Is MCK or MDT cheaper?

On trailing earnings, MCK is cheaper: MCK trades at a 19.51 P/E and MDT at 21.27.

Which has grown faster, MCK or MDT?

Over the past five years, MCK grew revenue faster — MCK at a 11.11% CAGR versus MDT at 5.18%.

Does MCK or MDT pay a bigger dividend?

MCK yields 0.44% and MDT yields 3.58% based on trailing dividends and the latest price.

Is MCK or MDT more profitable?

MDT runs the higher net margin — MCK at 1.18% versus MDT at 13.20%.

Which has been the better investment, MCK or MDT?

Over the past 10-year, MCK delivered the higher annualized total return — MCK at 16.38% versus MDT at 2.05%. Past performance doesn't predict future results.

McKesson Corporation (MCK) vs Medtronic plc (MDT)

MCK leads on 9 of 16 compared metrics.

A side-by-side comparison of McKesson Corporation and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 19, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — MCK vs MDT

growth of $100 · last 30y

MCK +3003.1%MDT +473.3%MCK compounded faster

Log scale — wide-divergence pair

MCK MDT

MCK vs MDT: by the numbers

•MDT is the larger company ($101.86B vs $87.88B market cap).
•MCK trades at the lower earnings multiple (19.51 vs 21.27 P/E).
•MDT converts more revenue to profit (13.20% vs 1.18% net margin).
•MCK grew revenue faster over the past five years (11.11% vs 5.18% CAGR).
•MDT pays the higher dividend yield (3.58% vs 0.44%).

Which is better, MCK or MDT?

Metric tally: MCK 9 · MDT 7

It depends on what you're optimizing for:

ValueMCK(lower P/E)

GrowthMCK(faster 5Y revenue CAGR)

IncomeMDT(higher dividend yield)

QualityMCK(higher ROIC)

Metrics side by side

Valuation

Metric	MCK	MDT
P/E ratio	19.51●	21.27
Forward P/E	14.90	12.41●
P/S ratio	0.23●	2.81
P/B ratio	—	2.07
PEG ratio	0.46●	6.73
EV / EBITDA	13.79	13.19●
FCF yield	6.44%●	5.31%

Profitability

Metric	MCK	MDT
Gross margin	3.61%	65.02%●
Operating margin	1.58%	17.78%●
Net margin	1.18%	13.20%●
ROE	-219.24%	9.70%●
ROIC	31.48%●	6.13%

Dividends

Metric	MCK	MDT
Dividend yield	0.44%	3.58%●
Payout ratio	8.51%	75.73%

Growth (annualized)

Metric	MCK	MDT
Revenue CAGR (5Y)	11.11%●	5.18%
EPS CAGR (5Y)	40.71%●	0.83%
FCF CAGR (5Y)	8.76%●	3.07%
Total return CAGR (5Y)	33.07%●	-5.59%

Frequently asked

Which is better, MCK or MDT?: It depends on your goal. value: MCK (lower P/E); growth: MCK (faster 5Y revenue CAGR); income: MDT (higher dividend yield); quality: MCK (higher ROIC). Across all compared metrics, MCK leads 9 to 7.
Is MCK or MDT cheaper?: On trailing earnings, MCK is cheaper: MCK trades at a 19.51 P/E and MDT at 21.27.
Which has grown faster, MCK or MDT?: Over the past five years, MCK grew revenue faster — MCK at a 11.11% CAGR versus MDT at 5.18%.
Does MCK or MDT pay a bigger dividend?: MCK yields 0.44% and MDT yields 3.58% based on trailing dividends and the latest price.
Is MCK or MDT more profitable?: MDT runs the higher net margin — MCK at 1.18% versus MDT at 13.20%.
Which has been the better investment, MCK or MDT?: Over the past 10-year, MCK delivered the higher annualized total return — MCK at 16.38% versus MDT at 2.05%. Past performance doesn't predict future results.

Go deeper

Full MCK analysis Full MDT analysis Interactive comparison tool

Dig into the metrics

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

McKesson & Medtronic appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROIC Stocks Highest FCF Yield 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 June 19, 2026.