Cardinal Health IncCardinal Health Inc
Cardinal Health Inc

Cardinal Health Inc

CAH
Health Care·Health Care Providers & Services

Cardinal Health, Inc. is a healthcare services and products company, which engages in the provision of customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices. It also provides medical products and pharmaceuticals and cost-effective solutions that enhance supply chain efficiency. The firm operates through the Pharmaceutical and Specialty Solutions Segment and Global Medical Products and Distribution Segment. The Pharmaceutical and Specialty Solutions Segment distributes branded and generic pharmaceutical, specialty pharmaceutical, and over-the-counter healthcare and consumer products in the United States. The Global Medical Products and Distribution Segment manufactures, sources, and distributes Cardinal Health brand medical, surgical, and laboratory products, which are sold in the United States, Canada, Europe, Asia, and other markets. The company was founded by Robert D. Walter in 1979 and is headquartered in Dublin, OH.

Ohio; U.S.A
Market cap
No dataNo data
Revenue
$254.2B+14.2% YoY
Net income
$1.7B+9.8% YoY
Free cash flow
$4.5B+144.6% YoY

Market

Listed stock
CAHPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$254.2B+14.2% YoY
Operating income
$2.6B+14.9% YoY
Net income
$1.7B+9.8% YoY
Free cash flow
$4.5B+144.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2022 $181.4B, 2023 $205B, 2024 $226.8B, 2025 $222.6B, 2026 $254.2B. Operating income: 2022 $-596M, 2023 $727M, 2024 $1.2B, 2025 $2.3B, 2026 $2.6B. Net income: 2022 $-933M, 2023 $261M, 2024 $852M, 2025 $1.6B, 2026 $1.7B. Free cash flow: 2022 $2.7B, 2023 $2.4B, 2024 $3.3B, 2025 $1.9B, 2026 $4.5B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
14.2%+1610 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2022-06-30 $-596M, 2023-06-30 $727M, 2024-06-30 $1.2B, 2025-06-30 $2.3B, 2026-06-30 $2.6B. Net income: 2022-06-30 $-933M, 2023-06-30 $261M, 2024-06-30 $852M, 2025-06-30 $1.6B, 2026-06-30 $1.7B. Free cash flow: 2022-06-30 $2.7B, 2023-06-30 $2.4B, 2024-06-30 $3.3B, 2025-06-30 $1.9B, 2026-06-30 $4.5B

Growth heatmap

2023202420252026CAGR
Revenue
+13.0%
+10.6%
-1.9%
+14.2%
+8.8%
Gross profit
+5.3%
+7.6%
+10.2%
+19.7%
+10.5%
Operating income
+222.0%
+71.0%
+83.0%
+14.9%
No data
Free cash flow
-13.8%
+37.9%
-43.1%
+144.6%
+13.4%

Earnings quality

Operating cash flow
$5.2B+115.9% YoY
Net income
$1.7B+9.8% YoY
Free cash flow
$4.5B+144.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2026-06-30 302%, 2025-06-30 154%, 2024-06-30 442%, 2023-06-30 1088%, 2022-06-30 -335%. Free cash flow: 2026-06-30 264%, 2025-06-30 119%, 2024-06-30 382%, 2023-06-30 903%, 2022-06-30 -293%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
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No data