Cencora (COR) Operating Margin (2009 - 2026)
Cencora (COR) posted Operating Margin of 1.46% for Q1 2026, up 64.78% on a QoQ basis from 0.88% in Q4 2025, and up 8.0% year-over-year from 1.35% in Q1 2025.
Cencora (COR) Operating Margin (2009 - 2026) Analysis & Trends
Cencora's Operating Margin history runs 18 years deep, the most recent figure standing at 1.46% for Q1 2026.
- Quarterly Operating Margin rose 8.0% year-over-year to 1.46% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.85% (up 3.0% YoY) and the FY2025 annual result came in at 0.82%, up 8.0% from the prior year.
- Operating Margin was 1.46% for Q1 2026 at Cencora, up from 0.88% in the prior quarter.
- Across five years, Operating Margin topped out at 9.44% in Q3 2022 and bottomed at 0.02% in Q3 2025.
- A 5-year average of 1.4% and a median of 0.91% in 2024 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin jumped 916 bps — and 2023, when it slumped 875 bps.
- Cencora's Operating Margin stood at 1.01% in 2022, then climbed by 13 bps to 1.14% in 2023, then dropped by 24 bps to 0.87% in 2024, then climbed by 2 bps to 0.88% in 2025, then jumped by 65 bps to 1.46% in 2026.
- Business Quant data shows COR's Operating Margin at 1.46% in Q1 2026, 0.88% in Q4 2025, and 0.02% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 105.47 Bn | 101.49 Bn | 4.04 Bn | 2.23% |
| 2 | Cencora | 60.67 Bn | 58.50 Bn | 3.59 Bn | 1.46% |
| 3 | Cardinal Health | 53.85 Bn | 49.92 Bn | 2.50 Bn | 0.84% |
| 4 | Henry Schein | 9.74 Bn | 9.61 Bn | 1.07 Bn | 5.40% |
| 5 | Akso Health | 3.28 Bn | 3.28 Bn | - | - |
| 6 | 111 | 651.73 Mn | 572.63 Mn | 23.58 Mn | -0.01% |
| 7 | Accendra Health | 247.64 Mn | -89.24 Mn | 278.03 Mn | 2.73% |
| 8 | Edap Tms | 228.64 Mn | 213.64 Mn | 8.15 Mn | -41.35% |
| 9 | VitaNova Life Sciences | 11.51 Mn | 11.01 Mn | 316,343.00 | 6.59% |
| 10 | Cosmos Health | 9.55 Mn | 7.40 Mn | 1.38 Mn | -12.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.46% |
| Dec 31, 2025 | 0.88% |
| Sep 30, 2025 | 0.02% |
| Jun 30, 2025 | 1.08% |
| Mar 31, 2025 | 1.37% |
| Dec 31, 2024 | 0.87% |
| Sep 30, 2024 | 0.16% |
| Jun 30, 2024 | 0.91% |
| Mar 31, 2024 | 0.81% |
| Dec 31, 2023 | 1.14% |
| Sep 30, 2023 | 0.69% |
| Jun 30, 2023 | 1.00% |
| Mar 31, 2023 | 0.88% |
| Dec 31, 2022 | 1.01% |
| Sep 30, 2022 | 9.44% |
| Jun 30, 2022 | 0.81% |
| Mar 31, 2022 | 1.35% |
| Dec 31, 2021 | 1.08% |
| Sep 30, 2021 | 0.28% |
| Jun 30, 2021 | 1.16% |