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

38.99 0.77 −1.94%
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) Gross margin

Alert me on Gross margin

Medline Inc.'s gross margin over the twelve months to 30 September 2026 was 44.9%, up 18.4 percentage points from fiscal 2025 (26.4%). That is below the Medical Instruments & Supplies industry median of 53.6% and below the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 26.4% (0.91)
FY2024 27.4% 2.02
FY2023 25.3% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 24.5% (4.32)
Jun 2026 28.8% 3.78
Mar 2026 25.0% (74.96)
Dec 2025 100.0% 72.34
2 more quarters

Gross margin against peers

Company Gross margin
ISRG Intuitive Surgical, Inc. compare 67.2%
COO The Cooper Companies, Inc. compare 65.9%
RMD ResMed Inc. compare 61.1%
ALC Alcon compare 56.9%
BDX Becton, Dickinson and Company compare 50.3%
MDLN Medline Inc. 44.9%
WST West Pharmaceutical Services, Inc. compare 37.6%
BAX Baxter International Inc. compare 30.1%
SOLV Solventum Corporation compare 0.00%
Medical Instruments & Supplies industry median 53.6%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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