Aureus
AExcellent

DexCom, Inc.(DXCM)

A

Financial data as of Dec 31, 2025Stable · Healthcare

FCF Margin23.1%Free Cash Flow / Revenue
Cash Conversion172.3%Operating CF / Net Income
Free Cash Flow$1.1B
Revenue$4.7B
Net Cash-$472.0MNet debt position
Debt / FCF1.3xManageable debt load
Current Ratio1.88Adequate short-term liquidity
YoY FCF Growth+8.7%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (23.1%, 1.3x)
→
+1Very low debt-to-FCF ratio (1.3x)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (23.1%)
  • Excellent cash conversion (172%)
  • Very low debt relative to cash flow (1.3x)

Concerns

  • Net debt position ($0.5B) — 1.3x FCF, manageable

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin23.1%
Net Margin17.9%
Operating CF Margin30.9%
CapEx Ratio7.8%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$472.0MNet debt position
Debt / FCF1.3xManageable debt load
Current Ratio1.88Strong liquidity
Debt / Equity0.51Low leverage

Quarterly FCF Trend

+8.7% YoYStable (+8.7%)

Free cash flow per quarter

Sector Comparison — Healthcare

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameDexCom, Inc.
SectorHealthcare
Free Cash Flow$1.1B
Revenue$4.7B
Net Income$836.3M
Operating Cash Flow$1.4B
Capital Expenditure$363.5M
FCF Margin23.1%
Cash Conversion Rate172.3%
Net Margin17.9%
Total Debt$1.4B
Total Cash$917.7M
Net Cash-$472.0M
Current Ratio1.88
Debt / Equity0.51
Debt / FCF1.3x
YoY FCF Growth+8.7%
Positive Quarters5 of 5
Trend DirectionStable
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance

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