Medline Inc.: stock overview

MDLNNASDAQHealthcare · Surgical & Medical Instruments & Apparatus

Price

$39.47

November 13, 2026Market cap $32.0B

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  • The full history: 3 fiscal years, from 2023
  • The estimated fair value, with its range and its certainty
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In short

Medline had revenue of $30.7B over the last 12 months and net income of $582M, a net margin of 1.9%. Revenue grew by 10.6% a year on average over the last 2 years. At $39.47 the shares trade at a P/E of 54.9. It has net debt of $9.0B. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$32.0B
810M shares
P/E
54.9
Revenue, 12 months
$30.7B
+10.6% a year over 2 years
Net margin
1.9%

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+10.6% a year over 2 years

  • 202510-K
    Revenue$28.4B
  • 2024
    Revenue$25.5B
  • 2023
    Revenue$23.2B

Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 
$32.0B
Enterprise value 
$40.9B
P/E 
54.9
EV / EBIT 
23.5
EV / Revenue 
1.3
P/B 
2.7
FCF yield 
5.9%
Earnings yield 
1.8%

Profitability

Gross margin 
25.7%
Operating margin 
5.7%
Net margin 3-year median: 4.1%
1.9%
ROIC 
5.7%
ROIC, 5-year average 
8.9%
ROE 
5.4%

Growth

Revenue, yearly change 
+11.5%
EPS, yearly change 
–
FCF, yearly change 
-8.3%
Revenue, average a year 
+10.6%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$3.6B
Total debt 
$12.6B
Of which operating leases 
$68M
Net debt 
$9.0B
Net debt / EBITDA 
3.3x
Interest cover 
2.5x
Current ratio 
4.04

Balance sheet of September 26, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
0.10%
Total returned 
0.10%
Shares, yearly change 
–
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 38).

Gross margin

26.4%

Above 6% of the 161 companies in its industry, and 32% of all.

Operating margin

7.8%

Above 59% of the 186 companies in its industry, and 58% of all.

ROE

10,775.8%

Above 100% of the 174 companies in its industry, and 100% of all.

ROA

3,006.4%

Above 100% of the 190 companies in its industry, and 100% of all.

Revenue growth

11.5%

Above 62% of the 186 companies in its industry, and 66% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Medline Inc.
CIK
2046386
Exchange
NASDAQ
Industry (SIC)
3841 · Surgical & Medical Instruments & Apparatus
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
810M

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The full analysis

What do Medline's filings show?

These are Medline's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about MDLN

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What is MDLN's market cap?

Medline Inc.'s market cap is $32.0B, at a price of $39.47 on November 13, 2026 and 810M shares.

What is MDLN's P/E?

MDLN's P/E is 54.9, on earnings per share of $0.72 over the last 12 months.

How much revenue does MDLN have?

Medline had revenue of $30.7B over the last 12 months. Over the last 2 years it changed by +10.6% a year on average.

Does MDLN pay a dividend?

No. Medline paid no regular dividend over the last 12 months.

Where do the figures come from?

From Medline Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.