Stocks Comparison
Elevance Health vs McKesson: revenue, profit, margins and growth compared
Elevance Health brought in $199.1B of revenue in fiscal 2025, McKesson $403.4B in fiscal 2026. Revenue changed by +12.5% at Elevance Health and +12.4% at McKesson on the year before, so Elevance Health grew faster. Elevance Health kept 2.8% of its revenue as net profit, McKesson 1.2%. Free cash flow was $3.2B at Elevance Health and $5.7B at McKesson.
Side by side, latest fiscal year
| ELV | MCK | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2026 (March 31, 2026) |
| Revenue | $199.1B | $403.4B |
| Revenue growth | +12.5% | +12.4% |
| Net income | $5.7B | $4.8B |
| Net margin | 2.8% | 1.2% |
| Free cash flow | $3.2B | $5.7B |
| Free cash flow margin | 1.6% | 1.4% |
| Earnings per share (diluted) | $25.21 | $38.38 |
| Cash | $9.5B | $4B |
| Debt | $31.9B | $6.5B |
| Price to earnings | 15.7 | 22.6 |
| Market value | $85.9B | $101B |
| Dividend yield | n/a | 0.37% |
| Rank by revenue in sector | #6 of 523 · Health care | #2 of 523 · Health care |
Over the years
Questions about Elevance Health and McKesson
Which is bigger by revenue, Elevance Health or McKesson?
McKesson is bigger by revenue: $403.4B in fiscal 2026, against $199.1B for Elevance Health in fiscal 2025.
Which keeps more of its revenue as profit, Elevance Health or McKesson?
Elevance Health had a net margin of 2.8% in fiscal 2025; McKesson had 1.2% in fiscal 2026.
Which grew revenue faster, Elevance Health or McKesson?
In their latest fiscal years revenue changed by +12.5% at Elevance Health 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.