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

Dexcom is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.0× Public Storage). Public Storage runs the higher net margin — 41.7% vs 21.2%, a 20.5% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs 3.3%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% CAGR vs 2.5%).

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.

Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.

DXCM vs PSA — Head-to-Head

Bigger by revenue
DXCM
DXCM
1.0× larger
DXCM
$1.3B
$1.2B
PSA
Growing faster (revenue YoY)
DXCM
DXCM
+18.3% gap
DXCM
21.6%
3.3%
PSA
Higher net margin
PSA
PSA
20.5% more per $
PSA
41.7%
21.2%
DXCM
Faster 2-yr revenue CAGR
DXCM
DXCM
Annualised
DXCM
12.0%
2.5%
PSA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DXCM
DXCM
PSA
PSA
Revenue
$1.3B
$1.2B
Net Profit
$267.3M
$507.1M
Gross Margin
62.9%
Operating Margin
25.6%
40.7%
Net Margin
21.2%
41.7%
Revenue YoY
21.6%
3.3%
Net Profit YoY
153.6%
-17.5%
EPS (diluted)
$0.67
$2.59

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
PSA
PSA
Q1 26
$1.3B
Q4 25
$1.3B
$1.2B
Q3 25
$1.2B
$1.2B
Q2 25
$1.2B
$1.2B
Q1 25
$1.0B
$1.2B
Q4 24
$1.1B
$1.2B
Q3 24
$994.2M
$1.2B
Q2 24
$1.0B
$1.2B
Net Profit
DXCM
DXCM
PSA
PSA
Q1 26
$267.3M
Q4 25
$267.3M
$507.1M
Q3 25
$283.8M
$511.1M
Q2 25
$179.8M
$358.4M
Q1 25
$105.4M
$407.8M
Q4 24
$151.7M
$614.6M
Q3 24
$134.6M
$430.3M
Q2 24
$143.5M
$518.1M
Gross Margin
DXCM
DXCM
PSA
PSA
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%
Operating Margin
DXCM
DXCM
PSA
PSA
Q1 26
25.6%
Q4 25
25.6%
40.7%
Q3 25
20.1%
42.3%
Q2 25
18.4%
30.4%
Q1 25
12.9%
34.8%
Q4 24
17.0%
52.4%
Q3 24
15.3%
36.7%
Q2 24
15.7%
44.6%
Net Margin
DXCM
DXCM
PSA
PSA
Q1 26
21.2%
Q4 25
21.2%
41.7%
Q3 25
23.5%
41.8%
Q2 25
15.5%
29.8%
Q1 25
10.2%
34.5%
Q4 24
13.6%
52.2%
Q3 24
13.5%
36.2%
Q2 24
14.3%
44.2%
EPS (diluted)
DXCM
DXCM
PSA
PSA
Q1 26
$0.67
Q4 25
$0.67
$2.59
Q3 25
$0.70
$2.62
Q2 25
$0.45
$1.76
Q1 25
$0.27
$2.04
Q4 24
$0.37
$3.22
Q3 24
$0.34
$2.16
Q2 24
$0.35
$2.66

Balance Sheet & Financial Strength

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

Metric
DXCM
DXCM
PSA
PSA
Cash + ST InvestmentsLiquidity on hand
$917.7M
$318.1M
Total DebtLower is stronger
$10.3B
Stockholders' EquityBook value
$2.7B
$9.2B
Total Assets
$6.3B
$20.2B
Debt / EquityLower = less leverage
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DXCM
DXCM
PSA
PSA
Q1 26
$917.7M
Q4 25
$917.7M
$318.1M
Q3 25
$1.8B
$296.5M
Q2 25
$1.2B
$1.1B
Q1 25
$904.9M
$287.2M
Q4 24
$606.1M
$447.4M
Q3 24
$621.2M
$599.0M
Q2 24
$939.2M
$542.3M
Total Debt
DXCM
DXCM
PSA
PSA
Q1 26
Q4 25
$10.3B
Q3 25
$10.0B
Q2 25
$10.4B
Q1 25
$9.4B
Q4 24
$9.4B
Q3 24
$9.5B
Q2 24
$9.4B
Stockholders' Equity
DXCM
DXCM
PSA
PSA
Q1 26
$2.7B
Q4 25
$2.7B
$9.2B
Q3 25
$2.7B
$9.3B
Q2 25
$2.6B
$9.4B
Q1 25
$2.3B
$9.6B
Q4 24
$2.1B
$9.7B
Q3 24
$2.0B
$9.6B
Q2 24
$2.4B
$9.7B
Total Assets
DXCM
DXCM
PSA
PSA
Q1 26
$6.3B
Q4 25
$6.3B
$20.2B
Q3 25
$7.5B
$20.1B
Q2 25
$7.3B
$20.5B
Q1 25
$6.8B
$19.6B
Q4 24
$6.5B
$19.8B
Q3 24
$6.4B
$19.8B
Q2 24
$6.8B
$19.8B
Debt / Equity
DXCM
DXCM
PSA
PSA
Q1 26
Q4 25
1.11×
Q3 25
1.08×
Q2 25
1.11×
Q1 25
0.99×
Q4 24
0.96×
Q3 24
0.99×
Q2 24
0.97×

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
PSA
PSA
Operating Cash FlowLast quarter
$733.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.45×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DXCM
DXCM
PSA
PSA
Q1 26
Q4 25
$294.0M
$733.6M
Q3 25
$659.9M
$875.1M
Q2 25
$303.0M
$872.7M
Q1 25
$183.8M
$705.1M
Q4 24
$301.4M
$768.6M
Q3 24
$199.5M
$798.8M
Q2 24
$279.4M
$895.3M
Free Cash Flow
DXCM
DXCM
PSA
PSA
Q1 26
Q4 25
$192.1M
Q3 25
$579.4M
Q2 25
$208.9M
Q1 25
$96.8M
Q4 24
$176.8M
Q3 24
$88.3M
Q2 24
$213.3M
FCF Margin
DXCM
DXCM
PSA
PSA
Q1 26
Q4 25
15.3%
Q3 25
47.9%
Q2 25
18.1%
Q1 25
9.3%
Q4 24
15.9%
Q3 24
8.9%
Q2 24
21.2%
Capex Intensity
DXCM
DXCM
PSA
PSA
Q1 26
Q4 25
8.1%
Q3 25
6.7%
Q2 25
8.1%
Q1 25
8.4%
Q4 24
11.2%
Q3 24
11.2%
Q2 24
6.6%
Cash Conversion
DXCM
DXCM
PSA
PSA
Q1 26
Q4 25
1.10×
1.45×
Q3 25
2.33×
1.71×
Q2 25
1.69×
2.43×
Q1 25
1.74×
1.73×
Q4 24
1.99×
1.25×
Q3 24
1.48×
1.86×
Q2 24
1.95×
1.73×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DXCM
DXCM

Segment breakdown not available.

PSA
PSA

Self Storage Operations$1.1B93%
Ancillary Operations$86.9M7%

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