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DexCom DXCM Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin62.5%+3.7pp61.5%+2.1pp60.1%-0.4pp59%-2.7pp58.8%-4.0pp
Operating margin22.9%+6.9pp21.4%+6.2pp19.6%+4.7pp17.2%+1.3pp16%-1.3pp
Net margin20.1%+6.8pp19.3%+6.4pp17.9%+3.7pp16%-1.3pp13.3%-3.7pp
Returns
Return on equity38.5%+15.7pp35.6%+11.9pp34.5%+6.9pp30.6%-1.4pp22.8%-6.6pp
Return on invested capital56.2%+24.9pp45.9%+15.5pp38.6%+9.2pp46.3%+11.9pp31.3%-9.4pp
Efficiency
Asset turnover0.7×+0.1×0.7×+0.1×0.7×+0.1×0.7×0.0×0.6×0.0×
Liquidity
Current ratio1.7×+0.2×1.9×+0.4×1.9×+0.4×1.6×-0.9×1.5×-1.3×
Leverage
Debt-to-equity0.0×0.0×0.1×0.0×0.0×0.1×0.0×
Per Share
Book value per share$6.72+6.6%$7.51+35.1%$6.77+32.9%$6.69+38.7%$6.30+7.9%
Valuation
Market capitalization$31.49B+5.3%$24.17B-9.7%$25.89B-14.8%$26.39B-1.8%$34.34B-23.8%
Price / earnings31.5×-20.8×26×-24.1×31×-21.8×36.6×-2.8×60.1×-7.5×
Price / sales6.3×-0.6×-1.4×5.6×-2.0×5.8×-1.0×-3.5×
Price / book12×+0.4×8.2×-3.6×9.4×-5.0×9.7×-3.9×13.3×-5.2×

FAQ

What are DexCom's profit margins?
DexCom (DXCM) runs a 62.5% gross margin and a 22.9% operating margin, with a 20.1% net margin.
Where do DexCom's ratios come from?
Every ratio is computed from DexCom's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.