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Side-by-side financial comparison of Dexcom (DXCM) and NOV Inc. (NOV). Click either name above to swap in a different company.

NOV Inc. is the larger business by last-quarter revenue ($2.1B vs $1.3B, roughly 1.6× Dexcom). Dexcom runs the higher net margin — 21.2% vs 1.0%, a 20.2% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs -9.9%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% CAGR vs -3.8%).

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.

NOV Inc., formerly National Oilwell Varco, is an American multinational corporation based in Houston, Texas. It is a worldwide provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. The company conducts operations in more than 500 locations across six continents, operating through two reporting segments: Energy Equipment and Energy Products and Services.

DXCM vs NOV — Head-to-Head

Bigger by revenue
NOV
NOV
1.6× larger
NOV
$2.1B
$1.3B
DXCM
Growing faster (revenue YoY)
DXCM
DXCM
+31.5% gap
DXCM
21.6%
-9.9%
NOV
Higher net margin
DXCM
DXCM
20.2% more per $
DXCM
21.2%
1.0%
NOV
Faster 2-yr revenue CAGR
DXCM
DXCM
Annualised
DXCM
12.0%
-3.8%
NOV

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DXCM
DXCM
NOV
NOV
Revenue
$1.3B
$2.1B
Net Profit
$267.3M
$20.0M
Gross Margin
62.9%
18.5%
Operating Margin
25.6%
2.3%
Net Margin
21.2%
1.0%
Revenue YoY
21.6%
-9.9%
Net Profit YoY
153.6%
-73.0%
EPS (diluted)
$0.67
$0.05

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.

Revenue
DXCM
DXCM
NOV
NOV
Q1 26
$1.3B
$2.1B
Q4 25
$1.3B
$2.3B
Q3 25
$1.2B
$2.2B
Q2 25
$1.2B
$2.2B
Q1 25
$1.0B
$2.1B
Q4 24
$1.1B
$2.3B
Q3 24
$994.2M
$2.2B
Q2 24
$1.0B
$2.2B
Net Profit
DXCM
DXCM
NOV
NOV
Q1 26
$267.3M
$20.0M
Q4 25
$267.3M
$-78.0M
Q3 25
$283.8M
$42.0M
Q2 25
$179.8M
$108.0M
Q1 25
$105.4M
$73.0M
Q4 24
$151.7M
$160.0M
Q3 24
$134.6M
$130.0M
Q2 24
$143.5M
$226.0M
Gross Margin
DXCM
DXCM
NOV
NOV
Q1 26
62.9%
18.5%
Q4 25
62.9%
20.3%
Q3 25
60.5%
18.9%
Q2 25
59.5%
20.4%
Q1 25
56.9%
21.3%
Q4 24
58.9%
21.4%
Q3 24
59.7%
21.4%
Q2 24
62.4%
26.6%
Operating Margin
DXCM
DXCM
NOV
NOV
Q1 26
25.6%
2.3%
Q4 25
25.6%
4.0%
Q3 25
20.1%
4.9%
Q2 25
18.4%
6.5%
Q1 25
12.9%
7.2%
Q4 24
17.0%
9.0%
Q3 24
15.3%
8.9%
Q2 24
15.7%
14.1%
Net Margin
DXCM
DXCM
NOV
NOV
Q1 26
21.2%
1.0%
Q4 25
21.2%
-3.4%
Q3 25
23.5%
1.9%
Q2 25
15.5%
4.9%
Q1 25
10.2%
3.5%
Q4 24
13.6%
6.9%
Q3 24
13.5%
5.9%
Q2 24
14.3%
10.2%
EPS (diluted)
DXCM
DXCM
NOV
NOV
Q1 26
$0.67
$0.05
Q4 25
$0.67
$-0.20
Q3 25
$0.70
$0.11
Q2 25
$0.45
$0.29
Q1 25
$0.27
$0.19
Q4 24
$0.37
$0.40
Q3 24
$0.34
$0.33
Q2 24
$0.35
$0.57

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DXCM
DXCM
NOV
NOV
Cash + ST InvestmentsLiquidity on hand
$917.7M
$1.3B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$2.7B
Total Assets
$6.3B
$11.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DXCM
DXCM
NOV
NOV
Q1 26
$917.7M
$1.3B
Q4 25
$917.7M
$1.6B
Q3 25
$1.8B
$1.2B
Q2 25
$1.2B
$1.1B
Q1 25
$904.9M
$1.2B
Q4 24
$606.1M
$1.2B
Q3 24
$621.2M
$985.0M
Q2 24
$939.2M
$827.0M
Total Debt
DXCM
DXCM
NOV
NOV
Q1 26
$1.7B
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Stockholders' Equity
DXCM
DXCM
NOV
NOV
Q1 26
$2.7B
Q4 25
$2.7B
$6.3B
Q3 25
$2.7B
$6.5B
Q2 25
$2.6B
$6.5B
Q1 25
$2.3B
$6.4B
Q4 24
$2.1B
$6.4B
Q3 24
$2.0B
$6.5B
Q2 24
$2.4B
$6.4B
Total Assets
DXCM
DXCM
NOV
NOV
Q1 26
$6.3B
$11.1B
Q4 25
$6.3B
$11.3B
Q3 25
$7.5B
$11.3B
Q2 25
$7.3B
$11.4B
Q1 25
$6.8B
$11.3B
Q4 24
$6.5B
$11.4B
Q3 24
$6.4B
$11.4B
Q2 24
$6.8B
$11.3B
Debt / Equity
DXCM
DXCM
NOV
NOV
Q1 26
Q4 25
0.27×
Q3 25
0.27×
Q2 25
0.27×
Q1 25
0.27×
Q4 24
0.27×
Q3 24
0.27×
Q2 24
0.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DXCM
DXCM
NOV
NOV
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$51.0M
FCF MarginFCF / Revenue
2.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$876.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DXCM
DXCM
NOV
NOV
Q1 26
Q4 25
$294.0M
$573.0M
Q3 25
$659.9M
$352.0M
Q2 25
$303.0M
$191.0M
Q1 25
$183.8M
$135.0M
Q4 24
$301.4M
$591.0M
Q3 24
$199.5M
$359.0M
Q2 24
$279.4M
$432.0M
Free Cash Flow
DXCM
DXCM
NOV
NOV
Q1 26
$51.0M
Q4 25
$192.1M
$472.0M
Q3 25
$579.4M
$245.0M
Q2 25
$208.9M
$108.0M
Q1 25
$96.8M
$51.0M
Q4 24
$176.8M
$473.0M
Q3 24
$88.3M
$277.0M
Q2 24
$213.3M
$350.0M
FCF Margin
DXCM
DXCM
NOV
NOV
Q1 26
2.5%
Q4 25
15.3%
20.7%
Q3 25
47.9%
11.3%
Q2 25
18.1%
4.9%
Q1 25
9.3%
2.4%
Q4 24
15.9%
20.5%
Q3 24
8.9%
12.6%
Q2 24
21.2%
15.8%
Capex Intensity
DXCM
DXCM
NOV
NOV
Q1 26
Q4 25
8.1%
4.4%
Q3 25
6.7%
4.9%
Q2 25
8.1%
3.8%
Q1 25
8.4%
4.0%
Q4 24
11.2%
5.1%
Q3 24
11.2%
3.7%
Q2 24
6.6%
3.7%
Cash Conversion
DXCM
DXCM
NOV
NOV
Q1 26
Q4 25
1.10×
Q3 25
2.33×
8.38×
Q2 25
1.69×
1.77×
Q1 25
1.74×
1.85×
Q4 24
1.99×
3.69×
Q3 24
1.48×
2.76×
Q2 24
1.95×
1.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DXCM
DXCM

Segment breakdown not available.

NOV
NOV

Energy Equipment$1.2B58%
Energy Products and Services$897.0M44%

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