Cardinal Health, Inc.

CAHNYSEHealthcare● Active

$205.48

$-0.23(-0.11%)

Market Cap$48.1B

P/E Ratio—

52W High$233.6

52W Low$137.75

Avg Volume2.0M

Open$203.14

Beta0.53

Free Cash Flow Financials Revenue

Cardinal Health, Inc. (CAH) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CAH · free cash flow · updated Jun 8, 2026

Core FCF metrics

CAH · FCF · TTM · margin & CAGR

Free cash flow was $1.85B for FY2025 (fiscal year ending 2025-06-30), down 43.1% year-over-year The FCF margin was 0.8%. Five-year CAGR stands at +3.1%.

FY2025 Free Cash Flow$1.85B▼ -43.1% YoY

Trailing 12M (TTM)$4.39Btrailing 4 quarters sum

FCF Margin0.8%$1.85B ÷ revenue

3-Year CAGR-12.2%FY2022 → FY2025

5-Year CAGR+3.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CAH · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.40B(547M)$1.85B▼ 43.1%0.8%

FY2024$3.76B(511M)$3.25B▲ +37.6%1.4%

FY2023$2.84B(481M)$2.36B▼ 13.6%1.1%

FY2022$3.12B(387M)$2.73B▲ +34.8%1.5%

FY2021$2.43B(400M)$2.03B▲ +28.0%1.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CAH · P/FCF · FCF yield · FCF per share

Cardinal Health, Inc. (CAH) trades at a FCF yield of 9.13% and a price-to-free-cash-flow ratio of 11.3x. FCF per share stands at $18.22, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

9.13%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$18.22

TTM FCF ÷ Shares Outstanding

Price / FCF

x11.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x12.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-06-30

Cash flow statement summary

CAH · cash flow statement · operating / investing / financing

For FY2025, Cardinal Health, Inc. generated $2.40B in operating cash flow and spent 547M in capital expenditures, yielding $1.85B in free cash flow.

Operating Activities

+$2.40B

Cash from core business operations

2025-06-30

Investing Activities

−$5.61B

CapEx, acquisitions & investments

2025-06-30

Financing Activities

+$1.95B

Buybacks, dividends & debt

2025-06-30

FCF FormulaOperating CF ($2.40B) − |CapEx| (547M) = FCF ($1.85B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

CAH vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Cardinal Health, Inc.YOU

CAH

$1.85B-43.1%0.8%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Cardinal Health, Inc. (CAH) reported free cash flow of $1.85B for FY2025 (fiscal year ending 2025-06-30), down 43.1% year-over-year. The FCF margin was 0.8%.

Based on available data, Cardinal Health, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $3.25B in FY2024. The 5-year CAGR stands at +3.1%.

Cardinal Health, Inc.'s FCF yield is 9.13% and price-to-FCF ratio is 11.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CAH free cash flow · 8 questions

Cardinal Health, Inc. free cash flow was $1.85B for FY2025, down 43.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.39B.

CAH free cash flowCAH FCFCAH FCF 2025CAH free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Cardinal Health, Inc. · Cardinal Health, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026