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Cencora vs Herbalife: revenue, profit, margins and growth compared

Cencora brought in $321.3B of revenue in fiscal 2025, Herbalife $5B in fiscal 2025. Revenue changed by +9.3% at Cencora and +0.9% at Herbalife on the year before, so Cencora grew faster. Cencora kept 0.5% of its revenue as net profit, Herbalife 4.5%. Free cash flow was $3.2B at Cencora and $252.9M at Herbalife.

Side by side, latest fiscal year

CORHLF
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$321.3B$5B
Revenue growth+9.3%+0.9%
Net income$1.6B$228.3M
Net margin0.5%4.5%
Free cash flow$3.2B$252.9M
Free cash flow margin1.0%5.0%
Earnings per share (diluted)$7.96$2.20
Cash$4.4B$353.1M
Debt$7.7B$2B
Price to earnings38.65.7
Market value$58.6B$1.3B
Dividend yield0.72%n/a
Rank by revenue in sector#3 of 523 · Health care#63 of 523 · Health care

Over the years

Revenue
COR FY2018: $167.9BCOR FY2019: $179.6BCOR FY2020: $189.9BCOR FY2021: $214BCOR FY2022: $238.6BCOR FY2023: $262.2BCOR FY2024: $294BCOR FY2025: $321.3BHLF FY2018: $4.9BHLF FY2019: $4.9BHLF FY2020: $5.5BHLF FY2021: $5.8BHLF FY2022: $5.2BHLF FY2023: $5.1BHLF FY2024: $5BHLF FY2025: $5BFY18FY19FY20FY21FY22FY23FY24FY25
COR $321.3BHLF $5B
Net income
COR FY2018: $1.7BCOR FY2019: $855.4MCOR FY2020: -$3.4BCOR FY2021: $1.5BCOR FY2022: $1.7BCOR FY2023: $1.7BCOR FY2024: $1.5BCOR FY2025: $1.6BHLF FY2018: $296.6MHLF FY2019: $311MHLF FY2020: $372.6MHLF FY2021: $447.2MHLF FY2022: $321.3MHLF FY2023: $142.2MHLF FY2024: $254.3MHLF FY2025: $228.3MFY18FY19FY20FY21FY22FY23FY24FY25
COR $1.6BHLF $228.3M
Net margin
COR FY2018: 1.0%COR FY2019: 0.5%COR FY2020: -1.8%COR FY2021: 0.7%COR FY2022: 0.7%COR FY2023: 0.7%COR FY2024: 0.5%COR FY2025: 0.5%HLF FY2018: 6.1%HLF FY2019: 6.4%HLF FY2020: 6.7%HLF FY2021: 7.7%HLF FY2022: 6.2%HLF FY2023: 2.8%HLF FY2024: 5.1%HLF FY2025: 4.5%FY18FY19FY20FY21FY22FY23FY24FY25
COR 0.5%HLF 4.5%
Revenue growth
COR FY2019: +6.9%COR FY2020: +5.7%COR FY2021: +12.7%COR FY2022: +11.5%COR FY2023: +9.9%COR FY2024: +12.1%COR FY2025: +9.3%HLF FY2019: -0.3%HLF FY2020: +13.6%HLF FY2021: +4.7%HLF FY2022: -10.3%HLF FY2023: -2.7%HLF FY2024: -1.4%HLF FY2025: +0.9%FY19FY20FY21FY22FY23FY24FY25
COR +9.3%HLF +0.9%
Free cash flow
COR FY2018: $1.1BCOR FY2019: $2BCOR FY2020: $1.8BCOR FY2021: $2.2BCOR FY2022: $2.2BCOR FY2023: $3.5BCOR FY2024: $3BCOR FY2025: $3.2BHLF FY2018: $564.4MHLF FY2019: $351.4MHLF FY2020: $516.6MHLF FY2021: $308.9MHLF FY2022: $196.1MHLF FY2023: $222.5MHLF FY2024: $163.4MHLF FY2025: $252.9MFY18FY19FY20FY21FY22FY23FY24FY25
COR $3.2BHLF $252.9M

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

Questions about Cencora and Herbalife

Which is bigger by revenue, Cencora or Herbalife?

Cencora is bigger by revenue: $321.3B in fiscal 2025, against $5B for Herbalife in fiscal 2025.

Which keeps more of its revenue as profit, Cencora or Herbalife?

Cencora had a net margin of 0.5% in fiscal 2025; Herbalife had 4.5% in fiscal 2025.

Which grew revenue faster, Cencora or Herbalife?

In their latest fiscal years revenue changed by +9.3% at Cencora and +0.9% at Herbalife.

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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