MDL

Medline, Inc.

MDLNNASDAQStock Fundamentals

Medline Inc. is the largest provider of medical-surgical products and supply chain solutions, serving the full continuum of healthcare from hospitals to post-acute facilities. The company operates an integrated business model as both a manufacturer and a distributor, leveraging a proprietary logistics network and a Prime Vendor model to drive clinical and operational efficiencies for healthcare providers.

Market Cap$32.9B
Revenue TTM$26.7B
Net Income TTM$841.8M
P/E Ratio39.08
Net Margin3.15%
Free Cash Flow TTM$1.6B
CEOJames Boyle
CountryUnited States of America
Healthcare
Medical - Instruments & Supplies
SegmentsMedical Instruments & Supplies, Healthcare Distribution, Medical Manufacturing
Business ModelsVertical integration, Manufacturing, Wholesale distribution, B2B services
Most Recent EarningsMay 6, 2026 · 10 days agoQ1 2026
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Next EarningsAug 5, 2026 · in 3 monthsQ3 2026

Financials

Based on Q1 2026 filing

Gross Margin26.74%
Op. Margin7.72%
ROE7.65%
D/E111.44%
Current Ratio4.41
Total Debt$12.6B
Cash$2.2B
CapEx TTM$371.0M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Medline Brand

primary

This segment focuses on the development, manufacturing, and sale of proprietary medical-surgical products across three primary categories: Front Line Care, Surgical Solutions, and Laboratory and Diagnostics.

Products

Curad, Microtek, Hudson, Proxima, ReadyPrep CHG cloth, surgical procedure trays, exam gloves, orthopedic implants, vital signs monitors

Customers

Hospitals, Surgery centers, Physician offices, Post-acute facilities

Supply Chain Solutions

major

This segment distributes third-party national brand products and provides supply chain optimization services, including consulting, outsourced warehouse management, and third-party logistics.

Products

Third-party national brand med-surg products, Put-away-ready packaging, Inventory rationalization services, Route planning services

Customers

Healthcare systems, Integrated delivery networks, Laboratory facilities

Segment Financials

Medline Brand — Segment adjusted EBITDA

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Medline Brand — Goodwill

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Supply Chain Solutions — Goodwill

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Supply Chain Solutions — Segment adjusted EBITDA

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Business Overview

Competitive Position

Medline is the leading provider of med-surg products by net sales, distinguished by its vertical integration as both a manufacturer and a primary logistics partner.

Geographies

United States, North America, Europe, Asia-Pacific

Customer Segments

Acute care hospitals, Ambulatory surgery centers, Physician offices, Long-term care facilities

Upstream Dependencies

Raw material suppliers, Component manufacturers, Third-party med-surg product manufacturers, Sterilization service providers

Downstream Customers

Hospitals, Clinics, Nursing homes, Diagnostic laboratories

MDL

Medline, Inc. FAQ

Common questions about Medline, Inc.

Medline Inc. is the largest provider of medical-surgical products and supply chain solutions, serving the full continuum of healthcare from hospitals to post-acute facilities. The company operates an integrated business model as both a manufacturer and a distributor, leveraging a proprietary logistics network and a Prime Vendor model to drive clinical and operational efficiencies for healthcare providers.

Medline, Inc. (MDLN) has a market capitalization of $32.9B and trades on NASDAQ.

Medline, Inc. generated $26.7B in trailing twelve-month revenue with net income of $841.8M, representing a net margin of 3.1%. Gross margin stands at 26.7%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.

Medline, Inc. 's key competitors include Becton, Dickinson and Company, Cardinal Health, McKesson, and others. These companies compete in similar markets and product categories.