Cardinal Health
CAH · Health Care Distributors
$249.57
2.4%Cigna
CI · Health Care Services
$306.95
2.8%The short version
- Cigna is the larger business, with $274.9B of revenue in fiscal 2025 against $254.2B for Cardinal Health.
- Cardinal Health grew revenue faster (14.2%, against 11.2%).
- Cigna kept more of each dollar of sales as operating profit (3.4% operating margin, against 1.0% operating margin).
| Latest fiscal year | CAH · FY26 | CI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $59.1B | $81.0B |
| Revenue | $254.2B | $274.9B |
| Free cash flow | $4.5B | — |
| Net income | $1.7B | $6.0B |
| Growth | ||
| Revenue growth | 14.2% | 11.2% |
| 5-year growth | 9.4% | 11.4% |
| Share count change | −2.1% | −5.2% |
| Profitability | ||
| Gross margin | 3.8% | — |
| Operating margin | 1.0% | 3.4% |
| Net margin | 0.7% | 2.2% |
| FCF margin | 1.8% | — |
| Return on capital | — | 11.7% |
| Return on equity | — | 14.4% |
| Balance sheet | ||
| Net debt | $4.0B | $22.1B |
| Net debt / EBITDA | 1.1x | 1.9x |
| Dividends and buybacks | $1.8B | $5.2B |
| Valuation & quality | ||
| P/E | — | 12.7x |
| Piotroski F-score | 6 | 7 |
FY17
CAH $130.0B
CI $41.8B
FY18
CAH $136.8B
CI $48.7B
FY19
CAH $145.5B
CI $153.6B
FY20
CAH $152.9B
CI $160.4B
FY21
CAH $162.5B
CI $174.1B
FY22
CAH $181.3B
CI $180.5B
FY23
CAH $205.0B
CI $195.3B
FY24
CAH $226.8B
CI $247.1B
FY25
CAH $222.6B
CI $274.9B
FY26
CAH $254.2B
CI —
CAH
CI
FY17
CAH 1.6%
CI 9.4%
FY18
CAH 0.1%
CI 8.6%
FY19
CAH 1.4%
CI 5.3%
FY20
CAH −2.7%
CI 5.1%
FY21
CAH 0.3%
CI 4.6%
FY22
CAH −0.3%
CI 4.7%
FY23
CAH 0.4%
CI 4.4%
FY24
CAH 0.6%
CI 3.8%
FY25
CAH 1.0%
CI 3.4%
FY26
CAH 1.0%
CI —
CAH
CI
FY17
CAH $797M
CI $3.6B
FY18
CAH $2.4B
CI $3.2B
FY19
CAH $2.4B
CI $8.4B
FY20
CAH $1.6B
CI —
FY21
CAH $2.0B
CI —
FY22
CAH $2.8B
CI —
FY23
CAH $2.4B
CI —
FY24
CAH $3.3B
CI —
FY25
CAH $1.9B
CI —
FY26
CAH $4.5B
CI —
CAH
CI
FY17
CAH 13.6%
CI —
FY18
CAH —
CI 6.8%
FY19
CAH —
CI 8.5%
FY20
CAH −36.7%
CI 9.0%
FY21
CAH 9.2%
CI 8.8%
FY22
CAH —
CI 9.7%
FY23
CAH —
CI 12.5%
FY24
CAH —
CI 10.4%
FY25
CAH —
CI 11.7%
FY26
CAH —
CI —
CAH
CI
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.