Medline, Inc. Class A (MDLN)
NASDAQ:MDLN
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Medline
(NASDAQ:MDLN)
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Rating:55Neutral
Price Target:
$38.00
▼(-20.24% Downside)
Action:Reiterated
Date:05/07/26
The score is primarily supported by improving operating fundamentals (revenue growth and better gross margin) but is held back by meaningful leverage and inconsistent earnings-to-cash conversion. Technical indicators are bearish (below key moving averages with negative MACD and weak RSI/Stoch), and the high P/E provides limited valuation support.
Positive Factors
Sustained revenue scaling
Consistent top-line expansion through 2025 indicates durable demand for Medline's consumables and distribution services. Scale growth supports negotiating power with suppliers, broader customer penetration, and higher recurring volumes that underpin multi-quarter revenue visibility and capacity to invest in operations.
Negative Factors
Meaningful leverage
Debt near parity with equity and a rising debt-to-equity ratio reduce financial flexibility and increase vulnerability to demand shocks or cost inflation. Higher leverage constrains capital allocation, raises interest sensitivity, and limits ability to pursue M&A or invest incrementally without stressing coverage metrics.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue scaling
Consistent top-line expansion through 2025 indicates durable demand for Medline's consumables and distribution services. Scale growth supports negotiating power with suppliers, broader customer penetration, and higher recurring volumes that underpin multi-quarter revenue visibility and capacity to invest in operations.
Read all positive factors
Medline (MDLN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$48.62B
Dividend YieldN/A
Average Volume (3M)8.06M
Price to Earnings (P/E)70.6
Beta (1Y)1.19
Revenue Growth12.07%
EPS Growth-22.07%
CountryUS
Employees43,000
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)1.21
Shares Outstanding845,606,200
10 Day Avg. Volume11,848,748
30 Day Avg. Volume8,056,862
Financial Highlights & Ratios
PEG Ratio-4.97
Price to Book (P/B)3.18
Price to Sales (P/S)1.20
P/FCF Ratio19.56
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue1.43
Enterprise Value/Gross Profit5.94
Enterprise Value/Ebitda14.14
Forecast
1Y Price Target
$52.40Price Target Upside9.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering20
EPS Forecast (FY)1.51
Revenue Forecast (FY)$31.09B
Medline Business Overview & Revenue Model
Company Description
Medline Inc. manufactures med-surg products serving the hospital, surgery centers, physician offices, post-acute facilities, and nursing home sites of care in the United States and Internationally. It operates through two segments: Medline Brand a...
How the Company Makes Money
Medline primarily makes money by manufacturing and selling its own branded medical consumables and by distributing medical-surgical supplies and equipment from third-party manufacturers to healthcare providers. Key revenue streams include: (1) sal...
Medline Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 29.14B | 28.43B | 25.51B | 23.23B |
| Gross Profit | 7.01B | 7.52B | 6.29B | 5.22B |
| EBITDA | 2.94B | 2.92B | 3.53B | 2.59B |
| Net Income | 964.00M | 1.16B | 1.20B | 234.00M |
Balance Sheet | ||||
| Total Assets | 39.01B | 38.48B | 35.98B | 36.12B |
| Cash, Cash Equivalents and Short-Term Investments | 2.24B | 1.94B | 250.00M | 1.58B |
| Total Debt | 12.57B | 12.56B | 16.90B | 16.83B |
| Total Liabilities | 19.66B | 19.20B | 19.45B | 19.14B |
| Stockholders Equity | 11.27B | 10.74B | 16.52B | 16.98B |
Cash Flow | ||||
| Free Cash Flow | 1.52B | 1.74B | 1.41B | 1.40B |
| Operating Cash Flow | 1.52B | 1.74B | 1.77B | 1.69B |
| Investing Cash Flow | -469.00M | -474.00M | -1.49B | -312.00M |
| Financing Cash Flow | 547.00M | 399.00M | -1.61B | -191.00M |
Medline Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $3.83B | 25.02 | 8.95% | ― | 11.34% | 12.26% | |
64 Neutral | $40.68B | -35.47 | 4.54% | 2.13% | 2.39% | -24.85% | |
57 Neutral | $3.33B | 26.54 | 2.19% | ― | -10.76% | ― | |
57 Neutral | $5.88B | -162.30 | -28.27% | 1.11% | -6.61% | -812.37% | |
55 Neutral | $48.62B | 70.63 | 6.87% | ― | 12.07% | -22.07% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
49 Neutral | $9.91B | -144.20 | -16.43% | 2.75% | -4.79% | -78.01% |
* Healthcare Sector Average
MDLN
Medline
36.16
-4.84
-11.80%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.