Company data sheet · Dentsply Sirona
Dentsply Sirona: four lost years, and the economy wasn't the reason.
- Industry
- Dental Equipment & Supplies Manufacturing
- Headquarters
- United States
- Ticker
- XRAY (Nasdaq)
- Sources
- SEC filings (1995–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to four straight losses. Dentsply Sirona earned $0.7 billion in 2019–2021. Then it lost money every year from 2022 to 2025: $2.6 billion in all.
- It wasn't the cycle. The losses began in 2022, a year the US economy grew 2.4% and factories added jobs. When a company falls while its economy grows, look inside the company first.
- Left behind by its peers. From 2016 to 2025, its revenue shrank 2% in US dollars; the median among 586 large manufacturers grew 58%. It outgrew only 14% of them.
- Still smaller than it was. Revenue reached $3.7 billion in 2025, 13% below its 2021 peak of $4.2 billion.
- Leaders came and went. Dentsply Sirona filed 46 leadership changes since 2016, more than 98% of large manufacturers (the median is 19). The day after each, its shares moved a median 0.2 points against its sector. The news was rarely news.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $3.7 billion | $0.4 billion | |
| 2017 | $4 billion | −$1.6 billion | |
| 2018 | $4 billion | −$1 billion | |
| 2019 | $4 billion | $0.3 billion | |
| 2020 | $3.3 billion | −$0.1 billion | |
| 2021 | $4.2 billion | $0.4 billion | |
| 2022 | $3.9 billion | −$0.9 billion | |
| 2023 | $4 billion | −$0.1 billion | |
| 2024 | $3.8 billion | −$0.9 billion | |
| 2025 | $3.7 billion | −$0.6 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 72 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (54 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 953 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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