HSICHENRY SCHEIN INC
Wholesale-Medical, Dental & Hospital Equipment & Supplies
- Revenue
- $13.2B
- 4.0% YoY
- Operating margin
- 5.0%
- 1.1% YoY
- EBITDA
- $964M
- 5.0% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.3×
- $2.2B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear170% of net incomeCash flow under 80% of net income
- Dilutive SBCClear0% of revenueOver 10% of revenue
- Payouts exceed cash flowFired119% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear38% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $12.4B | $12.6B | $12.3B | $12.7B | $13.2B | 4.0% |
| Operating income | $852M | $747M | $615M | $621M | $653M | 5.2% |
| Net income | $660M | $566M | $436M | $398M | $419M | 5.3% |
| Operating cash flow | $710M | $602M | $500M | $848M | $712M | 16% |
| Capex | $79M | $96M | $147M | $148M | $139M | 6.1% |
| Stock-based comp | $78M | $54M | $39M | $39M | $39M | 0.0% |
| Buybacks | $401M | $485M | $250M | $385M | $850M | 121% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $453K · 2
- Net
- −$453K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $12M | $10M | 116 | 144 |
| FY2024 | $12M | $8M | 107 | 126 |
| FY2023 | $10M | $5M | 115 | 122 |
| FY2022 | $8M | $10M | 121 | 120 |
| FY2021 | $11M | $28M | 114 | 124 |