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Screener / SEC EDGAR /CIK 0000721371 /10-K filed Aug 11, 2026, compared with Aug 12, 2025 /Numbers from the XBRL of the 10-Ks
Health care peers:
CICAHCORELVCNCHUM
NYSE Health care · Drug Wholesale

Cardinal Health CAH

CAH quote by TradingView
Employees
63,900
Headquarters
Dublin, OH
CEO
Jason M. Hollar
Next results
around Feb 4, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $254.2B through the costs to a net profit of $1.7B · income statement of the 10-K

1% operating margin
Revenue to Gross profit: $9.8BRevenue to Cost of revenue: $244.5BGross profit to Operating profit: $2.6BGross profit to Operating expenses: $7.2BOperating profit to Net profit: $1.7BOperating profit to Tax & other: $899.0M Revenue: $254.2B REVENUE $254.2B +14% Y/Y Gross profit: $9.8B · 4% margin GROSS PROFIT $9.8B 4% margin · +20% Y/Y Cost of revenue: $244.5B · 96% of revenue COST OF REVENUE $244.5B 96% of revenue Operating profit: $2.6B · 1% margin OPERATING PROFIT $2.6B 1% margin · +15% Y/Y Operating expenses: $7.2B · 3% of revenue OPERATING EXPENSES $7.2B 3% of revenue Net profit: $1.7B · 1% margin NET PROFIT $1.7B 1% margin · +10% Y/Y Tax & other: $899.0M · 0% of revenue TAX & OTHER $899.0M 0% of revenue
Gross profit $9.8B 4% margin · +20% Y/Y
Operating profit $2.6B 1% margin · +15% Y/Y
Net profit $1.7B 1% margin · +10% Y/Y
The full income statement, year by year

CAH among Health care peers

Six ratios from the latest 10-K. Each corner is the share of 59 peers the company is above, not a score.

Compare
Revenue growth: 14.2%, above 86% of 59 peers (their median 7.1%) REVENUE GROWTH 14.2% · above 86% Gross margin: 3.9%, above 2% of 50 peers (their median 65.2%) GROSS MARGIN 3.9% · above 2% Operating margin: 1.0%, above 12% of 50 peers (their median 13.7%) OPERATING MARGIN 1.0% · above 12% Net margin: 0.7%, above 7% of 59 peers (their median 9.7%) NET MARGIN 0.7% · above 7% FCF margin: 1.9%, above 7% of 55 peers (their median 15.8%) FCF MARGIN 1.9% · above 7%
CAH Peer median Below the median

What changed

17 new risk paragraphs. 10-K filed Aug 11, 2026 against Aug 12, 2025.

Risk factors
17 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
11 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables +4.3% vs revenue +14.2% (-9.9 pts)
  • Cash from operations $5.2B vs net income $1.7B (FY ending Jun 30, 2026)
  • Inventory +2.8% vs revenue +14.2% (-11.5 pts)
8 more checks with nothing to note
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Reports; Valuation of Goodwill
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

17 paragraphs in Risk Factors that were not in the 10-K filed Aug 12, 2025. Quoted as filed.

All 17 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Aug 12, 2025 10-K, ITEM 1A
    During fiscal 2026, we received two Notices of Proposed Adjustment ("NOPA") from the IRS in connection with their audit of our fiscal years 2015-2020. Under one of these NOPAs, the IRS is challenging the tax deductibility of self-insurance pre-tax losses and related carryback claims taken under the Coronavirus Aid, Relief and Economic…
  2. Item 1A · new paragraph · not in the 10-K filed Aug 12, 2025 10-K, ITEM 1A
    There have been increasing efforts in the United States by Congress, the Executive Branch and state and federal agencies, including state boards of pharmacy, departments of health, the FDA, DEA, FTC and others to regulate the pharmaceutical supply chain in an attempt to prevent diversion and the introduction of counterfeit, adulterated…
  3. Item 1A · new paragraph · not in the 10-K filed Aug 12, 2025 10-K, ITEM 1A
    From time to time, we determine that products we distribute, source, manufacture or market do not meet our specifications, regulatory requirements, or published standards. While we investigate and seek to take corrective action when we or a regulatory agency identify a potential quality or regulatory issue, there is no assurance that…
  4. Item 1A · new paragraph · not in the 10-K filed Aug 12, 2025 10-K, ITEM 1A
    In February 2025, the United States imposed tariffs under the International Emergency Economic Powers Act (IEEPA) on certain goods, materials, and products imported into the United States from countries where we do business. In February 2026, the U.S. Supreme Court ruled that the IEEPA tariffs were unlawful. In April 2026 and June 2026,…

New risk paragraphs, against peers

Latest 10-K of each, Health care companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$205.0B$226.8B$222.6B$254.2B
Net income$330.0M$852.0M$1.6B$1.7B
Operating cash flow$2.8B$3.8B$2.4B$5.2B
Free cash flow$2.4B$3.3B$1.9B$4.5B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$254.2B ▲ 14.2% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Cardinal Health, Dublin, OH · from the 10-K filed Aug 11, 2026

Headquarters
Dublin, OH
Country
United States
Listed on
NYSE
Fiscal year ends
June 30
Last results
Nov 5, 2026
Incorporated in
OH

Employees, at the top of the page: "As of June 30, 2026, we had approximately 63,900 employees globally, of which approximately: • 18,100 are based outside the United States; • 92% are full time employees; • 37,000 worked in our distribution centers, manufacturing facilities, pharmacies, or were non-provider employees of our MSO platf" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Aug 11, 2026 (open at SEC), compared with the 10-K filed Aug 12, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/CAH/export.csv") into a cell.