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Medline, Inc. MDLN Operating margin

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25.5%+15.8pp

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$33.22B+6.8%
Enterprise value$43.54B
P/E39.5×
P/S1.2×

Profitability

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Gross margin27.4%+1.5pp
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.

Based on trailing twelve months.

The source filing: Medline, Inc. ’s 10-Q, filed May 6, 2026. Open the filing →

Filed
May 6, 2026, 4:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0002046386-26-000026

FAQ

What is Medline, Inc. 's operating margin?
Medline, Inc. (MDLN) reported operating margin of 8.5% in Q1 2025.
How has Medline, Inc. 's operating margin changed year-over-year?
Medline, Inc. 's operating margin increased by 36.6% year-over-year, from 6.2% to 8.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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