FirmAtlas
Company handbook · HSIC · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
HSIC · CIK 1000228 · LATEST FILING: 10-Q JUN '26 · FILED AUG 4, 2026
HENRY SCHEIN, INC.
$86.38
−0.61 (−0.70%)
Close, Oct 16, 2026 · 52-week $62–92
Last fiscal year
HENRY SCHEIN, INC. reported revenue of $13.2B for the year ended Dec 27, 2025 (FY25), up 4.0% from FY24. Net income was $398M, operating cash flow $712M and free cash flow $573M. Source: 10-K filed Feb 24, 2026.
Market cap
$10.0B
P/E
24.8
EV/EBITDA
12.6x
P/B
3.2
ROIC
9.5%
Revenue 1Y
4.0%/yr
EPS 1Y
7.2%/yr
Shares 1Y
−7%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOFrederick M. Lowery
HQMelville, NY
AuditorBDO USA, P.c.
Employees25,000
Year endsDecember
Revenue by segment · FY25
Global Distribution And Value Added Services83%
Global Specialty Products12%
Global Technology5%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
1.2%
2.2%
6.4%
39.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.5B deployed
Capex
$287M
18.9%
Buybacks
$1.2B
81.1%
Operating cash flow over the period: $1.6B. Total debt changed by +$480M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Dec 27, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY15).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
12,673
13,184+4.0%
13,602
YoY
+4.0%
Gross profit
4,016
4,105+2.2%
4,260
Gross margin
31.7%
31.1%−0.6 pp
—
Operating income
621
653+5.2%
680
Operating margin
4.9%
5.0%+0.1 pp
—
EBITDA
918
964+5.0%
—
EBITDA margin
7.2%
7.3%+0.1 pp
—
Interest expense
131
150+14.5%
—
Interest coverage
7.01x
6.43x−0.58x
—
Net income
390
398+2.1%
403
YoY
+2.1%
Net margin
3.1%
3.0%−0.1 pp
—
EPS (diluted, $)
3.05
3.27+7.2%
3.45
YoY
+7.2%
Balance sheet
Total assets
10,218
11,215+9.8%
11,381
Cash & short-term investments
122
156+27.9%
—
Accounts receivable
1,482
1,651+11.4%
—
Inventory
1,810
2,002+10.6%
—
Net PP&E
531
621+16.9%
—
Other assets
6,273
6,785+8.2%
—
Total liabilities
6,825
7,970+16.8%
8,224
Accounts payable
962
1,154+20.0%
—
Total debt
1,830
2,310+26.2%
2,300
Other liabilities
4,033
4,506+11.7%
—
Shareholders’ equity
3,393
3,245−4.4%
3,157
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
848
712−16.0%
700
Net income
398
419+5.3%
—
Depreciation & amortization
297
311+4.7%
—
Stock-based compensation
39
39+0.0%
—
Working capital & other
114
(57)−150.0%
—
Cash from investing
(430)
(400)n/m
—
Capex
(148)
(139)n/m
—
Other investing
(282)
(261)n/m
—
Cash from financing
(510)
(188)n/m
—
Debt raised
120
489+307.5%
—
Debt repaid
(318)
(44)n/m
—
Buybacks
(385)
(850)n/m
—
Shares issued
0
250n/m
—
Other financing
73
(33)−145.2%
—
Net change in cash
(49)
34n/m
—
Free cash flow (OCF − capex)
700
573−18.1%
569
Where the cash went
Operating cash flow
848
712−16.0%
700
Reinvested in the business
148
139−6.1%
—
% of operating cash flow
17.5%
19.5%
Capex
148
139−6.1%
131
Free cash flow
700
573−18.1%
569
YoY
−18.1%
Returned to shareholders
385
850+120.8%
—
% of free cash flow
55.0%
148.3%
Buybacks
385
850+120.8%
—
Change in total debt
—
480
—
Cash left over
—
203
—
FCF conversion (FCF ÷ net income)
179.5%
144.0%−35.5 pp
—
Owner earnings
—
401
—
Owner earnings margin
—
3.0%
—
Returns & ratios
ROIC (all capital)
9.1%
9.5%+0.4 pp
—
ROIC (operating)
16.3%
16.7%+0.4 pp
—
Net debt / EBITDA
1.86x
2.23x+0.37x
—
Debt / equity
0.54x
0.71x+0.17x
—
Cash conversion cycle (days)
78
80+1 d
—
ROE
11.5%
12.3%+0.8 pp
—
ROA
3.8%
3.5%−0.3 pp
—
ROCE
8.4%
8.2%−0.2 pp
—
NOPAT
466
499+7.0%
—
Invested capital (operating)
2,861
3,120+9.1%
—
Invested capital (all)
5,101
5,399+5.8%
—
Reinvestment rate
—
51.9%
—
Debtor days
43
46+3 d
—
Inventory days
76
80+4 d
—
Days payable
41
46+6 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,339
3,437
3,368
3,458
vs year-ago quarter
Gross profit
1,026
1,063
1,070
1,101
Gross margin
30.7%
30.9%
31.8%
31.8%
Operating income
164
163
182
171
Net income
101
101
107
94
vs year-ago quarter
Net margin
3.0%
2.9%
3.2%
2.7%
EPS (diluted, $)
0.84
0.87
0.92
0.82
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
11,097
11,215
11,304
11,381
Cash & equivalents
136
156
138
157
Total debt
2,153
2,310
2,327
2,300
Shareholders’ equity
3,361
3,245
3,266
3,157
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
174
381
(97)
242
Capex
33
43
25
30
Free cash flow
141
338
(122)
212
vs year-ago quarter