Medline Inc.

MDLN Healthcare Medical Instruments & Supplies

Medline Inc.’s revenue for fiscal 2025 (year ended December 2025) was $28.4 billion, up 11.5% from fiscal 2024.

Revenue
+14.1%
Free cash flow
+916.1%
Total debt
−23.7%

Quarter to September 2026, against a year earlier

39.71 0.05 −0.13%
Market cap
$52.3B
P/E
58.4×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
2.25
Beneish M
−2.38
Dividend safety
n/a

Medline Inc. (MDLN) Debt to equity

Alert me on Debt to equity

Medline Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.6×, down 0.0× from fiscal 2025 (0.7×). That is above the Medical Instruments & Supplies industry median of 0.1× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.7× (36.20%)
FY2024 1.0× —
FY2023 0.0× —

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.6× (1.58%)
Jun 2026 0.7× 1.48%
Mar 2026 0.6× (0.25%)
Dec 2025 0.7× —
4 more quarters

Debt to equity against peers

Company Debt to equity
ISRG Intuitive Surgical, Inc. compare 0.0×
RMD ResMed Inc. compare 0.0×
WST West Pharmaceutical Services, Inc. compare 0.1×
SOLV Solventum Corporation compare 0.1×
ALC Alcon compare 0.2×
COO The Cooper Companies, Inc. compare 0.3×
BDX Becton, Dickinson and Company compare 0.6×
MDLN Medline Inc. 0.6×
BAX Baxter International Inc. compare 1.3×
Medical Instruments & Supplies industry median 0.1×
Healthcare sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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