Henry Schein, Inc. provides health care products and services to office-based dental and medical practitioners worldwide. It operates through Global Distribution and Value-Added Services; Global Specialty Products; and Global Technology segments. The Global Distribution and Value-Added Services segment distributes infection-control products, handpieces, preventatives, impression materials, composites, anesthetics, teeth, gypsum, acrylics, articulators, abrasives, PPE products, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, dental chairs, delivery units and lights, digital dental laboratories, X-ray supplies and equipment, and high-tech and digital restoration equipment, as well as provides equipment repair services, financial services on a non-recourse basis, continuing education services for practitioners, consulting, and other services. It also markets and sells a portfolio of consumable merchandise under its own corporate brand. The Global Specialty Products segment engage in manufacturing, marketing, and sales of dental implant and biomaterial products; and endodontic, orthodontic and orthopedic products, and other health care-related products and services. The Global Technology segment is involved in the development and distribution of practice management software, e-services, and other products which are distributed to health care providers. The company serves dental practices, laboratories, physician practices, and ambulatory surgery centers, as well as government, institutional health care clinics, home health providers, and other alternate care clinics. Henry Schein, Inc. was founded in 1932 and is headquartered in Melville, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $13.2B | $964M | $398M | $521M | 12.3% | 4.0% | 2.1% |
| 2024 | $12.7B | $912M | $390M | $661M | 11.5% | 2.7% | -6.3% |
| 2023 | $12.3B | $851M | $416M | $313M | 11.4% | -2.4% | -22.7% |
| 2022 | $12.6B | $950M | $538M | $474M | 15.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 12,647 | 12,339 | 12,673 | 13,184 |
| Cost Of Revenue | - | 8,816 | 8,479 | 8,657 | 9,079 |
| Gross Profit | - | 3,831 | 3,860 | 4,016 | 4,105 |
| Operating Expense | - | 2,953 | 3,165 | 3,285 | 3,347 |
| Operating Income | - | 878 | 695 | 731 | 758 |
| EBITDA | - | 950 | 851 | 912 | 964 |
| EBIT | - | 756 | 629 | 644 | 683 |
| Pretax Income | - | 721 | 542 | 513 | 533 |
| Tax Provision | - | 170 | 120 | 128 | 126 |
| Net Income | - | 538 | 416 | 390 | 398 |
| Net Income Common Stockholders | - | 538 | 416 | 390 | 398 |
| Total Expenses | - | 11,769 | 11,644 | 11,942 | 12,426 |
| Interest Expense | - | 35 | 87 | 131 | 150 |
| Interest Income | - | 8 | 17 | 24 | 33 |
| Selling General And Administration | - | 2,771 | 2,956 | 3,034 | 3,084 |
| Normalized EBITDA | - | 1,081 | 931 | 1,022 | 1,069 |
| Normalized Income | - | 638.22 | 478.29 | 472.61 | 478.12 |
| Market Cap | 8,897.56 | 8,897.56 | 8,897.56 | 8,897.56 | 8,897.56 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Henry Schein, Inc.this co. | HSIC | - | 22.36β discount | 2.74 | 12.3% | 12.63 |
| Integer Holdings Corporation | ITGR | $3.0B | 28.79 | 1.69 | 5.9% | 14.55 |
| Organon & Co. | OGN | $2.9B | 15.67 | 3.90 | 24.9% | 8.53 |
| Prestige Consumer Healthcare Inc. | PBH | $2.9B | 13.00 | 1.52 | 11.7% | 10.32 |
| Privia Health Group, Inc. | PRVA | $2.9B |
| - |
| - |
| - |
| - |
| - |
| 130.67 |
| 4.06 |
| 3.1% |
| 57.20 |
| Veracyte, Inc. | VCYT | $2.7B | 41.28 | 2.09 | 5.1% | 26.96 |
| National HealthCare Corporation | NHC | $2.7B | 22.47 | 2.52 | 11.2% | 12.59 |
| LeMaitre Vascular, Inc. | LMAT | $2.6B | 44.90 | 6.59 | 14.7% | 30.28 |
| Phibro Animal Health Corporation | PAHC | $2.2B | 46.33 | 7.83 | 16.9% | 19.95 |
| Peer Median | - | 35.04 | 3.21 | 11.5% | 17.25 | |