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
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 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×
Liquidity
Current ratio	6.9×+0.4×	6.5×+0.4×	6.1×-0.9×	6.9×-1.3×	8.2×-1.4×
Leverage
Debt-to-equity	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.3×0.0×	0.3×0.0×
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%
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×

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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.