Overview
DEXCOM INC
Latest 10-K: FY2025, filed Feb 12, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $4.66B
- 15.6%YoYup from FY2024
- TotalRevenue
- Gross profit
- $2.80B
- 14.9%YoYup from FY2024
- GrossProfit
- Operating income
- $0.91B
- 52.0%YoYup from FY2024
- OperatingIncome
- Net income
- $0.84B
- 45.1%YoYup from FY2024
- NetIncome
- Diluted EPS
- $2.09
- 47.2%YoYup from FY2024
- EPSDiluted
- Diluted shares
- 405.5M
- 1.7%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- DEXCOM INC reported revenue of $4.66B for fiscal 2025, up 15.6% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 5 of the last 5 fiscal years.
Profitability
- Operating margin was 19.6% and net margin was 17.9%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was $2.09, up 47.2% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $4.66B15.6%up Benchmark median 6.4% | $4.03B11.3%up Benchmark median 4.5% | $3.62B24.5%up Benchmark median 4.8% | $2.91B18.8%up Benchmark median 10.3% | $2.45B27.1%up Benchmark median 13.8% | 17.5% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | $2.80B14.9%up Benchmark median 6.8% | $2.44B6.5%up Benchmark median 5.5% | $2.29B21.5%up Benchmark median 5.2% | $1.88B12.1%up Benchmark median 8.3% | $1.68B31.3%up Benchmark median 15.7% | 13.6% Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | $911.80M52.0%up Benchmark median 7.3% | $600.00M0.4%up Benchmark median 7.4% | $597.70M52.8%up Benchmark median 4.9% | $391.20M47.2%up Benchmark median 7.5% | $265.80M11.3%down Benchmark median 23.5% | 36.1% Benchmark median 7.2% |
| Net Income | $836.30M45.1%up Benchmark median 4.8% | $576.20M6.4%up Benchmark median 5.7% | $541.50M58.7%up Benchmark median 1.9% | $341.20M57.3%up Benchmark median 1.3% | $216.90M60.5%down Benchmark median 33.9% | 40.1% Benchmark median 4.1% |
| EPS (Diluted) | $2.0947.2%up Benchmark median 6.2% | $1.429.2%up Benchmark median 7.9% | $1.3058.5%up Benchmark median 1.9% | $0.8254.7%up Benchmark median 1.5% | $0.5360.2%down Benchmark median 34.8% | 40.9% Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $6.34B2.2%down Benchmark median 5.6% | $6.48B3.5%up Benchmark median 3.4% | $6.26B16.2%up Benchmark median 4.1% | $5.39B9.3%up Benchmark median 2.2% | $4.93B15.0%up Benchmark median 6.7% | 6.5% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $3.59B18.0%down Benchmark median 6.4% | $4.38B4.4%up Benchmark median 1.9% | $4.20B28.7%up Benchmark median 2.9% | $3.26B12.8%up Benchmark median 2.0% | $2.89B17.3%up Benchmark median 5.2% | 5.6% Benchmark median 4.4% |
| Stockholders' Equity | $2.75B30.6%up Benchmark median 6.8% | $2.10B1.6%up Benchmark median 5.4% | $2.07B3.0%down Benchmark median 7.3% | $2.13B4.4%up Benchmark median 2.5% | $2.04B11.8%up Benchmark median 9.0% | 7.7% Benchmark median 6.1% |
| Cash & Equivalents | $0.92B51.4%up Benchmark median 5.2% | $0.61B7.0%up Benchmark median 1.9% | $0.57B11.8%down Benchmark median 6.7% | $0.64B39.0%down Benchmark median -8.6% | $1.05B28.7%up Benchmark median -2.9% | -3.4% Benchmark median 2.0% |
| Total Debt | — | — | — | — | — | — Benchmark median 4.3% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.44B45.6%up Benchmark median 6.3% | $0.99B32.2%up Benchmark median 4.8% | $0.75B11.8%up Benchmark median 9.9% | $0.67B51.3%up Benchmark median -0.7% | $0.44B7.0%down Benchmark median 10.7% | 34.3% Benchmark median 7.0% |
| Capital Expenditures | $363.50M1.3%up Benchmark median 5.4% | $358.80M51.6%up Benchmark median 2.8% | $236.60M35.1%down Benchmark median 11.3% | $364.80M6.3%down Benchmark median 14.0% | $389.20M95.6%up Benchmark median 8.1% | -1.7% Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | $1.08B70.8%up Benchmark median 7.3% | $0.63B23.2%up Benchmark median 6.1% | $0.51B68.0%up Benchmark median 8.8% | $0.30B471.7%up Benchmark median -11.3% | $0.05B80.7%down Benchmark median 10.2% | 112.0% Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
3.1%
Wall Street
on net earnings
FY2024 1.8%
4.0%
Value investor
on free cash flow
FY2024 2.0%
Gap +0.9 pts: Value-investor figure 0.9 points higher
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 31.8×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
10.2%
Wall Street
on book equity
FY2024 6.5%
9.9%
Value investor
on tangible book
FY2024 6.2%
Gap −0.3 pts: Value-investor figure 0.3 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 9.8×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
34.5%
Wall Street
ROE: net income ÷ equity
FY2024 27.6%
21.4%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 40.0%
Gap −13.1 pts: Value-investor figure 13.1 points lower
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
25.0%
Wall Street
EBITDA margin
FY2024 20.3%
23.1%
Value investor
Free-cash-flow margin
FY2024 15.6%
Gap −1.9 pts: Value-investor figure 1.9 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.88×
Wall Street
Current ratio
FY2024 1.47×
1.59×
Value investor
Quick ratio, inventory excluded
FY2024 1.28×
Gap −0.29×: Value-investor figure 0.29 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Interest cover
How many times earnings pay the year's interest
81.4×
Wall Street
EBITDA ÷ interest
FY2024 54.9×
63.8×
Value investor
EBIT ÷ interest
FY2024 40.3×
Gap −17.6×: Value-investor figure 17.6 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on DXCM yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on DXCM and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/DXCM
Valuein. (2026, October 30). DEXCOM INC (DXCM) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/DXCM
@misc{valuein_dxcm_2026,
author = {{Valuein}},
title = {DEXCOM INC (DXCM) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/DXCM}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Feb 12, 2026 · accession 0001093557-26-000027
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point-in-time · survivorship-free · every number traceable to its SEC filing
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