McKesson Corporation (MCK)

Net profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	3,002,000	3,560,000	1,114,000	-4,539,000	900,000
Revenue	US$ in thousands	308,734,000	276,496,000	263,638,000	238,047,000	230,835,000
Net profit margin		0.97%	1.29%	0.42%	-1.91%	0.39%

March 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $3,002,000K ÷ $308,734,000K
= 0.97%

The net profit margin of McKesson Corporation has fluctuated over the past five years. From March 2020 to March 2021, the net profit margin significantly decreased from 0.39% to -1.91%, indicating a period of unprofitability. However, there was a notable recovery in the subsequent year, with the net profit margin improving to 0.42% by March 2022.

In the most recent year, ending in March 2023, the net profit margin further increased to 1.29%, reflecting improved profitability for the company. However, by the end of March 2024, there was a slight decline in the net profit margin to 0.97%, but it still remained higher compared to the previous years.

Overall, the fluctuations in the net profit margin of McKesson Corporation suggest variability in its profitability performance over the years, with notable improvements in recent years following a period of negative profitability in 2021.