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

MCK has the lower trailing P/E: MCK trades at 22.26 and MDT at 22.89. P/E is one valuation measure and does not by itself establish which business is cheaper.

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 0.38% and MDT yields 3.34% 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%.

How have MCK and MDT total returns compared?

Over the past 10 years, MCK delivered 16.86% and MDT delivered 2.42% annualized total return. Past performance doesn't predict future results.

McKesson Corporation (MCK) vs Medtronic plc (MDT)

A side-by-side comparison of McKesson Corporation and Medtronic plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 3, 2026. Differences are shown without an overall score or investment verdict.

MCK

McKesson Corporation

$100.48B

$858.19HealthcareDelayed quote: Aug 3, 2026, 10:15 AM EDT

MDT

Medtronic plc

$110.66B

$86.45HealthcareDelayed quote: Aug 3, 2026, 10:15 AM EDT

Total return — MCK vs MDT

growth of $100 · dividends reinvested · last 30y

MCK +4961.3%MDT +1069.2%MCK compounded faster

MCK MDT

MCK vs MDT: by the numbers

•MDT is the larger company ($110.66B vs $100.48B market cap).
•MCK trades at the lower trailing earnings multiple (22.26 vs 22.89 P/E), one valuation lens rather than an overall verdict.
•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 (3.34% vs 0.38%).

Metrics side by side

Valuation

Metric	MCK	MDT
P/E ratio	22.26	22.89
Forward P/E	21.95	15.47
P/S ratio	0.26	3.02
P/B ratio	N/A	2.22
PEG ratio	0.46	6.72
EV / EBITDA	15.45	14.57
FCF yield	5.65%	4.93%

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	0.38%	3.34%
Payout ratio	8.51%	76.00%

Growth (annualized)

Metric	MCK	MDT
Revenue CAGR (5Y)	11.11%	5.18%
EPS CAGR (5Y)	40.71%	6.97%
FCF CAGR (5Y)	8.76%	3.07%
Total return CAGR (5Y)	33.96%	-5.33%

Frequently asked

Which has the lower trailing P/E, MCK or MDT?: MCK has the lower trailing P/E: MCK trades at 22.26 and MDT at 22.89. P/E is one valuation measure and does not by itself establish which business is cheaper.
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 0.38% and MDT yields 3.34% 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%.
How have MCK and MDT total returns compared?: Over the past 10 years, MCK delivered 16.86% and MDT delivered 2.42% annualized total return. 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 25+ Year Dividend Growers 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 August 3, 2026.