CAH vs. VEEV: Cardinal Health vs. Veeva Systems Stock Comparison

November 11, 2026

How do Cardinal Health (CAH) and Veeva Systems (VEEV) 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 Veeva Systems (VEEV) both fall under the Health Care Equipment & Services industry group, but CAH is classified in Health Care Providers & Services while VEEV is classified in Health Care Technology.

Company profile comparison for Cardinal Health (CAH) and Veeva Systems (VEEV)
Profile Item	CAH	VEEV
Name	Cardinal Health, Inc.	Veeva Systems Inc.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services	Health Care Technology
GICS Sub-Industry	Health Care Distributors	Health Care Technology
Market Capitalization	62.80 billion USD	49.18 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 4, 1983	October 16, 2013
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CAH

VEEV

GSPC

Cardinal Health (CAH) vs. Veeva Systems (VEEV), 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 Veeva Systems (VEEV). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cardinal Health (CAH) and Veeva Systems (VEEV)
Metric	CAH	VEEV
Total Return (1Y)	35.44%	3.92%
Total Return (3Y, Annualized)	40.52%	22.52%
Total Return (5Y, Annualized)	43.73%	-0.87%

Risk Profile

Drawdown History

CAH

VEEV

GSPC

Cardinal Health (CAH) vs. Veeva Systems (VEEV), 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 Veeva Systems (VEEV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cardinal Health (CAH) and Veeva Systems (VEEV)
Metric	CAH	VEEV
Volatility (1Y, Annualized)	25.91%	43.36%
Beta (5Y)	0.49	0.88
Max Drawdown (5Y)	-20.95%	-52.79%
Avg. Volume (3M)	1.77M	1.64M

Risk-Adjusted Performance

Risk-Return Positioning

CAH and VEEV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cardinal Health (CAH) and Veeva Systems (VEEV)
Metric	CAH	VEEV
Sharpe Ratio (1Y)	1.20	-0.01
Sortino Ratio (1Y)	1.90	-0.01

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Veeva Systems (VEEV) earns 14.43% 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: --

VEEV

Health Care Equipment & Services industry group

14.43%

Max: 47.61%
VEEV: 14.43%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Cardinal Health (CAH) vs. Veeva Systems (VEEV): CAH does not report ROE, so it has no value marker; VEEV is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Veeva Systems (VEEV) at 29.35% retains a top-quartile share of revenue as profit, ahead of Cardinal Health (CAH) at 0.71%, which keeps about the industry-typical share.

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%

VEEV

Health Care Equipment & Services industry group

29.35%

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

Cardinal Health (CAH) vs. Veeva Systems (VEEV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Veeva Systems (VEEV) at 29.64% operates in the top operating margin quartile, ahead of Cardinal Health (CAH) at 1.34%, which runs around its industry’s norm.

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%

VEEV

Health Care Equipment & Services industry group

29.64%

Max: 35.43%
VEEV: 29.64%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Cardinal Health (CAH) vs. Veeva Systems (VEEV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cardinal Health (CAH) and Veeva Systems (VEEV)
Metric	CAH	VEEV
ROE (TTM)	--	14.43%
ROA (TTM)	3.72%	7.58%
Net Margin (TTM)	0.71%	29.35%
Operating Margin (TTM)	1.34%	29.64%
Gross Margin (TTM)	3.90%	74.96%

Growth

Revenue Growth

Both Cardinal Health (CAH) at 14.23% and Veeva Systems (VEEV) at 16.34% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Cardinal Health (CAH) vs. Veeva Systems (VEEV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Cardinal Health (CAH) at 12.09% and Veeva Systems (VEEV) at 25.93% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Cardinal Health (CAH) vs. Veeva Systems (VEEV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cardinal Health (CAH) and Veeva Systems (VEEV)
Metric	CAH	VEEV
Revenue Growth (YoY)	14.23%	16.34%
Revenue Growth (3Y CAGR)	7.44%	14.03%
EPS Growth (YoY)	12.09%	25.93%
EPS Growth (3Y CAGR)	93.37%	21.94%

Financial Strength

Current Ratio (MRQ)

Veeva Systems (VEEV) at 5.46 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

VEEV

Health Care Equipment & Services industry group

5.46

Max: 7.59
VEEV: 5.46
Q3: 4.00
Median: 1.98
Q1: 1.37
Min: 0.30

Cardinal Health (CAH) vs. Veeva Systems (VEEV): 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: Veeva Systems (VEEV) carries debt-to-equity ratio of 0.02 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: --

VEEV

Health Care Equipment & Services industry group

0.02

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
VEEV: 0.02
Min: 0.00

Cardinal Health (CAH) vs. Veeva Systems (VEEV): CAH does not report debt-to-equity ratio, so it has no value marker; VEEV is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for Cardinal Health (CAH) and Veeva Systems (VEEV)
Metric	CAH	VEEV
Current Ratio (MRQ)	0.89	5.46
Debt / Equity (MRQ)	--	0.02
Net Debt / EBITDA	0.81	-6.59

Dividends

Dividend Yield (TTM)

Veeva Systems (VEEV) 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%

VEEV

Health Care Equipment & Services industry group

0.00%

VEEV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Cardinal Health (CAH) vs. Veeva Systems (VEEV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Veeva Systems (VEEV) 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%

VEEV

Health Care Equipment & Services industry group

0.00%

VEEV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Cardinal Health (CAH) vs. Veeva Systems (VEEV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Cardinal Health (CAH) and Veeva Systems (VEEV)
Metric	CAH	VEEV
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 Veeva Systems (VEEV) at 49.79 sits in the richer quartile — VEEV needs stronger growth or earnings quality to justify the premium.

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

VEEV

Health Care Equipment & Services industry group

49.79

Max: 80.41
VEEV: 49.79
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

Cardinal Health (CAH) vs. Veeva Systems (VEEV): 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 Veeva Systems (VEEV) at 14.22 prices above its industry range — a wide gap in sales valuation between them.

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

VEEV

Health Care Equipment & Services industry group

14.22

VEEV: 14.22
Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

Cardinal Health (CAH) vs. Veeva Systems (VEEV): 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 Veeva Systems (VEEV) reports 6.61, 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

VEEV

Health Care Equipment & Services industry group

6.61

Max: 11.68
VEEV: 6.61
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

Cardinal Health (CAH) vs. Veeva Systems (VEEV): 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 Veeva Systems (VEEV)
Metric	CAH	VEEV
P/E Ratio (TTM)	35.15	49.79
P/S Ratio (TTM)	0.24	14.22
P/B Ratio (MRQ)	-20.84	6.61
Free Cash Flow Yield (TTM)	7.99%	2.56%