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 37.7% YoY to 11.3x, 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 → | 19.56 | 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 | 0.22 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 15.78 | 8.02 | 22.57 | 9.49 | — | 2.84 | — | 8.49 | — | 4.55 | 154.29 | 17.76 | — |
| — | +182.8% | — | +11.8% | — | -37.7% | — | -52.2% | — | +16.5% | +1666.6% | +42.9% | — | |
| EV / EBITDA | 13.21 | 11.34 | 14.82 | 15.37 | 20.85 | 18.20 | 14.02 | 18.90 | 16.55 | 11.99 | 21.53 | 15.03 | 13.24 |
| — | -37.7% | +5.7% | -18.7% | +26.0% | +51.9% | -34.9% | +25.8% | +25.1% | +23.1% | +99.0% | +53.3% | +27.9% | |
| EV / EBIT | 14.70 | 12.32 | 16.18 | 17.32 | 22.61 | 13.85 | 15.62 | 28.04 | 17.70 | 14.69 | 24.90 | 16.23 | 13.99 |
| — | -11.0% | +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 2.3% in Q4 2026, up 0.8 pp QoQ and up 1.2 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 | 3.6% | 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 | 1.6% | 2.3% | 1.5% | 1.4% | 1.1% | 1.1% | 1.4% | 0.8% | 1.3% | 1.8% | 0.8% | 1.2% | 1.4% |
| — | +104.7% | +12.9% | +78.9% | -20.9% | -36.5% | +75.4% | -31.6% | -3.6% | +12.4% | -52.5% | -28.7% | -12.4% | |
| Net Margin | 1.2% | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| ROA | 6.0% | 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 | 254.1% | 36.0% | 22.8% | 18.7% | 23.3% | 26.2% | 24.2% | 19.3% | 32.3% | 39.9% | 12.9% | 19.6% | 33.2% |
| — | +37.2% | -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 3.5x, down from 4.8x last quarter — at a moderate level that warrants monitoring. 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | 1.20 | 3.52 | 4.77 | 5.91 | 8.33 | 6.23 | 6.78 | 7.95 | 6.01 | 4.82 | 9.73 | 6.93 | 6.22 |
| — | -43.4% | -29.6% | -25.6% | +38.4% | +29.1% | -30.4% | +14.6% | -3.3% | -12.1% | +60.3% | +30.7% | +6.7% | |
| Current Ratio | 0.85 | 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 | 0.49 | 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 | 26.13 | 36.85 | 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
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Quick answers to the most common questions about buying MCK stock.
McKesson Corporation's current P/E is 19.6x. 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 1.6%. 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.