NASDAQ : HSIC
Henry Schein, Inc. — Financial statements
Healthcare · Medical Distribution · United States
Last price 86.44 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.63B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Henry Schein, Inc. (HSIC) reported revenue of 13.60B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 13.60B | 13.18B | 12.67B | 12.34B | 12.65B | 12.40B |
| Cost of Revenue | 9.34B | 9.08B | 8.66B | 8.48B | 8.82B | 8.73B |
| Gross Profit | 4.26B | 4.11B | 4.02B | 3.86B | 3.83B | 3.67B |
| Selling, General & Admin | 3.20B | 3.10B | 3.01B | 2.92B | 2.76B | 2.63B |
| Operating Expenses | 3.48B | 3.36B | 3.27B | 3.13B | 2.94B | 2.81B |
| Operating Income | 783.00M | 742.00M | 751.00M | 728.00M | 887.00M | 860.00M |
| Interest Expense | -159.00M | -150.00M | -131.00M | -87.00M | -35.00M | -27.00M |
| Interest & Investment Income | 33.00M | 33.00M | 24.00M | 17.00M | 8.00M | 6.00M |
| Earnings From Equity Investments | 4.00M | 12.00M | 13.00M | 14.00M | 15.00M | 20.00M |
| Other Non Operating Income (Expenses) | -3.00M | -1.00M | -3.00M | 1.00M | ||
| EBT Excluding Unusual Items | 661.00M | 634.00M | 656.00M | 669.00M | 876.00M | 859.00M |
| Merger & Restructuring Charges | -104.00M | -111.00M | -116.00M | -102.00M | -140.00M | -8.00M |
| Gain (Loss) on Sale of Investments | 7.00M | |||||
| Other Unusual Items | 1.00M | 2.00M | -54.00M | -11.00M | ||
| Pretax Income | 558.00M | 545.00M | 526.00M | 556.00M | 736.00M | 858.00M |
| Income Tax Expense | 132.00M | 126.00M | 128.00M | 120.00M | 170.00M | 198.00M |
| Earnings From Continuing Operations | 426.00M | 419.00M | 398.00M | 436.00M | 566.00M | 660.00M |
| Net Income to Company | 426.00M | 419.00M | 398.00M | 436.00M | 566.00M | 660.00M |
| Minority Interest in Earnings | -23.00M | -21.00M | -8.00M | -20.00M | -28.00M | -29.00M |
| Net Income | 403.00M | 398.00M | 390.00M | 416.00M | 538.00M | 631.00M |
| Net Income to Common | 403.00M | 398.00M | 390.00M | 416.00M | 538.00M | 631.00M |
| Shares Outstanding (Basic) | 116.48M | 120.81M | 126.79M | 130.62M | 136.06M | 140.09M |
| Shares Outstanding (Diluted) | 117.47M | 121.72M | 127.78M | 131.75M | 137.76M | 141.77M |
| EPS (Basic) | 3.46 | 3.29 | 3.08 | 3.18 | 3.95 | 4.50 |
| EPS (Diluted) | 3.43 | 3.27 | 3.05 | 3.16 | 3.91 | 4.45 |
| Free Cash Flow | 569.00M | 573.00M | 700.00M | 353.00M | 506.00M | 631.00M |
| Free Cash Flow Per Share | 4.84 | 4.71 | 5.48 | 2.68 | 3.67 | 4.45 |
| Gross Margin | 31.32% | 31.14% | 31.69% | 31.28% | 30.29% | 29.63% |
| Operating Margin | 5.76% | 5.63% | 5.93% | 5.90% | 7.01% | 6.93% |
| Profit Margin | 2.96% | 3.02% | 3.08% | 3.37% | 4.25% | 5.09% |
| Free Cash Flow Margin | 4.18% | 4.35% | 5.52% | 2.86% | 4.00% | 5.09% |
| EBITDA | 1.08B | 1.02B | 1.02B | 950.00M | 1.08B | 1.07B |
| EBITDA Margin | 7.94% | 7.76% | 8.04% | 7.70% | 8.55% | 8.63% |
| D&A For EBITDA | 297.00M | 281.00M | 268.00M | 222.00M | 194.00M | 210.00M |
| EBIT | 783.00M | 742.00M | 751.00M | 728.00M | 887.00M | 860.00M |
| EBIT Margin | 5.76% | 5.63% | 5.93% | 5.90% | 7.01% | 6.93% |
| Effective Tax Rate | 23.66% | 23.12% | 24.34% | 21.58% | 23.10% | 23.08% |
| Advertising Expenses | 46.00M | 43.00M | 47.00M | 47.00M | 48.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 157.00M | 156.00M | 122.00M | 171.00M | 117.00M | 118.00M |
| Cash & Short-Term Investments | 157.00M | 156.00M | 122.00M | 171.00M | 117.00M | 118.00M |
| Receivables | 1.76B | 1.65B | 1.48B | 1.86B | 1.44B | 1.45B |
| Inventory | 2.06B | 2.00B | 1.81B | 1.81B | 1.96B | 1.86B |
| Prepaid Expenses | 621.00M | 655.00M | 569.00M | 639.00M | 466.00M | 413.00M |
| Total Current Assets | 4.60B | 4.46B | 3.98B | 4.49B | 3.99B | 3.84B |
| Property, Plant & Equipment | 940.00M | 922.00M | 824.00M | 823.00M | 667.00M | 691.00M |
| Long-Term Investments | 604.00M | 174.00M | 170.00M | 180.00M | 161.00M | 168.00M |
| Goodwill | 4.27B | 4.21B | 3.89B | 3.88B | 2.89B | 2.85B |
| Other Intangible Assets | 965.00M | 1.13B | 1.11B | 1.01B | 666.00M | 733.00M |
| Long-Term Deferred Tax Assets | 92.00M | 47.00M | 38.00M | 88.00M | 35.00M | |
| Other Long-Term Assets | 164.00M | 131.00M | 114.00M | 116.00M | 120.00M | |
| Total Assets | 11.38B | 11.21B | 10.22B | 10.57B | 8.61B | 8.48B |
| Accounts Payable | 1.14B | 1.15B | 962.00M | 1.02B | 1.00B | 1.05B |
| Accrued Expenses | 836.00M | 868.00M | 794.00M | 903.00M | 796.00M | 885.00M |
| Short-Term Debt | 1.02B | 764.00M | 650.00M | 264.00M | 103.00M | 51.00M |
| Current Portion of Long-Term Debt | 138.00M | 33.00M | 59.00M | 156.00M | 2.00M | 8.00M |
| Current Portion of Leases | 76.00M | 81.00M | 75.00M | 84.00M | 77.00M | 79.00M |
| Current Income Taxes Payable | 199.00M | 179.00M | 139.00M | 137.00M | 132.00M | 137.00M |
| Current Unearned Revenue | 80.00M | 81.00M | 81.00M | 89.00M | 86.00M | 89.00M |
| Other Current Liabilities | 68.00M | 43.00M | 30.00M | 24.00M | 4.00M | |
| Total Current Liabilities | 3.49B | 3.23B | 2.80B | 2.68B | 2.22B | 2.31B |
| Long-Term Debt | 2.29B | 2.31B | 1.82B | 1.93B | 1.03B | 807.00M |
| Long-Term Leases | 281.00M | 255.00M | 265.00M | 314.00M | 281.00M | 272.00M |
| Long-Term Unearned Revenue | 8.00M | 9.00M | 8.00M | 9.00M | 8.00M | 10.00M |
| Pension & Post-Retirement Benefits | 76.00M | 68.00M | 65.00M | 59.00M | 74.00M | |
| Long-Term Deferred Tax Liabilities | 153.00M | 146.00M | 102.00M | 54.00M | 36.00M | 42.00M |
| Other Long-Term Liabilities | 434.00M | 401.00M | 311.00M | 362.00M | 294.00M | 293.00M |
| Total Liabilities | 6.66B | 6.42B | 5.38B | 5.42B | 3.94B | 3.81B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 140.00M | 177.00M | ||||
| Retained Earnings | 3.20B | 3.29B | 3.77B | 3.86B | 3.68B | 3.60B |
| Comprehensive Income & Other | -184.00M | -226.00M | -379.00M | -206.00M | -233.00M | -171.00M |
| Total Common Equity | 3.16B | 3.25B | 3.39B | 3.65B | 3.45B | 3.42B |
| Minority Interest | 1.57B | 1.55B | 1.44B | 1.50B | 1.23B | 1.25B |
| Shareholders' Equity | 4.72B | 4.79B | 4.84B | 5.15B | 4.67B | 4.68B |
| Total Liabilities & Equity | 11.38B | 11.21B | 10.22B | 10.57B | 8.61B | 8.48B |
| Total Debt | 3.81B | 3.44B | 2.87B | 2.75B | 1.50B | 1.22B |
| Net Cash (Debt) | -3.66B | -3.28B | -2.75B | -2.58B | -1.38B | -1.10B |
| Net Cash Per Share | -31.12 | -26.97 | -21.53 | -19.58 | -10.02 | -7.75 |
| Filing Date Shares Outstanding | 111.45M | 114.70M | 124.18M | 128.51M | 131.28M | 137.17M |
| Total Common Shares Outstanding | 111.92M | 115.77M | 124.16M | 129.25M | 131.79M | 137.15M |
| Working Capital | 1.11B | 1.24B | 1.18B | 1.80B | 1.76B | 1.54B |
| Book Value Per Share | 28.21 | 28.03 | 27.33 | 28.28 | 26.15 | 24.97 |
| Tangible Book Value | -2.08B | -2.10B | -1.61B | -1.23B | -113.00M | -162.00M |
| Tangible Book Value Per Share | -18.59 | -18.12 | -12.94 | -9.52 | -0.86 | -1.18 |
| Land | 22.00M | 20.00M | 21.00M | 20.00M | 21.00M | |
| Buildings | 187.00M | 164.00M | 166.00M | 135.00M | 140.00M | |
| Machinery | 1.05B | 908.00M | 880.00M | 707.00M | 657.00M | |
| Leasehold Improvements | 125.00M | 109.00M | 103.00M | 94.00M | 98.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 403.00M | 398.00M | 390.00M | 416.00M | 538.00M | 631.00M |
| Depreciation & Amortization | 297.00M | 281.00M | 268.00M | 222.00M | 194.00M | 210.00M |
| Loss (Gain) From Sale of Assets | 30.00M | 30.00M | 29.00M | 26.00M | 18.00M | |
| Asset Writedown & Restructuring Costs | 24.00M | 24.00M | 44.00M | 61.00M | 127.00M | 1.00M |
| Loss (Gain) From Sale of Investments | -10.00M | |||||
| Loss (Gain) on Equity Investments | 3.00M | -1.00M | -1.00M | 1.00M | -2.00M | |
| Stock-Based Compensation | 39.00M | 39.00M | 39.00M | 39.00M | 54.00M | 78.00M |
| Provision & Write-off of Bad Debts | 19.00M | 16.00M | 14.00M | 18.00M | 5.00M | -8.00M |
| Other Operating Activities | -19.00M | -27.00M | -75.00M | 7.00M | -53.00M | 6.00M |
| Change in Accounts Receivable | -140.00M | -124.00M | 315.00M | -327.00M | -7.00M | 4.00M |
| Change in Inventory | -115.00M | -95.00M | -59.00M | 231.00M | -126.00M | -295.00M |
| Change in Accounts Payable | 231.00M | 216.00M | -163.00M | -56.00M | -96.00M | 86.00M |
| Change in Other Net Operating Assets | -72.00M | -45.00M | 47.00M | -138.00M | -52.00M | 9.00M |
| Operating Cash Flow | 700.00M | 712.00M | 848.00M | 500.00M | 602.00M | 710.00M |
| Capital Expenditures | -131.00M | -139.00M | -148.00M | -147.00M | -96.00M | -79.00M |
| Cash Acquisitions | -26.00M | |||||
| Sale (Purchase) of Intangibles | -56.00M | -52.00M | -39.00M | -40.00M | -32.00M | -33.00M |
| Investment in Securities | -102.00M | -199.00M | -230.00M | -955.00M | -158.00M | -561.00M |
| Other Investing Activities | -16.00M | -10.00M | -13.00M | 7.00M | 10.00M | -4.00M |
| Investing Cash Flow | -331.00M | -400.00M | -430.00M | -1.14B | -276.00M | -677.00M |
| Short-Term Debt Issued | 108.00M | 387.00M | 153.00M | 48.00M | ||
| Long-Term Debt Issued | 489.00M | 120.00M | 1.37B | 270.00M | 305.00M | |
| Total Debt Issued | 510.00M | 597.00M | 507.00M | 1.52B | 318.00M | 305.00M |
| Short-Term Debt Repaid | -18.00M | |||||
| Long-Term Debt Repaid | -44.00M | -318.00M | -468.00M | -59.00M | -122.00M | |
| Total Debt Repaid | -73.00M | -44.00M | -318.00M | -468.00M | -59.00M | -140.00M |
| Net Debt Issued (Repaid) | 437.00M | 553.00M | 189.00M | 1.05B | 259.00M | 165.00M |
| Issuance of Common Stock | 3.00M | 252.00M | 6.00M | 1.00M | 2.00M | |
| Repurchase of Common Stock | -741.00M | -865.00M | -394.00M | -284.00M | -517.00M | -409.00M |
| Other Financing Activities | -80.00M | -128.00M | -311.00M | -69.00M | -59.00M | -89.00M |
| Financing Cash Flow | -381.00M | -188.00M | -510.00M | 701.00M | -315.00M | -333.00M |
| Foreign Exchange Rate Adjustments | 24.00M | -90.00M | 43.00M | -12.00M | -12.00M | -3.00M |
| Net Cash Flow | 12.00M | 34.00M | -49.00M | 54.00M | -1.00M | -303.00M |
| Free Cash Flow | 569.00M | 573.00M | 700.00M | 353.00M | 506.00M | 631.00M |
| Free Cash Flow Margin | 4.18% | 4.35% | 5.52% | 2.86% | 4.00% | 5.09% |
| Free Cash Flow Per Share | 4.84 | 4.71 | 5.48 | 2.68 | 3.67 | 4.45 |
| Levered Free Cash Flow | 446.00M | 383.00M | 803.50M | 165.62M | 380.50M | 474.67M |
| Unlevered Free Cash Flow | 545.38M | 476.75M | 885.38M | 220.00M | 402.38M | 491.55M |
| Cash Interest Paid | 158.00M | 151.00M | 132.00M | 84.00M | 47.00M | 29.00M |
| Cash Income Tax Paid | 87.00M | 128.00M | 144.00M | 218.00M | 265.00M | 242.00M |
| Change in Working Capital | -96.00M | -48.00M | 140.00M | -290.00M | -281.00M | -196.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.65B | 8.96B | 8.78B | 9.84B | 10.83B | 10.39B |
| Enterprise Value | 13.31B | 13.81B | 13.11B | 13.41B | 13.29B | 12.65B |
| Last Close Price | 86.62 | 76.13 | 70.42 | 75.71 | 79.87 | 74.93 |
| PE Ratio | 25.25 | 22.52 | 22.51 | 23.65 | 20.12 | 16.47 |
| Forward PE | 15.27 | 14.65 | 14.09 | 16.74 | 16.34 | 17.31 |
| PS Ratio | 0.71 | 0.68 | 0.69 | 0.80 | 0.86 | 0.84 |
| PB Ratio | 3.07 | 1.87 | 1.81 | 1.91 | 2.32 | 2.22 |
| P/FCF Ratio | 16.97 | 15.64 | 12.54 | 27.87 | 21.40 | 16.47 |
| P/OCF Ratio | 13.79 | 12.59 | 10.35 | 19.68 | 17.98 | 14.63 |
| PEG Ratio | 1.49 | 1.73 | 1.67 | 2.56 | 2.57 | 1.16 |
| EV/Sales Ratio | 0.98 | 1.05 | 1.03 | 1.09 | 1.05 | 1.02 |
| EV/EBITDA Ratio | 12.32 | 13.50 | 12.87 | 14.11 | 12.29 | 11.83 |
| EV/EBIT Ratio | 17.00 | 18.61 | 17.46 | 18.42 | 14.98 | 14.71 |
| EV/FCF Ratio | 23.39 | 24.09 | 18.73 | 37.98 | 26.26 | 20.05 |
| Debt / Equity Ratio | 0.81 | 0.72 | 0.59 | 0.53 | 0.32 | 0.26 |
| Debt / EBITDA Ratio | 3.21 | 3.02 | 2.50 | 2.57 | 1.22 | 1.04 |
| Debt / FCF Ratio | 6.70 | 6.00 | 4.10 | 7.79 | 2.96 | 1.93 |
| Net Debt / Equity Ratio | 0.77 | 0.69 | 0.57 | 0.50 | 0.29 | 0.23 |
| Net Debt / EBITDA Ratio | 3.38 | 3.21 | 2.70 | 2.72 | 1.28 | 1.03 |
| Net Debt / FCF Ratio | 6.42 | 5.73 | 3.93 | 7.31 | 2.73 | 1.74 |
| Asset Turnover | 1.22 | 1.23 | 1.22 | 1.29 | 1.48 | 1.53 |
| Inventory Turnover | 4.71 | 4.76 | 4.78 | 4.49 | 4.61 | 5.17 |
| Quick Ratio | 0.55 | 0.56 | 0.57 | 0.76 | 0.70 | 0.68 |
| Current Ratio | 1.32 | 1.38 | 1.42 | 1.67 | 1.79 | 1.67 |
| Return on Equity (ROE) | 8.86% | 8.70% | 7.97% | 8.88% | 12.11% | 14.69% |
| Return on Assets (ROA) | 4.39% | 4.33% | 4.52% | 4.75% | 6.49% | 6.61% |
| Return on Invested Capital (ROIC) | 7.11% | 7.28% | 7.42% | 8.28% | 11.54% | 12.40% |
| Return on Capital Employed (ROCE) | 9.90% | 9.30% | 10.10% | 9.20% | 13.90% | 13.90% |
| Earnings Yield | 3.96% | 4.44% | 4.44% | 4.23% | 4.97% | 6.07% |
| FCF Yield | 5.89% | 6.39% | 7.97% | 3.59% | 4.67% | 6.07% |
| Buyback Yield / Dilution | 6.06% | 4.74% | 3.01% | 4.36% | 2.83% | 1.14% |