McKesson Corporation (MCK) — Free Cash Flow Generation Index
McKesson Corporation (MCK) has a Free Cash Flow Generation Index of 0.97x as of March 2026. Free cash flow of $3.31 Billion represents 1% of operating cash flow ($3.42 Billion). Explore MCK capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
McKesson Corporation Free Cash Flow Generation Index (1995–2026)
Historical FCF Generation Index trend for McKesson Corporation across 31 annual periods. For the full cash flow conversion analysis, see MCK cash generation efficiency.
Annual Free Cash Flow Generation for McKesson Corporation (1995–2026)
Year-by-year Free Cash Flow Generation Index for McKesson Corporation. Check McKesson Corporation cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.93x | $5.72 Billion | $6.16 Billion | $436.00 Million | ▲ +8.2% |
| 2025 | 0.86x | $5.23 Billion | $6.08 Billion | $859.00 Million | ▲ +2.2% |
| 2024 | 0.84x | $3.63 Billion | $4.31 Billion | $687.00 Million | ▼ -5.7% |
| 2023 | 0.89x | $4.60 Billion | $5.16 Billion | $558.00 Million | ▲ +1.4% |
| 2022 | 0.88x | $3.90 Billion | $4.43 Billion | $535.00 Million | ▲ +2.4% |
| 2021 | 0.86x | $3.90 Billion | $4.54 Billion | $641.00 Million | ▼ -2.9% |
| 2020 | 0.88x | $3.87 Billion | $4.37 Billion | $506.00 Million | ▲ +2.6% |
| 2019 | 0.86x | $3.48 Billion | $4.04 Billion | $557.00 Million | ▼ -0.5% |
| 2018 | 0.87x | $3.77 Billion | $4.34 Billion | $580.00 Million | ▼ -1.7% |
| 2017 | 0.88x | $4.18 Billion | $4.74 Billion | $562.00 Million | ▲ +8.1% |
| 2016 | 0.82x | $3.00 Billion | $3.67 Billion | $677.00 Million | ▼ -1.1% |
| 2015 | 0.82x | $2.57 Billion | $3.11 Billion | $545.00 Million | ▼ -4.9% |
| 2014 | 0.87x | $2.72 Billion | $3.14 Billion | $415.00 Million | ▲ +3.7% |
| 2013 | 0.84x | $2.08 Billion | $2.48 Billion | $406.00 Million | ▼ -3.1% |
| 2012 | 0.86x | $2.55 Billion | $2.95 Billion | $403.00 Million | ▲ +3.5% |
| 2011 | 0.83x | $1.95 Billion | $2.34 Billion | $388.00 Million | ▼ -0.3% |
| 2010 | 0.84x | $1.94 Billion | $2.32 Billion | $378.00 Million | ▲ +17.9% |
| 2009 | 0.71x | $959.00 Million | $1.35 Billion | $392.00 Million | ▲ +20.2% |
| 2008 | 0.59x | $513.00 Million | $869.00 Million | $356.00 Million | ▼ -26.3% |
| 2007 | 0.80x | $1.23 Billion | $1.54 Billion | $306.00 Million | ▼ -14.7% |
| 2006 | 0.94x | $2.58 Billion | $2.74 Billion | $167.00 Million | ▲ +3.3% |
| 2005 | 0.91x | $1.40 Billion | $1.54 Billion | $139.90 Million | ▲ +14.2% |
| 2004 | 0.80x | $448.40 Million | $563.40 Million | $115.00 Million | ▼ -4.5% |
| 2003 | 0.83x | $579.50 Million | $695.50 Million | $116.00 Million | ▲ +38.9% |
| 2002 | 0.60x | $197.50 Million | $329.30 Million | $131.80 Million | ▲ +9.0% |
| 2001 | 0.55x | $194.20 Million | $353.10 Million | $158.90 Million | ▲ +173.8% |
| 1999 | -0.75x | $-236.30 Million | $317.10 Million | $553.40 Million | ▲ +99.3% |
| 1998 | -104.64x | $-230.20 Million | $2.20 Million | $232.40 Million | ▼ -2276.6% |
| 1997 | -4.40x | $-1.05 Billion | $238.10 Million | $1.29 Billion | ▲ +89.8% |
| 1996 | -43.32x | $-108.30 Million | $2.50 Million | $110.80 Million | ▼ -7592.7% |
| 1995 | 0.58x | $112.80 Million | $195.10 Million | $82.30 Million | — |