C

CENCORA, INC.

COR · CIK 0001140859

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

Revenue (FY)
$321.33B9.3%
FY2025
Net income (FY)
$1.55B3.0%
FY2025
Free cash flow (FY)
$3.21B7.0%
FY2025
Diluted EPS (FY)
$7.965.7%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$100B$200B$300BFY2007 · Revenue $65.67B · Net income $469.2M · 0000950123-09-066012 · filed 2009-11-25FY07Revenue $65.67BNet income $469.2M0000950123-09-066012 · filed 2009-11-25FY2008 · Revenue $70.19B · Net income $250.6M · 0000950123-10-108165 · filed 2010-11-23FY08Revenue $70.19BNet income $250.6M0000950123-10-108165 · filed 2010-11-23FY2009 · Revenue $71.76B · Net income $503.4M · 0000950123-11-100028 · filed 2011-11-22FY09Revenue $71.76BNet income $503.4M0000950123-11-100028 · filed 2011-11-22FY2010 · Revenue $77.78B · Net income $636.7M · 0001047469-12-010807 · filed 2012-11-27FY10Revenue $77.78BNet income $636.7M0001047469-12-010807 · filed 2012-11-27FY2011 · Revenue $78.70B · Net income $706.6M · 0001047469-13-010867 · filed 2013-11-26FY11Revenue $78.70BNet income $706.6M0001047469-13-010867 · filed 2013-11-26FY2012 · Revenue $78.08B · Net income $719.0M · 0001047469-14-009555 · filed 2014-11-25FY12Revenue $78.08BNet income $719.0M0001047469-14-009555 · filed 2014-11-25FY2013 · Revenue $87.96B · Net income $433.7M · 0001047469-15-008939 · filed 2015-11-24FY13Revenue $87.96BNet income $433.7M0001047469-15-008939 · filed 2015-11-24FY2014 · Revenue $119.57B · Net income $274.2M · 0001140859-16-000022 · filed 2016-11-22FY14Revenue $119.57BNet income $274.2M0001140859-16-000022 · filed 2016-11-22FY2015 · Revenue $135.96B · Net income −$138.2M · 0001140859-17-000047 · filed 2017-11-21FY15Revenue $135.96BNet income −$138.2M0001140859-17-000047 · filed 2017-11-21FY2016 · Revenue $146.85B · Net income $1.43B · 0001140859-18-000053 · filed 2018-11-20FY16Revenue $146.85BNet income $1.43B0001140859-18-000053 · filed 2018-11-20FY2017 · Revenue $153.14B · Net income $364.5M · 0001140859-19-000040 · filed 2019-11-19FY17Revenue $153.14BNet income $364.5M0001140859-19-000040 · filed 2019-11-19FY2018 · Revenue $167.94B · Net income $1.66B · 0001140859-20-000050 · filed 2020-11-19FY18Revenue $167.94BNet income $1.66B0001140859-20-000050 · filed 2020-11-19FY2019 · Revenue $179.59B · Net income $855.4M · 0001140859-21-000058 · filed 2021-11-23FY19Revenue $179.59BNet income $855.4M0001140859-21-000058 · filed 2021-11-23FY2020 · Revenue $189.89B · Net income −$3.41B · 0001140859-22-000098 · filed 2022-11-22FY20Revenue $189.89BNet income −$3.41B0001140859-22-000098 · filed 2022-11-22FY2021 · Revenue $213.99B · Net income $1.54B · 0001140859-23-000197 · filed 2023-11-21FY21Revenue $213.99BNet income $1.54B0001140859-23-000197 · filed 2023-11-21FY2022 · Revenue $238.59B · Net income $1.70B · 0001140859-24-000177 · filed 2024-11-26FY22Revenue $238.59BNet income $1.70B0001140859-24-000177 · filed 2024-11-26FY2023 · Revenue $262.17B · Net income $1.75B · 0001140859-25-000131 · filed 2025-11-25FY23Revenue $262.17BNet income $1.75B0001140859-25-000131 · filed 2025-11-25FY2024 · Revenue $293.96B · Net income $1.51B · 0001140859-25-000131 · filed 2025-11-25FY24Revenue $293.96BNet income $1.51B0001140859-25-000131 · filed 2025-11-25FY2025 · Revenue $321.33B · Net income $1.55B · 0001140859-25-000131 · filed 2025-11-25FY25Revenue $321.33BNet income $1.55B0001140859-25-000131 · filed 2025-11-25FY25Revenue $321.33BNet income $1.55B0001140859-25-000131 · filed 2025-11-25FY07FY10FY13FY16FY19FY22FY25

revenue 4.9× since FY2007 · net margin 0.7% → 0.5%

MarginsNet marginFCF margin
-2%0%2%FY2007 · Net margin 0.7% · FCF margin 1.7%FY07Net margin 0.7%FCF margin 1.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 0.4% · FCF margin 0.9%FY08Net margin 0.4%FCF margin 0.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 0.7% · FCF margin 0.9%FY09Net margin 0.7%FCF margin 0.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 0.8% · FCF margin 1.2%FY10Net margin 0.8%FCF margin 1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 0.9% · FCF margin 1.3%FY11Net margin 0.9%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 0.9% · FCF margin 1.5%FY12Net margin 0.9%FCF margin 1.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 0.5% · FCF margin 0.7%FY13Net margin 0.5%FCF margin 0.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 0.2% · FCF margin 1.0%FY14Net margin 0.2%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin -0.1% · FCF margin 2.7%FY15Net margin -0.1%FCF margin 2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 1.0% · FCF margin 1.8%FY16Net margin 1.0%FCF margin 1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 0.2% · FCF margin 0.7%FY17Net margin 0.2%FCF margin 0.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 1.0% · FCF margin 0.6%FY18Net margin 1.0%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 0.5% · FCF margin 1.1%FY19Net margin 0.5%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -1.8% · FCF margin 1.0%FY20Net margin -1.8%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 0.7% · FCF margin 1.0%FY21Net margin 0.7%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 0.7% · FCF margin 0.9%FY22Net margin 0.7%FCF margin 0.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 0.7% · FCF margin 1.3%FY23Net margin 0.7%FCF margin 1.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 0.5% · FCF margin 1.0%FY24Net margin 0.5%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 0.5% · FCF margin 1.0%FY25Net margin 0.5%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 0.5%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 0.5% · free cash flow 1.0% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2007 · OCF $1.21B · FCF $1.10B · 0000950123-09-066012 · filed 2009-11-25FY07OCF $1.21BFCF $1.10B0000950123-09-066012 · filed 2009-11-25FY2008 · OCF $737.1M · FCF $599.8M · 0000950123-10-108165 · filed 2010-11-23FY08OCF $737.1MFCF $599.8M0000950123-10-108165 · filed 2010-11-23FY2009 · OCF $783.8M · FCF $637.9M · 0000950123-11-100028 · filed 2011-11-22FY09OCF $783.8MFCF $637.9M0000950123-11-100028 · filed 2011-11-22FY2010 · OCF $1.11B · FCF $932.2M · 0001047469-12-010807 · filed 2012-11-27FY10OCF $1.11BFCF $932.2M0001047469-12-010807 · filed 2012-11-27FY2011 · OCF $1.17B · FCF $1.01B · 0001047469-13-010867 · filed 2013-11-26FY11OCF $1.17BFCF $1.01B0001047469-13-010867 · filed 2013-11-26FY2012 · OCF $1.31B · FCF $1.17B · 0001047469-14-009555 · filed 2014-11-25FY12OCF $1.31BFCF $1.17B0001047469-14-009555 · filed 2014-11-25FY2013 · OCF $788.1M · FCF $585.7M · 0001047469-15-008939 · filed 2015-11-24FY13OCF $788.1MFCF $585.7M0001047469-15-008939 · filed 2015-11-24FY2014 · OCF $1.46B · FCF $1.20B · 0001140859-16-000022 · filed 2016-11-22FY14OCF $1.46BFCF $1.20B0001140859-16-000022 · filed 2016-11-22FY2015 · OCF $3.92B · FCF $3.69B · 0001140859-17-000047 · filed 2017-11-21FY15OCF $3.92BFCF $3.69B0001140859-17-000047 · filed 2017-11-21FY2016 · OCF $3.18B · FCF $2.71B · 0001140859-18-000053 · filed 2018-11-20FY16OCF $3.18BFCF $2.71B0001140859-18-000053 · filed 2018-11-20FY2017 · OCF $1.50B · FCF $1.04B · 0001140859-19-000040 · filed 2019-11-19FY17OCF $1.50BFCF $1.04B0001140859-19-000040 · filed 2019-11-19FY2018 · OCF $1.41B · FCF $1.07B · 0001140859-20-000050 · filed 2020-11-19FY18OCF $1.41BFCF $1.07B0001140859-20-000050 · filed 2020-11-19FY2019 · OCF $2.34B · FCF $2.03B · 0001140859-21-000058 · filed 2021-11-23FY19OCF $2.34BFCF $2.03B0001140859-21-000058 · filed 2021-11-23FY2020 · OCF $2.21B · FCF $1.84B · 0001140859-22-000098 · filed 2022-11-22FY20OCF $2.21BFCF $1.84B0001140859-22-000098 · filed 2022-11-22FY2021 · OCF $2.67B · FCF $2.23B · 0001140859-23-000197 · filed 2023-11-21FY21OCF $2.67BFCF $2.23B0001140859-23-000197 · filed 2023-11-21FY2022 · OCF $2.70B · FCF $2.21B · 0001140859-24-000177 · filed 2024-11-26FY22OCF $2.70BFCF $2.21B0001140859-24-000177 · filed 2024-11-26FY2023 · OCF $3.91B · FCF $3.45B · 0001140859-25-000131 · filed 2025-11-25FY23OCF $3.91BFCF $3.45B0001140859-25-000131 · filed 2025-11-25FY2024 · OCF $3.48B · FCF $3.00B · 0001140859-25-000131 · filed 2025-11-25FY24OCF $3.48BFCF $3.00B0001140859-25-000131 · filed 2025-11-25FY2025 · OCF $3.88B · FCF $3.21B · 0001140859-25-000131 · filed 2025-11-25FY25OCF $3.88BFCF $3.21B0001140859-25-000131 · filed 2025-11-25FY25OCF $3.88BFCF $3.21B0001140859-25-000131 · filed 2025-11-25’09’13’17’21’25

FY2025: $3.88B operating cash − $668.0M capex = $3.21B free cash flow

Returns on capitalReturn on equityReturn on assets
-500%0%500%FY2008 · ROE 9.2% · ROA 2.1%FY08ROE 9.2%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 18.5% · ROA 3.7%FY09ROE 18.5%ROA 3.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 21.6% · ROA 4.4%FY10ROE 21.6%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 24.6% · ROA 4.7%FY11ROE 24.6%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 29.3% · ROA 4.7%FY12ROE 29.3%ROA 4.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 18.7% · ROA 2.3%FY13ROE 18.7%ROA 2.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 14.0% · ROA 1.3%FY14ROE 14.0%ROA 1.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -22.4% · ROA -0.5%FY15ROE -22.4%ROA -0.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 67.1% · ROA 4.2%FY16ROE 67.1%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 17.7% · ROA 1.0%FY17ROE 17.7%ROA 1.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 56.5% · ROA 4.4%FY18ROE 56.5%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 29.7% · ROA 2.2%FY19ROE 29.7%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 334.5% · ROA -7.7%FY20ROE 334.5%ROA -7.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 689.5% · ROA 2.7%FY21ROE 689.5%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -803.0% · ROA 3.0%FY22ROE -803.0%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 334.3% · ROA 2.8%FY23ROE 334.3%ROA 2.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 233.6% · ROA 2.2%FY24ROE 233.6%ROA 2.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 103.1% · ROA 2.0%FY25ROE 103.1%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 103.1%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 9% (FY2008) → 103% (FY2025) · on assets 2.0%

The receipts