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Cencora vs HWH International: revenue, profit, margins and growth compared

Cencora brought in $321.3B of revenue in fiscal 2025, HWH International $866.9K in fiscal 2025. Revenue changed by +9.3% at Cencora and -30.8% at HWH International on the year before, so Cencora grew faster. Cencora kept 0.5% of its revenue as net profit, HWH International -303.4%. Free cash flow was $3.2B at Cencora and -$1.8M at HWH International.

Side by side, latest fiscal year

CORHWH
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$321.3B$866.9K
Revenue growth+9.3%-30.8%
Net income$1.6B-$2.6M
Net margin0.5%-303.4%
Free cash flow$3.2B-$1.8M
Free cash flow margin1.0%-204.1%
Earnings per share (diluted)$7.96-$0.40
Cash$4.4B$2.1M
Debt$7.7Bn/a
Price to earnings38.6n/a
Market value$58.6B$79.7M
Dividend yield0.72%n/a
Rank by revenue in sector#3 of 523 · Health care#489 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: $321.3BHWH FY2024: $830.5KHWH FY2024: $1.3MHWH FY2025: $866.9KFY18FY19FY20FY21FY22FY23FY24FY25
COR $321.3BHWH $866.9K
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: $1.6BHWH FY2022: $113.5KHWH FY2023: $548.9KHWH FY2024: -$1.1MHWH FY2024: -$2.7MHWH FY2025: -$2.6MFY18FY19FY20FY21FY22FY23FY24FY25
COR $1.6BHWH -$2.6M
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%HWH FY2024: -130.1%HWH FY2024: -219.4%HWH FY2025: -303.4%FY18FY19FY20FY21FY22FY23FY24FY25
COR 0.5%HWH -303.4%
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%HWH FY2024: +50.9%HWH FY2025: -30.8%FY19FY20FY21FY22FY23FY24FY25
COR +9.3%HWH -30.8%
Free cash flow
COR FY2018: $1.1BCOR FY2019: $2BCOR FY2020: $1.8BCOR FY2021: $2.2BCOR FY2022: $2.2BCOR FY2023: $3.5BCOR FY2024: $3BCOR FY2025: $3.2BHWH FY2024: -$2.6MHWH FY2024: -$1.8MHWH FY2025: -$1.8MFY18FY19FY20FY21FY22FY23FY24FY25
COR $3.2BHWH -$1.8M

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

Questions about Cencora and HWH International

Which is bigger by revenue, Cencora or HWH International?

Cencora is bigger by revenue: $321.3B in fiscal 2025, against $866.9K for HWH International in fiscal 2025.

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

Cencora had a net margin of 0.5% in fiscal 2025; HWH International had -303.4% in fiscal 2025.

Which grew revenue faster, Cencora or HWH International?

In their latest fiscal years revenue changed by +9.3% at Cencora and -30.8% at HWH International.

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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