Dexcom vs Stryker (DXCM vs SYK)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Stryker is the larger company by revenue ($25.1B vs $4.7B) and market value ($121.7B vs $34.0B). Dexcom has grown revenue faster over the last 4 fiscal years (+90.4% cumulative vs +46.8%). Stryker trades at the lower trailing P/E (33.6x vs 35.6x).
About Dexcom
Dexcom Inc is a medical device company that designs, develops, and sells continuous glucose monitoring systems for diabetes and metabolic health management. Its main products include the Dexcom G7 and G7 15 Day systems, which provide real-time glucose readings and alerts to patients, caregivers, and clinicians. The company serves people with diabetes, including those using insulin, as well as adults with prediabetes and Type 2 diabetes who do not use insulin.
About Stryker
Stryker Corporation develops and sells medical technologies globally, focusing on MedSurg, Neurotechnology, and Orthopaedics. Its products include surgical equipment, patient care technologies, implants for joint replacement and trauma surgeries, and robotic-assisted surgical systems. The company serves healthcare providers such as doctors, hospitals, and other medical facilities in approximately 61 countries.
Head to head (DXCM FY2025 vs SYK FY2025)
| Metric | DXCMFY2025 | SYKFY2025 |
|---|---|---|
| Revenue | $4.66B | $25.12B |
| Revenue growth (YoY) | 15.6% | 11.2% |
| Gross margin | 60.1% | 64.0% |
| Operating margin | 19.6% | 19.5% |
| Net margin | 17.9% | 12.9% |
| Net income | $836.3M | $3.25B |
| Diluted EPS | $2.09 | $8.40 |
| FCF margin | 23.1% | 17.1% |
| ROE | 30.5% | 14.5% |
| Long-term debt / equity | — | 0.66× |
| Market cap | $34.02B | $121.75B |
| P/E | 35.6× | 33.6× |
Fundamentals are from each company’s SEC filings (DXCM FY2025, SYK FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| DXCM | $2.45B | $2.91B | $3.62B | $4.03B | $4.66B |
| SYK | $17.11B | $18.45B | $20.50B | $22.59B | $25.12B |
Peer standing
Where each company ranks among the 88 medical device companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | DXCM | SYK |
|---|---|---|
| Gross margin | 60.1%42nd percentile of 77 | 64.0%55th percentile of 77 |
| Operating margin | 19.6%92nd percentile of 80 | 19.5%91st percentile of 80 |
| Net margin | 17.9%90th percentile of 81 | 12.9%83rd percentile of 81 |
| FCF margin | 23.1%93rd percentile of 74 | 17.1%86th percentile of 74 |
| Revenue growth (YoY) | +15.6%57th percentile of 87 | +11.2%43rd percentile of 87 |
| ROE | 30.5%95th percentile of 79 | 14.5%82nd percentile of 79 |
| P/E | 35.6×68th percentile of 32 | 33.6×65th percentile of 32 |
| Short interest (days to cover) | 2.94d43rd percentile of 88 | 3.20d48th percentile of 88 |
Short interest
| FINRA settlement data | DXCM | SYK |
|---|---|---|
| Shares sold short | 16.5M | 6.9M |
| Change vs prior settlement | -5.8% | -16.7% |
| Days to cover | 2.94 | 3.20 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | DXCM | SYK |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 15 ($8.1M) | 22 ($118.2M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
9 tracked 13F managers hold both Dexcom and Stryker as of their latest quarterly filings: AQR Capital Management, Bridgewater Associates, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Point72 Asset Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
Go deeper
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.