Drug Distributor / Pharmaceutical Wholesale

Scale pharmaceutical wholesalers that buy drugs from manufacturers and distribute them to retail pharmacies, health systems, specialty providers, physician practices, and other healthcare sites. Revenue is extremely large because drug cost passes through the distributor income statement, while operating margin is typically only about 1-2%. The investment case is driven by logistics density, custom

Each company on its own headline number

TickerCompanyTheir metricPeriodYoYA year ago
HSICHenry Schein, Inc.Non-GAAP diluted EPSFY2026-Q2+15.5%-10.6%
CAHCardinal Health, Inc.Pharmaceutical and Specialty SolutionsFY2026-Q4+6.2%-0.4%
MCKMcKesson CorporationMedical-Surgical Solutions RevenueFY2027-Q1+4.4%+2.5%
SYYSysco CorporationDiluted earnings per share adjusted for Certain Items (Non-GAAP)FY2026-Q4+3.4%+6.5%
CORCencora, Inc.U.S. Healthcare SolutionsFY2026-Q3+3.8%+7.3%
MDLNMedline Inc.Adjusted EBITDAFY2026-Q1

Where they use the same metric

  • Share Repurchases — reported by 4 of 8
  • Adjusted operating income — reported by 3 of 8
  • Adjusted operating expenses — reported by 3 of 8
  • Adjusted EBITDA — reported by 3 of 8

A side-by-side appears only when three or more companies report the same metric under their own definition. Nothing is translated from one company's segment into another's.

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