Healthcare
Medical Distribution
$72.48B
51K
Key insights and themes extracted from this filing
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.