Henry Schein (HSIC) Gross Margin (2009 - 2026)
Henry Schein's (HSIC) quarterly Gross Margin came in at 31.77% in Q1 2026, up 20.0% year-on-year from 26.47% in Q1 2025, and up 2.72% quarter-over-quarter from 30.93% in Q4 2025.
Henry Schein (HSIC) Gross Margin (2009 - 2026) Analysis & Trends
Henry Schein's Gross Margin history runs 18 years deep, the most recent figure standing at 31.77% for Q1 2026.
- On a quarterly basis, Gross Margin rose 20.0% year-over-year to 31.77% in Q1 2026; TTM through Mar 2026 was 31.19%, a 41.0% decrease from a year earlier, with the FY2025 full-year figure at 31.14%, down 55.0% from the prior year.
- Gross Margin improved to 31.77% in Q1 2026 per HSIC's latest filing, from 30.93% in the prior quarter.
- Across five years, Gross Margin topped out at 32.46% in Q2 2024 and bottomed at 29.64% in Q4 2022.
- The 5-year median for Gross Margin is 31.29% (2024), against an average of 31.14%.
- Across the five-year window, Gross Margin jumped 167 bps in 2023 and slumped 110 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 29.64% in 2022, then gained by 3 bps to 30.63% in 2023, then increased by 2 bps to 31.12% in 2024, then slipped by 1 bps to 30.93% in 2025, then advanced by 3 bps to 31.77% in 2026.
- Per Business Quant, the three latest HSIC Gross Margin figures stand at 31.77% (Q1 2026), 30.93% (Q4 2025), and 30.73% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Mckesson | 105.15 Bn | 101.18 Bn | 4.04 Bn | 4.20% |
| 2 | Cencora | 60.58 Bn | 58.40 Bn | 3.59 Bn | 4.58% |
| 3 | Cardinal Health | 53.81 Bn | 49.87 Bn | 2.50 Bn | 4.10% |
| 4 | Henry Schein | 9.71 Bn | 9.57 Bn | 1.07 Bn | 31.77% |
| 5 | Akso Health | 3.28 Bn | 3.28 Bn | - | - |
| 6 | 111 | 651.73 Mn | 572.63 Mn | 23.58 Mn | 5.85% |
| 7 | Accendra Health | 248.02 Mn | -88.86 Mn | 278.03 Mn | 44.29% |
| 8 | Edap Tms | 230.14 Mn | 215.14 Mn | 8.15 Mn | 45.73% |
| 9 | VitaNova Life Sciences | 11.51 Mn | 11.01 Mn | 316,343.00 | 44.58% |
| 10 | Cosmos Health | 9.57 Mn | 7.41 Mn | 1.38 Mn | 7.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 31.77% |
| Dec 27, 2025 | 30.93% |
| Sep 27, 2025 | 30.73% |
| Jun 28, 2025 | 31.36% |
| Mar 29, 2025 | 31.57% |
| Dec 28, 2024 | 31.12% |
| Sep 28, 2024 | 31.29% |
| Jun 29, 2024 | 32.46% |
| Mar 30, 2024 | 31.90% |
| Dec 30, 2023 | 30.63% |
| Sep 30, 2023 | 31.47% |
| Jul 1, 2023 | 31.45% |
| Apr 1, 2023 | 31.57% |
| Dec 31, 2022 | 29.64% |
| Sep 24, 2022 | 29.80% |
| Jun 25, 2022 | 31.19% |
| Mar 26, 2022 | 30.61% |
| Dec 25, 2021 | 29.42% |
| Sep 25, 2021 | 28.70% |
| Jun 26, 2021 | 30.03% |