DEXCOM INC (DXCM) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:DXCM • US2521311074

70.16 USD
+0.19 (+0.27%)
At close: Feb 9, 2026
70.16 USD
0 (0%)
After Hours: 2/9/2026, 4:03:09 PM
Fundamental Rating

7

Taking everything into account, DXCM scores 7 out of 10 in our fundamental rating. DXCM was compared to 186 industry peers in the Health Care Equipment & Supplies industry. DXCM gets an excellent profitability rating and is at the same time showing great financial health properties. DXCM is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make DXCM a good candidate for growth and quality investing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • In the past year DXCM was profitable.
  • In the past year DXCM had a positive cash flow from operations.
  • Each year in the past 5 years DXCM has been profitable.
  • In the past 5 years DXCM always reported a positive cash flow from operatings.
DXCM Yearly Net Income VS EBIT VS OCF VS FCFDXCM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

1.2 Ratios

  • DXCM has a better Return On Assets (9.61%) than 93.01% of its industry peers.
  • DXCM has a better Return On Equity (26.44%) than 97.31% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 15.72%, DXCM belongs to the top of the industry, outperforming 95.70% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for DXCM is above the industry average of 8.80%.
  • The last Return On Invested Capital (15.72%) for DXCM is above the 3 year average (11.25%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 9.61%
ROE 26.44%
ROIC 15.72%
ROA(3y)7.95%
ROA(5y)8.21%
ROE(3y)23.2%
ROE(5y)22.06%
ROIC(3y)11.25%
ROIC(5y)9.23%
DXCM Yearly ROA, ROE, ROICDXCM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.96%, DXCM belongs to the top of the industry, outperforming 93.01% of the companies in the same industry.
  • In the last couple of years the Profit Margin of DXCM has grown nicely.
  • With an excellent Operating Margin value of 18.41%, DXCM belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
  • In the last couple of years the Operating Margin of DXCM has grown nicely.
  • DXCM has a better Gross Margin (60.20%) than 61.29% of its industry peers.
  • DXCM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 18.41%
PM (TTM) 15.96%
GM 60.2%
OM growth 3Y10.52%
OM growth 5Y8.87%
PM growth 3Y17.27%
PM growth 5Y15.84%
GM growth 3Y-3.98%
GM growth 5Y-0.72%
DXCM Yearly Profit, Operating, Gross MarginsDXCM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

7

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DXCM is creating some value.
  • DXCM has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, DXCM has more shares outstanding
  • DXCM has a better debt/assets ratio than last year.
DXCM Yearly Shares OutstandingDXCM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
DXCM Yearly Total Debt VS Total AssetsDXCM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 5.10 indicates that DXCM is not in any danger for bankruptcy at the moment.
  • DXCM has a better Altman-Z score (5.10) than 77.42% of its industry peers.
  • DXCM has a debt to FCF ratio of 2.36. This is a good value and a sign of high solvency as DXCM would need 2.36 years to pay back of all of its debts.
  • DXCM's Debt to FCF ratio of 2.36 is amongst the best of the industry. DXCM outperforms 86.02% of its industry peers.
  • A Debt/Equity ratio of 0.47 indicates that DXCM is not too dependend on debt financing.
  • DXCM has a Debt to Equity ratio (0.47) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2.36
Altman-Z 5.1
ROIC/WACC1.68
WACC9.36%
DXCM Yearly LT Debt VS Equity VS FCFDXCM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 1.56 indicates that DXCM should not have too much problems paying its short term obligations.
  • DXCM has a Current ratio of 1.56. This is in the lower half of the industry: DXCM underperforms 70.97% of its industry peers.
  • DXCM has a Quick Ratio of 1.38. This is a normal value and indicates that DXCM is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of DXCM (1.38) is comparable to the rest of the industry.
  • The current and quick ratio evaluation for DXCM is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.56
Quick Ratio 1.38
DXCM Yearly Current Assets VS Current LiabilitesDXCM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 9.41% over the past year.
  • DXCM shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 29.25% yearly.
  • DXCM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.21%.
  • The Revenue has been growing by 22.27% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)9.41%
EPS 3Y35.38%
EPS 5Y29.25%
EPS Q2Q%35.56%
Revenue 1Y (TTM)14.21%
Revenue growth 3Y18.1%
Revenue growth 5Y22.27%
Sales Q2Q%21.64%

3.2 Future

  • Based on estimates for the next years, DXCM will show a very strong growth in Earnings Per Share. The EPS will grow by 22.05% on average per year.
  • Based on estimates for the next years, DXCM will show a quite strong growth in Revenue. The Revenue will grow by 13.28% on average per year.
EPS Next Y27.5%
EPS Next 2Y23.7%
EPS Next 3Y22.67%
EPS Next 5Y22.05%
Revenue Next Year15.45%
Revenue Next 2Y14.12%
Revenue Next 3Y13.7%
Revenue Next 5Y13.28%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
DXCM Yearly Revenue VS EstimatesDXCM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B
DXCM Yearly EPS VS EstimatesDXCM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3 4 5

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 37.72, which means the current valuation is very expensive for DXCM.
  • Compared to the rest of the industry, the Price/Earnings ratio of DXCM indicates a somewhat cheap valuation: DXCM is cheaper than 71.51% of the companies listed in the same industry.
  • DXCM's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.93.
  • A Price/Forward Earnings ratio of 27.79 indicates a quite expensive valuation of DXCM.
  • Based on the Price/Forward Earnings ratio, DXCM is valued a bit cheaper than 72.58% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. DXCM is around the same levels.
Industry RankSector Rank
PE 37.72
Fwd PE 27.79
DXCM Price Earnings VS Forward Price EarningsDXCM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DXCM is valued a bit cheaper than 73.12% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, DXCM is valued cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 25.77
EV/EBITDA 23.23
DXCM Per share dataDXCM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • DXCM has an outstanding profitability rating, which may justify a higher PE ratio.
  • DXCM's earnings are expected to grow with 22.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.37
PEG (5Y)1.29
EPS Next 2Y23.7%
EPS Next 3Y22.67%

0

5. Dividend

5.1 Amount

  • No dividends for DXCM!.
Industry RankSector Rank
Dividend Yield 0%

DEXCOM INC

NASDAQ:DXCM (2/9/2026, 4:03:09 PM)

After market: 70.16 0 (0%)

70.16

+0.19 (+0.27%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)10-30
Earnings (Next)02-12
Inst Owners99.77%
Inst Owner Change-4.37%
Ins Owners0.19%
Ins Owner Change2.62%
Market Cap27.36B
Revenue(TTM)4.52B
Net Income(TTM)720.70M
Analysts85.95
Price Target87.74 (25.06%)
Short Float %3.98%
Short Ratio2.96
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.05%
Min EPS beat(2)5.32%
Max EPS beat(2)6.77%
EPS beat(4)2
Avg EPS beat(4)-0.91%
Min EPS beat(4)-11.66%
Max EPS beat(4)6.77%
EPS beat(8)6
Avg EPS beat(8)4.61%
EPS beat(12)10
Avg EPS beat(12)13.69%
EPS beat(16)11
Avg EPS beat(16)6.53%
Revenue beat(2)2
Avg Revenue beat(2)0.74%
Min Revenue beat(2)0.61%
Max Revenue beat(2)0.88%
Revenue beat(4)2
Avg Revenue beat(4)0.02%
Min Revenue beat(4)-1.2%
Max Revenue beat(4)0.88%
Revenue beat(8)2
Avg Revenue beat(8)-0.92%
Revenue beat(12)5
Avg Revenue beat(12)-0.38%
Revenue beat(16)6
Avg Revenue beat(16)-0.58%
PT rev (1m)-0.9%
PT rev (3m)-14.09%
EPS NQ rev (1m)0.41%
EPS NQ rev (3m)0.29%
EPS NY rev (1m)0.16%
EPS NY rev (3m)-0.07%
Revenue NQ rev (1m)0.39%
Revenue NQ rev (3m)0.24%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.04%
Valuation
Industry RankSector Rank
PE 37.72
Fwd PE 27.79
P/S 6.06
P/FCF 25.77
P/OCF 18.9
P/B 10.04
P/tB 10.43
EV/EBITDA 23.23
EPS(TTM)1.86
EY2.65%
EPS(NY)2.52
Fwd EY3.6%
FCF(TTM)2.72
FCFY3.88%
OCF(TTM)3.71
OCFY5.29%
SpS11.58
BVpS6.99
TBVpS6.73
PEG (NY)1.37
PEG (5Y)1.29
Graham Number17.1
Profitability
Industry RankSector Rank
ROA 9.61%
ROE 26.44%
ROCE 19.96%
ROIC 15.72%
ROICexc 77.75%
ROICexgc 88.6%
OM 18.41%
PM (TTM) 15.96%
GM 60.2%
FCFM 23.51%
ROA(3y)7.95%
ROA(5y)8.21%
ROE(3y)23.2%
ROE(5y)22.06%
ROIC(3y)11.25%
ROIC(5y)9.23%
ROICexc(3y)35.45%
ROICexc(5y)29.66%
ROICexgc(3y)40.94%
ROICexgc(5y)33.19%
ROCE(3y)14.28%
ROCE(5y)11.73%
ROICexgc growth 3Y55.18%
ROICexgc growth 5Y18.96%
ROICexc growth 3Y50.14%
ROICexc growth 5Y16.58%
OM growth 3Y10.52%
OM growth 5Y8.87%
PM growth 3Y17.27%
PM growth 5Y15.84%
GM growth 3Y-3.98%
GM growth 5Y-0.72%
F-Score5
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 2.36
Debt/EBITDA 1.2
Cap/Depr 158.02%
Cap/Sales 8.55%
Interest Coverage 250
Cash Conversion 134.63%
Profit Quality 147.34%
Current Ratio 1.56
Quick Ratio 1.38
Altman-Z 5.1
F-Score5
WACC9.36%
ROIC/WACC1.68
Cap/Depr(3y)175.34%
Cap/Depr(5y)240.83%
Cap/Sales(3y)9.32%
Cap/Sales(5y)10.84%
Profit Quality(3y)97.76%
Profit Quality(5y)73.64%
High Growth Momentum
Growth
EPS 1Y (TTM)9.41%
EPS 3Y35.38%
EPS 5Y29.25%
EPS Q2Q%35.56%
EPS Next Y27.5%
EPS Next 2Y23.7%
EPS Next 3Y22.67%
EPS Next 5Y22.05%
Revenue 1Y (TTM)14.21%
Revenue growth 3Y18.1%
Revenue growth 5Y22.27%
Sales Q2Q%21.64%
Revenue Next Year15.45%
Revenue Next 2Y14.12%
Revenue Next 3Y13.7%
Revenue Next 5Y13.28%
EBIT growth 1Y28.95%
EBIT growth 3Y30.52%
EBIT growth 5Y33.11%
EBIT Next Year73.63%
EBIT Next 3Y36.37%
EBIT Next 5Y30.77%
FCF growth 1Y112.47%
FCF growth 3Y127.88%
FCF growth 5Y36.21%
OCF growth 1Y93.75%
OCF growth 3Y30.77%
OCF growth 5Y25.76%

DEXCOM INC / DXCM FAQ

Can you provide the ChartMill fundamental rating for DEXCOM INC?

ChartMill assigns a fundamental rating of 7 / 10 to DXCM.


Can you provide the valuation status for DEXCOM INC?

ChartMill assigns a valuation rating of 5 / 10 to DEXCOM INC (DXCM). This can be considered as Fairly Valued.


Can you provide the profitability details for DEXCOM INC?

DEXCOM INC (DXCM) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for DXCM stock?

The Price/Earnings (PE) ratio for DEXCOM INC (DXCM) is 37.72 and the Price/Book (PB) ratio is 10.04.