Filing Flows › Henry Schein (HSIC) › Q2 2025
Henry Schein (HSIC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Henry Schein (HSIC) reported revenue of $3.2B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +2% from the quarter before. Operating margin was 4.7%, net earnings $86.0M (2.7% of revenue).
Henry Schein, Q2 2025: revenue $3.2B (+3% year over year), operating margin 4.7%, net earnings $86.0M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +2% | +3% |
| Gross profit | $1.0B | +2% | -0.2% |
| Operating profit | $151M | -14% | -5% |
| Net earnings | $86.0M | -22% | -17% |
| Operating cash flow | $120M | +224% | -59% |
| Free cash flow | $88.0M | 15× | -66% |
What changed
Revenue was $3.2B in Q2 2025, up 3% year over year and up 2% from the previous quarter. Global Distribution and Value-Added Services was the largest line at 84% of revenue. Global Distribution and Value-Added Services added $0.09B year over year (up 3%), 83% of the total change.
Gross margin was 31.4%, down 1.1 points from a year earlier. Operating profit was $0.15B, a 4.7% margin (down 0.4 points year over year). Operating profit fell $0.01B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Operating expenses grew 1% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.09B, down 17% year over year. The effective tax rate was 24.8%.
Operating cash flow was $0.12B (down 59% year over year), 128% of net income including minority interests. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.03B left free cash flow of $0.09B.
Questions
What was Henry Schein's revenue in the second quarter 2025?
Henry Schein (HSIC) reported revenue of $3.2B for the second quarter 2025 (Q2 2025), +3% from a year earlier and +2% from the quarter before.
Was Henry Schein profitable in the second quarter 2025?
Operating profit was $151M (4.7% of revenue) and net earnings $86.0M.
Source: Henry Schein 10-Q on SEC EDGAR.