Henry Schein (HSIC) Financials

$65.17 -1.06 (-1.60%)

Closing price 04/25/2025 04:00 PM Eastern

Extended Trading

$65.19 +0.02 (+0.03%)

As of 04/25/2025 05:46 PM Eastern

Annual Income Statements for Henry Schein

This table shows Henry Schein's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	479	507	0.00	536	695	404	631	538	416	390
Consolidated Net Income / (Loss)	523	556	459	562	719	420	660	566	436	398
Net Income / (Loss) Continuing Operations	523	556	612	450	725	419	660	566	436	398
Total Pre-Tax Income	721	756	630	537	680	500	831	721	542	513
Total Operating Income	734	772	670	601	718	535	852	747	615	621
Total Gross Profit	3,007	3,226	2,747	2,911	3,091	2,816	3,674	3,831	3,860	4,016
Total Revenue	10,630	11,572	8,883	9,418	9,986	10,119	12,401	12,647	12,339	12,673
Operating Revenue	10,630	11,572	8,883	9,418	9,986	10,119	12,401	12,647	12,339	12,673
Total Cost of Revenue	7,623	8,345	6,137	6,507	6,895	7,303	8,727	8,816	8,479	8,657
Operating Cost of Revenue	7,623	8,345	6,137	6,507	6,895	7,303	8,727	8,816	8,479	8,657
Total Operating Expenses	2,273	2,455	2,066	2,310	2,373	2,281	2,822	3,084	3,245	3,395
Selling, General & Admin Expense	2,238	2,409	2,072	2,217	2,358	2,086	2,634	2,771	2,956	3,034
Depreciation Expense	-	-	-	-	-	163	180	182	209	251
Restructuring Charge	35	46	0.00	54	15	32	8.00	131	80	110
Other Special Charges / (Income)	-	0.00	5.33	38	-	-	-	0.00	0.00	0.00
Total Other Income / (Expense), net	-13	-16	-40	-64	-38	-35	-21	-26	-73	-108
Interest Expense	26	32	51	76	51	41	27	35	87	131
Interest & Investment Income	13	13	12	15	16	10	6.00	8.00	17	24
Other Income / (Expense), net	-0.14	2.88	-1.34	-3.26	-2.92	-4.00	0.00	1.00	-3.00	-1.00
Income Tax Expense	211	218	309	107	160	95	198	170	120	128
Other Gains / (Losses), net	14	19	15	21	205	12	27	15	14	13
Net Income / (Loss) Attributable to Noncontrolling Interest	44	50	53	26	25	16	29	28	20	8.00
Basic Earnings per Share	$2.89	$3.14	$2.59	$3.51	$4.70	$2.83	$4.51	$3.95	$3.18	$3.07
Weighted Average Basic Shares Outstanding	165.69M	161.64M	156.79M	152.66M	147.82M	142.50M	140.09M	136.06M	130.62M	126.79M
Diluted Earnings per Share	$2.85	$3.10	$2.57	$3.49	$4.65	$2.82	$4.45	$3.91	$3.16	$3.05
Weighted Average Diluted Shares Outstanding	168.25M	163.72M	158.21M	153.71M	149.26M	143.40M	141.77M	137.76M	131.75M	127.78M
Weighted Average Basic & Diluted Shares Outstanding	82.90M	161.40M	156.90M	151.40M	143.39M	142.46M	137.17M	131.28M	128.51M	124.18M

This table shows Henry Schein's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	150	47	121	140	137	18	93	104	99	94
Consolidated Net Income / (Loss)	162	51	128	148	143	17	98	105	99	96
Net Income / (Loss) Continuing Operations	162	51	128	148	143	17	98	105	99	96
Total Pre-Tax Income	205	63	163	186	179	14	127	132	128	126
Total Operating Income	211	72	175	201	200	39	150	159	157	155
Total Gross Profit	914	999	966	975	995	924	1,012	1,018	993	993
Total Revenue	3,067	3,371	3,060	3,100	3,162	3,017	3,172	3,136	3,174	3,191
Operating Revenue	3,067	3,371	3,060	3,100	3,162	3,017	3,172	3,136	3,174	3,191
Total Cost of Revenue	2,153	2,372	2,094	2,125	2,167	2,093	2,160	2,118	2,181	2,198
Operating Cost of Revenue	2,153	2,372	2,094	2,125	2,167	2,093	2,160	2,118	2,181	2,198
Total Operating Expenses	703	927	791	774	795	885	862	859	836	838
Selling, General & Admin Expense	648	761	717	707	725	807	791	781	724	738
Depreciation Expense	45	45	44	49	59	57	61	63	64	63
Restructuring Charge	10	121	30	18	11	21	10	15	48	37
Total Other Income / (Expense), net	-6.00	-9.00	-12	-15	-21	-25	-23	-27	-29	-29
Interest Expense	8.00	12	14	19	25	29	30	32	34	35
Interest & Investment Income	1.00	3.00	3.00	3.00	6.00	5.00	5.00	6.00	7.00	6.00
Income Tax Expense	46	15	39	41	39	1.00	32	33	32	31
Other Gains / (Losses), net	3.00	3.00	4.00	3.00	3.00	4.00	3.00	6.00	3.00	1.00
Net Income / (Loss) Attributable to Noncontrolling Interest	12	4.00	7.00	8.00	6.00	-1.00	5.00	1.00	0.00	2.00
Basic Earnings per Share	$1.10	$0.37	$0.92	$1.07	$1.06	$0.13	$0.72	$0.81	$0.79	$0.75
Weighted Average Basic Shares Outstanding	135.61M	136.06M	131.37M	130.91M	130.39M	130.62M	128.72M	127.78M	126.12M	126.79M
Diluted Earnings per Share	$1.09	$0.36	$0.91	$1.06	$1.05	$0.14	$0.72	$0.80	$0.78	$0.75
Weighted Average Diluted Shares Outstanding	137.08M	137.76M	133.04M	131.87M	131.44M	131.75M	129.77M	128.65M	127.05M	127.78M
Weighted Average Basic & Diluted Shares Outstanding	135.55M	131.28M	131.00M	130.58M	129.94M	128.51M	128.05M	126.71M	124.68M	124.18M

This table details how cash moves in and out of Henry Schein's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-17	-9.71	88	-105	-9.59	315	-303	11	66	-92
Net Cash From Operating Activities	616	643	546	685	654	599	710	602	500	848
Net Cash From Continuing Operating Activities	616	643	375	451	820	594	710	602	500	848
Net Income / (Loss) Continuing Operations	523	556	318	450	725	419	660	566	436	398
Consolidated Net Income / (Loss)	523	556	459	562	719	420	660	566	436	398
Depreciation Expense	159	170	134	144	185	186	210	212	248	297
Non-Cash Adjustments To Reconcile Net Income	71	75	78	47	-133	20	49	166	116	69
Changes in Operating Assets and Liabilities, net	-138	-159	-155	-190	43	-31	-209	-342	-300	84
Net Cash From Investing Activities	-260	-316	-342	-193	-424	-115	-677	-276	-1,135	-430
Net Cash From Continuing Investing Activities	-260	-316	-213	-164	-422	-115	-677	-276	-1,135	-430
Purchase of Property, Plant & Equipment	-72	-70	-62	-71	-76	-49	-79	-96	-147	-148
Acquisitions	-172	-229	-181	-53	-656	-60	-571	-158	-955	-230
Purchase of Investments	-	-	-	-26	-	-	0.00	0.00	22	0.00
Divestitures	0.00	0.00	34	1.00	307	14	10	0.00	0.00	0.00
Sale and/or Maturity of Investments	0.02	-4.50	6.70	-	17	-1.00	-4.00	11	6.00	4.00
Other Investing Activities, net	-17	-13	-9.67	-15	-14	-19	-33	-33	-61	-56
Net Cash From Financing Activities	-348	-327	-113	-604	-216	-187	-333	-315	701	-510
Net Cash From Continuing Financing Activities	-348	-327	-74	-402	-363	-182	-333	-315	701	-510
Repayment of Debt	-201	-16	-61	-25	-261	-615	-125	-11	-318	69
Repurchase of Common Equity	-300	-550	-450	-200	-525	-93	-461	-523	-269	-640
Payment of Dividends	-115	-105	-15	-7.35	51	-8.00	-26	-21	-47	-54
Issuance of Debt	280	360	503	326	-927	546	287	270	1,368	120
Issuance of Common Equity	-	-	0.00	0.00	361	0.00	0.00	0.00	0.00	0.00
Other Financing Activities, net	-12	-16	-40	-208	940	-12	-8.00	-30	-33	-5.00

This table details how cash moves in and out of Henry Schein's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	15	6.00	9.00	11	29	17	-12	-21	-12	-47
Net Cash From Operating Activities	98	254	27	274	231	-32	197	296	151	204
Net Cash From Continuing Operating Activities	98	254	27	274	231	-32	197	296	151	204
Net Income / (Loss) Continuing Operations	162	51	128	148	143	17	98	105	99	96
Consolidated Net Income / (Loss)	162	51	128	148	143	17	98	105	99	96
Depreciation Expense	52	52	52	59	69	68	73	74	74	76
Non-Cash Adjustments To Reconcile Net Income	7.00	145	16	13	20	67	9.00	15	2.00	43
Changes in Operating Assets and Liabilities, net	-123	6.00	-169	54	-1.00	-184	17	102	-24	-11
Net Cash From Investing Activities	-152	-65	-39	-301	-468	-327	-72	-209	-91	-58
Net Cash From Continuing Investing Activities	-152	-65	-39	-301	-468	-327	-72	-209	-91	-58
Purchase of Property, Plant & Equipment	-24	-29	-31	-37	-40	-39	-41	-37	-34	-36
Acquisitions	-120	-31	-1.00	-250	-417	-287	-20	-161	-42	-7.00
Sale and/or Maturity of Investments	-	11	0.00	-	-	6.00	0.00	-	-	4.00
Other Investing Activities, net	-8.00	-16	-7.00	-14	-11	-29	-11	-11	-15	-19
Net Cash From Financing Activities	74	-194	21	38	248	394	-151	-114	-41	-204
Net Cash From Continuing Financing Activities	74	-194	21	38	248	394	-151	-114	-41	-204
Repayment of Debt	-1.00	47	-1.00	-365	-94	142	-60	-117	-16	262
Repurchase of Common Equity	-104	-290	-108	-55	-56	-50	-169	-217	-179	-75
Payment of Dividends	-6.00	-3.00	-4.00	-2.00	-35	-6.00	-6.00	-22	-8.00	-18
Issuance of Debt	186	54	163	463	434	308	90	242	162	-374
Other Financing Activities, net	-1.00	-2.00	-29	-3.00	-1.00	-	-6.00	-	-	1.00

This table presents Henry Schein's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	6,505	6,760	7,864	8,501	7,151	7,773	8,481	8,607	10,573	10,218
Total Current Assets	3,231	3,343	4,086	4,175	3,227	3,791	3,844	3,988	4,488	3,983
Cash & Equivalents	72	62	175	57	106	421	118	117	171	122
Accounts Receivable	1,230	1,254	1,523	1,169	1,246	1,425	1,452	1,442	1,863	1,482
Inventories, net	1,510	1,666	1,934	1,416	1,429	1,512	1,861	1,963	1,815	1,810
Prepaid Expenses	361	361	455	451	445	433	413	466	639	569
Plant, Property, & Equipment, net	318	334	375	314	330	342	366	383	498	531
Total Noncurrent Assets	2,955	3,084	3,403	4,011	3,595	3,639	4,271	4,236	5,587	5,704
Long-Term Investments	455	443	432	420	328	366	424	472	471	501
Goodwill	1,908	2,020	2,301	2,081	2,462	2,504	2,854	2,893	3,875	3,887
Intangible Assets	593	621	670	376	573	479	668	587	916	1,023
Other Noncurrent Operating Assets	-	-	-	0.00	232	289	325	284	325	293
Total Liabilities & Shareholders' Equity	6,505	6,760	7,864	8,501	7,151	7,773	8,481	8,607	10,573	10,218
Total Liabilities	3,076	3,352	4,207	4,647	3,234	3,460	3,805	3,936	5,420	5,381
Total Current Liabilities	2,147	2,321	2,829	3,219	2,038	2,283	2,307	2,224	2,683	2,803
Short-Term Debt	346	503	758	960	134	183	62	109	414	706
Accounts Payable	1,006	1,007	1,153	786	880	1,006	1,054	1,004	1,020	962
Current Deferred & Payable Income Tax Liabilities	162	152	189	155	165	139	137	132	137	139
Current Employee Benefit Liabilities	258	266	273	243	265	295	385	314	332	303
Other Current Liabilities	375	392	456	498	594	660	669	665	780	693
Total Noncurrent Liabilities	929	1,031	1,378	1,428	1,195	1,177	1,498	1,712	2,737	2,578
Long-Term Debt	464	715	908	980	623	516	811	1,040	1,937	1,830
Capital Lease Obligations	-	-	-	-	-	-	268	275	310	259
Noncurrent Deferred & Payable Income Tax Liabilities	253	52	50	27	65	30	42	36	54	102
Other Noncurrent Operating Liabilities	212	264	420	358	507	632	377	361	436	387
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	542	608	832	312	287	328	613	576	864	806
Total Equity & Noncontrolling Interests	2,887	2,801	2,824	3,542	3,630	3,984	4,063	4,095	4,289	4,031
Total Preferred & Common Equity	2,884	2,793	2,811	2,961	2,998	3,348	3,425	3,446	3,655	3,393
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,884	2,793	2,811	2,961	2,998	3,348	3,425	3,446	3,655	3,393
Common Stock	208	128	1.54	1.51	49	1.43	1.00	1.00	1.00	1.00
Retained Earnings	2,896	2,982	2,940	3,209	3,116	3,455	3,595	3,678	3,860	3,771
Accumulated Other Comprehensive Income / (Loss)	-220	-317	-130	-249	-167	-108	-171	-233	-206	-379
Noncontrolling Interest	2.56	7.74	13	580	632	636	638	649	634	638

This table presents Henry Schein's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	8,534	8,607	8,572	9,146	9,810	10,573	10,145	10,251	10,605	10,218
Total Current Assets	3,957	3,988	3,952	3,911	4,113	4,488	4,078	3,941	4,147	3,983
Cash & Equivalents	123	117	126	137	166	171	159	138	126	122
Accounts Receivable	1,507	1,442	1,470	1,468	1,573	1,863	1,644	1,559	1,660	1,482
Inventories, net	1,818	1,963	1,918	1,843	1,833	1,815	1,686	1,657	1,754	1,810
Prepaid Expenses	509	466	438	463	541	639	589	587	607	569
Plant, Property, & Equipment, net	354	383	396	439	474	498	500	518	540	531
Total Noncurrent Assets	4,223	4,236	4,224	4,796	5,223	5,587	5,567	5,792	5,918	5,704
Long-Term Investments	399	472	479	493	471	471	503	502	528	501
Goodwill	2,870	2,893	2,917	3,335	3,595	3,875	3,835	3,905	3,986	3,887
Intangible Assets	635	587	548	678	834	916	915	1,081	1,100	1,023
Other Noncurrent Operating Assets	319	284	280	290	323	325	314	304	304	293
Total Liabilities & Shareholders' Equity	8,534	8,607	8,572	9,146	9,810	10,573	10,145	10,251	10,605	10,218
Total Liabilities	3,726	3,936	3,875	4,140	4,709	5,420	5,110	5,247	5,634	5,381
Total Current Liabilities	2,146	2,224	2,172	2,276	2,093	2,683	2,334	2,549	2,929	2,803
Short-Term Debt	111	109	291	391	84	414	367	611	747	706
Accounts Payable	957	1,004	855	817	953	1,020	879	867	1,026	962
Current Deferred & Payable Income Tax Liabilities	127	132	156	129	137	137	143	150	159	139
Current Employee Benefit Liabilities	330	314	231	275	274	332	245	279	289	303
Other Current Liabilities	621	665	639	664	645	780	700	642	708	693
Total Noncurrent Liabilities	1,580	1,712	1,703	1,864	2,616	2,737	2,776	2,698	2,705	2,578
Long-Term Debt	934	1,040	1,021	1,133	1,815	1,937	2,010	1,891	1,906	1,830
Capital Lease Obligations	271	275	274	284	314	310	266	261	262	259
Noncurrent Deferred & Payable Income Tax Liabilities	37	36	40	50	91	54	77	115	123	102
Other Noncurrent Operating Liabilities	338	361	368	397	396	436	423	431	414	387
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	563	576	570	820	821	864	798	856	832	806
Total Equity & Noncontrolling Interests	4,245	4,095	4,127	4,186	4,280	4,289	4,237	4,148	4,139	4,031
Total Preferred & Common Equity	3,611	3,446	3,472	3,560	3,651	3,655	3,600	3,512	3,503	3,393
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,611	3,446	3,472	3,560	3,651	3,655	3,600	3,512	3,503	3,393
Common Stock	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Retained Earnings	3,922	3,678	3,684	3,769	3,897	3,860	3,838	3,803	3,766	3,771
Accumulated Other Comprehensive Income / (Loss)	-312	-233	-213	-210	-247	-206	-239	-292	-264	-379
Noncontrolling Interest	634	649	655	626	629	634	637	636	636	638

This table displays calculated financial ratios and metrics derived from Henry Schein's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.49%	8.86%	-23.23%	6.01%	6.03%	1.33%	22.55%	1.98%	-2.44%	2.71%
EBITDA Growth	2.41%	5.74%	-15.03%	-7.64%	21.50%	-20.36%	48.12%	-9.60%	-10.42%	6.63%
EBIT Growth	1.96%	5.54%	-13.69%	-10.63%	19.75%	-25.77%	60.45%	-12.21%	-18.18%	1.31%
NOPAT Growth	4.21%	5.86%	-37.86%	40.81%	14.45%	-21.19%	49.76%	-12.04%	-16.12%	-2.67%
Net Income Growth	3.56%	6.30%	-17.45%	22.39%	27.93%	-41.60%	57.14%	-14.24%	-22.97%	-8.72%
EPS Growth	3.56%	6.30%	-17.45%	22.39%	33.24%	-39.35%	57.80%	-12.13%	-19.18%	-3.48%
Operating Cash Flow Growth	3.88%	4.40%	-15.11%	25.52%	-4.47%	-8.42%	18.53%	-15.21%	-16.94%	69.60%
Free Cash Flow Firm Growth	2,460.73%	-68.65%	-281.78%	676.37%	-96.57%	801.93%	-189.45%	184.42%	-449.30%	152.99%
Invested Capital Growth	2.07%	11.05%	14.41%	-20.69%	13.37%	-0.39%	24.90%	4.38%	30.26%	-2.27%
Revenue Q/Q Growth	1.42%	2.39%	-27.57%	40.88%	2.01%	5.16%	1.35%	0.32%	-2.79%	1.39%
EBITDA Q/Q Growth	-0.21%	1.78%	-21.16%	25.57%	6.00%	-2.39%	3.15%	-12.33%	-2.05%	15.78%
EBIT Q/Q Growth	-0.34%	1.68%	-19.69%	21.76%	5.75%	-2.98%	2.51%	-14.61%	-5.26%	23.26%
NOPAT Q/Q Growth	-0.46%	2.39%	-43.97%	117.77%	3.56%	-0.57%	0.90%	-14.97%	-4.44%	22.14%
Net Income Q/Q Growth	-0.59%	2.32%	-23.99%	30.23%	37.84%	-30.98%	0.62%	-15.14%	-7.23%	24.76%
EPS Q/Q Growth	-0.59%	2.32%	-23.99%	30.23%	37.57%	-32.05%	-1.11%	-14.81%	-6.51%	25.00%
Operating Cash Flow Q/Q Growth	12.84%	-11.02%	-4.63%	8.90%	-0.21%	10.59%	-9.32%	-3.68%	-36.39%	38.56%
Free Cash Flow Firm Q/Q Growth	0.80%	-62.00%	-55.12%	780.14%	-96.38%	-5.64%	-13,923.64%	650.84%	-106.85%	462.74%
Invested Capital Q/Q Growth	-3.38%	2.74%	-1.42%	-28.33%	-2.99%	-2.46%	6.01%	-1.71%	7.41%	-3.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.29%	27.88%	30.92%	30.91%	30.95%	27.83%	29.63%	30.29%	31.28%	31.69%
EBITDA Margin	8.40%	8.16%	9.03%	7.87%	9.02%	7.09%	8.56%	7.59%	6.97%	7.24%
Operating Margin	6.90%	6.67%	7.54%	6.38%	7.19%	5.29%	6.87%	5.91%	4.98%	4.90%
EBIT Margin	6.90%	6.69%	7.52%	6.34%	7.16%	5.25%	6.87%	5.91%	4.96%	4.89%
Profit (Net Income) Margin	4.92%	4.81%	5.17%	5.97%	7.20%	4.15%	5.32%	4.48%	3.53%	3.14%
Tax Burden Percent	72.62%	73.61%	72.93%	104.71%	105.71%	84.00%	79.42%	78.50%	80.44%	77.58%
Interest Burden Percent	98.22%	97.60%	94.22%	89.87%	95.10%	94.16%	97.54%	96.39%	88.56%	82.74%
Effective Tax Rate	29.33%	28.84%	49.06%	20.01%	23.45%	19.00%	23.83%	23.58%	22.14%	24.95%
Return on Invested Capital (ROIC)	14.12%	14.02%	7.72%	11.36%	13.78%	10.24%	13.67%	10.59%	7.55%	6.57%
ROIC Less NNEP Spread (ROIC-NNEP)	15.87%	15.49%	21.04%	28.64%	175.83%	-1.17%	17.98%	9.91%	4.55%	3.33%
Return on Net Nonoperating Assets (RNNOA)	1.26%	2.26%	5.28%	3.61%	4.73%	-0.03%	1.02%	1.52%	1.32%	1.40%
Return on Equity (ROE)	15.37%	16.27%	13.00%	14.97%	18.51%	10.21%	14.69%	12.11%	8.88%	7.97%
Cash Return on Invested Capital (CROIC)	12.07%	3.55%	-5.72%	34.44%	1.25%	10.63%	-8.48%	6.31%	-18.73%	8.87%
Operating Return on Assets (OROA)	11.61%	11.68%	9.14%	7.30%	9.14%	7.12%	10.48%	8.75%	6.38%	5.96%
Return on Assets (ROA)	8.28%	8.39%	6.28%	6.87%	9.19%	5.63%	8.12%	6.62%	4.55%	3.83%
Return on Common Equity (ROCE)	12.86%	13.51%	10.31%	11.51%	14.19%	7.87%	11.07%	8.90%	6.42%	5.62%
Return on Equity Simple (ROE_SIMPLE)	18.15%	19.92%	16.34%	18.98%	23.99%	12.54%	19.27%	16.42%	11.93%	11.73%
Net Operating Profit after Tax (NOPAT)	519	549	341	480	550	433	649	571	479	466
NOPAT Margin	4.88%	4.75%	3.84%	5.10%	5.51%	4.28%	5.23%	4.51%	3.88%	3.68%
Net Nonoperating Expense Percent (NNEP)	-1.75%	-1.47%	-13.32%	-17.28%	-162.05%	11.41%	-4.31%	0.68%	3.00%	3.25%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	10.34%	6.89%	6.83%
Cost of Revenue to Revenue	71.71%	72.12%	69.08%	69.09%	69.05%	72.17%	70.37%	69.71%	68.72%	68.31%
SG&A Expenses to Revenue	21.05%	20.82%	23.32%	23.54%	23.61%	20.61%	21.24%	21.91%	23.96%	23.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.38%	21.21%	23.26%	24.53%	23.76%	22.54%	22.76%	24.39%	26.30%	26.79%
Earnings before Interest and Taxes (EBIT)	734	774	668	597	715	531	852	748	612	620
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	893	944	802	741	900	717	1,062	960	860	917
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.52	4.37	3.90	4.01	3.26	2.81	3.03	3.14	2.69	2.59
Price to Tangible Book Value (P/TBV)	33.95	80.26	0.00	23.55	0.00	25.80	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.23	1.06	1.23	1.26	0.98	0.93	0.84	0.86	0.80	0.69
Price to Earnings (P/E)	27.19	24.10	0.00	22.17	14.06	23.26	16.47	20.12	23.65	22.51
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.68%	4.15%	0.00%	4.51%	7.11%	4.30%	6.07%	4.97%	4.23%	4.44%
Enterprise Value to Invested Capital (EV/IC)	3.73	3.28	2.73	3.81	2.60	2.43	2.32	2.34	1.86	1.77
Enterprise Value to Revenue (EV/Rev)	1.30	1.17	1.45	1.51	1.10	1.02	0.99	1.02	1.08	0.98
Enterprise Value to EBITDA (EV/EBITDA)	15.52	14.34	16.04	19.21	12.23	14.33	11.53	13.42	15.53	13.52
Enterprise Value to EBIT (EV/EBIT)	18.88	17.48	19.26	23.83	15.39	19.35	14.37	17.23	21.82	19.99
Enterprise Value to NOPAT (EV/NOPAT)	26.71	24.66	37.73	29.63	20.03	23.71	18.86	22.57	27.89	26.60
Enterprise Value to Operating Cash Flow (EV/OCF)	22.51	21.07	23.60	20.79	16.84	17.15	17.24	21.41	26.71	14.62
Enterprise Value to Free Cash Flow (EV/FCFF)	31.25	97.42	0.00	9.77	220.70	22.83	0.00	37.92	0.00	19.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.36	0.46	0.50	0.19	0.16	0.24	0.30	0.52	0.58
Long-Term Debt to Equity	0.14	0.21	0.25	0.25	0.16	0.12	0.23	0.28	0.44	0.43
Financial Leverage	0.08	0.15	0.25	0.13	0.03	0.03	0.06	0.15	0.29	0.42
Leverage Ratio	1.86	1.94	2.07	2.18	2.01	1.81	1.81	1.83	1.95	2.08
Compound Leverage Factor	1.82	1.89	1.95	1.96	1.92	1.71	1.76	1.76	1.73	1.72
Debt to Total Capital	19.10%	26.34%	31.30%	33.48%	16.19%	13.95%	19.61%	23.36%	34.05%	36.62%
Short-Term Debt to Total Capital	8.16%	10.88%	14.25%	16.56%	2.86%	3.66%	1.07%	1.79%	5.30%	9.25%
Long-Term Debt to Total Capital	10.94%	15.46%	17.05%	16.92%	13.33%	10.29%	18.55%	21.58%	28.76%	27.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	12.85%	13.30%	15.88%	15.41%	19.67%	19.24%	21.51%	20.10%	19.17%	18.92%
Common Equity to Total Capital	68.05%	60.36%	52.82%	51.11%	64.14%	66.82%	58.88%	56.54%	46.78%	44.46%
Debt to EBITDA	0.91	1.29	2.08	2.62	0.84	0.97	1.07	1.48	3.09	3.05
Net Debt to EBITDA	0.32	0.76	1.32	1.97	0.36	-0.12	0.56	0.87	2.35	2.37
Long-Term Debt to EBITDA	0.52	0.76	1.13	1.32	0.69	0.72	1.02	1.37	2.61	2.28
Debt to NOPAT	1.56	2.22	4.88	4.04	1.38	1.61	1.76	2.49	5.56	6.00
Net Debt to NOPAT	0.55	1.30	3.11	3.04	0.59	-0.20	0.92	1.46	4.22	4.66
Long-Term Debt to NOPAT	0.89	1.30	2.66	2.04	1.13	1.19	1.66	2.30	4.69	4.48
Altman Z-Score	5.37	5.07	3.69	3.54	4.35	4.01	4.24	4.25	3.16	3.07
Noncontrolling Interest Sharing Ratio	16.33%	16.97%	20.67%	23.14%	23.32%	22.88%	24.64%	26.49%	27.72%	29.45%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.50	1.44	1.44	1.30	1.58	1.66	1.67	1.79	1.67	1.42
Quick Ratio	0.61	0.57	0.60	0.38	0.66	0.81	0.68	0.70	0.76	0.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	443	139	-253	1,456	50	450	-403	340	-1,187	629
Operating Cash Flow to CapEx	858.63%	915.62%	874.17%	960.55%	858.17%	1,222.45%	898.73%	627.08%	340.14%	572.97%
Free Cash Flow to Firm to Interest Expense	17.05	4.36	-4.95	19.16	0.98	10.98	-14.91	9.71	-13.65	4.80
Operating Cash Flow to Interest Expense	23.67	20.15	10.68	9.01	12.88	14.61	26.30	17.20	5.75	6.47
Operating Cash Flow Less CapEx to Interest Expense	20.91	17.95	9.46	8.07	11.38	13.41	23.37	14.46	4.06	5.34
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.68	1.74	1.21	1.15	1.28	1.36	1.53	1.48	1.29	1.22
Accounts Receivable Turnover	9.02	9.32	6.40	7.00	8.27	7.58	8.62	8.74	7.47	7.58
Inventory Turnover	5.37	5.26	3.41	3.89	4.85	4.97	5.17	4.61	4.49	4.78
Fixed Asset Turnover	33.75	35.48	25.06	27.33	31.02	30.13	35.03	33.77	28.01	24.63
Accounts Payable Turnover	8.17	8.29	5.68	6.71	8.28	7.74	8.47	8.57	8.38	8.74
Days Sales Outstanding (DSO)	40.47	39.18	57.05	52.16	44.14	48.17	42.34	41.76	48.88	48.17
Days Inventory Outstanding (DIO)	67.94	69.45	107.05	93.94	75.29	73.50	70.55	79.16	81.32	76.42
Days Payable Outstanding (DPO)	44.69	44.02	64.24	54.38	44.10	47.13	43.07	42.60	43.56	41.78
Cash Conversion Cycle (CCC)	63.72	64.60	99.85	91.72	75.32	74.55	69.81	78.32	86.64	82.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,712	4,122	4,716	3,740	4,240	4,223	5,275	5,506	7,172	7,009
Invested Capital Turnover	2.89	2.95	2.01	2.23	2.50	2.39	2.61	2.35	1.95	1.79
Increase / (Decrease) in Invested Capital	75	410	594	-976	500	-17	1,052	231	1,666	-163
Enterprise Value (EV)	13,855	13,540	12,872	14,233	11,012	10,274	12,241	12,886	13,355	12,396
Market Capitalization	13,027	12,211	10,968	11,878	9,770	9,399	10,391	10,826	9,838	8,780
Book Value per Share	$34.78	$34.70	$17.91	$19.43	$20.43	$23.45	$24.70	$25.42	$28.13	$27.21
Tangible Book Value per Share	$4.63	$1.89	($1.02)	$3.31	($0.25)	$2.55	($0.70)	($0.25)	($8.74)	($12.17)
Total Capital	4,239	4,627	5,323	5,794	4,674	5,011	5,817	6,095	7,814	7,632
Total Debt	810	1,219	1,666	1,940	757	699	1,141	1,424	2,661	2,795
Total Long-Term Debt	464	715	908	980	623	516	1,079	1,315	2,247	2,089
Net Debt	283	714	1,059	1,463	323	-89	599	835	2,019	2,172
Capital Expenditures (CapEx)	72	70	62	71	76	49	79	96	147	148
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,358	1,463	1,841	1,859	1,216	1,270	1,481	1,756	2,048	1,764
Debt-free Net Working Capital (DFNWC)	1,430	1,526	2,015	1,916	1,322	1,692	1,599	1,873	2,219	1,886
Net Working Capital (NWC)	1,084	1,022	1,257	956	1,188	1,508	1,537	1,764	1,805	1,180
Net Nonoperating Expense (NNE)	-4.72	-7.32	-118	-82	-169	13	-11	4.87	43	68
Net Nonoperating Obligations (NNO)	283	714	1,059	-114	323	-89	599	835	2,019	2,172
Total Depreciation and Amortization (D&A)	159	170	134	144	185	186	210	212	248	297
Debt-free, Cash-free Net Working Capital to Revenue	12.78%	12.64%	20.72%	19.74%	12.18%	12.55%	11.94%	13.88%	16.60%	13.92%
Debt-free Net Working Capital to Revenue	13.45%	13.18%	22.69%	20.35%	13.24%	16.72%	12.89%	14.81%	17.98%	14.88%
Net Working Capital to Revenue	10.20%	8.83%	14.15%	10.16%	11.90%	14.91%	12.39%	13.95%	14.63%	9.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.70	$2.83	$4.51	$3.95	$3.18	$3.07
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	147.82M	142.50M	140.09M	136.06M	130.62M	126.79M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$4.65	$2.82	$4.45	$3.91	$3.16	$3.05
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	149.26M	143.40M	141.77M	137.76M	131.75M	127.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	143.39M	142.46M	137.17M	131.28M	128.51M	124.18M
Normalized Net Operating Profit after Tax (NOPAT)	543	582	344	555	561	459	655	671	541	549
Normalized NOPAT Margin	5.11%	5.03%	3.87%	5.89%	5.62%	4.54%	5.28%	5.31%	4.39%	4.33%
Pre Tax Income Margin	6.78%	6.53%	7.09%	5.70%	6.81%	4.94%	6.70%	5.70%	4.39%	4.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.22	24.28	13.09	7.86	14.08	12.95	31.56	21.37	7.03	4.73
NOPAT to Interest Expense	19.94	17.22	6.68	6.32	10.83	10.57	24.04	16.31	5.50	3.56
EBIT Less CapEx to Interest Expense	25.46	22.08	11.87	6.92	12.58	11.76	28.63	18.63	5.34	3.60
NOPAT Less CapEx to Interest Expense	17.19	15.02	5.46	5.38	9.32	9.37	21.11	13.57	3.81	2.43
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	22.05%	18.89%	3.28%	1.31%	-7.16%	1.90%	3.94%	3.71%	10.78%	13.57%
Augmented Payout Ratio	79.33%	117.74%	101.25%	36.89%	65.84%	24.05%	73.79%	96.11%	72.48%	174.37%

This table displays calculated financial ratios and metrics derived from Henry Schein's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.49%	1.20%	-3.74%	2.31%	3.10%	-10.50%	3.66%	1.16%	0.38%	5.77%
EBITDA Growth	0.38%	-52.12%	-24.41%	-4.40%	1.14%	-14.52%	-0.44%	-11.11%	-14.23%	117.92%
EBIT Growth	0.47%	-64.00%	-28.69%	-8.18%	-6.60%	-47.22%	-12.64%	-21.78%	-21.72%	307.89%
NOPAT Growth	2.42%	-64.70%	-28.35%	-5.91%	-4.42%	-33.98%	-15.72%	-23.90%	-24.72%	222.70%
Net Income Growth	-4.14%	-66.45%	-31.18%	-11.38%	-11.73%	-66.67%	-23.44%	-29.05%	-30.77%	464.71%
EPS Growth	-5.22%	-65.38%	-30.00%	-8.62%	-3.67%	-61.11%	-20.88%	-24.53%	-25.71%	435.71%
Operating Cash Flow Growth	-53.55%	-8.30%	-70.97%	74.52%	135.71%	-112.60%	629.63%	8.03%	-34.63%	737.50%
Free Cash Flow Firm Growth	4.90%	80.34%	-15.03%	-44.17%	-98.62%	-825.26%	-210.43%	-36.31%	52.40%	117.17%
Invested Capital Growth	12.58%	4.38%	10.25%	14.03%	19.19%	30.26%	23.56%	15.25%	8.31%	-2.27%
Revenue Q/Q Growth	1.22%	9.91%	-9.23%	1.31%	2.00%	-4.59%	5.14%	-1.13%	1.21%	0.54%
EBITDA Q/Q Growth	-3.30%	-53.03%	82.26%	15.49%	2.30%	-60.30%	112.26%	3.11%	-1.29%	0.87%
EBIT Q/Q Growth	-3.64%	-66.04%	141.67%	16.09%	-1.98%	-80.81%	300.00%	3.95%	-1.90%	0.00%
NOPAT Q/Q Growth	-1.73%	-66.48%	142.68%	17.70%	-0.17%	-76.85%	209.84%	6.28%	-1.26%	-0.75%
Net Income Q/Q Growth	-2.99%	-68.52%	150.98%	15.63%	-3.38%	-88.11%	476.47%	7.14%	-5.71%	-3.03%
EPS Q/Q Growth	-6.03%	-66.97%	152.78%	16.48%	-0.94%	-86.67%	414.29%	11.11%	-2.50%	-3.85%
Operating Cash Flow Q/Q Growth	-37.58%	159.18%	-89.37%	914.81%	-15.69%	-113.85%	715.63%	50.25%	-48.99%	35.10%
Free Cash Flow Firm Q/Q Growth	-10.33%	61.91%	-124.18%	-53.04%	-52.00%	-77.43%	24.79%	32.80%	46.92%	164.01%
Invested Capital Q/Q Growth	3.30%	-1.71%	3.12%	8.91%	7.97%	7.41%	-2.18%	1.58%	1.47%	-3.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.80%	29.64%	31.57%	31.45%	31.47%	30.63%	31.90%	32.46%	31.29%	31.12%
EBITDA Margin	8.61%	3.68%	7.39%	8.42%	8.44%	3.51%	7.09%	7.40%	7.21%	7.24%
Operating Margin	6.88%	2.14%	5.72%	6.48%	6.33%	1.29%	4.73%	5.07%	4.95%	4.86%
EBIT Margin	6.91%	2.14%	5.69%	6.52%	6.26%	1.26%	4.79%	5.04%	4.88%	4.86%
Profit (Net Income) Margin	5.28%	1.51%	4.18%	4.77%	4.52%	0.56%	3.09%	3.35%	3.12%	3.01%
Tax Burden Percent	79.02%	80.95%	78.53%	79.57%	79.89%	121.43%	77.17%	79.55%	77.34%	76.19%
Interest Burden Percent	96.70%	87.50%	93.68%	92.08%	90.40%	36.84%	83.55%	83.54%	82.58%	81.29%
Effective Tax Rate	22.44%	23.81%	23.93%	22.04%	21.79%	7.14%	25.20%	25.00%	25.00%	24.60%
Return on Invested Capital (ROIC)	12.72%	3.82%	10.07%	10.97%	10.23%	2.34%	6.94%	7.13%	6.67%	6.55%
ROIC Less NNEP Spread (ROIC-NNEP)	12.40%	3.28%	9.27%	10.00%	9.09%	0.99%	5.98%	6.27%	5.69%	5.55%
Return on Net Nonoperating Assets (RNNOA)	1.37%	0.50%	1.26%	1.82%	2.18%	0.29%	1.82%	2.07%	2.17%	2.33%
Return on Equity (ROE)	14.09%	4.32%	11.33%	12.79%	12.40%	2.62%	8.76%	9.20%	8.84%	8.87%
Cash Return on Invested Capital (CROIC)	0.86%	6.31%	-0.18%	-4.35%	-9.35%	-18.73%	-13.86%	-7.85%	-2.49%	8.87%
Operating Return on Assets (OROA)	10.28%	3.16%	8.37%	9.40%	8.67%	1.62%	6.38%	6.49%	5.98%	5.92%
Return on Assets (ROA)	7.86%	2.24%	6.16%	6.89%	6.26%	0.73%	4.11%	4.31%	3.82%	3.67%
Return on Common Equity (ROCE)	10.45%	3.18%	8.39%	9.32%	9.09%	1.90%	6.37%	6.50%	6.28%	6.26%
Return on Equity Simple (ROE_SIMPLE)	18.47%	0.00%	14.63%	13.74%	12.87%	0.00%	11.28%	10.34%	9.11%	0.00%
Net Operating Profit after Tax (NOPAT)	164	55	133	157	156	36	112	119	118	117
NOPAT Margin	5.34%	1.63%	4.35%	5.05%	4.95%	1.20%	3.54%	3.80%	3.71%	3.66%
Net Nonoperating Expense Percent (NNEP)	0.31%	0.54%	0.79%	0.97%	1.13%	1.35%	0.96%	0.86%	0.98%	1.00%
Return On Investment Capital (ROIC_SIMPLE)	-	0.99%	-	-	-	0.52%	-	-	-	1.71%
Cost of Revenue to Revenue	70.20%	70.36%	68.43%	68.55%	68.53%	69.37%	68.10%	67.54%	68.71%	68.88%
SG&A Expenses to Revenue	21.13%	22.57%	23.43%	22.81%	22.93%	26.75%	24.94%	24.90%	22.81%	23.13%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.92%	27.50%	25.85%	24.97%	25.14%	29.33%	27.18%	27.39%	26.34%	26.26%
Earnings before Interest and Taxes (EBIT)	212	72	174	202	198	38	152	158	155	155
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	264	124	226	261	267	106	225	232	229	231
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.54	3.14	3.08	2.98	2.66	2.69	2.73	2.34	2.65	2.59
Price to Tangible Book Value (P/TBV)	86.47	0.00	1,529.27	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.73	0.86	0.85	0.84	0.76	0.80	0.79	0.66	0.74	0.69
Price to Earnings (P/E)	14.37	20.12	22.40	23.20	21.79	23.65	25.29	23.32	29.55	22.51
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.96%	4.97%	4.47%	4.31%	4.59%	4.23%	3.95%	4.29%	3.38%	4.44%
Enterprise Value to Invested Capital (EV/IC)	1.99	2.34	2.27	2.14	1.91	1.86	1.89	1.66	1.80	1.77
Enterprise Value to Revenue (EV/Rev)	0.89	1.02	1.03	1.05	1.00	1.08	1.06	0.95	1.04	0.98
Enterprise Value to EBITDA (EV/EBITDA)	10.19	13.42	14.56	15.14	14.49	15.53	15.40	14.24	16.42	13.52
Enterprise Value to EBIT (EV/EBIT)	12.74	17.23	19.04	20.07	19.69	21.82	22.42	21.65	25.86	19.99
Enterprise Value to NOPAT (EV/NOPAT)	16.62	22.57	24.91	26.06	25.39	27.89	28.87	28.10	34.09	26.60
Enterprise Value to Operating Cash Flow (EV/OCF)	17.85	21.41	24.09	20.29	16.19	26.71	19.74	17.09	21.25	14.62
Enterprise Value to Free Cash Flow (EV/FCFF)	246.48	37.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.71
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.27	0.30	0.34	0.36	0.43	0.52	0.52	0.55	0.59	0.58
Long-Term Debt to Equity	0.25	0.28	0.28	0.28	0.42	0.44	0.45	0.43	0.44	0.43
Financial Leverage	0.11	0.15	0.14	0.18	0.24	0.29	0.30	0.33	0.38	0.42
Leverage Ratio	1.78	1.83	1.79	1.78	1.85	1.95	1.92	1.94	2.03	2.08
Compound Leverage Factor	1.72	1.60	1.67	1.64	1.67	0.72	1.61	1.62	1.67	1.69
Debt to Total Capital	21.49%	23.36%	25.24%	26.53%	30.26%	34.05%	34.42%	35.57%	36.96%	36.62%
Short-Term Debt to Total Capital	1.81%	1.79%	4.63%	5.74%	1.15%	5.30%	4.78%	7.87%	9.47%	9.25%
Long-Term Debt to Total Capital	19.68%	21.58%	20.61%	20.80%	29.11%	28.76%	29.64%	27.71%	27.49%	27.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	19.55%	20.10%	19.50%	21.22%	19.83%	19.17%	18.69%	19.21%	18.62%	18.92%
Common Equity to Total Capital	58.96%	56.54%	55.26%	52.25%	49.92%	46.78%	46.89%	45.22%	44.42%	44.46%
Debt to EBITDA	1.20	1.48	1.79	2.07	2.52	3.09	3.08	3.33	3.68	3.05
Net Debt to EBITDA	0.73	0.87	1.11	1.35	1.80	2.35	2.31	2.56	2.85	2.37
Long-Term Debt to EBITDA	1.10	1.37	1.46	1.62	2.42	2.61	2.65	2.59	2.74	2.28
Debt to NOPAT	1.96	2.49	3.06	3.56	4.42	5.56	5.77	6.57	7.64	6.00
Net Debt to NOPAT	1.18	1.46	1.89	2.32	3.15	4.22	4.32	5.05	5.93	4.66
Long-Term Debt to NOPAT	1.79	2.30	2.50	2.79	4.25	4.69	4.97	5.12	5.68	4.48
Altman Z-Score	3.93	3.99	4.04	3.78	3.40	2.98	3.16	2.89	2.85	2.92
Noncontrolling Interest Sharing Ratio	25.79%	26.49%	25.91%	27.14%	26.71%	27.72%	27.33%	29.35%	28.97%	29.45%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.84	1.79	1.82	1.72	1.97	1.67	1.75	1.55	1.42	1.42
Quick Ratio	0.76	0.70	0.73	0.71	0.83	0.76	0.77	0.67	0.61	0.57
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-462	-176	-395	-604	-919	-1,630	-1,226	-824	-437	280
Operating Cash Flow to CapEx	408.33%	875.86%	87.10%	740.54%	577.50%	-82.05%	480.49%	800.00%	444.12%	566.67%
Free Cash Flow to Firm to Interest Expense	-57.81	-14.68	-28.21	-31.81	-36.74	-56.20	-40.86	-25.74	-12.86	8.00
Operating Cash Flow to Interest Expense	12.25	21.17	1.93	14.42	9.24	-1.10	6.57	9.25	4.44	5.83
Operating Cash Flow Less CapEx to Interest Expense	9.25	18.75	-0.29	12.47	7.64	-2.45	5.20	8.09	3.44	4.80
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.49	1.48	1.47	1.44	1.38	1.29	1.33	1.29	1.22	1.22
Accounts Receivable Turnover	8.24	8.74	8.60	8.76	8.24	7.47	8.00	8.25	7.73	7.58
Inventory Turnover	4.88	4.61	4.59	4.77	4.80	4.49	4.74	4.88	4.77	4.78
Fixed Asset Turnover	0.00	33.77	33.23	31.69	30.66	28.01	27.79	26.10	24.65	24.63
Accounts Payable Turnover	8.73	8.57	9.84	10.18	9.17	8.38	9.85	10.14	8.64	8.74
Days Sales Outstanding (DSO)	44.28	41.76	42.45	41.68	44.28	48.88	45.64	44.24	47.21	48.17
Days Inventory Outstanding (DIO)	74.74	79.16	79.45	76.51	76.08	81.32	76.98	74.82	76.56	76.42
Days Payable Outstanding (DPO)	41.79	42.60	37.09	35.86	39.80	43.56	37.04	36.00	42.24	41.78
Cash Conversion Cycle (CCC)	77.23	78.32	84.80	82.34	80.56	86.64	85.59	83.06	81.52	82.81
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,602	5,506	5,678	6,184	6,677	7,172	7,016	7,127	7,232	7,009
Invested Capital Turnover	2.38	2.35	2.31	2.17	2.07	1.95	1.96	1.88	1.80	1.79
Increase / (Decrease) in Invested Capital	626	231	528	761	1,075	1,666	1,338	943	555	-163
Enterprise Value (EV)	11,157	12,886	12,911	13,248	12,722	13,355	13,229	11,823	13,007	12,396
Market Capitalization	9,166	10,826	10,705	10,624	9,696	9,838	9,813	8,208	9,278	8,780
Book Value per Share	$26.53	$25.42	$26.45	$27.17	$27.96	$28.13	$27.97	$27.43	$27.65	$27.21
Tangible Book Value per Share	$0.78	($0.25)	$0.05	($3.46)	($5.96)	($8.74)	($8.93)	($11.51)	($12.49)	($12.17)
Total Capital	6,124	6,095	6,283	6,814	7,314	7,814	7,678	7,767	7,886	7,632
Total Debt	1,316	1,424	1,586	1,808	2,213	2,661	2,643	2,763	2,915	2,795
Total Long-Term Debt	1,205	1,315	1,295	1,417	2,129	2,247	2,276	2,152	2,168	2,089
Net Debt	794	835	981	1,178	1,576	2,019	1,981	2,123	2,261	2,172
Capital Expenditures (CapEx)	24	29	31	37	40	39	41	37	34	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,799	1,756	1,945	1,889	1,938	2,048	1,952	1,865	1,839	1,764
Debt-free Net Working Capital (DFNWC)	1,922	1,873	2,071	2,026	2,104	2,219	2,111	2,003	1,965	1,886
Net Working Capital (NWC)	1,811	1,764	1,780	1,635	2,020	1,805	1,744	1,392	1,218	1,180
Net Nonoperating Expense (NNE)	1.65	3.86	5.13	8.69	13	19	14	14	19	21
Net Nonoperating Obligations (NNO)	794	835	981	1,178	1,576	2,019	1,981	2,123	2,261	2,172
Total Depreciation and Amortization (D&A)	52	52	52	59	69	68	73	74	74	76
Debt-free, Cash-free Net Working Capital to Revenue	14.27%	13.88%	15.53%	14.99%	15.27%	16.60%	15.68%	14.94%	14.71%	13.92%
Debt-free Net Working Capital to Revenue	15.25%	14.81%	16.53%	16.08%	16.58%	17.98%	16.95%	16.04%	15.72%	14.88%
Net Working Capital to Revenue	14.37%	13.95%	14.21%	12.98%	15.91%	14.63%	14.01%	11.15%	9.74%	9.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.10	$0.37	$0.92	$1.07	$1.06	$0.13	$0.72	$0.81	$0.79	$0.75
Adjusted Weighted Average Basic Shares Outstanding	135.61M	136.06M	131.37M	130.91M	130.39M	130.62M	128.72M	127.78M	126.12M	126.79M
Adjusted Diluted Earnings per Share	$1.09	$0.36	$0.91	$1.06	$1.05	$0.14	$0.72	$0.80	$0.78	$0.75
Adjusted Weighted Average Diluted Shares Outstanding	137.08M	137.76M	133.04M	131.87M	131.44M	131.75M	129.77M	128.65M	127.05M	127.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	135.55M	131.28M	131.00M	130.58M	129.94M	128.51M	128.05M	126.71M	124.68M	124.18M
Normalized Net Operating Profit after Tax (NOPAT)	171	147	156	171	165	56	120	131	154	145
Normalized NOPAT Margin	5.59%	4.36%	5.10%	5.51%	5.22%	1.85%	3.77%	4.16%	4.84%	4.54%
Pre Tax Income Margin	6.68%	1.87%	5.33%	6.00%	5.66%	0.46%	4.00%	4.21%	4.03%	3.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	26.50	6.00	12.43	10.63	7.92	1.31	5.07	4.94	4.56	4.43
NOPAT to Interest Expense	20.46	4.57	9.51	8.25	6.26	1.25	3.74	3.73	3.46	3.34
EBIT Less CapEx to Interest Expense	23.50	3.58	10.21	8.68	6.32	-0.03	3.70	3.78	3.56	3.40
NOPAT Less CapEx to Interest Expense	17.46	2.15	7.29	6.30	4.66	-0.10	2.37	2.57	2.46	2.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	5.25%	3.71%	3.94%	3.07%	9.36%	10.78%	12.07%	19.01%	13.17%	13.57%
Augmented Payout Ratio	71.66%	96.11%	126.18%	116.97%	117.66%	72.48%	93.35%	154.55%	205.96%	174.37%

Frequently Asked Questions About Henry Schein's Financials

When does Henry Schein's fiscal year end?

According to the most recent income statement we have on file, Henry Schein's financial year ends in December. Their financial year 2024 ended on December 28, 2024.

How has Henry Schein's net income changed over the last 9 years?

Henry Schein's net income were at $398 million at the end of 2024, a 8.7% decrease from 2023, and a 24.0% decrease since 2015.

What is Henry Schein's operating income?

Henry Schein's total operating income in 2024 was $621 million, based on the following breakdown:

Total Gross Profit: $4.02 billion
Total Operating Expenses: $3.40 billion

How has Henry Schein revenue changed over the last 9 years?

Over the last 9 years, Henry Schein's total revenue changed from $10.63 billion in 2015 to $12.67 billion in 2024, a change of 19.2%.

How much debt does Henry Schein have?

Henry Schein's total liabilities were at $5.38 billion at the end of 2024, a 0.7% decrease from 2023, and a 75.0% increase since 2015.

How much cash does Henry Schein have?

In the past 9 years, Henry Schein's cash and equivalents has ranged from $56.89 million in 2018 to $421.19 million in 2020, and is currently $122 million as of their latest financial filing in 2024.

How has Henry Schein's book value per share changed over the last 9 years?

Over the last 9 years, Henry Schein's book value per share changed from 34.78 in 2015 to 27.21 in 2024, a change of -21.8%.

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This page (NASDAQ:HSIC) was last updated on 4/26/2025 by MarketBeat.com Staff

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Henry Schein (HSIC) Financials

Frequently Asked Questions About Henry Schein's Financials

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Henry Schein (HSIC) Financials

Annual Income Statements for Henry Schein

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