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12

McKesson

MCK

U.S.

McKesson, the largest U.S. pharmaceutical distributor, is facing some major headwinds these days. After years of strong sales growth thanks to generic drug price inflation, that tailwind is expected to slow and cut into the company’s overall revenue growth this year. McKesson also recently lost a handful of customers and could potentially lose another $13 billion worth of revenue in 2018 when (or if) Rite Aid is acquired by Walgreens. Management has been working on a series of maneuvers to lessen these blows, including acquiring strategic bolt-on companies to replace lost business and implementing a restructuring plan that’s expected to generate about $180 million in savings this fiscal year.

CEO

John H. Hammergren

Sector

Wholesalers

Industry

Wholesalers: Health Care

HQ Location

San Francisco, CA

Employees

68,000

Years on Global 500 List

22

Includes revenues from discontinued operations.Figures are for fiscal year ended March 31, 2016.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$192,4876.2%
Profits ($M)$2,25853.0%
Assets ($M)$56,563
Total Stockholder Equity ($M)$8,924
Profit Ratios
Profit as % of Revenues1.2%
Profits as % of Assets4.0%
Profits as % of Stockholder Equity25.3%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
  • Next Earnings Date:
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  • 52 Week High:
  • 52 Week Low:
  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

News about McKesson

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The decision to sue is seen as an acknowledgment opioid makers won’t get serious about settling until the cases go to trial.

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Why Trump's Big Drug Price Speech Sent Health Care Stocks Soaring

The president's drug price proposals didn't shake big pharma and other health care companies.

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The Justice Department Is Getting In on the War on Opioids

Attorney General Jeff Sessions announced a "statement of intent" to prop up suits against opioid makers and distributors.

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Amazon, Berkshire Hathaway and J.P. Morgan Are Forming a Non-Profit Health Care Venture

Sparking a selloff in the shares of a host of health care-related companies.

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Videos about McKesson

Ground Zero for the Opioid Crisis

Devastated by addiction, West Virginia is fighting back with lawsuits against big drug distributors.

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The Rise in Health Care Companies on the Fortune 500

How health care is playing a larger role in the economy and on this year’s Fortune 500 list.

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What is the Global 500?

Fortune's Brian O'Keefe, Leigh Gallagher, Andrew Nusca and Scott DeCarlo introduce us to the magazine's list of the world's biggest companies. See the full Global 500 list, here.

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