DXCM vs. UNH: DexCom vs. UnitedHealth Stock Comparison

November 11, 2026

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

Company profile comparison for DexCom (DXCM) and UnitedHealth (UNH)
Profile Item	DXCM	UNH
Name	DexCom Inc.	UnitedHealth Group Inc.
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	Managed Health Care
Market Capitalization	29.62 billion USD	353.17 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	April 14, 2005	October 17, 1984
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

DXCM

UNH

GSPC

DexCom (DXCM) vs. UnitedHealth (UNH), 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

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

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for DexCom (DXCM) and UnitedHealth (UNH)
Metric	DXCM	UNH
Total Return (1Y)	46.33%	26.08%
Total Return (3Y, Annualized)	-4.50%	-7.69%
Total Return (5Y, Annualized)	-12.76%	-1.26%

Risk Profile

Drawdown History

DXCM

UNH

GSPC

DexCom (DXCM) vs. UnitedHealth (UNH), 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

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Distribution of monthly total returns for DexCom (DXCM) and UnitedHealth (UNH). 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 UnitedHealth (UNH) is defensive at 0.52 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.

Risk profile metrics for DexCom (DXCM) and UnitedHealth (UNH)
Metric	DXCM	UNH
Volatility (1Y, Annualized)	38.37%	34.76%
Beta (5Y)	1.43	0.52
Max Drawdown (5Y)	-66.32%	-61.39%
Avg. Volume (3M)	4.34M	5.13M

Risk-Adjusted Performance

Risk-Return Positioning

DXCM and UNH 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 UnitedHealth (UNH)
Metric	DXCM	UNH
Sharpe Ratio (1Y)	1.10	0.63
Sortino Ratio (1Y)	1.79	0.86

Profitability

ROE (TTM)

Both DexCom (DXCM) at 37.67% and UnitedHealth (UNH) at 15.77% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

UNH

Health Care Equipment & Services industry group

15.77%

Max: 47.61%
UNH: 15.77%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

DexCom (DXCM) vs. UnitedHealth (UNH): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

DexCom (DXCM) at 19.42% retains a top-quartile share of revenue as profit, ahead of UnitedHealth (UNH) at 3.53%, 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%

UNH

Health Care Equipment & Services industry group

3.53%

Max: 29.35%
Q3: 9.33%
UNH: 3.53%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

DexCom (DXCM) vs. UnitedHealth (UNH): 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 UnitedHealth (UNH) at 5.82%, 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%

UNH

Health Care Equipment & Services industry group

5.82%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
UNH: 5.82%
Q1: -0.28%
Min: -16.29%

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

Profitability Metrics

Profitability metrics for DexCom (DXCM) and UnitedHealth (UNH)
Metric	DXCM	UNH
ROE (TTM)	37.67%	15.77%
ROA (TTM)	11.14%	5.24%
Net Margin (TTM)	19.42%	3.53%
Operating Margin (TTM)	24.34%	5.82%
Gross Margin (TTM)	63.42%	20.05%

Growth

Revenue Growth

Both DexCom (DXCM) at 15.60% and UnitedHealth (UNH) at 11.81% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

DexCom (DXCM) at 47.18% sits in the top EPS growth quartile, while UnitedHealth (UNH) at -14.70% is closer to the peer norm — faster per-share earnings growth for DXCM.

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

Growth Metrics

Growth metrics for DexCom (DXCM) and UnitedHealth (UNH)
Metric	DXCM	UNH
Revenue Growth (YoY)	15.60%	11.81%
Revenue Growth (3Y CAGR)	17.01%	11.35%
EPS Growth (YoY)	47.18%	-14.70%
EPS Growth (3Y CAGR)	36.60%	-14.52%

Financial Strength

Current Ratio (MRQ)

DexCom (DXCM) at 1.74 keeps current ratio within its industry’s typical mid-range, while UnitedHealth (UNH) at 0.74 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for UNH.

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

UNH

Health Care Equipment & Services industry group

0.74

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
UNH: 0.74
Min: 0.30

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

Debt / Equity (MRQ)

Both DexCom (DXCM) at 0.55 and UnitedHealth (UNH) at 0.70 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

UNH

Health Care Equipment & Services industry group

0.70

Max: 1.88
Q3: 0.91
UNH: 0.70
Median: 0.58
Q1: 0.16
Min: 0.00

DexCom (DXCM) vs. UnitedHealth (UNH): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for DexCom (DXCM) and UnitedHealth (UNH)
Metric	DXCM	UNH
Current Ratio (MRQ)	1.74	0.74
Debt / Equity (MRQ)	0.55	0.70
Net Debt / EBITDA	-0.28	1.58

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 UnitedHealth (UNH) reports a yield of 2.29%, 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%

UNH

Health Care Equipment & Services industry group

2.29%

UNH: 2.29%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

DexCom (DXCM) vs. UnitedHealth (UNH): 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 UnitedHealth (UNH) reports a payout of 51.71%, 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%

UNH

Health Care Equipment & Services industry group

51.71%

UNH: 51.71%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for DexCom (DXCM) and UnitedHealth (UNH)
Metric	DXCM	UNH
Dividend Yield (TTM)	0.00%	2.29%
Dividend Payout Ratio (TTM)	0.00%	51.71%

Valuation

P/E Ratio (TTM)

Both DexCom (DXCM) at 31.26 and UnitedHealth (UNH) at 22.50 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

UNH

Health Care Equipment & Services industry group

22.50

Max: 80.41
Q3: 47.62
Median: 29.93
UNH: 22.50
Q1: 21.19
Min: 4.21

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

P/S Ratio (TTM)

UnitedHealth (UNH) at 0.78 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

UNH

Health Care Equipment & Services industry group

0.78

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
UNH: 0.78
Min: 0.03

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

P/B Ratio (MRQ)

UnitedHealth (UNH) at 3.60 is valued about in line with its industry on P/B ratio, while DexCom (DXCM) at 11.68 carries an above-peer premium to book — DXCM is pricier on assets.

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

UNH

Health Care Equipment & Services industry group

3.60

Max: 11.68
Q3: 6.12
UNH: 3.60
Median: 3.00
Q1: 1.73
Min: -1.31

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

Valuation Metrics

Valuation metrics for DexCom (DXCM) and UnitedHealth (UNH)
Metric	DXCM	UNH
P/E Ratio (TTM)	31.26	22.50
P/S Ratio (TTM)	5.80	0.78
P/B Ratio (MRQ)	11.68	3.60
Free Cash Flow Yield (TTM)	2.74%	7.50%