DXCM vs. MCK: DexCom vs. McKesson Stock Comparison

November 11, 2026

How do DexCom (DXCM) and McKesson (MCK) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

DexCom (DXCM) and McKesson (MCK) both fall under the Health Care Equipment & Services industry group, but DXCM is classified in Health Care Equipment & Supplies while MCK is classified in Health Care Providers & Services.

Company profile comparison for DexCom (DXCM) and McKesson (MCK)
Profile Item	DXCM	MCK
Name	DexCom Inc.	McKesson Corporation
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Providers & Services
GICS Sub-Industry	Health Care Equipment	Health Care Distributors
Market Capitalization	29.62 billion USD	122.48 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 14, 2005	November 10, 1994
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DXCM

MCK

GSPC

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

Trailing Returns

Loading price history…

Trailing total returns for DexCom (DXCM) and McKesson (MCK). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for DexCom (DXCM) and McKesson (MCK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for DexCom (DXCM) and McKesson (MCK)
Metric	DXCM	MCK
Total Return (1Y)	46.33%	25.40%
Total Return (3Y, Annualized)	-4.50%	32.67%
Total Return (5Y, Annualized)	-12.76%	37.84%

Risk Profile

Drawdown History

DXCM

MCK

GSPC

DexCom (DXCM) vs. McKesson (MCK), with S&P 500 (GSPC) for reference: 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

Loading price history…

Distribution of monthly total returns for DexCom (DXCM) and McKesson (MCK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

DexCom (DXCM) has an aggressive beta of 1.43, indicating higher sensitivity to broad-market moves, while McKesson (MCK) is defensive at 0.26 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for DexCom (DXCM) and McKesson (MCK)
Metric	DXCM	MCK
Volatility (1Y, Annualized)	38.37%	31.71%
Beta (5Y)	1.43	0.26
Max Drawdown (5Y)	-66.32%	-27.17%
Avg. Volume (3M)	4.34M	822.69K

Risk-Adjusted Performance

Risk-Return Positioning

DXCM and MCK are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for DexCom (DXCM) and McKesson (MCK)
Metric	DXCM	MCK
Sharpe Ratio (1Y)	1.10	0.67
Sortino Ratio (1Y)	1.79	1.15

Profitability

ROE (TTM)

Capital efficiency shows on one side only: DexCom (DXCM) earns 37.67% on shareholders’ equity, ranked against its industry; McKesson (MCK) has no ROE this period.

DXCM

Health Care Equipment & Services industry group

37.67%

Max: 47.61%
DXCM: 37.67%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

MCK

Health Care Equipment & Services industry group

Max: 47.61%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%
MCK: --

DexCom (DXCM) vs. McKesson (MCK): MCK does not report ROE, so it has no value marker; DXCM is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

DexCom (DXCM) at 19.42% retains a top-quartile share of revenue as profit, ahead of McKesson (MCK) at 1.12%, which keeps about the industry-typical share.

DXCM

Health Care Equipment & Services industry group

19.42%

Max: 29.35%
DXCM: 19.42%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

MCK

Health Care Equipment & Services industry group

1.12%

Max: 29.35%
Q3: 9.33%
Median: 2.18%
MCK: 1.12%
Q1: -6.29%
Min: -28.46%

DexCom (DXCM) vs. McKesson (MCK): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

DexCom (DXCM) at 24.34% operates in the top operating margin quartile, ahead of McKesson (MCK) at 1.48%, which runs around its industry’s norm.

DXCM

Health Care Equipment & Services industry group

24.34%

Max: 35.43%
DXCM: 24.34%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

MCK

Health Care Equipment & Services industry group

1.48%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
MCK: 1.48%
Q1: -0.28%
Min: -16.29%

DexCom (DXCM) vs. McKesson (MCK): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for DexCom (DXCM) and McKesson (MCK)
Metric	DXCM	MCK
ROE (TTM)	37.67%	--
ROA (TTM)	11.14%	4.72%
Net Margin (TTM)	19.42%	1.12%
Operating Margin (TTM)	24.34%	1.48%
Gross Margin (TTM)	63.42%	3.65%

Growth

Revenue Growth

Both DexCom (DXCM) at 15.60% and McKesson (MCK) at 12.36% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

DexCom (DXCM) vs. McKesson (MCK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both DexCom (DXCM) at 47.18% and McKesson (MCK) at 49.22% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

DexCom (DXCM) vs. McKesson (MCK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for DexCom (DXCM) and McKesson (MCK)
Metric	DXCM	MCK
Revenue Growth (YoY)	15.60%	12.36%
Revenue Growth (3Y CAGR)	17.01%	13.39%
EPS Growth (YoY)	47.18%	49.22%
EPS Growth (3Y CAGR)	36.60%	15.31%

Financial Strength

Current Ratio (MRQ)

DexCom (DXCM) at 1.74 keeps current ratio within its industry’s typical mid-range, while McKesson (MCK) at 0.90 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MCK.

DXCM

Health Care Equipment & Services industry group

1.74

Max: 7.59
Q3: 4.00
Median: 1.98
DXCM: 1.74
Q1: 1.37
Min: 0.30

MCK

Health Care Equipment & Services industry group

0.90

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
MCK: 0.90
Min: 0.30

DexCom (DXCM) vs. McKesson (MCK): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: DexCom (DXCM) carries debt-to-equity ratio of 0.55 against its industry range, while McKesson (MCK) reports no figure this period.

DXCM

Health Care Equipment & Services industry group

0.55

Max: 1.88
Q3: 0.91
Median: 0.58
DXCM: 0.55
Q1: 0.16
Min: 0.00

MCK

Health Care Equipment & Services industry group

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00
MCK: --

DexCom (DXCM) vs. McKesson (MCK): MCK does not report debt-to-equity ratio, so it has no value marker; DXCM is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for DexCom (DXCM) and McKesson (MCK)
Metric	DXCM	MCK
Current Ratio (MRQ)	1.74	0.90
Debt / Equity (MRQ)	0.55	--
Net Debt / EBITDA	-0.28	0.64

Dividends

Dividend Yield (TTM)

DexCom (DXCM) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile McKesson (MCK) reports a yield of 0.32%, ranking against industry peers normally.

DXCM

Health Care Equipment & Services industry group

0.00%

DXCM: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MCK

Health Care Equipment & Services industry group

0.32%

MCK: 0.32%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DexCom (DXCM) vs. McKesson (MCK): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

DexCom (DXCM) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile McKesson (MCK) reports a payout of 8.77%, ranking against industry peers normally.

DXCM

Health Care Equipment & Services industry group

0.00%

DXCM: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

MCK

Health Care Equipment & Services industry group

8.77%

MCK: 8.77%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DexCom (DXCM) vs. McKesson (MCK): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for DexCom (DXCM) and McKesson (MCK)
Metric	DXCM	MCK
Dividend Yield (TTM)	0.00%	0.32%
Dividend Payout Ratio (TTM)	0.00%	8.77%

Valuation

P/E Ratio (TTM)

Both DexCom (DXCM) at 31.26 and McKesson (MCK) at 27.36 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

DXCM

Health Care Equipment & Services industry group

31.26

Max: 80.41
Q3: 47.62
DXCM: 31.26
Median: 29.93
Q1: 21.19
Min: 4.21

MCK

Health Care Equipment & Services industry group

27.36

Max: 80.41
Q3: 47.62
Median: 29.93
MCK: 27.36
Q1: 21.19
Min: 4.21

DexCom (DXCM) vs. McKesson (MCK): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

McKesson (MCK) at 0.29 looks cheap on sales in the lower P/S ratio quartile, while DexCom (DXCM) at 5.80 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

DXCM

Health Care Equipment & Services industry group

5.80

Max: 8.80
DXCM: 5.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

MCK

Health Care Equipment & Services industry group

0.29

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
MCK: 0.29
Min: 0.03

DexCom (DXCM) vs. McKesson (MCK): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

McKesson (MCK) reports a negative P/B ratio of -30.85, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile DexCom (DXCM) reports 11.68, ranking against industry peers normally.

DXCM

Health Care Equipment & Services industry group

11.68

DXCM: 11.68
Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

MCK

Health Care Equipment & Services industry group

-30.85

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31
MCK: -30.85

DexCom (DXCM) vs. McKesson (MCK): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for DexCom (DXCM) and McKesson (MCK)
Metric	DXCM	MCK
P/E Ratio (TTM)	31.26	27.36
P/S Ratio (TTM)	5.80	0.29
P/B Ratio (MRQ)	11.68	-30.85
Free Cash Flow Yield (TTM)	2.74%	6.04%