Cardinal Health, Inc. financials
2026-03-31) isn't incorporated yet —
this page is anchored to 2025-12-31 (Q2 2026 · 10-Q). New filings land within a few weekday pipeline runs.
Source: EDGAR filings · Built 2026-06-02T02:33:19Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.80B | 3.21B | 2.33B | 2.77B | 2.01B | 1.58B |
| EBITDA | 3.06B | 1.95B | 1.44B | 85.00M | 1.25B | -3.19B |
| Working Capital | -2.52B | -756.00M | -3.00M | 2.38B | 3.42B | 2.33B |
| Net Debt | 5.47B | 592.00M | 1.10B | 1.09B | 3.31B | 4.51B |
| Gross Margin | 3.67% | 3.27% | 3.35% | 3.58% | 4.17% | 4.49% |
| Operating Margin | 1.02% | 0.55% | 0.37% | -0.33% | 0.29% | -2.68% |
| Net Margin | 0.70% | 0.38% | 0.16% | -0.52% | 0.38% | -2.42% |
| Return on Equity (ROE) | -56.13% | -26.52% | -11.16% | 132.30% | 34.12% | -206.60% |
| Return on Assets (ROA) | 2.94% | 1.89% | 0.76% | -2.14% | 1.37% | -9.07% |
| Current Ratio | 0.94× | 0.98× | 1.00× | 1.08× | 1.12× | 1.10× |
| Debt-to-Equity | -3.36× | -1.78× | -1.75× | -8.19× | 3.75× | 4.07× |
| Effective Tax Rate | 25.32% | 28.98% | 50.08% | -19.52% | -89.47% | 2.09% |
| Cash Conversion Ratio | 1.54× | 4.42× | 8.62× | -3.38× | 3.98× | -0.53× |
| Accruals Ratio | -0.02× | -0.06× | -0.06× | -0.09× | -0.04× | -0.14× |
| SBC % of Revenue | 0.11% | 0.05% | 0.05% | 0.04% | 0.05% | 0.06% |
| CapEx Coverage | 4.00× | 6.88× | 5.55× | 7.78× | 5.85× | 5.13× |
| Free Cash Flow Per Share | $7.43 | $13.02 | $8.90 | $9.92 | $6.85 | $5.39 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 26.05× | 28.50× | 75.06× | — | 27.45× | — |
| P/FCF | 22.62× | 7.55× | 10.62× | 5.27× | 8.33× | 9.69× |
| FCF Yield | 4.42% | 13.24% | 9.41% | 18.97% | 12.00% | 10.32% |
| EV / EBITDA | 16.64× | 16.77× | 22.18× | 213.89× | 17.51× | — |
| P/S | 0.20× | 0.14× | 0.15× | 0.09× | 0.11× | 0.11× |
| P/B | — | — | — | — | 10.42× | 9.54× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 222.58B | 226.83B | 204.98B | 181.33B | 162.47B | 152.92B |
| Cost of Goods and Services Sold | 214.41B | 219.41B | 198.10B | 174.84B | 155.69B | 146.05B |
| Gross Profit | 8.17B | 7.41B | 6.87B | 6.48B | 6.78B | 6.87B |
| Selling, General and Administrative Expense | 5.38B | 5.00B | 4.80B | 4.51B | 4.53B | 4.57B |
| Operating Income (Loss) | 2.27B | 1.24B | 752.00M | -607.00M | 472.00M | -4.10B |
| Income Tax Expense (Benefit) | 532.00M | 348.00M | 332.00M | 153.00M | -289.00M | -79.00M |
| Net Income (Loss) Attributable to Parent | 1.56B | 852.00M | 330.00M | -938.00M | 611.00M | -3.70B |
| Earnings Per Share, Basic | $6.48 | $3.48 | $1.27 | $-3.37 | $2.09 | $-12.61 |
| Weighted Average Number of Shares Outstanding, Basic | 241.00M | 245.00M | 261.00M | 279.00M | 292.00M | 293.00M |
| Earnings Per Share, Diluted | $6.45 | $3.45 | $1.26 | $-3.37 | $2.08 | $-12.61 |
| Weighted Average Number of Shares Outstanding, Diluted | 242.00M | 247.00M | 262.00M | 279.00M | 294.00M | 293.00M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 3.87B | 5.13B | 4.08B | 4.72B | 3.41B | 2.77B |
| Assets, Current | 36.37B | 34.88B | 33.74B | 32.94B | 31.05B | 25.94B |
| Assets | 53.12B | 45.12B | 43.35B | 43.88B | 44.45B | 40.77B |
| Liabilities, Current | 38.90B | 35.64B | 33.74B | 30.55B | 27.62B | 23.61B |
| Stockholders' Equity Attributable to Parent | -2.78B | -3.21B | -2.96B | -709.00M | 1.79B | 1.79B |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.40B | 3.76B | 2.84B | 3.17B | 2.43B | 1.96B |
| Payments to Acquire Property, Plant, and Equipment | 547.00M | 511.00M | 481.00M | 387.00M | 400.00M | 375.00M |
| Net Cash Provided by (Used in) Investing Activities | -5.59B | -1.85B | -454.00M | 567.00M | -378.00M | 493.00M |
| Payments for Repurchase of Common Stock | 765.00M | 750.00M | 2.00B | 1.00B | 200.00M | 350.00M |
| Net Cash Provided by (Used in) Financing Activities | 1.94B | -847.00M | -3.05B | -2.46B | -1.32B | -2.20B |
Derived Metrics
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.42B | 865.00M | 1.29B | 555.00M | -2.23B | -1.74B |
| EBITDA | 941.00M | 901.00M | 637.00M | — | 741.00M | 750.00M |
| Working Capital | -4.08B | -1.73B | -2.52B | -2.07B | 533.00M | -1.77B |
| Net Debt | 6.25B | 4.44B | 5.47B | 4.35B | 3.80B | 2.33B |
| Gross Margin | 3.65% | 3.62% | 3.66% | 3.87% | 3.51% | 3.64% |
| Operating Margin | 1.08% | 1.04% | 0.71% | 1.33% | 0.99% | 1.09% |
| Net Margin | 0.71% | 0.70% | 0.40% | 0.92% | 0.72% | 0.80% |
| Return on Equity (ROE) | -16.19% | -15.63% | -8.59% | -17.16% | -13.37% | -12.69% |
| Return on Assets (ROA) | 0.80% | 0.81% | 0.45% | 1.01% | 0.85% | 0.97% |
| Current Ratio | 0.91× | 0.96× | 0.94× | 0.94× | 1.02× | 0.95× |
| Debt-to-Equity | -3.13× | -3.14× | -3.36× | -2.60× | -2.54× | -1.59× |
| Effective Tax Rate | 25.24% | 24.08% | 36.72% | 23.61% | 21.53% | 22.92% |
| Cash Conversion Ratio | 3.55× | 2.16× | 6.39× | 1.72× | -5.11× | -3.96× |
| Accruals Ratio | -0.02× | -0.01× | -0.02× | -0.01× | 0.05× | 0.05× |
| SBC % of Revenue | 0.27% | 0.15% | 0.25% | 0.17% | 0.11% | 0.06% |
| CapEx Coverage | 6.94× | 9.01× | 6.58× | 2.76× | -10.81× | -18.30× |
| Free Cash Flow Per Share | $5.99 | $3.62 | $5.35 | $2.30 | $-9.19 | $-7.09 |
Valuation Metrics
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| P/S | 0.23× | 0.18× | 0.20× | 0.17× | 0.14× | 0.16× |
Income Statement
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Revenues | 65.63B | 64.01B | 60.16B | 54.88B | 55.26B | 52.28B |
| Cost of Goods and Services Sold | 63.23B | 61.69B | 57.96B | 52.76B | 53.32B | 50.38B |
| Gross Profit | 2.40B | 2.32B | 2.20B | 2.12B | 1.94B | 1.90B |
| Selling, General and Administrative Expense | 1.50B | 1.46B | 1.48B | 1.31B | 1.31B | 1.28B |
| Operating Income (Loss) | 707.00M | 668.00M | 428.00M | 730.00M | 549.00M | 568.00M |
| Income Tax Expense (Benefit) | 159.00M | 144.00M | 141.00M | 157.00M | 110.00M | 124.00M |
| Net Income (Loss) Attributable to Parent | 467.00M | 450.00M | 239.00M | 506.00M | 400.00M | 416.00M |
| Earnings Per Share, Basic | — | $1.89 | — | — | — | $1.71 |
| Weighted Average Number of Shares Outstanding, Basic | 236.00M | 238.00M | 241.00M | 240.00M | 242.00M | 243.00M |
| Earnings Per Share, Diluted | — | $1.88 | — | — | — | $1.70 |
| Weighted Average Number of Shares Outstanding, Diluted | 237.00M | 239.00M | 242.00M | 241.00M | 243.00M | 245.00M |
Balance Sheet
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.78B | 4.59B | 3.87B | 3.33B | 3.81B | 2.87B |
| Assets, Current | 39.23B | 38.54B | 36.37B | 34.59B | 35.76B | 32.91B |
| Assets | 58.08B | 55.23B | 53.12B | 49.87B | 47.00B | 43.06B |
| Liabilities, Current | 43.31B | 40.27B | 38.90B | 36.66B | 35.22B | 34.68B |
| Stockholders' Equity Attributable to Parent | -2.88B | -2.88B | -2.78B | -2.95B | -2.99B | -3.28B |
Cash Flow Statement
| Concept | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.66B | 973.00M | 1.53B | 870.00M | -2.04B | -1.65B |
| Payments to Acquire Property, Plant, and Equipment | 239.00M | 108.00M | 232.00M | 315.00M | 189.00M | 90.00M |
| Net Cash Provided by (Used in) Investing Activities | -2.12B | -142.00M | -1.63B | -3.96B | -1.06B | -88.00M |
| Payments for Repurchase of Common Stock | 758.00M | 375.00M | 0 | 765.00M | 390.00M | 375.00M |
| Net Cash Provided by (Used in) Financing Activities | -629.00M | -110.00M | 656.00M | 1.28B | 1.79B | -540.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CAH CIK 0000721371),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.