Henry Schein Inc (HSIC) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
Forensic Analysis · Trading Companies & Distributors · as of Sep 25, 2026
Henry Schein Inc (HSIC)
A forensic read on Henry Schein Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
3.6
Distress distance
Clean
Earnings quality
3
Forensic signals
23.5
P / E (ttm)
12.3%
ROE
$9.5B
Market cap
4.0%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Henry Schein Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 3.6, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
5.8%
FY2025
Return on invested capital.Return on invested capital is 5.8% in the latest fiscal year and steady across FY2023–FY2025, inside a 0.2-point range. After-tax operating profit was $479M in FY2023 and $499M in FY2025, with operating income at 5.0% of revenue in FY2023, 4.9% in FY2024 and 5.0% in FY2025. The capital base behind it barely moved across FY2023–FY2025 ($8.0B to $8.6B, +8%), so there has been little new capital for that return to be earned on.
148% of FCF
FY2025
Shareholder returns.Returned $850M to shareholders (buybacks + dividends) in FY2025 — 148% of free cash flow. That is $277M (48%) more than free cash flow covered, and more than operating cash flow as well. New debt covered it: total debt rose $457M over FY2025, while cash and short-term investments rose $34M. A payout past free cash flow draws the balance sheet down in every year it continues, which isn't sustainable indefinitely. Counting the $39M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 155%.
$13M
FY2024–FY2024
Goodwill impairments.Took $13M of goodwill writedowns across 1 year (FY2024 ($13M)) — about 3% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$13.18B
Revenue Growth YoY+4.0%
Revenue CAGR (2yr)+3.4%
Net Margin3.0%
Free Cash Flow$573.0M
Return on Equity12.3%
Debt / Equity0.72x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Henry Schein Inc's actual 10-K/10-Q/8-K filings?