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Side-by-side financial comparison of Dexcom (DXCM) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.

Dexcom is the larger business by last-quarter revenue ($1.3B vs $891.0M, roughly 1.4× ZIONS BANCORPORATION, NATIONAL ASSOCIATION). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs 21.2%, a 8.3% gap on every dollar of revenue. On growth, Dexcom posted the faster year-over-year revenue change (21.6% vs 8.7%). Over the past eight quarters, Dexcom's revenue compounded faster (12.0% CAGR vs 9.6%).

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.

Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.

DXCM vs ZION — Head-to-Head

Bigger by revenue
DXCM
DXCM
1.4× larger
DXCM
$1.3B
$891.0M
ZION
Growing faster (revenue YoY)
DXCM
DXCM
+12.9% gap
DXCM
21.6%
8.7%
ZION
Higher net margin
ZION
ZION
8.3% more per $
ZION
29.5%
21.2%
DXCM
Faster 2-yr revenue CAGR
DXCM
DXCM
Annualised
DXCM
12.0%
9.6%
ZION

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DXCM
DXCM
ZION
ZION
Revenue
$1.3B
$891.0M
Net Profit
$267.3M
$263.0M
Gross Margin
62.9%
Operating Margin
25.6%
Net Margin
21.2%
29.5%
Revenue YoY
21.6%
8.7%
Net Profit YoY
153.6%
21.8%
EPS (diluted)
$0.67
$1.77

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
ZION
ZION
Q1 26
$1.3B
Q4 25
$1.3B
$891.0M
Q3 25
$1.2B
$861.0M
Q2 25
$1.2B
$838.0M
Q1 25
$1.0B
$795.0M
Q4 24
$1.1B
$820.0M
Q3 24
$994.2M
$792.0M
Q2 24
$1.0B
$777.0M
Net Profit
DXCM
DXCM
ZION
ZION
Q1 26
$267.3M
Q4 25
$267.3M
$263.0M
Q3 25
$283.8M
$222.0M
Q2 25
$179.8M
$244.0M
Q1 25
$105.4M
$170.0M
Q4 24
$151.7M
$216.0M
Q3 24
$134.6M
$214.0M
Q2 24
$143.5M
$201.0M
Gross Margin
DXCM
DXCM
ZION
ZION
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
ZION
ZION
Q1 26
25.6%
Q4 25
25.6%
Q3 25
20.1%
Q2 25
18.4%
Q1 25
12.9%
Q4 24
17.0%
Q3 24
15.3%
Q2 24
15.7%
Net Margin
DXCM
DXCM
ZION
ZION
Q1 26
21.2%
Q4 25
21.2%
29.5%
Q3 25
23.5%
25.8%
Q2 25
15.5%
29.1%
Q1 25
10.2%
21.4%
Q4 24
13.6%
26.3%
Q3 24
13.5%
27.0%
Q2 24
14.3%
25.9%
EPS (diluted)
DXCM
DXCM
ZION
ZION
Q1 26
$0.67
Q4 25
$0.67
$1.77
Q3 25
$0.70
$1.48
Q2 25
$0.45
$1.63
Q1 25
$0.27
$1.13
Q4 24
$0.37
$1.34
Q3 24
$0.34
$1.37
Q2 24
$0.35
$1.28

Balance Sheet & Financial Strength

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

Metric
DXCM
DXCM
ZION
ZION
Cash + ST InvestmentsLiquidity on hand
$917.7M
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$2.7B
$7.2B
Total Assets
$6.3B
$89.0B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DXCM
DXCM
ZION
ZION
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
ZION
ZION
Q1 26
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$970.0M
Q1 25
$964.0M
Q4 24
$950.0M
Q3 24
$548.0M
Q2 24
$546.0M
Stockholders' Equity
DXCM
DXCM
ZION
ZION
Q1 26
$2.7B
Q4 25
$2.7B
$7.2B
Q3 25
$2.7B
$6.9B
Q2 25
$2.6B
$6.6B
Q1 25
$2.3B
$6.3B
Q4 24
$2.1B
$6.1B
Q3 24
$2.0B
$6.4B
Q2 24
$2.4B
$6.0B
Total Assets
DXCM
DXCM
ZION
ZION
Q1 26
$6.3B
Q4 25
$6.3B
$89.0B
Q3 25
$7.5B
$88.5B
Q2 25
$7.3B
$88.9B
Q1 25
$6.8B
$88.0B
Q4 24
$6.5B
$88.8B
Q3 24
$6.4B
$87.0B
Q2 24
$6.8B
$87.6B
Debt / Equity
DXCM
DXCM
ZION
ZION
Q1 26
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.15×
Q1 25
0.15×
Q4 24
0.16×
Q3 24
0.09×
Q2 24
0.09×

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
ZION
ZION
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
$952.0M
FCF MarginFCF / Revenue
106.8%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DXCM
DXCM
ZION
ZION
Q1 26
Q4 25
$294.0M
$1.1B
Q3 25
$659.9M
$438.0M
Q2 25
$303.0M
$-62.0M
Q1 25
$183.8M
$179.0M
Q4 24
$301.4M
$1.1B
Q3 24
$199.5M
$119.0M
Q2 24
$279.4M
$251.0M
Free Cash Flow
DXCM
DXCM
ZION
ZION
Q1 26
Q4 25
$192.1M
$952.0M
Q3 25
$579.4M
$413.0M
Q2 25
$208.9M
$-93.0M
Q1 25
$96.8M
$152.0M
Q4 24
$176.8M
$1.1B
Q3 24
$88.3M
$97.0M
Q2 24
$213.3M
$234.0M
FCF Margin
DXCM
DXCM
ZION
ZION
Q1 26
Q4 25
15.3%
106.8%
Q3 25
47.9%
48.0%
Q2 25
18.1%
-11.1%
Q1 25
9.3%
19.1%
Q4 24
15.9%
128.2%
Q3 24
8.9%
12.2%
Q2 24
21.2%
30.1%
Capex Intensity
DXCM
DXCM
ZION
ZION
Q1 26
Q4 25
8.1%
13.6%
Q3 25
6.7%
2.9%
Q2 25
8.1%
3.7%
Q1 25
8.4%
3.4%
Q4 24
11.2%
11.8%
Q3 24
11.2%
2.8%
Q2 24
6.6%
2.2%
Cash Conversion
DXCM
DXCM
ZION
ZION
Q1 26
Q4 25
1.10×
4.08×
Q3 25
2.33×
1.97×
Q2 25
1.69×
-0.25×
Q1 25
1.74×
1.05×
Q4 24
1.99×
5.31×
Q3 24
1.48×
0.56×
Q2 24
1.95×
1.25×

Financial Flow Comparison

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

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