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) Gross margin
McKesson Corporation's gross margin over the twelve months to 30 June 2026 was 3.64%, up 0.0 percentage points from fiscal 2026 (3.61%). Over the past ten years it has ranged from 3.61% (fiscal 2026) to 6.37% (fiscal 2015) — the current reading is the lowest in ten years. That is below the Medical Distribution industry median of 8.01% and below the Healthcare sector median of 53.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2026 | 3.61% | (0.10) |
| FY2025 | 3.71% | (0.44) |
| FY2024 | 4.15% | (0.32) |
| FY2023 | 4.47% | (0.50) |
| FY2022 | 4.97% | (0.13) |
| FY2021 | 5.10% | (0.10) |
| FY2020 | 5.20% | (0.28) |
| FY2019 | 5.48% | 0.11 |
| FY2018 | 5.37% | (0.31) |
| FY2017 | 5.68% | (0.30) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 3.50% | (0.70) |
| Mar 2026 | 4.20% | 0.73 |
| Dec 2025 | 3.47% | 0.04 |
| Sep 2025 | 3.43% | 0.08 |
| 42 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ACH Accendra Health, Inc. compare | 44.8% |
| FOCL FocalTherics compare | 44.5% |
| HSIC Henry Schein, Inc. compare | 31.3% |
| COSM Cosmos Health Inc. compare | 10.3% |
| COR Cencora, Inc. compare | 3.97% |
| CAH Cardinal Health, Inc. compare | 3.84% |
| MCK McKesson Corporation | 3.64% |
| AHG Akso Health Group Sponsored ADR compare | 0.00% |
| HKPD Cellyan Biotechnology Co., Ltd compare | — |
| Medical Distribution industry median | 8.01% |
| Healthcare sector median | 53.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on MCK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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