Last 48 quarters of trend data · Healthcare · Medical - Distribution
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
McKesson Corporation's quarterly P/E stands at 15.8x, down 6.1% year-over-year. EV/EBITDA has compressed 29.2% YoY to 12.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 29.25 | 15.78 | 21.38 | 21.65 | 29.31 | 16.81 | 20.53 | 66.45 | 20.86 | 22.33 | 26.19 | 22.05 | 15.24 |
| — | -6.1% | +4.2% | -67.4% | +40.5% | -24.7% | -21.6% | +201.4% | +36.9% | +43.0% | +113.6% | +66.9% | -1.7% | |
| P/S Ratio | 0.26 | 0.28 | 0.24 | 0.23 | 0.24 | 0.23 | 0.19 | 0.17 | 0.24 | 0.23 | 0.19 | 0.19 | 0.20 |
| — | +18.2% | +26.2% | +36.5% | -2.4% | +0.8% | -0.8% | -10.1% | +22.9% | +29.8% | +1.7% | +8.7% | +10.6% | |
| P/B Ratio | — | 13.51 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 17.63 | 7.76 | 22.57 | 9.49 | — | 2.84 | — | 8.49 | — | 4.55 | 154.29 | 17.76 | — |
| — | +173.6% | — | +11.8% | — | -37.7% | — | -52.2% | — | +16.5% | +1666.6% | +42.9% | — | |
| EV / EBITDA | 18.74 | 12.89 | 14.82 | 15.37 | 20.85 | 18.20 | 14.02 | 18.90 | 16.55 | 11.99 | 21.53 | 15.03 | 13.24 |
| — | -29.2% | +5.7% | -18.7% | +26.0% | +51.9% | -34.9% | +25.8% | +25.1% | +23.1% | +99.0% | +53.3% | +27.9% | |
| EV / EBIT | 21.47 | — | 16.18 | 17.32 | 22.61 | 13.85 | 15.62 | 28.04 | 17.70 | 14.69 | 24.90 | 16.23 | 13.99 |
| — | — | +3.6% | -38.2% | +27.7% | -5.7% | -37.3% | +72.8% | +26.6% | +14.8% | +159.2% | +58.3% | +11.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
McKesson Corporation's operating margin was 2.2% in Q4 2026, up 0.6 pp QoQ and up 1.0 pp YoY. This marks the 4th consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. Gross margin expanded 30.6% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.5% | 4.2% | 3.5% | 3.4% | 3.4% | 3.2% | 3.4% | 3.4% | 3.7% | 4.5% | 3.7% | 3.8% | 3.8% |
| — | +30.6% | +2.7% | +2.2% | -10.1% | -29.1% | -9.8% | -10.5% | -1.1% | +5.3% | -10.7% | -12.4% | -13.7% | |
| Operating Margin | 1.2% | 2.2% | 1.5% | 1.4% | 1.1% | 1.1% | 1.4% | 0.8% | 1.3% | 1.8% | 0.8% | 1.2% | 1.4% |
| — | +90.2% | +12.9% | +78.9% | -20.9% | -36.5% | +75.4% | -31.6% | -3.6% | +12.4% | -52.5% | -28.7% | -12.4% | |
| Net Margin | 0.9% | 1.7% | 1.1% | 1.1% | 0.8% | 1.4% | 0.9% | 0.3% | 1.2% | 1.0% | 0.7% | 0.9% | 1.3% |
| — | +25.9% | +21.1% | +318.2% | -30.6% | +33.9% | +26.7% | -70.1% | -10.3% | -9.3% | -52.4% | -34.9% | +12.5% |
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | 43.4% | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 4.6% | 2.0% | 1.4% | 1.3% | 1.0% | 1.7% | 1.2% | 0.3% | 1.3% | 1.2% | 0.9% | 1.0% | 1.5% |
| — | +17.2% | +15.0% | +301.1% | -23.8% | +45.9% | +37.9% | -67.2% | -13.2% | -6.2% | -48.2% | -30.9% | +23.9% | |
| ROIC | 540.6% | 17.3% | 22.8% | 18.7% | 23.3% | 26.2% | 24.2% | 19.3% | 32.3% | 39.9% | 12.9% | 19.6% | 33.2% |
| — | -33.8% | -5.8% | -3.1% | -27.8% | -34.4% | +88.0% | -1.4% | -2.6% | +7.3% | -52.3% | -22.7% | +23.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
McKesson Corporation's Debt/EBITDA ratio is 4.0x, down from 4.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 5.1% YoY to 0.85x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | 1.10 | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 1.48 | 4.01 | 4.77 | 5.91 | 8.33 | 6.23 | 6.78 | 7.95 | 6.01 | 4.82 | 9.73 | 6.93 | 6.22 |
| — | -35.6% | -29.6% | -25.6% | +38.4% | +29.1% | -30.4% | +14.6% | -3.3% | -12.1% | +60.3% | +30.7% | +6.7% | |
| Current Ratio | 0.90 | 0.85 | 0.88 | 0.88 | 0.88 | 0.90 | 0.88 | 0.91 | 0.93 | 0.92 | 0.92 | 0.93 | 0.94 |
| — | -5.1% | -0.8% | -3.0% | -4.6% | -1.9% | -4.2% | -2.3% | -1.5% | -0.8% | -0.9% | -3.3% | -2.2% | |
| Quick Ratio | 0.53 | 0.49 | 0.48 | 0.50 | 0.49 | 0.53 | 0.48 | 0.50 | 0.47 | 0.51 | 0.50 | 0.50 | 0.52 |
| — | -6.4% | +0.5% | -0.0% | +4.3% | +2.6% | -3.9% | -0.8% | -8.5% | -0.1% | -0.8% | -9.0% | -5.7% | |
| Interest Coverage | 18.03 | 34.25 | 26.27 | 19.85 | 22.45 | 34.67 | 19.30 | 7.85 | 17.42 | 15.63 | 10.56 | 16.02 | 29.71 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying MCK stock.
McKesson Corporation's current P/E is 29.2x. The average P/E over the last 4 quarters is 22.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
McKesson Corporation's current operating margin is 1.2%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking McKesson Corporation's business trajectory between earnings reports.