Filing Flows › Henry Schein (HSIC) › Q3 2025
Henry Schein (HSIC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Henry Schein (HSIC) reported revenue of $3.3B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was 4.9%, net earnings $101M (3.0% of revenue).
Henry Schein, Q3 2025: revenue $3.3B (+5% year over year), operating margin 4.9%, net earnings $101M, operating cash flow $174M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +3% | +5% |
| Gross profit | $1.0B | +1% | +3% |
| Operating profit | $164M | +9% | +4% |
| Net earnings | $101M | +17% | +2% |
| Operating cash flow | $174M | +45% | +15% |
| Free cash flow | $141M | +60% | +21% |
What changed
Revenue was $3.3B in Q3 2025, up 5% year over year and up 3% from the previous quarter. Global Distribution and Value-Added Services was the largest line at 85% of revenue. Global Distribution and Value-Added Services added $0.13B year over year (up 5%), 78% of the total change.
Gross margin was 30.7%, down 0.6 points from a year earlier. Operating profit was $0.16B, a 4.9% margin (unchanged year over year). Of the extra revenue versus a year earlier, 4% reached operating profit, below the 5% margin then. Operating expenses grew 3% against revenue growth of 5%. Net earnings were $0.10B, up 2% year over year. The effective tax rate was 20.4%.
Operating cash flow was $0.17B (up 15% year over year), 160% 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 $0.03B. Capital expenditures of $0.03B left free cash flow of $0.14B.
Questions
What was Henry Schein's revenue in the third quarter 2025?
Henry Schein (HSIC) reported revenue of $3.3B for the third quarter 2025 (Q3 2025), +5% from a year earlier and +3% from the quarter before.
Was Henry Schein profitable in the third quarter 2025?
Operating profit was $164M (4.9% of revenue) and net earnings $101M.
Source: Henry Schein 10-Q on SEC EDGAR.