Cardinal Health (CAH)

NYSE Health Care Health Care Distributors S&P 500

$271.72

+3.90 (+1.46%)

Close of Nov 06, 2026 · end-of-day data

Source: Cardinal Health's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 09, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$129.98B	$136.81B	$145.53B	$152.92B	$162.47B	$181.33B	$204.98B	$226.83B	$222.58B	$254.25B
Cost of revenue	$123.43B	$129.63B	$138.70B	$146.05B	$155.69B	$174.84B	$198.10B	$219.41B	$214.41B	$244.47B
Gross profit	$6.54B	$7.18B	$6.83B	$6.87B	$6.78B	$6.48B	$6.87B	$7.41B	$8.17B	$9.77B
Selling, general & admin	$3.77B	$4.60B	$4.48B	$4.57B	$4.53B	$4.51B	$4.80B	$5.00B	$5.38B	$6.13B
Operating income	$2.12B	$126.00M	$2.06B	-$4.10B	$472.00M	-$607.00M	$752.00M	$1.24B	$2.27B	$2.61B
Interest expense	$201.00M	$329.00M	$294.00M	$238.00M	$180.00M	$147.00M	$84.00M	$51.00M	$215.00M	$348.00M
Pre-tax income	$1.92B	-$228.00M	$1.75B	-$3.77B	$323.00M	-$784.00M	$663.00M	$1.20B	$2.10B	$2.17B
Income tax	$630.00M	-$487.00M	$386.00M	-$79.00M	-$289.00M	$153.00M	$332.00M	$348.00M	$532.00M	$469.00M
Net income	$1.29B	$256.00M	$1.36B	-$3.70B	$611.00M	-$938.00M	$330.00M	$852.00M	$1.56B	$1.71B
EBITDA	$2.84B	$1.16B	$3.06B	-$3.19B	$1.25B	$85.00M	$1.44B	$1.95B	$3.06B	$3.57B
EPS (basic)	$4.06	$0.82	$4.55	$-12.61	$2.09	$-3.37	$1.27	$3.48	$6.48	$7.27
EPS (diluted)	$4.03	$0.81	$4.53	$-12.61	$2.08	$-3.37	$1.26	$3.45	$6.45	$7.23
Diluted shares	320.00M	315.00M	301.00M	293.00M	294.00M	279.00M	262.00M	247.00M	242.00M	237.00M
Gross margin	5.0%	5.2%	4.7%	4.5%	4.2%	3.6%	3.4%	3.3%	3.7%	3.8%
Operating margin	1.6%	0.1%	1.4%	-2.7%	0.3%	-0.3%	0.4%	0.5%	1.0%	1.0%
Net margin	1.0%	0.2%	0.9%	-2.4%	0.4%	-0.5%	0.2%	0.4%	0.7%	0.7%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$6.88B	$1.76B	$2.53B	$2.77B	$3.41B	$4.72B	$4.08B	$5.13B	$3.87B	$4.86B
Short-term investments	—	—	—	—	—	—	—	$200.00M	—	—
Receivables	$8.05B	$7.80B	$8.45B	$8.26B	$9.10B	$10.56B	$11.11B	$12.08B	$13.24B	$13.81B
Inventory	$11.30B	$12.31B	$12.82B	$13.20B	$14.59B	$15.64B	$16.12B	$14.96B	$16.83B	$17.30B
Total current assets	$28.34B	$24.55B	$25.75B	$25.94B	$31.05B	$32.94B	$33.74B	$34.88B	$36.37B	$38.75B
Goodwill	$7.22B	$8.32B	$8.38B	$8.36B	$7.99B	$5.86B	$4.61B	$4.72B	$9.69B	$11.44B
Total assets	$40.11B	$39.95B	$40.96B	$40.77B	$44.45B	$43.88B	$43.35B	$45.12B	$53.12B	$57.30B
Total current liabilities	$21.22B	$22.89B	$24.11B	$23.61B	$27.62B	$30.55B	$33.74B	$35.64B	$38.90B	$43.90B
Short-term debt	$1.33B	$1.00B	$452.00M	$10.00M	$871.00M	$580.00M	$792.00M	$434.00M	$550.00M	$1.88B
Long-term debt	$9.07B	$8.01B	$7.58B	$6.76B	$5.37B	$4.74B	$3.91B	$4.66B	$7.98B	$7.00B
Total debt	$10.39B	$9.01B	$8.03B	$6.78B	$6.24B	$5.32B	$4.70B	$5.09B	$8.53B	$8.89B
Total liabilities	$33.30B	$33.89B	$34.63B	$38.98B	$42.66B	$44.59B	$46.31B	$48.33B	$55.90B	$60.18B
Shareholders' equity	$6.81B	$6.06B	$6.33B	$1.79B	$1.79B	-$709.00M	-$2.96B	-$3.21B	-$2.78B	-$2.88B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	$1.18B	$2.77B	$2.72B	$1.96B	$2.43B	$3.17B	$2.84B	$3.76B	$2.40B	$5.17B
Capital expenditures	$387.00M	$384.00M	$328.00M	$375.00M	$400.00M	$387.00M	$481.00M	$511.00M	$547.00M	$649.00M
Free cash flow	$797.00M	$2.38B	$2.39B	$1.58B	$2.03B	$2.79B	$2.36B	$3.25B	$1.85B	$4.53B
Investing cash flow	-$405.00M	-$5.61B	$338.00M	$493.00M	-$378.00M	$567.00M	-$454.00M	-$1.85B	-$5.59B	-$2.58B
Financing cash flow	$3.75B	-$2.28B	-$2.29B	-$2.20B	-$1.32B	-$2.46B	-$3.05B	-$847.00M	$1.94B	-$1.60B
Dividends paid	$577.00M	$581.00M	$577.00M	$569.00M	$573.00M	$559.00M	$525.00M	$499.00M	$494.00M	$491.00M
Share buybacks	$600.00M	$550.00M	$600.00M	$350.00M	$200.00M	$1.00B	$2.00B	$750.00M	$765.00M	$1.36B
Stock-based compensation	$96.00M	$85.00M	$82.00M	$90.00M	$89.00M	$81.00M	$96.00M	$121.00M	$244.00M	$367.00M
Depreciation & amortization	$717.00M	$1.03B	$1.00B	$913.00M	$783.00M	$692.00M	$692.00M	$710.00M	$790.00M	$956.00M

Income statement

quarters · USD

Quarter ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Sep 2026
Revenue	$53.42B	$54.65B	$57.44B	$54.87B	$59.87B	$52.28B	$55.26B	$54.88B	$60.16B	$64.01B	$65.63B	$67.51B
Cost of revenue	$51.61B	$52.91B	$55.59B	$52.93B	$57.98B	$50.38B	$53.32B	$52.76B	$57.96B	$61.69B	$63.23B	$64.92B
Gross profit	$1.81B	$1.74B	$1.85B	$1.94B	$1.88B	$1.90B	$1.94B	$2.12B	$2.20B	$2.32B	$2.40B	$2.60B
Selling, general & admin	$1.23B	$1.19B	$1.27B	$1.27B	$1.28B	$1.28B	$1.31B	$1.31B	$1.48B	$1.46B	$1.50B	$1.59B
Operating income	$162.00M	-$32.00M	$505.00M	$369.00M	$401.00M	$568.00M	$549.00M	$730.00M	$428.00M	$668.00M	$707.00M	$753.00M
Interest expense	$6.00M	$11.00M	$3.00M	$28.00M	$9.00M	$32.00M	$35.00M	$74.00M	$74.00M	$80.00M	$88.00M	$73.00M
Pre-tax income	$146.00M	-$44.00M	$512.00M	$342.00M	$391.00M	$541.00M	$511.00M	$665.00M	$384.00M	$598.00M	$630.00M	$688.00M
Income tax	$143.00M	-$33.00M	$143.00M	$80.00M	$158.00M	$124.00M	$110.00M	$157.00M	$141.00M	$144.00M	$159.00M	$132.00M
Net income	$5.00M	-$12.00M	$368.00M	$261.00M	$235.00M	$416.00M	$400.00M	$506.00M	$239.00M	$450.00M	$467.00M	$554.00M
EBITDA	$338.00M	$140.00M	$680.00M	$546.00M	$587.00M	$750.00M	$741.00M	$937.00M	$637.00M	$901.00M	$941.00M	$1.00B
EPS (basic)	$-0.22	$-0.05	$1.50	$1.07	$0.96	$1.71	—	—	—	$1.89	—	$2.39
EPS (diluted)	$-0.21	$-0.05	$1.50	$1.07	$0.93	$1.70	—	—	—	$1.88	—	$2.38
Diluted shares	—	249.00M	246.00M	245.00M	—	245.00M	243.00M	241.00M	—	239.00M	237.00M	233.00M
Gross margin	3.4%	3.2%	3.2%	3.5%	3.1%	3.6%	3.5%	3.9%	3.7%	3.6%	3.7%	3.8%
Operating margin	0.3%	-0.1%	0.9%	0.7%	0.7%	1.1%	1.0%	1.3%	0.7%	1.0%	1.1%	1.1%
Net margin	0.0%	-0.0%	0.6%	0.5%	0.4%	0.8%	0.7%	0.9%	0.4%	0.7%	0.7%	0.8%

Balance sheet

quarters · USD

Quarter ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Sep 2026
Cash & equivalents	$4.08B	$3.85B	$4.59B	$3.72B	$5.13B	$2.87B	$3.81B	$3.33B	$3.87B	$4.59B	$2.78B	$5.26B
Short-term investments	—	—	—	—	$200.00M	—	—	—	—	—	—	—
Receivables	$11.11B	$11.27B	$11.79B	$11.57B	$12.08B	$11.78B	$12.37B	$12.67B	$13.24B	$13.77B	$13.66B	$14.54B
Inventory	$16.12B	$16.99B	$18.45B	$17.28B	$14.96B	$15.62B	$16.90B	$16.16B	$16.83B	$17.56B	$20.12B	$18.39B
Total current assets	$33.74B	$34.69B	$37.66B	$35.73B	$34.88B	$32.91B	$35.76B	$34.59B	$36.37B	$38.54B	$39.23B	$40.99B
Goodwill	$4.61B	$4.03B	$4.02B	$4.79B	$4.72B	$4.72B	$5.49B	$8.91B	$9.69B	$9.71B	$11.61B	$11.54B
Total assets	$43.35B	$43.71B	$46.57B	$45.88B	$45.12B	$43.06B	$47.00B	$49.87B	$53.12B	$55.23B	$58.08B	$59.54B
Total current liabilities	$33.74B	$35.06B	$38.29B	$36.31B	$35.64B	$34.68B	$35.22B	$36.66B	$38.90B	$40.27B	$43.31B	$46.33B
Short-term debt	$792.00M	$788.00M	$1.19B	$1.19B	$434.00M	$940.00M	$544.00M	$543.00M	$550.00M	$52.00M	$680.00M	$1.89B
Long-term debt	$3.91B	$3.89B	$3.54B	$4.67B	$4.66B	$4.22B	$7.06B	$7.14B	$7.98B	$8.98B	$8.35B	$6.93B
Total debt	$4.70B	$4.68B	$4.72B	$5.85B	$5.09B	$5.16B	$7.61B	$7.68B	$8.53B	$9.03B	$9.03B	$8.81B
Total liabilities	$46.31B	$47.20B	$50.02B	$49.15B	$48.33B	$46.34B	$49.99B	$52.82B	$55.90B	$58.11B	$60.97B	$62.57B
Shareholders' equity	-$2.96B	-$3.49B	-$3.45B	-$3.27B	-$3.21B	-$3.28B	-$2.99B	-$2.95B	-$2.78B	-$2.88B	-$2.88B	-$3.02B

Cash flow

quarters · USD

Quarter ended	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Sep 2026
Operating cash flow	$863.00M	$528.00M	$1.18B	-$27.00M	$2.08B	-$1.65B	-$396.00M	$2.91B	$1.53B	$973.00M	$686.00M	$1.40B
Capital expenditures	$217.00M	$92.00M	$114.00M	$112.00M	$193.00M	$90.00M	$99.00M	$126.00M	$232.00M	$108.00M	$131.00M	$157.00M
Free cash flow	$646.00M	$436.00M	$1.06B	-$139.00M	$1.89B	-$1.74B	-$495.00M	$2.79B	$1.29B	$865.00M	$555.00M	$1.24B
Investing cash flow	-$206.00M	-$63.00M	-$105.00M	-$1.85B	$166.00M	-$88.00M	-$976.00M	-$2.90B	-$1.63B	-$142.00M	-$1.98B	-$251.00M
Financing cash flow	-$592.00M	-$666.00M	-$353.00M	$1.03B	-$859.00M	-$540.00M	$2.33B	-$503.00M	$656.00M	-$110.00M	-$519.00M	-$742.00M
Dividends paid	$126.00M	$131.00M	$124.00M	$122.00M	$122.00M	$128.00M	$122.00M	$124.00M	$120.00M	$129.00M	$122.00M	$126.00M
Share buybacks	$500.00M	$500.00M	$250.00M	$0	$0	$375.00M	$15.00M	$375.00M	$0	$375.00M	$383.00M	$500.00M
Stock-based compensation	$27.00M	$29.00M	$28.00M	$31.00M	$33.00M	$30.00M	$30.00M	$31.00M	$153.00M	$93.00M	$87.00M	$109.00M
Depreciation & amortization	$176.00M	$172.00M	$175.00M	$177.00M	$186.00M	$182.00M	$192.00M	$207.00M	$209.00M	$233.00M	$234.00M	$247.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.