Cardinal Health

Health Care Health Care Distributors Dublin, Ohio Last filing Aug 11, 2026 · FY2026

                    Revenue
                    FY2026
                
$254.2B
                    3y CAGR +7.4%
                    
                    P40
                    
                    +14.2%
                    
                    Net income
                    FY2026
                
$1.7B
                    Net margin +0.7%
                    
                    P20
                    
                    +9.8%
                    
                    Total assets
                    FY2026
                
$57.3B
                    ROA +3.0%
                    
                    P20
                    
                    +7.9%
                    
                    Operating cash flow
                    FY2026
                
$5.2B
                    FCF margin +1.8%
                    
                    P40
                    
                    +115.9%

18 yrs · FY2009–FY2026 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

24 accounts · 5 years

Total assets $57.3B

Total liabilities ~$60.2B

Shareholders equity $-2.9B

Account	2026	2025	2024	2023	2022
Assets
Cash and Cash Equivalents	$4.9B 25.3%	$3.9B -24.5%	$5.1B 27.0%	$4.0B -14.3%	$4.7B
Accounts Receivable	$13.8B 4.3%	$13.2B 9.6%	$12.1B 6.5%	$11.3B 7.4%	$10.6B
Inventory	$17.3B 2.8%	$16.8B 12.5%	$15.0B -6.2%	$15.9B 1.9%	$15.6B
Prepaid Expenses	$2.8B 14.5%	$2.4B -9.4%	$2.7B 12.7%	$2.4B 16.9%	$2.0B
Other Current Assets	$21.0M 75.0%	$12.0M -74.5%	$47.0M -67.4%	$144.0M	$0
Total Current Assets	$38.8B 6.5%	$36.4B 4.3%	$34.9B 3.1%	$33.8B 2.7%	$32.9B
Property,Plant and Equipment	$3.0B 6.1%	$2.9B 13.0%	$2.5B 2.7%	$2.5B 4.3%	$2.4B
Intangible Assets	$13.6B 11.9%	$12.2B 88.8%	$6.5B 6.1%	$6.1B -20.3%	$7.6B
Other Noncurrent Assets	$1.9B 9.9%	$1.7B 36.2%	$1.3B 20.8%	$1.0B 9.2%	$953.0M
Total Assets	$57.3B 7.9%	$53.1B 17.7%	$45.1B 3.9%	$43.4B -1.1%	$43.9B
Liabilities
Accounts Payable	$38.3B 10.3%	$34.7B 9.3%	$31.8B 6.5%	$29.8B 9.9%	$27.1B
Accrued Liabilities	$3.7B 2.9%	$3.6B 5.4%	$3.4B 12.7%	$3.1B 7.6%	$2.8B
Current Portion of Long Term Debt	$1.9B 242.2%	$550.0M 26.7%	$434.0M -45.2%	$792.0M 36.6%	$580.0M
Total Current Liabilities	$43.9B 12.9%	$38.9B 9.1%	$35.6B 5.7%	$33.7B 10.3%	$30.6B
Long Term Debt	$7.0B -12.2%	$8.0B 71.3%	$4.7B 19.2%	$3.9B -17.4%	$4.7B
Other Noncurrent Liabilities	$9.1B 2.6%	$8.9B 10.5%	$8.0B -7.1%	$8.7B -6.9%	$9.3B
Equity
Preferred Stock	$0	$0	$0	$0	$0
Common Stock	$2.9B -2.3%	$3.0B 1.3%	$2.9B 6.2%	$2.7B -2.3%	$2.8B
Retained Earnings	$2.0B 156.6%	$783.0M 373.8%	$-286.0M 46.4%	$-534.0M -90.7%	$-280.0M
Treasury Stock	$7.6B 19.6%	$6.4B 12.1%	$5.7B 15.5%	$4.9B 57.1%	$3.1B
Accumulated Other Comprehensive Income	$-165.0M -6.5%	$-155.0M 7.2%	$-167.0M -10.6%	$-151.0M -32.5%	$-114.0M
Total Stockholders Equity	$-2.9B -3.7%	$-2.8B 13.4%	$-3.2B -12.7%	$-2.9B -302.3%	$-709.0M
Noncontrolling Interest	$159.0M 8.2%	$147.0M 14600.0%	$1.0M 0.0%	$1.0M -66.7%	$3.0M
Total Liabilitiesand Equity	$57.3B 7.9%	$53.1B 17.7%	$45.1B 3.9%	$43.4B -1.1%	$43.9B

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $254.2B

Operating income $2.6B

Net income $1.7B

Account	2026	2025	2024	2023	2022
IncomeStatement
Revenues Total Revenue	$254.2B 14.2%	$222.6B -1.9%	$226.8B 10.6%	$205.0B 13.0%	$181.4B
Expenses Cost of Revenue	$244.5B 14.0%	$214.4B -2.3%	$219.4B 10.7%	$198.1B 13.3%	$174.8B
Other Income Expense Gross Profit	$9.8B 19.7%	$8.2B 10.2%	$7.4B 7.6%	$6.9B 5.3%	$6.5B
Expenses Selling,General and Administrative	$6.1B 13.9%	$5.4B 7.6%	$5.0B 3.4%	$4.8B 6.1%	$4.6B
Expenses Depreciation and Amortization	$469.0M 1.1%	$464.0M 63.4%	$284.0M -0.4%	$285.0M -12.0%	$324.0M
Expenses Restructuring and Asset Impairment	$283.0M 167.0%	$106.0M -86.9%	$809.0M -39.9%	$1.3B -37.5%	$2.2B
Expenses Other Operating Expenses	$277.0M 569.5%	$-59.0M -175.6%	$78.0M 125.8%	$-302.0M -377.1%	$109.0M
Other Income Expense Operating Income	$2.6B 14.9%	$2.3B 83.0%	$1.2B 71.0%	$727.0M 222.0%	$-596.0M
Other Income Expense Interest Expense	$348.0M 61.9%	$215.0M 321.6%	$51.0M -45.2%	$93.0M -37.6%	$149.0M
Other Income Expense Other Income/expense	$-91.0M -322.0%	$41.0M 355.6%	$9.0M 125.0%	$4.0M 116.7%	$-24.0M
Other Income Expense Income Before Tax	$2.2B 3.5%	$2.1B 74.9%	$1.2B 88.2%	$638.0M 183.0%	$-769.0M
Income Tax Income Tax Expense	$469.0M -11.8%	$532.0M 52.9%	$348.0M -7.4%	$376.0M 130.7%	$163.0M
net Income Other Items Below Tax	$9.0M 212.5%	$-8.0M -700.0%	$-1.0M 0.0%	$-1.0M 0.0%	$-1.0M
net Income net Income	$1.7B 9.8%	$1.6B 83.2%	$852.0M 226.4%	$261.0M 128.0%	$-933.0M
net Income Comprehensive Income	$1.7B 8.3%	$1.6B 88.2%	$836.0M 273.2%	$224.0M 122.1%	$-1.0B
Earnings Per Share Basic Eps	$7 12.2%	$6 86.2%	$3 248.0%	$1 129.9%	$-3
Earnings Per Share Diluted Eps	$7 12.1%	$6 87.0%	$3 245.0%	$1 129.9%	$-3
Earnings Per Share Weighted Average Shares Diluted	$237.0M -2.1%	$242.0M -2.0%	$247.0M -5.7%	$262.0M -6.1%	$279.0M

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $5.2B

Investing cash flow $-2.6B

Financing cash flow $-1.6B

Account	2026	2025	2024	2023	2022
CashFlow
Operating Activities net Income	$1.7B 8.7%	$1.6B 83.9%	$853.0M 157.7%	$331.0M 135.3%	$-937.0M
Operating Activities Depreciation and Amortization	$956.0M 21.0%	$790.0M 11.3%	$710.0M 2.6%	$692.0M 0.0%	$692.0M
Operating Activities Stock Based Compensation	$367.0M 50.4%	$244.0M 101.7%	$121.0M 26.0%	$96.0M 18.5%	$81.0M
Operating Activities Deferred Income Taxes	$91.0M -62.6%	$243.0M 333.7%	$-104.0M -160.0%	$-40.0M -385.7%	$14.0M
Operating Activities Changes In Operating Assets and Liabilities	$1.7B 438.5%	$-504.0M -133.4%	$1.5B 230.4%	$457.0M -62.2%	$1.2B
Operating Activities Other Non Cash Items	$349.0M 534.5%	$55.0M -91.8%	$672.0M -48.6%	$1.3B -38.2%	$2.1B
Operating Activities net Cash From Operating Activities	$5.2B 115.9%	$2.4B -36.3%	$3.8B 32.3%	$2.8B -10.4%	$3.2B
Investing Activities Capital Expenditures	$-649.0M -18.6%	$-547.0M -7.0%	$-511.0M -6.2%	$-481.0M -24.3%	$-387.0M
Investing Activities Business Acquisitions	$-2.0B 62.1%	$-5.2B -341.2%	$-1.2B -11800.0%	$-10.0M -101.1%	$901.0M
Investing Activities Purchases of Investments	$0	$0 100.0%	$-550.0M	$0 100.0%	$-78.0M
Investing Activities Proceeds From Sale of Investments	$41.0M -80.9%	$215.0M -38.7%	$351.0M	$0 -100.0%	$29.0M
Investing Activities Other Investing Activities	$15.0M 236.4%	$-11.0M -121.6%	$51.0M 37.8%	$37.0M -63.7%	$102.0M
Investing Activities net Cash From Investing Activities	$-2.6B 53.8%	$-5.6B -202.5%	$-1.8B -307.3%	$-454.0M -180.1%	$567.0M
Financing Activities Proceeds From Debt	$990.0M -73.0%	$3.7B 222.1%	$1.1B	$0	$0
Financing Activities Repayment of Debt	$-653.0M -46.7%	$-445.0M 43.2%	$-783.0M -35.2%	$-579.0M 34.6%	$-885.0M
Financing Activities Repurchase of Common Stock	$-1.4B -77.5%	$-765.0M -2.0%	$-750.0M 62.5%	$-2.0B -100.0%	$-1.0B
Financing Activities Dividends Paid	$-491.0M 0.6%	$-494.0M 1.0%	$-499.0M 5.0%	$-525.0M 6.1%	$-559.0M
Financing Activities Tax Withholding On Stock Based Compensation	$-79.0M -507.7%	$-13.0M -128.3%	$46.0M -17.9%	$56.0M 394.7%	$-19.0M
Financing Activities Other Financing Activities	$-11.0M 8.3%	$-12.0M	$0 100.0%	$-3.0M	$0
Financing Activities net Cash From Financing Activities	$-1.6B -182.6%	$1.9B 329.0%	$-847.0M 72.2%	$-3.1B -23.9%	$-2.5B
Cash Reconciliation Effect of Exchange Rate On Cash	$-6.0M -100.0%	$-3.0M 66.7%	$-9.0M -12.5%	$-8.0M 68.0%	$-25.0M
Cash Reconciliation net Change In Cash	$982.0M 178.0%	$-1.3B -219.1%	$1.1B 258.0%	$-669.0M -149.1%	$1.4B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2026	2025	2024	2023	2022
Profitability
Gross margin	+3.8%	+3.7%	+3.3%	+3.4%	+3.6%
Operating margin	+1.0%	+1.0%	+0.5%	+0.4%	-0.3%
Net margin	+0.7%	+0.7%	+0.4%	+0.1%	-0.5%
FCF margin	+1.8%	+0.8%	+1.4%	+1.2%	+1.5%
Growth
Revenue CAGR (3y)	+7.4%	+7.1%	+11.8%	+10.3%	+7.6%
Returns
ROE	-59.5%	-56.1%	-26.5%	-9.2%	+131.6%
ROA	+3.0%	+2.9%	+1.9%	+0.6%	-2.1%
ROIC	+178.7%	+90.8%	-27.1%	-13.6%	+536.9%
Liquidity
Current ratio	0.88x	0.94x	0.98x	1.00x	1.08x
Quick ratio	0.43x	0.44x	0.48x	0.46x	0.50x
Leverage
D/E	-20.87x	-20.10x	-15.04x	-16.22x	-62.89x
Interest coverage	7.51x	10.58x	24.37x	7.82x	-4.00x
Efficiency
Asset turnover	4.44x	4.19x	5.03x	4.72x	4.13x
Cash conversion cycle	-11d	-9d	-9d	-5d	-3d

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