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McKesson MCK Operating margin

Operating margin at other companies

Cardinal Health logo
Cardinal HealthCAH
0.9%-0.1pp
Cencora logo
CencoraCOR
0.8%0.0pp
Viatris logo
ViatrisVTRS
1%
Medline, Inc.
 logo
Medline, Inc. MDLN
8.5%+2.3pp
Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
10.4%+0.1pp
CVS Health logo
CVS HealthCVS
1.5%-1.1pp

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$91.3B+25.7%
Enterprise value$89.6B+19.6%
P/E19.2×-2.9×
P/S0.2×0.0×

Profitability

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Gross margin3.6%-0.1pp
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 operating margin?
McKesson (MCK) reported operating margin of 1.5% in Q1 2026.
How has McKesson's operating margin changed year-over-year?
McKesson's operating margin increased by 25.0% year-over-year, from 1.2% to 1.5%.
What is the long-term trend for McKesson's operating margin?
Over 3 years (2023 to 2026), McKesson's operating margin has grown at a 2.3% compound annual growth rate (CAGR), from 5.1% to 5.5%.
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.