Also trades as: 0JZU.L (LSE) · $vol 0M
MCK NYSE
McKesson Corporation
1W: -6.1%
1M: +12.9%
3M: +8.8%
YTD: +17.5%
1Y: +20.7%
3Y: +115.8%
5Y: +388.3%
$967.02
-25.85 (-2.60%)
Weekly Expected Move ±3.6%
$928
$965
$1001
$1037
$1073
Credit Risk of going bust: lower than 83% of companies Debt: 9.4% of company value Bonds: $249.8M held by 162 funds, 50 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $6.39 (down 99.3%), McKesson Corporation would be worth roughly what it owes.
Total debt $11.70B against a stock market value of $112.75B.
Distance to default 10.55 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $5.51B (short-term plus half of long-term), stock volatility 30.4%; Altman Z'' 0.74. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $6.39 (down 99.3%), McKesson Corporation would be worth roughly what it owes.
Total debt $11.70B against a stock market value of $112.75B.
Distance to default 10.55 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $5.51B (short-term plus half of long-term), stock volatility 30.4%; Altman Z'' 0.74. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Operating Cash Flow
$6.2B
+1.2% ▲
5Y CAGR: +6.3%
Capital Expenditures
$745M
+13.3% ▲
5Y CAGR: +3.1%
Free Cash Flow
$5.4B
+3.5% ▲
5Y CAGR: +6.8%
Dividends Paid
$381M
-10.4% ▼
Buybacks
$4.8B
-51.0% ▼
Net Change in Cash
-$2.0B
-244.5% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $1.3B | $3.7B | $3.2B | $3.5B | $4.8B |
| Depreciation & Amort. | $760M | $608M | $635M | $636M | $729M |
| Stock-Based Comp. | $161M | $162M | $0 | $0 | $0 |
| Change in Working Capital | $82M | $384M | -$64M | $1.2B | $162M |
| Other Non-Cash Items | $2.1B | $303M | $1.2B | $923M | $272M |
| Operating Cash Flow | $4.4B | $5.2B | $4.3B | $6.1B | $6.2B |
| — Investing Activities — | |||||
| Capital Expenditures | -$535M | -$558M | -$431M | -$537M | -$745M |
| Acquisitions (Net) | $572M | $210M | -$225M | $155M | -$2.6B |
| Investment Purchases | -$446M | $0 | $0 | $0 | $0 |
| Investment Sales | $446M | $866M | $0 | $0 | $0 |
| Other Investing | -$126M | -$1.1B | -$416M | -$351M | -$101M |
| Investing Cash Flow | -$89M | -$542M | -$1.1B | -$733M | -$3.4B |
| — Financing Activities — | |||||
| Net Debt Issuance | -$1.1B | -$277M | $56M | -$21M | $783M |
| Stock Repurchased | -$3.5B | -$3.6B | -$3.0B | -$3.1B | -$4.8B |
| Dividends Paid | -$277M | -$292M | -$314M | -$345M | -$381M |
| Other Financing | -$1.4B | -$324M | -$175M | -$554M | -$372M |
| Financing Cash Flow | -$6.3B | -$4.4B | -$3.3B | -$4.0B | -$4.6B |
| Net Change in Cash | -$2.5B | $744M | -$94M | $1.4B | -$2.0B |
| Cash End of Period | $3.9B | $4.7B | $4.6B | $6.0B | $4.0B |
| Free Cash Flow | $3.9B | $4.6B | $3.6B | $5.2B | $5.4B |