Cardinal Health Inc

CAH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cardinal Wraps Up Fiscal 2026 With Revenue Softness but Margin Expansion and Earnings Growth Impress

Keonhee Kim

Aug 11, 2026

Business Strategy and Outlook

Cardinal Health is one of three leading domestic wholesalers of branded, generic, and specialty pharmaceutical products. With over $230 billion in US drug distribution sales in fiscal 2026, Cardinal supplies roughly one-fourth of the overall market. Its two closest competitors are Cencora and McKesson, and together they operate as a pharmaceutical wholesale and distribution oligopoly, supplying over 90% of the US market.

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Cardinal Health Inc

Cardinal Wraps Up Fiscal 2026 With Revenue Softness but Margin Expansion and Earnings Growth Impress

Business Strategy and Outlook

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