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Side-by-side financial comparison of Dexcom (DXCM) and FORWARD AIR CORP (FWRD). Click either name above to swap in a different company.
Dexcom is the larger business by last-quarter revenue ($1.3B vs $631.2M, roughly 2.0× FORWARD AIR CORP). Dexcom runs the higher net margin — 21.2% vs -4.5%, a 25.7% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs -0.3%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% CAGR vs 7.9%).
Dexcom, Inc. is an American multinational healthcare company that develops, manufactures, produces and distributes a line of continuous glucose monitoring (CGM) systems for diabetes management. It operates internationally with global headquarters and R&D center in San Diego, California, U.S.A. and manufacturing facilities in Mesa, Arizona, U.S.A.; Batu Kawan, Malaysia and Athenry, County Galway, Ireland.
Forward Air Corp is a leading North American asset-light logistics and transportation provider. It offers core services including expedited less-than-truckload freight delivery, final-mile logistics, intermodal transport, warehousing, and supply chain solutions, serving key sectors such as e-commerce, retail, manufacturing, and automotive across the U.S., Canada, and Mexico.
DXCM vs FWRD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $631.2M |
| Net Profit | $267.3M | $-28.3M |
| Gross Margin | 62.9% | — |
| Operating Margin | 25.6% | -0.5% |
| Net Margin | 21.2% | -4.5% |
| Revenue YoY | 21.6% | -0.3% |
| Net Profit YoY | 153.6% | 22.2% |
| EPS (diluted) | $0.67 | $-0.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $631.2M | ||
| Q3 25 | $1.2B | $631.8M | ||
| Q2 25 | $1.2B | $618.8M | ||
| Q1 25 | $1.0B | $613.3M | ||
| Q4 24 | $1.1B | $632.8M | ||
| Q3 24 | $994.2M | $655.9M | ||
| Q2 24 | $1.0B | $643.7M |
| Q1 26 | $267.3M | — | ||
| Q4 25 | $267.3M | $-28.3M | ||
| Q3 25 | $283.8M | $-16.3M | ||
| Q2 25 | $179.8M | $-12.6M | ||
| Q1 25 | $105.4M | $-50.6M | ||
| Q4 24 | $151.7M | $-36.4M | ||
| Q3 24 | $134.6M | $-73.4M | ||
| Q2 24 | $143.5M | $-645.4M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 62.9% | — | ||
| Q3 25 | 60.5% | — | ||
| Q2 25 | 59.5% | — | ||
| Q1 25 | 56.9% | — | ||
| Q4 24 | 58.9% | — | ||
| Q3 24 | 59.7% | — | ||
| Q2 24 | 62.4% | — |
| Q1 26 | 25.6% | — | ||
| Q4 25 | 25.6% | -0.5% | ||
| Q3 25 | 20.1% | 2.4% | ||
| Q2 25 | 18.4% | 3.2% | ||
| Q1 25 | 12.9% | 0.8% | ||
| Q4 24 | 17.0% | 12.0% | ||
| Q3 24 | 15.3% | 3.5% | ||
| Q2 24 | 15.7% | -170.2% |
| Q1 26 | 21.2% | — | ||
| Q4 25 | 21.2% | -4.5% | ||
| Q3 25 | 23.5% | -2.6% | ||
| Q2 25 | 15.5% | -2.0% | ||
| Q1 25 | 10.2% | -8.3% | ||
| Q4 24 | 13.6% | -5.8% | ||
| Q3 24 | 13.5% | -11.2% | ||
| Q2 24 | 14.3% | -100.3% |
| Q1 26 | $0.67 | — | ||
| Q4 25 | $0.67 | $-0.90 | ||
| Q3 25 | $0.70 | $-0.52 | ||
| Q2 25 | $0.45 | $-0.41 | ||
| Q1 25 | $0.27 | $-1.68 | ||
| Q4 24 | $0.37 | $-1.69 | ||
| Q3 24 | $0.34 | $-2.66 | ||
| Q2 24 | $0.35 | $-23.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $917.7M | $106.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | $2.7B | $113.3M |
| Total Assets | $6.3B | $2.7B |
| Debt / EquityLower = less leverage | — | 14.89× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $917.7M | — | ||
| Q4 25 | $917.7M | $106.0M | ||
| Q3 25 | $1.8B | $140.4M | ||
| Q2 25 | $1.2B | $95.1M | ||
| Q1 25 | $904.9M | $116.3M | ||
| Q4 24 | $606.1M | $104.9M | ||
| Q3 24 | $621.2M | $136.6M | ||
| Q2 24 | $939.2M | $84.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $113.3M | ||
| Q3 25 | $2.7B | $139.8M | ||
| Q2 25 | $2.6B | $151.8M | ||
| Q1 25 | $2.3B | $154.6M | ||
| Q4 24 | $2.1B | $201.7M | ||
| Q3 24 | $2.0B | $226.1M | ||
| Q2 24 | $2.4B | $283.8M |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.3B | $2.7B | ||
| Q3 25 | $7.5B | $2.8B | ||
| Q2 25 | $7.3B | $2.8B | ||
| Q1 25 | $6.8B | $2.8B | ||
| Q4 24 | $6.5B | $2.8B | ||
| Q3 24 | $6.4B | $3.1B | ||
| Q2 24 | $6.8B | $3.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.89× | ||
| Q3 25 | — | 12.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DXCM
Segment breakdown not available.
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
