Overview
CARDINAL HEALTH INC
Latest 10-K: FY2026, filed Aug 11, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $254.25B
- 14.2%YoYup from FY2025
- TotalRevenue
- Gross profit
- $9.77B
- 19.7%YoYup from FY2025
- GrossProfit
- Operating income
- $2.61B
- 14.9%YoYup from FY2025
- OperatingIncome
- Net income
- $1.71B
- 9.8%YoYup from FY2025
- NetIncome
- Diluted EPS
- $7.23
- 12.1%YoYup from FY2025
- EPSDiluted
- Diluted shares
- 237.0M
- 2.1%YoYdown from FY2025
- WeightedAvgSharesDiluted
At a glance
Growth
- CARDINAL HEALTH INC reported revenue of $254.25B for fiscal 2026, up 14.2% from fiscal 2025.
- Revenue grew faster than the median S&P 500 member in 3 of the last 4 fiscal years.
Profitability
- Operating margin was 1.0% and net margin was 0.7%.
Per share
- Diluted EPS was $7.23, up 12.1% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $254.25B14.2%up | $222.58B1.9%down Benchmark median 6.4% | $226.83B10.7%up Benchmark median 4.5% | $204.98B13.0%up Benchmark median 4.8% | $181.33B11.6%up Benchmark median 10.3% | 8.8% |
| Gross Profit Median of 315 / 498 | $9.77B19.7%up | $8.17B10.2%up Benchmark median 6.8% | $7.41B7.9%up Benchmark median 5.5% | $6.87B6.0%up Benchmark median 5.2% | $6.48B4.3%down Benchmark median 8.3% | 10.8% |
| Operating Income Median of 373 / 498 | $2.61B14.9%up | $2.27B83.0%up Benchmark median 7.3% | $1.24B65.3%up Benchmark median 7.4% | $0.75Bn/m Benchmark median 4.9% | negative: -$0.61B228.6%down Benchmark median 7.5% | n/m |
| Net Income | $1.71B9.8%up | $1.56B83.2%up Benchmark median 4.8% | $0.85B158.2%up Benchmark median 5.7% | $0.33Bn/m Benchmark median 1.9% | negative: -$0.94B253.5%down Benchmark median 1.3% | n/m |
| EPS (Diluted) | $7.2312.1%up | $6.4587.0%up Benchmark median 6.2% | $3.45173.8%up Benchmark median 7.9% | $1.26n/m Benchmark median 1.9% | negative: -$3.37262.0%down Benchmark median 1.5% | n/m |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $57.30B7.9%up | $53.12B17.7%up Benchmark median 5.6% | $45.12B4.1%up Benchmark median 3.4% | $43.35B1.2%down Benchmark median 4.1% | $43.88B1.3%down Benchmark median 2.2% | 6.9% |
| Total Liabilities Median of 357 / 498 | — | — | — | — | — | — |
| Stockholders' Equity | negative: -$2.72Bn/m | negative: -$2.63Bn/m Benchmark median 6.8% | negative: -$3.21Bn/m Benchmark median 5.4% | negative: -$2.96Bn/m Benchmark median 7.3% | negative: -$0.88B154.3%down Benchmark median 2.5% | n/m |
| Cash & Equivalents | $4.86B25.3%up | $3.87B24.5%down Benchmark median 5.2% | $5.13B25.9%up Benchmark median 1.9% | $4.08B13.6%down Benchmark median 6.7% | $4.72B38.5%up Benchmark median -8.6% | 0.7% |
| Total Debt | $8.89B4.2%up | $8.53B67.5%up Benchmark median 2.1% | $5.09B8.3%up Benchmark median 0.2% | $4.70B11.6%down Benchmark median 0.3% | $5.32B14.8%down Benchmark median 0.1% | 13.7% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.17B115.9%up | $2.40B36.3%down Benchmark median 6.3% | $3.76B32.3%up Benchmark median 4.8% | $2.84B10.4%down Benchmark median 9.9% | $3.17B30.7%up Benchmark median -0.7% | 13.0% |
| Capital Expenditures | $649.00M18.6%up | $547.00M7.0%up Benchmark median 5.4% | $511.00M6.2%up Benchmark median 2.8% | $481.00M24.3%up Benchmark median 11.3% | $387.00M3.2%down Benchmark median 14.0% | 13.8% |
| Free Cash Flow Median of 378 / 498 | $4.53B144.6%up | $1.85B43.1%down Benchmark median 7.3% | $3.25B37.6%up Benchmark median 6.1% | $2.36B15.2%down Benchmark median 8.8% | $2.79B37.4%up Benchmark median -11.3% | 12.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2026Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.0%
Wall Street
on net earnings
FY2025 3.8%
8.0%
Value investor
on free cash flow
FY2025 4.6%
Gap +5.0 pts: Value-investor figure 5.0 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 32.9×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
5.9%
Wall Street
on EBITDA
FY2025 6.8%
4.3%
Value investor
on EBIT
FY2025 5.0%
Gap −1.6 pts: Value-investor figure 1.6 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 16.9×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
n/m
Wall Street
on book equity
FY2025 n/m
n/m
Value investor
on tangible book
FY2025 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
n/m
Wall Street
ROE: net income ÷ equity
FY2025 n/m
19.6%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2025 15.7%
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
1.4%
Wall Street
EBITDA margin
FY2025 1.4%
1.8%
Value investor
Free-cash-flow margin
FY2025 0.8%
Gap +0.4 pts: Value-investor figure 0.4 points higher
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
0.88×
Wall Street
Current ratio
FY2025 0.94×
0.49×
Value investor
Quick ratio, inventory excluded
FY2025 0.50×
Gap −0.39×: Value-investor figure 0.39 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.40×
Wall Street
EBITDA ÷ total debt
FY2025 0.36×
0.51×
Value investor
FCF ÷ total debt
FY2025 0.22×
Gap +0.11×: Value-investor figure 0.11 higher
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 1.13×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
10.3×
Wall Street
EBITDA ÷ interest
FY2025 14.3×
7.5×
Value investor
EBIT ÷ interest
FY2025 10.6×
Gap −2.8×: Value-investor figure 2.8 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on CAH yet.
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Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/CAH
Valuein. (2026, October 30). CARDINAL HEALTH INC (CAH) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/CAH
@misc{valuein_cah_2026,
author = {{Valuein}},
title = {CARDINAL HEALTH INC (CAH) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/CAH}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Aug 11, 2026 · accession 0000721371-26-000038
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point-in-time · survivorship-free · every number traceable to its SEC filing
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