Henry Schein, Inc. (HSIC) Key Metrics
HSIC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.63B
- Enterprise value
- $13.40B
- P/E (TTM)
- 25.2 10-yr median 20.9
- Forward P/E
- 14.8
- PEG ratio
- 1.74
- Price / sales
- 0.7 10-yr median 0.8
- Price / book
- 3.1 10-yr median 3.1
- EV / EBITDA
- 13.3 10-yr median 12.7
- Dividend yield
- —
- Beta
- 0.84
HSIC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHSIC valuation Price multiples at each fiscal year-end price.
HSIC returns How much profit the business earns on the capital it uses.
HSIC per-share figures Results divided by the shares outstanding at year-end.
HSIC financial health Debt, liquidity and how easily interest is covered.
HSIC efficiency & capital use Working capital cycle and where the cash goes.
HSIC valuation history
HSIC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HSIC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HSIC cash returned to shareholders
HSIC price vs earnings per share
HSIC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $9.20B | $8.84B | $9.97B | $11.00B | $10.99B | $9.59B | $9.96B | $9.47B | $8.67B | $9.66B |
| Enterprise value | $12.73B | $11.59B | $12.54B | $12.38B | $12.09B | $10.17B | $10.85B | $11.35B | $10.16B | $10.82B |
| P/E ratio | 23.1 | 22.7 | 24.0 | 20.5 | 17.6 | 23.8 | 19.6 | 17.7 | 21.3 | 19.1 |
| Price / sales | 0.7 | 0.7 | 0.8 | 0.9 | 0.9 | 0.9 | 1.0 | 0.7 | 0.7 | 0.8 |
| Price / book | 2.8 | 2.6 | 2.7 | 3.2 | 3.2 | 2.9 | 3.3 | 3.2 | 3.1 | 3.5 |
| Price / free cash flow | 16.1 | 13.4 | 31.9 | 21.7 | 17.4 | 17.4 | 17.2 | 15.9 | 18.7 | 17.7 |
| Price / operating cash flow | 12.9 | 10.4 | 19.9 | 18.3 | 15.5 | 16.0 | 15.2 | 13.8 | 15.9 | 15.7 |
| EV / sales | 1.0 | 0.9 | 1.0 | 1.0 | 1.0 | 1.0 | 1.1 | 0.9 | 0.8 | 0.9 |
| EV / EBITDA | 12.7 | 12.7 | 14.7 | 12.7 | 11.3 | 14.0 | 11.8 | 15.0 | 9.5 | 11.3 |
| EV / free cash flow | 22.2 | 17.5 | 40.1 | 24.5 | 19.2 | 18.5 | 18.8 | 19.1 | 21.9 | 19.8 |
| Earnings yield | 4.3% | 4.4% | 4.2% | 4.9% | 5.7% | 4.2% | 5.1% | 5.7% | 4.7% | 5.2% |
| Free cash flow yield | 6.2% | 7.5% | 3.1% | 4.6% | 5.7% | 5.7% | 5.8% | 6.3% | 5.4% | 5.6% |
| Dividend yield | — | — | 21.1% | 0.3% | 0.1% | 0.1% | 1.5% | 0.2% | 0.3% | 0.3% |
| Shareholder yield (dividends + buybacks) | 9.2% | 4.4% | 23.9% | 4.7% | 3.7% | 1.1% | 6.8% | 2.3% | 5.5% | 6.0% |
| Share price at fiscal year-end | $75.58 | $69.20 | $75.71 | $79.87 | $77.53 | $66.86 | $66.72 | $61.58 | $54.81 | $59.49 |
| Per share | ||||||||||
| Revenue per share | $108.32 | $99.18 | $93.66 | $91.81 | $87.47 | $70.56 | $66.90 | $85.89 | $78.77 | $71.26 |
| Earnings per share | $3.27 | $3.05 | $3.16 | $3.91 | $4.40 | $2.80 | $3.40 | $3.49 | $2.57 | $3.12 |
| Operating cash flow per share | $5.85 | $6.64 | $3.80 | $4.37 | $5.01 | $4.18 | $4.38 | $4.45 | $3.45 | $3.79 |
| Free cash flow per share | $4.71 | $5.17 | $2.38 | $3.67 | $4.45 | $3.84 | $3.87 | $3.86 | $2.93 | $3.36 |
| Cash per share | $1.28 | $0.95 | $1.30 | $0.85 | $0.83 | $2.94 | $0.71 | $0.37 | $1.10 | $0.38 |
| Book value per share | $26.66 | $26.55 | $27.74 | $25.02 | $24.16 | $23.35 | $20.09 | $19.27 | $17.77 | $17.20 |
| Tangible book value per share | −$16.32 | −$11.87 | −$8.62 | −$0.25 | −$0.68 | $2.54 | −$0.25 | $3.28 | −$1.02 | $0.93 |
| Dividends per share | — | — | $15.94 | $0.22 | $0.05 | $0.10 | $0.99 | $0.11 | $0.18 | $0.20 |
| Capex per share | $1.14 | $1.46 | $1.42 | $0.70 | $0.56 | $0.34 | $0.51 | $0.59 | $0.52 | $0.43 |
| Debt per share | $30.29 | $22.46 | $20.80 | $10.87 | $8.58 | $6.99 | $6.69 | $12.62 | $10.53 | $7.51 |
| Shares outstanding | 121.7M | 127.8M | 131.7M | 137.8M | 141.8M | 143.4M | 149.3M | 153.7M | 158.2M | 162.4M |
| Change in shares outstanding | −4.7% | −3.0% | −4.4% | −2.8% | −1.1% | −3.9% | −2.9% | −2.8% | −2.6% | −3.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.0% | 11.1% | 11.7% | 15.7% | 18.4% | 12.7% | 17.0% | 18.6% | 14.5% | 17.9% |
| Return on invested capital (ROIC) | 9.0% | 8.9% | 10.1% | 15.4% | 15.5% | 11.8% | 12.9% | 12.2% | 11.7% | 15.5% |
| Return on assets (ROA) | 3.7% | 3.8% | 4.3% | 6.3% | 7.7% | 5.4% | 6.5% | 6.5% | 5.6% | 7.6% |
| Return on tangible assets | 6.7% | 7.3% | 7.2% | 10.5% | 12.6% | 8.4% | 12.3% | 8.9% | 8.3% | 12.3% |
| Free cash flow margin | 4.3% | 5.2% | 2.5% | 4.0% | 5.1% | 5.4% | 5.8% | 4.5% | 3.7% | 4.7% |
| Income quality (OCF / net income) | 1.79 | 2.17 | 1.20 | 1.12 | 1.14 | 1.49 | 1.29 | 1.28 | 1.34 | 1.21 |
| Financial health | ||||||||||
| Total debt | $3.69B | $2.87B | $2.74B | $1.50B | $1.22B | $1.00B | $998.3M | $1.94B | $1.67B | $1.22B |
| Cash & short-term investments | $156.0M | $122.0M | $171.0M | $117.0M | $118.0M | $421.2M | $106.1M | $56.9M | $174.7M | $62.4M |
| Net debt | $3.53B | $2.75B | $2.57B | $1.38B | $1.10B | $581.2M | $892.3M | $1.88B | $1.49B | $1.16B |
| Debt / equity | 1.14 | 0.85 | 0.75 | 0.43 | 0.36 | 0.30 | 0.33 | 0.66 | 0.59 | 0.44 |
| Debt / assets | 0.33 | 0.28 | 0.26 | 0.17 | 0.14 | 0.13 | 0.14 | 0.23 | 0.21 | 0.18 |
| Net debt / EBITDA | 3.51 | 3.01 | 3.02 | 1.41 | 1.03 | 0.80 | 0.97 | 2.49 | 1.39 | 1.21 |
| Current ratio | 1.38 | 1.42 | 1.67 | 1.79 | 1.67 | 1.66 | 1.58 | 1.30 | 1.44 | 1.44 |
| Quick ratio | 0.76 | 0.78 | 1.00 | 0.91 | 0.86 | 1.00 | 0.88 | 0.86 | 0.76 | 0.72 |
| Interest coverage | 5.1 | 5.6 | 8.2 | 21.3 | 31.0 | 13.7 | 14.4 | 9.1 | 16.1 | 25.6 |
| Working capital | $1.24B | $1.18B | $1.80B | $1.76B | $1.54B | $1.51B | $1.19B | $956.4M | $1.26B | $1.02B |
| Invested capital | $6.78B | $6.14B | $6.22B | $4.83B | $4.52B | $3.93B | $3.89B | $4.84B | $4.30B | $3.95B |
| Tangible asset value | −$437.0M | −$73.0M | $362.0M | $1.19B | $1.15B | $1.33B | $882.0M | $1.40B | $684.2M | $765.6M |
| Net current asset value | −$1.96B | −$1.40B | −$932.0M | $52.0M | $39.0M | $331.0M | −$7.2M | −$471.4M | −$121.4M | −$9.2M |
| Graham number | $44.29 | $42.70 | $44.40 | $46.88 | $48.91 | $38.39 | $39.22 | $38.88 | $32.04 | $34.75 |
| Graham net-net per share | −$33.07 | −$25.38 | −$22.35 | −$12.75 | −$11.76 | −$8.47 | −$9.91 | −$19.55 | −$12.16 | −$9.34 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $2.10B | $30.0M | $7.5M | $14.3M | $148.1M | $17.5M | $29.1M | $32.4M |
| Share buybacks (net) | $850.0M | $385.0M | $284.0M | $485.0M | $401.0M | $88.0M | $525.0M | $200.0M | $450.0M | $550.0M |
| Dividend payout ratio | — | — | 504.8% | 5.6% | 1.2% | 3.6% | 29.2% | 3.3% | 7.2% | 6.4% |
| Dividends + buybacks / free cash flow | 148.3% | 58.2% | 761.7% | 101.8% | 64.8% | 18.6% | 116.5% | 36.6% | 103.3% | 106.8% |
| Capex / revenue | 1.1% | 1.5% | 1.5% | 0.8% | 0.6% | 0.5% | 0.8% | 0.7% | 0.7% | 0.6% |
| Capex / operating cash flow | 19.5% | 22.1% | 37.4% | 15.9% | 11.1% | 8.2% | 11.7% | 13.2% | 14.9% | 11.4% |
| Capex / depreciation | 0.45 | 0.70 | 0.84 | 0.45 | 0.38 | 0.26 | 0.41 | 0.63 | 0.42 | 0.41 |
| Stock-based compensation / revenue | 0.3% | 0.3% | 0.3% | 0.4% | 0.6% | 0.1% | 0.4% | 0.3% | 0.3% | 0.5% |
| SG&A / revenue | 23.4% | 23.9% | 23.6% | 21.9% | 22.7% | 22.2% | 23.6% | 19.9% | 20.4% | 20.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 43.4 | 48.2 | 48.9 | 41.8 | 42.3 | 48.2 | 44.1 | 37.2 | 40.7 | 39.2 |
| Days of inventory on hand | 74.5 | 74.3 | 79.4 | 77.6 | 70.5 | 73.5 | 75.3 | 93.9 | 72.5 | 69.4 |
| Days payables outstanding | 41.3 | 40.6 | 42.5 | 41.7 | 43.1 | 47.1 | 44.1 | 54.4 | 43.5 | 44.0 |
| Cash conversion cycle (days) | 76.5 | 81.8 | 85.7 | 77.6 | 69.8 | 74.5 | 75.3 | 76.8 | 69.7 | 64.6 |
| Receivables turnover | 8.42 | 7.58 | 7.47 | 8.74 | 8.62 | 7.58 | 8.27 | 9.81 | 8.97 | 9.32 |
| Payables turnover | 8.83 | 8.99 | 8.58 | 8.74 | 8.48 | 7.75 | 8.28 | 6.71 | 8.39 | 8.29 |
| Inventory turnover | 4.90 | 4.91 | 4.60 | 4.71 | 5.17 | 4.97 | 4.85 | 3.89 | 5.04 | 5.26 |
| Asset turnover | 1.23 | 1.22 | 1.29 | 1.48 | 1.53 | 1.36 | 1.28 | 1.61 | 1.70 | 1.74 |
| Average receivables | $1.57B | $1.67B | $1.65B | $1.45B | $1.44B | $1.34B | $1.21B | $1.35B | $1.39B | $1.24B |
| Average payables | $1.06B | $991.0M | $1.01B | $1.03B | $1.03B | $943.0M | $833.0M | $969.4M | $1.08B | $1.01B |
| Average inventory | $1.91B | $1.81B | $1.89B | $1.91B | $1.69B | $1.47B | $1.42B | $1.67B | $1.80B | $1.59B |
| Intangibles / total assets | 46.6% | 48.1% | 45.3% | 40.4% | 41.5% | 38.4% | 42.4% | 28.9% | 37.8% | 39.1% |
Computed from HSIC's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HSIC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Henry Schein traded at 23.1 times earnings, against a 10-year median of 20.9. Based on the latest twelve months, the trailing P/E is 25.2 and the forward P/E is 14.8. Henry Schein earned a return on equity of 12.0% and a return on invested capital of 9.0% in fiscal 2025. It ended the year with $3.7 billion of debt and $156.0 million in cash and short-term investments, net debt of $3.5 billion. It returned $850.0 million to shareholders: $0 in dividends and $850.0 million in share buybacks, 148% of free cash flow. The share count fell 25.0% from 162.4M to 121.7M over 9 years.
See the HSIC income statement, the HSIC chart for price history, or the HSIC stock overview for the latest quote and news.
HSIC key metrics FAQ
What is Henry Schein's P/E ratio?
Henry Schein's trailing P/E ratio is 25.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.8. At the end of fiscal 2025 it was 23.1, compared with a 10-year median of 20.9.
What is Henry Schein's EV/EBITDA?
Henry Schein's enterprise value was 12.7 times EBITDA at the end of fiscal 2025 (enterprise value $12.7 billion, EBITDA $1.0 billion); the current EV/EBITDA is 13.3.
What is Henry Schein's return on equity?
Henry Schein's return on equity (ROE) was 12.0% in fiscal 2025: net income of $398.0 million on average shareholders' equity of $3.3 billion.
What is Henry Schein's ROIC?
Henry Schein's return on invested capital was 9.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Henry Schein have?
Henry Schein had total debt of $3.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.14 and $3.5 billion of net debt (3.51 times EBITDA).
Does Henry Schein buy back its shares?
Yes. Henry Schein spent $850.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.7% over the year, to 121.7M..
What is Henry Schein's free cash flow yield?
Henry Schein generated $573.0 million of free cash flow in fiscal 2025, a free cash flow yield of 6.2% on its market value at year-end ($9.2 billion).
What is Henry Schein's current ratio?
Henry Schein's current ratio was 1.38 at the end of fiscal 2025: current assets were 1.38 times current liabilities.