Medline Inc.
MDLN· Nasdaq· Surgical & Medical Instruments & Apparatus
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 4.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- –
We record prices for the companies we cover; MDLN is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 810.0M
- Revenue
- $28.4B
- Free cash flow
- $1.3B
- Owner earnings
- $1.2B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 26.4%
- Operating
- 7.8%
- Net
- 4.1%
- Free cash flow
- 4.6%
- Owner earnings
- 4.3%
- Stock pay
- 0.3%
Returns
- ROIC, FY2025
- 9.6%
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 10.8%
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- –
- Revenue, 5 yr
- –
- Revenue, 2 yr
- 10.6%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 2 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 2 yr
- -4.1%
Financial health · FY2025
- Cash and investments
- $1.9B
- Total debt
- $12.6B
- Net debt
- $10.6B
- Debt/Equity
- 1.2x
- Debt/FCF
- 9.7x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$28.4B
+10.6% a year over 2 years
FY2023FY2025
Margins
Gross26.4%Operating7.8%Net4.1%
FY2025
FY2023FY2025
Free cash flow and owner earnings
Free cash flow$1.3BOwner earnings$1.2B
Free cash flow -4.1% a year
FY2023FY2025
Diluted shares
810.0M
FY2025
FY2023FY2025
Return on invested capital
9.6%
FY2025
FY2023FY2025
Net debt (below zero)
-$10.6B
$10.6B more debt than cash
FY2023FY2025
Every figure, year by year
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| The business | |||
| Revenue | $23.2B | $25.5B | $28.4B |
| Revenue growth | – | 9.8% | 11.5% |
| Gross margin | 25.3% | 27.3% | 26.4% |
| Operating margin | 5.4% | 8.4% | 7.8% |
| Net income | – | – | $1.2B |
| Net margin | – | – | 4.1% |
| Diluted EPS | – | – | $-0.01 |
| Return on invested capital? | – | – | 9.6% |
| Cash | |||
| Operating cash flow | $1.7B | $1.8B | $1.7B |
| Capital expenditure | $275.0M | $354.0M | $447.0M |
| Free cash flow | $1.4B | $1.4B | $1.3B |
| Stock-based compensation | $78.0M | $61.0M | $76.0M |
| Owner earnings? | $1.3B | $1.4B | $1.2B |
| Free cash flow per share | – | – | $1.60 |
| Capital allocation | |||
| Dividends paid | – | – | – |
| Share repurchases | $0 | $20.0M | $33.0M |
| Diluted shares | – | – | 810.0M |
| Share count change? | – | – | – |
| Balance sheet | |||
| Cash and equivalents | $1.6B | $199.0M | $1.9B |
| Short-term investments | – | – | – |
| Total debt | – | $16.5B | $12.6B |
| Net debt | – | $16.3B | $10.6B |
| Shareholders' equity | – | – | $10.7B |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-06 | 10-Q | Quarterly report |
| 2026-05-06 | 8-K | Earnings release |
| 2026-04-23 | DEF 14A | Proxy statement |
| 2026-02-25 | 10-K | Annual report |
| 2026-02-25 | 8-K | Earnings release |
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