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McKesson MCK Free cash flow margin

Free cash flow margin at other companies

Eli Lilly logo
Eli LillyLLY
16.4%+8.7pp
Cardinal Health logo
Cardinal HealthCAH
1.7%+0.6pp
Cencora logo
CencoraCOR
1.1%+1.0pp
Viatris logo
ViatrisVTRS
12.3%-1.0pp
Medline, Inc.
 logo
Medline, Inc. MDLN
6.4%+0.5pp
Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
16.4%

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

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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

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Operating cash flow$3.4B-55.9%
CapEx$111.0M-34.3%
Free cash flow$3.3B-56.3%

Valuation

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Market cap$87.88B+25.7%
Enterprise value$86.18B+19.6%
P/E18.5×-2.8×
P/S0.2×0.0×

Profitability

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Gross margin3.6%-0.1pp
Operating margin1.5%+0.3pp
Net margin1.2%+0.3pp

Returns & leverage

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Return on equity36%
Debt / equity
Current ratio0.9×0.0×

Where this comes from

Calculated from McKesson’s reported figures.

Based on trailing twelve months.

The official record: McKesson’s 10-K, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McKesson's free cash flow margin?
McKesson (MCK) reported free cash flow margin of 1.4% in Q1 2026.
How has McKesson's free cash flow margin changed year-over-year?
McKesson's free cash flow margin decreased by 8.3% year-over-year, from 1.5% to 1.4%.
What is the long-term trend for McKesson's free cash flow margin?
Over 2 years (2022 to 2026), McKesson's free cash flow margin has grown at a 5.5% compound annual growth rate (CAGR), from 6.4% to 7.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.