DXCM vs EW Stock Comparison

Dexcom and Edwards Lifesciences Prices as of Oct 26, 2026 Peers: Industry group
DXCM Dexcom Inc
$78.57 -9.3% 1M +11.7% 1Y
Market cap
$30.02B
P/E
30.0x
Revenue (TTM)
$4.97B
Div. yield
–
Medical Devices Healthcare
5 wins
EW Edwards Lifesciences Corp
$90.57 +5.0% 1M +19.0% 1Y
Market cap
$52.33B
P/E
52.1x
Revenue (TTM)
$6.51B
Div. yield
–
Medical Devices Healthcare
4 wins

Head to Head

9 decided of 12

Dexcom leads on 5 of the 12 questions below (Dexcom 5, Edwards Lifesciences 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDXCMEWLeader
Larger companyMarket capitalisation $30.02B $52.33B EW
Cheaper on earningsLower P/E, profitable companies only 30.0x 52.1x DXCM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.8x 32.0x DXCM
Faster revenue growthRevenue growth, trailing twelve months +15.5% +14.6% DXCM
More profitableNet margin, trailing twelve months 20.1% 15.4% DXCM
Better return on capitalReturn on invested capital — 9.0% –
Less leveragedLower net debt / EBITDA — -2.3x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +11.7% +19.0% EW
Better 5-year returnAnnualised price return, 5 years -10.9%/yr -4.8%/yr EW
Less volatileAnnualised volatility, 1 year 40.8% 24.8% EW
Higher overall scoreMean of the five percentile scores vs peers 78/100 77/100 DXCM

Percentile Scorecard

DXCMEW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDXCMEW
Valuation 71 #66 of 228 63 #84 of 228
Growth 97 #8 of 221 54 #103 of 221
Profitability 100 #1 of 208 95 #12 of 208
Financial Health 34 #158 of 239 87 #32 of 239
Shareholder Returns 87 #19 of 137 88 #17 of 137
Overall 78 77
  • DXCM ranked among 248 companies in Medical Devices and Diagnostics
  • EW ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDXCMEWSPY
1 month -9.3%+5.0% -0.8%
3 months +7.1%+9.0% +3.5%
6 months +27.9%+8.5% +7.0%
Year to date +18.4%+6.2% +12.2%
1 year +11.7%+19.0% +13.0%
3 years -12.0%+46.8% +86.3%
3 years, per year -4.2%+13.7% +23.1%
5 years -43.7%-22.0% +68.6%
5 years, per year -10.9%-4.8% +11.0%
10 years +306.9%+188.3% +258.0%
10 years, per year +15.1%+11.2% +13.6%

Risk

MeasureDXCMEWSPY
Volatility, 1Y 40.8%24.8% 12.7%
Downside volatility, 1Y 40.3%24.5% 12.7%
Beta vs S&P 500, 1Y 0.640.58 1.00
Return / volatility, 1Y 0.290.77 1.02
Max drawdown, 5Y -66.3%-54.3% -25.4%
From 52-week high -14.9%-4.8% -1.8%
52-week high $92.34$95.17 $779.14
52-week low $54.84$75.87 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDXCMEW
P/E now vs peer median 30.0xmedian 30.6x 51.9xmedian 30.6x
P/S now vs peer median 6.0xmedian 3.0x 8.0xmedian 3.0x
EV/EBITDA now vs peer median 19.7xmedian 17.5x 30.1xmedian 17.5x
P/FCF now vs peer median 21.1xmedian 23.3x 36.4xmedian 23.3x
P/B now vs peer median 11.3xmedian 2.4x 4.9xmedian 2.4x
PEG now vs peer median 0.66median 0.87 -6.06median 0.87

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDXCMEW
Revenue $4.97B $6.51B
Gross profit $3.10B $5.07B
Operating income $1.14B $1.45B
Net income $999.70M $1.00B
Free cash flow $1.41B $1.43B
R&D $604.00M $1.09B
EPS (diluted) $2.56 $1.74
Cash & equivalents $1.11B $2.91B
Total debt – $598.70M
Shares (diluted) 390.10M 577.60M
Enterprise value $20.34B $36.34B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDXCMEW
P/E 30.0x 51.9x
P/FCF 21.1x 36.4x
P/Operating cash flow 17.0x 30.4x
P/S 6.0x 8.0x
P/B 11.3x 4.9x
P/Tangible book 11.8x 5.6x
EV/EBITDA 19.7x 30.1x
EV/EBIT 24.3x 33.5x
EV/Revenue 5.6x 7.5x
EV/FCF 19.7x 33.9x
EV/Operating cash flow 15.8x 28.2x
PEG (3Y EPS CAGR) 0.66 -6.06

Growth

14 metrics
MetricDXCMEW
Revenue growth (1Y) 15.5% 14.6%
Revenue CAGR (3Y) 15.8% 15.3%
Gross profit growth (1Y) 22.8% 13.0%
Gross profit CAGR (3Y) 14.9% 11.9%
Operating income growth (1Y) 65.8% -1.4%
Operating income CAGR (3Y) 36.5% 5.0%
Net income growth (1Y) 74.9% -75.8%
Net income CAGR (3Y) 40.9% -10.2%
EPS growth (1Y) 83.0% -75.3%
EPS CAGR (3Y) 45.7% -8.6%
Operating cash flow growth (1Y) 77.0% 116.4%
Operating cash flow CAGR (3Y) 31.4% 22.3%
Free cash flow growth (1Y) 146.1% 143.9%
Free cash flow CAGR (3Y) 44.5% 26.9%

Profitability

14 metrics
MetricDXCMEW
Gross margin 62.5% 77.8%
EBITDA margin 28.2% 24.8%
Operating margin 22.9% 22.3%
Pretax margin 25.8% 21.8%
Net margin 20.1% 15.4%
FCF margin 28.3% 22.0%
Operating cash flow margin 35.2% 26.4%
Return on equity 35.8% 9.5%
Return on assets 15.3% 7.4%
Return on invested capital – 9.0%
Return on capital employed 27.2% 12.0%
Asset turnover 0.8x 0.5x
Cash conversion (OCF / net income) 1.7x 1.7x
Stock comp / revenue 3.3% 2.6%

Financial Health

11 metrics
MetricDXCMEW
Debt / assets – 4.3%
Debt / equity – 0.1x
Net debt / EBITDA – -2.3x
Debt / FCF – 0.4x
Liabilities / assets 59.4% 22.7%
Equity / assets 40.6% 77.3%
Interest coverage – –
Current ratio 1.7x 4.5x
Quick ratio 1.4x 3.5x
Cash ratio 0.8x 2.8x
Altman Z-score 6.94 12.75

Shareholder Returns

7 metrics
MetricDXCMEW
Dividend yield – –
Net buyback yield 1.6% 1.9%
Shareholder yield 1.6% 1.9%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDXCMEW
Forward P/E 27.8xFY2026 32.0xFY2026
EPS, next fiscal year $2.83FY2026 $2.83FY2026
EPS growth, next FY +35.4%FY2026 +10.5%FY2026
EPS growth, the year after +4.9% +12.7%
Revenue, next fiscal year $5.08BFY2026 $7.24BFY2026
Revenue growth, next FY +9.0%FY2026 +19.2%FY2026
Revenue growth, the year after +16.6% -2.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDXCMEW
Held by institutions 100.0% 90.6%
Institutions holding 974 1,323
Change in shares held, QoQ +6.3% +20.4%
Institutions buying 519 641
Institutions selling 344 453
Buyers to sellers 1.51 1.42

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DXCMEW
DXCM 1.00 0.34
EW 0.34 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DXCM and EW?

Edwards Lifesciences (EW) is the largest by market capitalisation: Dexcom (DXCM) $30.02B, Edwards Lifesciences (EW) $52.33B.

Which stock is cheaper, DXCM and EW?

Dexcom (DXCM) trades on the lowest price-to-earnings ratio (Dexcom (DXCM) 30.0x, Edwards Lifesciences (EW) 52.1x). On next year's consensus earnings, Dexcom (DXCM) is cheapest (Dexcom (DXCM) 27.8x, Edwards Lifesciences (EW) 32.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Dexcom (DXCM) grew revenue fastest over the trailing twelve months: Dexcom (DXCM) +15.5%, Edwards Lifesciences (EW) +14.6%.

Which company is more profitable?

Dexcom (DXCM) has the highest net margin (Dexcom (DXCM) 20.1%, Edwards Lifesciences (EW) 15.4%).

Which stock has performed better?

Over the past year Edwards Lifesciences (EW) returned the most: Dexcom (DXCM) +11.7%, Edwards Lifesciences (EW) +19.0%. Over five years, Edwards Lifesciences (EW) compounded fastest (Dexcom (DXCM) -10.9%/yr, Edwards Lifesciences (EW) -4.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Edwards Lifesciences (EW) has been the steadiest (Dexcom (DXCM) 40.8%, Edwards Lifesciences (EW) 24.8%). Volatility measures how widely the price swings, not the risk of the business.

Do DXCM and EW move together?

Their daily returns over the past year have a correlation of 0.34, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, DXCM and EW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Dexcom (DXCM) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.