McKesson Corporation

MCK Healthcare Medical Distribution

McKesson Corporation’s revenue for fiscal 2026 (year ended March 2026) was $403.4 billion, up 12.4% from fiscal 2025.

Revenue
+7.57%
EPS
+17.0%
Free cash flow
+32.5%
Total debt
+7.08%

Quarter to September 2026, against a year earlier

1,064.89 7.11 −0.66%
Market cap
$125.0B
P/E
27.5×
Fwd P/E
25.4×
Dividend yield
0.32%
F-score
7/9
Altman Z
6.15
Beneish M
−2.34
Dividend safety
86/100

McKesson Corporation (MCK) Debt to equity

Alert me on Debt to equity

McKesson Corporation's debt to equity at the end of the quarter to 30 September 2026 was −3.8×, up 2.7× from fiscal 2026 (−6.5×). Over the past ten years it has ranged from −8.2× (fiscal 2023) to 86.9× (fiscal 2021); the current reading is higher than 42% of that period. That is below the Medical Distribution industry median of −0.7× and below the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 −6.5× —
FY2025 −6.6× —
FY2024 −7.3× —
FY2023 −8.2× —
FY2022 −7.3× —
FY2021 86.9× 6,148.59%
FY2020 1.4× 51.82%
FY2019 0.9× 16.98%
FY2018 0.8× 3.36%
FY2017 0.8× (15.85%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 −3.8× —
Jun 2026 −3.8× —
Mar 2026 −6.5× —
Dec 2025 −12.9× —
43 more quarters

Against its own ten years

Low −8.2× High 86.9×
Ten-year median 0.8×
Current reading's percentile 42

Debt to equity against peers

Company Debt to equity
FOCL FocalTherics compare −12.4×
MCK McKesson Corporation −3.8×
ACH Accendra Health, Inc. compare −3.1×
CAH Cardinal Health, Inc. compare −3.1×
YI 111, Inc. Sponsored ADR compare −0.3×
AHG Akso Health Group Sponsored ADR compare 0.0×
COSM Cosmos Health Inc. compare 0.6×
HSIC Henry Schein, Inc. compare 0.7×
COR Cencora, Inc. compare 3.1×
Medical Distribution industry median −0.7×
Healthcare sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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