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DexCom DXCM Debt-to-equity

Other financials

Income statement

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Revenue$1.2B+15.0%
Gross profit$750.3M+27.4%
Operating income$255.3M+91.0%
Net income$199.5M+89.3%
EPS (diluted)$0.51+88.9%

Balance sheet

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Cash & equivalents$1.1B+23.4%
Total debt$143.0M+2.2%
Total equity$3.0B+30.5%
Total assets$6.6B-1.8%

Cash flow

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Operating cash flow$525.6M+186%
CapEx$76.6M-12.0%
Free cash flow$449.0M+364%

Valuation

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Market cap$27.49B-9.7%
Enterprise value$26.51B-10.8%
P/E29.5×-27.4×
P/S5.7×-1.6×

Profitability

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Gross margin61.5%+2.1pp
Operating margin21.4%+6.2pp
Net margin19.3%+6.4pp

Returns & leverage

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Return on equity35.6%+11.9pp
Current ratio1.9×+0.4×

Where this comes from

Calculated from DexCom’s reported figures.

Based on the most recent quarter.

The official record: DexCom’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DexCom's debt-to-equity?
DexCom (DXCM) reported debt-to-equity of 0× in Q1 2026.
How has DexCom's debt-to-equity changed year-over-year?
DexCom's debt-to-equity decreased by 21.6% year-over-year, from 0.1× to 0×.
What is the long-term trend for DexCom's debt-to-equity?
Over 4 years (2021 to 2025), DexCom's debt-to-equity has grown at a -11.8% compound annual growth rate (CAGR), from 0.4× to 0.2×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.