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McKesson vs Cardinal Health: MCK and CAH compared
McKesson is the larger company: $111.0B of revenue in its latest quarter (Q2 FY27) against $67.5B for Cardinal Health (Q1 FY27). McKesson is growing faster (+8% against +6% a year earlier). McKesson is more profitable, with an operating margin of 1.4% against 1.1%.
Where the money goes: MCK and CAH
McKesson (MCK) · Q2 FY27
McKesson, Q2 FY27: revenue $111.0B (+8% year over year), operating margin 1.4%, net earnings $1.2B, operating cash flow $3.1B. The chart follows the revenue to costs, profit and cash.
Cardinal Health (CAH) · Q1 FY27
Cardinal Health, Q1 FY27: revenue $67.5B (+6% year over year), operating margin 1.1%, net earnings $556M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| McKesson (MCK) | Cardinal Health (CAH) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q1 FY27 |
| Revenue | $111.0B | $67.5B |
| Revenue growth, Y/Y | +8% | +6% |
| Gross margin | 3.6% | 3.8% |
| Operating margin | 1.4% | 1.1% |
| Net earnings | $1.2B | $556M |
| Net margin | 1.1% | 0.8% |
| Operating cash flow | $3.1B | $1.4B |
| Free cash flow | $2.9B | $1.2B |
| Market value | $123.8B | $63.5B |
| P/E | 27.3× | 37.2× |
| Analysts’ mean target | $1129.07 | $291.53 |
Questions
Which is bigger, McKesson or Cardinal Health?
McKesson is the larger company: $111.0B of revenue in its latest quarter (Q2 FY27) against $67.5B for Cardinal Health (Q1 FY27).
Is McKesson or Cardinal Health growing faster?
McKesson is growing faster (+8% against +6% a year earlier).
Which is more profitable, McKesson or Cardinal Health?
McKesson is more profitable, with an operating margin of 1.4% against 1.1%.
More: McKesson earnings · how McKesson makes money · Cardinal Health earnings · how Cardinal Health makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.