What are DexCom's profit margins?

DexCom (DXCM) runs a 61.5% gross margin and a 21.4% operating margin, with a 19.3% 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.

DexCom DXCM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	61.5%+1.4pp	60.1%+1.1pp	59%+0.2pp	58.8%-0.7pp	59.4%-1.0pp
Operating margin	21.4%+1.9pp	19.6%+2.3pp	17.2%+1.2pp	16%+0.7pp	15.3%+0.4pp
Net margin	19.3%+1.4pp	17.9%+2.0pp	16%+2.7pp	13.3%+0.4pp	12.9%-1.4pp
EBITDA margin	26.8%+1.9pp	25%+2.3pp	22.6%+1.2pp	21.5%+0.8pp	20.7%+0.4pp
Free cash flow margin	29.7%+6.6pp	23.1%-0.4pp	23.5%+10.2pp	13.3%-0.6pp	13.9%-1.8pp
Returns
Return on equity	35.6%+1.1pp	34.5%+3.9pp	30.6%+7.8pp	22.8%-0.9pp	23.7%-3.9pp
Return on assets	13.9%+0.9pp	13%+2.6pp	10.4%+2.3pp	8.1%0.0pp	8.1%-1.0pp
Return on invested capital	45.9%+7.3pp	38.6%-7.7pp	46.3%+14.9pp	31.3%+0.9pp	30.4%+1.0pp
Efficiency
Asset turnover	0.7×0.0×	0.7×+0.1×	0.7×0.0×	0.6×0.0×	0.6×0.0×
Inventory turnover	3×-0.2×	3.2×+0.1×	3.1×0.0×	3.1×+0.1×	3×+0.1×
Liquidity
Current ratio	1.9×+0.1×	1.9×+0.3×	1.6×0.0×	1.5×0.0×	1.5×0.0×
Quick ratio	1.6×0.0×	1.6×+0.2×	1.4×0.0×	1.3×0.0×	1.3×0.0×
Cash ratio	0.5×+0.1×	0.4×-0.1×	0.6×+0.2×	0.4×+0.1×	0.3×+0.1×
Leverage
Debt-to-equity	0×0.0×	0.1×0.0×	0×0.0×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.8×-0.1×	-0.7×+1.0×	-1.7×-0.6×	-1.1×-0.2×	-0.9×-0.3×
Per Share
Book value per share	$7.51+10.9%	$6.77+1.2%	$6.69+6.2%	$6.30+13.3%	$5.56+9.2%
Valuation
Market capitalization	$24.17B-6.6%	$25.89B-1.9%	$26.39B-23.1%	$34.34B+28.2%	$26.78B-11.8%
Enterprise value	$23.19B-7.7%	$25.12B+1.8%	$24.68B-25.9%	$33.31B+28.1%	$26.01B-13.1%
Price / earnings	26×-5.0×	31×-5.7×	36.6×-23.5×	60.1×+10.1×	50×-2.7×
Price / sales	5×-0.5×	5.6×-0.3×	5.8×-2.1×	8×+1.5×	6.5×-1.1×
Price / book	8.2×-1.3×	9.4×-0.3×	9.7×-3.7×	13.3×+1.5×	11.8×-2.6×
EV / EBITDA	17.9×-3.6×	21.6×-2.6×	24.1×-11.9×	36.1×+5.8×	30.3×-6.3×
EV / sales	4.8×-0.6×	5.4×-0.1×	5.5×-2.3×	7.7×+1.5×	6.3×-1.1×
Free cash flow yield	5.9%+1.8pp	4.2%+0.1pp	4%+2.4pp	1.7%-0.5pp	2.1%+0.1pp
Earnings yield	3.8%+0.6pp	3.2%+0.5pp	2.7%+1.1pp	1.7%-0.3pp	2%+0.1pp
PEG ratio	0.4×-0.3×	0.7×-5.6×	6.2×—	——	——

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Questions, answered.

What are DexCom's profit margins?: DexCom (DXCM) runs a 61.5% gross margin and a 21.4% operating margin, with a 19.3% 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.