Cardinal Health vs Henry Schein
Cardinal Health reported revenue of $254.2 billion in fiscal 2026, 19.3 times Henry Schein's $13.2 billion in fiscal 2025. Cardinal Health's revenue grew 14.2% in its latest year, and Henry Schein's grew 4.0%. Cardinal Health had an operating margin of 1.0%, against 5.0% at Henry Schein. Free cash flow was $4.5 billion at Cardinal Health and $573 million at Henry Schein. Their fiscal years end in different months (June 30 and December 27), so the periods don't line up exactly.
Side by side
| Cardinal Health | Henry Schein | |
|---|---|---|
| Latest fiscal year | FY2026, Jun 30, 2026 | FY2025, Dec 27, 2025 |
| Revenue | $254.2B | $13.2B |
| Revenue growth | 14.2% | 4.0% |
| Revenue growth a year, last 5 years | 9.4% | 5.4% |
| Gross margin | 3.8% | 31.1% |
| Operating margin | 1.0% | 5.0% |
| Net margin | 0.7% | 3.0% |
| Free cash flow | $4.5B | $573M |
| Free cash flow margin | 1.8% | 4.3% |
| Return on capital | — | 7.5% |
| Net debt to EBITDA | 1.1x | 3.1x |
| Dividends and buybacks | $1.8B | $850M |
| Change in diluted share count | −2.1% | −4.7% |
| Last close | $251.54 | $84.51 |
| P/E at the last close | 34.8× | 24.6× |
| Insider trades, last 12 months | sold $61.6 million | bought $691,900, sold $8.6 million |
| Piotroski F-score | 6 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Cardinal HealthHenry Schein
Operating margin
Percent of revenue
Cardinal HealthHenry Schein
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Cardinal HealthHenry Schein
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Cardinal Health and Henry Schein pages.