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MCKESSON CORP MCK

NYSE · stock · Wholesale-Drugs, Proprietaries & Druggists' Sundries · website · IPO 1994-11-10 · LEI

MCKESSON CORP statistics & valuation

Market cap$89.4B
P / E18.8×
P / S0.2×
P / FCF15.6×
Dividend yield0.43%
Net margin1.2%
FCF margin1.4%
Net debt$2.6B
Net debt / EBITDA0.4×
Enterprise value USD$91.9B
EV / EBITDA13.2×
Earnings yield EBIT/EV6.8%
Return on capital40.6%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
2.60% 0.00% 0.00% 0.40% -1.90% 0.40% 1.30% 1.00% 0.90% 1.20% 2017201820192020202120222023202420252026
Gross margin (%)
5.70% 5.40% 5.50% 5.20% 5.10% 5.00% 4.50% 4.20% 3.70% 3.60% 2017201820192020202120222023202420252026
Operating margin (%)
3.60% 0.40% 0.40% 1.10% -2.10% 0.80% 1.60% 1.30% 1.20% 1.50% 2017201820192020202120222023202420252026
Return on equity (%)
45.00% 0.70% 0.40% 17.00% -2593.70% 2017201820192020202120222023202420252026
Shares outstanding
223.0M 209.0M 197.3M 181.6M 160.6M 154.1M 142.2M 134.1M 128.1M 124.1M 2017201820192020202120222023202420252026
Net debt ($)
$5.58B $5.21B $4.61B $3.37B $870.0M $2.35B $916.0M $1.05B -$37.0M $2.55B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
8.30% 0.10% 0.10% 1.50% -7.00% 1.80% 5.70% 4.50% 4.40% 5.80% 2017201820192020202120222023202420252026
Free cash flow margin (%)
2.20% 1.90% 1.70% 1.70% 1.70% 1.50% 1.70% 1.30% 1.50% 1.40% 2017201820192020202120222023202420252026
Debt / equity (×)
0.74× 0.78× 0.92× 1.39× 40.85× 2017201820192020202120222023202420252026
EPS ($)
$22.73 $0.32 $0.17 $4.95 -$28.26 $7.23 $25.03 $22.39 $25.72 $38.38 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MCKESSON CORP trades at about 22.9× earnings — below its 10-year norm (10-year range 6.1×–701.5×, median 27.7×).

6.1× 701.5×

Shaded band = 10-year range (6.1×–701.5×); dot = today's 22.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin3.6%3.7%4.2%4.5%5.0%5.1%5.2%5.5%5.4%5.7%
Operating margin1.5%1.2%1.3%1.6%0.8%-2.1%1.1%0.4%0.4%3.6%
Net margin1.2%0.9%1.0%1.3%0.4%-1.9%0.4%0.0%0.0%2.6%
FCF margin1.4%1.5%1.3%1.7%1.5%1.7%1.7%1.7%1.9%2.2%
Return on assets5.8%4.4%4.5%5.7%1.8%-7.0%1.5%0.1%0.1%8.3%
Return on equity-219.2%-158.9%-152.3%-191.7%-49.0%-2593.7%17.0%0.4%0.7%45.0%
Debt / equity-3.00×-2.73×-2.86×-3.01×-2.59×40.85×1.39×0.92×0.78×0.74×
Current ratio0.850.900.920.920.951.030.991.021.011.04

Computed from company filings · US · as of 2026-03-31. Facts plus Stocktoria's own computed scores — not investment advice.