What is Medline, Inc. 's variable costs?

Medline, Inc. (MDLN) reported variable costs of $7.75M in Q4 2025.

How has Medline, Inc. 's variable costs changed year-over-year?

Medline, Inc. 's variable costs increased by 24.0% year-over-year, from $6.25M to $7.75M.

What is the long-term trend for Medline, Inc. 's variable costs?

Over 2 years (2023 to 2025), Medline, Inc. 's variable costs has grown at a 27.7% compound annual growth rate (CAGR), from $19M to $31M.

Medline, Inc. MDLN Variable costs

Variable costs at other companies

Carnival CorporationCCL

$52.25M-0.9%

Devon EnergyDVN

$0—

Iron MountainIRM

$59.9M+74.1%

Las Vegas SandsLVS

$0—

Medline, Inc. MDLN

$500K0.0%

Granite Point Mortgage TrustGPMT

——

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:VariableLeaseCost.

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 variable costs?: Medline, Inc. (MDLN) reported variable costs of $7.75M in Q4 2025.
How has Medline, Inc. 's variable costs changed year-over-year?: Medline, Inc. 's variable costs increased by 24.0% year-over-year, from $6.25M to $7.75M.
What is the long-term trend for Medline, Inc. 's variable costs?: Over 2 years (2023 to 2025), Medline, Inc. 's variable costs has grown at a 27.7% compound annual growth rate (CAGR), from $19M to $31M.