What Are Medline Inc.'s Key Financial Figures?
| Fiscal year | FY2025 ended December 31, 2025 | FY2024 ended December 31, 2024 | FY2023 ended December 31, 2023 |
|---|---|---|---|
| Revenue | $28.4 billion | $25.5 billion | $23.2 billion |
| Operating income | $2.2 billion | $2.1 billion | $1.3 billion |
| Operating margin | 7.8% | 8.4% | 5.4% |
| Net income | $1157 billion | $1.2 billion | $234 million |
| Net margin | 4069.4% | 4.6% | 1.0% |
| Operating cash flow | $1.7 billion | $1.8 billion | $1.7 billion |
| Capital expenditures | $447 million | $354 million | $275 million |
| Free cash flow | $1.3 billion | $1.4 billion | $1.4 billion |
Operating margin narrowed by 0.6 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.3 billion against net income of $1157 billion; cash generation fell short of reported earnings, which is worth reconciling in the cash flow statement.
What Does Medline Inc.'s Balance Sheet Show?
| Cash and cash equivalents | $1.9 billion |
|---|---|
| Long-term debt | $12.5 billion |
| Total assets | $38.5 billion |
| Total liabilities | $19.2 billion |
| Shareholders' equity | $10.7 billion |
| Current ratio | 4.3x |
Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions.
Where These Numbers Come From
Every figure on this page is a value Medline Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0002046386-26-000009 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary.
Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation.
Frequently Asked Questions
What was Medline Inc.'s revenue in fiscal 2025?
Medline Inc. reported revenue of $28.4 billion for the fiscal year ended December 31, 2025, according to its SEC filings.
What is Medline Inc.'s operating margin?
Medline Inc.'s operating margin was 7.8% in fiscal 2025: operating income of $2.2 billion on revenue of $28.4 billion.
How much free cash flow did Medline Inc. generate?
Operating cash flow of $1.7 billion less capital expenditures of $447 million gives free cash flow of $1.3 billion for fiscal 2025.