HSIC HENRY SCHEIN INC

Overview and Growth

In fiscal 2025, HENRY SCHEIN INC recorded $13.18B of revenue, net income of $398.00M, and an operating cash inflow of $712.00M. At $13.18B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 4.0% from $12.67B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $3.27, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 7.2% increase from fiscal 2024 diluted EPS of $3.05. At period end, total assets were $11.21B, framing the scale of the company’s operating and financing commitments. Revenue equaled 1.18x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $4.11B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 31.1% of revenue, showing how much of the top line remained after direct costs. Operations produced $653.00M of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 5.0%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $398.00M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 3.0% of revenue, connecting the absolute net income figure with the company’s top-line scale. The company recognized $126.00M of income tax for the period, completing the transition from pretax income to net income. The relationship between net income and period-end equity was 10.2%, indicating the profitability achieved on book capital. Return on period-end assets was 3.5%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

Total assets were $11.21B, supported by $6.42B of liabilities and $3.90B of shareholder equity. The near-term balance sheet paired $4.46B of current assets with $3.23B of current liabilities at the reporting date. At 1.38x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $156.00M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 4.8%, excluding receivables and other current assets. Relative to total assets, liabilities measured 57.3%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 1.4%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 9.8% higher than fiscal 2024 assets of $10.22B, measuring the company’s own balance-sheet change. Against $4.03B of equity in fiscal 2024, the current book-equity balance moved 3.3% and ended lower. Cash and equivalents were 27.9% higher than fiscal 2024 cash of $122.00M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $712.00M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 1.79x, comparing cash generated by operations with the bottom-line earnings result. Capital spending was $139.00M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 19.5% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $573.00M of positive free cash flow for the period. Free cash flow represented 4.3% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 5.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 27, 2025. Analysis generated Sep 24, 2026.