Dentsply Sirona (XRAY) financial statements

Healthcare · Medical Instruments & Supplies · Market cap $1.7B

Dentsply Sirona reported revenue of $3.7B in fiscal 2025, down 0.2% a year over 9 years.

Net income was -$598M and the operating margin -11.5%, against 12.1% in 2016.

Free cash flow was $104M, and the company returned $128M in dividends.

The diluted share count fell 10% over the period (buybacks).

Revenue and free cash flow

Fiscal years, $ billions.

02462016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, from Dentsply Sirona's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue$3.7B$4.0B$4.0B$4.0B$3.3B$4.2B$3.9B$4.0B$3.8B$3.7B
Cost of revenue$1.7B$1.8B$1.9B$1.9B$1.7B$1.9B$1.8B$1.9B$1.8B$1.8B
Gross profit$2.0B$2.2B$2.1B$2.2B$1.7B$2.3B$2.1B$2.1B$2.0B$1.8B
Research and development$128M$152M$161M$143M$123M$171M$174M$184M$165M$150M
Selling, general and admin$1.5B$1.7B$1.7B$1.6B$1.3B$1.6B$1.6B$1.6B$1.6B$1.4B
Operating income$455M-$1.6B-$958M$353M-$3M$608M-$937M-$85M-$879M-$422M
Interest expense$36M$38M$37M$30M$48M$61M$65M$81M$69M$88M
Pre-tax income$441M-$1.6B-$958M$338M-$50M$545M-$1.1B-$175M-$936M-$486M
Income tax$10M-$53M$53M$82M$23M$134M-$105M-$43M-$26M$112M
Net income$430M-$1.6B-$1.0B$256M-$73M$411M-$950M-$132M-$910M-$598M
EPS (diluted)$1.94-$6.76-$4.51$1.14-$0.33$1.87-$4.41-$0.62-$4.48-$3.00
Diluted shares222M229M224M224M219M220M216M212M203M199M
Gross margin53.4%54.8%51.9%53.8%49.6%55.5%54.2%52.6%51.6%50.0%
Operating margin12.1%-39.1%-24.0%8.8%-0.1%14.4%-23.9%-2.1%-23.2%-11.5%
Net margin11.5%-38.8%-25.4%6.4%-2.2%9.7%-24.2%-3.3%-24.0%-16.2%

Balance sheet

Fiscal years, from Dentsply Sirona's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments$384M$321M$310M$405M$438M$339M$365M$334M$272M$326M
Inventory$517M$623M$599M$562M$476M$515M$627M$624M$564M$642M
Total current assets$1.7B$2.0B$1.9B$2.0B$1.8B$1.9B$1.9B$2.0B$1.7B$2.0B
Property, plant and equipment$800M$876M$871M$802M$791M$773M$761M$800M$766M$861M
Goodwill$6.0B$4.5B$3.4B$3.4B$4.0B$4.0B$2.7B$2.4B$1.6B$1.1B
Total assets$11.6B$10.4B$8.7B$8.6B$9.3B$9.2B$7.6B$7.4B$5.8B$5.4B
Total current liabilities$768M$954M$1.0B$995M$1.4B$1.3B$1.2B$1.4B$1.6B$1.3B
Long-term debt$1.5B$1.6B$1.6B$1.4B$2.0B$1.9B$1.8B$1.8B$1.6B$2.0B
Total liabilities$3.4B$3.7B$3.6B$3.5B$4.4B$4.2B$3.8B$4.1B$3.8B$4.1B
Shareholders' equity$8.1B$6.6B$5.1B$5.1B$4.9B$5.0B$3.8B$3.3B$1.9B$1.3B
Net debt$1.1B$1.3B$1.3B$1.0B$1.8B$1.8B$1.6B$1.8B$1.9B$2.0B

Cash flow

Fiscal years, from Dentsply Sirona's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow$563M$602M$500M$639M$649M$657M$517M$377M$461M$235M
Capital spending$125M$144M$183M$123M$87M$142M$149M$149M$180M$131M
Free cash flow$438M$458M$317M$516M$562M$515M$368M$228M$281M$104M
Stock-based compensation$41M$48M$21M$66M$47M$48M$59M$46M$39M$33M
Dividends paid$65M$78M$79M$81M$88M$92M$104M$116M$126M$128M
Share buybacks (net)-$814M-$401M-$250M-$260M-$140M-$200M-$150M-$300M-$250M$0
Net borrowing-$922M-$6M$51M-$320M-$699M-$102M-$60M$119M$90M$406M
Free cash flow margin11.7%11.5%8.0%12.8%16.8%12.2%9.4%5.8%7.4%2.8%
Dividends per share$0.29$0.34$0.35$0.36$0.40$0.42$0.48$0.55$0.62$0.64
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Questions

What was Dentsply Sirona's revenue in 2025?

$3.7B in fiscal 2025, from its 10-K filing.

How much free cash flow does Dentsply Sirona generate?

$104M in fiscal 2025 (operating cash flow minus capital spending).

From Dentsply Sirona's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.