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Side-by-side financial comparison of Dexcom (DXCM) and Simon Property Group (SPG). Click either name above to swap in a different company.

Simon Property Group is the larger business by last-quarter revenue ($1.8B vs $1.3B, roughly 1.4× Dexcom). Simon Property Group runs the higher net margin — 197.6% vs 21.2%, a 176.4% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs 13.2%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% CAGR vs 11.4%).

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.

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

DXCM vs SPG — Head-to-Head

Bigger by revenue
SPG
SPG
1.4× larger
SPG
$1.8B
$1.3B
DXCM
Growing faster (revenue YoY)
DXCM
DXCM
+8.4% gap
DXCM
21.6%
13.2%
SPG
Higher net margin
SPG
SPG
176.4% more per $
SPG
197.6%
21.2%
DXCM
Faster 2-yr revenue CAGR
DXCM
DXCM
Annualised
DXCM
12.0%
11.4%
SPG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DXCM
DXCM
SPG
SPG
Revenue
$1.3B
$1.8B
Net Profit
$267.3M
$3.5B
Gross Margin
62.9%
Operating Margin
25.6%
49.7%
Net Margin
21.2%
197.6%
Revenue YoY
21.6%
13.2%
Net Profit YoY
153.6%
358.7%
EPS (diluted)
$0.67
$9.34

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
SPG
SPG
Q1 26
$1.3B
Q4 25
$1.3B
$1.8B
Q3 25
$1.2B
$1.6B
Q2 25
$1.2B
$1.5B
Q1 25
$1.0B
$1.5B
Q4 24
$1.1B
$1.6B
Q3 24
$994.2M
$1.5B
Q2 24
$1.0B
$1.5B
Net Profit
DXCM
DXCM
SPG
SPG
Q1 26
$267.3M
Q4 25
$267.3M
$3.5B
Q3 25
$283.8M
$702.7M
Q2 25
$179.8M
$643.7M
Q1 25
$105.4M
$477.9M
Q4 24
$151.7M
$771.8M
Q3 24
$134.6M
$546.7M
Q2 24
$143.5M
$569.4M
Gross Margin
DXCM
DXCM
SPG
SPG
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
SPG
SPG
Q1 26
25.6%
Q4 25
25.6%
49.7%
Q3 25
20.1%
50.8%
Q2 25
18.4%
49.7%
Q1 25
12.9%
49.4%
Q4 24
17.0%
52.8%
Q3 24
15.3%
51.9%
Q2 24
15.7%
51.7%
Net Margin
DXCM
DXCM
SPG
SPG
Q1 26
21.2%
Q4 25
21.2%
197.6%
Q3 25
23.5%
43.9%
Q2 25
15.5%
43.0%
Q1 25
10.2%
32.4%
Q4 24
13.6%
48.8%
Q3 24
13.5%
36.9%
Q2 24
14.3%
39.0%
EPS (diluted)
DXCM
DXCM
SPG
SPG
Q1 26
$0.67
Q4 25
$0.67
$9.34
Q3 25
$0.70
$1.86
Q2 25
$0.45
$1.70
Q1 25
$0.27
$1.27
Q4 24
$0.37
$2.04
Q3 24
$0.34
$1.46
Q2 24
$0.35
$1.51

Balance Sheet & Financial Strength

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

Metric
DXCM
DXCM
SPG
SPG
Cash + ST InvestmentsLiquidity on hand
$917.7M
$823.1M
Total DebtLower is stronger
$28.4B
Stockholders' EquityBook value
$2.7B
$5.2B
Total Assets
$6.3B
$40.6B
Debt / EquityLower = less leverage
5.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DXCM
DXCM
SPG
SPG
Q1 26
$917.7M
Q4 25
$917.7M
$823.1M
Q3 25
$1.8B
$1.6B
Q2 25
$1.2B
$1.2B
Q1 25
$904.9M
$1.4B
Q4 24
$606.1M
$1.4B
Q3 24
$621.2M
$2.5B
Q2 24
$939.2M
$2.5B
Total Debt
DXCM
DXCM
SPG
SPG
Q1 26
Q4 25
$28.4B
Q3 25
$25.8B
Q2 25
$25.4B
Q1 25
$24.8B
Q4 24
$24.3B
Q3 24
$25.4B
Q2 24
$25.3B
Stockholders' Equity
DXCM
DXCM
SPG
SPG
Q1 26
$2.7B
Q4 25
$2.7B
$5.2B
Q3 25
$2.7B
$2.3B
Q2 25
$2.6B
$2.5B
Q1 25
$2.3B
$2.6B
Q4 24
$2.1B
$2.9B
Q3 24
$2.0B
$2.7B
Q2 24
$2.4B
$2.9B
Total Assets
DXCM
DXCM
SPG
SPG
Q1 26
$6.3B
Q4 25
$6.3B
$40.6B
Q3 25
$7.5B
$33.6B
Q2 25
$7.3B
$33.3B
Q1 25
$6.8B
$32.5B
Q4 24
$6.5B
$32.4B
Q3 24
$6.4B
$33.3B
Q2 24
$6.8B
$33.4B
Debt / Equity
DXCM
DXCM
SPG
SPG
Q1 26
Q4 25
5.46×
Q3 25
10.98×
Q2 25
10.36×
Q1 25
9.50×
Q4 24
8.25×
Q3 24
9.37×
Q2 24
8.59×

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
SPG
SPG
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
$948.8M
FCF MarginFCF / Revenue
53.0%
Capex IntensityCapex / Revenue
14.2%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DXCM
DXCM
SPG
SPG
Q1 26
Q4 25
$294.0M
$1.2B
Q3 25
$659.9M
$890.3M
Q2 25
$303.0M
$1.2B
Q1 25
$183.8M
$827.2M
Q4 24
$301.4M
$1.1B
Q3 24
$199.5M
$892.9M
Q2 24
$279.4M
$1.1B
Free Cash Flow
DXCM
DXCM
SPG
SPG
Q1 26
Q4 25
$192.1M
$948.8M
Q3 25
$579.4M
$685.0M
Q2 25
$208.9M
$971.3M
Q1 25
$96.8M
$597.0M
Q4 24
$176.8M
$867.7M
Q3 24
$88.3M
$706.5M
Q2 24
$213.3M
$874.8M
FCF Margin
DXCM
DXCM
SPG
SPG
Q1 26
Q4 25
15.3%
53.0%
Q3 25
47.9%
42.8%
Q2 25
18.1%
64.8%
Q1 25
9.3%
40.5%
Q4 24
15.9%
54.8%
Q3 24
8.9%
47.7%
Q2 24
21.2%
60.0%
Capex Intensity
DXCM
DXCM
SPG
SPG
Q1 26
Q4 25
8.1%
14.2%
Q3 25
6.7%
12.8%
Q2 25
8.1%
16.3%
Q1 25
8.4%
15.6%
Q4 24
11.2%
13.8%
Q3 24
11.2%
12.6%
Q2 24
6.6%
12.9%
Cash Conversion
DXCM
DXCM
SPG
SPG
Q1 26
Q4 25
1.10×
0.34×
Q3 25
2.33×
1.27×
Q2 25
1.69×
1.89×
Q1 25
1.74×
1.73×
Q4 24
1.99×
1.41×
Q3 24
1.48×
1.63×
Q2 24
1.95×
1.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DXCM
DXCM

Segment breakdown not available.

SPG
SPG

Real Estate Segment$1.7B95%
Other$86.3M5%

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