DENTSPLY SIRONA Inc. XRAY

Competitive advantage analysis · healthcare

Medical Devices & Diagnostics
Overall moat score
43/100
Developing

About DENTSPLY SIRONA Inc.

DENTSPLY SIRONA Inc. develops, manufactures, and markets dental equipment supported by cloud-enabled solutions, dental products, and healthcare consumable products in urology and enterology worldwide. It operates through four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The Connected Technology Solutions segment offers imaging equipment, motorized dental handpieces, treatment centers, and other instruments; and intraoral … Full XRAY analysis →

Competitive advantage assessment

Key strengths

  • Stable Gross Margin Profile Gross margin stability is strong (score 0.69). Low volatility confirms durable consumable pricing.

Key risks

  • Weak Capital Return Profile Capital return quality is below peers (score 0.38). Low ROIC raises questions about M&A discipline and pipeline ROI.
  • Declining FCF Margin FCF trend score is negative (score 0.30). Declining FCF margin warrants scrutiny of capital allocation discipline.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power & Consumable Moat

Moderate
54

Where XRAY ranks in Medical Instruments & Supplies

DENTSPLY SIRONA Inc. ranks #37 of 62 scored companies in Medical Instruments & Supplies by moat score — the top 60%. The widest moat in the group is Intuitive Surgical, Inc. (ISRG) at 86/100.

Moat scores for companies ranked near XRAY in Medical Instruments & Supplies
# Company Moat score Rating
33 ICU Medical, Inc. ICUI 49/100 Developing
34 Avantor, Inc. AVTR 47/100 Developing
35 Nyxoah SA NYXH 45/100 Developing
36 Femasys Inc. FEMY 43/100 Developing
37 DENTSPLY SIRONA Inc. XRAY 43/100 Developing
38 Baxter International Inc. BAX 40/100 Developing
39 Milestone Scientific, Inc. MLSS 40/100 Developing
40 Microbot Medical Inc. MBOT 39/100 Developing
41 JIN MEDICAL INTERNATIONAL LTD. ZJYL 39/100 Developing

See every Medical Devices & Diagnostics company ranked by moat score →

How XRAY scores on the Medical Devices & Diagnostics defenses

Pricing Power & Consumable Moat

Score 54 · 25% of the moat score

In MedTech, pricing power is rarely about the machine — it is about what the machine consumes.

R&D Pipeline & Capital Returns

Score 42 · 20% of the moat score

Research spending is how a device company keeps its installed base current, but spending alone proves nothing.

FCF Quality & Cash Conversion

Score 40 · 20% of the moat score

MedTech companies grow by acquisition, and the resulting intangible amortisation depresses reported earnings without consuming any cash.

Commercial Execution

Score 37 · 15% of the moat score

Devices are sold into hospitals and labs through committees, tenders and long qualification cycles, which makes the sales organisation expensive and hard to replicate.

Capital Structure & Resilience

Score 28 · 12% of the moat score

Serial acquirers carry debt, and the question is whether the cash flows underneath it are dependable enough to service it through a downturn.

Growth Durability

Score 45 · 8% of the moat score

Growth durability separates an expanding installed base from a good product cycle.

How each Medical Devices & Diagnostics defense is measured, in full →

Understanding XRAY's moat

What is DENTSPLY SIRONA Inc.'s moat score?

DENTSPLY SIRONA Inc. (XRAY) scores 43 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #37 of 62 scored companies in Medical Instruments & Supplies, the top 60%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 61 companies in Medical Instruments & Supplies. Its strongest defense is Pricing Power & Consumable Moat (54/100) and its weakest is Capital Structure & Resilience (28/100).

How does DENTSPLY SIRONA Inc. compare with other Medical Instruments & Supplies companies?

DENTSPLY SIRONA Inc. ranks #37 of 62 scored companies in Medical Instruments & Supplies by moat score. The widest moat in Medical Instruments & Supplies is Intuitive Surgical, Inc. (ISRG) at 86/100. The companies ranked closest are Femasys Inc. (FEMY) at 43 just above it and Baxter International Inc. (BAX) at 40 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Medical Devices & Diagnostics in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 61 companies in Medical Instruments & Supplies. The defenses are then weighted to produce the overall score out of 100.

Why is DENTSPLY SIRONA Inc. scored with the Medical Devices & Diagnostics template?

Medical device and diagnostics companies place an instrument once and then sell the consumables, reagents and service that instrument needs for the next decade. The economics are a razor-and-blade model wrapped in regulatory approval and clinician habit, so the MedTech template scores the durability of that installed base rather than the size of any single product launch.

Which competitive defenses are measured for DENTSPLY SIRONA Inc.?

The Medical Devices & Diagnostics template measures 6 defenses, and XRAY scores: Pricing Power & Consumable Moat (54), R&D Pipeline & Capital Returns (42), FCF Quality & Cash Conversion (40), Commercial Execution (37), Capital Structure & Resilience (28), Growth Durability (45). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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