Reading the tape
NYSE: CAH
Cardinal Health, Inc.
Healthcare · Medical - Distribution
Market Cap
$43.22B
52w High
$233.60
52w Low
$137.75
P/E
27.68
Volume
3.26M
Outstanding Shares
235.32M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 24.7%Revenue (TTM): 12.8%FCF (TTM): 80.07%P/FCF: 54th pct
What changed
The stock rose 24.7% over the last year. Revenue grew 12.8% over the trailing twelve months. Operating margin moved from 1.02% to 0.92%. Free cash flow grew 80.07% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 54th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 0.92%. Revenue grew 12.8% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Cardinal Health, Inc. operates as an integrated healthcare services and products company in the United States, Canada, Europe, Asia, and internationally.
CEOJason Hollar
SectorHealthcare
IndustryMedical - Distribution
Employees57,700
IPO dateAug 4, 1983
Valuation
Forward P/E—
EV/EBITDA14.80
Enterprise value$45.96B
Stock splits
Apr 23, 2001↑ Forward
Every 2 shares became 3
Nov 2, 1998↑ Forward
Every 2 shares became 3
Dec 17, 1996↑ Forward
Every 2 shares became 3
Jul 1, 1994↑ Forward
Every 4 shares became 5
Oct 1, 1991↑ Forward
Every 4 shares became 5
Oct 1, 1990↑ Forward
Every 4 shares became 5
Oct 2, 1989↑ Forward
Every 4 shares became 5
Sep 9, 1988↑ Forward
Every 10 shares became 11
Profitability & growth
Revenue growth11.05%
Gross margin3.68%▲12.27%vs FY2024
Operating margin0.92%▲86.52%vs FY2024
ROE-56.13%▼111.68%vs FY2024
Analyst consensus
RatingBuy
Target price$253.38▲37.97%
18
Buy
15
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 11, 2026
Q3 FY26 · EPS est $2.39 · Revenue est $65.21B
View
Dividends
$2.05/shareQuarterlyDividend Achiever · 16yrSafeCAH pays a dividend with a 1.12% declared yield, 16 consecutive years of growth, growing at 1% annually, covered 3.7× by free cash flow.
Declared Yield
1.12%
Annual Div / Share
$2.05
5yr CAGR
+1%
Doubles every ~69.7yr
Payout Ratio
31.49%
Safe
Dividend Growth Rate
3yr CAGR
+1%
5yr CAGR
+1%
10yr CAGR
+2.44%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$2.05+1.0%
2025$2.03+1.0%
2024$2.01+1.0%
2023$1.99+1.0%
2022$1.97+1.0%
2021$1.95+1.0%
2020$1.93+1.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$11/yr
$1/mo
In 5 yrs
$12/yr+5%
$1/mo
In 10 yrs
$12/yr+10%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$11/yr $1/mo | $12/yr+5% $1/mo | $12/yr+10% $1/mo |
Yield-on-cost grows from 1.12% → 1.23% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
CAH has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 3.7× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.