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Dental Equipment & Supplies: capital spending and supply chain

SIC 3843 · 2 companies with filed cash-flow statements

Capital spending, 12 months$229M
Operating cash flow$574M
Capex / cash flow40%
Capex / revenue3.5%
Top 3 share100%

Analysis

2 companies in Dental Equipment & Supplies (SIC 3843) spent $229M on capital projects over their latest twelve months, 40% of the $574M their operations generated.

Capital spending is 3.5% of the industry's $6.5B of annual revenue.

By the industry's asset mix most of it goes to equipment (54%); about $37.2M is imported.

The largest supplier of that spending is electromedical and electrotherapeutic apparatus manufacturing ($29.4M).

Its largest supplying industries, by the input-output tables: imports ($333M), management of companies and enterprises ($145M), professional and commercial equipment and supplies ($114M).

Charts

Dental Equipment & Supplies: capital spending by company, latest twelve monthsDental Equipment & Supplies: capital spending by company, latest twelve monthsXRAY$169MNVST$59.8M
Filed cash-flow statements (SEC XBRL).
Dental Equipment & Supplies: what the capital spending buys (US part)Dental Equipment & Supplies: what the capital spending buys (US part)Structures$29.2MEquipment$87.1MSoftware$33.9MOther$9.7M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Dental Equipment & Supplies: the industries that build and sell what it buysDental Equipment & Supplies: the industries that build and sell what it buysElectromedical and electrotherape…$29.4MManufacturing structures$26.8MSoftware publishers$19.4MSurgical and medical instrument m…$9.1MIrradiation apparatus manufacturi…$7.2MCustom computer programming servi…$7.1MComputer systems design services$6.4MMaterial handling equipment manuf…$4.7MAir conditioning, refrigeration, …$4.4MSurgical appliance and supplies m…$4.1M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Dental Equipment & Supplies: its first-tier supplying industriesDental Equipment & Supplies: its first-tier supplying industriesImports$333MManagement of companies and enter…$145MProfessional and commercial equip…$114MNonferrous metal (except aluminum…$78.3MCopper rolling, drawing, extrudin…$68.0MDental equipment and supplies man…$62.8MPaperboard container manufacturing$59.4MOther durable goods merchant whol…$53.7MOther plastics product manufactur…$52.5MMonetary authorities and deposito…$49.9M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Dental Equipment & Supplies: where the industry's cash came from (+) and went (−)Dental Equipment & Supplies: where the industry's cash came from (+) and went (−)Operating cash flow$574MCapital spending−$229MCash drawn from the balance s…$168MBuybacks−$162MNet debt repaid−$159MOther investing (out)−$65.6MDividends−$64.0MExchange-rate losses on cash−$27.0MCash added to the balance she…−$24.9MOther financing (out)−$9.4MTaxes paid on employees' shar…−$9.0MShares issued$5.6MSales of assets & businesses$2.6M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
XRAY Dentsply Sirona$169M$272M62%TTM to Q3 2026
NVST Envista Holdings$59.8M$302M20%TTM to Q3 2026

Customers and suppliers named in annual reports

SupplierCustomerShare of supplier revenueEvidenceSource
XRAYHSIC13%Stated in 10-K (customer table)filing
NVSTHSIC12%Stated in 10-K (sentence)filing

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.