)	($25.82)	($25.31)	($14.88)	($16.99)	($22.58)
Total Capital	4,030	4,104	4,087	8,594	14,098	17,275	19,396	21,145	18,528	19,315
Total Debt	5,629	5,594	5,879	7,148	7,387	7,595	7,880	8,545	8,114	9,844
Total Long-Term Debt	5,579	4,626	5,080	6,406	6,335	7,265	6,751	7,305	6,497	8,180
Net Debt	1,046	916	2,347	870	3,372	1,101	1,480	1,699	4,066	4,503
Capital Expenditures (CapEx)	431	390	388	451	362	426	405	404	488	376
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8,920	-7,375	-4,968	-4,257	-3,365	-1,812	-1,092	-207	935	-504
Debt-free Net Working Capital (DFNWC)	-4,337	-2,697	-1,436	2,021	650	1,169	1,580	2,576	4,983	4,837
Net Working Capital (NWC)	-4,387	-3,665	-2,235	1,279	-402	839	451	1,336	3,366	3,173
Net Nonoperating Expense (NNE)	100	-197	79	812	1,330	114	634	301	245	515
Net Nonoperating Obligations (NNO)	1,046	916	2,572	867	3,149	1,101	1,480	1,699	4,066	4,503
Total Depreciation and Amortization (D&A)	635	608	760	887	922	949	951	910	885	1,017
Debt-free, Cash-free Net Working Capital to Revenue	-2.89%	-2.67%	-1.88%	-1.79%	-1.46%	-0.85%	-0.52%	-0.10%	0.49%	-0.28%
Debt-free Net Working Capital to Revenue	-1.40%	-0.97%	-0.54%	0.85%	0.28%	0.55%	0.76%	1.30%	2.61%	2.70%
Net Working Capital to Revenue	-1.42%	-1.32%	-0.85%	0.54%	-0.17%	0.39%	0.22%	0.67%	1.76%	1.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$22.54	$25.23	$7.32	($28.26)	$4.98	$0.17	$0.32	$22.95	$9.82	$0.00
Adjusted Weighted Average Basic Shares Outstanding	133.20M	141.10M	152.30M	160.60M	181M	196M	208M	221M	230M	0.00
Adjusted Diluted Earnings per Share	$22.39	$25.03	$7.23	($28.26)	$4.95	$0.17	$0.32	$22.73	$9.70	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	134.10M	142.20M	154.10M	160.60M	182M	197M	209M	223M	233M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.98	$0.17	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	129.99M	135.60M	145.37M	158.19M	161.85M	189.96M	202.05M	210.90M	225.02M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	3,479	3,686	1,738	2,309	2,796	2,322	2,045	5,690	2,701	2,162
Normalized NOPAT Margin	1.13%	1.33%	0.66%	0.97%	1.21%	1.08%	0.98%	2.87%	1.41%	1.21%
Pre Tax Income Margin	1.23%	1.67%	0.73%	-2.11%	0.50%	0.28%	0.11%	3.47%	1.70%	1.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.04	19.67	6.22	-22.20	10.04	4.05	1.59	23.37	10.21	8.10
NOPAT to Interest Expense	12.94	14.21	3.70	-16.26	9.84	1.40	2.30	17.71	7.24	5.50
EBIT Less CapEx to Interest Expense	14.33	18.10	5.17	-24.28	8.59	2.43	0.59	22.06	8.82	7.10
NOPAT Less CapEx to Interest Expense	11.23	12.64	2.65	-18.34	8.38	-0.22	1.30	16.40	5.85	4.50
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.94%	7.85%	21.52%	-6.36%	26.25%	114.51%	88.22%	4.91%	10.56%	14.71%
Augmented Payout Ratio	105.66%	105.59%	374.83%	-24.59%	199.20%	757.25%	663.64%	49.76%	80.35%	43.88%

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

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.80%	21.29%	6.44%	10.80%	14.77%	10.06%	10.91%	4.25%	2.73%	5.38%	7.15%
EBITDA Growth	73.17%	-31.66%	2.39%	20.31%	-49.85%	-21.79%	8.17%	37.56%	231.01%	66.09%	44.63%
EBIT Growth	91.27%	-37.36%	1.85%	23.64%	-55.44%	-24.79%	8.28%	46.52%	377.04%	91.59%	72.01%
NOPAT Growth	40.19%	-57.44%	-9.34%	-0.68%	-31.09%	-16.98%	20.96%	118.12%	2,185.77%	132.56%	53.41%
Net Income Growth	47.30%	-59.18%	-3.71%	0.48%	-43.75%	-27.30%	23.24%	103.95%	2,771.79%	211.94%	51.78%
EPS Growth	57.24%	-61.99%	-0.28%	5.98%	-42.30%	-23.36%	33.46%	128.51%	19,250.00%	275.44%	71.34%
Operating Cash Flow Growth	-1,038.19%	117.62%	-31.18%	24.72%	-84.77%	-12.83%	-11.80%	15.17%	21.13%	-38.23%	41.99%
Free Cash Flow Firm Growth	-3,310.28%	725.71%	62.08%	-62.13%	-97.80%	-107.73%	-89.33%	15.09%	-48.12%	-63.56%	-41.79%
Invested Capital Growth	87.56%	-79.39%	9.36%	3.66%	39.36%	159.93%	44.07%	-173.59%	-23.39%	-79.52%	-73.71%
Revenue Q/Q Growth	1.75%	18.12%	3.83%	-5.62%	4.77%	3.67%	8.09%	-2.24%	0.47%	4.47%	1.59%
EBITDA Q/Q Growth	86.58%	-41.64%	-5.82%	68.86%	-26.37%	-12.57%	10.67%	-29.61%	14.83%	20.93%	40.73%
EBIT Q/Q Growth	111.27%	-47.20%	-7.28%	84.91%	-30.81%	-14.15%	12.56%	-33.36%	16.78%	23.60%	52.32%
NOPAT Q/Q Growth	198.24%	-65.91%	5.64%	30.53%	-9.45%	-27.39%	15.74%	-9.44%	9.09%	5.78%	108.71%
Net Income Q/Q Growth	223.34%	-70.10%	15.66%	31.75%	-10.38%	-29.49%	20.70%	-26.25%	15.82%	19.53%	99.75%
EPS Q/Q Growth	271.66%	-73.29%	16.09%	36.43%	-10.16%	-29.91%	23.37%	-25.72%	19.31%	22.05%	111.25%
Operating Cash Flow Q/Q Growth	-213.48%	252.17%	-133.28%	1,532.68%	-73.68%	191.73%	-131.64%	99.34%	50.68%	217.64%	-132.59%
Free Cash Flow Firm Q/Q Growth	-164.88%	111.97%	-11.57%	2,539.81%	112.64%	-154.91%	-79.34%	53.59%	-55.66%	-24.20%	122.92%
Invested Capital Q/Q Growth	1,169.60%	-83.15%	452.98%	-124.83%	39.54%	-10.59%	410.98%	-135.92%	160.26%	-50.44%	58.85%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	3.45%	3.47%	3.98%	4.70%	3.90%	3.97%	4.06%	4.45%	4.50%	4.41%	4.50%
EBITDA Margin	1.52%	0.83%	1.68%	1.85%	1.03%	1.47%	1.74%	1.70%	2.36%	2.07%	1.79%
Operating Margin	1.28%	0.62%	1.30%	1.59%	0.79%	1.23%	1.48%	1.42%	1.76%	1.60%	1.54%
EBIT Margin	1.36%	0.65%	1.46%	1.64%	0.84%	1.27%	1.53%	1.47%	2.15%	1.85%	1.57%
Profit (Net Income) Margin	0.97%	0.31%	1.21%	1.09%	0.78%	0.91%	1.34%	1.20%	1.59%	1.38%	1.20%
Tax Burden Percent	75.69%	53.75%	88.56%	70.94%	102.94%	76.75%	91.38%	88.63%	77.35%	77.73%	80.42%
Interest Burden Percent	94.82%	87.25%	93.53%	93.60%	90.53%	93.76%	95.87%	92.19%	95.45%	95.77%	95.72%
Effective Tax Rate	24.31%	46.25%	11.44%	29.06%	-2.94%	23.25%	8.62%	11.37%	22.72%	21.78%	19.78%
Return on Invested Capital (ROIC)	104.63%	113.79%	193.01%	0.00%	128.79%	249.01%	253.53%	3,386.08%	202.31%	188.75%	111.63%
ROIC Less NNEP Spread (ROIC-NNEP)	104.66%	113.01%	194.54%	0.00%	127.98%	247.92%	253.25%	3,383.64%	207.22%	192.30%	111.04%
Return on Net Nonoperating Assets (RNNOA)	-257.46%	-165.99%	-471.91%	0.00%	-257.79%	-449.87%	-535.63%	-3,596.02%	-472.65%	-712.20%	-548.73%
Return on Equity (ROE)	-152.84%	-52.20%	-278.90%	-204.60%	-129.00%	-200.86%	-282.09%	-209.94%	-270.34%	-523.45%	-437.10%
Cash Return on Invested Capital (CROIC)	33.72%	418.26%	160.68%	0.00%	137.80%	232.35%	207.99%	0.00%	193.13%	252.04%	172.22%
Operating Return on Assets (OROA)	6.80%	3.12%	6.76%	7.80%	3.90%	5.70%	6.87%	6.46%	9.33%	7.95%	6.71%
Return on Assets (ROA)	4.88%	1.46%	5.60%	5.18%	3.63%	4.10%	6.02%	5.28%	6.89%	5.92%	5.17%
Return on Common Equity (ROCE)	-179.01%	-61.59%	-357.22%	-253.54%	-154.21%	-266.16%	-375.08%	-264.12%	-350.52%	-916.04%	-733.23%
Return on Equity Simple (ROE_SIMPLE)	-97.44%	-89.72%	-177.95%	0.00%	-153.73%	-199.45%	-244.07%	0.00%	-134.46%	-125.64%	-77.99%
Net Operating Profit after Tax (NOPAT)	926	311	911	863	661	730	1,005	869	959	879	831
NOPAT Margin	0.97%	0.33%	1.15%	1.13%	0.82%	0.95%	1.35%	1.26%	1.36%	1.25%	1.24%
Net Nonoperating Expense Percent (NNEP)	-0.03%	0.78%	-1.53%	3.33%	0.81%	1.09%	0.29%	2.44%	-4.91%	-3.55%	0.59%
Return On Investment Capital (ROIC_SIMPLE)	17.45%	-	-	-	15.70%	-	-	-	-	-	-
Cost of Revenue to Revenue	96.55%	96.53%	96.02%	95.30%	96.10%	96.03%	95.94%	95.55%	95.50%	95.59%	95.50%
SG&A Expenses to Revenue	2.13%	2.67%	2.52%	2.87%	3.10%	2.71%	2.51%	2.85%	2.70%	2.78%	2.92%
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	2.16%	2.85%	2.68%	3.10%	3.10%	2.74%	2.58%	3.03%	2.74%	2.81%	2.96%
Earnings before Interest and Taxes (EBIT)	1,293	612	1,159	1,250	676	977	1,138	1,011	1,517	1,299	1,051
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,446	775	1,328	1,410	835	1,134	1,297	1,172	1,665	1,450	1,199
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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)	0.21	0.19	0.24	0.23	0.20	0.20	0.20	0.18	0.19	0.18	0.18
Price to Earnings (P/E)	25.60	25.28	25.66	23.47	20.45	16.76	15.39	13.63	16.82	23.58	33.64
Dividend Yield	0.47%	0.39%	0.32%	0.33%	0.49%	0.52%	0.51%	0.59%	0.54%	0.58%	0.58%
Earnings Yield	3.91%	3.96%	3.90%	4.26%	4.89%	5.97%	6.50%	7.34%	5.94%	4.24%	2.97%
Enterprise Value to Invested Capital (EV/IC)	19.06	205.85	40.79	0.00	29.46	38.77	34.24	0.00	35.61	84.16	41.20
Enterprise Value to Revenue (EV/Rev)	0.23	0.21	0.25	0.23	0.22	0.21	0.22	0.18	0.21	0.19	0.19
Enterprise Value to EBITDA (EV/EBITDA)	16.05	15.58	16.92	15.37	14.78	11.75	10.94	9.08	11.01	12.90	14.89
Enterprise Value to EBIT (EV/EBIT)	18.45	18.32	19.60	17.79	17.25	13.33	12.31	10.21	12.49	15.39	18.65
Enterprise Value to NOPAT (EV/NOPAT)	26.28	24.55	25.12	22.05	20.09	17.43	16.56	14.13	18.54	23.84	30.91
Enterprise Value to Operating Cash Flow (EV/OCF)	32.05	13.22	19.98	16.66	18.79	12.61	12.11	9.65	12.05	11.66	9.98
Enterprise Value to Free Cash Flow (EV/FCFF)	73.73	16.82	26.52	22.19	24.89	24.10	19.43	10.21	16.00	11.35	9.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.96	-2.17	-4.08	-3.52	-3.50	-3.81	-4.57	-3.75	-3.10	-4.49	-3.92
Long-Term Debt to Equity	-1.64	-2.15	-4.04	-3.49	-3.34	-3.78	-4.53	-3.10	-2.61	-3.85	-3.38
Financial Leverage	-2.46	-1.47	-2.43	-0.64	-2.01	-1.81	-2.12	-1.06	-2.28	-3.70	-4.94
Leverage Ratio	-31.37	-33.74	-51.80	-42.01	-34.26	-47.61	-46.60	-38.27	-43.95	-94.82	-82.91
Compound Leverage Factor	-29.75	-29.44	-48.45	-39.32	-31.02	-44.64	-44.68	-35.28	-41.95	-90.81	-79.36
Debt to Total Capital	150.94%	185.17%	132.46%	139.68%	139.96%	135.53%	128.05%	136.31%	147.65%	128.62%	134.21%
Short-Term Debt to Total Capital	67.63%	1.71%	1.20%	1.24%	6.32%	1.19%	1.13%	23.59%	23.29%	18.33%	18.57%
Long-Term Debt to Total Capital	83.31%	183.46%	131.26%	138.44%	133.64%	134.34%	126.92%	112.72%	124.36%	110.29%	115.64%
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	7.16%	12.09%	8.79%	9.23%	8.81%	8.84%	8.19%	8.94%	8.35%	11.87%	12.36%
Common Equity to Total Capital	-58.10%	-97.26%	-41.26%	-48.91%	-48.78%	-44.37%	-36.24%	-45.25%	-56.00%	-40.49%	-46.57%
Debt to EBITDA	1.62	1.32	1.20	1.20	1.33	1.06	1.01	1.02	1.25	1.40	1.69
Net Debt to EBITDA	1.39	0.74	0.71	0.22	0.88	0.58	0.54	0.17	0.72	0.67	1.03
Long-Term Debt to EBITDA	0.89	1.31	1.19	1.19	1.27	1.05	1.00	0.84	1.06	1.20	1.45
Debt to NOPAT	2.64	2.08	1.78	1.73	1.80	1.57	1.53	1.59	2.11	2.59	3.50
Net Debt to NOPAT	2.27	1.17	1.05	0.32	1.20	0.86	0.82	0.26	1.21	1.24	2.15
Long-Term Debt to NOPAT	1.46	2.06	1.76	1.71	1.72	1.56	1.52	1.31	1.78	2.22	3.01
Altman Z-Score	5.71	5.32	5.29	5.49	5.33	5.20	5.25	5.16	5.13	5.03	4.99
Noncontrolling Interest Sharing Ratio	-17.12%	-18.00%	-28.08%	-23.92%	-19.54%	-32.51%	-32.96%	-25.81%	-29.66%	-75.00%	-67.75%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.88	0.91	0.93	0.92	0.92	0.93	0.94	0.92	0.93	0.96	0.96
Quick Ratio	0.46	0.47	0.46	0.50	0.48	0.49	0.51	0.50	0.49	0.48	0.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,024	1,578	744	842	32	-252	459	2,223	1,447	3,263	4,305
Operating Cash Flow to CapEx	-1,891.27%	1,544.12%	-1,301.89%	2,205.85%	282.22%	1,286.67%	-1,348.72%	2,660.00%	1,544.44%	1,287.21%	-1,325.35%
Free Cash Flow to Firm to Interest Expense	-15.28	20.23	9.92	10.52	0.50	-4.13	9.77	28.13	20.97	59.33	95.67
Operating Cash Flow to Interest Expense	-35.57	26.92	-18.40	51.84	3.97	15.82	-22.38	42.09	24.17	20.13	-20.91
Operating Cash Flow Less CapEx to Interest Expense	-37.45	25.18	-19.81	49.49	2.56	14.59	-24.04	40.51	22.61	18.56	-22.49
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	5.01	4.77	4.62	4.76	4.67	4.51	4.49	4.41	4.33	4.29	4.29
Accounts Receivable Turnover	14.09	13.83	13.76	15.06	13.83	13.67	13.60	14.57	14.09	13.52	13.39
Inventory Turnover	14.45	13.75	13.06	14.51	13.55	13.33	13.58	13.77	13.17	13.22	12.92
Fixed Asset Turnover	149.88	145.71	138.55	137.53	138.91	137.25	133.51	129.64	130.31	126.73	115.91
Accounts Payable Turnover	6.87	6.33	6.29	6.61	6.50	6.35	6.49	6.56	6.58	6.49	6.54
Days Sales Outstanding (DSO)	25.90	26.40	26.53	24.24	26.39	26.71	26.83	25.06	25.91	27.00	27.26
Days Inventory Outstanding (DIO)	25.26	26.55	27.96	25.16	26.93	27.38	26.88	26.51	27.72	27.62	28.25
Days Payable Outstanding (DPO)	53.09	57.63	58.06	55.21	56.12	57.48	56.22	55.63	55.47	56.28	55.82
Cash Conversion Cycle (CCC)	-1.94	-4.68	-3.57	-5.81	-2.80	-3.39	-2.51	-4.06	-1.84	-1.66	-0.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,177	329	1,952	-553	2,227	1,596	1,785	-574	1,598	614	1,239
Invested Capital Turnover	107.61	343.05	167.92	-548.27	157.65	263.44	187.86	2,686.51	148.70	150.62	90.20
Increase / (Decrease) in Invested Capital	1,950	-1,267	167	21	629	982	546	-1,354	-488	-2,384	-3,474
Enterprise Value (EV)	79,605	67,725	79,624	71,888	65,598	61,878	61,115	49,790	56,901	51,671	51,042
Market Capitalization	72,344	64,115	75,917	70,470	61,318	58,454	57,728	48,507	52,836	48,456	46,968
Book Value per Share	($24.29)	($23.27)	($13.50)	($15.00)	($15.43)	($13.55)	($11.81)	($13.56)	($17.31)	($12.29)	($13.79)
Tangible Book Value per Share	($114.99)	($113.18)	($107.07)	($108.16)	($106.14)	($103.07)	($101.72)	($102.83)	($103.40)	($89.60)	($91.82)
Total Capital	5,308	3,102	4,254	4,030	4,209	4,120	4,421	4,104	4,384	4,364	4,303
Total Debt	8,012	5,744	5,635	5,629	5,891	5,584	5,661	5,594	6,473	5,613	5,775
Total Long-Term Debt	4,422	5,691	5,584	5,579	5,625	5,535	5,611	4,626	5,452	4,813	4,976
Net Debt	6,881	3,235	3,333	1,046	3,909	3,060	3,025	916	3,699	2,697	3,542
Capital Expenditures (CapEx)	126	136	106	188	90	75	78	125	108	86	71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,362	-7,886	-6,433	-8,920	-5,737	-6,091	-5,469	-7,375	-5,102	-4,025	-3,252
Debt-free Net Working Capital (DFNWC)	-3,231	-5,377	-4,131	-4,337	-3,755	-3,567	-2,833	-2,697	-2,328	-1,109	-1,019
Net Working Capital (NWC)	-6,821	-5,430	-4,182	-4,387	-4,021	-3,616	-2,883	-3,665	-3,349	-1,909	-1,818
Net Nonoperating Expense (NNE)	-1.51	24	-49	33	31	27	8.22	43	-161	-88	22
Net Nonoperating Obligations (NNO)	6,881	2,971	3,333	1,046	3,909	3,060	3,025	916	3,687	1,863	2,711
Total Depreciation and Amortization (D&A)	153	163	169	160	159	157	159	161	148	151	148
Debt-free, Cash-free Net Working Capital to Revenue	-1.27%	-2.39%	-2.05%	-2.89%	-1.90%	-2.09%	-1.93%	-2.67%	-1.86%	-1.48%	-1.21%
Debt-free Net Working Capital to Revenue	-0.94%	-1.63%	-1.32%	-1.40%	-1.25%	-1.23%	-1.00%	-0.97%	-0.85%	-0.41%	-0.38%
Net Working Capital to Revenue	-1.98%	-1.64%	-1.33%	-1.42%	-1.33%	-1.24%	-1.02%	-1.32%	-1.22%	-0.70%	-0.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.98	$1.88	$7.04	$6.07	$4.45	$4.95	$7.07	$5.73	$7.71	$6.47	$5.32
Adjusted Weighted Average Basic Shares Outstanding	126M	128.70M	129.80M	133.20M	132.50M	134.10M	135.50M	141.10M	139.90M	143.10M	144.20M
Adjusted Diluted Earnings per Share	$6.95	$1.87	$7.00	$6.03	$4.42	$4.92	$7.02	$5.69	$7.66	$6.42	$5.26
Adjusted Weighted Average Diluted Shares Outstanding	126.60M	129.30M	130.70M	134.10M	133.30M	134.80M	136.60M	142.20M	141M	144.10M	145.90M
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	125.33M	126.94M	129.68M	129.99M	131.41M	133.06M	134.90M	135.60M	136.94M	141.79M	143.73M
Normalized Net Operating Profit after Tax (NOPAT)	951	400	1,019	990	452	750	1,053	977	982	896	854
Normalized NOPAT Margin	1.00%	0.43%	1.29%	1.30%	0.56%	0.97%	1.41%	1.42%	1.39%	1.28%	1.27%
Pre Tax Income Margin	1.29%	0.57%	1.37%	1.53%	0.76%	1.19%	1.46%	1.35%	2.05%	1.77%	1.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	19.30	7.85	15.45	15.63	10.56	16.02	24.21	12.80	21.99	23.62	23.36
NOPAT to Interest Expense	13.83	3.98	12.15	10.78	10.33	11.96	21.39	10.99	13.90	15.98	18.47
EBIT Less CapEx to Interest Expense	17.42	6.10	14.04	13.28	9.16	14.79	22.55	11.22	20.42	22.05	21.78
NOPAT Less CapEx to Interest Expense	11.95	2.24	10.74	8.43	8.92	10.74	19.73	9.41	12.33	14.42	16.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	11.18%	12.08%	10.31%	9.94%	9.76%	8.28%	7.54%	7.85%	8.69%	12.70%	17.85%
Augmented Payout Ratio	128.45%	142.81%	101.76%	105.66%	88.50%	108.64%	92.81%	105.59%	161.07%	180.63%	242.29%

Frequently Asked Questions About McKesson's Financials

When does McKesson's financial year end?

According to the most recent income statement we have on file, McKesson's fiscal year ends in March. Their fiscal year 2024 ended on March 31, 2024.

How has McKesson's net income changed over the last 9 years?

McKesson's net income appears to be on a downward trend, with a most recent value of $3.16 billion in 2024, rising from $1.54 billion in 2015. The previous period was $3.72 billion in 2023. View McKesson's forecast to see where analysts expect McKesson to go next.

What is McKesson's operating income?

McKesson's total operating income in 2024 was $3.91 billion, based on the following breakdown:

Total Gross Profit: $12.83 billion
Total Operating Expenses: $8.92 billion

How has McKesson revenue changed over the last 9 years?

Over the last 9 years, McKesson's total revenue changed from $179.05 billion in 2015 to $308.95 billion in 2024, a change of 72.6%.

How much debt does McKesson have?

McKesson's total liabilities were at $69.04 billion at the end of 2024, a 8.2% increase from 2023, and a 55.5% increase since 2015.

How much cash does McKesson have?

In the past 9 years, McKesson's cash and equivalents has ranged from $2.67 billion in 2018 to $6.28 billion in 2021, and is currently $4.58 billion as of their latest financial filing in 2024.

How has McKesson's book value per share changed over the last 9 years?

Over the last 9 years, McKesson's book value per share changed from 34.36 in 2015 to -15.00 in 2024, a change of -143.7%.

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This page (NYSE:MCK) was last updated on 6/1/2025 by MarketBeat.com Staff

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McKesson (MCK) Financials

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McKesson (MCK) Financials

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