MDLN vs. BLSH

Last updated Jun 4, 2026

MDLN (Medline Inc) and BLSH (Bullish) are both stocks. MDLN operates in Medical Instruments & Supplies (Healthcare), while BLSH operates in Software - Infrastructure (Technology). At a 0.10 correlation, their price movements are largely independent.

Performance

MDLN vs. BLSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Medline Inc (MDLN) and Bullish (BLSH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDLN achieves a -17.93% return, which is significantly higher than BLSH's -25.80% return.

MDLN

• 1D: 3.86%
• 1M: -22.00%
• YTD: -17.93%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLSH

• 1D: -7.99%
• 1M: -30.96%
• YTD: -25.80%
• 6M: -39.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MDLN vs. BLSH - Yearly Performance Comparison

	2026 (YTD)	2025
MDLN Medline Inc	-17.93%	2.44%
BLSH Bullish	-25.80%	-10.15%

Correlation

The correlation between MDLN and BLSH is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.10

Fundamentals

Market Cap MDLN : $28.44B BLSH : $4.25B
EPS MDLN : $1.20 BLSH : -$6.90
PS Ratio MDLN : 0.95 BLSH : 0.02
PB Ratio MDLN : 2.52 BLSH : 1.60
Total Revenue (TTM) MDLN : $29.14B BLSH : $216.53B
Gross Profit (TTM) MDLN : $7.01B BLSH : $45.04M
EBITDA (TTM) MDLN : $2.95B BLSH : -$446.11M

Return for Risk

MDLN vs. BLSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Medline Inc (MDLN) and Bullish (BLSH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MDLN	BLSH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.75	-0.84	+0.09

Drawdowns

MDLN vs. BLSH - Drawdown Comparison

The maximum MDLN drawdown since its inception was -33.61%, smaller than the maximum BLSH drawdown of -66.64%. Use the drawdown chart below to compare losses from any high point for MDLN and BLSH.

Drawdown Indicators

	MDLN	BLSH	Difference
Max Drawdown Largest peak-to-trough decline	-33.61%	-66.64%	+33.03%
Current Drawdown Current decline from peak	-31.05%	-62.35%	+31.30%
Average Drawdown Average peak-to-trough decline	-10.36%	-40.50%	+30.14%

Volatility

Volatility by Period

	MDLN	BLSH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	42.57%	80.04%	-37.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.57%	80.04%	-37.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.57%	80.04%	-37.47%

Dividends

MDLN vs. BLSH - Dividend Comparison

Neither MDLN nor BLSH has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

MDLN vs. BLSH - Profitability Comparison

The chart below illustrates the profitability comparison between Medline Inc and Bullish over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MDLN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Medline Inc reported a gross profit of 1.67B and revenue of 7.35B. Therefore, the gross margin over that period was 22.7%.

BLSH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bullish reported a gross profit of 17.78M and revenue of 51.81B. Therefore, the gross margin over that period was 0.0%.

MDLN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Medline Inc reported an operating income of 422.00M and revenue of 7.35B, resulting in an operating margin of 5.7%.

BLSH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bullish reported an operating income of -57.85M and revenue of 51.81B, resulting in an operating margin of -0.1%.

MDLN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Medline Inc reported a net income of 129.00M and revenue of 7.35B, resulting in a net margin of 1.8%.

BLSH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bullish reported a net income of -581.71M and revenue of 51.81B, resulting in a net margin of -1.1%.

Frequently Asked Questions

Can I hold both MDLN and BLSH in my portfolio?

MDLN and BLSH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.