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Henry Schein (HSIC) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Healthcare•Medical Distribution
C
AverageMetricSide Score: 53/100
ProfitabilityProfit15/30
GrowthGrowth12/25
Balance SheetBalance11/25
Cash QualityCash15/20
Price & Volume
Market Cap $9.93B

Henry Schein, Inc. provides health care products and services to office-based dental and medical practitioners worldwide. It operates through Global Distribution and Value-Added Services; Global Specialty Products; and Global Technology segments. The Global Distribution and Value-Added Services segment distributes infection-control products, handpieces, preventatives, impression materials, composites, anesthetics, teeth, gypsum, acrylics, articulators, abrasives, PPE products, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, dental chairs, delivery units and lights, digital dental laboratories, X-ray supplies and equipment, and high-tech and digital restoration equipment, as well as provides equipment repair services, financial services on a non-recourse basis, continuing education services for practitioners, consulting, and other services. It also markets and sells a portfolio of consumable merchandise under its own corporate brand. The Global Specialty Products segment engage in manufacturing, marketing, and sales of dental implant and biomaterial products; and endodontic, orthodontic and orthopedic products, and other health care-related products and services. The Global Technology segment is involved in the development and distribution of practice management software, e-services, and other products which are distributed to health care providers. The company serves dental practices, laboratories, physician practices, and ambulatory surgery centers, as well as government, institutional health care clinics, home health providers, and other alternate care clinics. Henry Schein, Inc. was founded in 1932 and is headquartered in Melville, New York.

Moat Signals

Competitive analysis based on 56 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~5.0% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Moderate Moat

ROE is positive at ~11.3% on average, adequate but below the threshold typically associated with wide moats.

Cash Generation

Moderate Moat

7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Strong Moat

TTM revenue has grown consistently (6 of 7 quarters up), with ~7.2% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 56 quarters

Low Risk

Margin Pressure

Healthy

Margins are stable or improving at ~4.9% — no sign of cost or pricing stress.

Earnings Quality

Healthy

FCF covers net income by 1.3x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

D/E ratio is 0.7 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 10.1% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$13.38B
5.6%
Q. Revenue
$3.37B
TTM EBITDA
$928.00M
3.3%
TTM Op. Income
$660.00M
2.2%
Q. Op. Income
$182.00M
TTM Net Income
$395.00M
2.9%
Q. Net Income
$107.00M
EPS
$0.93
Shares Out.
$114.94M
7.1%
$13.38B in TTM revenue grew 5.6% YoY, reaching $3.37B last quarter. TTM EBITDA of $928.00M and TTM operating income of $660.00M shows growth is flowing through. Net income of $395.00M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
31.8%
0.6%
EBITDA Margin
7.4%
Op. Margin
5.4%
2.2%
Net Margin
3.2%
8.5%
Op. margin of 5.4% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 3.2% and gross margin of 31.8% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
25.1x
P/S Ratio
0.7x
P/B Ratio
3.0x
At 25.1x P/E, the stock trades in line with market averages — fairly valued. P/S of 0.7x and P/B of 3.0x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$11.30B
Cash
$138.00M
Long-Term Debt
$2.33B
Book Value
$3.27B
D/E Ratio
0.7
Debt/EBITDA
9.3
With $11.30B in assets and $2.33B in long-term debt, the D/E of 0.7and book value of $3.27B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-97.00M
Free Cash Flow
$-122.00M
2133.3%
FCF Margin
-0.9%
FCF / Net Income
-1.1
FCF of $-122.00M on $-97.00M in operating cash flow. The FCF / Net Income ratio of -0.3x shows cash consumption — the business is not yet self-funding.

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