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. In the quarter to June 2026, revenue grew 7.72%, EPS fell 17.7%, free cash flow grew 66.4% and total debt rose 10.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for ten.
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McKesson Corporation (MCK) Free cash flow
McKesson Corporation's free cash flow for fiscal 2026 was $5.4B, unchanged from fiscal 2025. Over the twelve months to 30 June 2026 it was $6.1B. Over the past ten years it has ranged from $2.6B (fiscal 2015) to $5.4B (fiscal 2026) — the current reading is the highest in ten years. McKesson Corporation ranks 1st of 11 Medical Distribution companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2026 | $5.4B | 3.52% |
| FY2025 | $5.2B | 44.09% |
| FY2024 | $3.6B | (21.17%) |
| FY2023 | $4.6B | 18.00% |
| FY2022 | $3.9B | (0.05%) |
| FY2021 | $3.9B | 0.85% |
| FY2020 | $3.9B | 11.18% |
| FY2019 | $3.5B | (7.60%) |
| FY2018 | $3.8B | (9.97%) |
| FY2017 | $4.2B | 39.63% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | −$372.0M | — |
| Mar 2026 | $3.2B | 206.15% |
| Dec 2025 | $1.1B | (52.47%) |
| Sep 2025 | $2.2B | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| MCK McKesson Corporation | $6.1B |
| CAH Cardinal Health, Inc. compare | $4.6B |
| COR Cencora, Inc. compare | $4.1B |
| HSIC Henry Schein, Inc. compare | $569.0M |
| HKPD Cellyan Biotechnology Co., Ltd compare | $144.2K |
| COSM Cosmos Health Inc. compare | −$12.5M |
| FOCL FocalTherics compare | −$19.1M |
| AHG Akso Health Group Sponsored ADR compare | −$160.2M |
| ACH Accendra Health, Inc. compare | −$210.9M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on MCK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- The full statement