MCK vs MDT vs BTSG Stock Comparison

Mckesson, Medtronic and BrightSpring Health Services Prices as of Nov 5, 2026 Peers: Industry group
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MCK Mckesson Corp
$1,072.05 +16.3% 1M +27.0% 1Y
Market cap
$122.99B
P/E
26.2x
Revenue (TTM)
$418.79B
Div. yield
0.00%
Drug Distribution Healthcare
3 wins
MDT Medtronic plc
$104.83 +20.4% 1M +16.0% 1Y
Market cap
$131.34B
P/E
25.1x
Revenue (TTM)
$37.54B
Div. yield
0.03%
Medical Devices Healthcare
6 wins

Head to Head

12 decided of 12

Medtronic leads on 6 of the 12 questions below (Medtronic 6, BrightSpring Health Services 3, Mckesson 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMCKMDTBTSGLeader
Larger companyMarket capitalisation $122.99B $131.34B $13.37B MDT
Cheaper on earningsLower P/E, profitable companies only 26.2x 25.1x 32.6x MDT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 22.7x 18.8x 36.0x MDT
Faster revenue growthRevenue growth, trailing twelve months +8.2% +9.8% +26.0% BTSG
More profitableNet margin, trailing twelve months 1.1% 13.9% 2.7% MDT
Better return on capitalReturn on invested capital 98.7% 6.9% 10.0% MCK
Less leveragedLower net debt / EBITDA 0.4x 2.0x 2.1x MCK
Higher dividend yieldTrailing dividend yield 0.00% 0.03% 0.00% MDT
Better 1-year returnPrice return, last 12 months +27.0% +16.0% +101.5% BTSG
Better 5-year returnAnnualised price return, 5 years +37.1%/yr -3.1%/yr — MCK
Less volatileAnnualised volatility, 1 year 31.3% 25.6% 45.9% MDT
Higher overall scoreMean of the five percentile scores vs peers 58/100 64/100 66/100 BTSG

Percentile Scorecard

MCKMDTBTSG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMCKMDTBTSG
Valuation 56 #12 of 26 80 #47 of 229 67 #32 of 95
Growth 54 #12 of 25 50 #112 of 221 93 #7 of 88
Profitability 63 #10 of 25 88 #26 of 210 61 #35 of 87
Financial Health 48 #14 of 26 50 #120 of 240 44 #56 of 100
Shareholder Returns 69 #6 of 17 54 #68 of 147 66 #21 of 60
Overall 58 64 66
  • MCK ranked among 27 companies in Healthcare Payers and Distributors
  • MDT ranked among 247 companies in Medical Devices and Diagnostics
  • BTSG ranked among 102 companies in Healthcare Providers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMCKMDTBTSGSPY
1 month +16.3%+20.4%+3.3% -5.9%
3 months +23.1%+22.0%+8.7% -4.6%
6 months +42.0%+34.5%+24.4% +0.2%
Year to date +30.7%+9.1%+75.9% +7.5%
1 year +27.0%+16.0%+101.5% +8.2%
3 years +133.0%+42.8%— +68.3%
3 years, per year +32.6%+12.6%— +19.0%
5 years +383.6%-14.8%— +56.5%
5 years, per year +37.1%-3.1%— +9.4%
10 years +719.9%+27.6%— +251.5%
10 years, per year +23.4%+2.5%— +13.4%

Risk

MeasureMCKMDTBTSGSPY
Volatility, 1Y 31.3%25.6%45.9% 13.6%
Downside volatility, 1Y 27.4%22.0%51.2% 14.2%
Beta vs S&P 500, 1Y -0.170.141.13 1.00
Return / volatility, 1Y 0.860.622.21 0.60
Max drawdown, 5Y -27.2%-43.6%-35.6% -25.4%
From 52-week high 0.0%-0.5%-9.7% -5.9%
52-week high $1,072.05$105.35$72.91 $779.14
52-week low $725.17$73.75$31.36 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMCKMDTBTSG
P/E now vs peer median 26.5xmedian 25.1x 25.6xmedian 26.9x 33.2xmedian 24.8x
P/S now vs peer median 0.3xmedian 0.4x 3.6xmedian 2.9x 0.9xmedian 1.6x
EV/EBITDA now vs peer median 16.9xmedian 14.2x 15.8xmedian 17.5x 21.1xmedian 15.9x
P/FCF now vs peer median 17.4xmedian 16.4x 21.9xmedian 26.4x 26.6xmedian 20.9x
P/B now vs peer median -31.3xmedian 2.6x 2.6xmedian 2.3x 6.0xmedian 3.3x
PEG now vs peer median 1.67median 1.51 1.77median 0.88 —median 0.88

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMCKMDTBTSG
Revenue $418.79B $37.54B $15.25B
Gross profit $15.37B $24.41B $1.91B
Operating income $6.69B $6.79B $520.43M
Net income $5.43B $5.27B $410.46M
Free cash flow $7.11B $6.13B $492.41M
R&D – $2.92B –
EPS (diluted) $40.27 $4.07 $1.86
Cash & equivalents $6.53B $1.69B $717.84M
Total debt $9.21B $28.15B $2.18B
Shares (diluted) 116.70M 1.29B 220.23M
Enterprise value $104.36B $96.59B $11.13B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMCKMDTBTSG
P/E 26.5x 25.6x 33.2x
P/FCF 17.4x 21.9x 26.6x
P/Operating cash flow 16.5x 16.7x 21.7x
P/S 0.3x 3.6x 0.9x
P/B -31.3x 2.6x 6.0x
P/Tangible book -15.7x 3.3x 7.8x
EV/EBITDA 16.9x 15.8x 21.1x
EV/EBIT 18.9x 22.6x 28.0x
EV/Revenue 0.3x 4.1x 1.0x
EV/FCF 17.8x 25.0x 29.6x
EV/Operating cash flow 16.9x 19.1x 24.2x
PEG (3Y EPS CAGR) 1.67 1.77 –

Growth

14 metrics
MetricMCKMDTBTSG
Revenue growth (1Y) 8.2% 9.8% 26.0%
Revenue CAGR (3Y) 12.9% 6.0% –
Gross profit growth (1Y) 11.8% 9.3% 32.0%
Gross profit CAGR (3Y) 7.6% 5.6% –
Operating income growth (1Y) 27.3% 10.9% 114.5%
Operating income CAGR (3Y) 16.1% 6.4% –
Net income growth (1Y) 28.5% 12.4% 219.3%
Net income CAGR (3Y) 14.2% 13.0% –
EPS growth (1Y) 24.2% 12.4% 213.4%
EPS CAGR (3Y) 15.9% 14.5% –
Operating cash flow growth (1Y) 9.3% 12.4% 72.6%
Operating cash flow CAGR (3Y) 15.2% 11.3% –
Free cash flow growth (1Y) 11.8% 15.6% 78.3%
Free cash flow CAGR (3Y) 16.3% 11.3% –

Profitability

14 metrics
MetricMCKMDTBTSG
Gross margin 3.7% 65.0% 12.5%
EBITDA margin 1.8% 25.9% 4.5%
Operating margin 1.6% 18.1% 3.4%
Pretax margin 1.6% 17.6% 2.5%
Net margin 1.1% 13.9% 2.7%
FCF margin 1.7% 16.3% 3.2%
Operating cash flow margin 1.8% 21.4% 4.0%
Return on equity – 10.4% 19.4%
Return on assets 6.0% 5.7% 6.7%
Return on invested capital 98.7% 6.9% 10.0%
Return on capital employed 42.0% 8.3% 11.8%
Asset turnover 4.6x 0.4x 2.5x
Cash conversion (OCF / net income) 1.4x 1.5x 1.5x
Stock comp / revenue – 1.3% 0.4%

Financial Health

11 metrics
MetricMCKMDTBTSG
Debt / assets 10.0% 30.2% 34.8%
Debt / equity -2.3x 0.6x 1.0x
Net debt / EBITDA 0.4x 2.0x 2.1x
Debt / FCF 1.3x 4.6x 4.4x
Liabilities / assets 104.3% 45.5% 65.3%
Equity / assets -4.3% 54.5% 34.7%
Interest coverage 21.9x 9.4x 3.6x
Current ratio 0.9x 2.1x 1.6x
Quick ratio 0.5x 1.3x 1.2x
Cash ratio 0.1x 0.7x 0.4x
Altman Z-score 5.81 3.20 4.86

Shareholder Returns

7 metrics
MetricMCKMDTBTSG
Dividend yield 0.3% 2.7% –
Net buyback yield 5.4% 0.1% 0.6%
Shareholder yield 5.7% 2.9% 0.6%
Payout ratio (earnings) 7.4% 69.3% –
Payout ratio (FCF) 5.6% 59.5% –
Dividend growth (1Y) 10.5% 1.4% –
Dividend CAGR (3Y) 9.8% 0.2% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMCKMDTBTSG
Forward P/E 22.7xFY2026 18.8xFY2026 36.0xFY2026
EPS, next fiscal year $47.15FY2026 $5.57FY2026 $1.83FY2026
EPS growth, next FY +20.6%FY2026 +0.7%FY2026 +83.0%FY2026
EPS growth, the year after +11.0% +7.2% +43.7%
Revenue, next fiscal year $444.47BFY2026 $39.92BFY2026 $16.69BFY2026
Revenue growth, next FY +10.2%FY2026 +9.8%FY2026 +29.3%FY2026
Revenue growth, the year after +1.5% -4.7% +3.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMCKMDTBTSG
Held by institutions 89.1% 85.1% 100.0%
Institutions holding 2,014 2,127 423
Change in shares held, QoQ -0.7% -0.2% -0.7%
Institutions buying 883 1,014 309
Institutions selling 793 915 83
Buyers to sellers 1.11 1.11 3.72

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MCKMDTBTSG
MCK 1.00 0.35 0.08
MDT 0.35 1.00 0.07
BTSG 0.08 0.07 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, MCK, MDT and BTSG?

Medtronic (MDT) is the largest by market capitalisation: Mckesson (MCK) $122.99B, Medtronic (MDT) $131.34B, BrightSpring Health Services (BTSG) $13.37B.

Which stock is cheaper, MCK, MDT and BTSG?

Medtronic (MDT) trades on the lowest price-to-earnings ratio (Mckesson (MCK) 26.2x, Medtronic (MDT) 25.1x, BrightSpring Health Services (BTSG) 32.6x). On next year's consensus earnings, Medtronic (MDT) is cheapest (Mckesson (MCK) 22.7x, Medtronic (MDT) 18.8x, BrightSpring Health Services (BTSG) 36.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

BrightSpring Health Services (BTSG) grew revenue fastest over the trailing twelve months: Mckesson (MCK) +8.2%, Medtronic (MDT) +9.8%, BrightSpring Health Services (BTSG) +26.0%.

Which company is more profitable?

Medtronic (MDT) has the highest net margin (Mckesson (MCK) 1.1%, Medtronic (MDT) 13.9%, BrightSpring Health Services (BTSG) 2.7%). On return on invested capital, Mckesson (MCK) leads (Mckesson (MCK) 98.7%, Medtronic (MDT) 6.9%, BrightSpring Health Services (BTSG) 10.0%).

Which stock has performed better?

Over the past year BrightSpring Health Services (BTSG) returned the most: Mckesson (MCK) +27.0%, Medtronic (MDT) +16.0%, BrightSpring Health Services (BTSG) +101.5%. Over five years, Mckesson (MCK) compounded fastest (Mckesson (MCK) +37.1%/yr, Medtronic (MDT) -3.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Medtronic (MDT) has the highest dividend yield: Mckesson (MCK) 0.00%, Medtronic (MDT) 0.03%, BrightSpring Health Services (BTSG) 0.00%. BrightSpring Health Services (BTSG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Medtronic (MDT) has been the steadiest (Mckesson (MCK) 31.3%, Medtronic (MDT) 25.6%, BrightSpring Health Services (BTSG) 45.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MCK, MDT and BTSG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Medtronic (MDT) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.