RMD vs SYK vs DXCM Stock Comparison

Resmed, Stryker and Dexcom Prices as of Nov 4, 2026 Peers: Industry group
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RMD Resmed Inc
$240.48 +7.9% 1M -2.4% 1Y
Market cap
$33.82B
P/E
21.6x
Revenue (TTM)
$5.73B
Div. yield
1.02%
Medical Devices Healthcare
7 wins
SYK Stryker Corp
$339.77 +19.1% 1M -6.3% 1Y
Market cap
$129.35B
P/E
36.0x
Revenue (TTM)
$26.30B
Div. yield
1.04%
Medical Devices Healthcare
3 wins
DXCM Dexcom Inc
$88.48 +1.8% 1M +44.6% 1Y
Market cap
$33.00B
P/E
33.5x
Revenue (TTM)
$5.10B
Div. yield
–
Medical Devices Healthcare
2 wins

Head to Head

12 decided of 12

Resmed leads on 7 of the 12 questions below (Resmed 7, Stryker 3, Dexcom 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRMDSYKDXCMLeader
Larger companyMarket capitalisation $33.82B $129.35B $33.00B SYK
Cheaper on earningsLower P/E, profitable companies only 21.6x 36.0x 33.5x RMD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 18.7x 21.4x 31.3x RMD
Faster revenue growthRevenue growth, trailing twelve months +9.0% +7.9% +13.0% DXCM
More profitableNet margin, trailing twelve months 27.8% 13.8% 19.4% RMD
Better return on capitalReturn on invested capital 22.0% 10.0% — RMD
Less leveragedLower net debt / EBITDA -0.3x 1.8x — RMD
Higher dividend yieldTrailing dividend yield 1.02% 1.04% — SYK
Better 1-year returnPrice return, last 12 months -2.4% -6.3% +44.6% DXCM
Better 5-year returnAnnualised price return, 5 years -1.6%/yr +4.2%/yr -11.1%/yr SYK
Less volatileAnnualised volatility, 1 year 31.1% 32.9% 38.0% RMD
Higher overall scoreMean of the five percentile scores vs peers 80/100 68/100 74/100 RMD

Percentile Scorecard

RMDSYKDXCM

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

AxisRMDSYKDXCM
Valuation 74 #60 of 229 66 #78 of 229 67 #77 of 229
Growth 58 #94 of 221 62 #85 of 221 83 #39 of 221
Profitability 100 #2 of 209 89 #23 of 209 99 #3 of 209
Financial Health 77 #55 of 240 49 #124 of 240 35 #157 of 240
Shareholder Returns 89 #17 of 146 75 #37 of 146 88 #19 of 146
Overall 80 68 74
  • RMD ranked among 248 companies in Medical Devices and Diagnostics
  • SYK ranked among 248 companies in Medical Devices and Diagnostics
  • DXCM 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

PeriodRMDSYKDXCMSPY
1 month +7.9%+19.1%+1.8% -1.0%
3 months +7.3%+0.8%+7.0% -0.4%
6 months +14.7%+16.2%+46.6% +4.5%
Year to date -0.2%-3.3%+33.3% +12.4%
1 year -2.4%-6.3%+44.6% +13.6%
3 years +57.4%+23.0%-9.2% +76.4%
3 years, per year +16.3%+7.2%-3.2% +20.8%
5 years -7.7%+23.0%-44.3% +63.7%
5 years, per year -1.6%+4.2%-11.1% +10.4%
10 years +318.8%+190.0%+471.6% +267.7%
10 years, per year +15.4%+11.2%+19.0% +13.9%

Risk

MeasureRMDSYKDXCMSPY
Volatility, 1Y 31.1%32.9%38.0% 12.8%
Downside volatility, 1Y 33.9%32.9%33.6% 12.7%
Beta vs S&P 500, 1Y 0.530.270.67 1.00
Return / volatility, 1Y -0.08-0.191.17 1.06
Max drawdown, 5Y -49.8%-33.1%-66.3% -25.4%
From 52-week high -12.9%-12.3%-4.2% -1.6%
52-week high $275.96$387.46$92.34 $779.14
52-week low $182.82$269.88$54.84 $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.

MultipleRMDSYKDXCM
P/E now vs peer median 21.6xmedian 28.5x 36.0xmedian 28.5x 33.5xmedian 28.5x
P/S now vs peer median 5.9xmedian 2.9x 4.9xmedian 2.9x 6.5xmedian 2.9x
EV/EBITDA now vs peer median 15.9xmedian 18.5x 21.2xmedian 18.5x 20.8xmedian 18.5x
P/FCF now vs peer median 21.0xmedian 26.7x 28.3xmedian 26.7x 30.0xmedian 26.7x
P/B now vs peer median 5.7xmedian 2.3x 5.5xmedian 2.3x 13.0xmedian 2.3x
PEG now vs peer median 0.99median 0.93 3.07median 0.93 0.78median 0.93

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 monthsRMDSYKDXCM
Revenue $5.73B $26.30B $5.10B
Gross profit $3.50B $17.18B $3.24B
Operating income $1.89B $5.43B $1.22B
Net income $1.59B $3.62B $991.00M
Free cash flow $1.61B $4.57B $1.10B
R&D $393.82M $1.68B $608.10M
EPS (diluted) $11.11 $9.39 $2.58
Cash & equivalents $1.01B $3.27B $961.40M
Total debt $409.60M $14.93B –
Shares (diluted) 143.41M 386.00M 383.50M
Enterprise value $28.26B $115.54B $24.82B

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
MetricRMDSYKDXCM
P/E 21.6x 36.0x 33.5x
P/FCF 21.0x 28.3x 30.0x
P/Operating cash flow 19.1x 23.8x 23.3x
P/S 5.9x 4.9x 6.5x
P/B 5.7x 5.5x 13.0x
P/Tangible book 6.1x 7.2x 13.5x
EV/EBITDA 15.9x 21.2x 20.8x
EV/EBIT 17.5x 26.0x 25.5x
EV/Revenue 5.8x 5.4x 6.1x
EV/FCF 20.6x 30.8x 28.4x
EV/Operating cash flow 18.8x 25.9x 22.0x
PEG (3Y EPS CAGR) 0.99 3.07 0.78

Growth

14 metrics
MetricRMDSYKDXCM
Revenue growth (1Y) 9.0% 7.9% 13.0%
Revenue CAGR (3Y) 9.4% 9.8% 14.5%
Gross profit growth (1Y) 11.0% 10.1% 21.5%
Gross profit CAGR (3Y) 13.2% 10.9% 14.2%
Operating income growth (1Y) 8.5% 48.2% 57.4%
Operating income CAGR (3Y) 18.2% 16.4% 34.2%
Net income growth (1Y) 10.8% 23.1% 37.5%
Net income CAGR (3Y) 20.7% 11.9% 38.0%
EPS growth (1Y) 13.5% 23.3% 46.1%
EPS CAGR (3Y) 21.8% 11.7% 43.0%
Operating cash flow growth (1Y) -6.0% 12.7% -2.3%
Operating cash flow CAGR (3Y) 23.7% 19.6% 23.7%
Free cash flow growth (1Y) -9.0% 12.3% 3.4%
Free cash flow CAGR (3Y) 25.5% 21.2% 30.0%

Profitability

14 metrics
MetricRMDSYKDXCM
Gross margin 61.1% 65.3% 63.4%
EBITDA margin 36.4% 25.2% 29.4%
Operating margin 33.0% 20.7% 24.0%
Pretax margin 35.1% 19.5% 24.7%
Net margin 27.8% 13.8% 19.4%
FCF margin 28.1% 17.4% 21.5%
Operating cash flow margin 30.9% 20.7% 27.7%
Return on equity 25.4% -4.0% 38.4%
Return on assets 18.5% -2.0% 15.6%
Return on invested capital 22.0% 10.0% –
Return on capital employed 26.1% 13.2% 29.9%
Asset turnover 0.7x 0.6x 0.8x
Cash conversion (OCF / net income) 1.1x 1.5x 1.4x
Stock comp / revenue 2.0% 1.0% 3.0%

Financial Health

11 metrics
MetricRMDSYKDXCM
Debt / assets 5.0% 31.6% –
Debt / equity 0.1x 0.6x –
Net debt / EBITDA -0.3x 1.8x –
Debt / FCF 0.3x 3.3x –
Liabilities / assets 27.6% 50.4% 59.4%
Equity / assets 72.4% 49.6% 40.6%
Interest coverage 81.1x 9.3x –
Current ratio 2.6x 2.2x 1.7x
Quick ratio 1.5x 1.1x 1.3x
Cash ratio 0.8x 0.5x 0.8x
Altman Z-score 12.03 5.02 7.84

Shareholder Returns

7 metrics
MetricRMDSYKDXCM
Dividend yield 1.0% 1.0% –
Net buyback yield 4.2% – 2.1%
Shareholder yield 5.2% 1.0% 2.1%
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.

ConsensusRMDSYKDXCM
Forward P/E 18.7xFY2027 21.4xFY2026 31.3xFY2026
EPS, next fiscal year $12.86FY2027 $15.91FY2026 $2.83FY2026
EPS growth, next FY +15.1%FY2027 +16.7%FY2026 +35.4%FY2026
EPS growth, the year after +9.8% +2.5% +4.9%
Revenue, next fiscal year $5.97BFY2027 $26.14BFY2026 $5.08BFY2026
Revenue growth, next FY +5.6%FY2027 +4.1%FY2026 +9.0%FY2026
Revenue growth, the year after -3.4% +18.2% +16.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRMDSYKDXCM
Held by institutions 68.7% 80.3% 100.0%
Institutions holding 889 2,267 977
Change in shares held, QoQ +3.2% +3.2% +6.3%
Institutions buying 405 1,105 522
Institutions selling 359 852 344
Buyers to sellers 1.13 1.30 1.52

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.

RMDSYKDXCM
RMD 1.00 0.55 0.32
SYK 0.55 1.00 0.32
DXCM 0.32 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, RMD, SYK and DXCM?

Stryker (SYK) is the largest by market capitalisation: Resmed (RMD) $33.82B, Stryker (SYK) $129.35B, Dexcom (DXCM) $33.00B.

Which stock is cheaper, RMD, SYK and DXCM?

Resmed (RMD) trades on the lowest price-to-earnings ratio (Resmed (RMD) 21.6x, Stryker (SYK) 36.0x, Dexcom (DXCM) 33.5x). On next year's consensus earnings, Resmed (RMD) is cheapest (Resmed (RMD) 18.7x, Stryker (SYK) 21.4x, Dexcom (DXCM) 31.3x). 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: Resmed (RMD) +9.0%, Stryker (SYK) +7.9%, Dexcom (DXCM) +13.0%.

Which company is more profitable?

Resmed (RMD) has the highest net margin (Resmed (RMD) 27.8%, Stryker (SYK) 13.8%, Dexcom (DXCM) 19.4%). On return on invested capital, Resmed (RMD) leads (Resmed (RMD) 22.0%, Stryker (SYK) 10.0%).

Which stock has performed better?

Over the past year Dexcom (DXCM) returned the most: Resmed (RMD) -2.4%, Stryker (SYK) -6.3%, Dexcom (DXCM) +44.6%. Over five years, Stryker (SYK) compounded fastest (Resmed (RMD) -1.6%/yr, Stryker (SYK) +4.2%/yr, Dexcom (DXCM) -11.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Stryker (SYK) has the highest dividend yield: Resmed (RMD) 1.02%, Stryker (SYK) 1.04%. Dexcom (DXCM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Resmed (RMD) has been the steadiest (Resmed (RMD) 31.1%, Stryker (SYK) 32.9%, Dexcom (DXCM) 38.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RMD, SYK and DXCM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Resmed (RMD) leads on 7. 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.