Dexcom Inc (DXCM)

DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally. The company offers Dexcom G7 and G7 15 Day, an integrated continuous glucose monitoring system; Dexcom G6, a CGM system; Dexcom ONE+ to replace fingerstick blood glucose testing for diabetes treatment decisions; Stelo, a biosensor designed for adults with prediabetes and Type 2 diabetes who do not use insulin; Dexcom Share, a remote monitoring system; and Dexcom Follow application. It markets its products directly to endocrinologists, physicians, and diabetes educators. The company was incorporated in 1999 and is headquartered in San Diego, California.

Symbol
DXCM
Exchange
Nasdaq
Sector
Healthcare
Industry
Medical Devices
Market cap
$32.21B
52 week range
54.11 - 92.59

Valuation

Share price
$85.36 (close of 2026-10-02)
P/E (TTM)
33.09x
Price to book
12.29x
Price to free cash flow
22.93x
Enterprise value
$32.51B
Book value per share
$6.95

Price performance

PeriodChange
1 day-1.01%
5 days-1.45%
1 month-4.83%
3 months+19.80%
6 months+37.19%
Year to date+28.61%
1 year+28.48%
3 years-9.72%
5 years-37.91%
10 years+289.42%
All time+2813.31%

Members of Congress who disclosed DXCM trades

Jefferson Shreve · Robert Bresnahan · Tina Smith · John Boozman · Kevin Hern

Super investors holding DXCM

Ken Griffin (Citadel) · Ray Dalio (Bridgewater Associates)

Profitability and growth

Return on equity
30.46%
Return on invested capital
20.50%
Return on assets
13.19%
Return on capital employed
21.72%
Gross margin
60.10%
Net margin
17.94%
EBITDA margin
24.96%
Revenue growth
15.60%
Net income growth
45.14%
Free cash flow growth
70.79%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.36%
Current ratio
1.73x
Net debt to EBITDA
0.19x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$4.66B
Cost of revenue
$1.86B
Gross profit
$2.80B
EBITDA
$1.16B
Net income
$836.30M
Earnings per share
$2.14
Research and development
$599.10M
Shares outstanding
390.20M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$4.66B$2.80B$836.30M$2.14
2024-12-31$4.03B$2.44B$576.20M$1.46
2023-12-31$3.62B$2.29B$541.50M$1.40
2022-12-31$2.91B$1.88B$341.20M$0.88
2021-12-31$2.45B$1.68B$216.90M$0.56
2020-12-31$1.93B$1.28B$549.70M$1.46
2019-12-31$1.48B$931.50M$101.10M$0.28
2018-12-31$1.03B$663.90M-$127.10M$-0.36
2017-12-31$718.50M$492.10M-$50.20M$-0.14
2016-12-31$573.30M$378.40M-$65.60M$-0.20

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3160.10%17.94%30.46%20.50%
2024-12-3160.46%14.29%27.40%11.44%
2023-12-3163.19%14.95%26.18%10.47%
2022-12-3164.72%11.73%16.01%9.40%
2021-12-3168.63%8.86%10.62%19.33%
2020-12-3166.44%28.53%30.10%25.17%
2019-12-3163.11%6.85%11.45%25.90%
2018-12-3164.36%-12.32%-19.16%-
2017-12-3168.49%-6.99%-11.97%-
2016-12-3166.00%-11.44%-23.11%-39.91%

Cash and debt by year

Period endCash
2025-12-31$917.70M
2024-12-31$606.10M
2023-12-31$566.30M
2022-12-31$642.30M
2021-12-31$1.05B
2020-12-31$817.60M
2019-12-31$446.20M
2018-12-31$1.14B
2017-12-31$548.60M
2016-12-31$123.70M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.08B$159.60M
2024-12-31$630.70M$170.40M
2023-12-31$511.90M$150.80M
2022-12-31$304.70M$126.50M
2021-12-31$53.30M$113.40M
2020-12-31$276.60M$119.40M
2019-12-31$134.50M$102.70M
2018-12-31$56.10M$101.90M
2017-12-31$26.00M$106.20M
2016-12-31$500.00K$110.80M

Investor relations

Next earnings report

Next confirmed report
2026-10-29
Consensus EPS estimate
$0.66

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$0.61
2026-04-30Mar/2026$0.47
2026-02-12Dec/2025$0.65
2025-10-30Sep/2025$0.57
2025-07-30Jun/2025$0.45
2025-05-01Mar/2025$0.33
2025-02-13Dec/2024$0.50
2025-02-06--

Filings and sources

Company website
dexcom.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Understanding these figures

Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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