McKesson Corporation (MCK)

Sector: Healthcare|Industry: Medical Distribution|Market Cap: $72.48B|Employees: 51K


McKesson Corporation is a diversified healthcare services leader that partners with biopharma companies, care providers, pharmacies, manufacturers, and governments to deliver insights, products, and services to make quality care more accessible and affordable. The company operates in four segments: U.S. Pharmaceutical, Prescription Technology Solutions, Medical-Surgical Solutions, and International. McKesson's key markets include the U.S., Canada, and Europe, with a focus on supply chain excellence and innovative solutions.

  1. Filings

Filing Highlights

Financial Performance

McKesson's consolidated revenues for fiscal year 2024 reached $308.95 billion, a 12% increase compared to $276.71 billion in fiscal year 2023. This growth was primarily driven by a 16% increase in the U.S. Pharmaceutical segment, which saw increased volumes and higher pricing.

The gross profit margin decreased from 4.18% in fiscal year 2023 to 4.15% in fiscal year 2024, a decrease of 30 basis points. This was partially due to price concessions related to generic drug conversions.

Net income attributable to McKesson Corporation decreased from $3.58 billion in fiscal year 2023 to $3.00 billion in fiscal year 2024, a decrease of 16%. This decrease was influenced by various factors, including increased operating expenses and tax expenses.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG Initiatives

Market Environment