Cencora, Inc. (COR) Stock

Cencora, Inc. (COR) is a Consumer Discretionary stock trading at $307.84 (as of 2026-07-17), with a market capitalization of $59.89B and a trailing P/E of 23.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Cencora, Inc. supplies and distributes pharmaceutical products internationally and in the United States. Its segments include distribution and related services for U.S. healthcare providers and retail pharmacies, and offerings supporting biopharmaceutical and healthcare customers such as supply management and software, clinical trial and commercialization support, packaging, and analytics.

Understand Cencora, Inc.: how it makes money

Cencora sources and distributes pharmaceutical products, including generic and injectable medications, over-the-counter healthcare products, home healthcare supplies and equipment, plasma and other blood products, vaccines, and other specialty pharmaceutical products, mainly to hospitals, pharmacies, and other healthcare providers in the United States and internationally, generating revenue by distributing and supplying these products and related services to its customers.

Because it is a distributor of pharmaceuticals and specialty products to a wide range of healthcare customers, its profit engine is the volume and mix of delivered drug and specialty product categories across the U.S. and international businesses.

Revenue by segment (latest quarter)
US Health$71.7B
Intl Health$7.2B

Business quality (Mixed): The company operates with U.S. Healthcare Solutions and International Healthcare Solutions, but the provided consolidated versus segment revenue figures do not reconcile perfectly, so segment shares should be treated as approximate based on the given data.

Valuation: At 22× earnings, COR trades 10% below the Wholesale average (24×). Note: one-time items can distort reported P/E.

Bull case

  • Broad healthcare product and service mix: The U.S. Healthcare Solutions segment distributes generic and injectable pharmaceuticals, over-the-counter products, home healthcare supplies and equipment, plasma and other blood products, vaccines, and other specialty pharmaceutical products.
  • Diverse customer types in the U.S: Products and related services are supplied to acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, and other customers.
  • A meaningful GLP-1 line item in U.S. commentary: GLP-1 product sales are specifically called out in U.S. segment commentary (3.2B).

Bear case

  • Thin profitability: The provided gross margin is 4.6% and operating margin is 1.5% for the latest period (2026-03-31), which suggests limited cushion if distribution costs change or product mix shifts.
  • International business is smaller than U.S: International Healthcare Solutions revenue (7.2B) is much smaller than U.S. Healthcare Solutions revenue (71.7B), so results may be more dependent on the U.S. business.
Valuation — source: SEC EDGAR (first-party)
Price$307.84
Market Cap$59.89B
P/E Ratio23.5
EV / EBITDA17.5
Price / Book16.71
Price / Sales0.18
FCF Yield3.3%
DCF Value (model)$113.69
DCF Upside vs Price-63.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$321.33B
Net Margin0.5%
Revenue Growth (YoY)3.8%
EPS Growth (YoY)128.1%
FCF Growth (YoY)-414.8%
Financial Health — source: SEC EDGAR
Altman Z-Score4.82 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E23.5
Sector P/E (Consumer Discretionary)21.6
Industry P/E (Wholesale)25.2
vs Sector9.0%
vs Industry-6.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($7.98B)
Institutional Holders Tracked10
Congressional Trades (recent)9
Company
SectorConsumer Discretionary
IndustryWholesale
CEORobert Mauch
Employees47,000
CountryUS
IPO Date1995-04-04

Related Companies (Wholesale (FF48 industry); 8 closest by market cap; US-domiciled)

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  • Cardinal Health, Inc. (CAH)
  • Sysco Corporation (SYY)
  • US Foods Holding Corp. (USFD)
  • Performance Food Group Company (PFGC)
  • Domino's Pizza, Inc. (DPZ)
  • Seaboard Corporation (SEB)
COR earnings history · COR institutional & insider holders · COR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.