Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
---|---|---|---|---|---|
Revenue | $3,342 | $4,251 | $3,922 | $3,965 | $3,793 |
Gross Profit | $1,657 | $2,361 | $2,127 | $2,086 | $1,958 |
Operating Income | -$12 | $622 | -$937 | -$85 | -$879 |
Net Income | -$83 | $421 | -$950 | -$132 | -$910 |
Edwyn
Over the past five years, DENTSPLY SIRONA Inc. has experienced significant volatility in its financial results. In 2020, the company reported revenue of USD 3,342 million with a gross profit of USD 1,657 million, but negative operating and net incomes (USD –12 million and –83 million, respectively). A marked turnaround occurred in 2021 when revenue increased by approximately 27% to USD 4,251 million and gross profit rose to USD 2,361 million, enabling the company to record a strong operating income of USD 622 million and a net income of USD 421 million. However, this momentum was not sustained as revenue declined to USD 3,922 million in 2022, accompanied by a steep drop in operating income to USD –937 million and net income to USD –950 million—a swing exceeding 200% when compared with the profitable year of 2021. In the subsequent two years, the company’s revenue remained relatively flat, with USD 3,965 million in 2023 and USD 3,793 million in 2024, while gross profits fell correspondingly. Although 2023 saw a notable reduction in the operating loss (USD –85 million compared to USD –937 million in 2022), the reversal was short-lived as 2024 results reverted to a substantial operating loss of USD –879 million and a net loss of USD –910 million. As a leading player in the dental equipment industry, DENTSPLY SIRONA’s inconsistent profitability—likely reflecting market pressures, operational changes, or cost pressures—raises concerns regarding its financial sustainability. Overall, while the revenue base remains solid, the fluctuations in operating and net income suggest that the company needs to stabilize its cost structure and enhance operational efficiencies to secure a more resilient financial outlook.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.