Overview
HENRY SCHEIN INC
Latest 10-K: FY2025, filed Feb 24, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $13.18B
- 4.0%YoYup from FY2024
- TotalRevenue
- Gross profit
- $4.11B
- 2.2%YoYup from FY2024
- GrossProfit
- Operating income
- $0.65B
- 5.2%YoYup from FY2024
- OperatingIncome
- Net income
- $0.40B
- 2.1%YoYup from FY2024
- NetIncome
- Diluted EPS
- $3.27
- 7.2%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 121.7M
- 4.7%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- HENRY SCHEIN INC reported revenue of $13.18B for fiscal 2025, up 4.0% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 1 of the last 5 fiscal years.
Profitability
- Operating margin was 5.0% and net margin was 3.0%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $3.27, up 7.2% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 26, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $13.18B4.0%up S&P 500 6.4% | $12.67B2.7%up S&P 500 4.5% | $12.34B2.4%down S&P 500 4.8% | $12.65B2.0%up S&P 500 10.3% | $12.40B22.6%up S&P 500 13.8% | 1.5% S&P 500 6.6% |
| Gross Profit Median of 315 / 498 | $4.11B2.2%up S&P 500 6.8% | $4.02B4.0%up S&P 500 5.5% | $3.86B0.8%up S&P 500 5.2% | $3.83B4.3%up S&P 500 8.3% | $3.67B30.5%up S&P 500 15.7% | 2.8% S&P 500 6.2% |
| Operating Income Median of 373 / 498 | $653.00M5.2%up S&P 500 7.3% | $621.00M1.0%up S&P 500 7.4% | $615.00M17.7%down S&P 500 4.9% | $747.00M12.3%down S&P 500 7.5% | $852.00M59.3%up S&P 500 23.5% | -6.4% S&P 500 7.2% |
| Net Income | $398.00M2.1%up S&P 500 4.8% | $390.00M6.3%down S&P 500 5.7% | $416.00M22.7%down S&P 500 1.9% | $538.00M14.7%down S&P 500 1.3% | $631.00M56.2%up S&P 500 33.9% | -10.9% S&P 500 4.1% |
| EPS (Diluted) | $3.277.2%up S&P 500 6.2% | $3.053.5%down S&P 500 7.9% | $3.1619.2%down S&P 500 1.9% | $3.9112.1%down S&P 500 1.5% | $4.4557.8%up S&P 500 34.8% | -7.4% S&P 500 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $11.21B9.8%up S&P 500 5.6% | $10.22B3.4%down S&P 500 3.4% | $10.57B22.8%up S&P 500 4.1% | $8.61B1.5%up S&P 500 2.2% | $8.48B9.1%up S&P 500 6.7% | 7.2% S&P 500 4.7% |
| Total Liabilities Median of 357 / 498 | $6.42B19.3%up S&P 500 6.4% | $5.38B0.7%down S&P 500 1.9% | $5.42B37.7%up S&P 500 2.9% | $3.94B3.4%up S&P 500 2.0% | $3.81B10.0%up S&P 500 5.2% | 14.0% S&P 500 4.4% |
| Stockholders' Equity | $3.90B3.3%down S&P 500 6.8% | $4.03B6.0%down S&P 500 5.4% | $4.29B4.7%up S&P 500 7.3% | $4.09B0.8%up S&P 500 2.5% | $4.06B2.0%up S&P 500 9.0% | -1.0% S&P 500 6.1% |
| Cash & Equivalents | — | — | — | — | — | — S&P 500 2.0% |
| Total Debt Median of 393 / 498 | $2.34B24.2%up S&P 500 2.3% | $1.89B9.6%down S&P 500 0.1% | $2.09B99.5%up S&P 500 0.1% | $1.05B21.3%up S&P 500 0.1% | $0.86B46.3%up S&P 500 0.0% | 28.4% S&P 500 3.7% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $712.00M16.0%down S&P 500 6.3% | $848.00M69.6%up S&P 500 4.8% | $500.00M16.9%down S&P 500 9.9% | $602.00M15.2%down S&P 500 -0.7% | $710.00M18.5%up S&P 500 10.7% | 0.1% S&P 500 7.0% |
| Capital Expenditures | $139.00M6.1%down S&P 500 5.4% | $148.00M0.7%up S&P 500 2.8% | $147.00M53.1%up S&P 500 11.3% | $96.00M21.5%up S&P 500 14.0% | $79.00M61.2%up S&P 500 8.1% | 15.2% S&P 500 9.0% |
| Free Cash Flow Median of 378 / 498 | $573.00M18.1%down S&P 500 7.3% | $700.00M98.3%up S&P 500 6.1% | $353.00M30.2%down S&P 500 8.8% | $506.00M19.8%down S&P 500 -11.3% | $631.00M14.7%up S&P 500 10.2% | -2.4% S&P 500 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
S&P 500 median = median of the companies in the index on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-20. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
4.3%
Wall Street
on net earnings
FY2024 4.3%
6.2%
Value investor
on free cash flow
FY2024 7.8%
Gap +1.9 pts: Value-investor figure 1.9 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 23.3×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
8.4%
Wall Street
on EBITDA
FY2024 8.5%
5.7%
Value investor
on EBIT
FY2024 5.8%
Gap −2.7 pts: Value-investor figure 2.7 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 11.9×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
42.1%
Wall Street
on book equity
FY2024 44.8%
n/m
Value investor
on tangible book
FY2024 n/m
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 2.4×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
10.0%
Wall Street
ROE: net income ÷ equity
FY2024 9.4%
5.8%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 5.8%
Gap −4.2 pts: Value-investor figure 4.2 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
7.3%
Wall Street
EBITDA margin
FY2024 7.2%
4.3%
Value investor
Free-cash-flow margin
FY2024 5.5%
Gap −3.0 pts: Value-investor figure 3.0 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.38×
Wall Street
Current ratio
FY2024 1.42×
0.76×
Value investor
Quick ratio, inventory excluded
FY2024 0.78×
Gap −0.62×: Value-investor figure 0.62 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
0.41×
Wall Street
EBITDA ÷ total debt
FY2024 0.49×
0.24×
Value investor
FCF ÷ total debt
FY2024 0.37×
Gap −0.17×: Value-investor figure 0.17 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net debt/EBITDA 2.27×Value investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
6.4×
Wall Street
EBITDA ÷ interest
FY2024 7.0×
4.4×
Value investor
EBIT ÷ interest
FY2024 4.7×
Gap −2.0×: Value-investor figure 2.0 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on HSIC yet.
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Cite this page
Data as of Oct 26, 2026. Canonical address: https://valuein.biz/data/HSIC
Valuein. (2026, October 26). HENRY SCHEIN INC (HSIC) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/HSIC
@misc{valuein_hsic_2026,
author = {{Valuein}},
title = {HENRY SCHEIN INC (HSIC) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/HSIC}},
note = {Data as of 2026-10-26; source: SEC EDGAR filings}
}10-K filed Feb 24, 2026 · accession 0001000228-26-000013
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing