Dentsply Sirona Inc. (XRAY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.35	$0.52	+48.6%	—	—	—
Q2 26	$0.27	$0.27	0.0%	—	—	—
Q1 26	$0.29	$0.27	-6.9%	—	—	—
Q4 25	$0.45	$0.37	-17.8%	—	—	—
Q3 25	$0.5	$0.52	+4.0%	—	—	—
Q2 25	$0.3	$0.43	+43.3%	—	—	—
Q1 25	$0.43	$0.26	-39.5%	—	—	—
Q4 24	$0.48	$0.5	+4.2%	—	—	—
Q3 24	$0.49	$0.49	0.0%	—	—	—
Q2 24	$0.42	$0.42	0.0%	—	—	—
Q1 24	$0.44	$0.44	0.0%	—	—	—
Q4 23	$0.48	$0.49	+2.1%	—	—	—
Q3 23	$0.43	$0.51	+18.6%	—	—	—
Q2 23	$0.34	$0.39	+14.7%	—	—	—
Q1 23	$0.32	$0.46	+43.8%	—	—	—
Q4 22	$0.57	$0.61	+7.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$3	—	—	$3.7B	—
FY24	—	-$4.48	—	—	$3.8B	—
FY23	—	-$0.62	—	—	$4B	—
FY22	—	-$4.41	—	—	$3.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.7B	$4B	$4B	$4B	$3.3B	$4.2B	$3.9B	$4B	$3.8B	$3.7B
YoY change	+40%	+6.62%	-0.19%	+0.9%	-17%	+26.7%	-7.3%	+1.1%	-4.34%	-2.98%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.7B	4B	4B	4B	3.3B	4.2B	3.9B	4B	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	2B	2.2B	2.1B	2.2B	1.7B	2.3B	2.1B	2.1B	2B	1.8B
Gross margin	53.4%	54.8%	51.9%	53.8%	49.6%	55.5%	54.2%	52.6%	51.6%	50%
Research & development	—	—	—	143M	123M	171M	174M	184M	165M	150M
Selling, general & administrative	1.5B	1.7B	1.7B	1.6B	1.3B	1.6B	1.6B	1.6B	1.6B	1.4B
Operating expenses	1.5B	1.7B	1.7B	1.7B	1.4B	1.7B	1.8B	1.8B	1.8B	1.6B
Operating income	477.9M	513.8M	349M	434M	231M	625M	357M	282M	188M	252M
Operating margin	12.8%	12.9%	8.76%	10.8%	6.92%	14.8%	9.1%	7.11%	4.96%	6.85%
Non-operating income, net	-3.1M	-2.1B	-1.3B	-69M	-235M	-19M	-1.3B	-376M	-1.1B	-650M
Pretax income	440.9M	-1.6B	-958M	338M	-50M	545M	-1.1B	-175M	-936M	-486M
Income tax	9.5M	-53.2M	53M	82M	23M	134M	-105M	-43M	-26M	112M
Net income	431.4M	-1.6B	-1B	256M	-73M	411M	-950M	-132M	-910M	-598M
Net margin	11.5%	-38.8%	-25.4%	6.36%	-2.19%	9.71%	-24.2%	-3.33%	-24%	-16.3%
EBITDA	761.5M	829M	723M	742M	551M	969M	648M	620M	528M	596M
EPS	1.97	-6.86	-4.51	1.18	-0.38	1.93	-4.41	-0.62	-4.48	-3
Diluted EPS	1.94	-6.86	-4.51	1.17	-0.38	1.91	-4.41	-0.62	-4.48	-3

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	947M	1B	953M	984M	951M	905M	879M	936M	904M	961M	880M	898M
Cost of revenue	452M	490M	447M	473M	456M	459M	413M	446M	463M	518M	453M	405M
Gross profit	495M	522M	506M	511M	495M	446M	466M	490M	441M	443M	427M	493M
Gross margin	52.3%	51.6%	53.1%	51.9%	52.1%	49.3%	53%	52.4%	48.8%	46.1%	48.5%	54.9%
Research & development	46M	43M	42M	41M	40M	42M	36M	37M	37M	40M	44M	45M
Selling, general & administrative	373M	416M	417M	401M	391M	395M	360M	343M	358M	378M	353M	365M
Operating expenses	419M	459M	459M	442M	431M	437M	396M	380M	395M	418M	397M	410M
Operating income	76M	63M	47M	69M	64M	9M	70M	110M	46M	25M	30M	83M
Operating margin	8.03%	6.23%	4.93%	7.01%	6.73%	0.99%	7.96%	11.8%	5.09%	2.6%	3.41%	9.24%
Non-operating income, net	-307M	17M	2M	-18M	-524M	-516M	-7M	-238M	-253M	-150M	-48M	11M
Pretax income	-250M	57M	31M	34M	-478M	-523M	44M	-153M	-230M	-147M	-42M	72M
Income tax	16M	-15M	14M	38M	17M	-95M	25M	-109M	198M	-2M	-32M	36M
Net income	-266M	72M	17M	-4M	-495M	-428M	19M	-44M	-428M	-145M	-10M	36M
Net margin	-28.1%	7.11%	1.78%	-0.41%	-52.1%	-47.3%	2.16%	-4.7%	-47.3%	-15.1%	-1.14%	4.01%
EBITDA	164M	152M	133M	154M	153M	89M	149M	199M	139M	108M	115M	168M
EPS	-1.25	0.32	0.09	-0.02	-2.46	-2.16	0.1	-0.22	-2.14	-0.74	-0.05	0.18
Diluted EPS	-1.25	0.32	0.09	-0.02	-2.46	-2.16	0.1	-0.22	-2.14	-0.74	-0.05	0.18

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	15.1B	8.3B	12.6B	11.5B	12.2B	6.9B	7.5B	3.9B	2.3B	1.9B
Enterprise value	—	16.4B	9.7B	13.8B	13.5B	14.1B	8.6B	9.5B	5.9B	4.4B	4B
Shares outstanding	218M	229.4M	224.3M	223.1M	219.2M	218.4M	215.5M	212M	203.2M	199.4M	199.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	49.3	—	29.6	—	—	—	—	-3.09
P/S	—	3.78	2.09	3.14	3.44	2.88	1.75	1.9	1.02	0.62	0.51
P/B	—	2.28	1.63	2.48	2.33	2.44	1.8	2.29	1.98	1.7	1.43
EV/EBITDA	—	19.7	13.4	18.6	24.5	14.6	13.3	15.3	11.1	7.42	7.53
EV/Sales	—	4.1	2.43	3.44	4.04	3.34	2.2	2.4	1.54	1.2	1.09
Earnings yield	—	—	—	2.03%	—	3.37%	—	—	—	—	-32.3%
FCF yield	—	2.99%	3.74%	4.09%	4.9%	4.23%	5.36%	3.02%	7.29%	4.56%	7.66%
PEG	—	—	—	—	—	—	—	—	—	—	0.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	53.4%	54.8%	51.9%	53.8%	49.6%	55.5%	54.2%	52.6%	51.6%	50%	54.9%
Operating margin	12.8%	12.9%	8.76%	10.8%	6.92%	14.8%	9.1%	7.11%	4.96%	6.85%	9.24%
Net margin	11.5%	-38.8%	-25.4%	6.36%	-2.19%	9.71%	-24.2%	-3.33%	-24%	-16.3%	-15%
ROE	5.31%	-23.4%	-19.7%	5.02%	-1.48%	8.22%	-24.9%	-4.01%	-46.8%	-44.6%	-33%
ROA	3.73%	-14.9%	-11.6%	2.98%	-0.78%	4.45%	-12.4%	-1.79%	-15.8%	-11%	1.96%
ROIC	5.04%	6.51%	5.39%	5.23%	3.32%	6.78%	6.38%	5.36%	4.77%	7.24%	5.37%
Return on tangible assets	-6.89%	36%	33.5%	-10.1%	2.01%	-12.3%	61.7%	14.4%	-627.6%	-50.5%	-46%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.27	2.1	1.86	2.01	1.31	1.47	1.62	1.38	1.1	1.51	1.63
Quick ratio	1.6	1.45	1.27	1.45	0.96	1.06	1.08	0.95	0.74	1.03	1.07
Debt / equity	0.19	0.25	0.32	0.31	0.5	0.46	0.56	0.7	1.17	1.84	1.72
Debt / assets	0.13	0.16	0.19	0.19	0.26	0.25	0.28	0.31	0.39	0.45	0.44
Net debt / EBITDA	1.51	1.53	1.86	1.61	3.66	2.02	2.75	3.17	3.79	3.59	3.91
Interest coverage	13.3	-40.9	-24.9	13.5	-0.09	9.93	-15.2	-1.16	-12.6	-4.52	-2.81
Effective tax rate	2.15%	0%	0%	24.3%	0%	24.6%	0%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	17.2	17.4	17.8	18	15.2	19.4	18.2	18.7	18.7	18.5	18.2
EPS (basic)	1.97	-6.86	-4.51	1.18	-0.38	1.93	-4.41	-0.62	-4.48	-3	-3
EPS (diluted)	1.94	-6.86	-4.51	1.17	-0.38	1.91	-4.41	-0.62	-4.48	-3	-2.73
Book value per share	37.3	28.9	22.9	22.8	22.5	22.9	17.7	15.5	9.56	6.72	6.58
FCF per share	2.01	1.97	1.39	2.31	2.56	2.36	1.71	1.08	1.38	0.52	0.71
Cash per share	1.76	1.63	1.38	1.82	2	1.55	1.69	1.58	1.34	1.63	1.2
Capex per share	0.02	0.03	0.04	0.02	0	0	0	0.03	—	0.66	0.88

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.13%	0.19%	0.23%	0.12%	0.03%	0%	0%	0.18%	—	3.56%	4.83%
Capex / operating cash flow	0.83%	-0.55%	-1.29%	0.92%	0.24%	0%	0%	5%	—	55.7%	55.2%
Payout ratio	15%	-5.05%	-7.81%	31.6%	-120.5%	22.4%	-10.9%	-87.9%	-13.8%	-21.4%	28.8%
Dividend yield	—	0.52%	0.95%	0.64%	0.77%	0.76%	1.52%	1.54%	3.27%	5.62%	6.9%

Yield

6.9%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.16

ex-dividend Dec 26, 2025

Payout ratio

29%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Dec 26, 2025	$0.16
Sep 26, 2025	$0.16
Jun 27, 2025	$0.16

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$947M	$1B	$953M	$984M	$951M	$905M	$879M	$936M	$904M	$961M	$880M	$898M
YoY change	0%	+2.95%	-2.56%	-4.28%	+0.42%	-10.6%	-7.76%	-4.88%	-4.94%	+6.19%	+0.11%	-4.06%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	383.9M	375M	309.6M	405M	438M	339M	365M	334M	272M	326M
Receivables	636M	746.2M	701.9M	782M	667M	750M	632M	695M	556M	688M
Inventory	517.1M	623.1M	598.9M	562M	476M	515M	627M	624M	564M	642M
Total current assets	1.7B	2B	1.9B	2B	1.8B	1.9B	1.9B	2B	1.7B	2B
Property, plant & equipment	299.4M	321.3M	310.3M	407M	372M	410M	415M	410M	331M	362M
Goodwill & intangibles	17.8B	14.7B	11.7B	11.1B	13B	12.6B	9.2B	8.3B	5.6B	4.2B
Total assets	11.6B	10.4B	8.7B	8.6B	9.3B	9.2B	7.6B	7.4B	5.8B	5.4B
Accounts payable	223M	284.4M	283.9M	308M	302M	262M	279M	305M	241M	300M
Short-term debt	21.1M	30.1M	92.4M	46M	347M	232M	172M	378M	595M	360M
Total current liabilities	767.6M	954.5M	1B	995M	1.4B	1.3B	1.2B	1.4B	1.6B	1.3B
Long-term debt	1.5B	1.6B	1.6B	1.6B	2.1B	2.1B	2B	1.9B	1.7B	2.1B
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	5B	3.8B	3.3B	1.9B	1.3B
Total debt	1.5B	1.6B	1.7B	1.6B	2.5B	2.3B	2.1B	2.3B	2.3B	2.5B
Net debt	1.1B	1.3B	1.3B	1.2B	2B	2B	1.8B	2B	2B	2.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	309M	334M	291M	279M	296M	272M	398M	359M	363M	326M	190M	239M
Receivables	649M	695M	656M	591M	671M	556M	604M	646M	654M	688M	622M	620M
Inventory	651M	624M	613M	608M	619M	564M	612M	675M	686M	642M	659M	665M
Total current assets	1.9B	2B	1.9B	1.8B	1.9B	1.7B	2B	2B	2.1B	2B	1.8B	1.9B
Property, plant & equipment	935M	410M	953M	951M	967M	331M	924M	979M	972M	362M	997M	974M
Goodwill & intangibles	8.2B	8.3B	8B	7.9B	7B	5.6B	5.7B	5.3B	4.7B	4.2B	4.1B	4B
Total assets	7.2B	7.4B	7.1B	6.9B	6.6B	5.8B	6B	6.1B	5.7B	5.4B	5.2B	5.2B
Accounts payable	262M	305M	279M	287M	297M	241M	276M	268M	268M	300M	259M	260M
Short-term debt	187M	378M	343M	362M	422M	595M	742M	184M	378M	360M	230M	228M
Total current liabilities	1.2B	1.4B	1.3B	1.3B	1.5B	1.6B	1.8B	1.2B	1.4B	1.3B	1.2B	1.2B
Long-term debt	1.9B	1.9B	1.9B	1.9B	1.9B	1.7B	1.7B	2.3B	2.1B	2.1B	2.1B	2.1B
Total liabilities	3.8B	4.1B	3.9B	3.8B	4.1B	3.8B	4B	4.1B	4.2B	4.1B	3.9B	3.9B
Shareholders' equity	3.4B	3.3B	3.3B	3.1B	2.5B	1.9B	2B	2B	1.5B	1.3B	1.3B	1.4B
Total debt	2.1B	2.3B	2.2B	2.2B	2.3B	2.3B	2.4B	2.5B	2.5B	2.5B	2.3B	2.3B
Net debt	1.8B	2B	1.9B	1.9B	2B	2B	2B	2.1B	2.1B	2.1B	2.1B	2.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	431.4M	-1.6B	-1B	256M	-73M	411M	-950M	-132M	-910M	-598M
Depreciation & amortization	271.7M	316.4M	331M	323M	334M	346M	328M	343M	349M	352M
Stock-based compensation	41.3M	48M	21M	66M	47M	48M	59M	46M	39M	33M
Change in working capital	1.4M	-98.1M	-7M	-87M	171M	-211M	-39M	-15M	96M	-141M
Operating cash flow	605.2M	-1.4B	-699M	524M	420M	576M	-780M	140M	-571M	235M
Capital expenditure	5M	7.4M	9M	4.8M	1M	0	0	7M	—	-131M
Investing cash flow	186.1M	-135.4M	-65M	58.8M	-1B	-216M	11M	60M	-17M	-132M
Dividends paid	-64.6M	-78.3M	-79M	-81M	-88M	-92M	-104M	-116M	-126M	-128M
Share repurchases	-813.9M	-401.4M	-250M	-260M	-228M	-200M	-150M	-300M	-250M	0
Financing cash flow	-567.2M	-483.1M	-278M	-581M	377M	-430M	-335M	-307M	-302M	-851M
Net change in cash	224.1M	-2B	-1B	1.8M	-222M	-70M	-1.1B	-107M	-890M	-748M
Free cash flow	437.3M	450.9M	312M	516M	562M	515M	368M	228M	281M	104M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	-266M	72M	17M	-4M	-495M	-428M	19M	-44M	-428M	-145M	-10M	36M
Depreciation & amortization	88M	85M	86M	86M	89M	88M	79M	88M	92M	93M	79M	85M
Stock-based compensation	2M	13M	11M	12M	12M	4M	10M	9M	6M	8M	8M	9M
Change in working capital	28M	48M	-27M	68M	-51M	106M	-66M	-149M	40M	34M	45M	-3M
Operating cash flow	-179M	155M	97M	179M	-456M	-391M	52M	48M	79M	101M	40M	99M
Capital expenditure	—	—	—	—	—	—	1M	-32M	-39M	-41M	-52M	-44M
Investing cash flow	35M	0	-9M	1M	-4M	-6M	2M	-34M	-37M	-45M	-53M	-44M
Dividends paid	-29M	-30M	-29M	-33M	-33M	-31M	-32M	-32M	-32M	-32M	-32M	0
Share repurchases	0	-150M	0	-150M	-100M	0	—	—	0	0	—	—
Financing cash flow	-109M	-128M	-14M	-171M	-79M	-38M	-149M	-781M	-887M	-19M	-170M	52M
Net change in cash	-253M	27M	74M	9M	-539M	-435M	-95M	-767M	-845M	37M	-183M	107M
Free cash flow	97M	120M	-9M	156M	98M	36M	-12M	16M	40M	60M	-12M	55M

Date	Ratio
Jul 18, 2006	2:1
Feb 1, 2002	3:2
Oct 30, 1997	2:1
Aug 24, 1992	2:1

Dentsply Sirona Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history