Cardinal Health
Cardinal Health returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Dec 31, 2025 | 84.27% | 19.08% | 17.87% | — | 3.16% | 76.6 pp |
| FY 2026 Q1 | Sep 30, 2025 | 484.91% | 20.35% | 17.22% | — | 3.25% | 477.2 pp |
| FY 2025 Q4 | Jun 30, 2025 | — | 19.19% | 15.48% | — | 3.18% | — |
| FY 2025 Q3 | Mar 31, 2025 | 250.54% | 19.8% | 30.28% | — | 3.25% | 242.8 pp |
| FY 2025 Q2 | Dec 31, 2024 | — | 18.86% | 17.14% | — | 2.8% | — |
| FY 2025 Q1 | Sep 30, 2024 | — | 21.44% | 66.66% | — | 2.91% | — |
| FY 2024 Q4 | Jun 30, 2024 | — | 12.95% | — | — | 1.92% | — |
| FY 2024 Q3 | Mar 31, 2024 | — | 9.51% | -4.25% | — | 1.24% | — |
| FY 2024 Q2 | Dec 31, 2023 | — | 12.04% | — | — | 1.4% | — |
| FY 2024 Q1 | Sep 30, 2023 | — | 5.63% | — | — | 0.36% | — |
| FY 2023 Q4 | Jun 30, 2023 | — | 6.31% | — | — | 0.6% | — |
| FY 2023 Q3 | Mar 31, 2023 | 109.33% | 5.16% | — | — | 1.08% | 101.6 pp |
| FY 2023 Q2 | Dec 31, 2022 | — | -0.32% | — | — | -2.89% | — |
| FY 2023 Q1 | Sep 30, 2022 | — | -6.17% | — | — | -2.53% | — |
| FY 2022 Q4 | Jun 30, 2022 | — | -3.95% | — | -172.46% | -2.11% | — |
| FY 2022 Q3 | Mar 31, 2022 | — | -2.94% | — | -174.75% | -2.22% | — |
| FY 2022 Q2 | Dec 31, 2021 | — | 0.57% | — | 37.39% | 1.26% | — |
| FY 2022 Q1 | Sep 30, 2021 | — | 8.83% | — | 80.64% | 2.68% | — |
| FY 2021 Q4 | Jun 30, 2021 | — | 2.78% | — | 34.13% | 1.43% | — |
| FY 2021 Q3 | Mar 31, 2021 | — | 3.31% | — | 76.91% | 2.71% | — |
| FY 2021 Q2 | Dec 31, 2020 | 10.12% | 3.81% | — | 93.06% | 3.22% | 2.4 pp |
| FY 2021 Q1 | Sep 30, 2020 | — | 3.16% | — | 83.81% | 2.41% | — |
| FY 2020 Q4 | Jun 30, 2020 | — | -24.1% | — | -91.07% | -9.04% | — |
| FY 2020 Q3 | Mar 31, 2020 | — | -24.34% | — | -111.88% | -10.15% | — |
| FY 2020 Q2 | Dec 31, 2019 | — | -25.56% | — | — | -10.34% | — |
| FY 2020 Q1 | Sep 30, 2019 | — | -23.94% | — | — | -10.49% | — |
| FY 2019 Q4 | Jun 30, 2019 | 12.78% | 12.15% | — | 22.01% | 3.37% | 5.1 pp |
| FY 2019 Q3 | Mar 31, 2019 | 0.08% | 3.68% | — | 0.04% | 0.01% | -7.6 pp |
| FY 2019 Q2 | Dec 31, 2018 | — | 4.32% | — | — | -0.09% | — |
| FY 2019 Q1 | Sep 30, 2018 | — | 3.73% | — | — | 1.79% | — |
| FY 2018 Q4 | Jun 30, 2018 | — | 0.7% | — | 3.98% | 0.64% | — |
| FY 2018 Q3 | Mar 31, 2018 | — | 9.69% | — | 23.93% | 4.51% | — |
| FY 2018 Q2 | Dec 31, 2017 | — | 10.09% | — | 26.19% | 4.68% | — |
| FY 2018 Q1 | Sep 30, 2017 | 9.89% | 10.89% | -3.62% | 16.59% | 2.87% | 2.2 pp |
| FY 2017 Q4 | Jun 30, 2017 | 13.61% | 12.73% | -8.32% | 19.28% | 3.49% | 5.9 pp |
| FY 2017 Q3 | Mar 31, 2017 | 14.32% | 15.85% | -3.07% | 20.17% | 3.95% | 6.6 pp |
| FY 2017 Q2 | Dec 31, 2016 | 14.78% | 16.43% | — | 20.75% | 3.95% | 7.1 pp |
| FY 2017 Q1 | Sep 30, 2016 | 15.27% | 17.05% | -0.33% | 20.8% | 4.13% | 7.6 pp |
| FY 2016 Q4 | Jun 30, 2016 | 18.31% | 18% | 8.18% | 22.28% | 4.44% | 10.6 pp |
| FY 2016 Q3 | Mar 31, 2016 | 17.75% | 18.32% | 8.9% | 21.25% | 4.49% | 10 pp |
| FY 2016 Q2 | Dec 31, 2015 | 17.17% | 18.05% | 9.75% | 21.37% | 4.51% | 9.5 pp |
| FY 2016 Q1 | Sep 30, 2015 | 17.35% | 19.09% | 24.6% | 20.88% | 4.68% | 9.7 pp |
| FY 2015 Q4 | Jun 30, 2015 | 18.19% | 18.15% | — | 19.2% | 4.33% | 10.5 pp |
| FY 2015 Q3 | Mar 31, 2015 | 17.47% | 17.27% | — | 17.89% | 4.39% | 9.8 pp |
| FY 2015 Q2 | Dec 31, 2014 | 16.07% | 16.68% | — | 17.4% | 4.23% | 8.4 pp |
| FY 2015 Q1 | Sep 30, 2014 | 15.03% | 17% | 187.41% | 17.41% | 4.41% | 7.3 pp |
| FY 2014 Q4 | Jun 30, 2014 | 15.8% | 17.02% | — | 18.84% | 4.5% | 8.1 pp |
| FY 2014 Q3 | Mar 31, 2014 | 4.7% | 8.86% | — | 5.18% | 1.35% | -3 pp |
| FY 2014 Q2 | Dec 31, 2013 | 5.69% | 9.25% | -128.91% | 5.73% | 1.51% | -2 pp |
| FY 2014 Q1 | Sep 30, 2013 | 6.45% | 9.4% | -99.3% | 6.38% | 1.65% | -1.2 pp |
| FY 2013 Q4 | Jun 30, 2013 | 5.08% | 9.35% | -70.82% | 5.47% | 1.33% | -2.6 pp |
| FY 2013 Q3 | Mar 31, 2013 | 16.2% | 16.71% | 5.48% | 17.67% | 4.5% | 8.5 pp |
| FY 2013 Q2 | Dec 31, 2012 | 17.26% | 18.86% | 36.56% | 18.34% | 4.68% | 9.6 pp |
| FY 2013 Q1 | Sep 30, 2012 | 17.89% | 18.8% | 40.58% | 18.38% | 4.59% | 10.2 pp |
| FY 2012 Q4 | Jun 30, 2012 | 17% | 18.32% | 37.45% | 17.68% | 4.54% | 9.3 pp |
| FY 2012 Q3 | Mar 31, 2012 | 17.44% | 18.17% | 65.75% | 17.4% | 4.33% | 9.7 pp |
| FY 2012 Q2 | Dec 31, 2011 | 15.1% | 17.69% | — | 16.7% | 4.02% | 7.4 pp |
| FY 2012 Q1 | Sep 30, 2011 | 17.62% | 17.45% | 2.32% | 16.45% | 4.08% | 9.9 pp |
| FY 2011 Q4 | Jun 30, 2011 | 17.4% | 16.89% | 18.65% | 17.24% | 4.48% | 9.7 pp |
| FY 2011 Q3 | Mar 31, 2011 | 17.36% | 16.58% | — | 17.78% | 4.41% | 9.7 pp |
| FY 2011 Q2 | Dec 31, 2010 | 14.88% | 15.79% | — | 17.96% | 4.38% | 7.2 pp |
| FY 2011 Q1 | Sep 30, 2010 | 17.62% | 17.03% | — | 19.16% | 4.71% | 9.9 pp |
| FY 2010 Q4 | Jun 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2010 Q1 | Sep 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CAH, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.