Henry Schein (HSIC) FY2024 results: revenue $12.7 billion, up 2.7% on the year
Henry Schein Inc. (HSIC) reported revenue of $12.7 billion for fiscal 2024, the year ended 28 December 2024, up 2.7% on the year before. Net income was $390 million, down 6.2%, and diluted earnings per share $3.05. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2025.
Revenue
$12.7 billion
+2.7% on the year
FY2017FY2024
Operating margin
4.9%
5.0% a year earlier
FY2017FY2024
Net income
$390 million
-6.2% on the year
FY2017FY2024
Diluted EPS
$3.05
-3.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
848
500
602
+69.6%
Capital expenditure
148
147
96.0
+0.7%
Free cash flow
700
353
506
+98.3%
Free cash flow margin
5.5%
2.9%
4.0%
Cash from investing
-430
-1,135
-276
Cash from financing
-510
701
-315
Depreciation and amortisation
297
248
212
+19.8%
Share-based compensation
39.0
39.0
54.0
0.0%
Buybacks
385
250
485
+54.0%
Diluted shares, weighted
128m
132m
138m
-3.0%
Shares outstanding at period end
124m
129m
132m
-3.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,393
3,655
3,446
-7.2%
Non-controlling interest
638
634
649
+0.6%
Redeemable equity
806
864
576
-6.7%
Debt
2,536
2,351
1,149
+7.9%
Operating lease liabilities
259
310
275
-16.5%
Finance lease liabilities
3.0
4.0
6.0
-25.0%
Other liabilities
2,583
2,755
2,506
-6.2%
Total liabilities and equity
10,218
10,573
8,607
-3.4%
Goodwill
3,887
3,875
2,893
+0.3%
Intangible assets
1,023
916
587
+11.7%
Cash and equivalents
122
171
117
-28.7%
Receivables
1,482
1,863
1,442
-20.5%
Inventory
1,810
1,815
1,963
-0.3%
Other assets
1,894
1,933
1,605
-2.0%
Total assets
10,218
10,573
8,607
-3.4%
10-K for the year ended 28 December 2024, filed 25 February 2025: the filing.