Company Analysis

McKesson Corporation (MCK)

NYSE: MCK · Wholesale-Drugs, Proprietaries & Druggists' Sundries · Irving, TX · filing with the SEC since 1995
Grade7.1
◀ Past 8.1● Present 7.6▶ Future 5.5

The grade of McKesson Corporation

Nine metrics read from its own filings, by tense
Headline grade
7.1/10
◀ Past8.125% of the headline
● Present7.645% of the headline
▶ Future5.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

8.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.5/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 85th percentile among 10 sector filers · read for itself

From the record

McKesson Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.9/10

What has it actually done, year after year?

+8.2% a year over 10 filed years; profitable in 9 of 10.

weight 33% of this tense · 69th percentile among 8 sector filers · read for its customers

From the record

McKesson Corporation's 10 filed years say what it did: revenue went from $199 billion in fiscal 2017 to $403 billion in fiscal 2026, up 8.2% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span8.2%bottom 44% of its family
  • the share of years revenue rosetop 19% of its family
  • the share of filed years with a profittop 31% of its family
  • the deepest fall from a revenue peak0.0%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
9.3/10

How has it treated the people who own it?

Share count shrank 4.4% a year. 72% of cash flow returned. Insiders: 21 sales, 0 purchases.

weight 22% of this tense · 93rd percentile among 6 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-03-31, McKesson Corporation's diluted share count shrank about 4.4% a year, and dividends and buybacks returned about 72% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 21 sales (19 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 5% of its family
  • cash returned against operating cash flowtop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.6/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
6.5/10

Is it financially healthy right now?

Leverage 102%: owes 102¢ per asset dollar.

weight 33% of this tense · 65th percentile among 10 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, McKesson Corporation's shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 18 cents per dollar of everything the company owns. Leverage: it owed about 102 cents per dollar of assets, and net share issuance: its share count shrank 3.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 35% of its family
  • gross profit against assetstop 35% of its family
  • the share count against the year beforetop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.2/10

How strong is its position in its industry?

top 18% of 10 in its family; net margin 1.2%.

weight 45% of this tense · 82nd percentile among 10 sector filers · read for its customers

From the record

McKesson Corporation's standing among 10 graded names in its industry family: revenue of $403 billion in fiscal 2026 ranks in the top 5% by size; a net margin of 1.2% ranks in the top 25%; revenue growth of 13.4% a year over the last 3 filed years ranks in the top 25% (its annual reports).

What it rests on

  • revenue against the family$403.4Btop 5% of its family
  • net margin1.2%top 25% of its family
  • three-year revenue growth13.4%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
8.1/10

What are the people in charge doing?

top 19% of 9 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 81st percentile among 9 sector filers · read for its shareholders

From the record

McKesson Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Tyler, Brian Scott (Chief Executive Officer, as filed), filing under that title since 2019-05-23, 7.5 years (top 17% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 4.6 years (top 36%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (top 6%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 19 peopletop 6% of its family
  • the median years the people in charge have filed4.6 yearstop 36% of its family
  • the chief executive's years on the record7.5 yearstop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.2/10

How much room does it have to grow?

top 48% of 10 in its family for room to expand.

weight 33% of this tense · 52nd percentile among 10 sector filers · read for itself

From the record

McKesson Corporation's room to grow, from the newest filed statements (fiscal 2026): cash of $4.0 billion against debt of $6.5 billion leaves -3.1% of its assets as net cash, top 25% of its family; cash from operations less capital spending is 1.4% of revenue (top 45%); a gross margin of 3.6% (bottom 25%) (its annual report).

What it rests on

  • cash less debt against assets-3.1%top 25% of its family
  • cash from operations less capital spending against revenue1.4%top 45% of its family
  • gross margin3.6%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.8/10

What could actually drive growth from here?

top 42% of 8 in its family for growth drivers.

weight 33% of this tense · 58th percentile among 8 sector filers · read for its customers

From the record

McKesson Corporation's growth drivers, from the filed years to fiscal 2026: revenue grew 13.4% a year over the last three filed years against 8.2% over all 10, speeding up (top 6% of its family); the newest year grew 12.4% (top 44%); research spending grew -34.5% a year (bottom 13%); capital spending grew 3.8% a year (top 31%) (its annual reports). McKesson Corporation reported 4 lines of business in fiscal 2025: US Pharmaceutical at $328 billion, International at $15 billion, Medical Surgical Solutions at $11 billion, and 1 more. 4 of 4 grew in the latest filed year, and the largest line is 91% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+5.2 points a yeartop 6% of its family
  • the newest year's revenue growth12.4%top 44% of its family
  • three-year growth of research spending-34.5%bottom 13% of its family
  • three-year growth of capital spending3.8%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.5/10

Did its newest year beat what its own record pointed to?

top 45% of 7 in its family for expectations against reality.

weight 33% of this tense · 55th percentile among 7 sector filers · read for its shareholders

From the record

McKesson Corporation's newest year against its own record: revenue of $403 billion in fiscal 2026 came in 1.4% below the $409 billion its prior three years' pace pointed to (top 50% of its family); net income of $4.8 billion against a prior three-year average of $3.3 billion (top 36%); a net margin of 1.2% against 1.1% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-1.4%top 50% of its family
  • net income against the prior three years' average+45%top 36% of its family
  • net margin against its prior average+0.1 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MCK · research, not advice