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Medline, Inc.
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Medline, Inc.

MDLN

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.

Market cap
$34.54B+10.3%
Revenue$26.7B+9.8%
Net income$841.8M-9.6%
Free cash flow$1.6B+13.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$7.5B
EPS estimate$0.32

Financials

Q1 2026

Income statement

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Revenue$7.4B+10.7%
Gross profit$1.8B+0.9%
Operating income$422.0M-26.1%
Net income$239.0M-25.1%
EPS (diluted)$0.16

Balance sheet

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Cash & equivalents$2.2B+166%
Total debt$12.6B
Total equity$11.3B
Total assets$39.0B

Cash flow

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Operating cash flow$412.0M-39.6%
CapEx$96.0M-2.0%
Free cash flow$316.0M-45.9%

Valuation & ratios

Valuation

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Market cap$34.54B+10.3%
Enterprise value$44.87B
P/E41×
P/S1.3×

Returns & leverage

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Debt / equity1.1×
Current ratio4.4×

Segments

By product

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Front Line Care$1.6B+6.0%
Surgical Solutions$1.6B+7.4%
Laboratory and Diagnostics$293.0M+0.7%

By segment

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Supply Chain Solutions$3.9B+15.0%
Medline Brand$3.5B+6.2%

By geography

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International$495.0M+10.0%

Competitors

Profile

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.

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.

GeographiesUnited States, North America, Europe, Asia-Pacific
Customer segmentsAcute care hospitals, Ambulatory surgery centers, Physician offices, Long-term care facilities
Business modelVertical integration, Manufacturing, Wholesale distribution, B2B services
SuppliersRaw material suppliers, Component manufacturers, Third-party med-surg product manufacturers, Sterilization service providers
CustomersHospitals, Clinics, Nursing homes, Diagnostic laboratories
Listed2025
CEOJames Boyle
FilingsSEC EDGAR

Questions, answered.

What is Medline, Inc. 's market cap?
Medline, Inc. (MDLN) has a market capitalization of $34.5B and trades on NASDAQ.
What is Medline, Inc. 's revenue and profitability?
Medline, Inc. generated $26.7B in trailing twelve-month revenue with net income of $841.8M, representing a net margin of 4.6%. Gross margin stands at 27.4%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.
Who are Medline, Inc. 's competitors?
Medline, Inc. 's key competitors include Cardinal Health, McKesson, Becton, Dickinson and Company, and others. These companies compete in similar markets and product categories.
What subsidiaries does Medline, Inc. have?
Medline, Inc. 's subsidiaries include MedTrans.
Where is Medline, Inc. headquartered?
Medline, Inc. is headquartered in United States of America. It has been publicly traded since 2025.