GEHC vs. MCK: GE HealthCare vs. McKesson Stock Comparison

November 11, 2026

How do GE HealthCare (GEHC) and McKesson (MCK) 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

GE HealthCare (GEHC) and McKesson (MCK) both fall under the Health Care Equipment & Services industry group, but GEHC is classified in Health Care Equipment & Supplies while MCK is classified in Health Care Providers & Services.

McKesson (MCK) has more than two decades of public-market history since November 10, 1994, whereas GE HealthCare (GEHC) listed on December 15, 2022 and has a much shorter record to draw on.

Company profile comparison for GE HealthCare (GEHC) and McKesson (MCK)
Profile Item	GEHC	MCK
Name	GE HealthCare Technologies Inc.	McKesson Corporation
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 Equipment & Supplies	Health Care Providers & Services
GICS Sub-Industry	Health Care Equipment	Health Care Distributors
Market Capitalization	37.25 billion USD	122.48 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	December 15, 2022	November 10, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

GEHC

MCK

GSPC

GE HealthCare (GEHC) vs. McKesson (MCK), 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 GE HealthCare (GEHC) and McKesson (MCK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for GE HealthCare (GEHC) and McKesson (MCK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for GE HealthCare (GEHC) and McKesson (MCK)
Metric	GEHC	MCK
Total Return (1Y)	14.21%	25.40%
Total Return (3Y, Annualized)	7.01%	32.67%
Total Return (5Y, Annualized)	--	37.84%

Risk Profile

Drawdown History

GEHC

MCK

GSPC

GE HealthCare (GEHC) vs. McKesson (MCK), 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 GE HealthCare (GEHC) and McKesson (MCK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for GE HealthCare (GEHC) and McKesson (MCK)
Metric	GEHC	MCK
Volatility (1Y, Annualized)	35.93%	31.71%
Beta (5Y)	0.69	0.26
Max Drawdown (5Y)	-37.35%	-27.17%
Avg. Volume (3M)	3.56M	822.69K

Risk-Adjusted Performance

Risk-Return Positioning

GEHC and MCK 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 GE HealthCare (GEHC) and McKesson (MCK)
Metric	GEHC	MCK
Sharpe Ratio (1Y)	0.28	0.67
Sortino Ratio (1Y)	0.41	1.15

Profitability

ROE (TTM)

Capital efficiency shows on one side only: GE HealthCare (GEHC) earns 20.01% on shareholders’ equity, ranked against its industry; McKesson (MCK) has no ROE this period.

GEHC

Health Care Equipment & Services industry group

20.01%

Max: 47.61%
GEHC: 20.01%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

MCK

Health Care Equipment & Services industry group

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

GE HealthCare (GEHC) vs. McKesson (MCK): MCK does not report ROE, so it has no value marker; GEHC is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

GE HealthCare (GEHC) at 9.95% retains a top-quartile share of revenue as profit, ahead of McKesson (MCK) at 1.12%, which keeps about the industry-typical share.

GEHC

Health Care Equipment & Services industry group

9.95%

Max: 29.35%
GEHC: 9.95%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

MCK

Health Care Equipment & Services industry group

1.12%

Max: 29.35%
Q3: 9.33%
Median: 2.18%
MCK: 1.12%
Q1: -6.29%
Min: -28.46%

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

GE HealthCare (GEHC) at 15.33% operates in the top operating margin quartile, ahead of McKesson (MCK) at 1.48%, which runs around its industry’s norm.

GEHC

Health Care Equipment & Services industry group

15.33%

Max: 35.43%
GEHC: 15.33%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

MCK

Health Care Equipment & Services industry group

1.48%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
MCK: 1.48%
Q1: -0.28%
Min: -16.29%

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for GE HealthCare (GEHC) and McKesson (MCK)
Metric	GEHC	MCK
ROE (TTM)	20.01%	--
ROA (TTM)	4.99%	4.72%
Net Margin (TTM)	9.95%	1.12%
Operating Margin (TTM)	15.33%	1.48%
Gross Margin (TTM)	39.29%	3.65%

Growth

Revenue Growth

Both GE HealthCare (GEHC) at 4.84% and McKesson (MCK) at 12.36% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their Revenue Growth across different time periods.

EPS Growth

McKesson (MCK) at 49.22% sits in the top EPS growth quartile, while GE HealthCare (GEHC) at 4.84% is closer to the peer norm — faster per-share earnings growth for MCK.

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for GE HealthCare (GEHC) and McKesson (MCK)
Metric	GEHC	MCK
Revenue Growth (YoY)	4.84%	12.36%
Revenue Growth (3Y CAGR)	3.99%	13.39%
EPS Growth (YoY)	4.84%	49.22%
EPS Growth (3Y CAGR)	-0.58%	15.31%

Financial Strength

Current Ratio (MRQ)

Both GE HealthCare (GEHC) at 1.30 and McKesson (MCK) at 0.90 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

GEHC

Health Care Equipment & Services industry group

1.30

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
GEHC: 1.30
Min: 0.30

MCK

Health Care Equipment & Services industry group

0.90

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
MCK: 0.90
Min: 0.30

GE HealthCare (GEHC) vs. McKesson (MCK): 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: GE HealthCare (GEHC) carries debt-to-equity ratio of 0.88 against its industry range, while McKesson (MCK) reports no figure this period.

GEHC

Health Care Equipment & Services industry group

0.88

Max: 1.88
Q3: 0.91
GEHC: 0.88
Median: 0.58
Q1: 0.16
Min: 0.00

MCK

Health Care Equipment & Services industry group

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00
MCK: --

GE HealthCare (GEHC) vs. McKesson (MCK): MCK does not report debt-to-equity ratio, so it has no value marker; GEHC is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for GE HealthCare (GEHC) and McKesson (MCK)
Metric	GEHC	MCK
Current Ratio (MRQ)	1.30	0.90
Debt / Equity (MRQ)	0.88	--
Net Debt / EBITDA	2.11	0.64

Dividends

Dividend Yield (TTM)

Both GE HealthCare (GEHC) at 0.17% and McKesson (MCK) at 0.32% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

GEHC

Health Care Equipment & Services industry group

0.17%

GEHC: 0.17%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MCK

Health Care Equipment & Services industry group

0.32%

MCK: 0.32%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both GE HealthCare (GEHC) at 2.96% and McKesson (MCK) at 8.77% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

GEHC

Health Care Equipment & Services industry group

2.96%

GEHC: 2.96%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MCK

Health Care Equipment & Services industry group

8.77%

MCK: 8.77%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for GE HealthCare (GEHC) and McKesson (MCK)
Metric	GEHC	MCK
Dividend Yield (TTM)	0.17%	0.32%
Dividend Payout Ratio (TTM)	2.96%	8.77%

Valuation

P/E Ratio (TTM)

GE HealthCare (GEHC) at 17.42 sits in the cheaper P/E ratio quartile, while McKesson (MCK) at 27.36 is closer to its industry’s usual earnings multiple — a discount for GEHC, though growth and earnings durability still matter.

GEHC

Health Care Equipment & Services industry group

17.42

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
GEHC: 17.42
Min: 4.21

MCK

Health Care Equipment & Services industry group

27.36

Max: 80.41
Q3: 47.62
Median: 29.93
MCK: 27.36
Q1: 21.19
Min: 4.21

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

McKesson (MCK) at 0.29 sits in the cheaper P/S ratio quartile while GE HealthCare (GEHC) at 1.72 prices around its industry’s middle — MCK costs less per dollar of sales, though read it alongside growth and margins.

GEHC

Health Care Equipment & Services industry group

1.72

Max: 8.80
Q3: 4.32
Median: 2.13
GEHC: 1.72
Q1: 1.10
Min: 0.03

MCK

Health Care Equipment & Services industry group

0.29

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
MCK: 0.29
Min: 0.03

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

McKesson (MCK) reports a negative P/B ratio of -30.85, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile GE HealthCare (GEHC) reports 3.21, ranking against industry peers normally.

GEHC

Health Care Equipment & Services industry group

3.21

Max: 11.68
Q3: 6.12
GEHC: 3.21
Median: 3.00
Q1: 1.73
Min: -1.31

MCK

Health Care Equipment & Services industry group

-30.85

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31
MCK: -30.85

GE HealthCare (GEHC) vs. McKesson (MCK): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for GE HealthCare (GEHC) and McKesson (MCK)
Metric	GEHC	MCK
P/E Ratio (TTM)	17.42	27.36
P/S Ratio (TTM)	1.72	0.29
P/B Ratio (MRQ)	3.21	-30.85
Free Cash Flow Yield (TTM)	4.92%	6.04%