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McKesson MCK Return on invested capital

Return on invested capital at other companies

Eli Lilly logo
Eli LillyLLY
42%+16.6pp
Cardinal Health logo
Cardinal HealthCAH
100.6%
Cencora logo
CencoraCOR
21.2%-19.2pp
Viatris logo
ViatrisVTRS
0.5%+0.3pp
Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
4.8%+0.3pp
CVS Health logo
CVS HealthCVS
7.1%-1.2pp

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-Q, filed February 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McKesson's return on invested capital?
McKesson (MCK) reported return on invested capital of 104.2% in Q4 2025.
How has McKesson's return on invested capital changed year-over-year?
McKesson's return on invested capital increased by 50.0% year-over-year, from 69.5% to 104.2%.
What is the long-term trend for McKesson's return on invested capital?
Over 2 years (2023 to 2025), McKesson's return on invested capital has grown at a 23.3% compound annual growth rate (CAGR), from 447.6% to 680.1%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.