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DexCom DXCM Net 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

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 net margin?
DexCom (DXCM) reported net margin of 19.3% in Q1 2026.
How has DexCom's net margin changed year-over-year?
DexCom's net margin increased by 49.7% year-over-year, from 12.9% to 19.3%.
What is the long-term trend for DexCom's net margin?
Over 4 years (2021 to 2025), DexCom's net margin has grown at a -10.5% compound annual growth rate (CAGR), from 93.8% to 60.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.