vs
Side-by-side financial comparison of Dexcom (DXCM) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.3× Dexcom). Dexcom runs the higher net margin — 21.2% vs 6.2%, a 15.0% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 21.6%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 12.0%).
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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
DXCM vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.6B |
| Net Profit | $267.3M | $101.0M |
| Gross Margin | 62.9% | 25.9% |
| Operating Margin | 25.6% | 5.2% |
| Net Margin | 21.2% | 6.2% |
| Revenue YoY | 21.6% | 22.0% |
| Net Profit YoY | 153.6% | 215.6% |
| EPS (diluted) | $0.67 | $0.18 |
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 | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $994.2M | $1.3B | ||
| Q2 24 | $1.0B | $1.2B |
| Q1 26 | $267.3M | — | ||
| Q4 25 | $267.3M | $101.0M | ||
| Q3 25 | $283.8M | $105.0M | ||
| Q2 25 | $179.8M | $80.0M | ||
| Q1 25 | $105.4M | $56.0M | ||
| Q4 24 | $151.7M | $32.0M | ||
| Q3 24 | $134.6M | $56.0M | ||
| Q2 24 | $143.5M | $14.0M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 62.9% | 25.9% | ||
| Q3 25 | 60.5% | 26.5% | ||
| Q2 25 | 59.5% | 25.3% | ||
| Q1 25 | 56.9% | 25.9% | ||
| Q4 24 | 58.9% | 24.9% | ||
| Q3 24 | 59.7% | 24.7% | ||
| Q2 24 | 62.4% | 23.0% |
| Q1 26 | 25.6% | — | ||
| Q4 25 | 25.6% | 5.2% | ||
| Q3 25 | 20.1% | 5.1% | ||
| Q2 25 | 18.4% | 5.2% | ||
| Q1 25 | 12.9% | 3.2% | ||
| Q4 24 | 17.0% | 2.5% | ||
| Q3 24 | 15.3% | 2.6% | ||
| Q2 24 | 15.7% | 0.4% |
| Q1 26 | 21.2% | — | ||
| Q4 25 | 21.2% | 6.2% | ||
| Q3 25 | 23.5% | 6.4% | ||
| Q2 25 | 15.5% | 5.2% | ||
| Q1 25 | 10.2% | 4.2% | ||
| Q4 24 | 13.6% | 2.4% | ||
| Q3 24 | 13.5% | 4.3% | ||
| Q2 24 | 14.3% | 1.1% |
| Q1 26 | $0.67 | — | ||
| Q4 25 | $0.67 | $0.18 | ||
| Q3 25 | $0.70 | $0.16 | ||
| Q2 25 | $0.45 | $0.13 | ||
| Q1 25 | $0.27 | $0.09 | ||
| Q4 24 | $0.37 | $0.09 | ||
| Q3 24 | $0.34 | $0.07 | ||
| Q2 24 | $0.35 | $0.02 |
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 | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $2.1B |
| Total Assets | $6.3B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $917.7M | — | ||
| Q4 25 | $917.7M | $1.4B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $904.9M | $1.0B | ||
| Q4 24 | $606.1M | $903.0M | ||
| Q3 24 | $621.2M | $761.0M | ||
| Q2 24 | $939.2M | $691.0M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $2.1B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.1B | $1.5B | ||
| Q3 24 | $2.0B | $1.4B | ||
| Q2 24 | $2.4B | $1.3B |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.3B | $3.1B | ||
| Q3 25 | $7.5B | $3.0B | ||
| Q2 25 | $7.3B | $2.8B | ||
| Q1 25 | $6.8B | $2.6B | ||
| Q4 24 | $6.5B | $2.4B | ||
| Q3 24 | $6.4B | $2.2B | ||
| Q2 24 | $6.8B | $2.2B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $294.0M | $194.0M | ||
| Q3 25 | $659.9M | $165.0M | ||
| Q2 25 | $303.0M | $223.0M | ||
| Q1 25 | $183.8M | $79.0M | ||
| Q4 24 | $301.4M | $147.0M | ||
| Q3 24 | $199.5M | $109.0M | ||
| Q2 24 | $279.4M | $124.0M |
| Q1 26 | — | — | ||
| Q4 25 | $192.1M | $178.0M | ||
| Q3 25 | $579.4M | $153.0M | ||
| Q2 25 | $208.9M | $208.0M | ||
| Q1 25 | $96.8M | $69.0M | ||
| Q4 24 | $176.8M | $134.0M | ||
| Q3 24 | $88.3M | $97.0M | ||
| Q2 24 | $213.3M | $108.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 10.9% | ||
| Q3 25 | 47.9% | 9.4% | ||
| Q2 25 | 18.1% | 13.4% | ||
| Q1 25 | 9.3% | 5.2% | ||
| Q4 24 | 15.9% | 10.0% | ||
| Q3 24 | 8.9% | 7.4% | ||
| Q2 24 | 21.2% | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 1.0% | ||
| Q3 25 | 6.7% | 0.7% | ||
| Q2 25 | 8.1% | 1.0% | ||
| Q1 25 | 8.4% | 0.7% | ||
| Q4 24 | 11.2% | 1.0% | ||
| Q3 24 | 11.2% | 0.9% | ||
| Q2 24 | 6.6% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.10× | 1.92× | ||
| Q3 25 | 2.33× | 1.57× | ||
| Q2 25 | 1.69× | 2.79× | ||
| Q1 25 | 1.74× | 1.41× | ||
| Q4 24 | 1.99× | 4.59× | ||
| Q3 24 | 1.48× | 1.95× | ||
| Q2 24 | 1.95× | 8.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DXCM
Segment breakdown not available.
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
