Henry Schein income statement
In fiscal 2025, Henry Schein reported revenue of $13.18bn, up 4.0% on the year before, operating income of $653m (a 5.0% margin) and net income of $398m, or $3.27 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.5 | 7.5 | 8.5 | 8.9 | 9.6 | 10.4 | 10.6 | 11.6 | 12.5 | 13.2 | 10.0 | 10.1 | 12.4 | 12.6 | 12.3 | 12.7 | 13.2 | 13.7 |
| Cost of revenue | — | — | 6.1 | 6.4 | 6.9 | 7.5 | 7.6 | 8.3 | 6.1 | 6.5 | 6.9 | 7.3 | 8.7 | 8.8 | 8.5 | 8.7 | 9.1 | 9.4 |
| Gross profit | 1.9 | 2.2 | 2.4 | 2.5 | 2.7 | 2.9 | 3.0 | 3.2 | 2.7 | 2.9 | 3.1 | 2.8 | 3.7 | 3.8 | 3.9 | 4.0 | 4.1 | 4.3 |
| Selling, general and administrative | 1.4 | 1.6 | 1.8 | 1.9 | 2.0 | 2.2 | 2.2 | 2.4 | 2.1 | 2.2 | 2.4 | 2.1 | 2.6 | 2.8 | 3.0 | 3.0 | 3.1 | 3.3 |
| Operating income | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | 0.6 | 0.7 | 0.5 | 0.9 | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 |
| Income before tax | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.6 | 0.5 | 0.7 | 0.5 | 0.8 | 0.7 | 0.5 | 0.5 | 0.5 | 0.6 |
| Income tax | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 |
| Net income | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.7 | 0.4 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 |
| Diluted EPS | $1.72 | $1.75 | $1.99 | $2.16 | $2.46 | $2.72 | $2.85 | $3.10 | $2.57 | $3.49 | $4.65 | $2.82 | $4.45 | $3.91 | $3.16 | $3.05 | $3.27 | $3.65 |
| Diluted shares (average) | 181m | 187m | 185m | 180m | 175m | 171m | 168m | 164m | 158m | 154m | 149m | 143m | 142m | 138m | 132m | 128m | 122m | 115m |
| EBITDA | 0.5 | 0.6 | 0.7 | 0.7 | 0.8 | 0.9 | 0.9 | 0.9 | 0.8 | 0.7 | 0.9 | 0.7 | 1.1 | 1.0 | 0.9 | 0.9 | 1.0 | 1.0 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,191 | 3,168 | 3,240 | 3,339 | 3,437 | 3,368 | 3,458 | 3,471 |
| Cost of revenue | 2,198 | 2,168 | 2,224 | 2,313 | 2,374 | 2,298 | 2,357 | 2,366 |
| Gross profit | 993 | 1,000 | 1,016 | 1,026 | 1,063 | 1,070 | 1,101 | 1,105 |
| Selling, general and administrative | 738 | 738 | 778 | 760 | 808 | 809 | 831 | 819 |
| Operating income | 155 | 175 | 151 | 164 | 163 | 182 | 171 | 193 |
| Interest expense | 35 | 35 | 38 | 38 | 39 | 39 | 43 | 42 |
| Income before tax | 126 | 145 | 121 | 134 | 133 | 150 | 137 | 160 |
| Income tax | 31 | 35 | 31 | 28 | 32 | 38 | 34 | 37 |
| Net income | 94 | 110 | 86 | 101 | 101 | 107 | 94 | 119 |
| Diluted EPS | $0.75 | $0.88 | $0.70 | $0.84 | $0.85 | $0.92 | $0.82 | $1.06 |
| EBITDA | 231 | 248 | 227 | 244 | 245 | 263 | 255 | 279 |
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