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Side-by-side financial comparison of Dexcom (DXCM) and WATSCO INC (WSO). Click either name above to swap in a different company.
WATSCO 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 4.5%, a 16.7% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs -10.0%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% CAGR vs 0.4%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
DXCM vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.6B |
| Net Profit | $267.3M | $71.7M |
| Gross Margin | 62.9% | 27.1% |
| Operating Margin | 25.6% | 6.4% |
| Net Margin | 21.2% | 4.5% |
| Revenue YoY | 21.6% | -10.0% |
| Net Profit YoY | 153.6% | -25.9% |
| EPS (diluted) | $0.67 | $1.82 |
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 | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.0B | $1.5B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $994.2M | $2.2B | ||
| Q2 24 | $1.0B | $2.1B |
| Q1 26 | $267.3M | — | ||
| Q4 25 | $267.3M | $71.7M | ||
| Q3 25 | $283.8M | $161.6M | ||
| Q2 25 | $179.8M | $183.6M | ||
| Q1 25 | $105.4M | $80.1M | ||
| Q4 24 | $151.7M | $96.8M | ||
| Q3 24 | $134.6M | $171.0M | ||
| Q2 24 | $143.5M | $181.4M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 62.9% | 27.1% | ||
| Q3 25 | 60.5% | 27.5% | ||
| Q2 25 | 59.5% | 29.3% | ||
| Q1 25 | 56.9% | 28.1% | ||
| Q4 24 | 58.9% | 26.7% | ||
| Q3 24 | 59.7% | 26.2% | ||
| Q2 24 | 62.4% | 27.1% |
| Q1 26 | 25.6% | — | ||
| Q4 25 | 25.6% | 6.4% | ||
| Q3 25 | 20.1% | 11.4% | ||
| Q2 25 | 18.4% | 13.2% | ||
| Q1 25 | 12.9% | 7.3% | ||
| Q4 24 | 17.0% | 7.8% | ||
| Q3 24 | 15.3% | 11.6% | ||
| Q2 24 | 15.7% | 12.6% |
| Q1 26 | 21.2% | — | ||
| Q4 25 | 21.2% | 4.5% | ||
| Q3 25 | 23.5% | 7.8% | ||
| Q2 25 | 15.5% | 8.9% | ||
| Q1 25 | 10.2% | 5.2% | ||
| Q4 24 | 13.6% | 5.5% | ||
| Q3 24 | 13.5% | 7.9% | ||
| Q2 24 | 14.3% | 8.5% |
| Q1 26 | $0.67 | — | ||
| Q4 25 | $0.67 | $1.82 | ||
| Q3 25 | $0.70 | $3.98 | ||
| Q2 25 | $0.45 | $4.52 | ||
| Q1 25 | $0.27 | $1.93 | ||
| Q4 24 | $0.37 | $2.42 | ||
| Q3 24 | $0.34 | $4.22 | ||
| Q2 24 | $0.35 | $4.49 |
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 | $733.3M |
| Total DebtLower is stronger | — | $361.6M |
| Stockholders' EquityBook value | $2.7B | $2.8B |
| Total Assets | $6.3B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $917.7M | — | ||
| Q4 25 | $917.7M | $733.3M | ||
| Q3 25 | $1.8B | $524.3M | ||
| Q2 25 | $1.2B | $293.0M | ||
| Q1 25 | $904.9M | $431.8M | ||
| Q4 24 | $606.1M | $781.9M | ||
| Q3 24 | $621.2M | $550.0M | ||
| Q2 24 | $939.2M | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $361.6M | ||
| Q3 25 | — | $340.8M | ||
| Q2 25 | — | $338.7M | ||
| Q1 25 | — | $346.4M | ||
| Q4 24 | — | $337.2M | ||
| Q3 24 | — | $321.0M | ||
| Q2 24 | — | $307.1M |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $2.8B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $2.6B | $2.8B | ||
| Q1 25 | $2.3B | $2.7B | ||
| Q4 24 | $2.1B | $2.7B | ||
| Q3 24 | $2.0B | $2.7B | ||
| Q2 24 | $2.4B | $2.6B |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.3B | $4.4B | ||
| Q3 25 | $7.5B | $4.6B | ||
| Q2 25 | $7.3B | $4.7B | ||
| Q1 25 | $6.8B | $4.5B | ||
| Q4 24 | $6.5B | $4.5B | ||
| Q3 24 | $6.4B | $4.5B | ||
| Q2 24 | $6.8B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.12× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | 0.12× |
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 | — | $399.8M |
| Free Cash FlowOCF − Capex | — | $388.5M |
| FCF MarginFCF / Revenue | — | 24.6% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 5.57× |
| TTM Free Cash FlowTrailing 4 quarters | — | $535.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $294.0M | $399.8M | ||
| Q3 25 | $659.9M | $354.9M | ||
| Q2 25 | $303.0M | $-7.4M | ||
| Q1 25 | $183.8M | $-177.6M | ||
| Q4 24 | $301.4M | $378.9M | ||
| Q3 24 | $199.5M | $232.8M | ||
| Q2 24 | $279.4M | $57.7M |
| Q1 26 | — | — | ||
| Q4 25 | $192.1M | $388.5M | ||
| Q3 25 | $579.4M | $346.1M | ||
| Q2 25 | $208.9M | $-14.3M | ||
| Q1 25 | $96.8M | $-185.2M | ||
| Q4 24 | $176.8M | $370.9M | ||
| Q3 24 | $88.3M | $223.0M | ||
| Q2 24 | $213.3M | $51.3M |
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 24.6% | ||
| Q3 25 | 47.9% | 16.7% | ||
| Q2 25 | 18.1% | -0.7% | ||
| Q1 25 | 9.3% | -12.1% | ||
| Q4 24 | 15.9% | 21.1% | ||
| Q3 24 | 8.9% | 10.3% | ||
| Q2 24 | 21.2% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 0.7% | ||
| Q3 25 | 6.7% | 0.4% | ||
| Q2 25 | 8.1% | 0.3% | ||
| Q1 25 | 8.4% | 0.5% | ||
| Q4 24 | 11.2% | 0.5% | ||
| Q3 24 | 11.2% | 0.5% | ||
| Q2 24 | 6.6% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.10× | 5.57× | ||
| Q3 25 | 2.33× | 2.20× | ||
| Q2 25 | 1.69× | -0.04× | ||
| Q1 25 | 1.74× | -2.22× | ||
| Q4 24 | 1.99× | 3.91× | ||
| Q3 24 | 1.48× | 1.36× | ||
| Q2 24 | 1.95× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
