H

HENRY SCHEIN, INC.

HSIC · CIK 0001000228

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$13.18B4.0%
FY2025
Net income (FY)
$398.0M2.1%
FY2025
Free cash flow (FY)
$573.0M18.1%
FY2025
Diluted EPS (FY)
$3.277.2%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2008 · Revenue $6.38B · Net income $239.5M · 0001000228-11-000014 · filed 2011-02-22FY08Revenue $6.38BNet income $239.5M0001000228-11-000014 · filed 2011-02-22FY2009 · Revenue $6.54B · Net income $311.2M · 0001000228-12-000009 · filed 2012-02-15FY09Revenue $6.54BNet income $311.2M0001000228-12-000009 · filed 2012-02-15FY2010 · Revenue $7.53B · Net income $325.8M · 0001000228-13-000010 · filed 2013-02-13FY10Revenue $7.53BNet income $325.8M0001000228-13-000010 · filed 2013-02-13FY2011 · Revenue $8.53B · Net income $367.7M · 0001000228-14-000010 · filed 2014-02-11FY11Revenue $8.53BNet income $367.7M0001000228-14-000010 · filed 2014-02-11FY2012 · Revenue $8.94B · Net income $388.1M · 0001000228-15-000007 · filed 2015-02-11FY12Revenue $8.94BNet income $388.1M0001000228-15-000007 · filed 2015-02-11FY2013 · Revenue $9.56B · Net income $431.6M · 0001000228-16-000042 · filed 2016-02-10FY13Revenue $9.56BNet income $431.6M0001000228-16-000042 · filed 2016-02-10FY2014 · Revenue $10.37B · Net income $466.1M · 0001000228-17-000011 · filed 2017-02-21FY14Revenue $10.37BNet income $466.1M0001000228-17-000011 · filed 2017-02-21FY2015 · Revenue $10.63B · Net income $479.1M · 0001000228-18-000012 · filed 2018-02-21FY15Revenue $10.63BNet income $479.1M0001000228-18-000012 · filed 2018-02-21FY2016 · Revenue $11.57B · Net income $506.8M · 0001000228-19-000015 · filed 2019-02-20FY16Revenue $11.57BNet income $506.8M0001000228-19-000015 · filed 2019-02-20FY2017 · Revenue $8.88B · Net income $406.3M · 0001000228-20-000018 · filed 2020-02-20FY17Revenue $8.88BNet income $406.3M0001000228-20-000018 · filed 2020-02-20FY2018 · Revenue $9.42B · Net income $535.9M · 0001000228-21-000019 · filed 2021-02-17FY18Revenue $9.42BNet income $535.9M0001000228-21-000019 · filed 2021-02-17FY2019 · Revenue $9.99B · Net income $694.7M · 0001000228-22-000016 · filed 2022-02-15FY19Revenue $9.99BNet income $694.7M0001000228-22-000016 · filed 2022-02-15FY2020 · Revenue $10.12B · Net income $404.0M · 0001000228-23-000011 · filed 2023-02-21FY20Revenue $10.12BNet income $404.0M0001000228-23-000011 · filed 2023-02-21FY2021 · Revenue $12.40B · Net income $631.0M · 0001000228-24-000011 · filed 2024-02-28FY21Revenue $12.40BNet income $631.0M0001000228-24-000011 · filed 2024-02-28FY2022 · Revenue $12.65B · Net income $538.0M · 0001000228-25-000014 · filed 2025-02-25FY22Revenue $12.65BNet income $538.0M0001000228-25-000014 · filed 2025-02-25FY2023 · Revenue $12.34B · Net income $416.0M · 0001000228-26-000013 · filed 2026-02-24FY23Revenue $12.34BNet income $416.0M0001000228-26-000013 · filed 2026-02-24FY2024 · Revenue $12.67B · Net income $390.0M · 0001000228-26-000013 · filed 2026-02-24FY24Revenue $12.67BNet income $390.0M0001000228-26-000013 · filed 2026-02-24FY2025 · Revenue $13.18B · Net income $398.0M · 0001000228-26-000013 · filed 2026-02-24FY25Revenue $13.18BNet income $398.0M0001000228-26-000013 · filed 2026-02-24FY25Revenue $13.18BNet income $398.0M0001000228-26-000013 · filed 2026-02-24FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.1× since FY2008 · net margin 3.8% → 3.0%

MarginsNet marginFCF margin
0%2%4%6%FY2008 · Net margin 3.8% · FCF margin 5.2%FY08Net margin 3.8%FCF margin 5.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 4.8% · FCF margin 5.3%FY09Net margin 4.8%FCF margin 5.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 4.3% · FCF margin 4.7%FY10Net margin 4.3%FCF margin 4.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 4.3% · FCF margin 6.0%FY11Net margin 4.3%FCF margin 6.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 4.3% · FCF margin 4.0%FY12Net margin 4.3%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 4.5% · FCF margin 6.3%FY13Net margin 4.5%FCF margin 6.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 4.5% · FCF margin 4.9%FY14Net margin 4.5%FCF margin 4.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 4.5% · FCF margin 5.1%FY15Net margin 4.5%FCF margin 5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 4.4% · FCF margin 4.9%FY16Net margin 4.4%FCF margin 4.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 4.6% · FCF margin 5.4%FY17Net margin 4.6%FCF margin 5.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 5.7% · FCF margin 6.5%FY18Net margin 5.7%FCF margin 6.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 7.0% · FCF margin 5.8%FY19Net margin 7.0%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 4.0% · FCF margin 5.4%FY20Net margin 4.0%FCF margin 5.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 5.1% · FCF margin 5.1%FY21Net margin 5.1%FCF margin 5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 4.3% · FCF margin 4.0%FY22Net margin 4.3%FCF margin 4.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 3.4% · FCF margin 2.9%FY23Net margin 3.4%FCF margin 2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 3.1% · FCF margin 5.5%FY24Net margin 3.1%FCF margin 5.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 3.0% · FCF margin 4.3%FY25Net margin 3.0%FCF margin 4.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 3.0%FCF margin 4.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 3.0% · free cash flow 4.3% of revenue

Cash engineOperating cash flowFree cash flow
$0$500MFY2008 · OCF $384.8M · FCF $333.9M · 0001000228-11-000014 · filed 2011-02-22FY08OCF $384.8MFCF $333.9M0001000228-11-000014 · filed 2011-02-22FY2009 · OCF $398.0M · FCF $346.4M · 0001000228-12-000009 · filed 2012-02-15FY09OCF $398.0MFCF $346.4M0001000228-12-000009 · filed 2012-02-15FY2010 · OCF $395.5M · FCF $356.5M · 0001000228-13-000010 · filed 2013-02-13FY10OCF $395.5MFCF $356.5M0001000228-13-000010 · filed 2013-02-13FY2011 · OCF $554.6M · FCF $509.4M · 0001000228-13-000010 · filed 2013-02-13FY11OCF $554.6MFCF $509.4M0001000228-13-000010 · filed 2013-02-13FY2012 · OCF $408.1M · FCF $356.9M · 0001000228-13-000010 · filed 2013-02-13FY12OCF $408.1MFCF $356.9M0001000228-13-000010 · filed 2013-02-13FY2013 · OCF $664.2M · FCF $604.0M · 0001000228-16-000042 · filed 2016-02-10FY13OCF $664.2MFCF $604.0M0001000228-16-000042 · filed 2016-02-10FY2014 · OCF $592.5M · FCF $510.4M · 0001000228-17-000011 · filed 2017-02-21FY14OCF $592.5MFCF $510.4M0001000228-17-000011 · filed 2017-02-21FY2015 · OCF $615.5M · FCF $543.8M · 0001000228-18-000012 · filed 2018-02-21FY15OCF $615.5MFCF $543.8M0001000228-18-000012 · filed 2018-02-21FY2016 · OCF $642.6M · FCF $572.4M · 0001000228-19-000015 · filed 2019-02-20FY16OCF $642.6MFCF $572.4M0001000228-19-000015 · filed 2019-02-20FY2017 · OCF $545.5M · FCF $483.1M · 0001000228-20-000018 · filed 2020-02-20FY17OCF $545.5MFCF $483.1M0001000228-20-000018 · filed 2020-02-20FY2018 · OCF $684.7M · FCF $613.4M · 0001000228-21-000019 · filed 2021-02-17FY18OCF $684.7MFCF $613.4M0001000228-21-000019 · filed 2021-02-17FY2019 · OCF $654.1M · FCF $577.9M · 0001000228-22-000016 · filed 2022-02-15FY19OCF $654.1MFCF $577.9M0001000228-22-000016 · filed 2022-02-15FY2020 · OCF $599.0M · FCF $550.0M · 0001000228-23-000011 · filed 2023-02-21FY20OCF $599.0MFCF $550.0M0001000228-23-000011 · filed 2023-02-21FY2021 · OCF $710.0M · FCF $631.0M · 0001000228-24-000011 · filed 2024-02-28FY21OCF $710.0MFCF $631.0M0001000228-24-000011 · filed 2024-02-28FY2022 · OCF $602.0M · FCF $506.0M · 0001000228-25-000014 · filed 2025-02-25FY22OCF $602.0MFCF $506.0M0001000228-25-000014 · filed 2025-02-25FY2023 · OCF $500.0M · FCF $353.0M · 0001000228-26-000013 · filed 2026-02-24FY23OCF $500.0MFCF $353.0M0001000228-26-000013 · filed 2026-02-24FY2024 · OCF $848.0M · FCF $700.0M · 0001000228-26-000013 · filed 2026-02-24FY24OCF $848.0MFCF $700.0M0001000228-26-000013 · filed 2026-02-24FY2025 · OCF $712.0M · FCF $573.0M · 0001000228-26-000013 · filed 2026-02-24FY25OCF $712.0MFCF $573.0M0001000228-26-000013 · filed 2026-02-24FY25OCF $712.0MFCF $573.0M0001000228-26-000013 · filed 2026-02-24’09’13’17’21’25

FY2025: $712.0M operating cash − $139.0M capex = $573.0M free cash flow

Returns on capitalReturn on equityReturn on assets
0%10%20%FY2009 · ROE 14.4% · ROA 8.1%FY09ROE 14.4%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 13.5% · ROA 7.2%FY10ROE 13.5%ROA 7.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 15.1% · ROA 7.8%FY11ROE 15.1%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 14.8% · ROA 7.3%FY12ROE 14.8%ROA 7.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 15.5% · ROA 7.7%FY13ROE 15.5%ROA 7.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 16.6% · ROA 7.6%FY14ROE 16.6%ROA 7.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 16.6% · ROA 7.4%FY15ROE 16.6%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 18.1% · ROA 7.5%FY16ROE 18.1%ROA 7.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 14.5% · ROA 5.2%FY17ROE 14.5%ROA 5.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 18.1% · ROA 6.3%FY18ROE 18.1%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 23.2% · ROA 9.7%FY19ROE 23.2%ROA 9.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 12.1% · ROA 5.2%FY20ROE 12.1%ROA 5.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 18.4% · ROA 7.4%FY21ROE 18.4%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 15.6% · ROA 6.3%FY22ROE 15.6%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 11.4% · ROA 3.9%FY23ROE 11.4%ROA 3.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 11.5% · ROA 3.8%FY24ROE 11.5%ROA 3.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 12.3% · ROA 3.5%FY25ROE 12.3%ROA 3.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 12.3%ROA 3.5%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 14% (FY2009) → 12% (FY2025) · on assets 3.5%

Balance sheetLiabilitiesEquity
$0$5B$10BFY2009 · Liabilities $1.50B · Equity $2.16BFY09Liabilities $1.50BEquity $2.16B0001000228-11-000014 · filed 2011-02-22FY2010 · Liabilities $1.83B · Equity $2.41BFY10Liabilities $1.83BEquity $2.41B0001000228-12-000009 · filed 2012-02-15FY2011 · Liabilities $1.90B · Equity $2.43BFY11Liabilities $1.90BEquity $2.43B0001000228-13-000010 · filed 2013-02-13FY2012 · Liabilities $2.28B · Equity $2.61BFY12Liabilities $2.28BEquity $2.61B0001000228-14-000010 · filed 2014-02-11FY2013 · Liabilities $2.34B · Equity $2.79BFY13Liabilities $2.34BEquity $2.79B0001000228-15-000007 · filed 2015-02-11FY2014 · Liabilities $2.76B · Equity $2.81BFY14Liabilities $2.76BEquity $2.81B0001000228-16-000042 · filed 2016-02-10FY2015 · Liabilities $3.08B · Equity $2.88BFY15Liabilities $3.08BEquity $2.88B0001000228-17-000011 · filed 2017-02-21FY2016 · Liabilities $3.35B · Equity $2.79BFY16Liabilities $3.35BEquity $2.79B0001000228-18-000012 · filed 2018-02-21FY2017 · Liabilities $4.21B · Equity $2.81BFY17Liabilities $4.21BEquity $2.81B0001000228-19-000015 · filed 2019-02-20FY2018 · Liabilities $4.65B · Equity $2.96BFY18Liabilities $4.65BEquity $2.96B0001000228-20-000018 · filed 2020-02-20FY2019 · Liabilities $3.23B · Equity $3.00BFY19Liabilities $3.23BEquity $3.00B0001000228-21-000019 · filed 2021-02-17FY2020 · Liabilities $3.46B · Equity $3.35BFY20Liabilities $3.46BEquity $3.35B0001000228-22-000016 · filed 2022-02-15FY2021 · Liabilities $3.81B · Equity $3.42BFY21Liabilities $3.81BEquity $3.42B0001000228-23-000011 · filed 2023-02-21FY2022 · Liabilities $3.94B · Equity $3.45BFY22Liabilities $3.94BEquity $3.45B0001000228-24-000011 · filed 2024-02-28FY2023 · Liabilities $5.42B · Equity $3.65BFY23Liabilities $5.42BEquity $3.65B0001000228-25-000014 · filed 2025-02-25FY2024 · Liabilities $5.38B · Equity $3.39BFY24Liabilities $5.38BEquity $3.39B0001000228-26-000013 · filed 2026-02-24FY2025 · Liabilities $6.42B · Equity $3.25BFY25Liabilities $6.42BEquity $3.25B0001000228-26-000013 · filed 2026-02-24FY25Liabilities $6.42BEquity $3.25B0001000228-26-000013 · filed 2026-02-24’09’13’17’21’25

FY2025: $11.21B assets · $6.42B liabilities · $3.25B equity

The receipts