C

Cardinal Health, Inc.

CAH · CIK 0000721371

17 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$222.58B1.9%
FY2025
Net income (FY)
$1.56B83.2%
FY2025
Free cash flow (FY)
$1.85B43.1%
FY2025
Diluted EPS (FY)
$6.4587.0%
FY2025
The story, charted

The shape of the business

FY2009–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$100B$200BFY2009 · Revenue $95.99B · Net income $1.15B · 0001193125-11-233322 · filed 2011-08-26FY09Revenue $95.99BNet income $1.15B0001193125-11-233322 · filed 2011-08-26FY2010 · Revenue $98.50B · Net income $642.0M · 0000721371-12-000069 · filed 2012-08-22FY10Revenue $98.50BNet income $642.0M0000721371-12-000069 · filed 2012-08-22FY2011 · Revenue $102.64B · Net income $959.0M · 0000721371-13-000154 · filed 2013-08-20FY11Revenue $102.64BNet income $959.0M0000721371-13-000154 · filed 2013-08-20FY2012 · Revenue $107.55B · Net income $1.07B · 0000721371-14-000181 · filed 2014-08-13FY12Revenue $107.55BNet income $1.07B0000721371-14-000181 · filed 2014-08-13FY2013 · Revenue $101.09B · Net income $334.0M · 0000721371-15-000107 · filed 2015-08-13FY13Revenue $101.09BNet income $334.0M0000721371-15-000107 · filed 2015-08-13FY2014 · Revenue $91.08B · Net income $1.17B · 0000721371-16-000277 · filed 2016-08-12FY14Revenue $91.08BNet income $1.17B0000721371-16-000277 · filed 2016-08-12FY2015 · Revenue $102.53B · Net income $1.22B · 0000721371-17-000083 · filed 2017-08-10FY15Revenue $102.53BNet income $1.22B0000721371-17-000083 · filed 2017-08-10FY2016 · Revenue $121.55B · Net income $1.43B · 0000721371-18-000077 · filed 2018-08-22FY16Revenue $121.55BNet income $1.43B0000721371-18-000077 · filed 2018-08-22FY2017 · Revenue $129.98B · Net income $1.29B · 0000721371-19-000090 · filed 2019-08-20FY17Revenue $129.98BNet income $1.29B0000721371-19-000090 · filed 2019-08-20FY2018 · Revenue $136.81B · Net income $256.0M · 0000721371-20-000089 · filed 2020-08-13FY18Revenue $136.81BNet income $256.0M0000721371-20-000089 · filed 2020-08-13FY2019 · Revenue $145.53B · Net income $1.36B · 0000721371-21-000080 · filed 2021-08-16FY19Revenue $145.53BNet income $1.36B0000721371-21-000080 · filed 2021-08-16FY2020 · Revenue $152.92B · Net income −$3.70B · 0000721371-22-000058 · filed 2022-08-11FY20Revenue $152.92BNet income −$3.70B0000721371-22-000058 · filed 2022-08-11FY2021 · Revenue $162.47B · Net income $611.0M · 0000721371-23-000060 · filed 2023-08-15FY21Revenue $162.47BNet income $611.0M0000721371-23-000060 · filed 2023-08-15FY2022 · Revenue $181.33B · Net income −$938.0M · 0000721371-24-000056 · filed 2024-08-14FY22Revenue $181.33BNet income −$938.0M0000721371-24-000056 · filed 2024-08-14FY2023 · Revenue $204.98B · Net income $330.0M · 0000721371-25-000079 · filed 2025-08-12FY23Revenue $204.98BNet income $330.0M0000721371-25-000079 · filed 2025-08-12FY2024 · Revenue $226.83B · Net income $852.0M · 0000721371-25-000079 · filed 2025-08-12FY24Revenue $226.83BNet income $852.0M0000721371-25-000079 · filed 2025-08-12FY2025 · Revenue $222.58B · Net income $1.56B · 0000721371-25-000079 · filed 2025-08-12FY25Revenue $222.58BNet income $1.56B0000721371-25-000079 · filed 2025-08-12FY25Revenue $222.58BNet income $1.56B0000721371-25-000079 · filed 2025-08-12FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.3× since FY2009 · net margin 1.2% → 0.7%

MarginsNet marginFCF margin
-2%0%2%FY2009 · Net margin 1.2% · FCF margin 1.0%FY09Net margin 1.2%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 0.7% · FCF margin 1.9%FY10Net margin 0.7%FCF margin 1.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 0.9% · FCF margin 1.1%FY11Net margin 0.9%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 1.0% · FCF margin 0.9%FY12Net margin 1.0%FCF margin 0.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 0.3% · FCF margin 1.5%FY13Net margin 0.3%FCF margin 1.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 1.3% · FCF margin 2.5%FY14Net margin 1.3%FCF margin 2.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 1.2% · FCF margin 2.2%FY15Net margin 1.2%FCF margin 2.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 1.2% · FCF margin 2.1%FY16Net margin 1.2%FCF margin 2.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 1.0% · FCF margin 0.6%FY17Net margin 1.0%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 0.2% · FCF margin 1.7%FY18Net margin 0.2%FCF margin 1.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 0.9% · FCF margin 1.6%FY19Net margin 0.9%FCF margin 1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -2.4% · FCF margin 1.0%FY20Net margin -2.4%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 0.4% · FCF margin 1.2%FY21Net margin 0.4%FCF margin 1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin -0.5% · FCF margin 1.5%FY22Net margin -0.5%FCF margin 1.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 0.2% · FCF margin 1.2%FY23Net margin 0.2%FCF margin 1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 0.4% · FCF margin 1.4%FY24Net margin 0.4%FCF margin 1.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 0.7% · FCF margin 0.8%FY25Net margin 0.7%FCF margin 0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 0.7%FCF margin 0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 0.7% · free cash flow 0.8% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2009 · OCF $1.42B · FCF $1.00B · 0001193125-11-233322 · filed 2011-08-26FY09OCF $1.42BFCF $1.00B0001193125-11-233322 · filed 2011-08-26FY2010 · OCF $2.13B · FCF $1.87B · 0000721371-12-000069 · filed 2012-08-22FY10OCF $2.13BFCF $1.87B0000721371-12-000069 · filed 2012-08-22FY2011 · OCF $1.40B · FCF $1.10B · 0000721371-13-000154 · filed 2013-08-20FY11OCF $1.40BFCF $1.10B0000721371-13-000154 · filed 2013-08-20FY2012 · OCF $1.18B · FCF $916.0M · 0000721371-14-000181 · filed 2014-08-13FY12OCF $1.18BFCF $916.0M0000721371-14-000181 · filed 2014-08-13FY2013 · OCF $1.73B · FCF $1.53B · 0000721371-15-000107 · filed 2015-08-13FY13OCF $1.73BFCF $1.53B0000721371-15-000107 · filed 2015-08-13FY2014 · OCF $2.52B · FCF $2.27B · 0000721371-16-000277 · filed 2016-08-12FY14OCF $2.52BFCF $2.27B0000721371-16-000277 · filed 2016-08-12FY2015 · OCF $2.54B · FCF $2.24B · 0000721371-17-000083 · filed 2017-08-10FY15OCF $2.54BFCF $2.24B0000721371-17-000083 · filed 2017-08-10FY2016 · OCF $2.97B · FCF $2.51B · 0000721371-18-000077 · filed 2018-08-22FY16OCF $2.97BFCF $2.51B0000721371-18-000077 · filed 2018-08-22FY2017 · OCF $1.18B · FCF $797.0M · 0000721371-19-000090 · filed 2019-08-20FY17OCF $1.18BFCF $797.0M0000721371-19-000090 · filed 2019-08-20FY2018 · OCF $2.77B · FCF $2.38B · 0000721371-20-000089 · filed 2020-08-13FY18OCF $2.77BFCF $2.38B0000721371-20-000089 · filed 2020-08-13FY2019 · OCF $2.72B · FCF $2.39B · 0000721371-21-000080 · filed 2021-08-16FY19OCF $2.72BFCF $2.39B0000721371-21-000080 · filed 2021-08-16FY2020 · OCF $1.96B · FCF $1.58B · 0000721371-22-000058 · filed 2022-08-11FY20OCF $1.96BFCF $1.58B0000721371-22-000058 · filed 2022-08-11FY2021 · OCF $2.43B · FCF $2.03B · 0000721371-23-000060 · filed 2023-08-15FY21OCF $2.43BFCF $2.03B0000721371-23-000060 · filed 2023-08-15FY2022 · OCF $3.17B · FCF $2.79B · 0000721371-24-000056 · filed 2024-08-14FY22OCF $3.17BFCF $2.79B0000721371-24-000056 · filed 2024-08-14FY2023 · OCF $2.84B · FCF $2.36B · 0000721371-25-000079 · filed 2025-08-12FY23OCF $2.84BFCF $2.36B0000721371-25-000079 · filed 2025-08-12FY2024 · OCF $3.76B · FCF $3.25B · 0000721371-25-000079 · filed 2025-08-12FY24OCF $3.76BFCF $3.25B0000721371-25-000079 · filed 2025-08-12FY2025 · OCF $2.40B · FCF $1.85B · 0000721371-25-000079 · filed 2025-08-12FY25OCF $2.40BFCF $1.85B0000721371-25-000079 · filed 2025-08-12FY25OCF $2.40BFCF $1.85B0000721371-25-000079 · filed 2025-08-12’09’13’17’21’25

FY2025: $2.40B operating cash − $547.0M capex = $1.85B free cash flow

Returns on capitalReturn on equityReturn on assets
-200%-100%0%100%FY2010 · ROE 12.2% · ROA 3.2%FY10ROE 12.2%ROA 3.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 16.4% · ROA 4.2%FY11ROE 16.4%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 17.1% · ROA 4.4%FY12ROE 17.1%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 5.6% · ROA 1.3%FY13ROE 5.6%ROA 1.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 18.2% · ROA 4.5%FY14ROE 18.2%ROA 4.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 19.4% · ROA 4.0%FY15ROE 19.4%ROA 4.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 21.8% · ROA 4.2%FY16ROE 21.8%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 18.9% · ROA 3.2%FY17ROE 18.9%ROA 3.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 4.2% · ROA 0.6%FY18ROE 4.2%ROA 0.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 21.5% · ROA 3.3%FY19ROE 21.5%ROA 3.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -206.6% · ROA -9.1%FY20ROE -206.6%ROA -9.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 34.1% · ROA 1.4%FY21ROE 34.1%ROA 1.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 132.3% · ROA -2.1%FY22ROE 132.3%ROA -2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -11.2% · ROA 0.8%FY23ROE -11.2%ROA 0.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -26.5% · ROA 1.9%FY24ROE -26.5%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -56.1% · ROA 2.9%FY25ROE -56.1%ROA 2.9%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -56.1%ROA 2.9%derived: net income ÷ equity · derived: net income ÷ assets’13’17’21’25

return on equity 12% (FY2010) → -56% (FY2025) · on assets 2.9%

The receipts