Stock · DXCM · Healthcare

DexCom Inc

United States · Large Cap · listed since 2005 · Revenue 12 mo. $5B

Price as of 11/06/2026

StockScorer score
8.2
of 10 9 of 11 points High Match To the score
Price
$79.41
1 Y +27.3%
Market cap
$28.8B
Phase
Growth
revenue growing, core business profitable
Revenue +17.0% a year (3 years)EBIT margin 19.6%Payout 34.7% of operating cash flow

DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

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DexCom, Inc., a medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally. The company offers Dexcom G7 and G7 15 Day, an integrated continuous glucose monitoring system; Dexcom G6, a CGM system; Dexcom ONE+ to replace fingerstick blood glucose testing for diabetes treatment decisions; Stelo, a biosensor designed for adults with prediabetes and Type 2 diabetes who do not use insulin; Dexcom Share, a remote monitoring system; and Dexcom Follow application. It markets its products directly to endocrinologists, physicians, and diabetes educators. The company was incorporated in 1999 and is headquartered in San Diego, California.

Original text from the data provider

Summary

DexCom Inc is around the middle of the Healthcare sector overall

56.3 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 12.2% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €966.7M (2025), it supports €10.7B. The remaining €15.1B of the market value assume it grows 12.2% a year for 10 years and not at all afterwards.

Required FCF growth per year

12.2%

no growth afterwards

Market value breakdown€25.8B market value, price as of 11/06/2026

€10.7B without growth
€15.1B priced-in growth
  • 5 yrs achieved 51.8%
  • 10 yrs achieved 64.1%
  • priced in 12.2%

Valuation against its own history

Price to operating cash flow 17.8×, below its usual range.

Middle half of 20 quarters: 31.2× to 71.9×, median 53.1×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 12.2%, achieved at least 51.8%
  • High, stable gross margin median 64.5%, range 8.5 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • Volatile earnings 3 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 2 figures better, 2 worse.

  • EBIT margin21.5% → 22.9%+1.5 ppbetter
  • FCF margin29.7% → 28.3%−1.4 ppworse
  • Net debt$266.6M → $293.4M+10.1%worse
  • Return on equity31.5% → 38.1%+6.7 ppbetter

4 more unchanged: Revenue, 12 mo., FCF, 12 mo., Gross margin, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability61.2above the middleEarns more than the sector: Return on equity 30.46%, sector 11.52%.
MetricStockSector medianPosition in sector
Return on equity30.46%11.52%Rank 85
Return on capital (Greenblatt)25.84%32.55%Rank 37
EBIT margin19.56%18.31%Rank 57
FCF margin23.11%14.12%Rank 79
Gross margin60.10%60.99%Rank 48
Growth78.3above the middleGrows faster than the sector: Sustainable growth (ROE × retained earnings) 7.80%, sector 3.66%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year15.60%8.04%Rank 82
Earnings growth, 3 years per year37.22%5.44%Rank 85
Earnings growth, 5 years per year10.26%7.00%Rank 59
Sustainable growth (ROE × retained earnings)7.80%3.66%Rank 88
Valuation37.8below the middleValued higher than the sector: EV/EBIT 30.87, sector 21.73.
MetricStockSector medianPosition in sector
Earnings yield2.60%2.90%Rank 41
FCF yield3.75%3.63%Rank 51
EV/saleslower is better6.044.03Rank 34
EV/EBITlower is better30.8721.73Rank 26
Momentum46.9around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year27.26%8.66%Rank 77
Share price, 6 months31.50%24.27%Rank 67
Share price, 3 months−1.17%15.42%Rank 12
Distance from 52-week high−14.00%−7.35%Rank 32
Quality66.8above the middleQuality above the sector: Accruals (Sloan) −17.78%, sector 0.30%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−17.78%0.30%Rank 98
Change in share countlower is better−1.74%0.00%Rank 75
Dividend streak in years–10Rank 13
Price reaction to results, market-adjusted4.55%0.05%Rank 82
Balance sheet & risk46.6around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio43.31%48.40%Rank 39
Net debt/EBITDAlower is better−0.451.11Rank 75
Debt to equitylower is better0.510.48Rank 49
Volatility, 1 yearlower is better40.38%31.42%Rank 23

Ten years in figures

Revenue from $573.3M (2016) to $4.7B (2025), 26.2% a year.

Fiscal years, amounts in USD
YearRevenueEBIT marginFCFSharesNet debt
2016$573.3M−11.2%$500.0K334M−$88.5M
2017$718.5M−5.9%$26.0M345M−$113.9M
2018$1.0B−18.1%$56.1M353M−$126.7M
2019$1.5B9.6%$134.5M369M$713.9M
2020$1.9B15.5%$276.6M390M$1.0B
2021$2.4B10.9%$53.3M429M$1.1B
2022$2.9B13.4%$304.7M428M$1.5B
2023$3.6B16.5%$511.9M426M$2.0B
2024$4.0B14.9%$630.7M413M$2.0B
2025$4.7B19.6%$1.1B406M$472.0M
8.2 / 10High MatchStockScorer score9 of 11 points

6 of 7 StockScorer Score rules met · How the score is built

DexCom Inc mainly meets criteria in the Growth category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 100%This stock · Valuation: 100%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How DexCom Inc's score is built

DexCom Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

6 of 7 rules met

9 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%met2 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does DexCom Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Altman Z-Score: Stress Test
  • Earnings Quality: Accrual Check (Sloan)
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • High-Growth / Rule of 40
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

DexCom Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for DexCom Inc.

MetricStockSector
P/E ratio38.530.0
P/B ratio11.74.8
Return on equity (ROE)30.5%11.5%
Equity ratio43.3%48.4%
Debt-to-equity (D/E)0.510.48
Dividend yield0.0%1.3%

Similar stocks in Healthcare

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
DXCMDexCom Incthis page
STESTERIS plcLow4.5
GEHCGE HealthCare Technologies Inc.Low4.5
ZBHZimmer Biomet Holdings IncLow4.5
GKOSGlaukos Corplocked
PENPenumbra Inclocked

Frequently asked questions about DexCom Inc stock

How does DexCom Inc stock (DXCM) score in the StockScorer model?
DexCom Inc stock reaches a StockScorer score of 8.2 out of 10, which is a high match with the rule-based strategies. 6 out of 7 flagship profile rules are met.
What is DexCom Inc's P/E ratio?
DexCom Inc's P/E ratio is 38.5. The Healthcare sector median is 30.0.
What sector is DexCom Inc in?
DexCom Inc is assigned to the Healthcare sector. Its rank within the sector is 56.3 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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