What is McKesson's D&A?

McKesson (MCK) reported D&A of $65M in Q4 2025.

How has McKesson's D&A changed year-over-year?

McKesson's D&A increased by 12.1% year-over-year, from $58M to $65M.

What is the long-term trend for McKesson's D&A?

Over 3 years (2022 to 2025), McKesson's D&A has grown at a -4.6% compound annual growth rate (CAGR), from $279M to $242M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

McKesson MCK D&A

D&A at other companies

Eli LillyLLY

$509M+9.9%

Cardinal HealthCAH

$248M+19.8%

ViatrisVTRS

$676.1M+1.7%

The Oncology Institute, Inc.TOI

$1.62M-9.4%

Medline, Inc. MDLN

$254M+2.8%

BrightSpring Health Services, Inc.BTSG

$39.09M-7.3%

Segments

By segment

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Oncology & Multispecialty$64M+77.8%

North American Pharmaceutical$36M+16.1%

Medical-Surgical Solutions$25M+4.2%

Prescription Technology Solutions$20M-4.8%

Other financials

Income statement

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Revenue$96.3B+6.0%

Gross profit$4.0B+11.1%

Operating income$2.2B+35.1%

Net income$1.7B+33.5%

EPS (diluted)$13.65+37.6%

Balance sheet

See full

Cash & equivalents$4.0B-33.3%

Total debt$2.3B-74.2%

Total equity-$2.2B-4.7%

Total assets$82.3B+9.6%

Cash flow

See full

Operating cash flow$3.4B-55.8%

CapEx$111.0M-34.3%

Free cash flow$3.3B-56.3%

Valuation

See full

Market cap$89.39B-0.7%

Enterprise value$87.69B-11.0%

P/E18.8×-9.7×

P/S0.2×0.0×

Profitability

See full

Gross margin3.6%-0.1pp

Operating margin1.5%+0.3pp

Net margin1.2%+0.3pp

FCF margin1.4%-0.1pp

Returns & leverage

See full

Return on equity36%—

Debt / equity2×—

Current ratio0.9×0.0×

Where this comes from

Reported directly by McKesson in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: McKesson’s 10-Q, filed February 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McKesson's D&A?: McKesson (MCK) reported D&A of $65M in Q4 2025.
How has McKesson's D&A changed year-over-year?: McKesson's D&A increased by 12.1% year-over-year, from $58M to $65M.
What is the long-term trend for McKesson's D&A?: Over 3 years (2022 to 2025), McKesson's D&A has grown at a -4.6% compound annual growth rate (CAGR), from $279M to $242M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.