Cencora (COR) Stock Analysis

November 11, 2026

This is a peer-relative look at Cencora (COR): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Cencora (COR)
Profile Item	COR
Name	Cencora Inc.
Country/Region	United States
GICS Sector	Health Care
GICS Industry Group	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services
GICS Sub-Industry	Health Care Distributors
Market Capitalization	63.65 billion USD
Currency	USD
Exchange	NYSE
Listing Date	April 4, 1995
Security Type	Common Stock

Price Performance

Cumulative Growth

COR

GSPC

Cencora (COR) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cencora (COR) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cencora (COR) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Cencora (COR) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: COR	Industry group median
Total Return (1Y)	-3.53%	21.53%
Total Return (3Y, Annualized)	21.62%	9.81%
Total Return (5Y, Annualized)	24.10%	-2.76%

Risk Profile

Drawdown History

COR

GSPC

Cencora (COR) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cencora (COR) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Cencora (COR) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: COR	Industry group median
Volatility (1Y, Annualized)	31.90%	50.93%
Beta (5Y)	0.56	0.85
Max Drawdown (5Y)	-32.44%	-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. COR is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Cencora (COR) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: COR	Industry group median
Sharpe Ratio (1Y)	-0.24	0.34
Sortino Ratio (1Y)	-0.30	0.54

Profitability

ROE (TTM)

Cencora (COR) posts ROE of 129.01%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

COR

Health Care Equipment & Services industry group

129.01%

Group distribution

COR: 129.01%
Max: 47.61%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Largest peers

COR: 129.01%
ISRG: 17.93%
SYK: 16.02%
UNH: 15.77%
MDT: 10.65%
ABT: 9.14%
MCK: --

Where Cencora (COR) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Cencora (COR) keeps 1.03% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

COR

Health Care Equipment & Services industry group

1.03%

Group distribution

Max: 29.35%
Q3: 9.33%
Median: 2.18%
COR: 1.03%
Q1: -6.29%
Min: -28.46%

Largest peers

ISRG: 25.54%
MDT: 13.93%
SYK: 13.78%
ABT: 9.75%
UNH: 3.53%
MCK: 1.12%
COR: 1.03%

Where Cencora (COR) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Cencora (COR) turns 1.27% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

COR

Health Care Equipment & Services industry group

1.27%

Group distribution

Max: 35.43%
Q3: 14.14%
Median: 6.81%
COR: 1.27%
Q1: -0.28%
Min: -16.29%

Largest peers

ISRG: 33.29%
SYK: 22.96%
MDT: 19.33%
ABT: 11.66%
UNH: 5.82%
MCK: 1.48%
COR: 1.27%

Where Cencora (COR) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Cencora (COR) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: COR	Industry group median
ROE (TTM)	129.01%	5.45%
ROA (TTM)	3.57%	3.17%
Net Margin (TTM)	1.03%	2.18%
Operating Margin (TTM)	1.27%	6.81%
Gross Margin (TTM)	4.09%	55.21%

Growth

Revenue Growth

No usable revenue growth is available for Cencora (COR) this period, so the top-line momentum read is skipped.

Cencora (COR) doesn't report Revenue Growth this period; the bars show the Health Care Equipment & Services industry-group medians on their own.

EPS Growth

Cencora (COR) grew earnings per share 125.50%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Cencora (COR): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Cencora (COR) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: COR	Industry group median
Revenue Growth (YoY)	--	11.55%
Revenue Growth (3Y CAGR)	--	10.83%
EPS Growth (YoY)	125.50%	4.88%
EPS Growth (3Y CAGR)	28.15%	14.59%

Financial Strength

Current Ratio (MRQ)

Cencora (COR) has current ratio of 0.94, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

COR

Health Care Equipment & Services industry group

0.94

Group distribution

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
COR: 0.94
Min: 0.30

Largest peers

ISRG: 3.33
SYK: 2.18
MDT: 2.07
ABT: 1.46
COR: 0.94
MCK: 0.90
UNH: 0.74

Where Cencora (COR) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Cencora (COR) has debt-to-equity ratio of 3.06, above the industry benchmark range. Debt sits unusually high against shareholders’ equity, leaving the balance sheet more exposed to rate, refinancing, or earnings shocks.

COR

Health Care Equipment & Services industry group

3.06

Group distribution

COR: 3.06
Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

Largest peers

COR: 3.06
UNH: 0.70
SYK: 0.66
ABT: 0.61
MDT: 0.55
ISRG: --
MCK: --

Where Cencora (COR) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Cencora (COR) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: COR	Industry group median
Current Ratio (MRQ)	0.94	1.98
Debt / Equity (MRQ)	3.06	0.58
Net Debt / EBITDA	1.12	2.04

Dividends

Dividend Yield (TTM)

Cencora (COR) has dividend yield of 0.71%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

COR

Health Care Equipment & Services industry group

0.71%

Group distribution

COR: 0.71%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MDT: 2.72%
UNH: 2.29%
ABT: 2.22%
SYK: 1.05%
COR: 0.71%
MCK: 0.32%
ISRG: 0.00%

Where Cencora (COR) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Cencora (COR) has payout ratio of 17.45%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

COR

Health Care Equipment & Services industry group

17.45%

Group distribution

COR: 17.45%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ABT: 92.54%
MDT: 70.02%
UNH: 51.71%
SYK: 37.49%
COR: 17.45%
MCK: 8.77%
ISRG: 0.00%

Where Cencora (COR) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Cencora (COR) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: COR	Industry group median
Dividend Yield (TTM)	0.71%	0.00%
Dividend Payout Ratio (TTM)	17.45%	0.00%

Valuation

P/E Ratio (TTM)

Cencora (COR) trades at P/E ratio of 18.58, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

COR

Health Care Equipment & Services industry group

18.58

Group distribution

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
COR: 18.58
Min: 4.21

Largest peers

ISRG: 54.75
ABT: 41.02
SYK: 34.70
MCK: 27.36
MDT: 25.01
UNH: 22.50
COR: 18.58

Where Cencora (COR) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Cencora (COR) trades at 0.19 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

COR

Health Care Equipment & Services industry group

0.19

Group distribution

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
COR: 0.19
Min: 0.03

Largest peers

ISRG: 13.82
SYK: 4.72
ABT: 3.95
MDT: 3.47
UNH: 0.78
MCK: 0.29
COR: 0.19

Where Cencora (COR) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Cencora (COR) trades at 17.29 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

COR

Health Care Equipment & Services industry group

17.29

Group distribution

COR: 17.29
Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

Largest peers

COR: 17.29
ISRG: 9.82
SYK: 5.29
ABT: 3.73
UNH: 3.60
MDT: 2.59
MCK: -30.85

Where Cencora (COR) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Cencora (COR) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: COR	Industry group median
P/E Ratio (TTM)	18.58	29.93
P/S Ratio (TTM)	0.19	2.13
P/B Ratio (MRQ)	17.29	3.00
Free Cash Flow Yield (TTM)	2.81%	3.50%