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CAH vs. MDLN: Cardinal Health vs. Medline Stock Comparison

How do Cardinal Health (CAH) and Medline (MDLN) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cardinal Health (CAH) and Medline (MDLN) both fall under the Health Care Equipment & Services industry group, but CAH is classified in Health Care Providers & Services while MDLN is classified in Health Care Equipment & Supplies.

Cardinal Health (CAH) has been public since August 4, 1983, giving it decades of market history across multiple cycles, while Medline (MDLN) listed only on December 17, 2025 and lacks comparable through-cycle data.

Company profile comparison for Cardinal Health (CAH) and Medline (MDLN)
Profile ItemCAHMDLN
NameCardinal Health, Inc.Medline Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care DistributorsHealth Care Supplies
Market Capitalization62.80 billion USD52.17 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateAugust 4, 1983December 17, 2025
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CAH
MDLN
GSPC
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Cardinal Health (CAH) vs. Medline (MDLN), with S&P 500 (GSPC) for reference: 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 Cardinal Health (CAH) and Medline (MDLN). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cardinal Health (CAH) and Medline (MDLN). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cardinal Health (CAH) and Medline (MDLN)
MetricCAHMDLN
Total Return (1Y)35.44%--
Total Return (3Y, Annualized)40.52%--
Total Return (5Y, Annualized)43.73%--

Risk Profile

Drawdown History

CAH
MDLN
GSPC
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Cardinal Health (CAH) vs. Medline (MDLN), with S&P 500 (GSPC) for reference: 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 Cardinal Health (CAH) and Medline (MDLN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Medline (MDLN) reports a negative beta of -0.93, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Cardinal Health (CAH) has a non-negative beta of 0.49.

Risk profile metrics for Cardinal Health (CAH) and Medline (MDLN)
MetricCAHMDLN
Volatility (1Y, Annualized)25.91%47.93%
Beta (5Y)0.49-0.93
Max Drawdown (5Y)-20.95%-36.71%
Avg. Volume (3M)1.77M8.63M

Risk-Adjusted Performance

Risk-Return Positioning

Both CAH and MDLN need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cardinal Health (CAH) and Medline (MDLN)
MetricCAHMDLN
Sharpe Ratio (1Y)1.20--
Sortino Ratio (1Y)1.90--

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Medline (MDLN) earns 4.85% on shareholders’ equity, ranked against its industry; Cardinal Health (CAH) has no ROE this period.

CAH

Health Care Equipment & Services industry group

--

Max
47.61%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
CAH
--

MDLN

Health Care Equipment & Services industry group

4.85%

Max
47.61%
Q3
14.36%
Median
5.45%
MDLN
4.85%
Q1
-10.67%
Min
-47.01%
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Cardinal Health (CAH) vs. Medline (MDLN): CAH does not report ROE, so it has no value marker; MDLN is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Both Cardinal Health (CAH) at 0.71% and Medline (MDLN) at 1.85% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CAH

Health Care Equipment & Services industry group

0.71%

Max
29.35%
Q3
9.33%
Median
2.18%
CAH
0.71%
Q1
-6.29%
Min
-28.46%

MDLN

Health Care Equipment & Services industry group

1.85%

Max
29.35%
Q3
9.33%
Median
2.18%
MDLN
1.85%
Q1
-6.29%
Min
-28.46%
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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Cardinal Health (CAH) at 1.34% and Medline (MDLN) at 5.22% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CAH

Health Care Equipment & Services industry group

1.34%

Max
35.43%
Q3
14.14%
Median
6.81%
CAH
1.34%
Q1
-0.28%
Min
-16.29%

MDLN

Health Care Equipment & Services industry group

5.22%

Max
35.43%
Q3
14.14%
Median
6.81%
MDLN
5.22%
Q1
-0.28%
Min
-16.29%
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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cardinal Health (CAH) and Medline (MDLN)
MetricCAHMDLN
ROE (TTM)--4.85%
ROA (TTM)3.72%2.70%
Net Margin (TTM)0.71%1.85%
Operating Margin (TTM)1.34%5.22%
Gross Margin (TTM)3.90%24.42%

Growth

Revenue Growth

Only one side can be read here: Cardinal Health (CAH) reports revenue growth of 14.23%, ranked against its industry; Medline (MDLN) has no revenue growth figure this period.

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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Medline (MDLN) at 117.38% clears its industry range for EPS growth, a much stronger earnings trajectory than Cardinal Health (CAH) at 12.09%, which is closer to a typical peer reading.

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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cardinal Health (CAH) and Medline (MDLN)
MetricCAHMDLN
Revenue Growth (YoY)14.23%--
Revenue Growth (3Y CAGR)7.44%--
EPS Growth (YoY)12.09%117.38%
EPS Growth (3Y CAGR)93.37%--

Financial Strength

Current Ratio (MRQ)

Medline (MDLN) at 4.04 carries current ratio above its industry’s typical mid-range, while Cardinal Health (CAH) at 0.89 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

CAH

Health Care Equipment & Services industry group

0.89

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
CAH
0.89
Min
0.30

MDLN

Health Care Equipment & Services industry group

4.04

Max
7.59
MDLN
4.04
Q3
4.00
Median
1.98
Q1
1.37
Min
0.30
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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Medline (MDLN) carries debt-to-equity ratio of 0.65 against its industry range, while Cardinal Health (CAH) reports no figure this period.

CAH

Health Care Equipment & Services industry group

--

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
CAH
--

MDLN

Health Care Equipment & Services industry group

0.65

Max
1.88
Q3
0.91
MDLN
0.65
Median
0.58
Q1
0.16
Min
0.00
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Cardinal Health (CAH) vs. Medline (MDLN): CAH does not report debt-to-equity ratio, so it has no value marker; MDLN is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for Cardinal Health (CAH) and Medline (MDLN)
MetricCAHMDLN
Current Ratio (MRQ)0.894.04
Debt / Equity (MRQ)--0.65
Net Debt / EBITDA0.813.35

Dividends

Dividend Yield (TTM)

Medline (MDLN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cardinal Health (CAH) reports a yield of 0.77%, ranking against industry peers normally.

CAH

Health Care Equipment & Services industry group

0.77%

CAH
0.77%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

MDLN

Health Care Equipment & Services industry group

0.00%

MDLN
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Medline (MDLN) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cardinal Health (CAH) reports a payout of 26.56%, ranking against industry peers normally.

CAH

Health Care Equipment & Services industry group

26.56%

CAH
26.56%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

MDLN

Health Care Equipment & Services industry group

0.00%

MDLN
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Cardinal Health (CAH) and Medline (MDLN)
MetricCAHMDLN
Dividend Yield (TTM)0.77%0.00%
Dividend Payout Ratio (TTM)26.56%0.00%

Valuation

P/E Ratio (TTM)

Cardinal Health (CAH) at 35.15 is near its industry’s usual P/E ratio, while Medline (MDLN) at 90.09 sits above its peer range — an unusually expensive price for MDLN’s trailing earnings.

CAH

Health Care Equipment & Services industry group

35.15

Max
80.41
Q3
47.62
CAH
35.15
Median
29.93
Q1
21.19
Min
4.21

MDLN

Health Care Equipment & Services industry group

90.09

MDLN
90.09
Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21
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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Cardinal Health (CAH) at 0.24 sits in the cheaper P/S ratio quartile while Medline (MDLN) at 1.70 prices around its industry’s middle — CAH costs less per dollar of sales, though read it alongside growth and margins.

CAH

Health Care Equipment & Services industry group

0.24

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
CAH
0.24
Min
0.03

MDLN

Health Care Equipment & Services industry group

1.70

Max
8.80
Q3
4.32
Median
2.13
MDLN
1.70
Q1
1.10
Min
0.03
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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Cardinal Health (CAH) reports a negative P/B ratio of -20.84, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Medline (MDLN) reports 2.95, ranking against industry peers normally.

CAH

Health Care Equipment & Services industry group

-20.84

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
Min
-1.31
CAH
-20.84

MDLN

Health Care Equipment & Services industry group

2.95

Max
11.68
Q3
6.12
Median
3.00
MDLN
2.95
Q1
1.73
Min
-1.31
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Cardinal Health (CAH) vs. Medline (MDLN): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Cardinal Health (CAH) and Medline (MDLN)
MetricCAHMDLN
P/E Ratio (TTM)35.1590.09
P/S Ratio (TTM)0.241.70
P/B Ratio (MRQ)-20.842.95
Free Cash Flow Yield (TTM)7.99%2.67%