Filing Flows › Henry Schein (HSIC) › Q1 2025
Henry Schein (HSIC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Henry Schein (HSIC) reported revenue of $3.2B for the first quarter 2025 (Q1 2025), -0.1% from a year earlier and -0.7% from the quarter before. Operating margin was 5.5%, net earnings $110M (3.5% of revenue).
Henry Schein, Q1 2025: revenue $3.2B (-0.1% year over year), operating margin 5.5%, net earnings $110M, operating cash flow $37.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | -0.7% | -0.1% |
| Gross profit | $1.0B | +0.7% | -1% |
| Operating profit | $175M | +13% | +17% |
| Net earnings | $110M | +17% | +18% |
| Operating cash flow | $37.0M | -82% | -81% |
| Free cash flow | $6.0M | -96% | -96% |
What changed
Revenue was $3.2B in Q1 2025, roughly flat year over year and down 1% from the previous quarter. Global Distribution and Value-Added Services was the largest line at 84% of revenue. Global Distribution and Value-Added Services lost $0.01B year over year (roughly flat), 325% of the total change.
Gross margin was 31.6%, down 0.3 points from a year earlier. Operating profit was $0.17B, a 5.5% margin (up 0.8 points year over year). Operating expenses fell 4% while revenue was flat. The fastest-growing cost line was Other operating costs (+23%). Net earnings were $0.11B, up 18% year over year. The effective tax rate was 23.6%.
Operating cash flow was $0.04B (down 81% year over year), 33% of net income including minority interests. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.03B left free cash flow of $0.01B.
Questions
What was Henry Schein's revenue in the first quarter 2025?
Henry Schein (HSIC) reported revenue of $3.2B for the first quarter 2025 (Q1 2025), -0.1% from a year earlier and -0.7% from the quarter before.
Was Henry Schein profitable in the first quarter 2025?
Operating profit was $175M (5.5% of revenue) and net earnings $110M.
Source: Henry Schein 10-Q on SEC EDGAR.