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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	239.4%+2.1pp	237.3%-0.4pp	237.7%-2.7pp	240.3%-4.0pp	244.3%-3.4pp
Operating margin	74.2%+6.2pp	68%+4.7pp	63.3%+1.3pp	62%-1.3pp	63.3%-1.9pp
Net margin	66.5%+6.4pp	60.1%+3.7pp	56.4%-1.3pp	57.7%-3.7pp	61.4%-3.9pp
EBITDA margin	95.9%+6.1pp	89.7%+4.7pp	85.1%+1.4pp	83.7%-1.1pp	84.7%-1.6pp
Free cash flow margin	89.6%+15.8pp	73.8%+7.5pp	66.3%+10.0pp	56.3%-3.6pp	59.9%-1.5pp
Returns
Return on equity	123.6%+11.9pp	111.7%+6.9pp	104.8%-1.4pp	106.2%-6.6pp	112.8%-4.8pp
Return on assets	45.4%+5.8pp	39.6%+4.0pp	35.6%-0.1pp	35.7%-1.7pp	37.4%-2.6pp
Return on invested capital	162.1%+15.5pp	146.6%+9.2pp	137.4%+11.9pp	125.5%-9.4pp	135%-1.3pp
Efficiency
Asset turnover	2.7×+0.1×	2.6×+0.1×	2.5×0.0×	2.5×0.0×	2.4×0.0×
Inventory turnover	12.4×0.0×	12.4×+0.3×	12.1×+0.3×	11.8×+0.2×	11.6×0.0×
Liquidity
Current ratio	6.9×+0.4×	6.5×+0.4×	6.1×-0.9×	6.9×-1.3×	8.2×-1.4×
Quick ratio	6×+0.3×	5.6×+0.3×	5.3×-0.7×	6.1×-1.1×	7.2×-1.2×
Cash ratio	1.8×+0.2×	1.6×+0.2×	1.4×+0.2×	1.2×-0.2×	1.4×-0.2×
Leverage
Debt-to-equity	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.3×0.0×	0.3×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	-4.2×+0.1×	-4.3×-0.1×	-4.2×-1.1×	-3.1×-0.2×	-2.9×-0.1×
Per Share
Book value per share	$27.28+7.7%	$25.33+7.1%	$23.65+8.6%	$21.78+2.2%	$21.32+0.8%
Valuation
Market capitalization	$110.78B-2.3%	$113.39B-3.8%	$117.88B-0.4%	$118.36B-8.3%	$129.11B-17.1%
Enterprise value	$106.31B-2.6%	$109.12B-4.2%	$113.92B-1.5%	$115.64B-8.7%	$126.63B-17.4%
Price / earnings	153.6×-24.1×	177.7×-21.8×	199.4×-2.8×	202.3×-7.5×	209.8×-33.6×
Price / sales	24.4×-1.4×	25.8×-2.0×	27.8×-1.0×	28.8×-3.5×	32.2×-7.6×
Price / book	40.6×-3.6×	44.3×-5.0×	49.3×-3.9×	53.2×-5.2×	58.4×-12.0×
EV / EBITDA	99.8×-12.4×	112.1×-15.0×	127.1×-7.3×	134.4×-13.9×	148.3×-31.9×
EV / sales	23.4×-1.5×	24.9×-2.0×	26.9×-1.2×	28.1×-3.5×	31.6×-7.6×
Free cash flow yield	15.8%+3.8pp	12%+2.1pp	9.9%+2.0pp	7.9%+0.2pp	7.7%+1.1pp
Earnings yield	11.5%+1.9pp	9.6%+1.3pp	8.3%+0.2pp	8.1%+0.2pp	7.9%+0.8pp

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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.