E488 - McKesson's 210 Million Accounting illusion

McKesson's $210 Million Accounting Illusion

What happens when a company reports $403.4 billion in revenue, $4.76 billion in net income, and 45% net-income growth — but part of that story includes a $210 million accounting credit?

In this episode of Trail Boss Radio, we take McKesson Corporation (MCK) down the trail and look beyond the headline numbers.

McKesson is one of the biggest healthcare businesses headquartered in North Texas. But the 2026 10-K tells a much more interesting story than its enormous revenue number suggests.

We break down:

🐂 $403.4 billion in FY2026 revenue

📈 45% growth in net income

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