Dexcom (DXCM) Invested Capital (2009 - 2026)
Dexcom's Invested Capital was $2.75 billion in Q4 2025, down 17.0% from $3.31 billion a year earlier and down 30.2% from the prior quarter.
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Analysis
Dexcom (DXCM) Invested Capital (2009 - 2026) Analysis & Trends
From Q4 2010 onward, Dexcom has reported Invested Capital for 35 quarters.
- Invested Capital shows a four-year compound annual growth rate of 7.7% (FY2021 to FY2025).
- In earlier years, Invested Capital was $3.31 billion in FY2024 (+59.9%), $2.07 billion in FY2023 (-28.8%), $2.9 billion in FY2022 (+42.2%) and $2.04 billion in FY2021.
- The Q4 2025 figure marks the lowest quarterly Invested Capital since Q4 2023.
- Per Business Quant data, DXCM's Invested Capital in the three quarters before Q4 2025 was $3.93 billion (Q3 2025), $3.78 billion (Q2 2025) and $3.47 billion (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 96.14 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 82.78 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 80.12 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | - |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 79.00 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 38.39 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 37.83 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 11.56 Bn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 31.97 Bn |
| 10 | Dexcom | 29.81 Bn | 21.63 Bn | 864.40 Mn | 2.93 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.93 Bn |
| Jun 30, 2026 | 3.01 Bn |
| Mar 31, 2026 | 3.63 Bn |
| Dec 31, 2025 | 3.35 Bn |
| Sep 30, 2025 | 3.39 Bn |
| Jun 30, 2025 | 3.25 Bn |
| Mar 31, 2025 | 3.47 Bn |
| Dec 31, 2024 | 2.60 Bn |
| Sep 30, 2024 | 2.42 Bn |
| Jun 30, 2024 | 2.89 Bn |
| Mar 31, 2024 | 2.54 Bn |
| Dec 31, 2023 | 2.43 Bn |
| Sep 30, 2023 | 2.66 Bn |
| Jun 30, 2023 | 2.48 Bn |
| Mar 31, 2023 | 2.48 Bn |
| Dec 31, 2022 | 2.30 Bn |
| Sep 30, 2022 | 1.96 Bn |
| Jun 30, 2022 | 2.45 Bn |
| Mar 31, 2022 | 2.21 Bn |
| Dec 31, 2021 | 2.27 Bn |
API Access
Dexcom Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=DXCM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "DXCM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=DXCM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();