Filing Flows › Henry Schein (HSIC) › Q4 2025
Henry Schein (HSIC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Henry Schein (HSIC) reported revenue of $3.4B for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +3% from the quarter before. Operating margin was 4.7%, net earnings $101M (2.9% of revenue).
Henry Schein, Q4 2025: revenue $3.4B (+8% year over year), operating margin 4.7%, net earnings $101M, operating cash flow $381M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | +3% | +8% |
| Gross profit | $1.1B | +4% | +7% |
| Operating profit | $163M | -0.6% | +5% |
| Net earnings | $101M | 0% | +7% |
| Operating cash flow | $381M | +119% | +87% |
| Free cash flow | $338M | +140% | +101% |
What changed
Revenue was $3.4B in Q4 2025, up 8% year over year and up 3% from the previous quarter. Global Distribution and Value-Added Services was the largest line at 84% of revenue.
Gross margin was 30.9%, down 0.2 points from a year earlier. Operating profit was $0.16B, a 4.7% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, below the 5% margin then. Operating expenses grew 7% against revenue growth of 8%. Net earnings were $0.10B, up 7% year over year. The effective tax rate was 23.7%.
Operating cash flow was $0.38B (up 87% year over year), 370% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.19B. Capital expenditures of $0.04B left free cash flow of $0.34B.
Questions
What was Henry Schein's revenue in the fourth quarter 2025?
Henry Schein (HSIC) reported revenue of $3.4B for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +3% from the quarter before.
Was Henry Schein profitable in the fourth quarter 2025?
Operating profit was $163M (4.7% of revenue) and net earnings $101M.
Source: Henry Schein 10-K on SEC EDGAR.