Cencora Inc

COR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$649.00	Blxwm	Tgflcnfk

Cencora Enjoys Robust Top-Line Growth From GLP-1s and Specialty Drugs but Sees Margin Headwinds

Keonhee Kim

Jul 31, 2024

Business Strategy and Outlook

Cencora is one of three leading domestic wholesalers of branded, generic, and specialty pharmaceutical products. With over $200 billion in annual US healthcare distribution sales, the company supplies roughly one third of the domestic drug distribution market. Its two close competitors are Cardinal Health and McKesson. Together, the three operate as a pharmaceutical wholesale and distribution oligopoly, supplying over 90% of the US market.

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