Cencora vs Henry Schein
Cencora is the larger business, with $321.33bn of revenue in fiscal 2025 against $13.18bn for Henry Schein (24.4 times as much). Cencora grew faster (9.3% against 4.0%). Henry Schein kept more of each dollar of sales as profit: a net margin of 3.0% against 0.5%.
| Latest fiscal year | CencoraCOR, 2025 | Henry ScheinHSIC, 2025 |
|---|---|---|
| Revenue | $321.33bn | $13.18bn |
| Revenue growth | 9.3% | 4.0% |
| Net income | $1.55bn | $398m |
| Operating margin | — | 5.0% |
| Net margin | 0.5% | 3.0% |
| Return on equity | 144.3% | 12.0% |
| Free cash flow | $3.21bn | $573m |
| Cash | $4.36bn | $156m |
| Total debt | $7.66bn | $3.11bn |
| Debt to equity | — | 95.7% |
| Dividend per share | $2.20 | — |
| Dividend yield | 0.7% | — |
| Share buybacks | $435m | $850m |
| Employees | 46,000 | 25,000 |
| Market value | $64.78bn | $9.21bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 40 (Weak) | 57 (Moderate) |
| Insider trades, 12 months | 3 buys, 12 sales | 1 buys, 10 sales |