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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›MDLN›Financials
Annual statements · SEC XBRL · FY2023 – FY2025

Medline Inc. (MDLN) financials

Income statement

Medline Inc. (MDLN) income statement, annual, from SEC filings
Fiscal yearFY2023FY2024FY2025
Revenue$23.2B$25.5B$28.4B
Revenue growth—9.8%11.5%
Gross profit$5.88B$6.98B$7.52B
Gross margin25.3%27.3%26.4%
Operating income$1.25B$2.15B$2.21B
Operating margin5.4%8.4%7.8%
Net income$234M$1.16B$1.16B
Net margin1.0%4.6%4.1%
EPS (diluted)——-$0.01

Cash flow

Medline Inc. (MDLN) cash flow, annual, from SEC filings
Fiscal yearFY2023FY2024FY2025
Operating cash flow$1.69B$1.77B$1.74B
Capital expenditures$275M$354M$447M
Free cash flow$1.41B$1.42B$1.30B
Share buybacks$0.00$20.0M$33.0M

Balance sheet

Medline Inc. (MDLN) balance sheet, annual, from SEC filings
Fiscal yearFY2023FY2024FY2025
Cash & equivalents$1.58B$199M$1.94B
Total assets—$36.0B$38.5B
Total liabilities—$19.5B$19.2B
Long-term debt—$16.4B$12.5B
Shareholders' equity——$10.7B
Retained earnings——-$7.00M
Shares (wtd avg diluted)——810M

Every figure is extracted from Medline Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Medline Inc.'s annual revenue?
Medline Inc. (MDLN) reported $28.4B of revenue for fiscal year 2025 — up 11.5% from $25.5B in FY2024, per its annual report filed with the SEC.
Is Medline Inc. profitable?
Yes — MDLN earned $1.16B of net income in FY2025, a 4.1% net margin, per SEC filings.
What is Medline Inc.'s free cash flow?
$1.30B in FY2025 (operating cash flow $1.74B minus $447M of capital expenditures), from the SEC cash-flow statement.
Does MDLN pay a dividend?
Medline Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full MDLN analysis — verdict, score & filings →Is MDLN a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.