What is Medline, Inc. 's operating income?

Medline, Inc. (MDLN) reported operating income of $422M in Q1 2026.

How has Medline, Inc. 's operating income changed year-over-year?

Medline, Inc. 's operating income decreased by 26.1% year-over-year, from $571M to $422M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Medline, Inc. MDLN Operating Income

Operating Income at other companies

Baxter InternationalBAX

$66M+13.8%

Becton, Dickinson and CompanyBDX

$93M-75.7%

Cardinal HealthCAH

$509M-30.3%

McKessonMCK

$2.15B+35.1%

Henry ScheinHSIC

$182M+4.0%

SolventumSOLV

$81M-46.7%

Other financials

Income statement

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Revenue$7.4B+10.7%

Gross profit$1.8B+0.9%

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$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

Reported directly by Medline, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: Medline, Inc. (MDLN) reported operating income of $422M in Q1 2026.
How has Medline, Inc. 's operating income changed year-over-year?: Medline, Inc. 's operating income decreased by 26.1% year-over-year, from $571M to $422M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.