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Cardinal Health CAH Operating margin

Operating margin at other companies

McKesson logo
McKessonMCK
1.5%+0.3pp
Cencora logo
CencoraCOR
0.8%0.0pp
Medline, Inc.
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Medline, Inc. MDLN
8.5%+2.3pp
CVS Health logo
CVS HealthCVS
1.5%-1.1pp
Abbott logo
AbbottABT
17.1%+0.2pp
West Pharmaceutical Services logo
West Pharmaceutical ServicesWST
20.3%+1.2pp

Other financials

Income statement

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Revenue$60.9B+11.1%
Gross profit$2.5B+17.7%
Operating income$509.0M-30.3%
Net income$399.0M-21.2%
EPS (diluted)$1.69-19.5%

Balance sheet

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Cash & equivalents$3.9B+18.4%
Total debt$8.9B+16.1%
Total equity-$2.8B+3.9%
Total assets$56.7B+13.7%

Cash flow

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Operating cash flow$1.8B-37.6%
CapEx$146.0M+15.9%
Free cash flow$1.7B-40.0%

Valuation

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Market cap$53B+49.4%
Enterprise value$57.98B+45.4%
P/E34.1×+11.3×
P/S0.2×+0.1×

Profitability

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Gross margin3.8%+0.2pp
Net margin0.6%-0.1pp

Returns & leverage

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Return on equity37.4%
Debt / equity4.1×
Current ratio0.9×0.0×

Where this comes from

Calculated from Cardinal Health’s reported figures.

Based on trailing twelve months.

The official record: Cardinal Health’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cardinal Health's operating margin?
Cardinal Health (CAH) reported operating margin of 0.9% in Q1 2026.
How has Cardinal Health's operating margin changed year-over-year?
Cardinal Health's operating margin decreased by 8.8% year-over-year, from 1% to 0.9%.
What is the long-term trend for Cardinal Health's operating margin?
Over 4 years (2021 to 2025), Cardinal Health's operating margin has grown at a 41.7% compound annual growth rate (CAGR), from 0.9% to 3.7%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.