Cardinal Health, Inc. (CAH) vs Cencora, Inc. (COR)

Cardinal Health, Inc. and Cencora, Inc. are both Medical Distribution companies. Cencora, Inc. is the larger, with a market value of $65.2B against $58.8B — 1.1× the size. Cencora, Inc. trades at the lower P/E: 25.2× against 35.0×. Cardinal Health, Inc. grew revenue faster over the last twelve months: 14.2% against 5.09%. Cencora, Inc. has the higher net margin (0.79% vs 0.67%) and the lower return on invested capital (15.7% vs 125.1%). Both pay a dividend; Cardinal Health, Inc. yields more (0.81% vs 0.70%). Across the 22 metrics below, Cardinal Health, Inc. leads on 11 and Cencora, Inc. on 11.

Valuation

Metric CAH COR Medical Distribution median
P/E 34.99 25.20 —
P/S 0.24 0.20 0.27
P/B n/m 20.31 —
Price to free cash flow 13.16 16.03 —
EV/EBITDA 17.93 18.17 17.78
EV/Sales 0.25 0.22 0.63
Earnings yield 2.86% 3.97% (6.67%)
Free cash flow yield 7.60% 6.24% 0.00%

Profitability

Metric CAH COR Medical Distribution median
Gross margin 3.84% 3.97% 8.01%
Operating margin 1.03% 0.91% 0.46%
Net margin 0.67% 0.79% (6.08%)
Free cash flow margin 1.79% 1.23% 0.00%
Return on equity (63.98%) 96.34% 0.00%
Return on assets 3.10% 3.33% 0.00%
Return on invested capital 125.05% 15.65% 0.00%

Growth

Metric CAH COR Medical Distribution median
Revenue growth (TTM) 14.23% 5.09% 11.54%
EPS growth (last fiscal year) 12.09% 5.71% 5.71%
Revenue growth, 5-year CAGR 9.37% 11.09% 8.18%
Net income growth, 5-year CAGR 22.91% 0.00% 0.00%

Health

Metric CAH COR Medical Distribution median
Debt to equity (3.26) 3.62 (0.34)
Current ratio 0.88 0.93 1.05
Net debt to EBITDA 1.13 0.89 (0.01)

Dividend

Metric CAH COR Medical Distribution median
Dividend yield 0.81% 0.70% —
Payout ratio 0.28 0.18 —

Size

Metric CAH COR Medical Distribution median
Market cap 58.75b 65.15b 154.79m

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