Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $10,119 | $12,401 | $12,647 | $12,339 | $12,673 |
| Gross Profit | $2,814 | $3,672 | $3,831 | $3,861 | $4,016 |
| Operating Income | $535 | $852 | $747 | $615 | $621 |
| Net Income | $404 | $631 | $538 | $416 | $390 |
Over the five-year period, Henry Schein, Inc. experienced a robust rebound in 2021 after 2020, with revenue increasing from approximately 10,119 million USD to 12,401 million USD—a surge of over 22%. Gross profit followed a similar upward trajectory, rising from 2,814 million USD in 2020 to 3,672 million USD in 2021 while continuing modest increases in subsequent years, reaching 4,016 million USD by 2024. However, the operating income and net income tell a different story. Operating income spiked to 851 million USD in 2021 from 535 million USD in 2020 but then declined to 747 million USD in 2022 and hovered near 615–621 million USD in 2023 and 2024. Net income peaked at 631 million USD in 2021 but experienced a substantial decline in following years, reaching 538 million USD in 2022, and then dipping by over 20% to 416 million USD in 2023, and further decreasing to 390 million USD in 2024. This divergence between steadily maintained revenue and gross profit versus the declining operating and net incomes suggests rising operational costs or margin pressure following a period of strong top-line growth. The pronounced swings, particularly the >20% drop in net income from the 2021 peak into 2023, may indicate challenges in managing expenses or potential shifts in market dynamics and cost structures within the healthcare distribution industry. Overall, while the company appears solid in generating revenue, the recent deterioration in profitability raises concerns regarding operational efficiency and sustainability. Maintaining tight control over costs and achieving a balance between growth and expense management will be critical for Henry Schein, Inc. to sustain its financial health in a competitive market environment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.