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DexCom DXCM Free cash flow margin

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
Debt / equity0.0×
Current ratio1.9×+0.4×

Where this comes from

Calculated from DexCom’s reported figures.

Based on trailing twelve months.

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 free cash flow margin?
DexCom (DXCM) reported free cash flow margin of 29.7% in Q1 2026.
How has DexCom's free cash flow margin changed year-over-year?
DexCom's free cash flow margin increased by 114.0% year-over-year, from 13.9% to 29.7%.
What is the long-term trend for DexCom's free cash flow margin?
Over 4 years (2021 to 2025), DexCom's free cash flow margin has grown at a 31.8% compound annual growth rate (CAGR), from 24.5% to 73.8%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.