Company Analysis

DexCom, Inc. (DXCM)

Nasdaq: DXCM · Surgical & Medical Instruments & Apparatus · San Diego, CA · filing with the SEC since 2002
Grade6.5
◀ Past 7.2● Present 6.7▶ Future 5.6

The grade of DexCom, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.5/10
◀ Past7.230% of the headline
● Present6.740% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

7.2/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.5/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2025-03-25.

weight 33% of this tense · 55th percentile among 121 sector filers · read for itself

From the record

DexCom, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2025-03-25) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.0/10

What has it actually done, year after year?

+26.2% a year over 10 filed years; profitable in 7 of 10.

weight 45% of this tense · 80th percentile among 105 sector filers · read for its customers

From the record

DexCom, Inc.'s 10 filed years say what it did: revenue went from $573 million in fiscal 2016 to $4.7 billion in fiscal 2025, up 26.2% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 7 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span26.2%top 26% of its family
  • the share of years revenue rosetop 15% of its family
  • the share of filed years with a profittop 24% of its family
  • the deepest fall from a revenue peak0.0%top 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.4/10

How has it treated the people who own it?

Share count shrank 1.7% a year. 61% of cash flow returned. Insiders: 31 sales, 0 purchases.

weight 22% of this tense · 84th percentile among 40 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, DexCom, Inc.'s diluted share count shrank about 1.7% a year, and dividends and buybacks returned about 61% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 31 sales (31 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 9% of its family
  • cash returned against operating cash flowtop 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.7/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.2/10

Is it financially healthy right now?

ROE 30%: 30¢ of profit per shareholder dollar. Leverage 57%: owes 57¢ per asset dollar.

weight 45% of this tense · 72nd percentile among 120 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, DexCom, Inc. earned about 30 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 44 cents per dollar of everything the company owns. Leverage: it owed about 57 cents per dollar of assets, and net share issuance: its share count shrank 1.7% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 36% of its family
  • return on equitytop 3% of its family
  • gross profit against assetstop 34% of its family
  • the share count against the year beforetop 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
8.0/10

How strong is its position in its industry?

top 20% of 109 in its family; net margin 17.9%.

weight 33% of this tense · 80th percentile among 109 sector filers · read for its customers

From the record

DexCom, Inc.'s standing among 109 graded names in its industry family: revenue of $4.7 billion in fiscal 2025 ranks in the top 8% by size; a net margin of 17.9% ranks in the top 9%; revenue growth of 17% a year over the last 3 filed years ranks in the top 44% (its annual reports).

What it rests on

  • revenue against the family$4.66Btop 8% of its family
  • net margin17.9%top 9% of its family
  • three-year revenue growth17.0%top 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.5/10

What are the people in charge doing?

bottom 35% of 91 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 35th percentile among 91 sector filers · read for its shareholders

From the record

DexCom, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Leach, Jacob Steven (President, CEO, and Director, as filed), filing under that title since 2026-02-02, 9 months (bottom 17% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 6.1 years (top 40%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (bottom 29%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge13 in three years among 17 peoplebottom 29% of its family
  • the median years the people in charge have filed6.1 yearstop 40% of its family
  • the chief executive's years on the record10 monthsbottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.3/10

How much room does it have to grow?

top 37% of 104 in its family for room to expand.

weight 45% of this tense · 63rd percentile among 104 sector filers · read for itself

From the record

DexCom, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $918 million against no long-term debt tagged leaves 14.5% of its assets as net cash, top 44% of its family; cash from operations less capital spending is 23.1% of revenue (top 6%); a gross margin of 60.1% (bottom 48%); research spending of 12.9% of revenue (top 46%) (its annual report).

What it rests on

  • cash less debt against assets14.5%top 44% of its family
  • cash from operations less capital spending against revenue23.1%top 6% of its family
  • gross margin60.1%bottom 48% of its family
  • research spending against revenue12.9%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.7/10

What could actually drive growth from here?

bottom 47% of 105 in its family for growth drivers.

weight 33% of this tense · 47th percentile among 105 sector filers · read for its customers

From the record

DexCom, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 17% a year over the last three filed years against 26.2% over all 10, slowing (bottom 28% of its family); the newest year grew 15.6% (top 44%); research spending grew 7.4% a year (top 46%); capital spending grew -0.1% a year (top 50%) (its annual reports). DexCom, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-9.2 points a yearbottom 28% of its family
  • the newest year's revenue growth15.6%top 44% of its family
  • three-year growth of research spending7.4%top 46% of its family
  • three-year growth of capital spending-0.1%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.7/10

Did its newest year beat what its own record pointed to?

top 43% of 88 in its family for expectations against reality.

weight 22% of this tense · 57th percentile among 88 sector filers · read for its shareholders

From the record

DexCom, Inc.'s newest year against its own record: revenue of $4.7 billion in fiscal 2025 came in 1.8% below the $4.7 billion its prior three years' pace pointed to (top 46% of its family); net income of $836 million against a prior three-year average of $486 million (top 24%); a net margin of 17.9% against 13.7% before (bottom 39%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-1.8%top 46% of its family
  • net income against the prior three years' average+72%top 24% of its family
  • net margin against its prior average+4.3 pointsbottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DXCM · research, not advice