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

MCK has the lower trailing P/E: DHR trades at 36.88 and MCK at 24.30. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, DHR or MCK?

Over the past five years, MCK grew revenue faster — DHR at a 1.97% CAGR versus MCK at 10.88%.

Does DHR or MCK pay a bigger dividend?

DHR yields 0.69% and MCK yields 0.36% based on trailing dividends and the latest price.

Is DHR or MCK more profitable?

DHR runs the higher net margin — DHR at 15.95% versus MCK at 1.12%.

How have DHR and MCK total returns compared?

Over the past 10 years, DHR delivered 11.74% and MCK delivered 18.26% annualized total return. Past performance doesn't predict future results.

Danaher Corporation (DHR) vs McKesson Corporation (MCK)

A side-by-side comparison of Danaher Corporation and McKesson Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 7, 2026. Differences are shown without an overall score or investment verdict.

DHR

Danaher Corporation

$145.98B

$207.66HealthcareDelayed quote: Sep 4, 2026, 4:02 PM EDT

MCK

McKesson Corporation

$106.31B

$907.99HealthcareDelayed quote: Sep 4, 2026, 4:00 PM EDT

Total return — DHR vs MCK

growth of $100 · dividends reinvested · last 10y

DHR +215.2% (+12.2%/yr)MCK +435.5% (+18.3%/yr)MCK compounded faster over this window

DHR MCK

DHR vs MCK: by the numbers

•DHR is the larger company ($145.98B vs $106.31B market cap).
•MCK trades at the lower trailing earnings multiple (24.30 vs 36.88 P/E), one valuation lens rather than an overall verdict.
•DHR converts more revenue to profit (15.95% vs 1.12% net margin).
•MCK grew revenue faster over the past five years (10.88% vs 1.97% CAGR).
•DHR pays the higher dividend yield (0.69% vs 0.36%).

Metrics side by side

Valuation

Metric	DHR	MCK
P/E ratio	36.88	24.30
Forward P/E	24.42	23.28
P/S ratio	5.85	0.26
P/B ratio	2.79	N/A
EV / EBITDA	23.42	15.47
FCF yield	3.72%	5.71%

Profitability

Metric	DHR	MCK
Gross margin	58.51%	3.64%
Operating margin	20.42%	1.62%
Net margin	15.95%	1.12%
ROE	7.61%	N/A
ROIC	5.03%	28.34%

Dividends

Metric	DHR	MCK
Dividend yield	0.69%	0.36%
Payout ratio	25.58%	8.78%

Growth (annualized)

Metric	DHR	MCK
Revenue CAGR (5Y)	1.97%	10.88%
EPS CAGR (5Y)	0.40%	40.71%
FCF CAGR (5Y)	-2.83%	13.40%
Total return CAGR (5Y)	-6.30%	35.18%

Frequently asked

Which has the lower trailing P/E, DHR or MCK?: MCK has the lower trailing P/E: DHR trades at 36.88 and MCK at 24.30. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, DHR or MCK?: Over the past five years, MCK grew revenue faster — DHR at a 1.97% CAGR versus MCK at 10.88%.
Does DHR or MCK pay a bigger dividend?: DHR yields 0.69% and MCK yields 0.36% based on trailing dividends and the latest price.
Is DHR or MCK more profitable?: DHR runs the higher net margin — DHR at 15.95% versus MCK at 1.12%.
How have DHR and MCK total returns compared?: Over the past 10 years, DHR delivered 11.74% and MCK delivered 18.26% annualized total return. Past performance doesn't predict future results.

Go deeper

Full DHR analysis Full MCK analysis Interactive comparison tool

Dig into the metrics

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

Danaher & McKesson appear in these rankings

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 September 7, 2026.