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Side-by-side financial comparison of Dexcom (DXCM) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Dexcom is the larger business by last-quarter revenue ($1.3B vs $788.1M, roughly 1.6× Zscaler, Inc.). Dexcom runs the higher net margin — 21.2% vs -1.5%, a 22.7% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 21.6%). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% 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.
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
DXCM vs ZS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $788.1M |
| Net Profit | $267.3M | $-11.6M |
| Gross Margin | 62.9% | 76.6% |
| Operating Margin | 25.6% | -4.6% |
| Net Margin | 21.2% | -1.5% |
| Revenue YoY | 21.6% | 25.5% |
| Net Profit YoY | 153.6% | 3.6% |
| EPS (diluted) | $0.67 | $-0.07 |
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 | $788.1M | ||
| Q3 25 | $1.2B | $719.2M | ||
| Q2 25 | $1.2B | $678.0M | ||
| Q1 25 | $1.0B | $647.9M | ||
| Q4 24 | $1.1B | $628.0M | ||
| Q3 24 | $994.2M | $592.9M | ||
| Q2 24 | $1.0B | $553.2M |
| Q1 26 | $267.3M | — | ||
| Q4 25 | $267.3M | $-11.6M | ||
| Q3 25 | $283.8M | $-17.6M | ||
| Q2 25 | $179.8M | $-4.1M | ||
| Q1 25 | $105.4M | $-7.7M | ||
| Q4 24 | $151.7M | $-12.1M | ||
| Q3 24 | $134.6M | $-14.9M | ||
| Q2 24 | $143.5M | $19.1M |
| Q1 26 | 62.9% | — | ||
| Q4 25 | 62.9% | 76.6% | ||
| Q3 25 | 60.5% | 76.1% | ||
| Q2 25 | 59.5% | 77.0% | ||
| Q1 25 | 56.9% | 77.1% | ||
| Q4 24 | 58.9% | 77.5% | ||
| Q3 24 | 59.7% | 78.0% | ||
| Q2 24 | 62.4% | 78.6% |
| Q1 26 | 25.6% | — | ||
| Q4 25 | 25.6% | -4.6% | ||
| Q3 25 | 20.1% | -4.5% | ||
| Q2 25 | 18.4% | -3.7% | ||
| Q1 25 | 12.9% | -6.2% | ||
| Q4 24 | 17.0% | -4.9% | ||
| Q3 24 | 15.3% | -4.5% | ||
| Q2 24 | 15.7% | -0.5% |
| Q1 26 | 21.2% | — | ||
| Q4 25 | 21.2% | -1.5% | ||
| Q3 25 | 23.5% | -2.4% | ||
| Q2 25 | 15.5% | -0.6% | ||
| Q1 25 | 10.2% | -1.2% | ||
| Q4 24 | 13.6% | -1.9% | ||
| Q3 24 | 13.5% | -2.5% | ||
| Q2 24 | 14.3% | 3.5% |
| Q1 26 | $0.67 | — | ||
| Q4 25 | $0.67 | $-0.07 | ||
| Q3 25 | $0.70 | $-0.11 | ||
| Q2 25 | $0.45 | $-0.03 | ||
| Q1 25 | $0.27 | $-0.05 | ||
| Q4 24 | $0.37 | $-0.08 | ||
| Q3 24 | $0.34 | $-0.09 | ||
| Q2 24 | $0.35 | $0.12 |
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 | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | $2.0B |
| Total Assets | $6.3B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $917.7M | — | ||
| Q4 25 | $917.7M | $1.3B | ||
| Q3 25 | $1.8B | $2.4B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $904.9M | $1.8B | ||
| Q4 24 | $606.1M | $1.6B | ||
| Q3 24 | $621.2M | $1.4B | ||
| Q2 24 | $939.2M | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $2.4B | $1.1B |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.3B | $6.5B | ||
| Q3 25 | $7.5B | $6.4B | ||
| Q2 25 | $7.3B | $5.3B | ||
| Q1 25 | $6.8B | $5.0B | ||
| Q4 24 | $6.5B | $4.7B | ||
| Q3 24 | $6.4B | $4.7B | ||
| Q2 24 | $6.8B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× |
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 | — | $448.3M |
| Free Cash FlowOCF − Capex | — | $431.0M |
| FCF MarginFCF / Revenue | — | 54.7% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $294.0M | $448.3M | ||
| Q3 25 | $659.9M | $250.6M | ||
| Q2 25 | $303.0M | $211.1M | ||
| Q1 25 | $183.8M | $179.4M | ||
| Q4 24 | $301.4M | $331.3M | ||
| Q3 24 | $199.5M | $203.6M | ||
| Q2 24 | $279.4M | $173.4M |
| Q1 26 | — | — | ||
| Q4 25 | $192.1M | $431.0M | ||
| Q3 25 | $579.4M | $190.6M | ||
| Q2 25 | $208.9M | $138.9M | ||
| Q1 25 | $96.8M | $164.4M | ||
| Q4 24 | $176.8M | $314.3M | ||
| Q3 24 | $88.3M | $154.2M | ||
| Q2 24 | $213.3M | $137.8M |
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 54.7% | ||
| Q3 25 | 47.9% | 26.5% | ||
| Q2 25 | 18.1% | 20.5% | ||
| Q1 25 | 9.3% | 25.4% | ||
| Q4 24 | 15.9% | 50.1% | ||
| Q3 24 | 8.9% | 26.0% | ||
| Q2 24 | 21.2% | 24.9% |
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 2.2% | ||
| Q3 25 | 6.7% | 8.3% | ||
| Q2 25 | 8.1% | 10.6% | ||
| Q1 25 | 8.4% | 2.3% | ||
| Q4 24 | 11.2% | 2.7% | ||
| Q3 24 | 11.2% | 8.3% | ||
| Q2 24 | 6.6% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.10× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.99× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 1.95× | 9.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
