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DENTSPLY SIRONA Inc. ( Dentsply Sirona or the Company ) is the world s largest diversified manufacturer of professional dental products and technologies, with a 139-year history of innovation and service to the dental industry and a vision of improving oral health and continence care globally. Dentsply Sirona develops, manufactures, and markets comprehensive solutions, including technologically…
The business is unprofitable at the operating level (-11.47% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 3.0% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 63% versus the prior year, cash generation momentum has weakened. Net debt of $2.06B represents 19.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$3.68B
▼ -3.0% YoY
Net Income (TTM)
-$627M
▲ +34.3% YoY
Op. Margin
-14.13%
▲ +11.7pp YoY
ROIC
-10.41%
▲ +6.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$104M
▼ -63.0% YoY
Op. Cash Flow (TTM)
$268M
▼ -49.0% YoY
Net Debt
$2.14B
Cash & Equiv.
$190M
5Y CAGR: +2.0%
5Y CAGR: -28.6%
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