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McKesson vs Cencora: MCK and COR compared
McKesson is the larger company: $111.0B of revenue in its latest quarter (Q2 FY27) against $84.8B for Cencora (Q3 FY26). McKesson is growing faster (+8% against +5% a year earlier). McKesson is more profitable, with an operating margin of 1.4% against 1.3%.
Where the money goes: MCK and COR
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.
Cencora (COR) · Q3 FY26
Cencora, Q3 FY26: revenue $84.8B (+5% year over year), operating margin 1.3%, net earnings $777M, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
| McKesson (MCK) | Cencora (COR) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 FY26 |
| Revenue | $111.0B | $84.8B |
| Revenue growth, Y/Y | +8% | +5% |
| Gross margin | 3.6% | 4.3% |
| Operating margin | 1.4% | 1.3% |
| Net earnings | $1.2B | $777M |
| Net margin | 1.1% | 0.9% |
| Operating cash flow | $3.1B | $2.7B |
| Free cash flow | $2.9B | $2.4B |
| Market value | $123.8B | $65.9B |
| P/E | 27.3× | 25.0× |
| Analysts’ mean target | $1129.07 | $372.92 |
Questions
Which is bigger, McKesson or Cencora?
McKesson is the larger company: $111.0B of revenue in its latest quarter (Q2 FY27) against $84.8B for Cencora (Q3 FY26).
Is McKesson or Cencora growing faster?
McKesson is growing faster (+8% against +5% a year earlier).
Which is more profitable, McKesson or Cencora?
McKesson is more profitable, with an operating margin of 1.4% against 1.3%.
More: McKesson earnings · how McKesson makes money · Cencora earnings · how Cencora makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 5, 2026). Fiscal quarters can end on different dates. Not investment advice.