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CAH explained · candor

Cardinal Health

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Explained from its latest yearly and quarterly reports to the SEC, filed November 5, 2026.

The share price

What the stock market pays for one share of Cardinal Health today. Below is what the business behind it actually sells, earns, owes and keeps, from its own reports.

Live price from TradingView, shown for context. It changes every trading day, unlike the filed figures below. candor never says whether the price is right.

Cardinal Health at a glance

How its main figures link up, worked out with its own numbers.

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Sales and profitCash flowOwns and owesFor shareholders

Sales and profit

Cash flow

Owns and owes

For shareholders

Key numbers

From its latest yearly report. Point at a term to see exactly what it means.

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In the year to June 30, 2026, Cardinal Health sold $254.2 billion of goods and services, up 14.2% on the year before. It kept about $1 of every $100 of sales as profit. Its business brought in $5.2 billion of cash, leaving $4.5 billion after paying for buildings and equipment. It owed $1.7 billion more in long-term debt than it held in cash.

$254.2 billion
Cardinal Health sold $254.2 billion of goods and services in the year to June 30, 2026.
Year to June 30, 2026

All the numbers

The figures behind everything above, side by side, with the original reports to check them.

Show the ratios, what changed in a year, and the original reports

Key ratios

Ratios compare two numbers so companies of different sizes can be compared. Each one only combines figures from the same period or date.

Gross margin
3.8%
Year ended June 30, 2026
After paying the direct cost of what it sold, it kept about $4 of every $100 of sales.
What it is: Gross profit (sales minus the direct cost of making or buying what was sold) as a share of sales. A 40% gross margin means $40 of every $100 of sales is left to pay for everything else.
Operating margin
1%
Year ended June 30, 2026
After also paying to run the business (staff, offices, research, marketing), about $1 of every $100 was left.
What it is: Operating income as a share of sales: of each $100 of sales, what's left after paying for what was sold and for running the business, before interest and tax.
Profit margin
0.7%
Year ended June 30, 2026
After every cost, including interest and tax, about $1 of every $100 of sales was profit.
What it is: Net income as a share of sales: what's left after every cost, including interest and tax. A 10% net profit margin means $10 of final profit for every $100 of sales.
Earnings per share
$7.23
The year before$6.45
Latest year$7.23
Year ended June 30, 2026
If the year's profit were split equally across all its shares, each share would get $7.23, up 12.1% on the year before.
What it is: Net income divided by the average number of shares during the period. "Diluted" EPS also counts shares that could still be created, for example from staff stock awards, so it's usually slightly lower.
Free cash flow
$4.5 billion
Cash its business brought in (operating cash flow)$5.2 billion
Spent on buildings and equipment (capital expenditure)−$649 million
Left over as spare cash (free cash flow)$4.5 billion
Year ended June 30, 2026
The cash left after running the business and paying for new buildings and equipment: money it could use for dividends, buybacks, paying debt or growing.
What it is: Operating cash flow minus capital expenditure: the cash left after the business pays for the buildings and equipment it needs. It's what the company can use to pay dividends, buy back shares, repay debt or save.
Current ratio
0.88
$0.88
Less than it owes soon$1 for $1More than enough
On September 30, 2026
It had about $0.88 of cash and other short-term assets for every $1 of bills due within a year, less than enough, so it relies on money still to come in.
What it is: Current assets (cash, money customers owe it, stock and anything else it expects to turn into cash within a year) divided by current liabilities (bills it must pay within a year). 1.5 means $1.50 coming in for every $1 due.
Assets per $1 owed
$0.95
What it owns (assets)$59.5 billion
What it owes (liabilities)$62.4 billion
On September 30, 2026
Everything it owns (buildings, cash, stock, money owed to it) is worth about $0.95 for every $1 it owes in total.
What it is: Everything the company owes: loans, bonds, bills to suppliers, taxes due, and other obligations.

What changed in a year

Each figure next to the same figure a year earlier. Quarters are compared with the same quarter a year before, because many businesses are busier in some seasons.

Revenue (sales)
Up 14.2%
$254.2 billion vs $222.6 billion a year earlier
The year before$222.6 billion
Latest year$254.2 billion
Year ended June 30, 2026, vs the year before
It sold more than the year before.
What it is: All the money a company takes in from selling its products and services, before paying any costs. Also called sales.
Revenue (sales)
Up 5.5%
$67.5 billion vs $64 billion a year earlier
Same quarter a year earlier$64 billion
Latest quarter$67.5 billion
Quarter ended September 30, 2026, vs the same quarter a year earlier
Its latest three months brought in more sales than the same three months a year earlier.
What it is: A three-month period. US public companies report their results every quarter.
Net income (profit)
Up 9.8%
$1.7 billion vs $1.6 billion a year earlier
The year before$1.6 billion
Latest year$1.7 billion
Year ended June 30, 2026, vs the year before
It kept more profit after all costs and taxes than the year before.

Read the original reports

Source: Annual report (10-K) filed August 11, 2026 Source: Quarterly report (10-Q) filed November 5, 2026