Dentsply Sirona Inc (XRAY)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -132,000 | -950,000 | 411,000 | -73,000 | 256,000 |
| Revenue | US$ in thousands | 3,887,000 | 3,908,000 | 20,000 | 3,305,000 | 4,021,100 |
| Net profit margin | -3.40% | -24.31% | 2,055.00% | -2.21% | 6.37% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-132,000K ÷ $3,887,000K
= -3.40%
The net profit margin of DENTSPLY Sirona Inc has exhibited significant variability over the past five years. In 2023, the company experienced a negative net profit margin of -3.33%, indicating that its net profit was less than its total revenue. This represents a notable improvement compared to 2022 when the net profit margin was -24.22%, reflecting a substantial loss relative to revenue.
In 2021, the company achieved a positive net profit margin of 9.71%, indicating that it generated a profit of approximately 9.71 cents for every dollar of revenue earned. This represented a strong performance compared to the prior year of 2020, when the net profit margin was negative at -2.48%.
In 2019, DENTSPLY Sirona Inc recorded a net profit margin of 6.52%, signaling a profitable year with a reasonable margin of profitability. The fluctuations in the net profit margin over the years suggest that the company's financial performance has been subject to varying degrees of success and challenges, which may be attributed to factors such as operational efficiencies, cost management, revenue growth, and economic conditions.
Peer comparison
Dec 31, 2023