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Humana vs McKesson: revenue, profit, margins and growth compared

Humana brought in $129.7B of revenue in fiscal 2025, McKesson $403.4B in fiscal 2026. Revenue changed by +10.1% at Humana and +12.4% at McKesson on the year before, so McKesson grew faster. Humana kept 0.9% of its revenue as net profit, McKesson 1.2%. Free cash flow was $375M at Humana and $5.7B at McKesson.

Side by side, latest fiscal year

HUMMCK
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$129.7B$403.4B
Revenue growth+10.1%+12.4%
Net income$1.2B$4.8B
Net margin0.9%1.2%
Free cash flow$375M$5.7B
Free cash flow margin0.3%1.4%
Earnings per share (diluted)$9.84$38.38
Cash$4.2B$4B
Debt$12.4B$6.5B
Price to earnings40.422.6
Market value$47.8B$101B
Dividend yield0.89%0.37%
Rank by revenue in sector#8 of 523 · Health care#2 of 523 · Health care

Over the years

Revenue
HUM FY2018: $56.9BHUM FY2019: $64.9BHUM FY2020: $77.2BHUM FY2021: $83.1BHUM FY2022: $92.9BHUM FY2023: $106.4BHUM FY2024: $117.8BHUM FY2025: $129.7BMCK FY2019: $214.3BMCK FY2020: $231.1BMCK FY2021: $238.2BMCK FY2022: $264BMCK FY2023: $276.7BMCK FY2024: $309BMCK FY2025: $359.1BMCK FY2026: $403.4BFY18FY19FY20FY21FY22FY23FY24FY25FY26
HUM $129.7BMCK $403.4B
Net income
HUM FY2018: $1.7BHUM FY2019: $2.7BHUM FY2020: $3.4BHUM FY2021: $2.9BHUM FY2022: $2.8BHUM FY2023: $2.5BHUM FY2024: $1.2BHUM FY2025: $1.2BMCK FY2019: $34MMCK FY2020: $900MMCK FY2021: -$4.5BMCK FY2022: $1.1BMCK FY2023: $3.6BMCK FY2024: $3BMCK FY2025: $3.3BMCK FY2026: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25FY26
HUM $1.2BMCK $4.8B
Net margin
HUM FY2018: 3.0%HUM FY2019: 4.2%HUM FY2020: 4.4%HUM FY2021: 3.5%HUM FY2022: 3.0%HUM FY2023: 2.3%HUM FY2024: 1.0%HUM FY2025: 0.9%MCK FY2019: 0.0%MCK FY2020: 0.4%MCK FY2021: -1.9%MCK FY2022: 0.4%MCK FY2023: 1.3%MCK FY2024: 1.0%MCK FY2025: 0.9%MCK FY2026: 1.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
HUM 0.9%MCK 1.2%
Revenue growth
HUM FY2019: +14.0%HUM FY2020: +18.9%HUM FY2021: +7.7%HUM FY2022: +11.8%HUM FY2023: +14.5%HUM FY2024: +10.7%HUM FY2025: +10.1%MCK FY2020: +7.8%MCK FY2021: +3.1%MCK FY2022: +10.8%MCK FY2023: +4.8%MCK FY2024: +11.7%MCK FY2025: +16.2%MCK FY2026: +12.4%FY19FY20FY21FY22FY23FY24FY25FY26
HUM +10.1%MCK +12.4%
Free cash flow
HUM FY2018: $1.6BHUM FY2019: $4.5BHUM FY2020: $4.7BHUM FY2021: $920MHUM FY2022: $3.5BHUM FY2023: $3BHUM FY2024: $2.4BHUM FY2025: $375MMCK FY2019: $3.6BMCK FY2020: $4BMCK FY2021: $4.1BMCK FY2022: $4BMCK FY2023: $4.8BMCK FY2024: $3.9BMCK FY2025: $5.5BMCK FY2026: $5.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
HUM $375MMCK $5.7B

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

Questions about Humana and McKesson

Which is bigger by revenue, Humana or McKesson?

McKesson is bigger by revenue: $403.4B in fiscal 2026, against $129.7B for Humana in fiscal 2025.

Which keeps more of its revenue as profit, Humana or McKesson?

Humana had a net margin of 0.9% in fiscal 2025; McKesson had 1.2% in fiscal 2026.

Which grew revenue faster, Humana or McKesson?

In their latest fiscal years revenue changed by +10.1% at Humana 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.

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