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Mckesson Corporation  (MCK)
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Mckesson's

Competitiveness


 

MCK Sales vs. its Competitors Q2 2024



Comparing the current results to its competitors, Mckesson reported Revenue increase in the 2 quarter 2024 by 6.44 % year on year.
The sales growth was above Mckesson's competitors' average revenue growth of 2.62 %, achieved in the same quarter.

List of MCK Competitors

With a net margin of 1.21 % Mckesson achieved higher profitability than its competitors.

More on MCK Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Mckesson Corporation Net Income in the 2 quarter 2024 fell year on year by -3.71%, slower than its competitors' income growth of 175.69 %

<<  MCK Stock Performance Comparisons


Mckesson's Comment on Competition and Industry Peers


In every area of healthcare distribution operations, our Distribution Solutions segment faces a highly competitive global environment with strong competition, both in price and service, from international, national, regional and local full-line, short-line and specialty wholesalers, service merchandisers, self-warehousing chains, manufacturers engaged in direct distribution, third-party logistics companies and large payer organizations. In addition, this segment faces competition from various other service providers and from pharmaceutical and other healthcare manufacturers as well as other potential customers of the segment, which may from time-to-time decide to develop, for their own internal needs, supply management capabilities that would otherwise be provided by the segment. Price, quality of service, innovation and, in some cases, convenience to the customer are generally the principal competitive elements in this segment.
Our Technology Solutions segment experiences substantial competition from many firms, including other software services firms, consulting firms, shared service vendors, certain hospitals and hospital groups, payers, care management organizations, hardware vendors and internet-based companies with technology applicable to the healthcare industry. Competition varies in size from small to large companies, in geographical coverage and in scope and breadth of products and services offered.



  

Overall company Market Share Q2 2024

With revenue growth of 6.44 % within Overall company, Mckesson Corporation achieved improvement in market share, within Overall company to approximately 24.29 %.
<<  More on MCK Market Share.
 
*Market share is calculated based on total revenue.





Publicly Traded Peers of Mckesson Corporation




Cardinal Health Inc
Share Performance



+16.25%
This Quarter



Cardinal Health Inc
Profile

Cardinal Health Inc operates as a prominent integrated healthcare services provider in the United States, specializing in the distribution of pharmaceuticals and medical products to various healthcare settings, including retail pharmacies and hospitals. The company enhances healthcare efficiency through a range of services such as inventory management, medication therapy management, and data analytics solutions aimed at optimizing operations and improving patient care.

More about Cardinal Health Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 27,812.243 mill. $ 226,827.000 mill. $ 853.000 mill.


Becton Dickinson And Company
Share Performance



-10.77%
One Year



Becton Dickinson And Company
Profile

Becton Dickinson and Company operates a business model focused on developing and providing advanced medical technologies, including a diverse portfolio of medical devices and diagnostic products. Their strategy emphasizes innovation, quality, and strategic partnerships to enhance patient care and streamline healthcare processes across various settings.

More about Becton Dickinson And Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 68,751.065 mill. $ 19,828.000 mill. $ 1,412.000 mill.


Danaher Corporation
Share Performance



-1.86%
Over The Past 5 Days



Danaher Corporation
Profile

Danaher Corporation operates a diversified business model centered on developing advanced technologies and solutions across multiple sectors, particularly life sciences, diagnostics, dental, and environmental. The company emphasizes continuous innovation and operational excellence, leveraging its proprietary technologies to drive growth and improve efficiency. By strategically acquiring and integrating complementary businesses, Danaher enhances its product offerings while expanding its global market presence.

More about Danaher Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 199,564.544 mill. $ 21,105.000 mill. $ 4,203.000 mill.


Helen Of Troy Limited
Share Performance



+13.34%
30 Days



Helen Of Troy Limited
Profile

Helen of Troy Limited operates as a consumer products company, engaged in the design, development, and distribution of various personal care, healthcare, and household products. Their business model focuses on introducing innovative and quality products to the market, targeting different consumer segments through multiple distribution channels.

More about Helen Of Troy Limited's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,473.990 mill. $ 1,946.067 mill. $ 152.217 mill.


Johnson and Johnson
Share Performance



-0.92%
Over The Past 5 Days



Johnson and Johnson
Profile

Johnson & Johnson operates as a multinational healthcare company with a diversified business model that spans pharmaceuticals, medical devices, and consumer health products. By focusing on innovation and strategic acquisitions, the company aims to improve global health and well-being.

More about Johnson and Johnson's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 386,769.180 mill. $ 86,576.000 mill. $ 38,018.000 mill.


Know Labs Inc
Share Performance



+8.33%
One Year



Know Labs Inc
Profile

Know Labs Inc is a technology company that primarily focuses on developing and commercializing non-invasive diagnostic devices and sensors for various industries. They utilize their proprietary Bio-RFID technology to provide real-time, accurate and cost-effective measurements, enabling businesses to monitor various biological and chemical analytes efficiently.

More about Know Labs Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 21.590 mill. $ - mill. $ -15.432 mill.


Medtronic Plc
Share Performance



+6.40%
This Year



Medtronic Plc
Profile

Medtronic Plc operates a global business model centered on the development and distribution of advanced medical technologies across four key segments: Cardiac and Vascular, Minimally Invasive Therapies, Restorative Therapies, and Diabetes. The company emphasizes innovation and collaboration with healthcare providers to enhance patient outcomes and drive efficiency within healthcare systems.

More about Medtronic Plc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 114,273.510 mill. $ 32,577.000 mill. $ 3,957.000 mill.


3m Company
Share Performance



-0.55%
Over The Past 5 Days



3m Company
Profile

3M Company operates a diversified business model by offering innovative solutions across multiple segments, including healthcare, safety and industrial, transportation, and consumer goods. The company leverages its extensive portfolio of patents and deep customer relationships to drive product development and market responsiveness, focusing on delivering value across various industries.

More about 3m Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 74,726.012 mill. $ 30,583.000 mill. $ 960.000 mill.


Patterson Companies Inc
Share Performance



-29.35%
This Year



Patterson Companies Inc
Profile

Patterson Companies Inc's business model focuses on distributing and selling a wide range of products and solutions to various industries, including dental, animal health, and rehabilitation.

More about Patterson Companies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,796.834 mill. $ 6,533.796 mill. $ 168.028 mill.


Stryker Corp
Share Performance



-1.22%
Over The Past 5 Days



Stryker Corp
Profile

Stryker Corps business model focuses on innovation in medical technologies and devices, specializing in areas such as orthopedics, surgical equipment, and neurotechnology, to enhance patient care and improve outcomes in the healthcare industry.

More about Stryker Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 135,194.466 mill. $ 21,389.000 mill. $ 3,448.000 mill.


Cognizant Technology Solutions Corporation
Share Performance



-0.82%
Over The Past 5 Days



Cognizant Technology Solutions Corporation
Profile

Cognizant Technology Solutions Corporation operates as a multinational IT services provider, offering consulting and outsourcing services. Their business model emphasizes improving client performance through innovative technology solutions, forming long-term partnerships, and utilizing a global delivery network for cost-effective services across diverse industries.

More about Cognizant Technology Solutions Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 37,912.740 mill. $ 19,265.000 mill. $ 2,195.000 mill.


Cvs Health Corporation
Share Performance



-18.49%
This Year



Cvs Health Corporation
Profile

CVS Health Corporation operates as a diversified health care company that integrates pharmacy services, retail health products, and health care programs to enhance patient access to care. Their business model emphasizes the convenience of one-stop shopping by combining retail locations, pharmacy distribution, and clinical services, which includes MinuteClinic walk-in clinics for immediate care. To foster customer loyalty, CVS Health leverages personalized services, digital engagement, and initiatives like the ExtraCare rewards program, creating a holistic health experience for consumers.

More about Cvs Health Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 82,968.100 mill. $ 363,248.000 mill. $ 7,204.000 mill.


Omnicell inc
Share Performance



+63.71%
This Quarter



Omnicell inc
Profile

Omnicell Inc operates on a business model centered around providing medication and supply management solutions to healthcare organizations. They develop and market automated dispensing systems, inventory management software, and analytics tools to improve medication safety and efficiency for hospitals and pharmacies. With a focus on optimizing medication management, Omnicell's products and services aim to streamline workflows and support effective healthcare delivery.

More about Omnicell inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,981.389 mill. $ 1,079.742 mill. $ -20.763 mill.


Walgreens Boots Alliance Inc
Share Performance



-65.93%
This Year



Walgreens Boots Alliance Inc
Profile

Walgreens Boots Alliance Inc operates as a retail pharmacy and health and wellness company, focusing on accessible healthcare products and services. Their business model emphasizes offering prescription medications, beauty and personal care products, and health-related items through a comprehensive retail network of physical stores and online platforms. They partner with healthcare providers and payers to enhance consumer access and improve healthcare outcomes.

More about Walgreens Boots Alliance Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,847.844 mill. $ 148,353.000 mill. $ -12,855.000 mill.



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