Subtext

McKesson Corporation MCK

SectorHealth Care
Transcripts67
Date range2008-07-23 – 2025-05-08
Calls charted67

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-18-9+0+9+182009 Q12011 Q32013 Q42016 Q12018 Q22020 Q32022 Q42025 Q12009 Q1 · Overall: +8.92009 Q2 · Overall: +3.42009 Q4 · Overall: +1.42010 Q1 · Overall: +13.02010 Q2 · Overall: +7.32010 Q3 · Overall: +5.32010 Q4 · Overall: +10.72011 Q1 · Overall: +4.42011 Q2 · Overall: +9.22011 Q3 · Overall: +6.82011 Q4 · Overall: +9.52012 Q1 · Overall: +11.52012 Q2 · Overall: +9.22012 Q3 · Overall: +6.42012 Q4 · Overall: +10.52013 Q1 · Overall: +10.72013 Q2 · Overall: +9.52013 Q3 · Overall: +4.72013 Q4 · Overall: +7.42014 Q1 · Overall: +13.22014 Q2 · Overall: +14.02014 Q3 · Overall: +4.82014 Q4 · Overall: +12.62015 Q1 · Overall: +9.02015 Q2 · Overall: +10.22015 Q3 · Overall: +7.62015 Q4 · Overall: +10.42016 Q1 · Overall: +15.72016 Q2 · Overall: +9.22016 Q3 · Overall: +3.72016 Q4 · Overall: +13.92017 Q1 · Overall: +8.32017 Q2 · Overall: +3.32017 Q3 · Overall: +0.72017 Q4 · Overall: +2.12018 Q1 · Overall: +11.12018 Q2 · Overall: +5.92018 Q3 · Overall: +12.42018 Q4 · Overall: +5.22019 Q1 · Overall: +4.12019 Q2 · Overall: +4.12019 Q3 · Overall: +11.02019 Q4 · Overall: +4.12020 Q1 · Overall: +10.52020 Q2 · Overall: +9.72020 Q3 · Overall: +12.12020 Q4 · Overall: +1.22021 Q1 · Overall: +3.82021 Q2 · Overall: +8.72021 Q3 · Overall: +8.02021 Q4 · Overall: +7.72022 Q1 · Overall: +12.12022 Q2 · Overall: +10.62022 Q3 · Overall: +11.72022 Q4 · Overall: +10.32023 Q1 · Overall: +6.62023 Q2 · Overall: +7.52023 Q3 · Overall: +14.92023 Q4 · Overall: +13.42024 Q1 · Overall: +10.52024 Q2 · Overall: +3.12024 Q3 · Overall: +11.82024 Q4 · Overall: +15.92025 Q1 · Overall: +10.02025 Q2 · Overall: +9.32025 Q3 · Overall: +10.02025 Q4 · Overall: +14.5
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-34-17+0+17+342009 Q12011 Q32013 Q42016 Q12018 Q22020 Q32022 Q42025 Q12009 Q4 · CEO: +7.82010 Q1 · CEO: +20.32010 Q2 · CEO: +10.82010 Q3 · CEO: +10.22010 Q4 · CEO: +18.52011 Q1 · CEO: +9.82011 Q2 · CEO: +15.62011 Q3 · CEO: +13.22011 Q4 · CEO: +19.62012 Q1 · CEO: +21.92012 Q2 · CEO: +18.62012 Q3 · CEO: +14.22012 Q4 · CEO: +21.72013 Q1 · CEO: +18.22013 Q2 · CEO: +19.42013 Q3 · CEO: +17.52013 Q4 · CEO: +18.32014 Q1 · CEO: +24.92014 Q2 · CEO: +22.32014 Q3 · CEO: +13.12014 Q4 · CEO: +21.82015 Q1 · CEO: +20.02015 Q2 · CEO: +21.32015 Q3 · CEO: +16.62016 Q3 · CEO: +9.22017 Q2 · CEO: +10.02017 Q3 · CEO: +8.02017 Q4 · CEO: +11.42018 Q1 · CEO: +16.32018 Q2 · CEO: +8.52018 Q3 · CEO: +16.12018 Q4 · CEO: +12.42019 Q1 · CEO: +10.62019 Q2 · CEO: +12.52019 Q3 · CEO: +23.42019 Q4 · CEO: +11.82020 Q1 · CEO: +13.52020 Q2 · CEO: +15.52020 Q3 · CEO: +15.92020 Q4 · CEO: +4.72021 Q1 · CEO: +10.02021 Q2 · CEO: +12.52021 Q3 · CEO: +13.02021 Q4 · CEO: +14.22022 Q1 · CEO: +22.82022 Q3 · CEO: +22.22022 Q4 · CEO: +25.82023 Q1 · CEO: +13.02023 Q2 · CEO: +19.52023 Q3 · CEO: +27.72023 Q4 · CEO: +29.22024 Q1 · CEO: +29.52024 Q2 · CEO: +14.22024 Q3 · CEO: +23.42024 Q4 · CEO: +26.62025 Q1 · CEO: +20.32025 Q2 · CEO: +20.02025 Q3 · CEO: +17.42025 Q4 · CEO: +26.92009 Q1 · CFO: -7.72009 Q2 · CFO: +10.62009 Q4 · CFO: -6.32010 Q1 · CFO: +11.92010 Q2 · CFO: +6.22010 Q3 · CFO: +2.62010 Q4 · CFO: +7.72011 Q1 · CFO: +3.22011 Q2 · CFO: +6.02011 Q3 · CFO: +0.02011 Q4 · CFO: +4.52012 Q1 · CFO: +6.02012 Q2 · CFO: +2.72012 Q3 · CFO: -0.42012 Q4 · CFO: +5.42013 Q1 · CFO: +4.72013 Q2 · CFO: +3.32013 Q3 · CFO: -4.52013 Q4 · CFO: +0.02014 Q2 · CFO: +8.62014 Q3 · CFO: -1.32014 Q4 · CFO: +5.02015 Q1 · CFO: +0.02015 Q2 · CFO: +2.02015 Q3 · CFO: +5.32016 Q3 · CFO: -1.52017 Q2 · CFO: +0.32017 Q3 · CFO: -3.42017 Q4 · CFO: -2.52018 Q1 · CFO: +10.12018 Q2 · CFO: +3.52018 Q3 · CFO: +11.72018 Q4 · CFO: +0.82019 Q1 · CFO: -4.22019 Q2 · CFO: -1.22019 Q3 · CFO: +1.12019 Q4 · CFO: +2.32020 Q1 · CFO: +11.32020 Q2 · CFO: +8.12020 Q3 · CFO: +7.82020 Q4 · CFO: +3.22021 Q1 · CFO: +2.02021 Q2 · CFO: +8.92021 Q3 · CFO: +4.82021 Q4 · CFO: +9.52022 Q1 · CFO: +6.52022 Q3 · CFO: +7.12022 Q4 · CFO: +6.22023 Q1 · CFO: +3.12023 Q2 · CFO: +0.32023 Q3 · CFO: +8.82023 Q4 · CFO: +10.42024 Q1 · CFO: +5.02024 Q2 · CFO: +0.32024 Q3 · CFO: +8.02024 Q4 · CFO: +8.22025 Q1 · CFO: +10.02025 Q2 · CFO: +8.52025 Q3 · CFO: +13.22025 Q4 · CFO: +14.1
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-33-17+0+17+332009 Q12011 Q32013 Q42016 Q12018 Q22020 Q32022 Q42025 Q12009 Q1 · Prepared remarks: +18.22009 Q2 · Prepared remarks: +11.32009 Q4 · Prepared remarks: +6.92010 Q1 · Prepared remarks: +21.22010 Q2 · Prepared remarks: +11.52010 Q3 · Prepared remarks: +13.32010 Q4 · Prepared remarks: +20.32011 Q1 · Prepared remarks: +9.52011 Q2 · Prepared remarks: +9.32011 Q3 · Prepared remarks: +8.22011 Q4 · Prepared remarks: +15.12012 Q1 · Prepared remarks: +18.02012 Q2 · Prepared remarks: +12.52012 Q3 · Prepared remarks: +8.42012 Q4 · Prepared remarks: +19.52013 Q1 · Prepared remarks: +12.52013 Q2 · Prepared remarks: +17.82013 Q3 · Prepared remarks: +7.32013 Q4 · Prepared remarks: +11.82014 Q1 · Prepared remarks: +19.92014 Q2 · Prepared remarks: +20.32014 Q3 · Prepared remarks: +6.72014 Q4 · Prepared remarks: +17.62015 Q1 · Prepared remarks: +12.92015 Q2 · Prepared remarks: +21.42015 Q3 · Prepared remarks: +15.92015 Q4 · Prepared remarks: +14.62016 Q1 · Prepared remarks: +16.42016 Q2 · Prepared remarks: +14.52016 Q3 · Prepared remarks: +4.82016 Q4 · Prepared remarks: +17.72017 Q1 · Prepared remarks: +11.72017 Q2 · Prepared remarks: +6.62017 Q3 · Prepared remarks: +3.72017 Q4 · Prepared remarks: +1.82018 Q1 · Prepared remarks: +7.62018 Q2 · Prepared remarks: +7.82018 Q3 · Prepared remarks: +14.82018 Q4 · Prepared remarks: +5.42019 Q1 · Prepared remarks: +4.12019 Q2 · Prepared remarks: +3.52019 Q3 · Prepared remarks: +11.02019 Q4 · Prepared remarks: +3.62020 Q1 · Prepared remarks: +4.82020 Q2 · Prepared remarks: +9.62020 Q3 · Prepared remarks: +7.62020 Q4 · Prepared remarks: +6.62021 Q1 · Prepared remarks: +6.82021 Q2 · Prepared remarks: +6.82021 Q3 · Prepared remarks: +8.72021 Q4 · Prepared remarks: +8.92022 Q1 · Prepared remarks: +12.12022 Q2 · Prepared remarks: +15.92022 Q3 · Prepared remarks: +13.02022 Q4 · Prepared remarks: +15.72023 Q1 · Prepared remarks: +9.42023 Q2 · Prepared remarks: +12.32023 Q3 · Prepared remarks: +14.22023 Q4 · Prepared remarks: +17.02024 Q1 · Prepared remarks: +16.52024 Q2 · Prepared remarks: +5.42024 Q3 · Prepared remarks: +12.12024 Q4 · Prepared remarks: +20.82025 Q1 · Prepared remarks: +18.22025 Q2 · Prepared remarks: +17.22025 Q3 · Prepared remarks: +18.42025 Q4 · Prepared remarks: +24.32009 Q1 · Q&A responses: +2.82009 Q2 · Q&A responses: -0.72009 Q4 · Q&A responses: -1.32010 Q1 · Q&A responses: +9.92010 Q2 · Q&A responses: +5.72010 Q3 · Q&A responses: +2.02010 Q4 · Q&A responses: +2.02011 Q1 · Q&A responses: +2.12011 Q3 · Q&A responses: +5.62011 Q4 · Q&A responses: +7.22012 Q1 · Q&A responses: +10.32012 Q2 · Q&A responses: +7.12012 Q3 · Q&A responses: +5.02012 Q4 · Q&A responses: +5.42013 Q1 · Q&A responses: +10.92013 Q2 · Q&A responses: +5.72013 Q3 · Q&A responses: +3.62013 Q4 · Q&A responses: +5.22014 Q1 · Q&A responses: +10.82014 Q2 · Q&A responses: +13.52014 Q3 · Q&A responses: +7.42014 Q4 · Q&A responses: +7.92015 Q1 · Q&A responses: +7.02015 Q2 · Q&A responses: +9.12015 Q3 · Q&A responses: +6.62015 Q4 · Q&A responses: +7.82016 Q1 · Q&A responses: +15.92016 Q2 · Q&A responses: +5.02016 Q3 · Q&A responses: +4.22016 Q4 · Q&A responses: +10.22017 Q1 · Q&A responses: +7.72017 Q2 · Q&A responses: +3.72017 Q3 · Q&A responses: +0.02017 Q4 · Q&A responses: +4.52018 Q1 · Q&A responses: +16.92018 Q2 · Q&A responses: +3.82018 Q3 · Q&A responses: +13.72018 Q4 · Q&A responses: +7.62019 Q2 · Q&A responses: +6.92019 Q3 · Q&A responses: +18.02019 Q4 · Q&A responses: +8.32020 Q1 · Q&A responses: +17.02020 Q2 · Q&A responses: +14.82020 Q3 · Q&A responses: +17.52020 Q4 · Q&A responses: -2.02021 Q1 · Q&A responses: +0.32021 Q2 · Q&A responses: +12.32021 Q3 · Q&A responses: +6.92021 Q4 · Q&A responses: +15.22022 Q1 · Q&A responses: +29.02022 Q2 · Q&A responses: +6.12022 Q3 · Q&A responses: +10.52022 Q4 · Q&A responses: +6.62023 Q1 · Q&A responses: +1.72023 Q2 · Q&A responses: +0.92023 Q3 · Q&A responses: +18.32023 Q4 · Q&A responses: +9.92024 Q1 · Q&A responses: +2.32024 Q2 · Q&A responses: +0.82024 Q3 · Q&A responses: +13.62024 Q4 · Q&A responses: +9.22025 Q1 · Q&A responses: -0.32025 Q2 · Q&A responses: +5.92025 Q3 · Q&A responses: +3.32025 Q4 · Q&A responses: +5.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$8.69$23.21$37.732009 Q12011 Q32013 Q42016 Q12018 Q22020 Q32022 Q42025 Q12014 Q1: $10.692014 Q2: $11.102014 Q3: $11.732014 Q4: $12.202015 Q1: $12.592015 Q2: $13.082015 Q3: $13.632015 Q4: $14.052016 Q1: $13.532016 Q2: $13.772016 Q3: $14.092016 Q4: $12.552017 Q1: $11.982017 Q2: $12.342017 Q3: $12.482017 Q4: $12.742018 Q1: $13.442018 Q2: $13.622018 Q3: $13.822018 Q4: $13.982019 Q1: $14.232019 Q2: $14.422019 Q3: $14.952019 Q4: $15.212020 Q1: $15.832020 Q2: $15.042020 Q3: $16.122020 Q4: $17.412021 Q1: $18.822021 Q2: $19.592021 Q3: $20.762021 Q4: $22.202022 Q1: $23.212022 Q2: $23.892022 Q3: $25.252022 Q4: $25.982023 Q1: $26.442023 Q2: $27.492023 Q3: $28.922023 Q4: $29.932024 Q1: $31.012024 Q2: $32.762024 Q3: $33.902024 Q4: $35.72

Forward P/E

7.0713.1619.252009 Q12011 Q32013 Q42016 Q12018 Q22020 Q32022 Q42025 Q12014 Q1: 17.022014 Q2: 16.702014 Q3: 16.662014 Q4: 16.832015 Q1: 18.182015 Q2: 17.872015 Q3: 14.982015 Q4: 13.572016 Q1: 11.532016 Q2: 13.142016 Q3: 11.902016 Q4: 11.422017 Q1: 12.382017 Q2: 13.242017 Q3: 12.632017 Q4: 12.182018 Q1: 11.572018 Q2: 10.982018 Q3: 9.722018 Q4: 7.912019 Q1: 8.262019 Q2: 9.362019 Q3: 9.612019 Q4: 9.012020 Q1: 8.582020 Q2: 10.272020 Q3: 9.472020 Q4: 9.902021 Q1: 9.942021 Q2: 9.772021 Q3: 10.052021 Q4: 10.462022 Q1: 12.552022 Q2: 12.882022 Q3: 13.522022 Q4: 14.332023 Q1: 12.682023 Q2: 14.232023 Q3: 14.542023 Q4: 15.392024 Q1: 16.782024 Q2: 18.412024 Q3: 15.092024 Q4: 15.98

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -9.2 fwd EPS ↑ +0.64 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q1 tone ↓ -3.6 fwd EPS ↑ +0.39 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -2.6 fwd EPS ↑ +0.55 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q1 tone ↑ +5.3 fwd EPS ↓ -0.52 Tone rose while the forward EPS estimate was cut.
  • 2016 Q2 tone ↓ -6.5 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q3 tone ↓ -5.5 fwd EPS ↑ +0.32 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q4 tone ↑ +10.1 fwd EPS ↓ -1.54 Tone rose while the forward EPS estimate was cut.
  • 2017 Q2 tone ↓ -5.0 fwd EPS ↑ +0.36 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -2.6 fwd EPS ↑ +0.14 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q2 tone ↓ -5.2 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q4 tone ↓ -7.2 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -7.0 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q4 tone ↓ -10.9 fwd EPS ↑ +1.28 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↓ -3.7 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q1 tone ↓ -2.9 fwd EPS ↑ +1.08 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -7.4 fwd EPS ↑ +1.75 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q42025-05-08+14.5——View →
2025 Q32025-02-05+10.0——View →
2025 Q22024-11-06+9.3——View →
2025 Q12024-08-07+10.0——View →
2024 Q42024-05-07+15.9$35.7216.0View →
2024 Q32024-02-07+11.8$33.9015.1View →
2024 Q22023-11-01+3.1$32.7618.4View →
2024 Q12023-08-02+10.5$31.0116.8View →