DexCom, Inc.

DXCM Healthcare Medical Devices

DexCom, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 15.6% from fiscal 2024. In the quarter to June 2026, revenue grew 13.1%, EPS grew 41.3%, free cash flow fell 11.7% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

86.06 1.65 −1.88%
Market cap
$33.1B
P/E
33.2×
Fwd P/E
29.8×
Dividend yield
—
F-score
8/9
Altman Z
6.43
Beneish M
−2.70
Dividend safety
n/a

DexCom, Inc. (DXCM) Return on invested capital

Alert me on Return on invested capital

DexCom, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 37.1%, up 8.5 percentage points from fiscal 2025 (28.7%). Over the past ten years it has ranged from −40.4% (fiscal 2018) to 49.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Medical Devices industry median of −10.3% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 28.7% (20.67)
FY2024 49.3% 28.33
FY2023 21.0% 6.14
FY2022 14.9% 2.21
FY2021 12.7% (10.66)
FY2020 23.3% 2.28
FY2019 21.0% 61.46
FY2018 −40.4% (27.04)
FY2017 −13.4% 10.65
FY2016 −24.0% 8.91

Against its own ten years

Low −40.4% High 49.3%
Ten-year median 14.9%
Current reading's percentile 91

Return on invested capital against peers

Company Return on invested capital
DXCM DexCom, Inc. 37.1%
PEN Penumbra, Inc. compare 13.1%
EW Edwards Lifesciences Corporation compare 12.8%
GEHC GE HealthCare Technologies Inc. compare 8.37%
STE STERIS plc compare 8.27%
BSX Boston Scientific Corporation compare 6.96%
PHG Koninklijke Philips N.V. compare 6.69%
ZBH Zimmer Biomet Holdings, Inc. compare 3.82%
SNN Smith & Nephew SNATS, Inc. compare 0.00%
Medical Devices industry median −10.3%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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