Henry Schein (HSIC) Financials

$68.99 -1.83 (-2.58%)

Closing price 05/11/2026 04:00 PM Eastern

Extended Trading

$68.99 +0.00 (+0.00%)

As of 05/11/2026 07:19 PM Eastern

Annual Income Statements for Henry Schein

This table shows Henry Schein's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	479	507	0.00	536	695	404	631	538	416	390	398
Consolidated Net Income / (Loss)	523	556	459	562	719	420	660	566	436	398	419
Net Income / (Loss) Continuing Operations	523	556	612	450	725	419	660	566	516	398	419
Total Pre-Tax Income	721	756	630	537	680	500	831	721	542	513	533
Total Operating Income	734	772	670	601	718	535	852	747	615	621	653
Total Gross Profit	3,007	3,226	2,747	2,911	3,091	2,816	3,674	3,831	3,860	4,016	4,105
Total Revenue	10,630	11,572	8,883	9,418	9,986	10,119	12,401	12,647	12,339	12,673	13,184
Operating Revenue	10,630	11,572	8,883	9,418	9,986	10,119	12,401	12,647	12,339	12,673	13,184
Total Cost of Revenue	7,623	8,345	6,137	6,507	6,895	7,303	8,727	8,816	8,479	8,657	9,079
Operating Cost of Revenue	7,623	8,345	6,137	6,507	6,895	7,303	8,727	8,816	8,479	8,657	9,079
Total Operating Expenses	2,273	2,455	2,066	2,310	2,373	2,281	2,822	3,084	3,165	3,395	3,452
Selling, General & Admin Expense	2,238	2,409	2,072	2,217	2,358	2,086	2,634	2,771	2,956	3,034	3,084
Depreciation Expense	-	-	-	-	-	163	180	182	209	251	263
Restructuring Charge	35	46	0.00	54	15	32	8.00	131	0.00	110	105
Other Special Charges / (Income)	-	0.00	5.33	38	-	-	-	0.00	0.00	0.00	0.00
Total Other Income / (Expense), net	-13	2.78	-40	-64	-38	-35	-21	-26	-73	-108	-120
Interest Expense	26	32	51	76	51	41	27	35	87	131	150
Interest & Investment Income	13	32	12	15	16	10	6.00	8.00	17	24	33
Other Income / (Expense), net	-0.14	2.88	-1.34	-3.26	-2.92	-4.00	0.00	1.00	-3.00	-1.00	-3.00
Income Tax Expense	211	218	309	107	160	95	198	170	120	128	126
Other Gains / (Losses), net	14	-	15	21	205	12	27	15	14	13	12
Net Income / (Loss) Attributable to Noncontrolling Interest	44	50	53	26	25	16	29	28	20	8.00	21
Basic Earnings per Share	$2.89	$3.14	$2.59	$3.51	$4.70	$2.83	$4.51	$3.95	$3.18	$3.07	$3.29
Weighted Average Basic Shares Outstanding	165.69M	161.64M	156.79M	152.66M	147.82M	142.50M	140.09M	136.06M	130.62M	126.79M	120.81M
Diluted Earnings per Share	$2.85	$3.10	$2.57	$3.49	$4.65	$2.82	$4.45	$3.91	$3.16	$3.05	$3.27
Weighted Average Diluted Shares Outstanding	168.25M	163.72M	158.21M	153.71M	149.26M	143.40M	141.77M	137.76M	131.75M	127.78M	121.72M
Weighted Average Basic & Diluted Shares Outstanding	81.94M	79.20M	156.90M	151.40M	143.39M	142.46M	137.17M	131.28M	128.51M	124.18M	114.70M

This table shows Henry Schein's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	137	18	93	104	99	94	110	86	101	101	107
Consolidated Net Income / (Loss)	143	17	98	105	99	96	113	94	109	103	112
Net Income / (Loss) Continuing Operations	143	17	98	105	99	96	113	94	109	103	112
Total Pre-Tax Income	179	14	127	132	128	126	145	121	134	133	150
Total Operating Income	200	39	150	159	157	155	175	151	164	163	182
Total Gross Profit	995	924	1,012	1,018	993	993	1,000	1,016	1,026	1,063	1,070
Total Revenue	3,162	3,017	3,172	3,136	3,174	3,191	3,168	3,240	3,339	3,437	3,368
Operating Revenue	3,162	3,017	3,172	3,136	3,174	3,191	3,168	3,240	3,339	3,437	3,368
Total Cost of Revenue	2,167	2,093	2,160	2,118	2,181	2,198	2,168	2,224	2,313	2,374	2,298
Operating Cost of Revenue	2,167	2,093	2,160	2,118	2,181	2,198	2,168	2,224	2,313	2,374	2,298
Total Operating Expenses	795	885	862	859	836	838	825	865	862	900	888
Selling, General & Admin Expense	725	807	791	781	724	738	738	778	760	808	809
Depreciation Expense	59	57	61	63	64	63	62	64	68	69	67
Restructuring Charge	11	21	10	15	48	37	25	23	34	23	12
Total Other Income / (Expense), net	-21	-25	-23	-27	-29	-29	-30	-30	-30	-30	-32
Interest Expense	25	29	30	32	34	35	35	38	38	39	39
Interest & Investment Income	6.00	5.00	5.00	6.00	7.00	6.00	6.00	9.00	9.00	9.00	7.00
Other Income / (Expense), net	-2.00	-1.00	2.00	-1.00	-2.00	-	-1.00	-1.00	-1.00	-	0.00
Income Tax Expense	39	1.00	32	33	32	31	35	31	28	32	38
Other Gains / (Losses), net	3.00	4.00	3.00	6.00	3.00	1.00	3.00	4.00	3.00	2.00	0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	6.00	-1.00	5.00	1.00	0.00	2.00	3.00	8.00	8.00	2.00	5.00
Basic Earnings per Share	$1.06	$0.13	$0.72	$0.81	$0.79	$0.75	$0.89	$0.71	$0.84	$0.85	$0.93
Weighted Average Basic Shares Outstanding	130.39M	130.62M	128.72M	127.78M	126.12M	126.79M	123.78M	121.93M	120.20M	120.81M	114.94M
Diluted Earnings per Share	$1.05	$0.14	$0.72	$0.80	$0.78	$0.75	$0.88	$0.70	$0.84	$0.85	$0.92
Weighted Average Diluted Shares Outstanding	131.44M	131.75M	129.77M	128.65M	127.05M	127.78M	124.85M	122.64M	121.04M	121.72M	116.06M
Weighted Average Basic & Diluted Shares Outstanding	129.94M	128.51M	128.05M	126.71M	124.68M	124.18M	121.72M	121.27M	117.72M	114.70M	113.92M

This table details how cash moves in and out of Henry Schein's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Change in Cash & Equivalents	-17	-9.71	88	-105	-9.59	315	-303	11	66	-92	124
Net Cash From Operating Activities	616	643	546	685	654	599	710	602	500	848	712
Net Cash From Continuing Operating Activities	616	643	375	451	820	594	710	602	500	848	712
Net Income / (Loss) Continuing Operations	523	556	318	450	725	419	660	566	436	398	419
Consolidated Net Income / (Loss)	523	556	459	562	719	420	660	566	436	398	419
Depreciation Expense	159	170	134	144	185	186	210	212	248	297	311
Non-Cash Adjustments To Reconcile Net Income	65	75	78	47	-133	20	49	166	116	69	21
Changes in Operating Assets and Liabilities, net	-132	-159	-155	-190	43	-31	-209	-342	-300	84	-39
Net Cash From Investing Activities	-260	-316	-342	-193	-424	-115	-677	-276	-1,135	-430	-400
Net Cash From Continuing Investing Activities	-260	-316	-213	-164	-422	-115	-677	-276	-1,135	-430	-400
Purchase of Property, Plant & Equipment	-72	-70	-62	-71	-76	-49	-79	-96	-147	-148	-139
Acquisitions	-172	-229	-181	-53	-656	-60	-571	-158	-955	-230	-199
Purchase of Investments	-	-4.50	-	-26	-	-	0.00	0.00	22	0.00	0.00
Divestitures	0.00	0.00	34	1.00	307	14	10	0.00	0.00	0.00	0.00
Sale and/or Maturity of Investments	0.02	-	6.70	-	17	-1.00	-4.00	11	6.00	4.00	3.00
Other Investing Activities, net	-17	-13	-9.67	-15	-14	-19	-33	-33	-61	-56	-65
Net Cash From Financing Activities	-348	-327	-113	-604	-216	-187	-333	-315	701	-510	-188
Net Cash From Continuing Financing Activities	-348	-327	-74	-402	-363	-182	-333	-315	701	-510	-188
Repayment of Debt	-201	-16	-61	-25	-261	-615	-125	-11	-318	69	62
Repurchase of Common Equity	-300	-550	-450	-200	-525	-93	-461	-523	-269	-640	-927
Payment of Dividends	-115	-105	-15	-7.35	51	-8.00	-26	-21	-47	-54	-30
Issuance of Debt	280	360	503	326	-927	546	287	270	1,368	120	489
Issuance of Common Equity	-	-	0.00	0.00	361	0.00	0.00	0.00	0.00	0.00	250
Other Financing Activities, net	-12	-16	-40	-208	940	-12	-8.00	-30	-33	-5.00	-32

This table details how cash moves in and out of Henry Schein's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Change in Cash & Equivalents	29	17	-12	-21	-12	-47	27	18	-9.00	110	-40
Net Cash From Operating Activities	231	-32	197	296	151	204	37	120	174	381	-97
Net Cash From Continuing Operating Activities	231	-32	197	296	151	204	37	120	174	381	-97
Net Income / (Loss) Continuing Operations	143	17	98	105	99	96	113	94	109	103	112
Consolidated Net Income / (Loss)	143	17	98	105	99	96	113	94	109	103	112
Depreciation Expense	69	68	73	74	74	76	73	76	80	82	81
Non-Cash Adjustments To Reconcile Net Income	20	67	7.00	15	2.00	43	-19	12	6.00	20	-13
Changes in Operating Assets and Liabilities, net	-1.00	-184	19	102	-24	-11	-130	-62	-21	176	-277
Net Cash From Investing Activities	-468	-327	-72	-209	-91	-58	-99	-98	-56	-147	-63
Net Cash From Continuing Investing Activities	-468	-327	-72	-209	-91	-58	-99	-98	-56	-147	-63
Purchase of Property, Plant & Equipment	-40	-39	-41	-37	-34	-36	-31	-32	-33	-43	-25
Acquisitions	-417	-287	-20	-161	-42	-7.00	-51	-50	-11	-87	-24
Purchase of Investments	-	-	-	-	-	-	0.00	-	-	-	0.00
Divestitures	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Other Investing Activities, net	-11	-29	-11	-11	-15	-19	-17	-16	-12	-20	-14
Net Cash From Financing Activities	248	394	-151	-114	-41	-204	89	56	-127	-206	120
Net Cash From Continuing Financing Activities	248	394	-151	-114	-41	-204	89	56	-127	-206	120
Repayment of Debt	-94	142	-60	-117	-16	262	200	-8.00	-7.00	92	244
Repurchase of Common Equity	-56	-50	-169	-217	-179	-75	-234	-290	-205	-198	-157
Payment of Dividends	-35	-6.00	-6.00	-22	-8.00	-18	-4.00	-14	6.00	-18	-16
Issuance of Debt	434	308	90	242	162	-374	150	127	79	-82	57
Issuance of Common Equity	-	-	0.00	-	-	-	0.00	250	-	-	0.00
Other Financing Activities, net	-1.00	-	-6.00	-	-	1.00	-23	-9.00	-	-	-8.00

This table presents Henry Schein's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Total Assets	6,505	6,760	7,864	8,501	7,151	7,773	8,481	8,607	10,573	10,218	11,215
Total Current Assets	3,231	3,343	4,086	4,175	3,227	3,791	3,844	3,988	4,488	3,983	4,464
Cash & Equivalents	72	62	175	57	106	421	118	117	171	122	156
Accounts Receivable	1,230	1,254	1,523	1,169	1,246	1,425	1,452	1,442	1,863	1,482	1,651
Inventories, net	1,510	1,666	1,934	1,416	1,429	1,512	1,861	1,963	1,815	1,810	2,002
Prepaid Expenses	361	361	455	451	445	433	413	466	639	569	655
Plant, Property, & Equipment, net	318	334	375	314	330	342	366	383	498	531	621
Total Noncurrent Assets	2,955	3,084	3,403	4,011	3,595	3,639	4,271	4,236	5,587	5,704	6,130
Long-Term Investments	455	443	432	420	328	366	424	472	471	501	598
Goodwill	1,908	2,020	2,301	2,081	2,462	2,504	2,854	2,893	3,875	3,887	4,213
Intangible Assets	593	621	670	376	573	479	668	587	916	1,023	1,018
Other Noncurrent Operating Assets	-	-	-	0.00	232	289	325	284	325	293	301
Total Liabilities & Shareholders' Equity	6,505	6,760	7,864	8,501	7,151	7,773	8,481	8,607	10,573	10,218	11,215
Total Liabilities	3,076	3,352	4,207	4,647	3,234	3,460	3,805	3,936	5,420	5,381	6,421
Total Current Liabilities	2,147	2,321	2,829	3,219	2,038	2,283	2,307	2,224	2,683	2,803	3,228
Short-Term Debt	346	503	758	960	134	183	62	109	414	706	797
Accounts Payable	1,006	1,007	1,153	786	880	1,006	1,054	1,004	1,020	962	1,154
Current Deferred & Payable Income Tax Liabilities	162	152	189	155	165	139	137	132	137	139	179
Current Employee Benefit Liabilities	258	266	273	243	265	295	385	314	332	303	340
Other Current Liabilities	375	392	456	498	594	660	669	665	780	693	758
Total Noncurrent Liabilities	929	1,031	1,378	1,428	1,195	1,177	1,498	1,712	2,737	2,578	3,193
Long-Term Debt	464	715	908	980	623	516	811	1,040	1,937	1,830	2,310
Capital Lease Obligations	-	-	-	-	-	-	268	275	310	259	251
Noncurrent Deferred & Payable Income Tax Liabilities	253	52	50	27	65	30	42	36	54	102	146
Other Noncurrent Operating Liabilities	212	264	420	358	507	632	377	361	436	387	486
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	542	608	832	312	287	328	613	576	864	806	895
Total Equity & Noncontrolling Interests	2,887	2,801	2,824	3,542	3,630	3,984	4,063	4,095	4,289	4,031	3,899
Total Preferred & Common Equity	2,884	2,793	2,811	2,961	2,998	3,348	3,425	3,446	3,655	3,393	3,245
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,884	2,793	2,811	2,961	2,998	3,348	3,425	3,446	3,655	3,393	3,245
Common Stock	208	128	1.54	1.51	49	1.43	1.00	1.00	1.00	1.00	178
Retained Earnings	2,896	2,982	2,940	3,209	3,116	3,455	3,595	3,678	3,860	3,771	3,293
Accumulated Other Comprehensive Income / (Loss)	-220	-317	-130	-249	-167	-108	-171	-233	-206	-379	-226
Noncontrolling Interest	2.56	7.74	13	580	632	636	638	649	634	638	654

This table presents Henry Schein's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	3/28/2026
Total Assets	9,146	9,810	10,573	10,145	10,251	10,605	10,218	10,480	10,906	11,097	11,304
Total Current Assets	3,911	4,113	4,488	4,078	3,941	4,147	3,983	4,037	4,243	4,395	4,496
Cash & Equivalents	137	166	171	159	138	126	122	127	145	136	138
Accounts Receivable	1,468	1,573	1,863	1,644	1,559	1,660	1,482	1,578	1,645	1,743	1,719
Inventories, net	1,843	1,833	1,815	1,686	1,657	1,754	1,810	1,842	1,908	1,912	2,014
Prepaid Expenses	463	541	639	589	587	607	569	490	545	604	625
Plant, Property, & Equipment, net	439	474	498	500	518	540	531	556	587	603	618
Total Noncurrent Assets	4,796	5,223	5,587	5,567	5,792	5,918	5,704	5,887	6,076	6,099	6,190
Long-Term Investments	493	471	471	503	502	528	501	609	650	598	587
Goodwill	3,335	3,595	3,875	3,835	3,905	3,986	3,887	3,956	4,085	4,147	4,284
Intangible Assets	678	834	916	915	1,081	1,100	1,023	1,028	1,041	1,046	1,007
Other Noncurrent Operating Assets	290	323	325	314	304	304	293	294	300	308	312
Total Liabilities & Shareholders' Equity	9,146	9,810	10,573	10,145	10,251	10,605	10,218	10,480	10,906	11,097	11,304
Total Liabilities	4,140	4,709	5,420	5,110	5,247	5,634	5,381	5,761	6,007	6,197	6,482
Total Current Liabilities	2,276	2,093	2,683	2,334	2,549	2,929	2,803	2,917	3,007	3,149	3,297
Short-Term Debt	391	84	414	367	611	747	706	923	928	943	1,081
Accounts Payable	817	953	1,020	879	867	1,026	962	908	918	1,035	1,043
Current Deferred & Payable Income Tax Liabilities	129	137	137	143	150	159	139	160	170	181	192
Current Employee Benefit Liabilities	275	274	332	245	279	289	303	243	285	291	262
Other Current Liabilities	664	645	780	700	642	708	693	683	706	699	719
Total Noncurrent Liabilities	1,864	2,616	2,737	2,776	2,698	2,705	2,578	2,844	3,000	3,048	3,185
Long-Term Debt	1,133	1,815	1,937	2,010	1,891	1,906	1,830	1,968	2,090	2,153	2,327
Capital Lease Obligations	284	314	310	266	261	262	259	256	259	264	263
Noncurrent Deferred & Payable Income Tax Liabilities	50	91	54	77	115	123	102	135	147	144	158
Other Noncurrent Operating Liabilities	397	396	436	423	431	414	387	485	504	487	437
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	820	821	864	798	856	832	806	765	811	877	903
Total Equity & Noncontrolling Interests	4,186	4,280	4,289	4,237	4,148	4,139	4,031	3,954	4,088	4,023	3,919
Total Preferred & Common Equity	3,560	3,651	3,655	3,600	3,512	3,503	3,393	3,310	3,445	3,361	3,266
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,560	3,651	3,655	3,600	3,512	3,503	3,393	3,310	3,445	3,361	3,266
Common Stock	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	187	208	168
Retained Earnings	3,769	3,897	3,860	3,838	3,803	3,766	3,771	3,626	3,485	3,375	3,287
Accumulated Other Comprehensive Income / (Loss)	-210	-247	-206	-239	-292	-264	-379	-317	-227	-222	-189
Noncontrolling Interest	626	629	634	637	636	636	638	644	643	662	653

This table displays calculated financial ratios and metrics derived from Henry Schein's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.49%	8.86%	-23.23%	6.01%	6.03%	1.33%	22.55%	1.98%	-2.44%	2.71%	4.03%
EBITDA Growth	2.41%	5.74%	-15.03%	-7.64%	21.50%	-20.36%	48.12%	-9.60%	-10.42%	6.63%	4.80%
EBIT Growth	1.96%	5.54%	-13.69%	-10.63%	19.75%	-25.77%	60.45%	-12.21%	-18.18%	1.31%	4.84%
NOPAT Growth	4.21%	5.86%	-37.86%	40.81%	14.45%	-21.19%	49.76%	-12.04%	-16.12%	-2.67%	6.99%
Net Income Growth	3.56%	6.30%	-17.45%	22.39%	27.93%	-41.60%	57.14%	-14.24%	-22.97%	-8.72%	5.28%
EPS Growth	3.56%	6.30%	-17.45%	22.39%	33.24%	-39.35%	57.80%	-12.13%	-19.18%	-3.48%	7.21%
Operating Cash Flow Growth	3.88%	4.40%	-15.11%	25.52%	-4.47%	-8.42%	18.53%	-15.21%	-16.94%	69.60%	-16.04%
Free Cash Flow Firm Growth	2,460.73%	-68.65%	-281.78%	676.37%	-96.57%	801.93%	-189.45%	184.42%	-449.30%	152.99%	-82.57%
Invested Capital Growth	2.07%	11.05%	14.41%	-20.69%	13.37%	-0.39%	24.90%	4.38%	30.26%	-2.27%	5.55%
Revenue Q/Q Growth	1.42%	2.39%	-27.57%	40.88%	2.01%	5.16%	1.35%	0.32%	-2.79%	1.39%	1.90%
EBITDA Q/Q Growth	-0.21%	1.78%	-21.16%	25.57%	6.00%	-2.39%	3.15%	-12.33%	-2.05%	15.78%	1.48%
EBIT Q/Q Growth	-0.34%	1.68%	-19.69%	21.76%	5.75%	-2.98%	2.51%	-14.61%	-5.26%	23.26%	1.25%
NOPAT Q/Q Growth	-0.46%	2.39%	-43.97%	117.77%	3.56%	-0.57%	0.90%	-14.97%	-4.44%	22.14%	1.41%
Net Income Q/Q Growth	-0.59%	2.32%	-23.99%	30.23%	37.84%	-30.98%	0.62%	-15.14%	-7.23%	24.76%	1.70%
EPS Q/Q Growth	-0.59%	2.32%	-23.99%	30.23%	37.57%	-32.05%	-1.11%	-14.81%	-6.51%	25.00%	3.15%
Operating Cash Flow Q/Q Growth	12.84%	-11.02%	-4.63%	8.90%	-0.21%	10.59%	-9.32%	-3.68%	-36.39%	38.56%	33.08%
Free Cash Flow Firm Q/Q Growth	0.80%	-62.00%	-55.12%	780.14%	-96.38%	-5.64%	-13,923.64%	650.84%	-106.85%	462.74%	-44.55%
Invested Capital Q/Q Growth	-3.38%	2.74%	-1.42%	-28.33%	-2.99%	-2.46%	6.01%	-1.71%	7.41%	-3.08%	-1.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.29%	27.88%	30.92%	30.91%	30.95%	27.83%	29.63%	30.29%	31.28%	31.69%	31.14%
EBITDA Margin	8.40%	8.16%	9.03%	7.87%	9.02%	7.09%	8.56%	7.59%	6.97%	7.24%	7.29%
Operating Margin	6.90%	6.67%	7.54%	6.38%	7.19%	5.29%	6.87%	5.91%	4.98%	4.90%	4.95%
EBIT Margin	6.90%	6.69%	7.52%	6.34%	7.16%	5.25%	6.87%	5.91%	4.96%	4.89%	4.93%
Profit (Net Income) Margin	4.92%	4.81%	5.17%	5.97%	7.20%	4.15%	5.32%	4.48%	3.53%	3.14%	3.18%
Tax Burden Percent	72.62%	73.61%	72.93%	104.71%	105.71%	84.00%	79.42%	78.50%	80.44%	77.58%	78.61%
Interest Burden Percent	98.22%	97.60%	94.22%	89.87%	95.10%	94.16%	97.54%	96.39%	88.56%	82.74%	82.00%
Effective Tax Rate	29.33%	28.84%	49.06%	20.01%	23.45%	19.00%	23.83%	23.58%	22.14%	24.95%	23.64%
Return on Invested Capital (ROIC)	14.12%	14.02%	7.72%	11.36%	13.78%	10.24%	13.67%	10.59%	7.55%	6.57%	6.92%
ROIC Less NNEP Spread (ROIC-NNEP)	15.87%	15.49%	21.04%	28.64%	175.83%	-1.17%	17.98%	9.91%	4.55%	3.33%	3.59%
Return on Net Nonoperating Assets (RNNOA)	1.26%	2.26%	5.28%	3.61%	4.73%	-0.03%	1.02%	1.52%	1.32%	1.40%	1.78%
Return on Equity (ROE)	15.37%	16.27%	13.00%	14.97%	18.51%	10.21%	14.69%	12.11%	8.88%	7.97%	8.70%
Cash Return on Invested Capital (CROIC)	12.07%	3.55%	-5.72%	34.44%	1.25%	10.63%	-8.48%	6.31%	-18.73%	8.87%	1.52%
Operating Return on Assets (OROA)	11.61%	11.68%	9.14%	7.30%	9.14%	7.12%	10.48%	8.75%	6.38%	5.96%	6.07%
Return on Assets (ROA)	8.28%	8.39%	6.28%	6.87%	9.19%	5.63%	8.12%	6.62%	4.55%	3.83%	3.91%
Return on Common Equity (ROCE)	12.86%	13.51%	10.31%	11.51%	14.19%	7.87%	11.07%	8.90%	6.42%	5.62%	6.00%
Return on Equity Simple (ROE_SIMPLE)	18.15%	19.92%	16.34%	18.98%	23.99%	12.54%	19.27%	16.42%	11.93%	11.73%	0.00%
Net Operating Profit after Tax (NOPAT)	519	549	341	480	550	433	649	571	479	466	499
NOPAT Margin	4.88%	4.75%	3.84%	5.10%	5.51%	4.28%	5.23%	4.51%	3.88%	3.68%	3.78%
Net Nonoperating Expense Percent (NNEP)	-1.75%	-1.47%	-13.32%	-17.28%	-162.05%	11.41%	-4.31%	0.68%	3.00%	3.25%	3.33%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	10.34%	6.89%	6.83%	6.87%
Cost of Revenue to Revenue	71.71%	72.12%	69.08%	69.09%	69.05%	72.17%	70.37%	69.71%	68.72%	68.31%	68.86%
SG&A Expenses to Revenue	21.05%	20.82%	23.32%	23.54%	23.61%	20.61%	21.24%	21.91%	23.96%	23.94%	23.39%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.38%	21.21%	23.26%	24.53%	23.76%	22.54%	22.76%	24.39%	26.30%	26.79%	26.18%
Earnings before Interest and Taxes (EBIT)	734	774	668	597	715	531	852	748	612	620	650
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	893	944	802	741	900	717	1,062	960	860	917	961
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.52	4.37	3.90	4.01	3.26	2.81	3.03	3.14	2.69	2.59	2.76
Price to Tangible Book Value (P/TBV)	33.95	80.26	0.00	23.55	0.00	25.80	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.23	1.06	1.23	1.26	0.98	0.93	0.84	0.86	0.80	0.69	0.68
Price to Earnings (P/E)	27.19	24.10	0.00	22.17	14.06	23.26	16.47	20.12	23.65	22.51	22.52
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.68%	4.15%	0.00%	4.51%	7.11%	4.30%	6.07%	4.97%	4.23%	4.44%	4.44%
Enterprise Value to Invested Capital (EV/IC)	3.73	3.28	2.73	3.81	2.60	2.43	2.32	2.34	1.86	1.77	1.77
Enterprise Value to Revenue (EV/Rev)	1.30	1.17	1.45	1.51	1.10	1.02	0.99	1.02	1.08	0.98	0.99
Enterprise Value to EBITDA (EV/EBITDA)	15.52	14.34	16.04	19.21	12.23	14.33	11.53	13.42	15.53	13.52	13.65
Enterprise Value to EBIT (EV/EBIT)	18.88	17.48	19.26	23.83	15.39	19.35	14.37	17.23	21.82	19.99	20.18
Enterprise Value to NOPAT (EV/NOPAT)	26.71	24.66	37.73	29.63	20.03	23.71	18.86	22.57	27.89	26.60	26.30
Enterprise Value to Operating Cash Flow (EV/OCF)	22.51	21.07	23.60	20.79	16.84	17.15	17.24	21.41	26.71	14.62	18.42
Enterprise Value to Free Cash Flow (EV/FCFF)	31.25	97.42	0.00	9.77	220.70	22.83	0.00	37.92	0.00	19.71	119.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.36	0.46	0.50	0.19	0.16	0.24	0.30	0.52	0.58	0.70
Long-Term Debt to Equity	0.14	0.21	0.25	0.25	0.16	0.12	0.23	0.28	0.44	0.43	0.53
Financial Leverage	0.08	0.15	0.25	0.13	0.03	0.03	0.06	0.15	0.29	0.42	0.50
Leverage Ratio	1.86	1.94	2.07	2.18	2.01	1.81	1.81	1.83	1.95	2.08	2.23
Compound Leverage Factor	1.82	1.89	1.95	1.96	1.92	1.71	1.76	1.76	1.73	1.72	1.82
Debt to Total Capital	19.10%	26.34%	31.30%	33.48%	16.19%	13.95%	19.61%	23.36%	34.05%	36.62%	41.19%
Short-Term Debt to Total Capital	8.16%	10.88%	14.25%	16.56%	2.86%	3.66%	1.07%	1.79%	5.30%	9.25%	9.78%
Long-Term Debt to Total Capital	10.94%	15.46%	17.05%	16.92%	13.33%	10.29%	18.55%	21.58%	28.76%	27.37%	31.42%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	12.85%	13.30%	15.88%	15.41%	19.67%	19.24%	21.51%	20.10%	19.17%	18.92%	19.00%
Common Equity to Total Capital	68.05%	60.36%	52.82%	51.11%	64.14%	66.82%	58.88%	56.54%	46.78%	44.46%	39.81%
Debt to EBITDA	0.91	1.29	2.08	2.62	0.84	0.97	1.07	1.48	3.09	3.05	3.49
Net Debt to EBITDA	0.32	0.76	1.32	1.97	0.36	-0.12	0.56	0.87	2.35	2.37	2.71
Long-Term Debt to EBITDA	0.52	0.76	1.13	1.32	0.69	0.72	1.02	1.37	2.61	2.28	2.66
Debt to NOPAT	1.56	2.22	4.88	4.04	1.38	1.61	1.76	2.49	5.56	6.00	6.73
Net Debt to NOPAT	0.55	1.30	3.11	3.04	0.59	-0.20	0.92	1.46	4.22	4.66	5.22
Long-Term Debt to NOPAT	0.89	1.30	2.66	2.04	1.13	1.19	1.66	2.30	4.69	4.48	5.14
Altman Z-Score	5.37	5.07	3.69	3.54	4.35	4.01	4.24	4.25	3.16	3.07	2.75
Noncontrolling Interest Sharing Ratio	16.33%	16.97%	20.67%	23.14%	23.32%	22.88%	24.64%	26.49%	27.72%	29.45%	31.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.50	1.44	1.44	1.30	1.58	1.66	1.67	1.79	1.67	1.42	1.38
Quick Ratio	0.61	0.57	0.60	0.38	0.66	0.81	0.68	0.70	0.76	0.57	0.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	443	139	-253	1,456	50	450	-403	340	-1,187	629	110
Operating Cash Flow to CapEx	858.63%	915.62%	874.17%	960.55%	858.17%	1,222.45%	898.73%	627.08%	340.14%	572.97%	512.23%
Free Cash Flow to Firm to Interest Expense	17.05	4.36	-4.95	19.16	0.98	10.98	-14.91	9.71	-13.65	4.80	0.73
Operating Cash Flow to Interest Expense	23.67	20.15	10.68	9.01	12.88	14.61	26.30	17.20	5.75	6.47	4.75
Operating Cash Flow Less CapEx to Interest Expense	20.91	17.95	9.46	8.07	11.38	13.41	23.37	14.46	4.06	5.34	3.82
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.68	1.74	1.21	1.15	1.28	1.36	1.53	1.48	1.29	1.22	1.23
Accounts Receivable Turnover	9.02	9.32	6.40	7.00	8.27	7.58	8.62	8.74	7.47	7.58	8.42
Inventory Turnover	5.37	5.26	3.41	3.89	4.85	4.97	5.17	4.61	4.49	4.78	4.76
Fixed Asset Turnover	33.75	35.48	25.06	27.33	31.02	30.13	35.03	33.77	28.01	24.63	22.89
Accounts Payable Turnover	8.17	8.29	5.68	6.71	8.28	7.74	8.47	8.57	8.38	8.74	8.58
Days Sales Outstanding (DSO)	40.47	39.18	57.05	52.16	44.14	48.17	42.34	41.76	48.88	48.17	43.37
Days Inventory Outstanding (DIO)	67.94	69.45	107.05	93.94	75.29	73.50	70.55	79.16	81.32	76.42	76.63
Days Payable Outstanding (DPO)	44.69	44.02	64.24	54.38	44.10	47.13	43.07	42.60	43.56	41.78	42.53
Cash Conversion Cycle (CCC)	63.72	64.60	99.85	91.72	75.32	74.55	69.81	78.32	86.64	82.81	77.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,712	4,122	4,716	3,740	4,240	4,223	5,275	5,506	7,172	7,009	7,398
Invested Capital Turnover	2.89	2.95	2.01	2.23	2.50	2.39	2.61	2.35	1.95	1.79	1.83
Increase / (Decrease) in Invested Capital	75	410	594	-976	500	-17	1,052	231	1,666	-163	389
Enterprise Value (EV)	13,855	13,540	12,872	14,233	11,012	10,274	12,241	12,886	13,355	12,396	13,115
Market Capitalization	13,027	12,211	10,968	11,878	9,770	9,399	10,391	10,826	9,838	8,780	8,962
Book Value per Share	$34.78	$34.70	$17.91	$19.43	$20.43	$23.45	$24.70	$25.42	$28.13	$27.21	$27.56
Tangible Book Value per Share	$4.63	$1.89	($1.02)	$3.31	($0.25)	$2.55	($0.70)	($0.25)	($8.74)	($12.17)	($16.87)
Total Capital	4,239	4,627	5,323	5,794	4,674	5,011	5,817	6,095	7,814	7,632	8,152
Total Debt	810	1,219	1,666	1,940	757	699	1,141	1,424	2,661	2,795	3,358
Total Long-Term Debt	464	715	908	980	623	516	1,079	1,315	2,247	2,089	2,561
Net Debt	283	714	1,059	1,463	323	-89	599	835	2,019	2,172	2,604
Capital Expenditures (CapEx)	72	70	62	71	76	49	79	96	147	148	139
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,358	1,463	1,841	1,859	1,216	1,270	1,481	1,756	2,048	1,764	1,877
Debt-free Net Working Capital (DFNWC)	1,430	1,526	2,015	1,916	1,322	1,692	1,599	1,873	2,219	1,886	2,033
Net Working Capital (NWC)	1,084	1,022	1,257	956	1,188	1,508	1,537	1,764	1,805	1,180	1,236
Net Nonoperating Expense (NNE)	-4.72	-7.32	-118	-82	-169	13	-11	4.87	43	68	80
Net Nonoperating Obligations (NNO)	283	714	1,059	-114	323	-89	599	835	2,019	2,172	2,604
Total Depreciation and Amortization (D&A)	159	170	134	144	185	186	210	212	248	297	311
Debt-free, Cash-free Net Working Capital to Revenue	12.78%	12.64%	20.72%	19.74%	12.18%	12.55%	11.94%	13.88%	16.60%	13.92%	14.24%
Debt-free Net Working Capital to Revenue	13.45%	13.18%	22.69%	20.35%	13.24%	16.72%	12.89%	14.81%	17.98%	14.88%	15.42%
Net Working Capital to Revenue	10.20%	8.83%	14.15%	10.16%	11.90%	14.91%	12.39%	13.95%	14.63%	9.31%	9.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.70	$2.83	$4.51	$3.95	$3.18	$3.07	$3.29
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	147.82M	142.50M	140.09M	136.06M	130.62M	126.79M	120.81M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.65	$2.82	$4.45	$3.91	$3.16	$3.05	$3.27
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	149.26M	143.40M	141.77M	137.76M	131.75M	127.78M	121.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	143.39M	142.46M	137.17M	131.28M	128.51M	124.18M	114.70M
Normalized Net Operating Profit after Tax (NOPAT)	543	582	344	555	561	459	655	671	541	549	579
Normalized NOPAT Margin	5.11%	5.03%	3.87%	5.89%	5.62%	4.54%	5.28%	5.31%	4.39%	4.33%	4.39%
Pre Tax Income Margin	6.78%	6.53%	7.09%	5.70%	6.81%	4.94%	6.70%	5.70%	4.39%	4.05%	4.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.22	24.28	13.09	7.86	14.08	12.95	31.56	21.37	7.03	4.73	4.33
NOPAT to Interest Expense	19.94	17.22	6.68	6.32	10.83	10.57	24.04	16.31	5.50	3.56	3.32
EBIT Less CapEx to Interest Expense	25.46	22.08	11.87	6.92	12.58	11.76	28.63	18.63	5.34	3.60	3.41
NOPAT Less CapEx to Interest Expense	17.19	15.02	5.46	5.38	9.32	9.37	21.11	13.57	3.81	2.43	2.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.05%	18.89%	3.28%	1.31%	-7.16%	1.90%	3.94%	3.71%	10.78%	13.57%	7.16%
Augmented Payout Ratio	79.33%	117.74%	101.25%	36.89%	65.84%	24.05%	73.79%	96.11%	72.48%	174.37%	228.40%

This table displays calculated financial ratios and metrics derived from Henry Schein's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	114,704,121.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	114,704,121.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.93
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.10%	-10.50%	3.66%	1.16%	0.38%	5.77%	-0.13%	3.32%	5.20%	7.71%	6.31%
EBITDA Growth	1.14%	-14.52%	-0.44%	-11.11%	-14.23%	117.92%	9.78%	-2.59%	6.11%	6.06%	6.48%
EBIT Growth	-6.60%	-47.22%	-12.64%	-21.78%	-21.72%	307.89%	14.47%	-5.06%	5.16%	5.16%	4.60%
NOPAT Growth	-4.42%	-33.98%	-15.72%	-23.90%	-24.72%	222.70%	18.32%	-5.82%	10.18%	5.92%	2.36%
Net Income Growth	-11.73%	-66.67%	-23.44%	-29.05%	-30.77%	464.71%	15.31%	-10.48%	10.10%	7.29%	-0.89%
EPS Growth	-3.67%	-61.11%	-20.88%	-24.53%	-25.71%	435.71%	22.22%	-12.50%	7.69%	13.33%	4.55%
Operating Cash Flow Growth	135.71%	-112.60%	629.63%	8.03%	-34.63%	737.50%	-81.22%	-59.46%	15.23%	86.76%	-362.16%
Free Cash Flow Firm Growth	-98.62%	-825.26%	-210.43%	-36.31%	52.40%	117.17%	101.53%	82.80%	62.43%	-194.77%	-2,776.67%
Invested Capital Growth	19.19%	30.26%	23.56%	15.25%	8.31%	-2.27%	1.62%	3.56%	4.07%	5.55%	8.95%
Revenue Q/Q Growth	2.00%	-4.59%	5.14%	-1.13%	1.21%	0.54%	-0.72%	2.27%	3.06%	2.94%	-2.01%
EBITDA Q/Q Growth	2.30%	-60.30%	112.26%	3.11%	-1.29%	0.87%	6.93%	-8.50%	7.52%	0.82%	7.35%
EBIT Q/Q Growth	-1.98%	-80.81%	300.00%	3.95%	-1.90%	0.00%	12.26%	-13.79%	8.67%	0.00%	11.66%
NOPAT Q/Q Growth	-0.17%	-76.85%	209.84%	6.28%	-1.26%	-0.75%	13.60%	-15.40%	15.51%	-4.59%	9.78%
Net Income Q/Q Growth	-3.38%	-88.11%	476.47%	7.14%	-5.71%	-3.03%	17.71%	-16.81%	15.96%	-5.50%	8.74%
EPS Q/Q Growth	-0.94%	-86.67%	414.29%	11.11%	-2.50%	-3.85%	17.33%	-20.45%	20.00%	1.19%	8.24%
Operating Cash Flow Q/Q Growth	-15.69%	-113.85%	715.63%	50.25%	-48.99%	35.10%	-81.86%	224.32%	45.00%	118.97%	-125.46%
Free Cash Flow Firm Q/Q Growth	-52.00%	-77.43%	24.79%	32.80%	46.92%	164.01%	-93.30%	-855.31%	-15.94%	-61.45%	-89.32%
Invested Capital Q/Q Growth	7.97%	7.41%	-2.18%	1.58%	1.47%	-3.08%	1.73%	3.52%	1.96%	-1.70%	5.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.47%	30.63%	31.90%	32.46%	31.29%	31.12%	31.57%	31.36%	30.73%	30.93%	31.77%
EBITDA Margin	8.44%	3.51%	7.09%	7.40%	7.21%	7.24%	7.80%	6.98%	7.28%	7.13%	7.81%
Operating Margin	6.33%	1.29%	4.73%	5.07%	4.95%	4.86%	5.52%	4.66%	4.91%	4.74%	5.40%
EBIT Margin	6.26%	1.26%	4.79%	5.04%	4.88%	4.86%	5.49%	4.63%	4.88%	4.74%	5.40%
Profit (Net Income) Margin	4.52%	0.56%	3.09%	3.35%	3.12%	3.01%	3.57%	2.90%	3.26%	3.00%	3.33%
Tax Burden Percent	79.89%	121.43%	77.17%	79.55%	77.34%	76.19%	77.93%	77.69%	81.34%	77.44%	74.67%
Interest Burden Percent	90.40%	36.84%	83.55%	83.54%	82.58%	81.29%	83.33%	80.67%	82.21%	81.60%	82.42%
Effective Tax Rate	21.79%	7.14%	25.20%	25.00%	25.00%	24.60%	24.14%	25.62%	20.90%	24.06%	25.33%
Return on Invested Capital (ROIC)	10.23%	2.34%	6.94%	7.13%	6.67%	6.55%	7.51%	6.10%	6.81%	6.59%	7.25%
ROIC Less NNEP Spread (ROIC-NNEP)	9.09%	0.99%	5.98%	6.27%	5.69%	5.55%	6.61%	5.31%	5.96%	5.72%	6.36%
Return on Net Nonoperating Assets (RNNOA)	2.18%	0.29%	1.82%	2.07%	2.17%	2.33%	2.97%	2.47%	2.95%	2.84%	3.57%
Return on Equity (ROE)	12.40%	2.62%	8.76%	9.20%	8.84%	8.87%	10.48%	8.57%	9.77%	9.43%	10.82%
Cash Return on Invested Capital (CROIC)	-9.35%	-18.73%	-13.86%	-7.85%	-2.49%	8.87%	5.27%	3.11%	2.68%	1.52%	-1.83%
Operating Return on Assets (OROA)	8.67%	1.62%	6.38%	6.49%	5.98%	5.92%	6.75%	5.59%	5.82%	5.83%	6.64%
Return on Assets (ROA)	6.26%	0.73%	4.11%	4.31%	3.82%	3.67%	4.38%	3.50%	3.89%	3.69%	4.09%
Return on Common Equity (ROCE)	9.09%	1.90%	6.37%	6.50%	6.28%	6.26%	7.42%	6.02%	6.79%	6.50%	7.46%
Return on Equity Simple (ROE_SIMPLE)	12.87%	0.00%	11.28%	10.34%	9.11%	0.00%	12.48%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	156	36	112	119	118	117	133	112	130	124	136
NOPAT Margin	4.95%	1.20%	3.54%	3.80%	3.71%	3.66%	4.19%	3.47%	3.89%	3.60%	4.03%
Net Nonoperating Expense Percent (NNEP)	1.13%	1.35%	0.96%	0.86%	0.98%	1.00%	0.90%	0.80%	0.85%	0.87%	0.89%
Return On Investment Capital (ROIC_SIMPLE)	-	0.52%	-	-	-	1.71%	1.87%	1.53%	1.76%	1.71%	1.79%
Cost of Revenue to Revenue	68.53%	69.37%	68.10%	67.54%	68.71%	68.88%	68.43%	68.64%	69.27%	69.07%	68.23%
SG&A Expenses to Revenue	22.93%	26.75%	24.94%	24.90%	22.81%	23.13%	23.30%	24.01%	22.76%	23.51%	24.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.14%	29.33%	27.18%	27.39%	26.34%	26.26%	26.04%	26.70%	25.82%	26.19%	26.37%
Earnings before Interest and Taxes (EBIT)	198	38	152	158	155	155	174	150	163	163	182
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	267	106	225	232	229	231	247	226	243	245	263
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.66	2.69	2.73	2.34	2.65	2.59	2.57	2.59	2.38	2.76	2.53
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.76	0.80	0.79	0.66	0.74	0.69	0.67	0.70	0.62	0.68	0.62
Price to Earnings (P/E)	21.79	23.65	25.29	23.32	29.55	22.51	20.94	22.93	20.49	22.52	20.94
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.59%	4.23%	3.95%	4.29%	3.38%	4.44%	4.78%	4.36%	4.88%	4.44%	4.78%
Enterprise Value to Invested Capital (EV/IC)	1.91	1.86	1.89	1.66	1.80	1.77	1.73	1.74	1.62	1.77	1.64
Enterprise Value to Revenue (EV/Rev)	1.00	1.08	1.06	0.95	1.04	0.98	0.97	1.01	0.94	0.99	0.95
Enterprise Value to EBITDA (EV/EBITDA)	14.49	15.53	15.40	14.24	16.42	13.52	13.14	13.78	12.86	13.65	13.07
Enterprise Value to EBIT (EV/EBIT)	19.69	21.82	22.42	21.65	25.86	19.99	19.22	20.28	18.97	20.18	19.41
Enterprise Value to NOPAT (EV/NOPAT)	25.39	27.89	28.87	28.10	34.09	26.60	25.36	26.80	24.76	26.30	25.46
Enterprise Value to Operating Cash Flow (EV/OCF)	16.19	26.71	19.74	17.09	21.25	14.62	17.94	25.11	22.76	18.42	22.10
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	19.71	33.12	56.95	61.58	119.63	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.52	0.52	0.55	0.59	0.58	0.67	0.67	0.69	0.70	0.76
Long-Term Debt to Equity	0.42	0.44	0.45	0.43	0.44	0.43	0.47	0.48	0.49	0.53	0.54
Financial Leverage	0.24	0.29	0.30	0.33	0.38	0.42	0.45	0.47	0.50	0.50	0.56
Leverage Ratio	1.85	1.95	1.92	1.94	2.03	2.08	2.11	2.14	2.20	2.23	2.28
Compound Leverage Factor	1.67	0.72	1.61	1.62	1.67	1.69	1.76	1.72	1.81	1.82	1.88
Debt to Total Capital	30.26%	34.05%	34.42%	35.57%	36.96%	36.62%	40.01%	40.08%	40.68%	41.19%	43.22%
Short-Term Debt to Total Capital	1.15%	5.30%	4.78%	7.87%	9.47%	9.25%	11.73%	11.35%	11.42%	9.78%	12.73%
Long-Term Debt to Total Capital	29.11%	28.76%	29.64%	27.71%	27.49%	27.37%	28.27%	28.73%	29.26%	31.42%	30.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	19.83%	19.17%	18.69%	19.21%	18.62%	18.92%	17.91%	17.78%	18.63%	19.00%	18.32%
Common Equity to Total Capital	49.92%	46.78%	46.89%	45.22%	44.42%	44.46%	42.08%	42.14%	40.69%	39.81%	38.46%
Debt to EBITDA	2.52	3.09	3.08	3.33	3.68	3.05	3.35	3.51	3.55	3.49	3.76
Net Debt to EBITDA	1.80	2.35	2.31	2.56	2.85	2.37	2.57	2.66	2.77	2.71	3.02
Long-Term Debt to EBITDA	2.42	2.61	2.65	2.59	2.74	2.28	2.37	2.52	2.55	2.66	2.65
Debt to NOPAT	4.42	5.56	5.77	6.57	7.64	6.00	6.47	6.83	6.83	6.73	7.32
Net Debt to NOPAT	3.15	4.22	4.32	5.05	5.93	4.66	4.95	5.17	5.34	5.22	5.87
Long-Term Debt to NOPAT	4.25	4.69	4.97	5.12	5.68	4.48	4.57	4.90	4.92	5.14	5.16
Altman Z-Score	3.40	2.98	3.16	2.89	2.85	2.92	2.76	2.69	2.55	2.60	2.54
Noncontrolling Interest Sharing Ratio	26.71%	27.72%	27.33%	29.35%	28.97%	29.45%	29.16%	29.75%	30.46%	31.08%	31.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.97	1.67	1.75	1.55	1.42	1.42	1.38	1.41	1.40	1.38	1.36
Quick Ratio	0.83	0.76	0.77	0.67	0.61	0.57	0.58	0.60	0.60	0.56	0.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-919	-1,630	-1,226	-824	-437	280	19	-142	-164	-265	-502
Operating Cash Flow to CapEx	577.50%	-82.05%	480.49%	800.00%	444.12%	566.67%	119.35%	375.00%	527.27%	886.05%	-388.00%
Free Cash Flow to Firm to Interest Expense	-36.74	-56.20	-40.86	-25.74	-12.86	8.00	0.54	-3.73	-4.32	-6.80	-12.87
Operating Cash Flow to Interest Expense	9.24	-1.10	6.57	9.25	4.44	5.83	1.06	3.16	4.58	9.77	-2.49
Operating Cash Flow Less CapEx to Interest Expense	7.64	-2.45	5.20	8.09	3.44	4.80	0.17	2.32	3.71	8.67	-3.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.38	1.29	1.33	1.29	1.22	1.22	1.23	1.21	1.19	1.23	1.23
Accounts Receivable Turnover	8.24	7.47	8.00	8.25	7.73	7.58	7.86	7.97	7.60	8.42	8.12
Inventory Turnover	4.80	4.49	4.74	4.88	4.77	4.78	4.91	4.92	4.86	4.76	4.78
Fixed Asset Turnover	30.66	28.01	27.79	26.10	24.65	24.63	23.99	23.12	22.64	22.89	22.80
Accounts Payable Turnover	9.17	8.38	9.85	10.14	8.64	8.74	9.70	9.83	8.64	8.58	9.44
Days Sales Outstanding (DSO)	44.28	48.88	45.64	44.24	47.21	48.17	46.41	45.78	48.00	43.37	44.96
Days Inventory Outstanding (DIO)	76.08	81.32	76.98	74.82	76.56	76.42	74.31	74.18	75.15	76.63	76.42
Days Payable Outstanding (DPO)	39.80	43.56	37.04	36.00	42.24	41.78	37.64	37.14	42.25	42.53	38.66
Cash Conversion Cycle (CCC)	80.56	86.64	85.59	83.06	81.52	82.81	83.08	82.82	80.90	77.46	82.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,677	7,172	7,016	7,127	7,232	7,009	7,130	7,381	7,526	7,398	7,768
Invested Capital Turnover	2.07	1.95	1.96	1.88	1.80	1.79	1.79	1.76	1.75	1.83	1.80
Increase / (Decrease) in Invested Capital	1,075	1,666	1,338	943	555	-163	114	254	294	389	638
Enterprise Value (EV)	12,722	13,355	13,229	11,823	13,007	12,396	12,341	12,854	12,176	13,115	12,772
Market Capitalization	9,696	9,838	9,813	8,208	9,278	8,780	8,521	8,918	8,011	8,962	8,270
Book Value per Share	$27.96	$28.13	$27.97	$27.43	$27.65	$27.21	$26.66	$28.30	$27.72	$27.56	$28.47
Tangible Book Value per Share	($5.96)	($8.74)	($8.93)	($11.51)	($12.49)	($12.17)	($13.48)	($13.81)	($15.11)	($16.87)	($17.65)
Total Capital	7,314	7,814	7,678	7,767	7,886	7,632	7,866	8,176	8,260	8,152	8,493
Total Debt	2,213	2,661	2,643	2,763	2,915	2,795	3,147	3,277	3,360	3,358	3,671
Total Long-Term Debt	2,129	2,247	2,276	2,152	2,168	2,089	2,224	2,349	2,417	2,561	2,590
Net Debt	1,576	2,019	1,981	2,123	2,261	2,172	2,411	2,482	2,626	2,604	2,946
Capital Expenditures (CapEx)	40	39	41	37	34	36	31	32	33	43	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,938	2,048	1,952	1,865	1,839	1,764	1,916	2,019	2,053	1,877	2,142
Debt-free Net Working Capital (DFNWC)	2,104	2,219	2,111	2,003	1,965	1,886	2,043	2,164	2,189	2,033	2,280
Net Working Capital (NWC)	2,020	1,805	1,744	1,392	1,218	1,180	1,120	1,236	1,246	1,236	1,199
Net Nonoperating Expense (NNE)	13	19	14	14	19	21	20	18	21	21	24
Net Nonoperating Obligations (NNO)	1,576	2,019	1,981	2,123	2,261	2,172	2,411	2,482	2,626	2,604	2,946
Total Depreciation and Amortization (D&A)	69	68	73	74	74	76	73	76	80	82	81
Debt-free, Cash-free Net Working Capital to Revenue	15.27%	16.60%	15.68%	14.94%	14.71%	13.92%	15.12%	15.81%	15.87%	14.24%	16.00%
Debt-free Net Working Capital to Revenue	16.58%	17.98%	16.95%	16.04%	15.72%	14.88%	16.13%	16.94%	16.92%	15.42%	17.04%
Net Working Capital to Revenue	15.91%	14.63%	14.01%	11.15%	9.74%	9.31%	8.84%	9.68%	9.63%	9.38%	8.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$0.13	$0.72	$0.81	$0.79	$0.75	$0.89	$0.71	$0.84	$0.85	$0.93
Adjusted Weighted Average Basic Shares Outstanding	130.39M	130.62M	128.72M	127.78M	126.12M	126.79M	123.78M	121.93M	120.20M	120.81M	114.94M
Adjusted Diluted Earnings per Share	$1.05	$0.14	$0.72	$0.80	$0.78	$0.75	$0.88	$0.70	$0.84	$0.85	$0.92
Adjusted Weighted Average Diluted Shares Outstanding	131.44M	131.75M	129.77M	128.65M	127.05M	127.78M	124.85M	122.64M	121.04M	121.72M	116.06M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	129.94M	128.51M	128.05M	126.71M	124.68M	124.18M	121.72M	121.27M	117.72M	114.70M	113.92M
Normalized Net Operating Profit after Tax (NOPAT)	165	56	120	131	154	145	152	129	157	141	145
Normalized NOPAT Margin	5.22%	1.85%	3.77%	4.16%	4.84%	4.54%	4.79%	3.99%	4.69%	4.11%	4.30%
Pre Tax Income Margin	5.66%	0.46%	4.00%	4.21%	4.03%	3.95%	4.58%	3.73%	4.01%	3.87%	4.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.92	1.31	5.07	4.94	4.56	4.43	4.97	3.95	4.29	4.18	4.67
NOPAT to Interest Expense	6.26	1.25	3.74	3.73	3.46	3.34	3.79	2.96	3.41	3.17	3.48
EBIT Less CapEx to Interest Expense	6.32	-0.03	3.70	3.78	3.56	3.40	4.09	3.11	3.42	3.08	4.03
NOPAT Less CapEx to Interest Expense	4.66	-0.10	2.37	2.57	2.46	2.31	2.91	2.11	2.55	2.07	2.84
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.36%	10.78%	12.07%	19.01%	13.17%	13.57%	12.59%	10.95%	7.28%	7.16%	10.05%
Augmented Payout Ratio	117.66%	72.48%	93.35%	154.55%	205.96%	174.37%	183.29%	204.48%	202.43%	228.40%	213.40%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, investor-focused read on Henry Schein (HSIC) using the last four years of quarterly statements across income statements, cash flow statements, and balance sheets. The focus is on trend signals that may matter to retail investors evaluating growth, profitability, cash generation, and balance-sheet health.

2025 saw a clear pattern of sequential revenue growth across quarters, culminating in Q4 2025 revenue of about $3.44B versus roughly $3.19B in Q4 2024, signaling continued top-line momentum.
Gross margins remained broadly stable around the 31% level across the period (example: Q4 2025 gross profit ≈ $1.063B on $3.437B revenue), suggesting consistent underlying profitability despite mix changes.
Operating cash flow improved meaningfully within 2025, with net cash from continuing operating activities around $381M in Q4 2025, up from the mid-teens to low hundreds of millions in prior 2025 quarters, indicating stronger cash generation from core operations.
Net income to common shareholders rose in the latest quarter (Q4 2025 ≈ $101M) versus the prior-year period (Q4 2024 ≈ $94M), signaling improving bottom-line delivery.
Diluted earnings per share (EPS) remained solid around $0.85 in the latest quarter, aligning with recent quarters and marking a constructive trend vs. prior years.
A substantial pace of share repurchases in 2025 indicates ongoing capital return to shareholders, with quarterly buybacks in the vicinity of $198–$205M, which can support per-share metrics over time.
Seasonal and timing-driven working capital swings are evident, as changes in operating assets and liabilities swing between quarters (e.g., sizable changes in operating working capital in Q4 2025 vs Q3 2025), reflecting normal working-capital cadence rather than a structural issue.
Capital expenditure remains moderate and consistent, with quarterly purchases of property, plant and equipment generally in the $30–$43M range, implying ongoing, but not outsized, investment in productive capacity.
Selling, general, and administrative expenses (SG&A) remained a meaningful expense line and rose during late 2025 (for example, SG&A around $808M in Q4 2025), contributing to pressure on operating margins to the downside relative to gross profit alone.
Total liabilities sit at a meaningful level relative to equity, with a stable but sizable leverage footprint across quarters. Financing activity shows net cash used in financing (due in part to buybacks and debt activity), which can temper balance-sheet flexibility in tighter liquidity environments.

05/12/26 01:19 AM ETAI Generated. May Contain Errors.

Henry Schein Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Henry Schein's fiscal year ends in December. Their fiscal year 2025 ended on December 27, 2025.

Henry Schein's net income appears to be on a downward trend, with a most recent value of $419 million in 2025, falling from $523.43 million in 2015. The previous period was $398 million in 2024. Check out Henry Schein's forecast to explore projected trends and price targets.

Henry Schein's total operating income in 2025 was $653 million, based on the following breakdown:

Total Gross Profit: $4.11 billion
Total Operating Expenses: $3.45 billion

Over the last 10 years, Henry Schein's total revenue changed from $10.63 billion in 2015 to $13.18 billion in 2025, a change of 24.0%.

Henry Schein's total liabilities were at $6.42 billion at the end of 2025, a 19.3% increase from 2024, and a 108.8% increase since 2015.

In the past 10 years, Henry Schein's cash and equivalents has ranged from $56.89 million in 2018 to $421.19 million in 2020, and is currently $156 million as of their latest financial filing in 2025.

Over the last 10 years, Henry Schein's book value per share changed from 34.78 in 2015 to 27.56 in 2025, a change of -20.7%.

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Financial statements for NASDAQ:HSIC last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Henry Schein (HSIC) Financials

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Henry Schein (HSIC) Financials

Annual Income Statements for Henry Schein

Quarterly Income Statements for Henry Schein

Annual Cash Flow Statements for Henry Schein

Quarterly Cash Flow Statements for Henry Schein

Annual Balance Sheets for Henry Schein

Quarterly Balance Sheets for Henry Schein

Annual Metrics And Ratios for Henry Schein

Quarterly Metrics And Ratios for Henry Schein

Financials Breakdown Chart

Key Financial Trends

Henry Schein Financials - Frequently Asked Questions

When does Henry Schein's financial year end?

How has Henry Schein's net income changed over the last 10 years?

What is Henry Schein's operating income?

How has Henry Schein's revenue changed over the last 10 years?

How much debt does Henry Schein have?

How much cash does Henry Schein have?

How has Henry Schein's book value per share changed over the last 10 years?

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