Cardinal Health (CAH) FY2025 results: revenue $222.6 billion, down 1.9% on the year
Cardinal Health Inc. (CAH) reported revenue of $222.6 billion for fiscal 2025, the year ended 30 June 2025, down 1.9% on the year before. Net income was $1.6 billion, up 83.2%, and diluted earnings per share $6.45. The figures are the company's own, from the 10-K it filed with the SEC on 12 August 2025.
Revenue
$222.6 billion
-1.9% on the year
FY2018FY2025
Operating margin
1.0%
0.5% a year earlier
FY2018FY2025
Net income
$1.6 billion
+83.2% on the year
FY2018FY2025
Diluted EPS
$6.45
+87.0% on the year
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
2,397
3,762
2,839
-36.3%
Capital expenditure
547
511
481
+7.0%
Free cash flow
1,850
3,251
2,358
-43.1%
Free cash flow margin
0.8%
1.4%
1.2%
Cash from investing
-5,593
-1,849
-454
Cash from financing
1,940
-847
-3,051
Depreciation and amortisation
790
710
692
+11.3%
Share-based compensation
244
121
96.0
+101.7%
Buybacks
765
750
2,000
+2.0%
Dividends paid
494
499
525
-1.0%
Dividend per share
$2.02
$2.00
$1.98
+1.0%
Diluted shares, weighted
242m
247m
262m
-2.0%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
-2,781
-3,213
-2,958
Non-controlling interest
147
1.0
1.0
+14,600.0%
Debt
8,527
5,100
4,700
+67.2%
Operating lease liabilities
654
400
375
+63.5%
Finance lease liabilities
157
75.0
59.0
+109.3%
Other liabilities
46,418
42,758
41,240
+8.6%
Total liabilities and equity
53,122
45,121
43,417
+17.7%
Fixed assets
2,858
2,529
2,462
+13.0%
Goodwill
9,691
4,725
4,609
+105.1%
Intangible assets
2,486
1,725
1,472
+44.1%
Investments
n/a
200
n/a
Cash and equivalents
3,874
5,133
4,076
-24.5%
Receivables
13,242
12,084
11,108
+9.6%
Inventory
16,831
14,957
16,119
+12.5%
Other assets
4,140
3,768
3,571
+9.9%
Total assets
53,122
45,121
43,417
+17.7%
10-K for the year ended 30 June 2025, filed 12 August 2025: the filing.