NASDAQ : XRAY
DENTSPLY SIRONA Inc. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
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Financial statements
DENTSPLY SIRONA Inc. (XRAY) reported revenue of 3.64B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.64B | 3.68B | 3.79B | 3.96B | 3.92B | 4.23B |
| Cost of Revenue | 1.84B | 1.84B | 1.82B | 1.88B | 1.79B | 1.89B |
| Gross Profit | 1.80B | 1.84B | 1.97B | 2.09B | 2.13B | 2.34B |
| Selling, General & Admin | 1.46B | 1.45B | 1.58B | 1.62B | 1.60B | 1.55B |
| Research & Development | 166.00M | 150.00M | 165.00M | 184.00M | 174.00M | 171.00M |
| Operating Expenses | 1.63B | 1.59B | 1.75B | 1.80B | 1.77B | 1.72B |
| Operating Income | 177.00M | 245.00M | 222.00M | 289.00M | 357.00M | 626.00M |
| Interest Expense | -104.00M | -102.00M | -89.00M | -97.00M | -76.00M | -64.00M |
| Interest & Investment Income | 13.00M | 14.00M | 20.00M | 16.00M | 11.00M | 3.00M |
| Earnings From Equity Investments | -36.00M | 32.00M | ||||
| Currency Exchange Gain (Loss) | 58.00M | 32.00M | 21.00M | 11.00M | -6.00M | 9.00M |
| Other Non Operating Income (Expenses) | 4.00M | -1.00M | -13.00M | -4.00M | -36.00M | |
| EBT Excluding Unusual Items | 148.00M | 189.00M | 173.00M | 206.00M | 246.00M | 570.00M |
| Merger & Restructuring Charges | -80.00M | -25.00M | -95.00M | -74.00M | -14.00M | -28.00M |
| Impairment of Goodwill | -369.00M | -525.00M | -773.00M | -291.00M | -1.19B | |
| Gain (Loss) on Sale of Assets | 3.00M | |||||
| Asset Writedown | -46.00M | -125.00M | -241.00M | -16.00M | -100.00M | |
| Pretax Income | -347.00M | -486.00M | -936.00M | -175.00M | -1.05B | 545.00M |
| Income Tax Expense | 200.00M | 112.00M | -26.00M | -43.00M | -105.00M | 134.00M |
| Earnings From Continuing Operations | -547.00M | -598.00M | -910.00M | -132.00M | -950.00M | 411.00M |
| Minority Interest in Earnings | 1.00M | |||||
| Net Income | -546.00M | -598.00M | -910.00M | -132.00M | -950.00M | 411.00M |
| Net Income to Common | -546.00M | -598.00M | -910.00M | -132.00M | -950.00M | 411.00M |
| Shares Outstanding (Basic) | 199.70M | 199.40M | 203.20M | 212.00M | 215.50M | 218.40M |
| Shares Outstanding (Diluted) | 199.70M | 199.40M | 203.20M | 212.00M | 215.50M | 220.20M |
| EPS (Basic) | -2.73 | -3.00 | -4.48 | -0.62 | -4.41 | 1.88 |
| EPS (Diluted) | -2.73 | -3.00 | -4.48 | -0.62 | -4.41 | 1.87 |
| Free Cash Flow | 143.00M | 104.00M | 281.00M | 228.00M | 368.00M | 515.00M |
| Free Cash Flow Per Share | 0.72 | 0.52 | 1.38 | 1.07 | 1.71 | 2.34 |
| Dividend Per Share | 0.32 | 0.64 | 0.64 | 0.56 | 0.50 | 0.43 |
| Gross Margin | 49.52% | 50.00% | 51.89% | 52.71% | 54.23% | 55.40% |
| Operating Margin | 4.86% | 6.66% | 5.85% | 7.29% | 9.10% | 14.80% |
| Profit Margin | -14.99% | -16.25% | -23.99% | -3.33% | -24.22% | 9.71% |
| Free Cash Flow Margin | 3.92% | 2.83% | 7.41% | 5.75% | 9.38% | 12.17% |
| EBITDA | 526.00M | 597.00M | 571.00M | 632.00M | 685.00M | 972.00M |
| EBITDA Margin | 14.44% | 16.22% | 15.05% | 15.94% | 17.46% | 22.97% |
| D&A For EBITDA | 349.00M | 352.00M | 349.00M | 343.00M | 328.00M | 346.00M |
| EBIT | 177.00M | 245.00M | 222.00M | 289.00M | 357.00M | 626.00M |
| EBIT Margin | 4.86% | 6.66% | 5.85% | 7.29% | 9.10% | 14.80% |
| Effective Tax Rate | 24.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 239.00M | 326.00M | 272.00M | 334.00M | 365.00M | 339.00M |
| Short-Term Investments | 28.00M | 30.00M | 33.00M | 24.00M | 22.00M | |
| Trading Asset Securities | 5.00M | |||||
| Cash & Short-Term Investments | 239.00M | 354.00M | 302.00M | 367.00M | 389.00M | 366.00M |
| Accounts Receivable | 620.00M | 688.00M | 556.00M | 695.00M | 632.00M | 750.00M |
| Other Receivables | 49.00M | 50.00M | 61.00M | 53.00M | 53.00M | |
| Receivables | 620.00M | 737.00M | 606.00M | 756.00M | 685.00M | 803.00M |
| Inventory | 665.00M | 642.00M | 564.00M | 624.00M | 627.00M | 515.00M |
| Prepaid Expenses | 349.00M | 140.00M | 121.00M | 113.00M | 104.00M | 89.00M |
| Other Current Assets | 55.00M | 150.00M | 153.00M | 113.00M | 88.00M | 79.00M |
| Total Current Assets | 1.93B | 2.02B | 1.75B | 1.97B | 1.89B | 1.85B |
| Property, Plant & Equipment | 974.00M | 1.00B | 902.00M | 978.00M | 961.00M | 971.00M |
| Goodwill | 1.14B | 1.15B | 1.60B | 2.44B | 2.69B | 3.98B |
| Other Intangible Assets | 870.00M | 974.00M | 1.21B | 1.71B | 1.90B | 2.32B |
| Long-Term Deferred Tax Assets | 211.00M | 222.00M | 213.00M | 101.00M | 14.00M | |
| Other Long-Term Assets | 294.00M | 73.00M | 79.00M | 63.00M | 97.00M | 107.00M |
| Total Assets | 5.20B | 5.43B | 5.75B | 7.37B | 7.64B | 9.24B |
| Accounts Payable | 260.00M | 300.00M | 241.00M | 305.00M | 279.00M | 262.00M |
| Accrued Expenses | 560.00M | 519.00M | 549.00M | 518.00M | 534.00M | 593.00M |
| Short-Term Debt | 35.00M | 85.00M | 421.00M | 245.00M | 117.00M | 181.00M |
| Current Portion of Long-Term Debt | 197.00M | 228.00M | 128.00M | 77.00M | ||
| Current Portion of Leases | 47.00M | 46.00M | 56.00M | 55.00M | 51.00M | |
| Current Income Taxes Payable | 33.00M | 30.00M | 45.00M | 49.00M | 46.00M | 57.00M |
| Current Unearned Revenue | 71.00M | 74.00M | 95.00M | 91.00M | 84.00M | 68.00M |
| Other Current Liabilities | 29.00M | 60.00M | 64.00M | 84.00M | 55.00M | 49.00M |
| Total Current Liabilities | 1.19B | 1.34B | 1.59B | 1.43B | 1.17B | 1.26B |
| Long-Term Debt | 2.01B | 2.03B | 1.60B | 1.81B | 1.85B | 1.92B |
| Long-Term Leases | 88.00M | 93.00M | 91.00M | 126.00M | 150.00M | 150.00M |
| Long-Term Unearned Revenue | 31.00M | 33.00M | 49.00M | 57.00M | 27.00M | |
| Pension & Post-Retirement Benefits | 288.00M | 264.00M | 298.00M | 257.00M | 400.00M | |
| Long-Term Deferred Tax Liabilities | 79.00M | 94.00M | 129.00M | 228.00M | 287.00M | 391.00M |
| Other Long-Term Liabilities | 463.00M | 212.00M | 85.00M | 128.00M | 90.00M | 119.00M |
| Total Liabilities | 3.85B | 4.09B | 3.81B | 4.08B | 3.83B | 4.24B |
| Common Stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Additional Paid-In Capital | 6.62B | 6.64B | 6.64B | 6.64B | 6.63B | 6.61B |
| Retained Earnings | -1.54B | -1.56B | -835.00M | 205.00M | 456.00M | 1.51B |
| Treasury Stock | -3.08B | -3.10B | -3.14B | -2.92B | -2.65B | -2.54B |
| Comprehensive Income & Other | -656.00M | -639.00M | -730.00M | -636.00M | -628.00M | -592.00M |
| Total Common Equity | 1.35B | 1.34B | 1.94B | 3.29B | 3.81B | 5.00B |
| Minority Interest | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | |
| Shareholders' Equity | 1.35B | 1.34B | 1.94B | 3.29B | 3.81B | 5.00B |
| Total Liabilities & Equity | 5.20B | 5.43B | 5.75B | 7.37B | 7.64B | 9.24B |
| Total Debt | 2.33B | 2.48B | 2.29B | 2.32B | 2.17B | 2.30B |
| Net Cash (Debt) | -2.09B | -2.12B | -1.99B | -1.95B | -1.78B | -1.94B |
| Net Cash Per Share | -10.46 | -10.66 | -9.78 | -9.20 | -8.27 | -8.80 |
| Filing Date Shares Outstanding | 199.35M | 199.75M | 198.99M | 207.36M | 215.36M | 217.55M |
| Total Common Shares Outstanding | 199.20M | 199.60M | 198.80M | 207.20M | 215.20M | 217.40M |
| Working Capital | 743.00M | 680.00M | 157.00M | 548.00M | 723.00M | 591.00M |
| Book Value Per Share | 6.78 | 6.71 | 9.77 | 15.89 | 17.71 | 22.98 |
| Tangible Book Value | -657.00M | -783.00M | -862.00M | -850.00M | -780.00M | -1.30B |
| Tangible Book Value Per Share | -3.30 | -3.92 | -4.34 | -4.10 | -3.62 | -5.98 |
| Land | 52.00M | 46.00M | 49.00M | 48.00M | 51.00M | |
| Buildings | 638.00M | 571.00M | 568.00M | 546.00M | 561.00M | |
| Machinery | 995.00M | 887.00M | 964.00M | 963.00M | 982.00M | |
| Construction In Progress | 134.00M | 87.00M | 138.00M | 116.00M | 134.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -546.00M | -598.00M | -910.00M | -132.00M | -950.00M | 411.00M |
| Depreciation & Amortization | 349.00M | 352.00M | 349.00M | 343.00M | 328.00M | 346.00M |
| Loss (Gain) From Sale of Assets | -6.00M | 19.00M | -3.00M | 3.00M | -14.00M | |
| Asset Writedown & Restructuring Costs | 415.00M | 650.00M | 1.01B | 307.00M | 1.29B | -17.00M |
| Loss (Gain) on Equity Investments | 36.00M | 10.00M | ||||
| Stock-Based Compensation | 31.00M | 33.00M | 39.00M | 46.00M | 59.00M | 48.00M |
| Other Operating Activities | 81.00M | 20.00M | -145.00M | -128.00M | -168.00M | -1.00M |
| Change in Accounts Receivable | -4.00M | -91.00M | 104.00M | -58.00M | 85.00M | -117.00M |
| Change in Inventory | -2.00M | -17.00M | 17.00M | 6.00M | -141.00M | -64.00M |
| Change in Accounts Payable | 37.00M | 11.00M | -30.00M | 14.00M | 30.00M | -49.00M |
| Change in Income Taxes | 27.00M | -32.00M | 38.00M | -11.00M | -15.00M | 17.00M |
| Change in Other Net Operating Assets | -63.00M | -93.00M | -34.00M | -7.00M | -37.00M | 87.00M |
| Operating Cash Flow | 319.00M | 235.00M | 461.00M | 377.00M | 517.00M | 657.00M |
| Capital Expenditures | -176.00M | -131.00M | -180.00M | -149.00M | -149.00M | -142.00M |
| Sale of Property, Plant & Equipment | 4.00M | |||||
| Cash Acquisitions | -248.00M | |||||
| Divestitures | 13.00M | 28.00M | ||||
| Other Investing Activities | -1.00M | -1.00M | -17.00M | 47.00M | 11.00M | 4.00M |
| Investing Cash Flow | -173.00M | -132.00M | -197.00M | -89.00M | -138.00M | -358.00M |
| Short-Term Debt Issued | 435.00M | 177.00M | 126.00M | 179.00M | ||
| Long-Term Debt Issued | 553.00M | 1.00M | 6.00M | 16.00M | ||
| Total Debt Issued | 3.00M | 988.00M | 178.00M | 126.00M | 6.00M | 195.00M |
| Short-Term Debt Repaid | -771.00M | -64.00M | ||||
| Long-Term Debt Repaid | -147.00M | -88.00M | -7.00M | -2.00M | -297.00M | |
| Total Debt Repaid | -149.00M | -918.00M | -88.00M | -7.00M | -66.00M | -297.00M |
| Net Debt Issued (Repaid) | -146.00M | 70.00M | 90.00M | 119.00M | -60.00M | -102.00M |
| Issuance of Common Stock | 51.00M | |||||
| Repurchase of Common Stock | -12.00M | -250.00M | -300.00M | -150.00M | -200.00M | |
| Common Dividends Paid | -96.00M | -128.00M | -126.00M | -116.00M | -104.00M | -92.00M |
| Other Financing Activities | -11.00M | -22.00M | -16.00M | -10.00M | -15.00M | -36.00M |
| Financing Cash Flow | -265.00M | -80.00M | -302.00M | -307.00M | -329.00M | -379.00M |
| Foreign Exchange Rate Adjustments | -1.00M | 31.00M | -24.00M | -12.00M | -24.00M | -19.00M |
| Net Cash Flow | -120.00M | 54.00M | -62.00M | -31.00M | 26.00M | -99.00M |
| Free Cash Flow | 143.00M | 104.00M | 281.00M | 228.00M | 368.00M | 515.00M |
| Free Cash Flow Margin | 3.92% | 2.83% | 7.41% | 5.75% | 9.38% | 12.17% |
| Free Cash Flow Per Share | 0.72 | 0.52 | 1.38 | 1.07 | 1.71 | 2.34 |
| Levered Free Cash Flow | 141.62M | 106.38M | 400.12M | 307.00M | 364.62M | 449.25M |
| Unlevered Free Cash Flow | 206.62M | 170.12M | 455.75M | 367.62M | 412.12M | 489.25M |
| Cash Interest Paid | 66.00M | 66.00M | 91.00M | 97.00M | 70.00M | 64.00M |
| Cash Income Tax Paid | 71.00M | 71.00M | 74.00M | 177.00M | 122.00M | 148.00M |
| Change in Working Capital | -5.00M | -222.00M | 95.00M | -56.00M | -78.00M | -126.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.97B | 2.28B | 3.77B | 7.54B | 6.84B | 12.20B |
| Enterprise Value | 4.06B | 4.41B | 5.81B | 9.39B | 8.60B | 14.14B |
| Last Close Price | 9.90 | 11.43 | 18.10 | 33.07 | 29.14 | 50.33 |
| PE Ratio | 29.67 | |||||
| Forward PE | 6.75 | 7.44 | 10.23 | 18.23 | 19.08 | 18.22 |
| PS Ratio | 0.54 | 0.62 | 0.99 | 1.90 | 1.75 | 2.88 |
| PB Ratio | 1.46 | 1.70 | 1.94 | 2.29 | 1.79 | 2.44 |
| P/FCF Ratio | 13.80 | 21.93 | 13.43 | 33.07 | 18.59 | 23.68 |
| P/OCF Ratio | 6.19 | 9.71 | 8.18 | 20.00 | 13.24 | 18.56 |
| PEG Ratio | 6.00 | 0.77 | 1.85 | 2.29 | 3.98 | 0.81 |
| EV/Sales Ratio | 1.11 | 1.20 | 1.53 | 2.37 | 2.19 | 3.34 |
| EV/EBITDA Ratio | 7.72 | 7.39 | 10.18 | 14.85 | 12.55 | 14.54 |
| EV/EBIT Ratio | 22.95 | 18.01 | 26.18 | 32.48 | 24.09 | 22.58 |
| EV/FCF Ratio | 28.40 | 42.42 | 20.68 | 41.17 | 23.37 | 27.45 |
| Debt / Equity Ratio | 1.72 | 1.85 | 1.18 | 0.70 | 0.57 | 0.46 |
| Debt / EBITDA Ratio | 3.83 | 3.65 | 3.50 | 3.25 | 2.84 | 2.19 |
| Debt / FCF Ratio | 16.27 | 23.84 | 8.15 | 10.17 | 5.90 | 4.47 |
| Net Debt / Equity Ratio | 1.55 | 1.59 | 1.02 | 0.59 | 0.47 | 0.39 |
| Net Debt / EBITDA Ratio | 3.97 | 3.56 | 3.48 | 3.09 | 2.60 | 1.99 |
| Net Debt / FCF Ratio | 14.60 | 20.43 | 7.07 | 8.56 | 4.84 | 3.76 |
| Asset Turnover | 0.65 | 0.66 | 0.58 | 0.53 | 0.47 | 0.46 |
| Inventory Turnover | 2.75 | 3.05 | 3.07 | 3.00 | 3.14 | 3.81 |
| Quick Ratio | 0.72 | 0.81 | 0.57 | 0.79 | 0.92 | 0.93 |
| Current Ratio | 1.63 | 1.51 | 1.10 | 1.39 | 1.62 | 1.47 |
| Return on Equity (ROE) | -33.03% | -36.43% | -34.75% | -3.72% | -21.57% | 8.28% |
| Return on Assets (ROA) | 1.96% | 2.74% | 2.11% | 2.41% | 2.64% | 4.21% |
| Return on Invested Capital (ROIC) | 5.12% | 6.63% | 4.84% | 5.33% | 5.70% | 6.82% |
| Return on Capital Employed (ROCE) | 4.40% | 6.00% | 5.30% | 4.90% | 5.50% | 7.80% |
| Earnings Yield | -27.62% | -26.22% | -24.12% | -1.75% | -13.88% | 3.37% |
| FCF Yield | 7.25% | 4.56% | 7.45% | 3.02% | 5.38% | 4.22% |
| Dividend Yield | 1.62% | 5.60% | 3.37% | 1.54% | 1.57% | 0.77% |
| Payout Ratio | 22.38% | |||||
| Buyback Yield / Dilution | -0.07% | 1.87% | 4.15% | 1.62% | 2.13% | -0.46% |
| Total Shareholder Return | 1.54% | 7.47% | 7.52% | 3.16% | 3.71% | 0.31% |