Is DXCM or WAT cheaper?

On trailing earnings, DXCM is cheaper: DXCM trades at a 32.21 P/E and WAT at 45.18.

Which has grown faster, DXCM or WAT?

Over the past five years, DXCM grew revenue faster — DXCM at a 18.91% CAGR versus WAT at 8.48%.

Is DXCM or WAT more profitable?

DXCM runs the higher net margin — DXCM at 19.31% versus WAT at 11.91%.

Which has been the better investment, DXCM or WAT?

Over the past 10-year, DXCM delivered the higher annualized total return — DXCM at 15.40% versus WAT at 9.92%. Past performance doesn't predict future results.

DexCom, Inc. (DXCM) vs Waters Corporation (WAT)

DXCM leads on 12 of 16 compared metrics.

A side-by-side comparison of DexCom, Inc. and Waters Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 14, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — DXCM vs WAT

growth of $100 · last 21y

DXCM +2463.6%WAT +932.6%DXCM compounded faster

DXCM WAT

DXCM vs WAT: by the numbers

•DXCM is the larger company ($29.08B vs $23.17B market cap).
•DXCM trades at the lower earnings multiple (32.21 vs 45.18 P/E).
•DXCM converts more revenue to profit (19.31% vs 11.91% net margin).
•DXCM grew revenue faster over the past five years (18.91% vs 8.48% CAGR).

Which is better, DXCM or WAT?

Metric tally: DXCM 12 · WAT 4

It depends on what you're optimizing for:

ValueDXCM(lower P/E)

GrowthDXCM(faster 5Y revenue CAGR)

QualityWAT(higher ROIC)

Valuation

Metric	DXCM	WAT
P/E ratio	32.21●	45.18
Forward P/E	24.42	21.65●
P/S ratio	6.16●	7.74
P/B ratio	10.03	1.91●
PEG ratio	0.66●	75.62
EV / EBITDA	20.28●	37.11
FCF yield	4.82%●	0.90%

Profitability

Metric	DXCM	WAT
Gross margin	61.84%●	55.02%
Operating margin	21.45%●	17.08%
Net margin	19.31%●	11.91%
ROE	31.47%●	2.94%
ROIC	16.61%	17.57%●

Growth (annualized)

Metric	DXCM	WAT
Revenue CAGR (5Y)	18.91%●	8.48%
EPS CAGR (5Y)	10.31%●	5.16%
FCF CAGR (5Y)	43.37%●	-17.63%
Total return CAGR (5Y)	-5.51%	1.10%●

Frequently asked

Which is better, DXCM or WAT?: It depends on your goal. value: DXCM (lower P/E); growth: DXCM (faster 5Y revenue CAGR); quality: WAT (higher ROIC). Across all compared metrics, DXCM leads 12 to 4.
Is DXCM or WAT cheaper?: On trailing earnings, DXCM is cheaper: DXCM trades at a 32.21 P/E and WAT at 45.18.
Which has grown faster, DXCM or WAT?: Over the past five years, DXCM grew revenue faster — DXCM at a 18.91% CAGR versus WAT at 8.48%.
Is DXCM or WAT more profitable?: DXCM runs the higher net margin — DXCM at 19.31% versus WAT at 11.91%.
Which has been the better investment, DXCM or WAT?: Over the past 10-year, DXCM delivered the higher annualized total return — DXCM at 15.40% versus WAT at 9.92%. Past performance doesn't predict future results.

Go deeper

Full DXCM analysis Full WAT analysis Interactive comparison tool

Dig into the metrics

DexCom P/E ratio Waters P/E ratio DexCom dividend yield Waters dividend yield DexCom ROE Waters ROE DexCom operating margin Waters operating margin DexCom revenue growth Waters revenue growth DexCom free cash flow Waters free cash flow

DexCom & Waters appear in these rankings

Fastest Revenue Growth Stocks Highest ROE Stocks Highest FCF Yield Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 14, 2026.