Cencora

Health Care Health Care Distributors Conshohocken, Pennsylvania Last filing Nov 25, 2025 · FY2025

                    Revenue
                    FY2025
                
$321.3B
                    3y CAGR +10.4%
                    
                    P76
                    
                    +9.3%
                    
                    Net income
                    FY2025
                
$1.6B
                    Net margin +0.5%
                    
                    P12
                    
                    +3.0%
                    
                    Total assets
                    FY2025
                
$76.6B
                    ROA +2.0%
                    
                    P12
                    
                    +14.1%
                    
                    Operating cash flow
                    FY2025
                
$3.9B
                    FCF margin +1.0%
                    
                    P8
                    
                    +11.2%

19 yrs · FY2007–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

27 accounts · 5 years

Total assets $76.6B

Total liabilities ~$75.1B

Shareholders equity $1.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$4.4B 39.1%	$3.1B 20.9%	$2.6B -23.5%	$3.4B 33.0%	$2.5B
Accounts Receivable	$25.2B 5.7%	$23.9B 14.2%	$20.9B 13.3%	$18.5B 1.6%	$18.2B
Inventory	$20.5B 7.9%	$19.0B 8.8%	$17.5B 12.2%	$15.6B 1.2%	$15.4B
Prepaid Expenses	$539.3M 0.1%	$538.6M 20.0%	$448.9M -8.0%	$487.9M -42.8%	$853.6M
Other Current Assets	$1.6B 38.3%	$1.2B -15.5%	$1.4B -18.3%	$1.7B -8.7%	$1.9B
Total Current Assets	$52.2B 9.5%	$47.7B 11.5%	$42.8B 8.1%	$39.6B 2.0%	$38.8B
Property,Plant and Equipment	$2.5B 16.4%	$2.2B 2.2%	$2.1B 0.0%	$2.1B -1.3%	$2.2B
Goodwill	$13.7B 46.8%	$9.3B -2.7%	$9.6B 12.6%	$8.5B -5.8%	$9.0B
Intangible Assets	$3.8B -5.7%	$4.0B -9.7%	$4.4B 2.3%	$4.3B -17.6%	$5.3B
Deferred Tax Assets	$208.8M -15.2%	$246.3M 22.8%	$200.7M -15.5%	$237.6M -18.3%	$290.8M
Other Noncurrent Assets	$4.2B 14.2%	$3.6B 6.4%	$3.4B 94.0%	$1.8B -1.8%	$1.8B
Total Assets	$76.6B 14.1%	$67.1B 7.3%	$62.6B 10.6%	$56.6B -1.4%	$57.3B
Liabilities
Accounts Payable	$54.7B 7.4%	$50.9B 11.1%	$45.8B 14.0%	$40.2B 5.7%	$38.0B
Accrued Liabilities	$3.0B 8.1%	$2.8B 17.2%	$2.4B 6.3%	$2.2B -22.5%	$2.9B
Current Portion of Long Term Debt	$117.8M -79.6%	$576.3M -10.1%	$641.3M -40.1%	$1.1B 256.6%	$300.2M
Total Current Liabilities	$57.8B 6.5%	$54.3B 11.2%	$48.8B 12.3%	$43.5B 5.1%	$41.4B
Long Term Debt	$7.5B 97.9%	$3.8B -8.1%	$4.1B -10.5%	$4.6B -27.4%	$6.4B
Deferred Tax Liabilities	$1.6B -1.4%	$1.6B -0.9%	$1.7B 2.3%	$1.6B -3.8%	$1.7B
Other Noncurrent Liabilities	$7.9B 19.4%	$6.6B -9.3%	$7.3B 7.4%	$6.8B -7.7%	$7.3B
Equity
Common Stock	$3.0M 0.4%	$3.0M 0.5%	$2.9M 0.7%	$2.9M 0.7%	$2.9M
Additional Paid In Capital	$6.2B 2.9%	$6.0B 3.2%	$5.8B 3.3%	$5.7B 3.5%	$5.5B
Retained Earnings	$6.5B 20.6%	$5.4B 25.3%	$4.3B 45.2%	$3.0B 78.2%	$1.7B
Treasury Stock	$10.3B 5.3%	$9.8B 19.0%	$8.2B 17.5%	$7.0B 8.5%	$6.5B
Accumulated Other Comprehensive Income	$-901.4M 8.9%	$-989.1M 29.5%	$-1.4B 23.4%	$-1.8B -311.0%	$-445.4M
Total Stockholders Equity	$1.5B 133.5%	$645.9M 23.7%	$522.0M 346.7%	$-211.6M -194.7%	$223.4M
Noncontrolling Interest	$239.1M 69.8%	$140.8M -2.4%	$144.3M -49.0%	$282.8M -21.7%	$361.1M
Total Liabilitiesand Equity	$76.6B 14.1%	$67.1B 7.3%	$62.6B 10.6%	$56.6B -1.4%	$57.3B

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $321.3B

Operating income $2.6B

Net income $1.6B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$321.3B 9.3%	$294.0B 12.1%	$262.2B 9.9%	$238.6B 11.5%	$214.0B
Expenses Cost of Revenue	$309.9B 9.1%	$284.0B 12.2%	$253.2B 10.0%	$230.3B 11.2%	$207.0B
Other Income Expense Gross Profit	$11.5B 15.8%	$9.9B 10.6%	$9.0B 8.0%	$8.3B 19.5%	$6.9B
Expenses Selling,General and Administrative	$6.5B 14.7%	$5.7B 6.6%	$5.3B 9.5%	$4.8B 34.9%	$3.6B
Expenses Depreciation and Amortization	$556.9M -16.1%	$663.5M 19.9%	$553.6M 80.1%	$307.3M 72.3%	$178.3M
Expenses Restructuring and Asset Impairment	$953.3M 46.3%	$651.6M 183.5%	$229.9M 64.9%	$139.4M 57.1%	$88.7M
Expenses Other Operating Expenses	$845.9M 11.5%	$758.6M 44.4%	$525.3M -17.2%	$634.3M -12.8%	$727.7M
Other Income Expense Operating Income	$2.6B 20.8%	$2.2B -7.1%	$2.3B -1.1%	$2.4B 0.5%	$2.4B
Other Income Expense Other Income/expense	$-370.3M -116.2%	$-171.3M 4.8%	$-179.9M 1.9%	$-183.3M -38.5%	$-132.3M
Other Income Expense Income Before Tax	$2.3B 12.7%	$2.0B -7.3%	$2.2B -1.0%	$2.2B -1.7%	$2.2B
Income Tax Income Tax Expense	$690.5M 42.5%	$484.7M 13.2%	$428.3M -17.1%	$516.5M -23.7%	$677.3M
net Income Other Items Below Tax	$-13.6M -34.4%	$-10.2M -179.8%	$12.7M -60.6%	$32.3M 790.3%	$-4.7M
net Income net Income	$1.6B 3.0%	$1.5B -13.5%	$1.7B 2.7%	$1.7B 10.3%	$1.5B
net Income Comprehensive Income	$1.6B -14.6%	$1.9B -11.5%	$2.2B 593.8%	$313.3M -74.0%	$1.2B
Earnings Per Share Basic Eps	$8 5.5%	$8 -11.8%	$9 5.8%	$8 9.0%	$7
Earnings Per Share Diluted Eps	$8 5.7%	$8 -11.7%	$9 6.1%	$8 8.8%	$7
Earnings Per Share Weighted Average Shares Diluted	$195.2M -2.5%	$200.3M -2.1%	$204.6M -3.1%	$211.2M 1.3%	$208.5M

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 5 years

Operating cash flow $3.9B

Investing cash flow $-5.0B

Financing cash flow $2.2B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$1.6B 3.2%	$1.5B -12.3%	$1.7B 4.0%	$1.7B 7.9%	$1.5B
Operating Activities Depreciation and Amortization	$1.1B -4.5%	$1.1B 14.1%	$980.8M 38.2%	$709.8M 37.9%	$514.8M
Operating Activities Stock Based Compensation	$148.0M 0.0%	$148.0M 18.8%	$124.6M 33.4%	$93.4M -6.2%	$99.6M
Operating Activities Deferred Income Taxes	$59.9M 158.5%	$-102.3M 13.9%	$-118.9M -160.6%	$196.2M -41.4%	$334.9M
Operating Activities Changes In Operating Assets and Liabilities	$98.7M -70.9%	$339.5M -63.5%	$928.9M 917.7%	$-113.6M -129.9%	$379.4M
Operating Activities Other Non Cash Items	$791.1M 71.5%	$461.3M 75.3%	$263.2M 74.5%	$150.8M 173.0%	$-206.6M
Operating Activities net Cash From Operating Activities	$3.9B 11.2%	$3.5B -10.9%	$3.9B 44.7%	$2.7B 1.4%	$2.7B
Investing Activities Capital Expenditures	$-668.0M -37.1%	$-487.2M -6.3%	$-458.4M 7.6%	$-496.3M -13.3%	$-438.2M
Investing Activities Business Acquisitions	$-4.1B -5770.1%	$-69.8M 95.1%	$-1.4B -1115.9%	$138.8M 102.5%	$-5.6B
Investing Activities Purchases of Investments	$-34.8M 30.4%	$-50.0M	$0	$0	—
Investing Activities Other Investing Activities	$-178.9M -1503.9%	$-11.2M 98.5%	$-734.3M -6642.0%	$-10.9M 92.2%	$-140.3M
Investing Activities net Cash From Investing Activities	$-5.0B -705.3%	$-618.1M 76.2%	$-2.6B -606.4%	$-368.4M 94.0%	$-6.1B
Financing Activities Proceeds From Debt	$136.6B 94.1%	$70.4B -10.2%	$78.4B 1471.4%	$5.0B -38.7%	$8.1B
Financing Activities Repayment of Debt	$-133.4B -88.5%	$-70.8B 10.4%	$-79.0B -1236.5%	$-5.9B 0.1%	$-5.9B
Financing Activities Repurchase of Common Stock	$-435.5M 70.8%	$-1.5B -26.3%	$-1.2B -144.1%	$-483.7M -488.8%	$-82.2M
Financing Activities Dividends Paid	$-437.1M -5.0%	$-416.2M -4.4%	$-398.8M -1.8%	$-391.7M -6.8%	$-366.6M
Financing Activities Proceeds From Stock Issuance	$29.1M -23.0%	$37.8M -38.1%	$61.2M -34.9%	$93.9M -52.7%	$198.8M
Financing Activities Tax Withholding On Stock Based Compensation	$-77.8M -22.5%	$-63.5M 10.9%	$-71.3M -87.2%	$-38.1M -61.7%	$-23.5M
Financing Activities Other Financing Activities	$-25.4M -105.3%	$-12.3M -31.2%	$-9.4M 7.0%	$-10.1M -202.3%	$9.9M
Financing Activities net Cash From Financing Activities	$2.2B 196.5%	$-2.3B -4.9%	$-2.2B -26.8%	$-1.8B -189.8%	$2.0B
Cash Reconciliation Effect of Exchange Rate On Cash	$-50.3M -635.0%	$9.4M -87.1%	$72.8M 225.8%	$-57.9M -1453.0%	$-3.7M
Cash Reconciliation net Change In Cash	$1.1B 101.2%	$545.0M 164.8%	$-840.6M -260.6%	$523.4M 134.3%	$-1.5B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+3.6%	+3.4%	+3.4%	+3.5%	+3.2%
Operating margin	+0.8%	+0.7%	+0.9%	+1.0%	+1.1%
Net margin	+0.5%	+0.5%	+0.7%	+0.7%	+0.7%
FCF margin	+1.0%	+1.0%	+1.3%	+0.9%	+1.0%
Growth
Revenue CAGR (3y)	+10.4%	+11.2%	+11.4%	+9.9%	+8.4%
Returns
ROE	+103.1%	+233.6%	+334.3%	-803.0%	+689.5%
ROA	+2.0%	+2.2%	+2.8%	+3.0%	+2.7%
ROIC	+37.9%	+86.7%	+69.1%	+85.9%	+37.5%
Liquidity
Current ratio	0.90x	0.88x	0.88x	0.91x	0.94x
Quick ratio	0.51x	0.50x	0.48x	0.50x	0.50x
Leverage
D/E	49.79x	102.88x	118.84x	-268.35x	255.71x
Interest coverage	—	—	—	—	—
Efficiency
Asset turnover	4.20x	4.38x	4.19x	4.22x	3.73x
Cash conversion cycle	-12d	-11d	-12d	-11d	-9d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Cencora

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history