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DexCom (DXCM) Stock Analysis

This is a peer-relative look at DexCom (DXCM): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for DexCom (DXCM)
Profile ItemDXCM
NameDexCom Inc.
Country/RegionUnited States
GICS SectorHealth Care
GICS Industry GroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care Equipment
Market Capitalization29.62 billion USD
CurrencyUSD
ExchangeNasdaq
Listing DateApril 14, 2005
Security TypeCommon Stock

Price Performance

Cumulative Growth

DXCM
GSPC
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DexCom (DXCM) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for DexCom (DXCM) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for DexCom (DXCM) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

DexCom (DXCM) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: DXCMIndustry group median
Total Return (1Y)46.33%21.53%
Total Return (3Y, Annualized)-4.50%9.81%
Total Return (5Y, Annualized)-12.76%-2.76%

Risk Profile

Drawdown History

DXCM
GSPC
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DexCom (DXCM) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for DexCom (DXCM) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

DexCom (DXCM) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: DXCMIndustry group median
Volatility (1Y, Annualized)38.37%50.93%
Beta (5Y)1.430.85
Max Drawdown (5Y)-66.32%-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. DXCM is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

DexCom (DXCM) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: DXCMIndustry group median
Sharpe Ratio (1Y)1.100.34
Sortino Ratio (1Y)1.790.54

Profitability

ROE (TTM)

DexCom (DXCM) posts ROE of 37.67%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

DXCM

Health Care Equipment & Services industry group

37.67%

Group distribution
Max
47.61%
DXCM
37.67%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
Largest peers
DXCM
37.67%
ISRG
17.93%
SYK
16.02%
UNH
15.77%
MDT
10.65%
ABT
9.14%
MCK
--
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Where DexCom (DXCM) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

DexCom (DXCM) keeps 19.42% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

DXCM

Health Care Equipment & Services industry group

19.42%

Group distribution
Max
29.35%
DXCM
19.42%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%
Largest peers
ISRG
25.54%
DXCM
19.42%
MDT
13.93%
SYK
13.78%
ABT
9.75%
UNH
3.53%
MCK
1.12%
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Where DexCom (DXCM) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

DexCom (DXCM) turns 24.34% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

DXCM

Health Care Equipment & Services industry group

24.34%

Group distribution
Max
35.43%
DXCM
24.34%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
Largest peers
ISRG
33.29%
DXCM
24.34%
SYK
22.96%
MDT
19.33%
ABT
11.66%
UNH
5.82%
MCK
1.48%
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Where DexCom (DXCM) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

DexCom (DXCM) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: DXCMIndustry group median
ROE (TTM)37.67%5.45%
ROA (TTM)11.14%3.17%
Net Margin (TTM)19.42%2.18%
Operating Margin (TTM)24.34%6.81%
Gross Margin (TTM)63.42%55.21%

Growth

Revenue Growth

DexCom (DXCM) grew revenue 15.60%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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DexCom (DXCM): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

DexCom (DXCM) grew earnings per share 47.18%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

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DexCom (DXCM): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

DexCom (DXCM) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: DXCMIndustry group median
Revenue Growth (YoY)15.60%11.55%
Revenue Growth (3Y CAGR)17.01%10.83%
EPS Growth (YoY)47.18%4.88%
EPS Growth (3Y CAGR)36.60%14.59%

Financial Strength

Current Ratio (MRQ)

DexCom (DXCM) has current ratio of 1.74, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

DXCM

Health Care Equipment & Services industry group

1.74

Group distribution
Max
7.59
Q3
4.00
Median
1.98
DXCM
1.74
Q1
1.37
Min
0.30
Largest peers
ISRG
3.33
SYK
2.18
MDT
2.07
DXCM
1.74
ABT
1.46
MCK
0.90
UNH
0.74
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Where DexCom (DXCM) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

DexCom (DXCM) has debt-to-equity ratio of 0.55, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

DXCM

Health Care Equipment & Services industry group

0.55

Group distribution
Max
1.88
Q3
0.91
Median
0.58
DXCM
0.55
Q1
0.16
Min
0.00
Largest peers
UNH
0.70
SYK
0.66
ABT
0.61
MDT
0.55
DXCM
0.55
ISRG
--
MCK
--
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Where DexCom (DXCM) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

DexCom (DXCM) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: DXCMIndustry group median
Current Ratio (MRQ)1.741.98
Debt / Equity (MRQ)0.550.58
Net Debt / EBITDA-0.282.04

Dividends

Dividend Yield (TTM)

DexCom (DXCM) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

DXCM

Health Care Equipment & Services industry group

0.00%

Group distribution
DXCM
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
MDT
2.72%
UNH
2.29%
ABT
2.22%
SYK
1.05%
MCK
0.32%
DXCM
0.00%
ISRG
0.00%
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Where DexCom (DXCM) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

DexCom (DXCM) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

DXCM

Health Care Equipment & Services industry group

0.00%

Group distribution
DXCM
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
ABT
92.54%
MDT
70.02%
UNH
51.71%
SYK
37.49%
MCK
8.77%
DXCM
0.00%
ISRG
0.00%
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Where DexCom (DXCM) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

DexCom (DXCM) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: DXCMIndustry group median
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

DexCom (DXCM) trades at P/E ratio of 31.26, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

DXCM

Health Care Equipment & Services industry group

31.26

Group distribution
Max
80.41
Q3
47.62
DXCM
31.26
Median
29.93
Q1
21.19
Min
4.21
Largest peers
ISRG
54.75
ABT
41.02
SYK
34.70
DXCM
31.26
MCK
27.36
MDT
25.01
UNH
22.50
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Where DexCom (DXCM) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

DexCom (DXCM) trades at 5.80 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

DXCM

Health Care Equipment & Services industry group

5.80

Group distribution
Max
8.80
DXCM
5.80
Q3
4.32
Median
2.13
Q1
1.10
Min
0.03
Largest peers
ISRG
13.82
DXCM
5.80
SYK
4.72
ABT
3.95
MDT
3.47
UNH
0.78
MCK
0.29
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Where DexCom (DXCM) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

DexCom (DXCM) trades at 11.68 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

DXCM

Health Care Equipment & Services industry group

11.68

Group distribution
DXCM
11.68
Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
Min
-1.31
Largest peers
DXCM
11.68
ISRG
9.82
SYK
5.29
ABT
3.73
UNH
3.60
MDT
2.59
MCK
-30.85
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Where DexCom (DXCM) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

DexCom (DXCM) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: DXCMIndustry group median
P/E Ratio (TTM)31.2629.93
P/S Ratio (TTM)5.802.13
P/B Ratio (MRQ)11.683.00
Free Cash Flow Yield (TTM)2.74%3.50%