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Medline, Inc. MDLN Variable Lease Cost

Variable Lease Cost at other companies

Henry Schein logo
Henry ScheinHSIC
$2.75M-8.3%
UFP Technologies logo
UFP TechnologiesUFPT
$251K-4.6%

Other financials

Income statement

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Revenue$7.7B+11.6%
Gross profit$2.2B+16.3%
Operating income$395.0M-38.5%
Net income$139.0M-57.8%
EPS (diluted)$0.07

Balance sheet

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Cash & equivalents$2.3B+299%
Total debt$12.6B
Total equity$11.6B
Total assets$39.4B

Cash flow

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Operating cash flow$715.0M+263%
CapEx$111.0M+0.9%
Free cash flow$604.0M+594%

Valuation

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Market cap$31B-2.6%
Enterprise value$41.29B
P/E34.9×
P/S1.1×

Profitability

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Gross margin27.5%+1.1pp
Operating margin8.7%+1.7pp
Net margin4.7%+1.8pp
FCF margin5.2%-0.6pp

Returns & leverage

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Return on equity7.8%
Debt / equity1.1×
Current ratio4.3×

Where this comes from

Reported directly by Medline, Inc. in its filing.

Tagged under the XBRL concept us-gaap:VariableLeaseCost.

The source filing: Medline, Inc.’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 4:51 PM EST
Fiscal year
FY2025
Accession
0002046386-26-000009
(in millions)Year ended / December 31, 2025Year ended / December 31, 2024Year ended / December 31, 2023
Operating lease cost$106$90$67
Variable lease cost312519
Short-term lease cost432
Total lease cost$141$118$88
Sublease income(12)(10)(7)
Total lease cost, net$129$108$81

Item 8 - Financial Statements and Supplementary Data

FAQ

What is Medline, Inc.'s variable lease cost?
Medline, Inc. (MDLN) reported variable lease cost of $7.75M in Q4 2025.
How has Medline, Inc.'s variable lease cost changed year-over-year?
Medline, Inc.'s variable lease cost increased by 24.0% year-over-year, from $6.25M to $7.75M.
What is the long-term trend for Medline, Inc.'s variable lease cost?
Over 2 years (2023 to 2025), Medline, Inc.'s variable lease cost has grown at a 27.7% compound annual growth rate (CAGR), from $19M to $31M.
What does variable lease cost mean?
Represents lease payments that vary based on an index, rate, or usage rather than fixed periodic payments. This metric helps investors understand the company's exposure to fluctuating lease obligations tied to operational performance or market conditions.

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