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Medline, Inc. MDLN Change in fair value of the conversion option of the convertible senior notes

Change in fair value of the conversion option of the convertible senior notes at other companies

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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

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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

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Market cap$30.39B
Enterprise value$40.71B
P/E36.1×
P/S1.1×

Profitability

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Gross margin27.4%+1.5pp
Operating margin8.5%+2.3pp
Net margin4.6%+2.7pp

Returns & leverage

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Return on equity7.7%
Debt / equity1.1×
Current ratio4.4×

Where this comes from

Reported directly by Medline, Inc. in its filing.

Tagged under the XBRL concept us-gaap:EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet.

The official record: Medline, Inc. ’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Medline, Inc. 's change in fair value of the conversion option of the convertible senior notes?
Medline, Inc. (MDLN) reported change in fair value of the conversion option of the convertible senior notes of $10.25M in Q4 2025.
What does change in fair value of the conversion option of the convertible senior notes mean?
The non-cash gain or loss resulting from changes in the value of complex financial features within debt or equity contracts.
How do you interpret change in fair value of the conversion option of the convertible senior notes?
Gains or losses here are often driven by market volatility and stock price movements rather than core operational performance.
How does change in fair value of the conversion option of the convertible senior notes compare across companies?
Common for companies with convertible debt or complex capital structures.