Henry Schein vs McKesson
McKesson is the larger business, with $403.43bn of revenue in fiscal 2026 against $13.18bn for Henry Schein (30.6 times as much). McKesson grew faster (12.4% against 4.0%). Henry Schein kept more of each dollar of sales as profit: a net margin of 3.0% against 1.2%.
| Latest fiscal year | Henry ScheinHSIC, 2025 | McKessonMCK, 2026 |
|---|---|---|
| Revenue | $13.18bn | $403.43bn |
| Revenue growth | 4.0% | 12.4% |
| Net income | $398m | $4.76bn |
| Operating margin | 5.0% | 1.5% |
| Net margin | 3.0% | 1.2% |
| Return on equity | 12.0% | — |
| Free cash flow | $573m | $5.72bn |
| Cash | $156m | $3.98bn |
| Total debt | $3.11bn | $6.53bn |
| Debt to equity | 95.7% | — |
| Dividend per share | — | $3.17 |
| Dividend yield | — | 0.3% |
| Share buybacks | $850m | $4.75bn |
| Employees | 25,000 | 43,000 |
| Market value | $9.21bn | $119.67bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 57 (Moderate) | 43 (Weak) |
| Insider trades, 12 months | 1 buys, 10 sales | 0 buys, 19 sales |