InsiderClue
Stocks · Health care · Wholesale-Drugs, Proprietaries & Druggists' Sundries

McKesson Corporation

MCK Clue Score56
United States Fiscal year ends March CIK 0000927653
$938.84 +0.92% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $938.84 +365.28% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue198.53Operating income7.12Net income5.07EPS, diluted22.73Fiscal year 2018Revenue208.36 +4.9%Operating income0.76Net income0.07 −98.7%EPS, diluted0.32 −98.6%Fiscal year 2019Revenue214.32 +2.9%Operating income0.89Net income0.03 −49.3%EPS, diluted0.17 −46.9%Fiscal year 2020Revenue231.05 +7.8%Operating income2.49Net income0.90 +2,547.1%EPS, diluted4.95 +2,811.8%Fiscal year 2021Revenue238.23 +3.1%Operating income−5.04Net income−4.54 −604.3%EPS, diluted−28.26 −670.9%Fiscal year 2022Revenue263.97 +10.8%Operating income2.04Net income1.11EPS, diluted7.23Fiscal year 2023Revenue276.71 +4.8%Operating income4.38Net income3.56 +219.6%EPS, diluted25.03 +246.2%Fiscal year 2024Revenue308.95 +11.7%Operating income3.91Net income3.00 −15.7%EPS, diluted22.39 −10.5%Fiscal year 2025Revenue359.05 +16.2%Operating income4.42Net income3.30 +9.8%EPS, diluted25.72 +14.9%Fiscal year 2026Revenue403.43 +12.4%Operating income6.21Net income4.76 +44.5%EPS, diluted38.38 +49.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 198.53 208.36 214.32 231.05 238.23 263.97 276.71 308.95 359.05 403.43
Growth +4.9% +2.9% +7.8% +3.1% +10.8% +4.8% +11.7% +16.2% +12.4%
Operating income 7.12 0.76 0.89 2.49 −5.04 2.04 4.38 3.91 4.42 6.21
Net income 5.07 0.07 0.03 0.90 −4.54 1.11 3.56 3.00 3.30 4.76
Growth −98.7% −49.3% +2,547.1% −604.3% +219.6% −15.7% +9.8% +44.5%
EPS, diluted 22.73 0.32 0.17 4.95 −28.26 7.23 25.03 22.39 25.72 38.38
Growth −98.6% −46.9% +2,811.8% −670.9% +246.2% −10.5% +14.9% +49.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin5.7%Operating margin3.6%Net margin2.6%Free cash flow margin2.2%Fiscal year 2018Gross margin5.4%Operating margin0.4%Net margin0.0%Free cash flow margin1.9%Fiscal year 2019Gross margin5.5%Operating margin0.4%Net margin0.0%Free cash flow margin1.7%Fiscal year 2020Gross margin5.2%Operating margin1.1%Net margin0.4%Free cash flow margin1.7%Fiscal year 2021Gross margin5.1%Operating margin−2.1%Net margin−1.9%Free cash flow margin1.7%Fiscal year 2022Gross margin5.0%Operating margin0.8%Net margin0.4%Free cash flow margin1.5%Fiscal year 2023Gross margin4.5%Operating margin1.6%Net margin1.3%Free cash flow margin1.7%Fiscal year 2024Gross margin4.2%Operating margin1.3%Net margin1.0%Free cash flow margin1.3%Fiscal year 2025Gross margin3.7%Operating margin1.2%Net margin0.9%Free cash flow margin1.5%Fiscal year 2026Gross margin3.6%Operating margin1.5%Net margin1.2%Free cash flow margin1.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 5.7% 5.4% 5.5% 5.2% 5.1% 5.0% 4.5% 4.2% 3.7% 3.6%
Operating margin 3.6% 0.4% 0.4% 1.1% −2.1% 0.8% 1.6% 1.3% 1.2% 1.5%
Net margin 2.6% 0.0% 0.0% 0.4% −1.9% 0.4% 1.3% 1.0% 0.9% 1.2%
Free cash flow margin 2.2% 1.9% 1.7% 1.7% 1.7% 1.5% 1.7% 1.3% 1.5% 1.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow4.74Capital expenditure−0.40Free cash flow4.34Buybacks−2.31Dividends paid−0.25Fiscal year 2018Operating cash flow4.35Capital expenditure−0.41Free cash flow3.94 −9.2%Buybacks−1.71Dividends paid−0.26Fiscal year 2019Operating cash flow4.04Capital expenditure−0.43Free cash flow3.61 −8.4%Buybacks−1.64Dividends paid−0.29Fiscal year 2020Operating cash flow4.37Capital expenditure−0.36Free cash flow4.01 +11.1%Buybacks−1.93Dividends paid−0.29Fiscal year 2021Operating cash flow4.54Capital expenditure−0.45Free cash flow4.09 +2.0%Buybacks−0.74Dividends paid−0.28Fiscal year 2022Operating cash flow4.43Capital expenditure−0.39Free cash flow4.05 −1.1%Buybacks−3.52Dividends paid−0.28Fiscal year 2023Operating cash flow5.16Capital expenditure−0.39Free cash flow4.77 +17.9%Buybacks−3.64Dividends paid−0.29Fiscal year 2024Operating cash flow4.31Capital expenditure−0.43Free cash flow3.88 −18.6%Buybacks−3.03Dividends paid−0.31Fiscal year 2025Operating cash flow6.09Capital expenditure−0.54Free cash flow5.55 +42.9%Buybacks−3.15Dividends paid−0.35Fiscal year 2026Operating cash flow6.16Capital expenditure−0.44Free cash flow5.72 +3.1%Buybacks−4.75Dividends paid−0.38
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 4.74 4.35 4.04 4.37 4.54 4.43 5.16 4.31 6.09 6.16
Capital expenditure −0.40 −0.41 −0.43 −0.36 −0.45 −0.39 −0.39 −0.43 −0.54 −0.44
Free cash flow 4.34 3.94 3.61 4.01 4.09 4.05 4.77 3.88 5.55 5.72
Growth −9.2% −8.4% +11.1% +2.0% −1.1% +17.9% −18.6% +42.9% +3.1%
Buybacks −2.31 −1.71 −1.64 −1.93 −0.74 −3.52 −3.64 −3.03 −3.15 −4.75
Dividends paid −0.25 −0.26 −0.29 −0.29 −0.28 −0.28 −0.29 −0.31 −0.35 −0.38

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash2.78Total debt8.36Net cash (debt)−5.58Shareholders’ equity11.10Debt to equity0.75Fiscal year 2018Cash2.67Total debt7.88Net cash (debt)−5.21Shareholders’ equity9.80Debt to equity0.80Fiscal year 2019Cash2.98Total debt7.60Net cash (debt)−4.61Shareholders’ equity8.09Debt to equity0.94Fiscal year 2020Cash4.02Total debt7.39Net cash (debt)−3.37Shareholders’ equity5.09Debt to equity1.45Fiscal year 2021Cash6.28Total debt6.41Net cash (debt)−0.13Shareholders’ equity−0.02Fiscal year 2022Cash3.53Total debt5.88Net cash (debt)−2.35Shareholders’ equity−2.27Fiscal year 2023Cash4.68Total debt5.59Net cash (debt)−0.92Shareholders’ equity−1.86Fiscal year 2024Cash4.58Total debt5.63Net cash (debt)−1.05Shareholders’ equity−1.97Fiscal year 2025Cash5.69Total debt5.65Net cash (debt)0.04Shareholders’ equity−2.07Fiscal year 2026Cash3.98Total debt6.53Net cash (debt)−2.55Shareholders’ equity−2.17
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 2.78 2.67 2.98 4.02 6.28 3.53 4.68 4.58 5.69 3.98
Total debt 8.36 7.88 7.60 7.39 6.41 5.88 5.59 5.63 5.65 6.53
Net cash (debt) −5.58 −5.21 −4.61 −3.37 −0.13 −2.35 −0.92 −1.05 0.04 −2.55
Shareholders’ equity 11.10 9.80 8.09 5.09 −0.02 −2.27 −1.86 −1.97 −2.07 −2.17
Debt to equity 0.75 0.80 0.94 1.45 n/a n/a n/a n/a n/a n/a

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Revenue and profit
198.53 208.36 214.32 231.05 238.23 263.97 276.71 308.95 359.05 403.43
Growth +4.9% +2.9% +7.8% +3.1% +10.8% +4.8% +11.7% +16.2% +12.4%
187.26 197.17 202.57 219.03 226.08 250.84 264.35 296.12 345.73 388.88
11.27 11.18 11.75 12.02 12.15 13.13 12.36 12.83 13.32 14.55
Growth −0.8% +5.1% +2.3% +1.0% +8.1% −5.9% +3.8% +3.9% +9.2%
0.34 0.13 0.07 0.10 n/a n/a n/a n/a n/a n/a
7.45 8.14 8.44 9.18 8.85 10.54 7.78 8.66 8.51 8.10
7.12 0.76 0.89 2.49 −5.04 2.04 4.38 3.91 4.42 6.21
Growth −89.3% +16.3% +180.9% −302.5% +115.0% −10.8% +13.1% +40.5%
6.89 0.24 0.61 1.14 −5.03 1.93 4.63 3.79 4.36 6.20
1.61 −0.05 0.36 0.02 −0.70 0.64 0.91 0.63 0.88 1.10
5.07 0.07 0.03 0.90 −4.54 1.11 3.56 3.00 3.30 4.76
Growth −98.7% −49.3% +2,547.1% −604.3% +219.6% −15.7% +9.8% +44.5%
Per share
22.95 0.32 0.17 4.98 −28.26 7.32 25.23 22.54 25.86 38.55
22.73 0.32 0.17 4.95 −28.26 7.23 25.03 22.39 25.72 38.38
Growth −98.6% −46.9% +2,811.8% −670.9% +246.2% −10.5% +14.9% +49.2%
221.0 208.0 196.3 180.6 160.6 152.3 141.1 133.2 127.4 123.6
223.0 209.0 197.3 181.6 160.6 154.1 142.2 134.1 128.1 124.1
Growth −6.3% −5.6% −8.0% −11.6% −4.0% −7.7% −5.7% −4.5% −3.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.1% a year over five years.
  • The diluted share count fell 22.7% in five years, so buybacks did some of the work per share.
  • Operating margin is up 3.7 points on five years ago, at 1.5%.
  • A net loss in 1 of 10 years on file.