Cardinal Health

Health Care Health Care Distributors Dublin, Ohio Last filing Aug 12, 2025 · FY2025

                    Revenue
                    FY2025
                
$222.6B
                    3y CAGR +7.1%
                    
                    P61
                    
                    -1.9%
                    
                    Net income
                    FY2025
                
$1.6B
                    Net margin +0.7%
                    
                    P13
                    
                    +83.2%
                    
                    Total assets
                    FY2025
                
$53.1B
                    ROA +2.9%
                    
                    P18
                    
                    +17.7%
                    
                    Operating cash flow
                    FY2025
                
$2.4B
                    FCF margin +0.8%
                    
                    P10
                    
                    -36.3%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

26 accounts · 10 years

Total assets $53.1B

Total liabilities $53.1B

Shareholders equity $-2.8B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	$3.9B -24.5%	$5.1B 25.9%	$4.1B -13.6%	$4.7B 38.5%	$3.4B 23.0%	$2.8B 9.5%	$2.5B 43.6%	$1.8B -74.4%	$6.9B 192.0%	$2.4B
Accounts Receivable	$13.2B 9.6%	$12.1B 8.8%	$11.1B 5.2%	$10.6B 16.0%	$9.1B 10.2%	$8.3B -2.2%	$8.4B 8.3%	$7.8B -3.1%	$8.0B 8.7%	$7.4B
Inventory	$16.8B	—	—	—	—	—	—	—	—	—
Prepaid Expenses	$2.4B	—	—	—	—	—	—	—	—	—
Other Current Assets	$2.4B	—	—	—	—	—	—	—	—	—
Total Current Assets	$36.4B 4.3%	$34.9B 3.4%	$33.7B 2.4%	$32.9B 6.1%	$31.0B 19.7%	$25.9B 0.7%	$25.7B 4.9%	$24.6B -13.4%	$28.3B 29.1%	$22.0B
Property,Plant and Equipment	$2.9B 13.0%	$2.5B 2.8%	$2.5B 4.2%	$2.4B 0.0%	$2.4B -0.3%	$2.4B 0.4%	$2.4B -5.3%	$2.5B 32.4%	$1.9B 4.6%	$1.8B
Goodwill	$9.7B 105.1%	$4.7B 2.4%	$4.6B -21.2%	$5.9B -26.7%	$8.0B -4.4%	$8.4B -0.3%	$8.4B 0.7%	$8.3B 15.2%	$7.2B 0.8%	$7.2B
Intangible Assets	$2.5B	—	—	—	—	—	—	—	—	—
Other Noncurrent Assets	$1.7B 36.2%	$1.3B 18.0%	$1.1B 11.9%	$953.0M 0.2%	$951.0M -19.7%	$1.2B 12.6%	$1.1B 54.3%	$682.0M 0.1%	$681.0M -27.9%	$944.0M
Total Assets	$53.1B 17.7%	$45.1B 4.1%	$43.3B -1.2%	$43.9B -1.3%	$44.5B 9.0%	$40.8B -0.5%	$41.0B 2.5%	$40.0B -0.4%	$40.1B 17.6%	$34.1B
Liabilities
Accounts Payable	$34.7B 9.3%	$31.8B 6.1%	$29.9B 10.3%	$27.1B 14.5%	$23.7B 10.9%	$21.4B -0.7%	$21.5B 9.4%	$19.7B 9.9%	$17.9B 3.5%	$17.3B
Accrued Liabilities	$3.6B 5.4%	$3.4B 16.0%	$3.0B 4.6%	$2.8B -3.9%	$3.0B 32.5%	$2.2B 5.1%	$2.1B 6.0%	$2.0B 0.7%	$2.0B 10.0%	$1.8B
Other Current Liabilities	$38.9B	—	—	—	—	—	—	—	—	—
Total Current Liabilities	$38.9B 9.1%	$35.6B 5.6%	$33.7B 10.4%	$30.6B 10.6%	$27.6B 17.0%	$23.6B -2.0%	$24.1B 5.3%	$22.9B 7.9%	$21.2B 7.7%	$19.7B
Long Term Debt	$8.5B 67.5%	$5.1B 8.3%	$4.7B -11.6%	$5.3B -14.8%	$6.2B -8.0%	$6.8B -15.6%	$8.0B -10.9%	$9.0B -13.3%	$10.4B 87.7%	$5.5B
Other Noncurrent Liabilities	$879.0M -10.4%	$981.0M -3.3%	$1.0B 7.1%	$948.0M -0.9%	$957.0M -4.1%	$998.0M 118.9%	$456.0M 7.8%	$423.0M 1.4%	$417.0M -20.9%	$527.0M
Total Liabilities	$53.1B 17.7%	$45.1B 4.1%	$43.3B -1.2%	$43.9B -1.3%	$44.5B 9.0%	$40.8B -0.5%	$41.0B 2.5%	$40.0B -0.4%	$40.1B 17.6%	$34.1B
Equity
Preferred Stock	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Common Stock	$3.0B 1.3%	$2.9B 6.2%	$2.7B -2.4%	$2.8B 0.2%	$2.8B 0.6%	$2.8B 0.9%	$2.8B 1.2%	$2.7B 1.2%	$2.7B -10.4%	$3.0B
Retained Earnings	$783.0M	—	—	—	—	—	—	—	—	—
Treasury Stock	$6.4B 12.1%	$5.7B 15.6%	$4.9B 57.0%	$3.1B 43.1%	$2.2B 5.8%	$2.1B 15.4%	$1.8B 46.2%	$1.2B 67.4%	$731.0M -73.5%	$2.8B
Accumulated Other Comprehensive Income	$-155.0M	—	—	—	—	—	—	—	—	—
Noncontrolling Interest	$147.0M	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	$-2.8B 13.4%	$-3.2B -8.6%	$-3.0B -317.2%	$-709.0M -139.6%	$1.8B 0.1%	$1.8B -71.7%	$6.3B 4.4%	$6.1B -11.0%	$6.8B 3.9%	$6.6B
Total Liabilitiesand Equity	$53.1B 26.8%	$41.9B 3.8%	$40.4B -6.4%	$43.2B -6.6%	$46.2B 8.7%	$42.6B -10.0%	$47.3B 2.8%	$46.0B -1.9%	$46.9B 15.4%	$40.7B

Income Statement

Revenue, expense, and profitability

18 accounts · 10 years

Revenue $222.6B

Operating income $2.3B

Net income $1.6B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	$222.6B	—	—	—	—	—	—	—	—	—
Expenses Cost of Revenue	$214.4B	—	—	—	—	—	—	—	—	—
Expenses Selling,General and Administrative	$5.4B	—	—	—	—	—	—	—	—	—
Expenses Depreciation and Amortization	$790.0M	—	—	—	—	—	—	—	—	—
Expenses Share Based Compensation	$244.0M	—	—	—	—	—	—	—	—	—
Expenses Restructuring and Asset Impairment	$88.0M	—	—	—	—	—	—	—	—	—
Other Income Expense Gross Profit	$8.2B 10.2%	$7.4B 7.9%	$6.9B 6.0%	$6.5B -4.3%	$6.8B -1.3%	$6.9B 0.5%	$6.8B -4.8%	$7.2B 9.7%	$6.5B 0.0%	$6.5B
Other Income Expense Operating Income	$2.3B	—	—	—	—	—	—	—	—	—
Other Income Expense Interest Expense	$215.0M 321.6%	$51.0M -39.3%	$84.0M -42.9%	$147.0M -18.3%	$180.0M -24.4%	$238.0M -19.0%	$294.0M -10.6%	$329.0M 63.7%	$201.0M 12.9%	$178.0M
Other Income Expense Other Income/expense	$41.0M	—	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	$2.1B	—	—	—	—	—	—	—	—	—
Income Tax Income Tax Expense	$532.0M	—	—	—	—	—	—	—	—	—
net Income net Income	$1.6B	—	—	—	—	—	—	—	—	—
net Income Comprehensive Income	$1.6B	—	—	—	—	—	—	—	—	—
Earnings Per Share Basic Eps	$6	—	—	—	—	—	—	—	—	—
Earnings Per Share Diluted Eps	$6	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Basic	$241.0M	—	—	—	—	—	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	$242.0M	—	—	—	—	—	—	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 10 years

Operating cash flow $2.4B

Investing cash flow $-5.6B

Financing cash flow $1.9B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	$1.6B 83.2%	$852.0M 158.2%	$330.0M 135.2%	$-938.0M -253.5%	$611.0M 116.5%	$-3.7B -371.2%	$1.4B 432.4%	$256.0M -80.1%	$1.3B -9.7%	$1.4B
Operating Activities Depreciation and Amortization	$488.0M 3.8%	$470.0M 6.6%	$441.0M 7.0%	$412.0M 9.3%	$377.0M -6.9%	$405.0M -11.0%	$455.0M 2.0%	$446.0M 42.0%	$314.0M 13.4%	$277.0M
Operating Activities Stock Based Compensation	$244.0M	—	—	—	—	—	—	—	—	—
Operating Activities Deferred Income Taxes	$243.0M 333.7%	$-104.0M -160.0%	$-40.0M -385.7%	$14.0M -97.2%	$496.0M 151.6%	$-961.0M -1057.8%	$-83.0M 91.8%	$-1.0B -447.8%	$291.0M 234.5%	$87.0M
Operating Activities Changes In Operating Assets and Liabilities	$4.5B 950.3%	$433.0M -56.6%	$997.0M 477.7%	$-264.0M 41.6%	$-452.0M 93.1%	$-6.5B -3293.8%	$-193.0M 53.5%	$-415.0M -184.2%	$493.0M 235.4%	$147.0M
Operating Activities net Cash From Operating Activities	$2.4B -36.3%	$3.8B 32.3%	$2.8B -10.4%	$3.2B 30.7%	$2.4B 23.9%	$2.0B -28.0%	$2.7B -1.7%	$2.8B 133.8%	$1.2B -60.1%	$3.0B
Investing Activities Capital Expenditures	$547.0M	—	—	—	—	—	—	—	—	—
Investing Activities Business Acquisitions	$5.2B	—	—	—	—	—	—	—	—	—
Investing Activities Other Investing Activities	$2.0M -94.1%	$34.0M 17.2%	$29.0M -59.2%	$71.0M	$0	$0	—	—	—	—
Investing Activities net Cash From Investing Activities	$-5.6B -202.5%	$-1.8B -307.3%	$-454.0M -180.1%	$567.0M 250.0%	$-378.0M -176.7%	$493.0M 45.9%	$338.0M 106.0%	$-5.6B -1284.7%	$-405.0M 90.1%	$-4.1B
Financing Activities Proceeds From Debt	$2.9B	—	—	—	—	—	—	—	—	—
Financing Activities Repayment of Debt	$445.0M	—	—	—	—	—	—	—	—	—
Financing Activities Repurchase of Common Stock	$765.0M	—	—	—	—	—	—	—	—	—
Financing Activities Dividends Paid	$494.0M	—	—	—	—	—	—	—	—	—
Financing Activities Other Financing Activities	$12.0M	$0	$0	$0 100.0%	$-18.0M 83.9%	$-112.0M	$0	$0 100.0%	$-14.0M	$0
Financing Activities net Cash From Financing Activities	$1.9B 329.0%	$-847.0M 72.2%	$-3.1B -23.9%	$-2.5B -87.0%	$-1.3B 40.1%	$-2.2B 4.1%	$-2.3B -0.7%	$-2.3B -160.8%	$3.7B 428.9%	$-1.1B
Cash Reconciliation Effect of Exchange Rate On Cash	$-3.0M	—	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	$-1.3B	—	—	—	—	—	—	—	—	—
Cash Reconciliation Cash At Beginning of Period	$3.9B	—	—	—	—	—	—	—	—	—
Cash Reconciliation Cash At End of Period	$3.9B	—	—	—	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+3.7%	+3.3%	+3.4%	+3.6%	+4.2%	+4.5%	+4.7%	+5.2%	+5.0%	+5.4%
Operating margin	+1.0%	+0.5%	+0.4%	-0.3%	+0.3%	-2.7%	+1.4%	+0.1%	+1.6%	+2.0%
Net margin	+0.7%	+0.4%	+0.2%	-0.5%	+0.4%	-2.4%	+0.9%	+0.2%	+1.0%	+1.2%
FCF margin	+0.8%	+1.4%	+1.2%	+1.5%	+1.2%	+1.0%	+1.6%	+1.7%	+0.6%	+2.1%
Growth
Revenue CAGR (3y)	+7.1%	+11.8%	+10.3%	+7.6%	+5.9%	+5.6%	+6.2%	+10.1%	+12.6%	+6.3%
Returns
ROE	-56.1%	-26.5%	-11.2%	+132.3%	+34.1%	-206.6%	+21.5%	+4.2%	+18.9%	+21.8%
ROA	+2.9%	+1.9%	+0.8%	-2.1%	+1.4%	-9.1%	+3.3%	+0.6%	+3.2%	+4.2%
ROIC	+90.8%	-44.1%	-48.8%	-129.4%	+8.6%	-70.6%	+16.8%	+0.9%	+18.2%	+23.8%
Liquidity
Current ratio	0.94x	0.98x	1.00x	1.08x	1.12x	1.10x	1.07x	1.07x	1.34x	1.11x
Quick ratio	0.44x	0.48x	0.45x	0.50x	0.45x	0.47x	0.46x	0.42x	0.70x	0.50x
Leverage
D/E	-19.10x	-14.04x	-14.65x	-61.89x	24.82x	22.79x	6.47x	6.59x	5.89x	5.21x
Interest coverage	10.58x	24.37x	8.95x	-4.13x	2.62x	-17.22x	7.01x	0.38x	10.55x	13.81x
Efficiency
Asset turnover	4.19x	5.03x	4.73x	4.13x	3.65x	3.75x	3.55x	3.42x	3.24x	3.56x
Cash conversion cycle	-9d	-9d	-6d	-3d	-1d	-1d	-2d	+0d	+3d	+1d

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Cardinal Health

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