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Primary reporting period: 2026-03-31 · Research updated Oct 7, 2026. A research update is not a new financial filing.
Who they are
McKesson Corporation is a prominent global provider of healthcare services, operating extensively in both the United States and international markets. Its diverse operations are strategically organized into four key business segments. The U.
How they make money
McKesson is a diversified healthcare services leader that operates through a distribution and services model. The company generates revenue primarily by distributing pharmaceuticals and medical-surgical supplies to healthcare providers, pharmacies, and health systems, while also providing technology solutions and specialized services for oncology and multispecialty practices.
Products & services
Pharmaceutical distribution, medical-surgical supply distribution, oncology and multispecialty practice management services, and prescription technology solutions.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
North American Pharmaceutical SegmentUSD 336.65B83.5%
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
The company discloses that it has significant customer concentration, noting that its largest customer accounted for a material portion of its consolidated revenues for the fiscal year ended March 31, 2026.
Suppliers, materials & equipment
Pharmaceutical manufacturers — The company sources pharmaceutical products from a wide range of manufacturers.Source
Competitors
AmerisourceBergen (Cencora) — Competes in the pharmaceutical wholesale and distribution market.Source
Cardinal Health — Competes in pharmaceutical and medical-surgical supply distribution.Source
Strengths
Extensive distribution network and scale in the healthcare supply chainSource
Overall investment score · Quality, value, risk and opportunity
55
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
65
Fair
Financial Strength
40
Business Quality / Moat
89
Management
80
Growth Quality
37
Risk / Durability
94
Cheap for a Reason · Review the Risks
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
57
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
58/100
Building Historical Record
Model Score 58/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
What we like
•Valuation scores attractively
•Recent buyback activity is present
What to watch
•M&A headline · Oct 6, 2026
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for MCK
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can MCK maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is MCK's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is MCK's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•Is MCK's valuation discount tied to a temporary concern or to a longer-term business risk?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for MCK
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
M&A headline · Oct 6, 2026
McKesson and CD&R agree to acquire Option Care Health for $5.8 billion — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
CD&R, McKesson to Acquire At-Home Infusion Therapy Provider for $5.8 Billion — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Extensive distribution network and scale in the healthcare supply chain.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Medical - Distribution industry.
−Significant customer concentration.
−Regulatory changes in the healthcare industry.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Wall Street Score
Fair55/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Weak
45
Debt Cost2.9%
Debt Reduction YoY-16.6%
Debt / Equity-3.97x
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Revenue
Poor
38
Revenue YoY1.9%
Revenue CAGR14.3%
Net Margin1.1%
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Asset
Fair
54
Asset Growth YoY9.6%
Liquidation/Share-$31.14
Net Assets/MCap0.72x
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Capital
Weak
47
Earnings Yield4.3%
Buyback Yield3.4%
Debt Cost2.9%
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Management
Strong
80
ROIC231.0%
ROE-108.3%
ROA5.2%
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Moat
Strong
89
EPS Growth49.0%
FCF/Share Growth11.3%
Rev/Share Growth16.7%
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Valuation
Strong
71
Intrinsic Value$1324.17
Value Reference$794.50
MOS27.5%
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Buffett
Fair
59
Revenue38
Moat89
Valuation71
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MOS
Strong
78
MOS %27.5%
Value Reference$794.50
Deep Discount Reference$529.67
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Financial
Weak
42
Interest Coverage26.1x
ROIC231.0%
FCF Yield5.1%
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Master
Weak
48
Financial42
Valuation71
Debt45
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Resilience
Fair
62
Survival Years0.8 yrs
Current Ratio0.85x
FCF Margin1.3%
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Score Changes
3 historical score records available
Previous Score
57
Oct 1, 2026
Change
-2.1
points
Current Score
55
Oct 5, 2026
Category Changes
Revenue-0.3
Debt0
Assets-1.5
Capital-4.0
Management0
Moat0
Valuation-7.5
Buffett-1.1
MCK decreased 2.1 points because Capital declined by 4 points, Valuation declined by 7.5 points.
Negative Contributors
− Capital declined by 4 points
− Valuation declined by 7.5 points
Projected Score
Projected Score
51
Projected Change
-4.0 points
Preliminary comparable-period financial changes suggest decline of approximately 4.0 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2026
2025
2024
2023
2022
2021
2020
2019
2018
2017
Revenue
$410.98B
$403.43B
$359.05B
$308.95B
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Cost of Revenue
$396.03B
$388.88B
$346.57B
$296.75B
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Gross Profit
$14.96B
$14.55B
$12.48B
$12.20B
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Research & Development
$0.00
$103.0M
$91.0M
$77.0M
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SG&A Expenses
$4.10B
-$8.10B
$8.02B
$8.20B
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Operating Expenses
$8.30B
$8.10B
$8.11B
$8.28B
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EBITDA
$7.14B
$7.18B
$5.25B
$4.67B
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Operating Income
$6.65B
$6.45B
$4.37B
$3.93B
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Interest Expense
$153.0M
$247.0M
$256.0M
$243.0M
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Income Before Tax
$6.46B
$6.20B
$4.36B
$3.79B
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Income Tax Expense
$1.16B
$1.10B
$878.0M
$629.0M
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Net Income
$4.59B
$4.76B
$3.29B
$3.00B
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Basic EPS
$37.53
$38.55
$25.86
$22.54
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Basic Shares
119M
124M
127M
133M
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Diluted Shares
119M
124M
128M
134M
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Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 7.7%. EPS declined 17.6%. Cash increased 113.6%. Total debt increased 17.8%. Net income margin declined by 0.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
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5 Years
$———.——
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10 Years
$———.——
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Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
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