Cencora Inc. (COR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$4.35	$4.48	+3.0%	—	—	—
Q4 26	$4.73	$4.75	+0.4%	—	—	—
Q3 26	$4.04	$4.08	+1.0%	—	—	—
Q2 26	$3.79	$3.84	+1.3%	—	—	—
Q1 26	$3.84	$4	+4.2%	—	—	—
Q4 25	$4.1	$4.42	+7.8%	—	—	—
Q3 25	$3.52	$3.73	+6.0%	—	—	—
Q2 25	$3.23	$3.34	+3.4%	—	—	—
Q1 25	$3.22	$3.34	+3.7%	—	—	—
Q4 24	$3.69	$3.8	+3.0%	—	—	—
Q3 24	$2.89	$3.28	+13.5%	—	—	—
Q2 24	$2.81	$2.86	+1.8%	—	—	—
Q1 24	$2.83	$2.92	+3.2%	—	—	—
Q4 23	$3.3	$3.5	+6.1%	—	—	—
Q3 23	$2.63	$2.71	+3.0%	—	—	—
Q2 23	$2.57	$2.6	+1.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$8.02	—	—	$321.3B	—
FY24	—	$7.6	—	—	$294B	—
FY23	—	$8.62	—	—	$262.2B	—
FY22	—	$8.15	—	—	$238.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$146.8B	$153.1B	$167.9B	$179.6B	$189.9B	$214B	$238.6B	$262.2B	$294B	$321.3B
YoY change	+8.01%	+4.29%	+9.66%	+6.94%	+5.74%	+12.7%	+11.5%	+9.89%	+12.1%	+9.31%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	146.8B	153.1B	167.9B	179.6B	189.9B	214B	238.6B	262.2B	294B	321.3B
Cost of revenue	142.6B	148.6B	163.3B	174.5B	184.7B	207B	230.3B	253.2B	284B	309.9B
Gross profit	4.3B	4.5B	4.6B	5.1B	5.2B	6.9B	8.3B	9B	9.9B	11.5B
Gross margin	2.91%	2.97%	2.75%	2.86%	2.73%	3.24%	3.48%	3.42%	3.37%	3.57%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.1B	2.1B	2.5B	2.7B	2.8B	3.6B	4.8B	5.3B	5.7B	6.5B
Operating expenses	2.1B	2.1B	2.5B	2.7B	2.8B	3.6B	4.8B	5.3B	5.7B	6.5B
Operating income	1.8B	2B	1.7B	2B	2B	2.8B	2.8B	2.7B	3.2B	3.9B
Operating margin	1.24%	1.32%	1%	1.12%	1.07%	1.33%	1.15%	1.02%	1.07%	1.22%
Non-operating income, net	-285.8M	-956.6M	-334.8M	-887.5M	-7.2B	-447.9M	-359.8M	-295.8M	-996M	-1.4B
Pretax income	1.4B	917.9M	1.2B	967.1M	-5.3B	2.2B	2.2B	2.2B	2B	2.3B
Income tax	-37M	553.4M	-438.5M	113M	-1.9B	677.3M	516.5M	428.3M	484.7M	690.5M
Net income	1.4B	364.5M	1.6B	854.1M	-3.4B	1.5B	1.7B	1.7B	1.5B	1.6B
Net margin	0.97%	0.24%	0.96%	0.48%	-1.79%	0.72%	0.7%	0.66%	0.52%	0.49%
EBITDA	2.2B	2.5B	2.1B	2.5B	2.4B	3.4B	3.5B	3.8B	4.4B	5.1B
EPS	6.73	1.9	7.61	4.07	-16.6	7.48	8.15	8.62	7.6	8.02
Diluted EPS	6.32	1.87	7.53	4.04	-16.6	7.39	8.04	8.53	7.53	7.96

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	68.9B	72.3B	68.4B	74.2B	79.1B	81.5B	75.5B	80.7B	83.7B	85.9B	78.4B	84.8B
Cost of revenue	66.7B	69.8B	65.9B	71.8B	76.6B	78.9B	72.4B	77.8B	80.8B	82.9B	74.8B	81.1B
Gross profit	2.3B	2.5B	2.5B	2.4B	2.5B	2.6B	3.1B	2.9B	3B	3.1B	3.6B	3.6B
Gross margin	3.27%	3.42%	3.71%	3.25%	3.15%	3.14%	4.06%	3.6%	3.53%	3.58%	4.58%	4.26%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B	1.6B	1.7B	1.7B	1.8B	2B	2.1B
Operating expenses	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B	1.6B	1.7B	1.7B	1.8B	2B	2.1B
Operating income	583.4M	799.5M	877.5M	755M	725M	807.5M	1.2B	980.2M	945.9M	1B	1.4B	1.2B
Operating margin	0.85%	1.11%	1.28%	1.02%	0.92%	0.99%	1.59%	1.22%	1.13%	1.18%	1.74%	1.42%
Non-operating income, net	-76M	24.5M	-346.3M	-95.3M	-578.9M	-159.1M	-167.3M	-2.2M	-1.1B	-235.3M	867.5M	-68.2M
Pretax income	446.4M	783.4M	467.1M	628.3M	125.2M	620.4M	928.7M	896.3M	-187M	708.6M	2.1B	996.4M
Income tax	97.4M	180.4M	45.9M	140.7M	117.7M	126.7M	211.2M	206.5M	146M	142.5M	459M	219.7M
Net income	349M	603M	421.2M	487.6M	7.5M	493.7M	717.4M	689.7M	-333.1M	566.1M	1.6B	776.7M
Net margin	0.51%	0.83%	0.62%	0.66%	0.01%	0.61%	0.95%	0.86%	-0.4%	0.66%	2.08%	0.92%
EBITDA	910.6M	1.1B	1.1B	1.1B	1.1B	1.1B	1.5B	1.4B	1.1B	1.3B	2.7B	1.5B
EPS	1.74	3.01	2.11	2.44	0.02	2.52	3.7	3.55	-1.75	2.88	8.44	3.95
Diluted EPS	1.72	2.98	2.09	2.42	0.02	2.5	3.68	3.52	-1.75	2.87	8.4	3.94

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	17.1B	18.1B	20.1B	17.3B	19.8B	24.6B	28.2B	36.4B	44.7B	60.6B	58B
Enterprise value	18.6B	19.1B	21.9B	18.1B	19.4B	28.7B	30.5B	38.6B	45.9B	63.9B	70.4B
Shares outstanding	212.2M	218.4M	217.9M	210.2M	204.8M	205.9M	208.5M	202.5M	198.5M	193.8M	193.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	12	49.6	12.4	20.3	—	15.9	16.9	21	29.4	38.6	22.6
P/S	0.12	0.12	0.12	0.1	0.1	0.11	0.12	0.14	0.15	0.19	0.17
P/B	8.05	8.75	6.59	5.78	-23.6	42.1	395.8	54.7	56.8	34.7	19.1
EV/EBITDA	8.38	7.76	10.3	7.18	7.93	8.45	8.75	10.3	10.6	12.6	12.7
EV/Sales	0.13	0.12	0.13	0.1	0.1	0.13	0.13	0.15	0.16	0.2	0.21
Earnings yield	8.33%	2.02%	8.04%	4.94%	—	6.28%	5.91%	4.75%	3.4%	2.59%	4.42%
FCF yield	15.8%	5.74%	5.35%	11.8%	9.26%	9.06%	7.82%	9.47%	6.71%	5.29%	3.52%
PEG	—	—	—	—	—	—	—	—	—	—	2.01

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	2.91%	2.97%	2.75%	2.86%	2.73%	3.24%	3.48%	3.42%	3.37%	3.57%	4.26%
Operating margin	1.24%	1.32%	1%	1.12%	1.07%	1.33%	1.15%	1.02%	1.07%	1.22%	1.41%
Net margin	0.97%	0.24%	0.96%	0.48%	-1.79%	0.72%	0.7%	0.66%	0.52%	0.49%	0.79%
ROE	67.1%	17.7%	53%	28.5%	404.9%	264.3%	2.3K%	260%	193.1%	89.7%	96.9%
ROA	4.25%	1.03%	4.29%	2.18%	-7.68%	2.69%	2.95%	2.77%	2.26%	2.05%	3.56%
ROIC	50.8%	26.1%	34.7%	46.9%	-154.3%	41.9%	88.1%	75.2%	117.2%	54.1%	27.3%
Return on tangible assets	9.08%	2.08%	8.76%	4.03%	-12.5%	5.37%	5.4%	5.02%	3.75%	3.76%	6.78%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.9	0.91	0.93	0.95	0.98	0.94	0.91	0.88	0.88	0.9	0.94
Quick ratio	0.48	0.48	0.5	0.58	0.6	0.57	0.55	0.52	0.53	0.55	0.58
Debt / equity	1.97	1.67	1.41	1.39	-4.91	11.4	80	7.19	5.58	4.38	4.47
Debt / assets	0.12	0.1	0.11	0.11	0.09	0.12	0.1	0.08	0.07	0.1	0.14
Net debt / EBITDA	0.65	0.41	0.85	0.32	-0.2	1.22	0.66	0.58	0.29	0.65	1.33
Interest coverage	10.6	7.16	7.74	7.13	-37.4	13.8	11.4	8.84	9.06	6.38	8.05
Effective tax rate	0%	60.3%	0%	11.7%	0%	30.5%	23.7%	19.8%	24.2%	30.6%	26.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	692	701.3	770.8	854.5	927.3	1K	1.1K	1.3K	1.5K	1.7K	1.7K
EPS (basic)	6.73	1.9	7.61	4.07	-16.6	7.48	8.15	8.62	7.6	8.02	8.02
EPS (diluted)	6.32	1.87	7.53	4.04	-16.6	7.39	8.04	8.53	7.53	7.96	13.5
Book value per share	10	9.45	14	14.2	-4.1	2.84	0.34	3.29	3.96	9.01	16
FCF per share	12.8	4.75	4.93	9.68	8.97	10.8	10.6	17.1	15.1	16.5	20.9
Cash per share	12.9	11.2	11.4	16.1	22.5	12.4	16.3	12.8	15.8	22.5	14.8
Capex per share	—	—	0.04	0.01	0.18	0.07	0.03	—	—	3.45	3.92

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	0%	0%	0.02%	0.01%	0%	—	—	0.21%	0.23%
Capex / operating cash flow	—	—	0.5%	0.08%	0.48%	0.61%	0.19%	—	—	17.2%	15.8%
Payout ratio	20.2%	87.9%	20.6%	39.7%	-10.1%	23.7%	23.5%	23%	27.4%	27.9%	17.4%
Dividend yield	1.68%	1.77%	1.66%	1.96%	1.73%	1.49%	1.39%	1.09%	0.93%	0.72%	0.79%

Yield

0.79%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.60

ex-dividend Aug 14, 2026

Payout ratio

17%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 14, 2026	$0.60
May 15, 2026	$0.60
Feb 13, 2026	$0.60

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$68.9B	$72.3B	$68.4B	$74.2B	$79.1B	$81.5B	$75.5B	$80.7B	$83.7B	$85.9B	$78.4B	$84.8B
YoY change	+12.7%	+15%	+7.81%	+10.9%	+14.7%	+12.8%	+10.3%	+8.65%	+5.92%	+5.45%	+3.85%	+5.07%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	2.7B	2.4B	2.5B	3.4B	4.6B	2.5B	3.4B	2.6B	3.1B	4.4B
Receivables	9.2B	10.3B	11.3B	12.4B	13.8B	18.2B	18.5B	20.9B	23.9B	25.2B
Inventory	10.7B	11.5B	11.9B	11.1B	12.6B	15.4B	15.6B	17.5B	19B	20.5B
Total current assets	22.9B	24.3B	25.9B	28.1B	33.1B	38.8B	39.6B	42.8B	47.7B	52.2B
Property, plant & equipment	671.5M	818.4M	805.5M	828.4M	898.3M	1.3B	1.3B	1.3B	1.3B	1.4B
Goodwill & intangibles	17.9B	17.8B	19.2B	18B	17.2B	28.6B	25.7B	28B	26.6B	34.9B
Total assets	33.6B	35.3B	37.7B	39.2B	44.3B	57.3B	56.6B	62.6B	67.1B	76.6B
Accounts payable	23.9B	25.4B	26.8B	28.4B	31.7B	38B	40.2B	45.8B	50.9B	54.7B
Short-term debt	610.2M	12.1M	151.7M	139M	501.3M	300.2M	1.1B	641.3M	576.3M	117.8M
Total current liabilities	25.3B	26.8B	27.9B	29.6B	33.9B	41.4B	43.5B	48.8B	54.3B	57.8B
Long-term debt	3.6B	3.4B	4.2B	4B	3.6B	6.4B	4.6B	4.1B	3.8B	7.5B
Total liabilities	31.5B	33.3B	34.6B	36.2B	45.1B	56.8B	56.5B	61.9B	66.3B	74.8B
Shareholders' equity	2.1B	2.1B	3B	3B	-839.6M	584.4M	71.3M	666.3M	786.7M	1.7B
Total debt	4.2B	3.4B	4.3B	4.2B	4.1B	6.7B	5.7B	4.8B	4.4B	7.7B
Net debt	1.4B	1B	1.8B	798.7M	-478.2M	4.1B	2.3B	2.2B	1.3B	3.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	2.6B	2.9B	2.1B	3.3B	3.1B	3.2B	2B	2.2B	4.4B	1.8B	2.2B	2.8B
Receivables	20.9B	21.6B	22.6B	24.1B	23.9B	24.5B	23.7B	24.6B	25.2B	26B	24.9B	25.4B
Inventory	17.5B	18.7B	17.6B	18.3B	19B	20.5B	19B	20.1B	20.5B	24.1B	20B	21B
Total current assets	42.8B	44.9B	44.2B	47.3B	47.7B	50B	46.5B	48.8B	52.2B	54.2B	53.1B	55.3B
Property, plant & equipment	1.3B	—	—	—	1.3B	—	—	—	1.4B	—	—	—
Goodwill & intangibles	28B	28.1B	27.6B	27.2B	26.6B	25.7B	35.9B	36.5B	34.9B	34.8B	45B	44.9B
Total assets	62.6B	64.7B	63.9B	66.8B	67.1B	69.1B	71.2B	74B	76.6B	78.4B	81.7B	83.8B
Accounts payable	45.8B	47.7B	46.3B	49.9B	50.9B	49.9B	50.1B	51B	54.7B	56.1B	51.9B	54.7B
Short-term debt	641.3M	592.8M	1.1B	565.1M	576.3M	2.2B	770.3M	66.7M	117.8M	342.3M	202.7M	279.2M
Total current liabilities	48.8B	50.8B	49.8B	53B	54.3B	54.5B	53.3B	54B	57.8B	59.1B	56.1B	59.2B
Long-term debt	4.1B	4.2B	4.2B	4.2B	3.8B	5.9B	7.1B	8.2B	7.5B	7.6B	12.2B	11.4B
Total liabilities	61.9B	63.6B	62.6B	65.7B	66.3B	68.7B	70B	71.7B	74.8B	76.3B	78.1B	80.6B
Shareholders' equity	666.3M	1.1B	1.2B	1.1B	786.7M	361.9M	1.2B	2.2B	1.7B	2.1B	3.6B	3.2B
Total debt	4.8B	4.8B	5.2B	4.7B	4.4B	8.1B	7.9B	8.2B	7.7B	7.9B	12.4B	11.7B
Net debt	2.2B	1.9B	3.2B	1.4B	1.3B	4.9B	5.9B	6B	3.3B	6.2B	10.2B	8.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.4B	364.5M	1.6B	854.1M	-3.4B	1.5B	1.7B	1.7B	1.5B	1.6B
Depreciation & amortization	392.2M	432.3M	510.1M	497.5M	408M	514.8M	709.8M	980.8M	1.1B	1.1B
Stock-based compensation	65M	62.2M	62.3M	58.9M	74.4M	99.6M	93.4M	124.6M	148M	148M
Change in working capital	1B	-227.7M	187.7M	146.8M	12B	32.3M	544.9M	910.5M	186.9M	96.4M
Operating cash flow	3B	800.4M	1.6B	1.5B	7.5B	2.4B	3.3B	3.9B	2.9B	3.9B
Capital expenditure	—	—	8.1M	1.3M	36.4M	14.4M	6.3M	—	—	-668M
Investing cash flow	-2.7B	-31.6M	-774.7M	-65.6M	-66.3M	-5.7B	134.2M	-2.1B	-130.9M	-5B
Dividends paid	-288.5M	-320.3M	-333M	-339M	-343.6M	-366.6M	-391.7M	-398.8M	-416.2M	-437.1M
Share repurchases	-2.3B	-329.9M	-639.2M	-674M	-420.4M	-82.2M	-483.7M	-1.2B	-1.5B	-435.5M
Financing cash flow	-10.2B	-10.8B	-25.5B	-1.9B	-913.1M	-3.3B	-1.7B	-2.3B	-72.5B	-129.9B
Net change in cash	-9.9B	-10B	-24.7B	-457.6M	6.5B	-6.7B	1.8B	-463.1M	-69.7B	-131B
Free cash flow	2.7B	1B	1.1B	2B	1.8B	2.2B	2.2B	3.5B	3B	3.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	349M	603M	421.2M	487.6M	7.5M	493.7M	717.4M	689.7M	-333.1M	566.1M	1.6B	776.7M
Depreciation & amortization	283.7M	278.4M	279.8M	280.9M	279.8M	281.5M	264M	259M	264M	264.3M	263M	277.4M
Stock-based compensation	24.9M	63.1M	28.2M	22.2M	34.6M	70.4M	28.5M	23.2M	25.9M	66.1M	28M	28.7M
Change in working capital	883.2M	128.8M	-1.5B	1.5B	53.6M	-3.3B	2.4B	-1.1B	2.1B	-3B	420M	1.5B
Operating cash flow	1.6B	1B	-796.3M	2.3B	410.3M	-2.4B	3.5B	109.2M	3.1B	-2.3B	1.3B	2.7B
Capital expenditure	—	—	—	—	—	—	—	-183.2M	-249.8M	-119.4M	-165.6M	-226M
Investing cash flow	-7.9M	8.4M	-53.7M	-26M	-59.6M	-237.1M	-3.9B	-234.7M	-321.9M	-299.3M	-4.9B	-240.1M
Dividends paid	-98.3M	-105.7M	-107M	-102.5M	-100.9M	-110.9M	-111.2M	-107.5M	-107.5M	-126.5M	-117.5M	-116.6M
Share repurchases	-273.5M	-385.5M	-50.8M	-550M	-505M	-385.5M	-50M	0	0	0	0	-1B
Financing cash flow	-78.6B	-11.8B	-36.5B	46.8B	-70.7B	-10.2B	-30B	43.8B	-132.8B	-23.5B	-43.4B	69.2B
Net change in cash	-77B	-10.7B	-37.3B	49B	-70.3B	-12.9B	-30.4B	43.7B	-130B	-26.1B	-47B	71.7B
Free cash flow	1.7B	810.9M	-991.2M	2.4B	818.1M	-2.8B	3.2B	-74M	2.9B	-2.4B	1.2B	2.4B

Date	Ratio
Jun 16, 2009	2:1
Dec 29, 2005	2:1
Mar 25, 1999	2:1

Cencora Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history