Seek Returns

MCK vs. SOLV: McKesson vs. Solventum Stock Comparison

How do McKesson (MCK) and Solventum (SOLV) 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

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

McKesson (MCK) carries decades of public-market history since November 10, 1994, while Solventum (SOLV) listed on March 26, 2024 — long-window comparisons have far more historical data on the MCK side.

Company profile comparison for McKesson (MCK) and Solventum (SOLV)
Profile ItemMCKSOLV
NameMcKesson CorporationSolventum Corporation
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 Capitalization122.48 billion USD15.36 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 10, 1994March 26, 2024
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MCK
SOLV
GSPC
Loading price history…
McKesson (MCK) vs. Solventum (SOLV), 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

Loading price history…
Trailing total returns for McKesson (MCK) and Solventum (SOLV). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for McKesson (MCK) and Solventum (SOLV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for McKesson (MCK) and Solventum (SOLV)
MetricMCKSOLV
Total Return (1Y)25.40%25.89%
Total Return (3Y, Annualized)32.67%--
Total Return (5Y, Annualized)37.84%--

Risk Profile

Drawdown History

MCK
SOLV
GSPC
Loading price history…
McKesson (MCK) vs. Solventum (SOLV), 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

Loading price history…
Distribution of monthly total returns for McKesson (MCK) and Solventum (SOLV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for McKesson (MCK) and Solventum (SOLV)
MetricMCKSOLV
Volatility (1Y, Annualized)31.71%30.06%
Beta (5Y)0.260.62
Max Drawdown (5Y)-27.17%-39.98%
Avg. Volume (3M)822.69K1.05M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
MCK and SOLV 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 McKesson (MCK) and Solventum (SOLV)
MetricMCKSOLV
Sharpe Ratio (1Y)0.670.72
Sortino Ratio (1Y)1.151.08

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Solventum (SOLV) earns 3.19% on shareholders’ equity, ranked against its industry; McKesson (MCK) has no ROE this period.

MCK

Health Care Equipment & Services industry group

--

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

SOLV

Health Care Equipment & Services industry group

3.19%

Max
47.61%
Q3
14.36%
Median
5.45%
SOLV
3.19%
Q1
-10.67%
Min
-47.01%
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): MCK does not report ROE, so it has no value marker; SOLV is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Both McKesson (MCK) at 1.12% and Solventum (SOLV) at 1.91% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

SOLV

Health Care Equipment & Services industry group

1.91%

Max
29.35%
Q3
9.33%
Median
2.18%
SOLV
1.91%
Q1
-6.29%
Min
-28.46%
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both McKesson (MCK) at 1.48% and Solventum (SOLV) at 6.82% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

SOLV

Health Care Equipment & Services industry group

6.82%

Max
35.43%
Q3
14.14%
SOLV
6.82%
Median
6.81%
Q1
-0.28%
Min
-16.29%
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for McKesson (MCK) and Solventum (SOLV)
MetricMCKSOLV
ROE (TTM)--3.19%
ROA (TTM)4.72%2.29%
Net Margin (TTM)1.12%1.91%
Operating Margin (TTM)1.48%6.82%
Gross Margin (TTM)3.65%55.13%

Growth

Revenue Growth

McKesson (MCK) at 12.36% is around its peer norm for revenue growth, while Solventum (SOLV) at 0.86% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Loading chart…
McKesson (MCK) vs. Solventum (SOLV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Solventum (SOLV) at 221.74% is the standout with EPS growth above its industry range; McKesson (MCK) at 49.22% also sits in the top quartile.

Loading chart…
McKesson (MCK) vs. Solventum (SOLV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for McKesson (MCK) and Solventum (SOLV)
MetricMCKSOLV
Revenue Growth (YoY)12.36%0.86%
Revenue Growth (3Y CAGR)13.39%0.79%
EPS Growth (YoY)49.22%221.74%
EPS Growth (3Y CAGR)15.31%4.51%

Financial Strength

Current Ratio (MRQ)

Both McKesson (MCK) at 0.90 and Solventum (SOLV) at 1.03 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

SOLV

Health Care Equipment & Services industry group

1.03

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
SOLV
1.03
Min
0.30
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): 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: Solventum (SOLV) carries debt-to-equity ratio of 1.10 against its industry range, while McKesson (MCK) reports no figure this period.

MCK

Health Care Equipment & Services industry group

--

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

SOLV

Health Care Equipment & Services industry group

1.10

Max
1.88
SOLV
1.10
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): MCK does not report debt-to-equity ratio, so it has no value marker; SOLV is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for McKesson (MCK) and Solventum (SOLV)
MetricMCKSOLV
Current Ratio (MRQ)0.901.03
Debt / Equity (MRQ)--1.10
Net Debt / EBITDA0.644.66

Dividends

Dividend Yield (TTM)

Solventum (SOLV) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile McKesson (MCK) reports a yield of 0.32%, ranking against industry peers normally.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Solventum (SOLV) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile McKesson (MCK) reports a payout of 8.77%, ranking against industry peers normally.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for McKesson (MCK) and Solventum (SOLV)
MetricMCKSOLV
Dividend Yield (TTM)0.32%0.00%
Dividend Payout Ratio (TTM)8.77%0.00%

Valuation

P/E Ratio (TTM)

McKesson (MCK) at 27.36 is near its industry’s usual P/E ratio, while Solventum (SOLV) at 101.55 sits above its peer range — an unusually expensive price for SOLV’s trailing earnings.

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

SOLV

Health Care Equipment & Services industry group

101.55

SOLV
101.55
Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): 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 Solventum (SOLV) at 1.88 prices around its industry’s middle — MCK costs less per dollar of sales, though read it alongside growth and margins.

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

SOLV

Health Care Equipment & Services industry group

1.88

Max
8.80
Q3
4.32
Median
2.13
SOLV
1.88
Q1
1.10
Min
0.03
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): 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 Solventum (SOLV) reports 3.20, ranking against industry peers normally.

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

SOLV

Health Care Equipment & Services industry group

3.20

Max
11.68
Q3
6.12
SOLV
3.20
Median
3.00
Q1
1.73
Min
-1.31
Loading chart…
McKesson (MCK) vs. Solventum (SOLV): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for McKesson (MCK) and Solventum (SOLV)
MetricMCKSOLV
P/E Ratio (TTM)27.36101.55
P/S Ratio (TTM)0.291.88
P/B Ratio (MRQ)-30.853.20
Free Cash Flow Yield (TTM)6.04%1.31%