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NYSE · Healthcare

Cencora, Inc. (COR)

As-reported financials and SEC filings for Cencora, Inc. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Cencora, Inc.

Cencora, Inc. is a global pharmaceutical sourcing and distribution company that supplies brand-name, specialty, and generic pharmaceuticals, as well as over-the-counter healthcare products and medical supplies. The company serves healthcare providers such as hospitals, pharmacies, clinics, and veterinarians, primarily in the United States and select international markets. Cencora also offers value-added services including data analytics, consulting, logistics, inventory management, and pharmacy automation to support both healthcare providers and pharmaceutical manufacturers.

Snapshot

Revenue
$321.33B
Revenue growth (YoY)
9.3%
Net income
$1.55B
Diluted EPS
$7.96
Gross margin
3.6%
Operating margin
0.8%
Net margin
0.5%
FCF margin
1.0%
ROE
89.0%
net income / fiscal-year-end equity
P/E
24.6×
trailing when available, otherwise FY EPS
Market cap
$63.15B
Long-term debt / equity
4.32×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Cencora

  • Revenue grew 9.3% to $321.3B in FY2025, slower than the 12.1% the year before.
  • Operating margin is 0.8% in FY2025, -0.3 pp against 1.1% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $84.8B, up 5.1% from Q3 FY2025.
  • Free cash flow was $3.2B in FY2025, 1.0% of revenue.
  • Net income rose 3.0% to $1.6B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Cencora’s fundamentals sit among the 558 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin3.6%
1st percentile of 282
Operating margin0.8%
51st percentile of 399
Net margin0.5%
53rd percentile of 418
FCF margin1.0%
43rd percentile of 373
Revenue growth (YoY)+9.3%
49th percentile of 538
ROE89.0%
98th percentile of 473
P/E24.6×
51st percentile of 201
Long-term debt / equity4.32×
95th percentile of 243
Short interest2.39d
24th percentile of 557

Cencora’s gross margin of 3.6% ranks in the 1st percentile of the 282 Healthcare companies reporting it. Cencora’s return on equity of 89.0% ranks in the 98th percentile of the 473 Healthcare companies reporting it. Cencora’s long-term debt to equity of 4.32 ranks in the 95th percentile of the 243 Healthcare companies reporting it.

2 reported insider purchases (code P) totaling $1.2M in the last 90 days, against 2 sales totaling $4.0M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$972.1M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$386.7M1.4MAdded
Millennium ManagementquantQ2 2026$269.0M950.5KAdded
Point72 Asset ManagementquantQ2 2026$171.1M604.7KAdded
AQR Capital ManagementquantQ2 2026$76.4M272.7KReduced
Gotham Asset ManagementQ2 2026$30.0M105.9KAdded
D. E. ShawquantQ2 2026$16.4M57.8KReduced
Bridgewater AssociatesQ2 2026$9.6M34.0KAdded
Renaissance TechnologiesquantQ2 2026$6.7M23.6KNew
Two Sigma InvestmentsquantQ2 2026$6.3M22.2KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
2
2 insiders
Bought (90d)
$1.2M
code P value
Sells (90d)
2
$4.0M
Reported activity
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-09-01
filed 2026-09-02
Krikorian LazarusSVP & Chief Accounting OfficerSell985$325.97$321K
2026-08-24
filed 2026-08-25
Campbell Elizabeth SExecutive Vice PresidentSell11.3K$324.12$3.7M
2026-06-22
filed 2026-06-24
Tyler Lauren MDirectorBuy550$270.23$149K
2026-06-18
filed 2026-06-22
DURCAN DERMOT MARKDirectorBuy4.0K$274.19$1.1M
2026-05-28
DURCAN DERMOT MARKDirectorBuy4.0K$266.26$1.1M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.6M
settled 2026-08-14
Change vs prior
-10.1%
vs previous settlement
Days to cover
2.39
at avg daily volume
Avg daily volume
1.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.6M-10.1%2.39
2026-07-315.2M-12.0%4.17
2026-07-155.9M+6.8%3.91
2026-06-305.5M-11.8%2.99
2026-06-156.2M+12.9%4.74
2026-05-295.5M+4.5%3.00
2026-05-155.3M+1.9%1.82
2026-04-305.2M+7.2%3.45

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$321.33B$293.96B$262.17B$238.59B$213.99B
Gross profit$11.48B$9.91B$8.96B$8.30B$6.94B
Operating income$2.63B$2.18B$2.34B$2.37B$2.35B
Net income$1.55B$1.51B$1.75B$1.70B$1.54B
Diluted EPS$7.96$7.53$8.53$8.04$7.39

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$4.36B$3.13B$2.59B$3.39B$2.55B
Current assets$52.24B$47.72B$42.80B$39.59B$38.80B
Total assets$76.59B$67.10B$62.56B$56.56B$57.34B
Current liabilities$57.82B$54.28B$48.83B$43.48B$41.36B
Long-term debt$7.54B$3.81B$4.15B$4.63B$6.38B
Total liabilities$74.84B$66.31B$61.89B$56.49B$56.75B
Total equity$1.75B$786.7M$666.3M$71.3M$584.4M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.88B$3.48B$3.91B$2.70B$2.67B
Capital expenditure$668.0M$487.2M$458.4M$496.3M$438.2M
Free cash flow$3.21B$3.00B$3.45B$2.21B$2.23B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$84.75B5.1%$763.5M$3.94
Q2 FY2026$78.36B3.8%$1.64B$8.40
Q1 FY2026$85.93B5.5%$559.6M$2.87
Q4 FY2025$83.73B5.9%$-339.7M$-1.74
Q3 FY2025$80.66B8.7%$687.4M$3.52
Q2 FY2025$75.45B10.3%$717.9M$3.68
Q1 FY2025$81.49B12.8%$488.6M$2.50
Q4 FY2024$79.05B14.7%$3.4M$0.02

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorHealthcare
SIC industryWholesale-Drugs, Proprietaries & Druggists' Sundries
Latest annual periodFY2025 (ended September 30, 2025)
Latest reported quarterQ3 FY2026 (ended June 30, 2026)
Oldest indexed filing2018
SEC CIK1140859

Selected SEC filings

10-K2025-11-25
View on EDGAR →
10-K2024-11-26
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2026-02-04
View on EDGAR →
10-Q2025-08-06
View on EDGAR →
8-K2026-08-14
View on EDGAR →
8-K2026-08-12
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.