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Side-by-side financial comparison of Dexcom (DXCM) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

Dexcom is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.2× WESTERN ALLIANCE BANCORPORATION). Dexcom runs the higher net margin — 21.2% vs 18.6%, a 2.7% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs 21.6%). Over the past eight quarters, WESTERN ALLIANCE BANCORPORATION's revenue compounded faster (14.9% 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.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

DXCM vs WAL — Head-to-Head

Bigger by revenue
DXCM
DXCM
1.2× larger
DXCM
$1.3B
$1.0B
WAL
Growing faster (revenue YoY)
WAL
WAL
+9.4% gap
WAL
31.0%
21.6%
DXCM
Higher net margin
DXCM
DXCM
2.7% more per $
DXCM
21.2%
18.6%
WAL
Faster 2-yr revenue CAGR
WAL
WAL
Annualised
WAL
14.9%
12.0%
DXCM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DXCM
DXCM
WAL
WAL
Revenue
$1.3B
$1.0B
Net Profit
$267.3M
$189.2M
Gross Margin
62.9%
Operating Margin
25.6%
Net Margin
21.2%
18.6%
Revenue YoY
21.6%
31.0%
Net Profit YoY
153.6%
-5.0%
EPS (diluted)
$0.67
$1.65

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
WAL
WAL
Q1 26
$1.3B
$1.0B
Q4 25
$1.3B
$980.9M
Q3 25
$1.2B
$938.2M
Q2 25
$1.2B
$845.9M
Q1 25
$1.0B
$778.0M
Q4 24
$1.1B
$838.4M
Q3 24
$994.2M
$823.1M
Q2 24
$1.0B
$771.8M
Net Profit
DXCM
DXCM
WAL
WAL
Q1 26
$267.3M
$189.2M
Q4 25
$267.3M
$286.1M
Q3 25
$283.8M
$253.4M
Q2 25
$179.8M
$230.4M
Q1 25
$105.4M
$199.1M
Q4 24
$151.7M
$216.9M
Q3 24
$134.6M
$199.8M
Q2 24
$143.5M
$193.6M
Gross Margin
DXCM
DXCM
WAL
WAL
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
WAL
WAL
Q1 26
25.6%
Q4 25
25.6%
36.3%
Q3 25
20.1%
33.4%
Q2 25
18.4%
34.4%
Q1 25
12.9%
31.7%
Q4 24
17.0%
30.9%
Q3 24
15.3%
30.6%
Q2 24
15.7%
32.1%
Net Margin
DXCM
DXCM
WAL
WAL
Q1 26
21.2%
18.6%
Q4 25
21.2%
29.2%
Q3 25
23.5%
27.0%
Q2 25
15.5%
27.2%
Q1 25
10.2%
25.6%
Q4 24
13.6%
25.9%
Q3 24
13.5%
24.3%
Q2 24
14.3%
25.1%
EPS (diluted)
DXCM
DXCM
WAL
WAL
Q1 26
$0.67
$1.65
Q4 25
$0.67
$2.59
Q3 25
$0.70
$2.28
Q2 25
$0.45
$2.07
Q1 25
$0.27
$1.79
Q4 24
$0.37
$1.94
Q3 24
$0.34
$1.80
Q2 24
$0.35
$1.75

Balance Sheet & Financial Strength

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

Metric
DXCM
DXCM
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$917.7M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$2.7B
$7.9B
Total Assets
$6.3B
$98.9B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DXCM
DXCM
WAL
WAL
Q1 26
$917.7M
Q4 25
$917.7M
Q3 25
$1.8B
Q2 25
$1.2B
Q1 25
$904.9M
Q4 24
$606.1M
Q3 24
$621.2M
Q2 24
$939.2M
Total Debt
DXCM
DXCM
WAL
WAL
Q1 26
$4.3B
Q4 25
$1.4B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$1.6B
Q4 24
$2.4B
Q3 24
$1.4B
Q2 24
$436.0M
Stockholders' Equity
DXCM
DXCM
WAL
WAL
Q1 26
$2.7B
$7.9B
Q4 25
$2.7B
$7.7B
Q3 25
$2.7B
$7.4B
Q2 25
$2.6B
$7.1B
Q1 25
$2.3B
$6.9B
Q4 24
$2.1B
$6.7B
Q3 24
$2.0B
$6.7B
Q2 24
$2.4B
$6.3B
Total Assets
DXCM
DXCM
WAL
WAL
Q1 26
$6.3B
$98.9B
Q4 25
$6.3B
$92.8B
Q3 25
$7.5B
$91.0B
Q2 25
$7.3B
$86.7B
Q1 25
$6.8B
$83.0B
Q4 24
$6.5B
$80.9B
Q3 24
$6.4B
$80.1B
Q2 24
$6.8B
$80.6B
Debt / Equity
DXCM
DXCM
WAL
WAL
Q1 26
0.54×
Q4 25
0.18×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.23×
Q4 24
0.36×
Q3 24
0.21×
Q2 24
0.07×

Financial Flow Comparison

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

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