S&P 500 comparison · Health Care

Baxter International vs Dexcom

Prices at close . Model readings .

Baxter International

$25.46+2.17%
Month: negativeLong run: negative

Dexcom

$78.62+0.08%
Month: positiveLong run: negative
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), Dexcom is the larger company by market value ($30.67B against $13.19B). Over the past year Baxter International returned +10.1% and Dexcom +11.3%, while the S&P 500 returned +12.7%. The operating margin is 7.3% for Baxter International and 24.3% for Dexcom. Over the next 21 sessions the model expects −0.09% for Baxter International, with a 47% chance of a rise, and +0.11% for Dexcom, with a 43% chance. Baxter International's long-run fair value is $21.78, a gap of −14.5% to its price; the long-run model view is negative. Dexcom's long-run fair value is $68.02, a gap of −13.5% to its price; the long-run model view is negative.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
BAX−0.09%
DXCM+0.11%
Chance of a risenext 21 sessions
BAX47%
DXCM43%
Expected returnnext 63 sessions
BAX+1.8%
DXCM+2.06%
Range of outcomes63 sessions, 80% band
BAX−20.5% to +24.1%
DXCM−22.3% to +26.5%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
BAX$21.7828 Oct 2026
DXCM$68.0228 Oct 2026
Gap to pricefair value against the close
BAX−14.5%
DXCM−13.5%
Past readings that matchedsign of the 21-session outcome
BAX48%of 269
DXCM57.5%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
BAX+8.4%
DXCM−9.3%
6 monthsS&P 500: +8.5%
BAX+50.7%
DXCM+36.6%
Year to dateS&P 500: +13.3%
BAX+33.4%
DXCM+18.5%
1 yearS&P 500: +12.7%
BAX+10.1%
DXCM+11.3%
5 yearsS&P 500: +70.7%
BAX−65.4%
DXCM−43.5%
1 year against the S&P 500percentage points
BAX−2.7 pts
DXCM−1.4 pts
Position in the 52-week range0% low, 100% high
BAX68%close $25.46 in $15.72 to $30.00
DXCM64%close $78.62 in $54.11 to $92.59
Against the 200-day average
BAX+19.5%
DXCM+5.6%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to
Market value
BAX$13.19B28 Oct 2026
DXCM$30.67B28 Oct 2026
Enterprise valueat the last filing
BAX$8.89B30 Jun 2026
DXCM—Not in the latest filing data.
P/Elatest filed
BAXn/mA P/E on negative earnings is not a multiple.
DXCM29.0
Price to book
BAX1.79
DXCM10.02
EV / EBITDA
BAX13.25
DXCM19.75
Free cash flow yield
BAX7.3%
DXCM5.35%
Dividend yield
BAX1.67%
DXCM0%
Questions

Baxter International or Dexcom: common questions

Which is larger by market value, Baxter International or Dexcom?

Dexcom, at $30.67B against $13.19B for Baxter International, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Baxter International or Dexcom?

Dexcom's latest filed P/E is 29.0; Baxter International reported losses, so its P/E is not meaningful (n/m). Filings: quarter to 30 Jun 2026.

How did Baxter International and Dexcom move over the past year against the S&P 500?

Over the past year Baxter International returned +10.1% and Dexcom +11.3%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Baxter International and Dexcom over the next month?

−0.09% for Baxter International with a 47% chance of a rise, and +0.11% for Dexcom with a 43% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Baxter International and Dexcom compare?

The operating margin is 7.3% for Baxter International and 24.3% for Dexcom, and the gross margin 34.9% against 63.4%. Filings: quarter to 30 Jun 2026.

Do Baxter International and Dexcom shares move together?

Over the past year the correlation of their daily returns was 0.33 (loosely together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

In the consoleCompare up to four companies with every model readingMembers see the 63-session chance of a rise and all four horizons, side by side in Research › Compare.
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The two company pagesBaxter International (BAX) forecast and analysisDexcom (DXCM) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.