Henry Schein (HSIC) 10-K Summaries & Annual Filing History
Review Henry Schein, Inc. (HSIC) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 27, 2025 · FY2025 10-K
Henry Schein's annual report discusses its business, which involves selling products and services to customers, and its financial results for the year. The filing also addresses liquidity, capital allocation, and factors that could affect future performance.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$13.2B
Revenue reported for the fiscal year.
Operating income
$653M
Income from operations reported for the year.
Net income
$398M
Net income reported for the year.
Operating cash flow
$712M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $12.6B | +2.0% |
| Dec 30, 2023 | $12.3B | -2.4% |
| Dec 28, 2024 | $12.7B | +2.7% |
| Dec 27, 2025 | $13.2B | +4.0% |
Business overview
The company's business involves selling products and services to customers, requiring significant working capital investment. Demand from customers and access to supplier products are key to its operations.
Financial performance
Revenue increased compared to the prior year, and the company reported operating income, net income, and operating cash flow. Revenue has trended upward over the past several years, with the most recent period showing an increase.
Material risks
The filing notes that the company's cash flow generation depends on continued customer demand and supplier access. No specific risk factors are detailed in the supplied text beyond these general dependencies.
Liquidity and capital
The company finances operations through cash from operations, revolving credit, and debt. Capital requirements include acquisitions, debt repayments, working capital, and stock repurchases, with working capital needs fluctuating due to inventory purchase patterns and seasonal demand.
What to watch
Monitor changes in inventory purchase patterns and special forward buy-in opportunities, as they affect working capital requirements.