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Medline, Inc. MDLN Variable lease income

Variable lease income at other companies

Baxter International logo
Baxter InternationalBAX
$7M0.0%

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$30.28B-2.6%
Enterprise value$40.56B
P/E34.1×
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:VariableLeaseIncome.

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 income$15$13$15
Variable lease income222
Total lease income$17$15$17

Item 8 - Financial Statements and Supplementary Data

FAQ

What is Medline, Inc.'s variable lease income?
Medline, Inc. (MDLN) reported variable lease income of $500K in Q4 2025.
How has Medline, Inc.'s variable lease income changed year-over-year?
Medline, Inc.'s variable lease income decreased by 0.0% year-over-year, from $500K to $500K.
What is the long-term trend for Medline, Inc.'s variable lease income?
Over 2 years (2023 to 2025), Medline, Inc.'s variable lease income has grown at a 0.0% compound annual growth rate (CAGR), from $2M to $2M.
What does variable lease income mean?
Income derived from lease agreements where payments are contingent upon usage or other variable factors. It reflects the upside potential of the company's leasing portfolio beyond fixed rental contracts.

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