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%-4.9pp	237.3%-10.4pp	237.7%-12.8pp	240.3%-12.3pp	244.3%-9.5pp
Operating margin	74.2%+10.9pp	68%+2.8pp	63.3%-3.5pp	62%-3.8pp	63.3%+0.8pp
Net margin	66.5%+5.1pp	60.1%-5.2pp	56.4%-9.5pp	57.7%-2.1pp	61.4%+7.3pp
EBITDA margin	95.9%+11.1pp	89.7%+3.4pp	85.1%-2.7pp	83.7%-2.7pp	84.7%+1.9pp
Free cash flow margin	89.6%+29.6pp	73.8%+12.3pp	66.3%+6.4pp	56.3%-4.8pp	59.9%+1.2pp
Returns
Return on equity	123.6%+10.8pp	111.7%-6.0pp	104.8%-11.0pp	106.2%+4.1pp	112.8%+23.7pp
Return on assets	45.4%+8.0pp	39.6%-0.4pp	35.6%-4.6pp	35.7%-0.6pp	37.4%+5.0pp
Return on invested capital	162.1%+27.1pp	146.6%+10.4pp	137.4%+3.8pp	125.5%+5.5pp	135%+32.6pp
Efficiency
Asset turnover	2.7×+0.3×	2.6×+0.2×	2.5×+0.1×	2.5×+0.1×	2.4×+0.1×
Inventory turnover	12.4×+0.8×	12.4×+0.8×	12.1×+0.3×	11.8×-0.3×	11.6×-0.5×
Liquidity
Current ratio	6.9×-1.3×	6.5×-3.2×	6.1×-5.0×	6.9×-4.4×	8.2×-2.7×
Quick ratio	6×-1.3×	5.6×-2.8×	5.3×-4.3×	6.1×-3.9×	7.2×-2.5×
Cash ratio	1.8×+0.4×	1.6×0.0×	1.4×-0.4×	1.2×-0.6×	1.4×-0.5×
Leverage
Debt-to-equity	0.2×-0.1×	0.2×-0.1×	0.2×-0.1×	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×-1.3×	-4.3×-1.5×	-4.2×-1.5×	-3.1×-0.2×	-2.9×+0.8×
Per Share
Book value per share	$27.28+27.9%	$25.33+19.8%	$23.65+13.1%	$21.78+1.8%	$21.32+4.3%
Valuation
Market capitalization	$110.78B-14.2%	$113.39B-27.2%	$117.88B-31.8%	$118.36B-35.0%	$129.11B-30.9%
Enterprise value	$106.31B-16.1%	$109.12B-28.9%	$113.92B-33.2%	$115.64B-35.7%	$126.63B-31.3%
Price / earnings	153.6×-56.2×	177.7×-65.7×	199.4×-78.7×	202.3×-132×	209.8×-197×
Price / sales	24.4×-7.8×	25.8×-14.0×	27.8×-17.6×	28.8×-20.5×	32.2×-21.1×
Price / book	40.6×-17.7×	44.3×-26.1×	49.3×-29.5×	53.2×-28.0×	58.4×-28.0×
EV / EBITDA	99.8×-48.5×	112.1×-68.0×	127.1×-76.3×	134.4×-90.5×	148.3×-107×
EV / sales	23.4×-8.2×	24.9×-14.4×	26.9×-17.9×	28.1×-20.5×	31.6×-21.0×
Free cash flow yield	15.8%+8.1pp	12%+5.4pp	9.9%+4.3pp	7.9%+2.8pp	7.7%+3.2pp
Earnings yield	11.5%+3.6pp	9.6%+2.5pp	8.3%+1.9pp	8.1%+3.2pp	7.9%+3.8pp

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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.