DXCM vs SYK Stock Comparison

Dexcom and Stryker Prices as of Oct 26, 2026 Peers: Industry group
DXCM Dexcom Inc
$78.57 -9.3% 1M +11.7% 1Y
Market cap
$30.39B
P/E
30.4x
Revenue (TTM)
$4.97B
Div. yield
–
Medical Devices Healthcare
5 wins
SYK Stryker Corp
$306.33 +12.4% 1M -19.8% 1Y
Market cap
$114.93B
P/E
30.8x
Revenue (TTM)
$25.84B
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, Stryker 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDXCMSYKLeader
Larger companyMarket capitalisation $30.39B $114.93B SYK
Cheaper on earningsLower P/E, profitable companies only 30.4x 30.8x DXCM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.8x 19.3x SYK
Faster revenue growthRevenue growth, trailing twelve months +15.5% +8.5% DXCM
More profitableNet margin, trailing twelve months 20.1% 14.4% DXCM
Better return on capitalReturn on invested capital — 10.5% –
Less leveragedLower net debt / EBITDA — 1.7x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +11.7% -19.8% DXCM
Better 5-year returnAnnualised price return, 5 years -10.9%/yr +2.7%/yr SYK
Less volatileAnnualised volatility, 1 year 40.8% 30.6% SYK
Higher overall scoreMean of the five percentile scores vs peers 78/100 69/100 DXCM

Percentile Scorecard

DXCMSYK

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

AxisDXCMSYK
Valuation 71 #66 of 228 67 #76 of 228
Growth 97 #8 of 221 66 #77 of 221
Profitability 100 #1 of 208 89 #23 of 208
Financial Health 34 #158 of 239 48 #124 of 239
Shareholder Returns 87 #19 of 137 77 #33 of 137
Overall 78 69
  • DXCM ranked among 248 companies in Medical Devices and Diagnostics
  • SYK 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

PeriodDXCMSYKSPY
1 month -9.3%+12.4% -0.8%
3 months +7.1%-9.0% +3.5%
6 months +27.9%-6.9% +7.0%
Year to date +18.4%-12.8% +12.2%
1 year +11.7%-19.8% +13.0%
3 years -12.0%+17.0% +86.3%
3 years, per year -4.2%+5.4% +23.1%
5 years -43.7%+14.1% +68.6%
5 years, per year -10.9%+2.7% +11.0%
10 years +306.9%+178.8% +258.0%
10 years, per year +15.1%+10.8% +13.6%

Risk

MeasureDXCMSYKSPY
Volatility, 1Y 40.8%30.6% 12.7%
Downside volatility, 1Y 40.3%31.8% 12.7%
Beta vs S&P 500, 1Y 0.640.12 1.00
Return / volatility, 1Y 0.29-0.65 1.02
Max drawdown, 5Y -66.3%-33.1% -25.4%
From 52-week high -14.9%-20.9% -1.8%
52-week high $92.34$387.46 $779.14
52-week low $54.84$269.88 $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.

MultipleDXCMSYK
P/E now vs peer median 30.0xmedian 30.6x 31.5xmedian 30.6x
P/S now vs peer median 6.0xmedian 3.0x 4.5xmedian 3.0x
EV/EBITDA now vs peer median 19.7xmedian 17.5x 19.1xmedian 17.5x
P/FCF now vs peer median 21.1xmedian 23.3x 25.0xmedian 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 2.85median 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 monthsDXCMSYK
Revenue $4.97B $25.84B
Gross profit $3.10B $16.79B
Operating income $1.14B $5.53B
Net income $999.70M $3.73B
Free cash flow $1.41B $4.70B
R&D $604.00M $1.66B
EPS (diluted) $2.56 $9.66
Cash & equivalents $1.11B $3.39B
Total debt – $14.94B
Shares (diluted) 390.10M 386.00M
Enterprise value $20.71B $101.05B

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
MetricDXCMSYK
P/E 30.0x 31.5x
P/FCF 21.1x 25.0x
P/Operating cash flow 17.0x 21.3x
P/S 6.0x 4.5x
P/B 11.3x 4.9x
P/Tangible book 11.8x 6.4x
EV/EBITDA 19.7x 19.1x
EV/EBIT 24.3x 23.3x
EV/Revenue 5.6x 5.0x
EV/FCF 19.7x 27.4x
EV/Operating cash flow 15.8x 23.3x
PEG (3Y EPS CAGR) 0.66 2.85

Growth

14 metrics
MetricDXCMSYK
Revenue growth (1Y) 15.5% 8.5%
Revenue CAGR (3Y) 15.8% 9.9%
Gross profit growth (1Y) 22.8% 9.9%
Gross profit CAGR (3Y) 14.9% 11.2%
Operating income growth (1Y) 65.8% 53.0%
Operating income CAGR (3Y) 36.5% 18.5%
Net income growth (1Y) 74.9% 27.8%
Net income CAGR (3Y) 40.9% 11.2%
EPS growth (1Y) 83.0% 27.9%
EPS CAGR (3Y) 45.7% 11.0%
Operating cash flow growth (1Y) 77.0% 15.9%
Operating cash flow CAGR (3Y) 31.4% 22.2%
Free cash flow growth (1Y) 146.1% 16.8%
Free cash flow CAGR (3Y) 44.5% 24.8%

Profitability

14 metrics
MetricDXCMSYK
Gross margin 62.5% 65.0%
EBITDA margin 28.2% 26.1%
Operating margin 22.9% 21.4%
Pretax margin 25.8% 19.9%
Net margin 20.1% 14.4%
FCF margin 28.3% 18.2%
Operating cash flow margin 35.2% 21.4%
Return on equity 35.8% -3.9%
Return on assets 15.3% -1.9%
Return on invested capital – 10.5%
Return on capital employed 27.2% 13.7%
Asset turnover 0.8x 0.5x
Cash conversion (OCF / net income) 1.7x 1.5x
Stock comp / revenue 3.3% 1.0%

Financial Health

11 metrics
MetricDXCMSYK
Debt / assets – 31.2%
Debt / equity – 0.6x
Net debt / EBITDA – 1.7x
Debt / FCF – 3.2x
Liabilities / assets 59.4% 50.0%
Equity / assets 40.6% 50.0%
Interest coverage – 9.5x
Current ratio 1.7x 2.2x
Quick ratio 1.4x 1.1x
Cash ratio 0.8x 0.5x
Altman Z-score 6.94 4.70

Shareholder Returns

7 metrics
MetricDXCMSYK
Dividend yield – 1.1%
Net buyback yield 1.6% –
Shareholder yield 1.6% 1.1%
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.

ConsensusDXCMSYK
Forward P/E 27.8xFY2026 19.3xFY2026
EPS, next fiscal year $2.83FY2026 $15.91FY2026
EPS growth, next FY +35.4%FY2026 +16.7%FY2026
EPS growth, the year after +4.9% +2.5%
Revenue, next fiscal year $5.08BFY2026 $26.14BFY2026
Revenue growth, next FY +9.0%FY2026 +4.1%FY2026
Revenue growth, the year after +16.6% +18.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDXCMSYK
Held by institutions 100.0% 80.3%
Institutions holding 974 2,263
Change in shares held, QoQ +6.3% +3.2%
Institutions buying 519 1,102
Institutions selling 344 851
Buyers to sellers 1.51 1.29

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.

DXCMSYK
DXCM 1.00 0.33
SYK 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DXCM and SYK?

Stryker (SYK) is the largest by market capitalisation: Dexcom (DXCM) $30.39B, Stryker (SYK) $114.93B.

Which stock is cheaper, DXCM and SYK?

Dexcom (DXCM) trades on the lowest price-to-earnings ratio (Dexcom (DXCM) 30.4x, Stryker (SYK) 30.8x). On next year's consensus earnings, Stryker (SYK) is cheapest (Dexcom (DXCM) 27.8x, Stryker (SYK) 19.3x). 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%, Stryker (SYK) +8.5%.

Which company is more profitable?

Dexcom (DXCM) has the highest net margin (Dexcom (DXCM) 20.1%, Stryker (SYK) 14.4%).

Which stock has performed better?

Over the past year Dexcom (DXCM) returned the most: Dexcom (DXCM) +11.7%, Stryker (SYK) -19.8%. Over five years, Stryker (SYK) compounded fastest (Dexcom (DXCM) -10.9%/yr, Stryker (SYK) +2.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Stryker (SYK) has been the steadiest (Dexcom (DXCM) 40.8%, Stryker (SYK) 30.6%). Volatility measures how widely the price swings, not the risk of the business.

Do DXCM and SYK move together?

Their daily returns over the past year have a correlation of 0.33, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, DXCM and SYK?

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.