Which has the lower trailing P/E, CVS or MCK?

MCK has the lower trailing P/E: CVS trades at 46.00 and MCK at 21.59. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CVS or MCK?

Over the past five years, MCK grew revenue faster — CVS at a 8.52% CAGR versus MCK at 11.11%.

Does CVS or MCK pay a bigger dividend?

CVS yields 2.55% and MCK yields 0.39% based on trailing dividends and the latest price.

Is CVS or MCK more profitable?

MCK runs the higher net margin — CVS at 0.72% versus MCK at 1.18%.

How have CVS and MCK total returns compared?

Over the past 10 years, CVS delivered 3.89% and MCK delivered 16.52% annualized total return. Past performance doesn't predict future results.

CVS Health Corp. (CVS) vs McKesson Corporation (MCK)

A side-by-side comparison of CVS Health Corp. and McKesson Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 5, 2026. Differences are shown without an overall score or investment verdict.

CVS

CVS Health Corp.

$125.27B

$98.18HealthcareDelayed quote: Aug 5, 2026, 11:40 AM EDT

MCK

McKesson Corporation

$98.79B

$843.82HealthcareDelayed quote: Aug 5, 2026, 11:40 AM EDT

Total return — CVS vs MCK

growth of $100 · dividends reinvested · last 30y

CVS +1604.5%MCK +4590.3%MCK compounded faster

CVS MCK

CVS vs MCK: by the numbers

•CVS is the larger company ($125.27B vs $98.79B market cap).
•MCK trades at the lower trailing earnings multiple (21.59 vs 46.00 P/E), one valuation lens rather than an overall verdict.
•MCK converts more revenue to profit (1.18% vs 0.72% net margin).
•MCK grew revenue faster over the past five years (11.11% vs 8.52% CAGR).
•CVS pays the higher dividend yield (2.55% vs 0.39%).

Metrics side by side

Valuation

Metric	CVS	MCK
P/E ratio	46.00	21.59
Forward P/E	14.01	21.29
P/S ratio	0.33	0.25
P/B ratio	1.72	N/A
PEG ratio	N/A	0.46
EV / EBITDA	19.21	15.00
FCF yield	5.54%	5.82%

Profitability

Metric	CVS	MCK
Gross margin	13.87%	3.61%
Operating margin	1.46%	1.58%
Net margin	0.72%	1.18%
ROE	3.79%	-219.24%
ROIC	4.72%	31.48%

Dividends

Metric	CVS	MCK
Dividend yield	2.55%	0.39%
Payout ratio	190.00%	8.51%

Growth (annualized)

Metric	CVS	MCK
Revenue CAGR (5Y)	8.52%	11.11%
EPS CAGR (5Y)	-23.89%	40.71%
FCF CAGR (5Y)	-10.57%	8.76%
Total return CAGR (5Y)	8.60%	32.96%

Frequently asked

Which has the lower trailing P/E, CVS or MCK?: MCK has the lower trailing P/E: CVS trades at 46.00 and MCK at 21.59. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CVS or MCK?: Over the past five years, MCK grew revenue faster — CVS at a 8.52% CAGR versus MCK at 11.11%.
Does CVS or MCK pay a bigger dividend?: CVS yields 2.55% and MCK yields 0.39% based on trailing dividends and the latest price.
Is CVS or MCK more profitable?: MCK runs the higher net margin — CVS at 0.72% versus MCK at 1.18%.
How have CVS and MCK total returns compared?: Over the past 10 years, CVS delivered 3.89% and MCK delivered 16.52% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CVS analysis Full MCK analysis Interactive comparison tool

Dig into the metrics

CVS Health P/E ratio McKesson P/E ratio CVS Health dividend yield McKesson dividend yield CVS Health ROE McKesson ROE CVS Health operating margin McKesson operating margin CVS Health revenue growth McKesson revenue growth CVS Health free cash flow McKesson free cash flow

CVS Health & McKesson appear in these rankings

Highest Dividend Yield Stocks Highest ROIC Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 5, 2026.