MDLN
Medline Inc.
NasdaqGSUSDEQUITY
Healthcare
DELAYED
Neutral
+1/100
Last price
35.55
▼ 0.25 (0.70%)
MARKET · —
Price
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
35.80
Day high
36.88
Day low
35.30
Volume
8.88M
Market cap
$47.83B
P/E (TTM)
88.88
52W range
31.49 – 50.88
Trailing performance
Returnvs SPY
1W
+1.63%
-0.3%
1M
-2.84%
-4.0%
3M
-11.79%
-16.3%
6M
-17.56%
-35.7%
YTD
-15.36%
-29.6%
1Y
—
-16.4%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MDLN open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-60.24M
Net selling
Buy transactions
8
30.16M shares
Sell transactions
7
90.40M shares
Net transactions
+15
Buys less sells
Sell : buy shares
3.0 : 1
Mixed
Insider-held shares
2.26M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Oct 6, 26 | GIC PRIVATE LTD Beneficial Owner of more than 10% of a Class of Security |
SELL | 20.68M | $721.64M | Indirect |
| Aug 14, 26 | GIC PRIVATE LTD Beneficial Owner of more than 10% of a Class of Security |
SELL | 1.60M | $57.28M | Indirect |
| Aug 7, 26 | GIC PRIVATE LTD Beneficial Owner of more than 10% of a Class of Security |
SELL | 590.28K | $21.00M | Indirect |
| Aug 6, 26 | GIC PRIVATE LTD Beneficial Owner of more than 10% of a Class of Security |
SELL | 2.25M | $79.97M | Indirect |
| Aug 6, 26 | MOZART HOLDCO INC Beneficial Owner of more than 10% of a Class of Security |
— | 500.00K | — | Direct |
| Jun 16, 26 | GOLWAS DOUGLAS P. Officer and Beneficial Owner of more than 10% of a Class of Security |
SELL | 100.00K | $3.68M | Direct |
| Jun 16, 26 | GOLWAS DOUGLAS P. Officer and Beneficial Owner of more than 10% of a Class of Security |
— | 100.00K | — | Direct |
| Jun 11, 26 | GALANTI RICHARD ALAN Director |
STOCK | 16.39K | $0 | Direct |
| Jun 11, 26 | BLUEDORN TODD M Director |
STOCK | 15.73K | $0 | Direct |
| Jun 11, 26 | SWEET THOMAS W. CPA Director |
STOCK | 17.80K | $0 | |
| Jun 5, 26 | CORCORAN JESSI L Officer |
BUY | 5.00K | $170.75K | Direct |
| May 28, 26 | HELLMAN & FRIEDMAN CAPITAL PARTNERS X PARALLEL, L.P Beneficial Owner of more than 10% of a Class of Security |
SELL | 31.87M | $1.16B | Indirect |
| May 28, 26 | BX MOZART ML-2 HOLDCO L.P. Beneficial Owner of more than 10% of a Class of Security |
SELL | 33.32M | $1.22B | Indirect |
| May 21, 26 | HELLMAN & FRIEDMAN CAPITAL PARTNERS X PARALLEL, L.P Beneficial Owner of more than 10% of a Class of Security |
— | 18.16M | — | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BX MOZART ML-1 HOLDCO L.P. |
Beneficial Owner of more than 10% of a Class of Security | — | Conversion of Exercise of derivative security |
BX MOZART ML-2 HOLDCO L.P. |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
CARLYLE GROUP, INC. |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
GIC PRIVATE LTD |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
HELLMAN & FRIEDMAN CAPITAL PARTNERS X PARALLEL, L.P |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
MILLS ANDREW J. |
Director | — | Purchase |
MILLS CHARLES N. |
Director | — | Purchase |
MOZART AGGREGATOR II LP |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
MOZART HOLDCO INC |
Beneficial Owner of more than 10% of a Class of Security | 787.65K | Conversion of Exercise of derivative security |
TC GROUP VII S1, L.L.C. |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
Fundamentals
Market cap$47.83B
Enterprise value$48.63B
Revenue (TTM)$29.94B
Gross profit$7.51B
EBITDA$2.52B
Net income$701.00M
EPS (TTM)$0.40
Free cash flow$850.63M
Total cash$2.70B
Total debt$12.64B
Book value / share$13.20
Shares outstanding877.35M
Float341.00M
Short % of float9.81%
Dividend yield0.00%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E88.88
Forward P/E22.55
PEG ratio—
Price / sales—
Price / book2.69
EV / revenue1.62
EV / EBITDA19.32
Gross margin25.09%
Operating margin0.82%
Profit margin2.31%
Return on equity4.93%
Return on assets2.46%
Debt / equity66.26
Current ratio4.33
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $28.43B | — | — | — | — |
| Operating revenue | $28.43B | — | — | — | — |
| Cost of revenue | $20.91B | — | — | — | — |
| Gross profit | $7.52B | — | — | — | — |
| Selling, general & admin | $4.52B | — | — | — | — |
| Total operating expense | $5.31B | — | — | — | — |
| Operating income | $2.21B | — | — | — | — |
| Net interest income | -$812.00M | — | — | — | — |
| Pre-tax income | $1.25B | — | — | — | — |
| Tax provision | $91.00M | — | — | — | — |
| Net income | $1.16B | — | — | — | — |
| Net income to common | $1.16B | — | — | — | — |
| Basic EPS | -0.01 | 0.66 | 0.13 | -0.01 | -101.5% |
| Diluted EPS | -0.01 | 0.66 | 0.13 | -0.01 | -101.5% |
| EBIT | $2.06B | — | — | — | — |
| EBITDA | $3.07B | — | — | — | — |
| Basic shares | 810.00M | 1.83B | 1.83B | 1.83B | -55.7% |
| Diluted shares | 810.00M | 1.83B | 1.83B | 1.83B | -55.7% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $1.94B | — | — | — |
| Cash & short-term investments | $1.94B | — | — | — |
| Accounts receivable | $3.53B | — | — | — |
| Inventory | $4.77B | — | — | — |
| Total current assets | $10.68B | — | — | — |
| Property, plant & equipment | $4.78B | — | — | — |
| Goodwill & intangibles | $21.97B | — | — | — |
| Total assets | $38.48B | — | — | — |
| Total current liabilities | $2.49B | — | — | — |
| Current debt | $77.00M | — | — | — |
| Long-term debt | $12.48B | — | — | — |
| Total debt | $12.63B | — | — | — |
| Total liabilities | $19.20B | — | — | — |
| Retained earnings | -$7.00M | $0 | — | — |
| Shareholder equity | $10.74B | $16.52B | $55.00M | -35.0% |
| Working capital | $8.19B | — | — | — |
| Net tangible assets | -$11.23B | -$6.10B | -$22.27B | -84.2% |
| Shares issued | 812.00M | 812.00M | 799.80M | 0.0% |
| Line item | 2025 | 2023 | YoY |
|---|---|---|---|
| Net income | $1.16B | — | — |
| Depreciation & amortisation | $1.01B | — | — |
| Stock-based compensation | $76.00M | — | — |
| Change in working capital | -$783.00M | $199.00M | -493.5% |
| Operating cash flow | $1.74B | — | — |
| Capital expenditure | -$447.00M | -$275.00M | -62.5% |
| Investing cash flow | -$474.00M | — | — |
| Share buybacks | -$2.00B | — | — |
| Dividends paid | -$518.00M | — | — |
| Financing cash flow | $399.00M | — | — |
| Free cash flow | $1.30B | $1.41B | -8.0% |
| End cash position | $1.94B | — | — |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $7.68B | $7.35B | $7.79B | — | — | $6.64B | +4.5% |
| Operating revenue | $7.68B | $7.35B | $7.79B | — | — | $6.64B | +4.5% |
| Cost of revenue | $5.47B | $5.51B | $5.87B | — | — | $4.82B | -0.7% |
| Gross profit | $2.21B | $1.84B | $1.91B | — | — | $1.82B | +20.3% |
| Selling, general & admin | $1.29B | $1.23B | $1.26B | — | — | $1.07B | +5.5% |
| Total operating expense | $1.82B | $1.42B | $1.49B | — | — | $1.25B | +28.3% |
| Operating income | $395.00M | $422.00M | $425.00M | — | — | $571.00M | -6.4% |
| Net interest income | -$119.00M | -$136.00M | -$166.00M | — | — | -$210.00M | +12.5% |
| Pre-tax income | $235.00M | $291.00M | $206.00M | — | — | $338.00M | -19.2% |
| Tax provision | $96.00M | $52.00M | $26.00M | — | — | $16.00M | +84.6% |
| Net income | $60.00M | $129.00M | $182.00M | — | — | $322.00M | -53.5% |
| Net income to common | $59.00M | $132.00M | $182.00M | — | — | $322.00M | -55.3% |
| Basic EPS | 0.07 | 0.16 | -0.01 | 0.18 | 0.42 | — | -56.3% |
| Diluted EPS | 0.07 | 0.16 | -0.01 | 0.18 | 0.42 | — | -56.3% |
| EBIT | $403.00M | $456.00M | $372.00M | — | $612.00M | $582.00M | -11.6% |
| EBITDA | $659.00M | $710.00M | $633.00M | — | $862.00M | $829.00M | -7.2% |
| Basic shares | 857.00M | 819.00M | 810.00M | 1.83B | 799.80M | — | +4.6% |
| Diluted shares | 861.00M | 825.00M | 810.00M | 1.83B | 799.80M | — | +4.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.33B | $2.24B | $1.94B | — | — | +4.1% |
| Cash & short-term investments | $2.68B | $2.24B | $1.94B | — | — | +19.7% |
| Accounts receivable | $3.66B | $3.67B | $3.53B | — | — | -0.4% |
| Inventory | $4.67B | $4.81B | $4.77B | — | — | -3.0% |
| Total current assets | $11.74B | $11.18B | $10.68B | — | — | +5.0% |
| Property, plant & equipment | $4.70B | $4.76B | $4.78B | — | — | -1.3% |
| Goodwill & intangibles | $21.61B | $21.79B | $21.97B | — | — | -0.8% |
| Total assets | $39.35B | $39.01B | $38.48B | — | — | +0.9% |
| Total current liabilities | $2.71B | $2.54B | $2.49B | — | — | +6.9% |
| Current debt | $29.00M | $77.00M | $77.00M | — | — | -62.3% |
| Long-term debt | $12.55B | $12.49B | $12.48B | — | — | +0.4% |
| Total debt | $12.64B | $12.64B | $12.63B | — | — | +0.0% |
| Total liabilities | $20.27B | $19.66B | $19.20B | — | — | +3.1% |
| Retained earnings | $182.00M | $122.00M | -$7.00M | — | — | +49.2% |
| Shareholder equity | $11.57B | $11.27B | $10.74B | $127.00M | $128.00M | +2.7% |
| Working capital | $9.03B | $8.64B | $8.19B | — | — | +4.5% |
| Net tangible assets | -$10.04B | -$10.52B | -$11.23B | -$22.01B | -$22.19B | +4.6% |
| Shares issued | 877.00M | 846.00M | 812.00M | 799.80M | 799.80M | +3.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $139.00M | $239.00M | $180.00M | $333.00M | $322.00M | -41.8% |
| Depreciation & amortisation | $256.00M | $254.00M | $261.00M | $250.00M | $247.00M | +0.8% |
| Stock-based compensation | $29.00M | $23.00M | $27.00M | $15.00M | $19.00M | +26.1% |
| Change in working capital | -$163.00M | -$161.00M | -$282.00M | -$507.00M | $5.00M | -1.2% |
| Operating cash flow | $715.00M | $412.00M | $229.00M | $197.00M | $682.00M | +73.5% |
| Capital expenditure | -$111.00M | -$96.00M | -$138.00M | -$110.00M | -$98.00M | -15.6% |
| Investing cash flow | -$461.00M | -$96.00M | -$138.00M | -$143.00M | -$92.00M | -380.2% |
| Share buybacks | $0 | $0 | -$1.97B | -$6.00M | -$9.00M | — |
| Dividends paid | — | — | -$96.00M | — | — | — |
| Financing cash flow | -$159.00M | -$13.00M | $897.00M | -$328.00M | -$9.00M | -1,123.1% |
| Free cash flow | $604.00M | $316.00M | $91.00M | $87.00M | $584.00M | +91.1% |
| End cash position | $2.33B | $2.24B | $1.94B | $584.00M | $840.00M | +4.1% |
Options analytics
Put / call volume
16.51
Put-heavy session
Put / call open interest
0.04
Positioning, not flow
Max pain
30.00
-15.6% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
191
Contracts, this expiry
Put volume
3.15K
Contracts, this expiry
Heaviest call OI
35.00
2.17K contracts
Heaviest put OI
30.00
115 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.32 | 0.50 | +55.8% |
| Mar 2026 | 0.29 | 0.33 | +12.2% |
| Dec 2025 | 0.24 | 0.31 | +30.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.35 | 23 | $7.72B | — |
| Next quarter | 0.40 | 22 | $8.47B | +8.8% |
| Current year | 1.55 | 18 | $31.23B | +9.8% |
| Next year | 1.58 | 25 | $33.68B | +7.9% |
Analyst targets & ownership
Mean target$44.50
High target$55.00
Low target$34.00
Implied upside25.18%
Analyst count26
ConsensusBUY
Strong buy / Buy7 / 16
Hold4
Sell / Strong sell0 / 0
Held by insiders0.26%
Held by institutions115.48%
Institutions holding570
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
35.03
+1.48% from price
SMA 20
33.86
+5.00% from price
SMA 50
35.19
+1.02% from price
SMA 100
36.48
-2.55% from price
SMA 200
40.28
-11.75% from price
EMA 12
34.84
+2.03% from price
EMA 26
34.67
+2.53% from price
EMA 50
35.31
+0.68% from price
RSI (14)
56.1
Neutral
MACD (12,26,9)
0.17
Hist 0.34
ATR (14)
1.21
3.39% of price
Realised vol 30D
38.0%
Annualised
Bollinger upper
36.58
20, 2σ
Bollinger lower
31.13
20, 2σ
50 / 200 cross
Death
35.19 vs 40.28
Trend bias
Below 200
-11.75%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.60
Less volatile than market
Correlation to SPY
0.17
Largely independent
Realised vol 30D
38.0%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-36.7%
Peak to trough
Max drawdown 5Y
-36.7%
Peak to trough
ATR 14
1.21
3.39% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
41.31M
Prior 36.17M
Change vs prior
+14.2%
Shorts adding
% of float
9.81%
Normal
% of shares out
4.71%
Against total outstanding
Days to cover
6.3
Crowded exit
Float
341.00M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 25, 26 | UBS | MAINTAINED | Buy | Buy |
| Aug 27, 26 | BTIG | MAINTAINED | Buy | Buy |
| Aug 12, 26 | JP Morgan | MAINTAINED | Overweight | Overweight |
| Aug 11, 26 | Tigress Financial | MAINTAINED | Buy | Buy |
| Aug 11, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Aug 10, 26 | TD Cowen | MAINTAINED | Buy | Buy |
| Aug 6, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Aug 6, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Aug 6, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Aug 6, 26 | Stifel | MAINTAINED | Buy | Buy |
| Jul 31, 26 | BTIG | MAINTAINED | Buy | Buy |
| Jun 3, 26 | Baird | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Periodic Financial Reports
10-Q · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-09
Corporate Changes & Voting Matters
8-K · 2026-06-12
Corporate Changes & Voting Matters
8-K · 2026-06-02
Offering Registrations
S-1MEF · 2026-05-21
A correspondence can be sent as a document with another submission type or can be sent as a separate submission
CORRESP · 2026-05-20
Corporate Changes & Voting Matters
8-K · 2026-05-06
Proxy Statements
DEF 14A · 2026-04-23
Headlines
Medline to report third quarter 2026 results on November 4, 2026
GlobeNewswire · 22h ago
UBS Cuts Medline Price Target to $43 From $45, Maintains Buy Rating
MT Newswires · 12d ago
Astellas lists 431K sf Northbrook HQ in possible sale-leaseback play
The Real Deal · 13d ago
Medical Textile Market Global Report 2026: A $39.53 Billion Revenue Surge to $64.28 Billion by 2030 at 26.9% CAGR, Benchmark 3M, Medline Industries, Cardinal Health, and DuPont to Secure Market Share
GlobeNewswire · 14d ago
Medline (MDLN) Could Be 29% Undervalued As Its Pullback Tests Sentiment
Simply Wall St. · 17d ago
Medline (MDLN) Stock Could Trade Below Fair Value As Shares Fell 22%
Simply Wall St. · 18d ago
Medline (MDLN) Slips Amid Broader MedTech Weakness
Insider Monkey · 21d ago
Jim Cramer Names Medline (MDLN) a Sleeper Compounder
Insider Monkey · 27d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.