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Side-by-side financial comparison of Henry Schein (HSIC) and PNC Financial Services (PNC). Click either name above to swap in a different company.
PNC Financial Services is the larger business by last-quarter revenue ($6.1B vs $3.4B, roughly 1.8× Henry Schein). PNC Financial Services runs the higher net margin — 33.5% vs 2.9%, a 30.5% gap on every dollar of revenue. On growth, PNC Financial Services posted the faster year-over-year revenue change (9.1% vs 7.7%). Over the past eight quarters, PNC Financial Services's revenue compounded faster (8.6% CAGR vs 4.1%).
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.
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.
HSIC vs PNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.4B | $6.1B |
| Net Profit | $101.0M | $2.0B |
| Gross Margin | 30.9% | — |
| Operating Margin | 4.7% | 38.4% |
| Net Margin | 2.9% | 33.5% |
| Revenue YoY | 7.7% | 9.1% |
| Net Profit YoY | 7.4% | 25.0% |
| EPS (diluted) | $0.85 | $4.88 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $3.4B | $6.1B | ||
| Q3 25 | $3.3B | $5.9B | ||
| Q2 25 | $3.2B | $5.7B | ||
| Q1 25 | $3.2B | $5.5B | ||
| Q4 24 | $3.2B | $5.6B | ||
| Q3 24 | $3.2B | $5.4B | ||
| Q2 24 | $3.1B | $5.4B | ||
| Q1 24 | $3.2B | $5.1B |
| Q4 25 | $101.0M | $2.0B | ||
| Q3 25 | $101.0M | $1.8B | ||
| Q2 25 | $86.0M | $1.6B | ||
| Q1 25 | $110.0M | $1.5B | ||
| Q4 24 | $94.0M | $1.6B | ||
| Q3 24 | $99.0M | $1.5B | ||
| Q2 24 | $104.0M | $1.5B | ||
| Q1 24 | $93.0M | $1.3B |
| Q4 25 | 30.9% | — | ||
| Q3 25 | 30.7% | — | ||
| Q2 25 | 31.4% | — | ||
| Q1 25 | 31.6% | — | ||
| Q4 24 | 31.1% | — | ||
| Q3 24 | 31.3% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 31.9% | — |
| Q4 25 | 4.7% | 38.4% | ||
| Q3 25 | 4.9% | 38.7% | ||
| Q2 25 | 4.7% | 35.8% | ||
| Q1 25 | 5.5% | 33.9% | ||
| Q4 24 | 4.9% | 34.2% | ||
| Q3 24 | 4.9% | 34.3% | ||
| Q2 24 | 5.1% | 33.6% | ||
| Q1 24 | 4.7% | 32.2% |
| Q4 25 | 2.9% | 33.5% | ||
| Q3 25 | 3.0% | 30.8% | ||
| Q2 25 | 2.7% | 29.0% | ||
| Q1 25 | 3.5% | 27.5% | ||
| Q4 24 | 2.9% | 29.2% | ||
| Q3 24 | 3.1% | 27.7% | ||
| Q2 24 | 3.3% | 27.3% | ||
| Q1 24 | 2.9% | 26.1% |
| Q4 25 | $0.85 | $4.88 | ||
| Q3 25 | $0.84 | $4.35 | ||
| Q2 25 | $0.70 | $3.85 | ||
| Q1 25 | $0.88 | $3.51 | ||
| Q4 24 | $0.75 | $3.76 | ||
| Q3 24 | $0.78 | $3.49 | ||
| Q2 24 | $0.80 | $3.39 | ||
| Q1 24 | $0.72 | $3.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $156.0M | — |
| Total DebtLower is stronger | $2.3B | $57.1B |
| Stockholders' EquityBook value | $3.2B | $60.6B |
| Total Assets | $11.2B | $573.6B |
| Debt / EquityLower = less leverage | 0.71× | 0.94× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.0M | — | ||
| Q3 25 | $136.0M | — | ||
| Q2 25 | $145.0M | — | ||
| Q1 25 | $127.0M | — | ||
| Q4 24 | $122.0M | — | ||
| Q3 24 | $126.0M | — | ||
| Q2 24 | $138.0M | — | ||
| Q1 24 | $159.0M | — |
| Q4 25 | $2.3B | $57.1B | ||
| Q3 25 | $2.2B | $62.3B | ||
| Q2 25 | $2.1B | $60.4B | ||
| Q1 25 | $2.0B | $60.7B | ||
| Q4 24 | $1.8B | $61.7B | ||
| Q3 24 | $1.9B | $68.1B | ||
| Q2 24 | $1.9B | $71.4B | ||
| Q1 24 | $2.0B | $72.7B |
| Q4 25 | $3.2B | $60.6B | ||
| Q3 25 | $3.4B | $59.0B | ||
| Q2 25 | $3.4B | $57.6B | ||
| Q1 25 | $3.3B | $56.4B | ||
| Q4 24 | $3.4B | $54.4B | ||
| Q3 24 | $3.5B | $55.7B | ||
| Q2 24 | $3.5B | $52.6B | ||
| Q1 24 | $3.6B | $51.3B |
| Q4 25 | $11.2B | $573.6B | ||
| Q3 25 | $11.1B | $568.8B | ||
| Q2 25 | $10.9B | $559.1B | ||
| Q1 25 | $10.5B | $554.7B | ||
| Q4 24 | $10.2B | $560.0B | ||
| Q3 24 | $10.6B | $564.9B | ||
| Q2 24 | $10.3B | $556.5B | ||
| Q1 24 | $10.1B | $566.2B |
| Q4 25 | 0.71× | 0.94× | ||
| Q3 25 | 0.64× | 1.06× | ||
| Q2 25 | 0.61× | 1.05× | ||
| Q1 25 | 0.59× | 1.08× | ||
| Q4 24 | 0.54× | 1.13× | ||
| Q3 24 | 0.54× | 1.22× | ||
| Q2 24 | 0.54× | 1.36× | ||
| Q1 24 | 0.56× | 1.42× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $381.0M | $757.0M |
| Free Cash FlowOCF − Capex | $338.0M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 3.77× | 0.37× |
| TTM Free Cash FlowTrailing 4 quarters | $573.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $381.0M | $757.0M | ||
| Q3 25 | $174.0M | $2.7B | ||
| Q2 25 | $120.0M | $1.5B | ||
| Q1 25 | $37.0M | $-509.0M | ||
| Q4 24 | $204.0M | $1.8B | ||
| Q3 24 | $151.0M | $3.3B | ||
| Q2 24 | $296.0M | $1.0B | ||
| Q1 24 | $197.0M | $1.8B |
| Q4 25 | $338.0M | — | ||
| Q3 25 | $141.0M | — | ||
| Q2 25 | $88.0M | — | ||
| Q1 25 | $6.0M | — | ||
| Q4 24 | $168.0M | — | ||
| Q3 24 | $117.0M | — | ||
| Q2 24 | $259.0M | — | ||
| Q1 24 | $156.0M | — |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 4.9% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | 3.77× | 0.37× | ||
| Q3 25 | 1.72× | 1.46× | ||
| Q2 25 | 1.40× | 0.90× | ||
| Q1 25 | 0.34× | -0.34× | ||
| Q4 24 | 2.17× | 1.11× | ||
| Q3 24 | 1.53× | 2.18× | ||
| Q2 24 | 2.85× | 0.70× | ||
| Q1 24 | 2.12× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSIC
| Global Dental Merchandise | $1.2B | 35% |
| Global Medical | $1.1B | 31% |
| Global Dental Equipment | $536.0M | 16% |
| Global Specialty Products | $422.0M | 12% |
| Global Technology | $173.0M | 5% |
| Global Value Added Services | $64.0M | 2% |
| Equity Method Investee | $14.0M | 0% |
PNC
| Corporate Institutional Banking Segment | $3.0B | 50% |
| Other | $2.5B | 42% |
| Interchange Fees | $181.0M | 3% |
| Asset Management Fees And Brokerage Fees | $155.0M | 3% |
| Net Credit Card Fees | $59.0M | 1% |
| Merchant Fees | $32.0M | 1% |
| Commercial And Residential Mortgage Banking Fees | $25.0M | 0% |
| Cash And Cash Management Fees Other | $20.0M | 0% |
| Lending And Deposit Services Other | $18.0M | 0% |
| Treasury Management Fees | $10.0M | 0% |
