Fundamental analysis · SEC EDGAR · TTM through 27/06/2026

Fundamental analysis of Medline Inc.

MDLN · Nasdaq · Healthcare

Fundamental quality

REASONABLE

65

out of 100

Medline Inc. is going through a tough financial stretch: it hasn't been profitable over the last twelve months. On fundamental quality it scores 65 out of 100, profiling it as a company of reasonable quality. Its weakest area is its profitability (net margin 3.2%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Medline is America's largest medical-supplies maker and distributor: gloves, gowns, dressings and hundreds of thousands of products hospitals consume daily, with its own brand and integrated logistics. A discreet giant newly arrived on the stock market after decades as a family company.

What will shape its future

  • Hospital volumes, its underlying demand: stable, recurring and unglamorous.
  • Private brand: making what it distributes gives it the margin others lack.
  • Its market debut: proving publicly the discipline it promised in private.

Breakdown by area

I.Growth
95

EPS growth: 77% · Revenue growth: 10.7%

II.Profitability
48

Net margin: 3.2% · ROE: 8.4% · ROIC: 6.8%

III.Financial health
51

Net debt/EBITDA: 3.61x · FCF: 5.2%

Source: SEC EDGAR · TTM through 27/06/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 29%
ROEbeats 29%
Growthbeats 63%
Cash generationbeats 24%
Less debtbeats 18%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Medline Inc. strengths

  • Growing earnings per share (77% annualized).
  • Revenue growing (10.7% annualized).
  • Expanding margins: net margin has risen from 1% to 4% in recent years.

Medline Inc. risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Its net debt has grown over the period.
  • High leverage (net debt of 3.61× EBITDA): more exposed to rates and to a rough patch.
  • Thin margins (net margin of 3.2%), little cushion for setbacks.

Medline Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202323,2312341,410-1,585
202425,5071,1631,41516,293
202528,4321,1591,29710,621

Between 2023 and 2025, revenue went from $23,231M to $28,432M (+22%) and net income went from $234M to $1,159M (+395%). Meanwhile, its margins have widened (from 1% to 4%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 27, 2026, versus the half-year ended June 28, 2025 (SEC filings):

  • Revenue+11.1%
  • Net income-57.8%

What changed with the June 27, 2026 results

Compared with the previous close (March 28, 2026), this is what moved in its accounts:

  • Quality score6465
  • Net margin3.7%3.2%
  • ROE9.6%8.4%
  • FCF margin3.5%5.2%
  • Net debt/EBITDA3.35×3.61×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Medline Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Medline Inc. a good company to invest in?

In terms of business quality, Medline Inc. scores 65 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Medline Inc. a profitable company?

Medline Inc. is profitable, with a net margin of 3.2%, though a thin one.

Does Medline Inc. have a lot of debt?

Yes, its leverage is high: net debt is 3.61 times its EBITDA, and it has been rising.

Is Medline Inc. growing?

Its revenue has grown 10.7% annualized in recent years and its earnings per share 77%.

Does Medline Inc. generate cash?

Yes. It converts about 5.2% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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