Financials Henry Schein, Inc.

Equities

HSIC

US8064071025

Medical Equipment, Supplies & Distribution

Real-time Estimate Cboe BZX Other stock markets 11:59:20 2026-01-21 am EST			5-day change	1st Jan Change
78.26 ^USD	+0.69%		+2.68%	+3.60%

Jan. 20	Mizuho Adjusts Price Target on Henry Schein to $81 From $74, Maintains Neutral Rating	MT
Jan. 18	Tetratherix Secures Distribution Deal With Healthcare Product Distributor; Shares Up 3%	MT

Projected Income Statement: Henry Schein, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	10,119	12,401	12,647	12,339	12,673	13,084	13,526	14,047
Change	-	22.55%	1.98%	-2.44%	2.71%	3.24%	3.38%	3.85%
EBITDA ¹	752.9	1,069	959	984	1,061	1,100	1,153	1,213
Change	-	41.99%	-10.3%	2.61%	7.83%	3.63%	4.88%	5.15%
EBIT ¹	567.4	859.6	747	615	949	964.6	1,013	1,066
Change	-	51.5%	-13.1%	-17.67%	54.31%	1.64%	5%	5.28%
Interest Paid ¹	-41.38	-27.6	-44	-87	-131	-149.6	-146.9	-143.6
Earnings before Tax (EBT) ¹	499.9	830.5	721	542	513	568.8	700.8	756.1
Change	-	66.14%	-13.19%	-24.83%	-5.35%	10.87%	23.22%	7.89%
Net income ¹	403.8	631.2	538	416	390	416	492.1	528.6
Change	-	56.33%	-14.77%	-22.68%	-6.25%	6.66%	18.3%	7.41%
Announcement Date	2/17/21	2/15/22	2/16/23	2/27/24	2/25/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	3,166	2,925	2,967	3,178	3,331	3,179	3,030	3,067	3,371	3,060	3,100	3,162	3,017	3,172	3,136	3,174	3,191	3,168	3,240	3,339	3,345	3,317	3,348	3,437	3,458	3,460	3,493	3,593
Change	-	-7.61%	1.44%	7.11%	4.79%	-4.55%	-4.69%	1.22%	9.91%	-9.23%	1.31%	2%	-4.59%	5.14%	-1.13%	1.21%	0.54%	-0.72%	2.27%	3.06%	0.17%	-0.82%	0.93%	2.66%	0.61%	0.04%	0.97%	2.87%
EBITDA ¹	232.6	295	262.4	262.2	263.8	299	273	263	124	257	250	259	172	255	268	268	270	259	256	295	284.3	276.7	274.2	303	304.7	284.1	286	317.9
Change	-	26.81%	-11.05%	-0.06%	0.62%	13.33%	-8.7%	-3.66%	-52.85%	107.26%	-2.72%	3.6%	-33.59%	48.26%	5.1%	0%	0.75%	-4.07%	-1.16%	15.23%	-3.64%	-2.66%	-0.91%	10.49%	0.58%	-6.78%	0.67%	11.18%
EBIT ¹	185.6	245.6	212.5	210.6	205.1	244	220	211	72	175	201	200	39	226	241	243	238	208	225	262	249.4	244.3	241.4	266.9	268.4	259.1	260.5	290.5
Change	-	32.35%	-13.5%	-0.85%	-2.61%	18.94%	-9.84%	-4.09%	-65.88%	143.06%	14.86%	-0.5%	-80.5%	479.49%	6.64%	0.83%	-2.06%	-12.61%	8.17%	16.44%	-4.82%	-2.05%	-1.19%	10.57%	0.58%	-3.48%	0.53%	11.55%
Charge d'intérêts ¹	-11.97	-6.485	-6.376	-6.55	-8.189	-7	-9	-11	-17	-14	-19	-25	-29	-30	-32	-34	-35	-35	-38	-38	-38.6	-38.8	-38.65	-38.55	-38.4	-	-	-
Earnings before Tax (EBT) ¹	169.9	225.7	205.7	206.1	193	239	214	205	63	163	186	179	14	127	132	128	126	145	121	134	168.6	163.6	160.8	190.9	196	-	-	-
Change	-	32.84%	-8.88%	0.2%	-6.32%	23.8%	-10.46%	-4.21%	-69.27%	158.73%	14.11%	-3.76%	-92.18%	807.14%	3.94%	-3.03%	-1.56%	15.08%	-16.55%	10.74%	25.82%	-2.97%	-1.68%	18.68%	2.7%	-	-	-
Net income ¹	142.6	166	155.7	162.3	147.2	181	160	150	47	121	140	137	18	93	104	99	94	110	86	101	119.8	119.7	117.9	139.3	143.4	-	-	-
Change	-	16.38%	-6.19%	4.22%	-9.28%	22.93%	-11.6%	-6.25%	-68.67%	157.45%	15.7%	-2.14%	-86.86%	416.67%	11.83%	-4.81%	-5.05%	17.02%	-21.82%	17.44%	18.62%	-0.09%	-1.5%	18.15%	2.94%	-	-	-
Announcement Date	2/17/21	5/4/21	8/3/21	11/2/21	2/15/22	5/3/22	8/2/22	11/1/22	2/16/23	5/9/23	8/7/23	11/13/23	2/27/24	5/7/24	8/6/24	11/5/24	2/25/25	5/5/25	8/5/25	11/4/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Henry Schein, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	278	755	1,032	2,180	2,414	2,947	2,568	2,233
Change	-	171.58%	36.69%	111.24%	10.73%	22.08%	-12.86%	-13.05%
Announcement Date	2/17/21	2/15/22	2/16/23	2/27/24	2/25/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Henry Schein, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	48.83	79.02	96	147	148	135.2	153.4	156.7
Change	-	61.82%	21.5%	53.12%	0.68%	-8.64%	13.49%	2.09%
Free Cash Flow (FCF) ¹	550.1	630.6	506	353	700	401.7	624.9	695
Change	-	14.63%	-19.75%	-30.24%	98.3%	-42.61%	55.57%	11.21%
Announcement Date	2/17/21	2/15/22	2/16/23	2/27/24	2/25/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Henry Schein, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	7.44%	8.62%	7.58%	7.97%	8.37%	8.4%	8.53%	8.63%
EBIT Margin (%)	5.61%	6.93%	5.91%	4.98%	7.49%	7.37%	7.49%	7.59%
EBT Margin (%)	4.94%	6.7%	5.7%	4.39%	4.05%	4.35%	5.18%	5.38%
Net margin (%)	3.99%	5.09%	4.25%	3.37%	3.08%	3.18%	3.64%	3.76%
FCF margin (%)	5.44%	5.08%	4%	2.86%	5.52%	3.07%	4.62%	4.95%
FCF / Net Income (%)	136.23%	99.89%	94.05%	84.86%	179.49%	96.57%	127%	131.49%
Profitability
ROA	5.41%	7.88%	8.67%	6.18%	5.82%	5.6%	5.5%	5.65%
ROE	12.73%	18.64%	18.17%	16.7%	17.17%	15.85%	15.6%	14.9%
Financial Health
Leverage (Debt/EBITDA)	0.37x	0.71x	1.08x	2.22x	2.28x	2.68x	2.23x	1.84x
Debt / Free cash flow	0.5x	1.2x	2.04x	6.18x	3.45x	7.34x	4.11x	3.21x
Capital Intensity
CAPEX / Current Assets (%)	0.48%	0.64%	0.76%	1.19%	1.17%	1.03%	1.13%	1.12%
CAPEX / EBITDA (%)	6.49%	7.39%	10.01%	14.94%	13.95%	12.3%	13.31%	12.92%
CAPEX / FCF (%)	8.88%	12.53%	18.97%	41.64%	21.14%	33.66%	24.55%	22.54%
Items per share
Cash flow per share ¹	4.176	5.005	4.37	3.795	6.636	5.847	6.298	-
Change	-	19.84%	-12.69%	-13.16%	74.87%	-11.9%	7.72%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	23.5	24.97	26.15	28.28	27.33	32.23	36.6	41.66
Change	-	6.26%	4.7%	8.16%	-3.36%	17.95%	13.56%	13.81%
EPS ¹	2.82	4.45	3.91	3.16	3.05	3.393	4.215	4.592
Change	-	57.8%	-12.13%	-19.18%	-3.48%	11.25%	24.23%	8.95%
Nbr of stocks (in thousands)	142,776	138,674	135,548	129,938	124,681	117,725	117,725	117,725
Announcement Date	2/17/21	2/15/22	2/16/23	2/27/24	2/25/25	-	-	-