Saturday 17 October 2026
Export COR’s income statement to Excel — free account
Cencora, Inc.
COR Healthcare Medical Distribution
Cencora, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $321.3 billion, up 9.31% from fiscal 2024. In the quarter to June 2026, revenue grew 5.07%, EPS grew 11.3%, free cash flow grew 3,385.3% and total debt rose 42.3%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for ten; insiders bought in the last twelve months.
340.66
0.75
−0.22%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 68.38 | 71.90 | 69.36 | 70.55 | 72.06 | 94.89 | 127.94 | 147.48 | 204.53 | 223.92 |
Analyst estimates 2026–2028 Powerpack |
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| High | 103.40 | 97.85 | 106.27 | 94.75 | 111.25 | 135.26 | 174.63 | 205.83 | 253.27 | 377.54 | |||||
| People | |||||||||||||||
| People | Employees | 19,000 | 20,000 | 21,000 | 22,000 | 22,000 | 42,000 | 44,000 | 46,000 | 46,000 | 51,000 | ||||
| Revenue/emp, $m | 7.73 | 7.66 | 8.00 | 8.16 | 8.63 | 5.09 | 5.42 | 5.70 | 6.39 | 6.30 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 146,850 | 153,144 | 167,940 | 179,589 | 189,894 | 213,989 | 238,587 | 262,173 | 293,959 | 321,333 | ||||
| Gross margin, % | 2.91 | 2.97 | 2.75 | 2.86 | 2.73 | 3.24 | 3.48 | 3.42 | 3.37 | 3.57 | |||||
| EBT | 1,391 | 918 | 1,177 | 967 | (5,294) | 2,222 | 2,183 | 2,161 | 2,004 | 2,258 | |||||
| EBT margin, % | 0.95 | 0.60 | 0.70 | 0.54 | (2.79) | 1.04 | 0.91 | 0.82 | 0.68 | 0.70 | |||||
| Net income | 1,428 | 364 | 1,616 | 854 | (3,400) | 1,545 | 1,667 | 1,733 | 1,519 | 1,568 | |||||
| Depreciation | 392 | 432 | 570 | 498 | 770 | 546 | 710 | 981 | 1,119 | 1,068 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 692.01 | 701.29 | 770.82 | 854.51 | 927.29 | 1,039.19 | 1,144.46 | 1,294.61 | 1,480.88 | 1,657.89 | ||||
| Earnings | 6.73 | 1.90 | 7.61 | 4.07 | (16.65) | 7.48 | 8.15 | 8.62 | 7.60 | 8.02 | |||||
| Cash flow | 14.98 | 6.89 | 6.48 | 11.15 | 10.78 | 12.95 | 12.97 | 19.31 | 17.55 | 19.99 | |||||
| Capex | (2.19) | (2.14) | (1.51) | (1.47) | (1.63) | (2.13) | (2.38) | (2.26) | (2.45) | (3.45) | |||||
| Free cash flow | 12.79 | 4.75 | 4.97 | 9.68 | 9.15 | 10.82 | 10.59 | 17.05 | 15.10 | 16.55 | |||||
| Book value | 10.03 | 9.45 | 14.00 | 14.24 | (4.10) | 2.84 | 0.34 | 3.29 | 3.96 | 9.01 | |||||
| Shares, m | 212 | 218 | 218 | 210 | 205 | 206 | 208 | 203 | 199 | 194 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 11.90 | 43.84 | 12.21 | 20.23 | 0.00 | 15.97 | 16.63 | 20.80 | 29.69 | 38.97 | ||||
| P/S | 0.12 | 0.12 | 0.12 | 0.10 | 0.10 | 0.11 | 0.12 | 0.14 | 0.15 | 0.19 | |||||
| P/B | 8.05 | 8.81 | 6.63 | 5.78 | 0.00 | 42.09 | 395.84 | 54.43 | 56.79 | 34.67 | |||||
| EV/Sales | 0.13 | 0.13 | 0.13 | 0.10 | 0.10 | 0.13 | 0.13 | 0.15 | 0.16 | 0.20 | |||||
| EV/FCF | 6.95 | 18.84 | 20.67 | 9.05 | 10.34 | 12.89 | 13.83 | 11.14 | 15.32 | 19.92 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 3,178 | 1,504 | 1,411 | 2,344 | 2,207 | 2,667 | 2,703 | 3,911 | 3,485 | 3,875 | ||||
| Capex | (465) | (466) | (328) | (309) | (333) | (438) | (496) | (458) | (487) | (668) | |||||
| Free cash flow | 2,714 | 1,038 | 1,083 | 2,035 | 1,874 | 2,228 | 2,207 | 3,453 | 2,998 | 3,207 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (2,429) | (2,515) | (1,975) | (1,449) | (797) | (2,556) | (3,888) | (6,032) | (6,559) | (5,581) | ||||
| Total debt | 4,463 | 3,794 | 4,662 | 4,493 | 4,120 | 6,684 | 5,703 | 4,787 | 4,388 | 7,661 | |||||
| Net debt | 1,721 | 1,359 | 2,170 | 1,119 | (478) | 4,137 | 2,315 | 2,195 | 1,255 | 3,305 | |||||
| Shareholders’ equity | 2,129 | 2,064 | 3,050 | 2,993 | (840) | 584 | 71 | 666 | 787 | 1,747 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 4.64 | 1.06 | 4.54 | 2.23 | (8.17) | 3.03 | 2.98 | 2.93 | 2.33 | 2.16 | ||||
| ROIC | 24.77 | 19.36 | 17.29 | 16.90 | 0.00 | 31.17 | 61.99 | 51.12 | 66.57 | 32.52 | |||||
| ROE | 104.01 | 17.38 | 64.85 | 28.31 | (316.56) | (1,206.73) | 518.18 | 473.26 | 207.72 | 122.67 | |||||
Negative figures in brackets.
Fiscal years to Sep 2025 · latest quarter Jun 2026
Charts ten years each
Cencora, Inc. vs peers in Medical Distribution (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MCK McKesson Corporation | $116.4B | 26.8× | 18.3× | +7.72% (above 0%: growing) | −17.68% (below 0%: shrinking) | +66.40% (above 0%: growing) | 3.50% | 1.25% | Compare |
| COR Cencora, Inc. | $65.2B | 25.2× | 14.5× | +5.07% (above 0%: growing) | +11.27% (above 0%: growing) | +3,385.25% (above 0%: growing) | 4.26% | 1.32% | |
| CAH Cardinal Health, Inc. | $58.8B | 35.0× | 23.3× | +5.84% (above 0%: growing) | +68.32% (above 0%: growing) | +10.87% (above 0%: growing) | 4.02% | 1.14% | Compare |
| HSIC Henry Schein, Inc. | $9.7B | 25.0× | 18.5× | +6.73% (above 0%: growing) | +16.90% (above 0%: growing) | +140.91% (above 0%: growing) | 31.84% | 4.95% | Compare |
| AHG Akso Health Group Sponsored ADR | $1.2B | — (loss-making) | — (loss-making) | +263.89% (above 0%: growing) | n/m | −12,975.04% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| FOCL FocalTherics | $154.8M | — (loss-making) | — (loss-making) | +38.85% (above 0%: growing) | n/m | +21.49% (above 0%: growing) | 55.59% | (60.83%) | Compare |
| COSM Cosmos Health Inc. | $33.9M | — (loss-making) | 25.1× | +28.76% (above 0%: growing) | n/m | +9.39% (above 0%: growing) | 7.96% | (15.41%) | Compare |
| ACH Accendra Health, Inc. | $20.1M | — (loss-making) | — (loss-making) | −10.07% (below 0%: shrinking) | n/m | −1,624.82% (below 0%: shrinking) | 42.95% | (5.73%) | Compare |
| HKPD Cellyan Biotechnology Co., Ltd | $17.1M | — | — | — | — | −90.45% (below 0%: shrinking) | — | — | Compare |
| Median of peers | $652.4M | 26.8× | 20.9× | +7.72% | +16.90% | +10.13% | 7.96% | 0.00% |
COR metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Cencora, Inc. (COR) key facts
- Strength: Cencora, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $321.3 billion, up 9.31% from fiscal 2024.
- Cencora, Inc. (COR) is a Medical Distribution company in the Healthcare sector, listed on the New York Stock Exchange.
- As of October 16, 2026, COR traded at $340.66, a market capitalization of $65.2 billion.
- Cencora, Inc. pays an annual dividend of $2.40 per share, a yield of 0.70%, with a payout ratio of 17.8%.
- Return on equity was 122.7% and debt-to-equity 3.62.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.83 (safe zone) for fiscal 2025.