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Cardinal Health Overview
About Cardinal Health
Cardinal Health is one of three leading pharmaceutical wholesalers in the US, engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospital networks, and healthcare providers. Cardinal, Cencora, and McKesson hold well over 90% of the US pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
Founded
1979
HQ
Employees
57.7K
Website
Sectors
Financials (LTM)
EV
$57B
Cardinal Health Financials
Cardinal Health reported last 12-month revenue of $251B and EBITDA of $4B.
In the same LTM period, Cardinal Health generated $9B in gross profit, $4B in EBITDA, and $2B in net income.
Revenue (LTM)
Cardinal Health P&L
In the most recent fiscal year, Cardinal Health reported revenue of $223B and EBITDA of $3B.
Cardinal Health expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $251B | XXX | $223B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $8B | XXX | XXX | XXX |
| Gross Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | 1% | XXX | XXX | XXX |
| EBIT Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cardinal Health Stock Performance
Cardinal Health has current market cap of $50B, and enterprise value of $57B.
Market Cap Evolution
Cardinal Health's stock price is $213.99.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $57B | $50B | 0.4% | XXX | XXX | XXX | $8.48 |
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Start Free TrialCardinal Health Valuation Multiples
Cardinal Health trades at 0.2x EV/Revenue multiple, and 14.8x EV/EBITDA.
EV / Revenue (LTM)
Cardinal Health Financial Valuation Multiples
As of April 18, 2026, Cardinal Health has market cap of $50B and EV of $57B.
Equity research analysts estimate Cardinal Health's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cardinal Health has a P/E ratio of 21.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $50B | XXX | $50B | XXX | XXX | XXX |
| EV (current) | $57B | XXX | $57B | XXX | XXX | XXX |
| EV/Revenue | 0.2x | XXX | 0.3x | XXX | XXX | XXX |
| EV/EBITDA | 14.8x | XXX | 17.7x | XXX | XXX | XXX |
| EV/EBIT | 17.0x | XXX | 20.3x | XXX | XXX | XXX |
| EV/Gross Profit | 6.0x | XXX | 6.9x | XXX | XXX | XXX |
| P/E | 21.3x | XXX | 25.2x | XXX | XXX | XXX |
| EV/FCF | 19.1x | XXX | 22.9x | XXX | XXX | XXX |
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Verified Cardinal Health Valuation Multiples
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Cardinal Health Margins & Growth Rates
Cardinal Health's revenue in the last 12 month grew by 10%.
Cardinal Health's revenue per employee in the last FY averaged $3.9M, while opex per employee averaged $0.1M for the same period.
Cardinal Health's rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cardinal Health's rule of X is 32% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Cardinal Health Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | 25% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
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Cardinal Health Public Comps
See public comps and valuation multiples for other Wholesale Distribution comps.
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Cardinal Health M&A Activity
Cardinal Health acquired XXX companies to date.
Last acquisition by Cardinal Health was on XXXXXXXX, XXXXX. Cardinal Health acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cardinal Health
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCardinal Health Investment Activity
Cardinal Health invested in XXX companies to date.
Cardinal Health made its latest investment on XXXXXXXX, XXXXX. Cardinal Health invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cardinal Health
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Cardinal Health
| When was Cardinal Health founded? | Cardinal Health was founded in 1979. |
| Where is Cardinal Health headquartered? | Cardinal Health is headquartered in United States. |
| How many employees does Cardinal Health have? | As of today, Cardinal Health has over 57K employees. |
| Who is the CEO of Cardinal Health? | Cardinal Health's CEO is Jason M. Hollar. |
| Is Cardinal Health publicly listed? | Yes, Cardinal Health is a public company listed on NYSE. |
| What is the stock symbol of Cardinal Health? | Cardinal Health trades under CAH ticker. |
| When did Cardinal Health go public? | Cardinal Health went public in 1983. |
| Who are competitors of Cardinal Health? | Cardinal Health main competitors are Ferguson, Fastenal, Grainger, Sumitomo. |
| What is the current market cap of Cardinal Health? | Cardinal Health's current market cap is $50B. |
| What is the current revenue of Cardinal Health? | Cardinal Health's last 12 months revenue is $251B. |
| What is the current revenue growth of Cardinal Health? | Cardinal Health revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of Cardinal Health? | Current revenue multiple of Cardinal Health is 0.2x. |
| Is Cardinal Health profitable? | Yes, Cardinal Health is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cardinal Health? | Cardinal Health's last 12 months EBITDA is $4B. |
| What is Cardinal Health's EBITDA margin? | Cardinal Health's last 12 months EBITDA margin is 2%. |
| What is the current EV/EBITDA multiple of Cardinal Health? | Current EBITDA multiple of Cardinal Health is 14.8x. |
| What is the current FCF of Cardinal Health? | Cardinal Health's last 12 months FCF is $3B. |
| What is Cardinal Health's FCF margin? | Cardinal Health's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of Cardinal Health? | Current FCF multiple of Cardinal Health is 19.1x. |
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