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CAHCardinal Health, Inc.
$271.72$63.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CAH logo

Cardinal Health, Inc.

CAH
NYSE · Drug Distributors & Pharmacies
$271.72
At close - Nov 6, 4:00 PM EST - USD
Market Cap$63.64B
P/E34.8x
52W High$286.29
Volume1.96M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q4

Margin Step-Up Offsets Acquisition Debt Risk

Cardinal Health's profitability appears structurally improving, with gross margin expanding 120 basis points from 3.1% in fiscal 2024 Q3 to 4.3% in fiscal 2026 Q4 and operating margin rising to 1.1% on positive SG&A leverage, while the valuation gap between a 31.6x trailing P/E and 18.2x forward P/E suggests the market…

GrowthDecelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

CAH price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+56% Peers

P/E is 56% above peer median

03

Market leadership

RS 87 · Leader

High momentum (Outperforming 87% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Feb 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth decelerated sharply from 22.4% in fiscal 2026 Q1 to 6.1% in Q4, yet gross margin expanded to 4.3% and operating margin to 1.1%, suggesting mix-driven profitability gains are outpacing top-line momentum.

Analyst Consensus+2.8% target
Buy(33 analysts)
19 Buy14 Hold0 Sell

The Bull Case

Upside Catalysts

Opioid crisis response leadership

Cardinal Health is actively combating opioid misuse in America, reinforcing its role in securing the pharmaceutical supply chain.

Strong revenue growth

Q4 revenue of $64 billion marked an 8.4% beat, with the strongest sequential acceleration in 7 quarters, driven by 32% growth in Specialty Solutions.

Attractive valuation metrics

CAH's trailing P/E of 24.57 and forward P/E of 16.92 suggest potential undervaluation relative to growth prospects.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CAH+33.08%
S&P 500 (^GSPC)+7.63%
1-Year Return
CAH+38.28%
S&P 500 (^GSPC)+9.69%
3-Year Return
CAH+173.28%
S&P 500 (^GSPC)+71.57%
5-Year Return
CAH+467.77%
S&P 500 (^GSPC)+59.64%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
34.8x
Forward P/EExpansion
21.6x
EV/EBITDA80th %ile
18.7x
FCF YieldCash Flow
7.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
34.8x
32.9x
75th· Fair
EV/EBITDA
18.7x
17.2x
80th· High
Price/FCF
13.0x
10.5x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$0.00N/A
Base (Fair)$186.90-31.2%
Bull$72.21-73.4%
$0.00 Bear$186.90 Base$72.21 Bull
Current Market Price: $271.72
Trades at a 45.4% premium to Base DCF ($186.90)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$254.25B+14.2% YoY
Net income FY26
$1.71B+9.8% YoY
Free cash flow FY26
$4.53B+144.6% YoY
Operating margin FY26
1%+0.0 pts YoY
ROIC (FY26)75.3%
Avg ROIC 5Y1145.8%
ROE (FY26)-
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$3.26+10.9%
vs $2.94
$67.5B+1.3%
vs $66.7B
Q3 2026
Aug 11, 2026
$2.91+20.2%
vs $2.42
$63.7B-2.3%
vs $65.2B
Q2 2026
Apr 30, 2026
$3.17+13.6%
vs $2.79
$60.9B-1.9%
vs $62.1B
Q1 2026
Feb 5, 2026
$2.63+12.4%
vs $2.34
$65.6B+0.8%
vs $65.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Seeking Alpha·15h ago
69 Dividend Champions Ranked By Quality Scores (November 2026)

I present 69 Dividend Champions with Dividend Safety scores of 8+ and rank them using my 9F Quality Scores system. Twenty-two featured Dividend Champions are undervalued, while 21 are overvalued. Forty-nine have quality scores ≥ 7.0, indicating high quality. Top candidates by style: BRO and BMI for growth; BRO, BMI, and RGLD (below $262) for total return; CTBI for income; CAT for past performance.

MarketBeat·21h ago
Cardinal Health Q1 Earnings Call Highlights

Cardinal Health NYSE: CAH raised its fiscal 2027 earnings outlook after reporting double-digit profit growth in its pharmaceutical and specialty segment and its other growth businesses for the first quarter.

Zacks Investment Research·1d ago
CAH Q1 Earnings Call Highlights Raised Outlook and Specialty Growth

Cardinal Health raises its fiscal 2027 earnings outlook as specialty growth, strong generics demand and customer renewals offset medical distribution pressures.

Defense World·1d ago
Cardinal Health (NYSE:CAH) Hits New 12-Month High Following Earnings Beat

Shares of Cardinal Health, Inc. (NYSE: CAH - Get Free Report) reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $268.00 and last traded at $280.7730, with a volume of 2,248 shares changing hands. The stock had previously closed at $261.93. The company

Filtered for Cardinal Health, Inc.More Headlines
04

Compare before deciding

Benchmark CAH against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Cardinal Health, Inc. (CAH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CAH logoCAHCardinal Health, Inc.Current
$271.72$63.64B34.8214.23%0.71%—0.76%
MCK logoMCKMcKesson Corporation
$1060.84$123.8B26.3412.36%1.12%—0.29%
HSIC logoHSICHenry Schein, Inc.
$86.05$9.8B23.004.03%3.07%8.83%—
ACH logoACHAccendra Health, Inc.
$0.20$15.62M-0.01-74.19%-6.72%——
NXST logoNXSTNexstar Media Group, Inc.
$190.02$5.8B15.80-8.47%4.72%16.68%2.9%
JNJ logoJNJJohnson & Johnson
$276.22$664.92B42.026.05%16.2%19.55%1.85%

Compare CAH vs Peers

Cardinal Health, Inc. (CAH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MCK

Most directly comparable listed peer for CAH.

Scale Benchmark

vs JNJ

Larger-name benchmark to compare CAH against a more recognizable public peer.

Peer Set

Compare Top 5

vs MCK, HSIC, ACH, NXST

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CAH SEC Filings & Documents

Cardinal Health, Inc. (CAH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Oct 1, 2026·SEC

Material company update

Aug 11, 2026·SEC

Material company update

Aug 11, 2026·SEC

10-K Annual Reports

3
FY 2026

Aug 11, 2026·SEC

FY 2025

Aug 12, 2025·SEC

FY 2024

Aug 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2026

Feb 5, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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CAH Frequently Asked Questions

Cardinal Health, Inc. (CAH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Cardinal Health, Inc.'s revenue?

Cardinal Health, Inc. (CAH) reported $257.75B in revenue over the trailing twelve months. Revenue was $254.25B in fiscal year 2026. That is 1282% more than the $18.39B of fiscal year 1997.

How fast is Cardinal Health, Inc. growing?

Cardinal Health, Inc. (CAH) grew revenue by 10.0% over the trailing twelve months, compared with the twelve months before.

Is CAH profitable?

Yes. Cardinal Health, Inc. (CAH) earned $1.82B in net income over the trailing twelve months (a 0.7% net margin).

Dividend & Returns
Does CAH pay dividends?

Yes. Cardinal Health, Inc. (CAH) pays a dividend that yields 0.76% at the current price, a small yield.

What is Cardinal Health, Inc.'s free cash flow?

Cardinal Health, Inc. (CAH) generated $4.90B in free cash flow over the trailing twelve months.

What if you invested $1,000 in CAH back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →