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CORCencora, Inc.
$312.28$60.8B
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
COR logo

Cencora, Inc.

COR
NYSE · Medical Distribution
$312.28
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$60.76B
P/E39.2x
52W High$377.54
Volume1.09M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Margin Expansion Masks Thin Equity Buffer

Cencora's revenue growth has normalized to mid-single digits (5.1% YoY in 2026Q3), yet gross margin expansion to 4.3% from 2.7% in 2024Q4 suggests a favorable specialty mix shift. Operating leverage is emerging, with operating income growing 11.9% YoY, but the...

GrowthStable
ProfitabilityStable
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

COR price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

+47% Peers

P/E is 47% above peer median

03

Market leadership

RS 52 · Avg

Average momentum (RS Rating: 52)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 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 grew 5.1% YoY to $84.8B in 2026Q3, with gross margin expanding 160 bps to 4.3% from 2.7% in 2024Q4, though net margin remains thin at 0.9%.

Analyst Consensus+14.7% target
Buy(46 analysts)
33 Buy12 Hold1 Sell

The Bull Case

Upside Catalysts

Strong revenue growth

Cencora reported year-over-year revenue increases of 3.8% and 5.5% in recent quarters, demonstrating consistent top-line growth.

Earnings per share surge

GAAP diluted EPS significantly improved year-over-year, from $3.68 to $8.40 in the most recent quarter.

Opportunistic share repurchases

The company has updated its financial guidance due to recent share repurchases, indicating active capital management.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
COR-7.32%
S&P 500 (^GSPC)+12.39%
1-Year Return
COR+4.06%
S&P 500 (^GSPC)+15.77%
3-Year Return
COR+70.34%
S&P 500 (^GSPC)+75.27%
5-Year Return
COR+165.39%
S&P 500 (^GSPC)+71.30%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
39.2x
Forward P/EExpansion
17.5x
EV/EBITDA80th %ile
14.3x
FCF YieldCash Flow
5.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
39.2x
21.1x
80th· High
EV/EBITDA
14.3x
11.7x
80th· High
Price/FCF
18.9x
13.0x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$321.33B+9.3% YoY
Net income
$1.55B+3.0% YoY
Free cash flow
$3.21B+7.0% YoY
Operating margin
1.1%+0.1 pts YoY
ROIC (TTM)44.5%
Avg ROIC 5Y-
ROE (TTM)122.7%
Piotroski Score6 / 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 Rate10/12 (91%)
Revenue Beat Rate7/12 (64%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$4.48+3.0%
vs $4.35
$84.8B+0.5%
vs $84.3B
Q2 2026
May 6, 2026
$4.75-1.5%
vs $4.82
$78.4B-3.4%
vs $81.1B
Q1 2026
Feb 4, 2026
$4.08+0.7%
vs $4.05
$85.9B-0.1%
vs $86.1B
Q4 2025
Nov 5, 2025
$3.84+1.3%
vs $3.79
$83.7B+0.3%
vs $83.5B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·2d ago
Cencora Highlights Specialty Growth, MSO Expansion and Walgreens Ties at Conference

Cencora (NYSE: COR) executives highlighted the company's specialty pharmaceutical positioning, medical specialty organization strategy and capital-allocation priorities during an investor conference discussion, while reaffirming the durability of its relationship with Walgreens. Chief Executive Officer Bob Mauch said Cencora's growth is being supported by pharmaceutical innovation, demographic trends and the company's long-standing investments in specialty distribution and

MarketBeat·2d ago
Cencora Highlights Specialty Growth, MSO Expansion and Walgreens Ties at Conference

Cencora NYSE: COR executives highlighted the company's specialty pharmaceutical positioning, medical specialty organization strategy and capital-allocation priorities during an investor conference discussion, while reaffirming the durability of its relationship with Walgreens.

Zacks Investment Research·5d ago
Here's Why Cencora (COR) is a Strong Value Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Defense World·Sep 17, 2026
Corient Private Wealth LP Purchases 19,068 Shares of Cencora, Inc. $COR

Corient Private Wealth LP lifted its holdings in Cencora, Inc. (NYSE: COR) by 102.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,601 shares of the company's stock after buying an additional 19,068 shares during the period. Corient Private Wealth LP's

Filtered for Cencora, Inc.More Headlines
04

Compare before deciding

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

Peers Comparison

Key metrics vs top competitors for Cencora, Inc. (COR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
COR logoCORCencora, Inc.Current
$312.28$60.76B39.239.31%0.48%122.67%0.72%
MCK logoMCKMcKesson Corporation
$880.50$104.96B22.9412.36%1.12%——
CAH logoCAHCardinal Health, Inc.
$221.27$51.82B30.60299.31%0.67%——
OMI logoOMIOwens & Minor, Inc.
$2.24$171.11M-0.16-74.19%-39.85%——
HSIC logoHSICHenry Schein, Inc.
$85.05$9.69B26.014.03%2.96%8.38%—
CVS logoCVSCVS Health Corp.
$85.86$109.55B61.777.85%1.18%6.41%—

Compare COR vs Peers

Cencora, Inc. (COR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MCK

Most directly comparable listed peer for COR.

Scale Benchmark

vs UNH

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

Peer Set

Compare Top 5

vs MCK, CAH, OMI, HSIC

05

Keep researching

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

COR SEC Filings & Documents

Cencora, Inc. (COR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 12, 2026·SEC

Material company update

Aug 5, 2026·SEC

Material company update

Aug 5, 2026·SEC

10-K Annual Reports

1
FY 2025

Nov 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2026

Feb 4, 2026·SEC

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COR Frequently Asked Questions

Cencora, Inc. (COR) stock FAQ — growth, dividends, profitability & financials explained

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

Cencora, Inc. (COR) reported $332.77B in revenue for fiscal year 2025. This represents a 5894% increase from $5.55B in 1996.

How fast is Cencora, Inc. growing?

Cencora, Inc. (COR) grew revenue by 9.3% over the past year. This is steady growth.

Is COR profitable?

Yes, Cencora, Inc. (COR) is profitable, generating $2.62B in net income for fiscal year 2025 (0.5% net margin).

Dividend & Returns
Does COR pay dividends?

Yes, Cencora, Inc. (COR) pays a dividend with a yield of 0.72%. This makes it attractive for income-focused investors.

What is COR's return on equity?

Cencora, Inc. (COR) has a return on equity (ROE) of 122.7%. This is excellent, indicating efficient use of shareholder capital.

What is Cencora, Inc.'s free cash flow?

Cencora, Inc. (COR) generated $4.06B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in COR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →