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Dexcom vs Medline: revenue, profit, margins and growth compared

Dexcom brought in $4.7B of revenue in fiscal 2025, Medline $28.4B in fiscal 2025. Dexcom kept 17.9% of its revenue as net profit, Medline 4.1%. Free cash flow was $1.1B at Dexcom and $1.3B at Medline.

Side by side, latest fiscal year

DXCMMDLN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$4.7B$28.4B
Revenue growth+15.6%n/a
Net income$836.3M$1.2B
Net margin17.9%4.1%
Free cash flow$1.1B$1.3B
Free cash flow margin23.1%4.6%
Earnings per share (diluted)$2.09-$0.01
Cash$917.7M$1.9B
Debtn/a$12.6B
Price to earnings41.4n/a
Market value$32.7B$45.6B
Dividend yieldn/an/a
Rank by revenue in sector#65 of 523 · Health care#23 of 523 · Health care

Over the years

Revenue
DXCM FY2018: $1BDXCM FY2019: $1.5BDXCM FY2020: $1.9BDXCM FY2021: $2.4BDXCM FY2022: $2.9BDXCM FY2023: $3.6BDXCM FY2024: $4BDXCM FY2025: $4.7BMDLN FY2023: $23.2BMDLN FY2025: $25.5BMDLN FY2025: $28.4BFY18FY19FY20FY21FY22FY23FY24FY25
DXCM $4.7BMDLN $28.4B
Net income
DXCM FY2018: -$127.1MDXCM FY2019: $101.1MDXCM FY2020: $549.7MDXCM FY2021: $216.9MDXCM FY2022: $341.2MDXCM FY2023: $541.5MDXCM FY2024: $576.2MDXCM FY2025: $836.3MMDLN FY2023: $234MMDLN FY2025: $1.2BMDLN FY2025: $1.2BMDLN FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
DXCM $836.3MMDLN $1.2B
Net margin
DXCM FY2018: -12.3%DXCM FY2019: 6.8%DXCM FY2020: 28.5%DXCM FY2021: 8.9%DXCM FY2022: 11.7%DXCM FY2023: 14.9%DXCM FY2024: 14.3%DXCM FY2025: 17.9%MDLN FY2023: 1.0%MDLN FY2025: 4.6%MDLN FY2025: 4.1%FY18FY19FY20FY21FY22FY23FY24FY25
DXCM 17.9%MDLN 4.1%
Revenue growth
DXCM FY2019: +43.1%DXCM FY2020: +30.5%DXCM FY2021: +27.1%DXCM FY2022: +18.8%DXCM FY2023: +24.5%DXCM FY2024: +11.3%DXCM FY2025: +15.6%MDLN FY2025: +9.8%FY19FY20FY21FY22FY23FY24FY25
DXCM +15.6%MDLN +9.8%
Free cash flow
DXCM FY2018: $56.1MDXCM FY2019: $134.5MDXCM FY2020: $276.6MDXCM FY2021: $53.3MDXCM FY2022: $304.7MDXCM FY2023: $511.9MDXCM FY2024: $630.7MDXCM FY2025: $1.1BMDLN FY2023: $1.4BMDLN FY2025: $1.4BMDLN FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
DXCM $1.1BMDLN $1.3B

Fiscal years as each company reports them; the two may end in different months.

Questions about Dexcom and Medline

Which is bigger by revenue, Dexcom or Medline?

Medline is bigger by revenue: $28.4B in fiscal 2025, against $4.7B for Dexcom in fiscal 2025.

Which keeps more of its revenue as profit, Dexcom or Medline?

Dexcom had a net margin of 17.9% in fiscal 2025; Medline had 4.1% in fiscal 2025.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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