Cencora Inc. Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Cencora Inc. has an operating margin of 0.8%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 4/100, suggesting thin profitability after operating expenses. This is up from 0.7% the prior year.
Cencora Inc.'s revenue grew 9.3% year-over-year to $321.3B, a solid pace of expansion. This earns a growth score of 55/100.
Cencora Inc. has elevated debt relative to equity (D/E of 5.00), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Cencora Inc.'s current ratio of 0.90 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.
Cencora Inc.'s free cash flow margin of 1.0% results in a low score of 5/100. Capital expenditures of $668.0M absorb a large share of operating cash flow.
Cencora Inc. earns a strong 103.1% return on equity (ROE), meaning it generates $103 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 233.6% the prior year.
Cencora Inc. scores 4.90, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Cencora Inc. passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Cencora Inc. generates $2.49 in operating cash flow ($3.9B OCF vs $1.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Cencora Inc. (COR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Cencora Inc. generated $321.3B in revenue in fiscal year 2025. This represents an increase of 9.3% from the prior year.
Cencora Inc.'s EBITDA was $3.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.6% from the prior year.
Cencora Inc. generated $3.2B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 7.0% from the prior year.
Cencora Inc. reported $1.6B in net income in fiscal year 2025. This represents an increase of 3.0% from the prior year.
Cencora Inc. earned $7.96 per diluted share (EPS) in fiscal year 2025. This represents an increase of 5.7% from the prior year.
Cencora Inc. held $4.4B in cash against $7.5B in long-term debt as of fiscal year 2025.
Cencora Inc. paid $2.20 per share in dividends in fiscal year 2025. This represents an increase of 7.8% from the prior year.
Cencora Inc. had 194M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Cencora Inc.'s gross margin was 3.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Cencora Inc.'s operating margin was 0.8% in fiscal year 2025, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Cencora Inc.'s net profit margin was 0.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.0 percentage points from the prior year.
Cencora Inc.'s ROE was 103.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 130.6 percentage points from the prior year.
Cencora Inc. spent $435.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 70.8% from the prior year.
Cencora Inc. invested $668.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 37.1% from the prior year.
COR Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $85.9B+6.5% | $80.7B+6.9% | $75.5B-7.4% | $81.5B+9.8% | $74.2B+8.5% | $68.4B-5.3% | $72.3B+7.9% | $66.9B |
| Cost of Revenue | $82.9B+6.6% | $77.8B+7.4% | $72.4B-8.3% | $78.9B+9.9% | $71.8B+9.0% | $65.9B-5.6% | $69.8B+7.9% | $64.7B |
| Gross Profit | $3.1B+5.7% | $2.9B-5.0% | $3.1B+19.6% | $2.6B+6.1% | $2.4B-5.0% | $2.5B+2.8% | $2.5B+9.0% | $2.3B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.8B+7.3% | $1.7B+4.6% | $1.6B+8.7% | $1.5B+6.4% | $1.4B-0.4% | $1.4B-0.7% | $1.4B+7.3% | $1.3B |
| Operating Income | $760.4M-12.4% | $867.7M-16.3% | $1.0B+46.7% | $706.3M+5.0% | $672.5M+21.5% | $553.3M-32.8% | $822.9M+22.8% | $670.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $142.5M-31.0% | $206.5M-2.2% | $211.2M+66.7% | $126.7M-10.0% | $140.7M+206.9% | $45.9M-74.6% | $180.4M+39.2% | $129.6M |
| Net Income | $559.6M-18.6% | $687.4M-4.2% | $717.9M+46.9% | $488.6M+1.1% | $483.5M+14.9% | $420.8M-30.0% | $601.5M+25.4% | $479.6M |
| EPS (Diluted) | $2.87-18.5% | $3.52-4.3% | $3.68+47.2% | $2.50+3.3% | $2.42+15.8% | $2.09-29.9% | $2.98+26.8% | $2.35 |
COR Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $78.4B+2.3% | $76.6B+7.6% | $71.2B+3.1% | $69.1B+2.9% | $67.1B+5.1% | $63.9B-1.3% | $64.7B+3.4% | $62.6B |
| Current Assets | $54.2B+3.7% | $52.2B+12.3% | $46.5B-6.9% | $50.0B+4.8% | $47.7B+8.1% | $44.2B-1.6% | $44.9B+4.8% | $42.8B |
| Cash & Equivalents | $1.8B-59.8% | $4.4B+120.2% | $2.0B-38.7% | $3.2B+2.9% | $3.1B+51.4% | $2.1B-28.0% | $2.9B+10.8% | $2.6B |
| Inventory | $24.1B+17.5% | $20.5B+8.1% | $19.0B-7.5% | $20.5B+7.9% | $19.0B+7.8% | $17.6B-5.5% | $18.7B+6.9% | $17.5B |
| Accounts Receivable | $26.0B+3.0% | $25.2B+6.4% | $23.7B-3.4% | $24.5B+2.8% | $23.9B+5.4% | $22.6B+4.9% | $21.6B+3.2% | $20.9B |
| Goodwill | $13.7B+0.4% | $13.7B-2.9% | $14.1B+53.5% | $9.2B-1.5% | $9.3B-3.1% | $9.6B-0.4% | $9.7B+0.9% | $9.6B |
| Total Liabilities | $76.5B+1.8% | $75.1B+7.0% | $70.2B+2.0% | $68.8B+3.6% | $66.5B+5.8% | $62.8B-1.6% | $63.8B+2.8% | $62.0B |
| Current Liabilities | $59.1B+2.3% | $57.8B+8.4% | $53.3B-2.2% | $54.5B+0.4% | $54.3B+9.1% | $49.8B-2.0% | $50.8B+4.0% | $48.8B |
| Long-Term Debt | $7.6B+0.5% | $7.5B+6.5% | $7.1B+19.4% | $5.9B+55.7% | $3.8B-8.8% | $4.2B-0.1% | $4.2B+1.0% | $4.1B |
| Total Equity | $1.9B+26.5% | $1.5B+48.9% | $1.0B+347.0% | $226.6M-64.9% | $645.9M-40.4% | $1.1B+18.8% | $911.7M+74.7% | $522.0M |
| Retained Earnings | $7.0B+6.6% | $6.5B+2.1% | $6.4B+10.5% | $5.8B+7.0% | $5.4B+5.5% | $5.1B+6.5% | $4.8B+11.5% | $4.3B |
COR Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.3B-173.6% | $3.1B-6.5% | $3.4B+223.3% | -$2.7B-371.8% | $1.0B+213.9% | -$878.4M-199.2% | $885.2M-51.5% | $1.8B |
| Capital Expenditures | $119.4M-52.2% | $249.8M+93.6% | $129.1M+21.9% | $105.9M-41.9% | $182.3M+61.7% | $112.8M+51.9% | $74.2M-57.7% | $175.5M |
| Free Cash Flow | -$2.4B-184.1% | $2.9B-10.5% | $3.2B+214.1% | -$2.8B-445.3% | $818.1M+182.5% | -$991.2M-222.2% | $810.9M-50.9% | $1.7B |
| Investing Cash Flow | -$299.3M+7.0% | -$321.9M+92.1% | -$4.1B-1088.7% | -$343.0M-41.8% | -$241.9M-45.3% | -$166.5M-153.0% | -$65.8M+64.1% | -$183.4M |
| Financing Cash Flow | $43.2M+106.3% | -$683.8M-39.1% | -$491.7M-115.3% | $3.2B+435.2% | -$957.3M-396.2% | $323.2M+158.6% | -$551.7M-35.5% | -$407.0M |
| Dividends Paid | $126.5M+17.7% | $107.5M-3.3% | $111.2M+0.3% | $110.9M+9.8% | $100.9M-5.7% | $107.0M+1.2% | $105.7M+7.5% | $98.3M |
| Share Buybacks | $0-100.0% | $71K-99.9% | $50.0M-87.0% | $385.4M-23.7% | $505.0M+893.2% | $50.8M-86.8% | $385.5M+41.0% | $273.5M |
COR Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.6%-0.0pp | 3.6%-0.5pp | 4.1%+0.9pp | 3.1%-0.1pp | 3.3%-0.5pp | 3.7%+0.3pp | 3.4%+0.0pp | 3.4% |
| Operating Margin | 0.9%-0.2pp | 1.1%-0.3pp | 1.4%+0.5pp | 0.9%-0.0pp | 0.9%+0.1pp | 0.8%-0.3pp | 1.1%+0.1pp | 1.0% |
| Net Margin | 0.7%-0.2pp | 0.9%-0.1pp | 0.9%+0.3pp | 0.6%-0.0pp | 0.7%+0.0pp | 0.6%-0.2pp | 0.8%+0.1pp | 0.7% |
| Return on Equity | 29.3%-5.4pp | 34.7%-36.2pp | 70.9%-144.8pp | 215.6%+163.4pp | 52.3%+13.4pp | 38.9%-27.1pp | 66.0%-3.9pp | 69.9% |
| Return on Assets | 0.7%-0.2pp | 0.9%-0.1pp | 1.0%+0.3pp | 0.7%0.0pp | 0.7%+0.1pp | 0.7%-0.3pp | 0.9%+0.1pp | 0.8% |
| Current Ratio | 0.92+0.0 | 0.90+0.0 | 0.87-0.0 | 0.92+0.0 | 0.880.0 | 0.890.0 | 0.880.0 | 0.88 |
| Debt-to-Equity | 3.97-1.0 | 5.00-2.0 | 7.00-19.2 | 26.20+20.3 | 5.90+2.0 | 3.86-0.7 | 4.59-3.4 | 7.94 |
| FCF Margin | -2.8%-2.7pp | -0.1%-4.4pp | 4.3%+7.7pp | -3.5%-6.7pp | 3.2%+4.6pp | -1.5%-2.6pp | 1.1%+0.2pp | 1.0% |
Note: The current ratio is below 1.0 (0.90), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Cencora Inc.'s annual revenue?
Cencora Inc. (COR) reported $321.3B in total revenue for fiscal year 2025. This represents a 9.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cencora Inc.'s revenue growing?
Cencora Inc. (COR) revenue grew by 9.3% year-over-year, from $294.0B to $321.3B in fiscal year 2025.
Is Cencora Inc. profitable?
Yes, Cencora Inc. (COR) reported a net income of $1.6B in fiscal year 2025, with a net profit margin of 0.5%.
What is Cencora Inc.'s earnings per share (EPS)?
Cencora Inc. (COR) reported diluted earnings per share of $7.96 for fiscal year 2025. This represents a 5.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Cencora Inc.'s EBITDA?
Cencora Inc. (COR) had EBITDA of $3.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Cencora Inc. have?
As of fiscal year 2025, Cencora Inc. (COR) had $4.4B in cash and equivalents against $7.5B in long-term debt.
What is Cencora Inc.'s gross margin?
Cencora Inc. (COR) had a gross margin of 3.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Cencora Inc.'s operating margin?
Cencora Inc. (COR) had an operating margin of 0.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Cencora Inc.'s net profit margin?
Cencora Inc. (COR) had a net profit margin of 0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Cencora Inc. pay dividends?
Yes, Cencora Inc. (COR) paid $2.20 per share in dividends during fiscal year 2025.
What is Cencora Inc.'s return on equity (ROE)?
Cencora Inc. (COR) has a return on equity of 103.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cencora Inc.'s free cash flow?
Cencora Inc. (COR) generated $3.2B in free cash flow during fiscal year 2025. This represents a 7.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cencora Inc.'s operating cash flow?
Cencora Inc. (COR) generated $3.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cencora Inc.'s total assets?
Cencora Inc. (COR) had $76.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cencora Inc.'s capital expenditures?
Cencora Inc. (COR) invested $668.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Cencora Inc. buy back shares?
Yes, Cencora Inc. (COR) spent $435.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Cencora Inc. have outstanding?
Cencora Inc. (COR) had 194M shares outstanding as of fiscal year 2025.
What is Cencora Inc.'s current ratio?
Cencora Inc. (COR) had a current ratio of 0.90 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Cencora Inc.'s debt-to-equity ratio?
Cencora Inc. (COR) had a debt-to-equity ratio of 5.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cencora Inc.'s return on assets (ROA)?
Cencora Inc. (COR) had a return on assets of 2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cencora Inc.'s Altman Z-Score?
Cencora Inc. (COR) has an Altman Z-Score of 4.90, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Cencora Inc.'s Piotroski F-Score?
Cencora Inc. (COR) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cencora Inc.'s earnings high quality?
Cencora Inc. (COR) has an earnings quality ratio of 2.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Cencora Inc.?
Cencora Inc. (COR) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.