MCK
McKesson Corporation Healthcare - Distribution Investor Relations →
McKesson Corporation (MCK) closed at $814.02 as of 2026-05-01, trading 46.7% above its 200-week moving average of $554.77. The stock is currently moving closer to the line, down from 49.9% last week. The 14-week RSI sits at 49, indicating neutral momentum.
Trading volume is running at 1.3x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.79 ratio) is neutral — neither side is clearly dominating.
Over the past 1594 weeks of data, MCK has crossed below its 200-week moving average 16 times. On average, these episodes lasted 31 weeks. Historically, investors who bought MCK at the start of these episodes saw an average one-year return of +18.1%.
With a market cap of $99.7 billion, MCK is a large-cap stock. The company generates a free cash flow yield of 9.2%, which is notably high. The stock trades at -77.1x book value.
The company has been aggressively buying back shares, reducing its share count by 13.8% over the past three years.
Over the past 30.6 years, a hypothetical investment of $100 in MCK would have grown to $4144, compared to $2093 for the S&P 500. That represents an annualized return of 12.9% vs 10.5% for the index — confirming MCK as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 10.3% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: MCK vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MCK Crosses Below the Line?
Across 16 historical episodes, buying MCK when it crossed below its 200-week moving average produced an average return of +19.1% after 12 months (median +22.0%), compared to +14.1% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was +58.2% vs +31.9% for the index.
Each line shows $100 invested at the moment MCK crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MCK has crossed below its 200-week MA 16 times with an average 1-year return of +18.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 1996 | Sep 1996 | 7 | 5.7% | +108.6% | +4911.8% |
| Apr 1999 | Apr 2002 | 156 | 63.9% | -51.1% | +2756.3% |
| May 2002 | May 2003 | 53 | 24.1% | -24.0% | +2475.7% |
| Nov 2003 | Dec 2003 | 5 | 6.8% | -1.2% | +3273.8% |
| Jan 2004 | Apr 2004 | 14 | 12.0% | +4.7% | +3133.1% |
| Jun 2004 | Jul 2004 | 3 | 7.1% | +48.3% | +3039.1% |
| Aug 2004 | Dec 2004 | 18 | 23.3% | +55.5% | +3071.3% |
| Dec 2004 | Jan 2005 | 5 | 3.2% | +71.6% | +3020.5% |
| Sep 2008 | Jul 2009 | 43 | 40.8% | +19.4% | +1813.5% |
| Feb 2016 | Feb 2016 | 4 | 4.3% | -9.4% | +470.5% |
| Mar 2016 | Apr 2016 | 3 | 1.7% | -5.9% | +455.3% |
| Sep 2016 | Oct 2019 | 161 | 33.4% | -9.1% | +427.5% |
| Oct 2019 | Nov 2019 | 2 | 5.1% | +8.8% | +520.3% |
| Dec 2019 | Jan 2020 | 5 | 4.7% | +28.1% | +496.1% |
| Jan 2020 | Feb 2020 | 1 | 0.5% | +23.6% | +494.7% |
| Feb 2020 | May 2020 | 12 | 12.2% | +22.5% | +506.4% |
| Average | 31 | — | +18.1% | — |
Frequently Asked Questions
Is MCK below its 200-week moving average?
No. McKesson Corporation (MCK) is currently 46.7% above its 200-week moving average of $554.77. It would need to fall to $554.77 to cross below the line.
What is MCK's 200-week moving average price?
McKesson Corporation's 200-week moving average is $554.77 as of 2026-05-01. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MCK drops below its 200-week moving average?
MCK has crossed below its 200-week moving average 16 times in our data. On average, buying at that moment produced a one-year return of +18.1%. These dips have historically been decent entry points. These episodes lasted 31 weeks on average.
Is MCK a good value right now?
Here's what our data says about MCK as of 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 49. Free cash flow yield is 9.2%. Price-to-book is -77.1x. This is not a buy or sell recommendation — always do your own research.
How does MCK compare to the S&P 500?
Over the past 30.6 years, $100 invested in MCK would have grown to $4144, compared to $2093 for the S&P 500. That's 12.9% annualized vs 10.5% for the index. MCK has outperformed the broader market over this period.
Does MCK pay a dividend?
Yes. McKesson Corporation currently pays a dividend yield of 40.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-05-01