McKesson Corporation

MCK
Sector

Healthcare

Industry

Medical Distribution

Market Cap

$72.48B

Employees

51K

Company Overview

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.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

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

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG Initiatives

3 Insights

Market Environment

3 Insights