What is Medline, Inc. 's free cash flow?

Medline, Inc. (MDLN) reported free cash flow of $316M in Q1 2026.

How has Medline, Inc. 's free cash flow changed year-over-year?

Medline, Inc. 's free cash flow decreased by 45.9% year-over-year, from $584M to $316M.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

Medline, Inc. MDLN Free cash flow

Free cash flow at other companies

Becton, Dickinson and CompanyBDX

$546M—

Cardinal HealthCAH

$1.68B-40.0%

McKessonMCK

$3.31B-56.3%

StrykerSYK

$415M+227%

Henry ScheinHSIC

——

SolventumSOLV

——

Other financials

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

See full

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%

Valuation

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Market cap$32.87B+5.7%

Enterprise value$43.19B—

P/E39.1×—

P/S1.2×—

Profitability

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Gross margin27.4%+1.5pp

Operating margin8.5%+2.3pp

Net margin4.6%+2.7pp

FCF margin6.4%+0.5pp

Returns & leverage

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Return on equity7.7%—

Debt / equity1.1×—

Current ratio4.4×—

Where this comes from

Calculated from Medline, Inc. ’s reported figures.

$412.0Mnet cash from operating−$96.0Mcapital expenditures=$316M

The official record: Medline, Inc. ’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Medline, Inc. 's free cash flow?: Medline, Inc. (MDLN) reported free cash flow of $316M in Q1 2026.
How has Medline, Inc. 's free cash flow changed year-over-year?: Medline, Inc. 's free cash flow decreased by 45.9% year-over-year, from $584M to $316M.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.