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Cardinal Health vs Unitedhealth: revenue, profit, margins and growth compared

Cardinal Health brought in $254.2B of revenue in fiscal 2026, Unitedhealth $447.6B in fiscal 2025. Revenue changed by +14.2% at Cardinal Health and +11.8% at Unitedhealth on the year before, so Cardinal Health grew faster. Cardinal Health kept 0.7% of its revenue as net profit, Unitedhealth 2.7%. Free cash flow was $4.5B at Cardinal Health and $16.1B at Unitedhealth.

Side by side, latest fiscal year

CAHUNH
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$254.2B$447.6B
Revenue growth+14.2%+11.8%
Net income$1.7B$12.1B
Net margin0.7%2.7%
Free cash flow$4.5B$16.1B
Free cash flow margin1.8%3.6%
Earnings per share (diluted)$7.23$13.23
Cash$4.9B$24.4B
Debt$8.9B$72.3B
Price to earnings30.528.5
Market value$51.2B$338B
Dividend yield0.93%2.32%
Rank by revenue in sector#5 of 523 · Health care#1 of 523 · Health care

Over the years

Revenue
CAH FY2019: $145.5BCAH FY2020: $152.9BCAH FY2021: $162.5BCAH FY2022: $181.3BCAH FY2023: $205BCAH FY2024: $226.8BCAH FY2025: $222.6BCAH FY2026: $254.2BUNH FY2018: $226.2BUNH FY2019: $242.2BUNH FY2020: $257.1BUNH FY2021: $287.6BUNH FY2022: $324.2BUNH FY2023: $371.6BUNH FY2024: $400.3BUNH FY2025: $447.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAH $254.2BUNH $447.6B
Net income
CAH FY2019: $1.4BCAH FY2020: -$3.7BCAH FY2021: $611MCAH FY2022: -$938MCAH FY2023: $330MCAH FY2024: $852MCAH FY2025: $1.6BCAH FY2026: $1.7BUNH FY2018: $12BUNH FY2019: $13.8BUNH FY2020: $15.4BUNH FY2021: $17.3BUNH FY2022: $20.1BUNH FY2023: $22.4BUNH FY2024: $14.4BUNH FY2025: $12.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAH $1.7BUNH $12.1B
Net margin
CAH FY2019: 0.9%CAH FY2020: -2.4%CAH FY2021: 0.4%CAH FY2022: -0.5%CAH FY2023: 0.2%CAH FY2024: 0.4%CAH FY2025: 0.7%CAH FY2026: 0.7%UNH FY2018: 5.3%UNH FY2019: 5.7%UNH FY2020: 6.0%UNH FY2021: 6.0%UNH FY2022: 6.2%UNH FY2023: 6.0%UNH FY2024: 3.6%UNH FY2025: 2.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
CAH 0.7%UNH 2.7%
Revenue growth
CAH FY2020: +5.1%CAH FY2021: +6.2%CAH FY2022: +11.6%CAH FY2023: +13.0%CAH FY2024: +10.7%CAH FY2025: -1.9%CAH FY2026: +14.2%UNH FY2019: +7.0%UNH FY2020: +6.2%UNH FY2021: +11.8%UNH FY2022: +12.7%UNH FY2023: +14.6%UNH FY2024: +7.7%UNH FY2025: +11.8%FY19FY20FY21FY22FY23FY24FY25FY26
CAH +14.2%UNH +11.8%
Free cash flow
CAH FY2019: $2.4BCAH FY2020: $1.6BCAH FY2021: $2BCAH FY2022: $2.8BCAH FY2023: $2.4BCAH FY2024: $3.3BCAH FY2025: $1.9BCAH FY2026: $4.5BUNH FY2018: $13.7BUNH FY2019: $16.4BUNH FY2020: $20.1BUNH FY2021: $19.9BUNH FY2022: $23.4BUNH FY2023: $25.7BUNH FY2024: $20.7BUNH FY2025: $16.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
CAH $4.5BUNH $16.1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Cardinal Health and Unitedhealth

Which is bigger by revenue, Cardinal Health or Unitedhealth?

Unitedhealth is bigger by revenue: $447.6B in fiscal 2025, against $254.2B for Cardinal Health in fiscal 2026.

Which keeps more of its revenue as profit, Cardinal Health or Unitedhealth?

Cardinal Health had a net margin of 0.7% in fiscal 2026; Unitedhealth had 2.7% in fiscal 2025.

Which grew revenue faster, Cardinal Health or Unitedhealth?

In their latest fiscal years revenue changed by +14.2% at Cardinal Health and +11.8% at Unitedhealth.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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