MDLN

Medline
D

MDLN

Arincen64/100B

ArincenArincen ScoreBeta

64/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash6.7

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders—

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Medline key facts

Style
Blend stock · 4.1/10Value 4.1
Day range
38.960 – 40.530
52-week range
31.370 – 50.880
Market capitalization
34.65B USD
P/E
58.87
PEG ratio
8.13
EPS
0.67
Volume
327,736
Beta
-0.39
ESG score
62.0/100Environment 52 · Social 70 · Governance 64
Sector
Healthcare
Industry
Medical - Instruments & Supplies
CEO
James Boyle
Employees
45K
IPO date
17 Dec 2025

Medline earnings

Next earnings · Q4 FY2026
EPS estimate
0.39 USD
Revenue estimate
8.50B USD
Last quarter · Q3 FY2026
EPS0.44Beat +28.2%Revenue7.86BBeat +1.7%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20270.40——-9.15%8.49B——+8.04%
Q2 FY20270.38——-23.46%8.33B——+8.36%
Q1 FY20270.34——+3.95%7.88B——+7.21%
Q4 FY20260.39——+73.56%8.50B——+9.14%
Q3 FY20260.340.44+28.21%+41.94%7.72B7.86B+1.74%+10.41%
Q2 FY20260.350.50+41.88%—7.52B7.69B+2.21%—
Q1 FY20260.300.33+11.79%—7.16B7.35B+2.64%—
Q4 FY20250.240.22-5.63%—7.51B7.79B+3.66%—
Q3 FY2025—0.31———7.12B——

Analysts' estimates for FY2025 over the last 7 days:EPS Revenue How the estimates moved

Medline analyst forecast

12-month price target
44.20 USD
+12.07%

Analysts' 1-year price targets range from 37.00 to 55.00, with an average of 44.20.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
19 ratings
Buy
17
Hold
2
Sell
0

12-month price target

Highest target55.00
Average target44.20
Lowest target37.00
Current price39.44

Medline valuation

Price to earnings ratio (TTM)
58.87
Forward P/E (FY2026)
25.58
Price to sales (TTM)
1.13
Price to book
2.94
EV / EBITDA (TTM)
17.00

Capital structure

Market capitalization
34.65B USD
+
Total debt
12.58B USD
−
Cash and short-term investments
3.61B USD
=
Enterprise value
43.63B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2027 (est.)25.42————
FY2026 (est.)25.5825.42———
FY2025 (est.)32.7925.58———
Now (TTM)58.8725.441.132.9417.00
FY202529.3727.221.203.1819.80
FY202426.97—1.271.9513.85
FY2023136.67—1.391.9018.35
FY2022-1,289.31—1.500.000.00

Medline against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: ResMed, West Pharmaceutical Services, Becton, Dickinson and, Solventum, Baxter International, and The Cooper Companies, the US Medical - Instruments & Supplies companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years26.4%
    21.2%26.4%
    Against its peers: 7 of 7Peers' median 50.4%
  • Operating marginAbove its median7.8%
    4.1%8.4%
    Against its peers: 6 of 7Peers' median 18.4%
  • Net marginAbove its median4.1%
    -0.1%4.7%
    Against its peers: 6 of 7Peers' median 12.6%
  • Return on equityHighest in 5 years10.8%
    1.4%10.8%
    Against its peers: 4 of 7Peers' median 10.0%
  • Free cash flow marginBelow its median4.6%
    -0.3%6.1%
    Against its peers: 5 of 7Peers' median 12.8%
  • Revenue growthHighest in 5 years11.5%
    8.3%11.5%
    Against its peers: 1 of 7Peers' median 5.4%
  • Debt to EBITDAAt its median5.56×
    4.78×6.50×
    Against its peers: 6 of 7Peers' median 2.31×
  • Current ratioHighest in 5 years4.29
    3.394.29
    Against its peers: 2 of 7Peers' median 2.67

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Medline growth and profitability

Revenue (TTM)
30.68B USD
Net income (TTM)
564.00M USD
Gross margin
25.16%
Operating margin
5.68%
Net margin
1.84%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202528.43B+11.47%1.16B-3.42%26.44%7.78%4.08%2.26B-36.04%
FY202425.51B+9.80%1.20B+412.82%24.66%8.41%4.70%3.53B+36.37%
FY202323.23B+8.31%234.00M—22.48%5.38%1.01%2.59B+39.70%
FY202221.45B—-25.00M—21.25%4.06%-0.12%1.85B—

How Medline makes its money

Revenue28.43B 100.0%
Cost of revenue20.91B 73.6%
Gross profit7.52B 26.4%
Selling and administration4.52B 15.9%
Other operating expenses782.00M 2.8%
Operating income2.21B 7.8%
Tax91.00M 0.3%
Other expense962.00M 3.4%
Net income1.16B 4.1%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Medline financial health

Cash and short-term investments
3.61B USD
Total debt
12.58B USD
Net cash
-8.97B USD
Free cash flow (TTM)
1.90B USD
Current ratio
4.04
Debt to equity
1.07
Piotroski score
8 / 9
Altman Z-score
2.19

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.94B12.56B1.30B
FY2024250.00M16.90B1.42B
FY20231.59B16.83B1.41B

Medline ownership

Institutions
104.31%
Institutional holders
425 (+95)
Free float
58.11%

Who owns the shares

Institutions 100.0% Others 0.0%
As of 30 Jun 2026

Shares free to trade

Free float 510.55M shares ·58.1% Closely held 368.11M shares ·41.9%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026050.0020.68M
Q2 20260411.35M56.45M
Q1 20260518.79M317.12M
Q4 2025036.82M61.96M

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025812.00M812.00M+3.16%
FY2024787.12M787.12M0.00%
FY2023787.12M787.12M0.00%
FY2022787.12M787.12M—

Source: Financial Modeling Prep

Title: Medline Inc

Sector: Healthcare
Industry: Medical - Instruments & Supplies
Medline is the largest provider of medical-surgical products and supply chain solutions in the US. The company generates over 90% of its revenue domestically and serves some of the largest US health systems. Medline offers approximately 190,000 Medline-branded products across more than 250 product families-including front-line care, surgical solutions, and laboratory and diagnostics-as well as roughly 150,000 third-party products sourced from over 1,250 vendors. The company maintains prime vendor relationships with many customers, acting as the primary consolidated logistics partner for their medical-surgical needs. Medline has significant scale, supported by more than 30 manufacturing facilities and a fleet of over 2,000 owned delivery trucks. Medline went public in December 2025.

Common questions about Medline stock