Cardinal Health Inc (CAH)

Net profit margin

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Net income (ttm) US$ in thousands 1,561,000 1,558,000 1,310,000 1,263,000 852,000 552,000 639,000 156,000 261,000 463,000 -1,272,000 -1,093,000 -932,000 -954,000 555,000 1,135,000 611,000 1,151,000 1,382,000 973,000
Revenue (ttm) US$ in thousands 222,578,000 222,286,000 222,319,000 224,500,000 226,986,000 220,572,000 216,148,000 210,172,000 205,012,000 198,662,000 193,011,000 186,999,000 181,364,000 176,847,000 171,286,000 167,370,000 162,467,000 156,570,000 156,452,000 154,646,000
Net profit margin 0.70% 0.70% 0.59% 0.56% 0.38% 0.25% 0.30% 0.07% 0.13% 0.23% -0.66% -0.58% -0.51% -0.54% 0.32% 0.68% 0.38% 0.74% 0.88% 0.63%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,561,000K ÷ $222,578,000K
= 0.70%

The net profit margin of Cardinal Health Inc. has demonstrated notable fluctuations over the analyzed period, reflecting varying operational efficiencies and profitability. Starting from a modest 0.63% as of September 30, 2020, the margin increased modestly to 0.88% by the end of 2020, indicating some improvement in profitability. Throughout 2021, it remained relatively stable with minor fluctuations, peaking at 0.74% in March and declining to 0.32% by the end of the year.

In 2022, the company experienced negative net profit margins, with figures declining to -0.66% by December, and continuing negative through the first three quarters of 2023. The margins reached their lowest point at -0.66% in December 2022, indicating periods of net losses relative to revenues. However, starting from March 2023, the net profit margin showed signs of recovery, turning positive at 0.23%, and maintaining relatively low yet positive values through mid-2023.

Moving into later periods, there has been a gradual upward trend in net profit margins, reaching approximately 0.70% by March and June 2025, with the most recent data indicating a margin of 0.70% as of June 2025. This progression suggests a trend toward improved profitability, moving from negative territory back into positive margins.

Overall, the net profit margin trend indicates periods of financial strain, particularly in late 2022 and part of 2023, followed by a gradual recovery trajectory. The recent positive and increasing margins imply potential improvements in operational performance and cost management, although margins remain relatively modest, highlighting ongoing challenges in achieving high profitability levels.


Peer comparison

Jun 30, 2025

Company name
Symbol
Net profit margin
Cardinal Health Inc
CAH
0.70%
Cencora Inc.
COR
0.51%
McKesson Corporation
MCK
0.92%