What is McKesson's restructuring reserve?

McKesson (MCK) reported restructuring reserve of $35M in Q4 2025.

How has McKesson's restructuring reserve changed year-over-year?

McKesson's restructuring reserve decreased by 77.7% year-over-year, from $157M to $35M.

What is the long-term trend for McKesson's restructuring reserve?

Over 4 years (2021 to 2025), McKesson's restructuring reserve has grown at a -4.4% compound annual growth rate (CAGR), from $151M to $126M.

McKesson MCK Restructuring Reserve

Restructuring Reserve at other companies

Cardinal HealthCAH

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ViatrisVTRS

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Becton, Dickinson and CompanyBDX

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Segments

By segment

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North American Pharmaceutical$18M+63.6%

Medical-Surgical Solutions$10M-88.9%

Prescription Technology Solutions$3M+200%

Oncology & Multispecialty$0—

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 / equity2×—

Current ratio0.9×0.0×

Where this comes from

Reported directly by McKesson in its filing.

Tagged under the XBRL concept us-gaap:RestructuringReserve.

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 restructuring reserve?: McKesson (MCK) reported restructuring reserve of $35M in Q4 2025.
How has McKesson's restructuring reserve changed year-over-year?: McKesson's restructuring reserve decreased by 77.7% year-over-year, from $157M to $35M.
What is the long-term trend for McKesson's restructuring reserve?: Over 4 years (2021 to 2025), McKesson's restructuring reserve has grown at a -4.4% compound annual growth rate (CAGR), from $151M to $126M.