Cencora vs McKesson: revenue, profit, margins and growth compared
Cencora brought in $321.3B of revenue in fiscal 2025, McKesson $403.4B in fiscal 2026. Revenue changed by +9.3% at Cencora and +12.4% at McKesson on the year before, so McKesson grew faster. Cencora kept 0.5% of its revenue as net profit, McKesson 1.2%. Free cash flow was $3.2B at Cencora and $5.7B at McKesson.
Fiscal years as each company reports them; the two may end in different months.
Questions about Cencora and McKesson
Which is bigger by revenue, Cencora or McKesson?
McKesson is bigger by revenue: $403.4B in fiscal 2026, against $321.3B for Cencora in fiscal 2025.
Which keeps more of its revenue as profit, Cencora or McKesson?
Cencora had a net margin of 0.5% in fiscal 2025; McKesson had 1.2% in fiscal 2026.
Which grew revenue faster, Cencora or McKesson?
In their latest fiscal years revenue changed by +9.3% at Cencora and +12.4% at McKesson.
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.