Henry ScheinHSICEarnings & Financial Report
Henry Schein, Inc. is an American distributor of health care products and services, with operations in 33 countries and territories. It is the world’s largest provider of health care solutions to office-based dental and medical practitioners. For 14 consecutive years, the company has been named as one of the World's Most Ethical Companies by Ethisphere, most recently in 2025.
Revenue
$3.3B
Gross Profit
$1.0B
Operating Profit
$164.0M
Net Profit
$101.0M
Gross Margin
30.7%
Operating Margin
4.9%
Net Margin
3.0%
YoY Growth
5.2%
EPS
$0.84
Henry Schein Q3 FY2025 Financial Summary
Henry Schein reported revenue of $3.3B (up 5.2% YoY) for Q3 FY2025, with a net profit of $101.0M (up 2.0% YoY) (3.0% margin). Cost of goods sold was $2.3B, operating expenses totaled $862.0M.
Key Financial Metrics
| Total Revenue | $3.3B |
|---|---|
| Net Profit | $101.0M |
| Gross Margin | 30.7% |
| Operating Margin | 4.9% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Henry Schein Q3 FY2025 revenue of $3.3B breaks down across 7 segments, led by Global Dental Merchandise at $1.2B (36.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Global Dental Merchandise | $1.2B | 36.2% |
| Global Medical | $1.1B | 33.7% |
| Global Dental Equipment | $440.0M | 13.2% |
| Global Specialty Products | $369.0M | 11.1% |
| Global Technology | $173.0M | 5.2% |
| Global Value Added Services | $64.0M | 1.9% |
| Equity Method Investee | $14.0M | 0.4% |
Henry Schein Revenue by Segment — Quarterly Trend
Henry Schein revenue by segment across the last 4 reported quarters, showing how each business line (such as Global Dental Merchandise and Global Medical) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Global Dental Merchandise | $1.2B | $1.2B | $1.2B | $1.2B |
| Global Medical | $1.1B | $1.1B | $1.0B | $1.1B |
| Global Dental Equipment | $536.0M | $440.0M | $439.0M | $384.0M |
| Global Specialty Products | $422.0M | $369.0M | $386.0M | $367.0M |
| Global Technology | $173.0M | $173.0M | $167.0M | $162.0M |
Henry Schein Annual Revenue by Year
Henry Schein annual revenue history includes year-by-year totals (for example, 2025 revenue was $13.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $13.2B |
| 2024 | $12.7B |
| 2022 | $12.6B |
Henry Schein Quarterly Revenue & Net Profit History
Henry Schein results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $3.4B | +7.7% | $101.0M | 2.9% |
| Q3 FY2025 | $3.3B | +5.2% | $101.0M | 3.0% |
| Q2 FY2025 | $3.2B | +3.3% | $86.0M | 2.7% |
| Q1 FY2025 | $3.2B | -0.1% | $110.0M | 3.5% |
| Q4 FY2024 | $3.2B | +5.8% | $94.0M | 2.9% |
| Q3 FY2024 | $3.2B | +0.4% | $99.0M | 3.1% |
| Q2 FY2024 | $3.1B | +2.5% | $104.0M | 3.3% |
| Q1 FY2024 | $3.2B | — | $93.0M | 2.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.17B | $3.14B | $3.17B | $3.19B | $3.17B | $3.24B | $3.34B | $3.44B |
| YoY Growth | N/A | 2.5% | 0.4% | 5.8% | -0.1% | 3.3% | 5.2% | 7.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $10.14B | $10.25B | $10.61B | $10.22B | $10.48B | $10.91B | $11.10B | $11.21B |
| Liabilities | $5.11B | $5.25B | $5.63B | $5.38B | $5.76B | $6.01B | $6.20B | $6.42B |
| Equity | $3.60B | $3.51B | $3.50B | $3.39B | $3.31B | $3.44B | $3.36B | $3.25B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $197.0M | $296.0M | $151.0M | $204.0M | $37.0M | $120.0M | $174.0M | $381.0M |