MCK Mckesson margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 36

Gross margin

3.7%

Operating margin

1.6%

EBITDA margin

1.7%

Net margin

1.1%

Based on the latest figures, Mckesson reports a gross margin of 3.7%, an operating margin of 1.6%, an EBITDA margin of 1.7%, and a net margin of 1.1%. The company's available margins all advanced, with operating margin reporting the strongest expansion of 0.2 percentage points.

MCK margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Mckesson recorded average margins of 3.81% gross, 1.32% operating, 1.55% EBITDA, and 0.98% net. The latest figures show operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

MCK margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 0.2 percentage points.

Gross margin expansion

0.1pp

Operating margin expansion

0.2pp

EBITDA margin expansion

0.1pp

Net margin expansion

0.1pp

MCK Gross margin

Over the last 3 years, the average gross margin for Mckesson was 3.81%. Mckesson's current gross margin is 3.7% and is 0.1 percentage points below its three-year average. Mckesson's gross margin ranged from a low of 3.6% in Jun 2025 to a high of 4.2% in Mar 2024.

MCK Operating margin

Reviewing the last 3 years, Mckesson recorded an average operating margin of 1.32%. Mckesson's current operating margin is 1.6% and is 0.3 percentage points above its three-year average. The highest operating margin for Mckesson was 1.6% in Sep 2026, while the lowest was 1% in Sep 2024.

MCK EBITDA margin

Over the last 3 years, the average EBITDA margin for Mckesson was 1.55%. As of the latest period, the current EBITDA margin for Mckesson is 1.7%, 0.2 percentage points above its three-year average. Mckesson's EBITDA margin ranged from a low of 1.3% in Sep 2024 to a high of 1.8% in Mar 2026.

MCK Net margin

Over the last 3 years, the average net margin for Mckesson was 0.98%. The latest net margin for Mckesson is 1.1%, 0.1 percentage points above its three-year average. Mckesson's net margin ranged from a low of 0.8% in Sep 2024 to a high of 1.2% in Mar 2026.

MCK margin group comparison

Margins compared with peer-group, industry and sector averages

Mckesson's gross margin of 3.7% is below the Healthcare sector and the industry average. Compared to its Healthcare sector average of 68.3%, Mckesson's gross margin is 95% lower.

MCK margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Mckesson's gross margin?

The current gross margin for MCK is 3.7% as of Sep 30, 2026.

What is Mckesson's operating margin?

The current operating margin for MCK is 1.6% as of Sep 30, 2026.

What is Mckesson's EBITDA margin?

As of Sep 30, 2026, MCK has an EBITDA margin of 1.7%.

What is Mckesson's net margin?

For the period ending Sep 30, 2026, MCK recorded a net margin of 1.1%.

What are the average margins of MCK?

Looking back over 3 years, MCK recorded average margins of 3.8% gross, 1.3% operating, 1.6% EBITDA, and 1.0% net.

What are the highest historical margins of MCK?

In the last 5 years, the highest margins reported by MCK were 5.1% gross in Dec 2021, 1.6% operating in Sep 2026, 2% EBITDA in Jun 2023, and 1.3% net in Jun 2023.

What are the lowest historical margins of MCK?

Over this 5-year history, Mckesson's margins fell as low as 3.6% gross in Jun 2025, 0.8% operating in Mar 2022, 1.1% EBITDA in Mar 2022, and 0.4% net in Mar 2022.