HENRY SCHEIN INC（HSIC）の決算・業績分析
HENRY SCHEIN INCの2025年有価証券報告書をAI分析。売上高$13.2B(+4.0%)。営業利益$653M。Industrials。
目次
HENRY SCHEIN INCの2025年度 業績サマリー
HENRY SCHEIN INC（証券コード: HSIC）の2025年度決算・業績分析。売上高は$13.2B（前年比+4.0%）。営業利益は$653M（前年比+5.2%）。純利益は$398M（前年比+2.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
HENRY SCHEIN INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 2.0% YoY to $12.6B (XBRL), but operating income fell 12.3% YoY to $747M (XBRL) and net income declined 14.7% YoY to $538M (XBRL).
- Gross margin remained stable at 30.3% (XBRL), but operating margin dropped to 5.9% (XBRL) and net margin to 4.2% (XBRL).
- Share repurchases totaled $485M (XBRL), offsetting financing outflows of $315M (XBRL), while free cash flow reached $326M (XBRL).
- Historical 5-year revenue CAGR was 5.6% (XBRL), but operating income and net income CAGRs were 0.5% and -4.9%, respectively (XBRL).
HENRY SCHEIN INCの売上高変化の要因
- •Total revenue increased 2.0% YoY to $12.6B (XBRL), continuing a 5-year CAGR of 5.6% (XBRL). However, segment-specific revenue data is unavailable in the provided data (N/A). The historical time series shows revenue growth from $9.4B in FY2020 to $12.6B in FY2024, with a slight decline to $12.3B in FY2025 (per 10-K guidance).
HENRY SCHEIN INCの営業利益変化の要因
- •Gross profit was $3.8B (XBRL) with a gross margin of 30.3% (XBRL). Operating income declined 12.3% YoY to $747M (XBRL), and net income fell 14.7% YoY to $538M (XBRL). Operating margin dropped to 5.9% (XBRL) from prior years, while net margin was 4.2% (XBRL). No detailed cost structure or SG&A/R&D expense changes are provided (N/A).
HENRY SCHEIN INCの事業リスクと対応
N/A: No specific risk factors are quantified or detailed in the 10-K text (10-K).
N/A: No new risk factors added in FY2024 are mentioned (10-K).
N/A: No regulatory, legal, or geopolitical risks are explicitly highlighted (10-K).
N/A: No competitive or technology disruption risks are mentioned (10-K).
N/A: No detailed discussion of supply chain, macroeconomic, or geopolitical risks is provided (10-K).
HENRY SCHEIN INCの今後の見通し・業績予想
HENRY SCHEIN INCの事業内容
Henry Schein Inc. (HSIC) operates as a healthcare solutions provider, primarily serving dental and medical practitioners through product distribution, value-added services (e.g., financial services, education), and technology solutions (10-K). Key segments include Global Distribution and Value-Added Services, Global Specialty Products (e.g., dental implants), and Global Technology (practice management software) (10-K). The company serves diverse customers including dental practices, laboratories, physician practices, and government clinics, with no significant customer concentration (10-K). Competitive advantages include a global distribution network (5.4M sq ft of warehouse space), a single-source supply model, and strategic acquisitions (10-K).
HENRY SCHEIN INCのAI業績分析レポート（2024年度）
Henry Schein Inc. (HSIC) FY2024 Annual Report Analysis
Highlights
Business Overview
Henry Schein Inc. operates as a healthcare solutions provider, primarily serving dental and medical practitioners through product distribution, value-added services (e.g., financial services, education), and technology solutions (10-K). Key segments include Global Distribution and Value-Added Services, Global Specialty Products (e.g., dental implants), and Global Technology (practice management software) (10-K). The company serves diverse customers including dental practices, laboratories, physician practices, and government clinics, with no significant customer concentration (10-K). Competitive advantages include a global distribution network (5.4M sq ft of warehouse space), a single-source supply model, and strategic acquisitions (10-K).
Revenue Analysis
Total revenue increased 2.0% YoY to $12.6B (XBRL), continuing a 5-year CAGR of 5.6% (XBRL). However, segment-specific revenue data is unavailable in the provided data (N/A). The historical time series shows revenue growth from $9.4B in FY2020 to $12.6B in FY2024, with a slight decline to $12.3B in FY2025 (per 10-K guidance).
Profitability Analysis
Gross profit was $3.8B (XBRL) with a gross margin of 30.3% (XBRL). Operating income declined 12.3% YoY to $747M (XBRL), and net income fell 14.7% YoY to $538M (XBRL). Operating margin dropped to 5.9% (XBRL) from prior years, while net margin was 4.2% (XBRL). No detailed cost structure or SG&A/R&D expense changes are provided (N/A).
Balance Sheet Analysis
Equity ratio was 34.6% (XBRL), with a debt-to-equity ratio of 1.48x (XBRL). Current ratio was 1.67x (XBRL), and cash reserves stood at $171M (XBRL). Total assets grew to $10.6B in FY2024 (XBRL), while total equity increased to $3.7B (XBRL).
Cash Flow Analysis
Operating cash flow was $602M (XBRL), with free cash flow of $326M (XBRL). Investing cash flow was -$276M (XBRL), and financing cash flow was -$315M (XBRL), driven by $485M in share repurchases (XBRL). No CapEx or acquisition details are provided (N/A).
Working Capital Analysis
Cash conversion cycle (CCC) was 74 days (XBRL), with receivables days at 42 days (XBRL), inventory days at 75 days (XBRL), and payables days at 42 days (XBRL).
Risks
Outlook
Management guidance for FY2025 includes revenue of $12.3B (10-K), operating income of $615M (10-K), and net income of $416M (10-K). Key risks include supply chain disruptions, competition, macroeconomic factors, and geopolitical tensions (10-K).
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