TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

EW stock analysis: Edwards Lifesciences

Edwards Lifesciences (EW) is an S&P 500 company in Health Care Equipment. It grades weakest on momentum and value.

The model's view of EW · subscribers

Where EW ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with EW · updated 2026-10-05 · from prices and SEC filings

EW price performance

EW against the S&P 500, one year
+0%+10%+20%S&P 500 +18%EW +13%2025-09-292026-10-05
Year to date+2.3%S&P 500 +14.5% · behind by 12.2 pts
1 year+13.2%S&P 500 +17.0% · behind by 3.9 pts
3 years+20.8%S&P 500 +89.3% · behind by 68.4 pts
5 years-19.9%S&P 500 +91.3% · behind by 111.2 pts

Total returns with dividends reinvested.

EW factor grades

Each grade compares EW with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

DValueP/E 50.1x (industry 28.8x)FCF yield 2.9% (industry 4.4%)
C+GrowthRevenue growth +15% (industry +9%)EPS growth -75% (industry +11%)
BProfitabilityOperating margin 22.3% (industry 18.5%)ROIC 12.0% (industry 11.1%)
C-Momentum12-month change +13%From 52-wk high -8%

EW in plain numbers

EW key statistics

SectorHealth Care
IndustryHealth Care Equipment
IndexS&P 500
Market value$50.3B
Revenue growth (y/y)+15%
Free-cash-flow yield2.9%
Dividend yieldn/a
Next earnings (expected)2026-10-29
Valuation measures
Market value$50.3B
Enterprise value$48.0B
P/E (trailing)50.1x
Forward P/E (Torvanta estimate)53.3x
Price / sales7.7x
Price / book4.7x
EV / revenue7.4x
EV / EBITDA29.7x
Financial highlights
Revenue, last 12 months$6.5B
Net income, last 12 months$1.0B
EPS, last 12 months (GAAP)$1.74
Gross margin77.8%
Operating margin22.3%
Net margin15.4%
Return on equity9.5%
Return on invested capital12.0%
Cash$2.9B
Total debt$598.7M
Debt / equity0.06x
Free cash flow, last 12 months$1.4B
Current ratio4.52x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

EW earnings trends

Revenue vs earnings
$0$767.7M$1.5B$2.3B$3.1BSep 2024 Revenue: $1.4BDec 2024 Revenue: $1.4BMar 2025 Revenue: $1.4BJun 2025 Revenue: $1.5BSep 2025 Revenue: $1.6BDec 2025 Revenue: $1.6BMar 2026 Revenue: $1.6BJun 2026 Revenue: $1.7BSep 2024 Net income: $3.1BDec 2024 Net income: $385.6MMar 2025 Net income: $358.0MJun 2025 Net income: $333.2MSep 2025 Net income: $291.1MDec 2025 Net income: $91.2MMar 2026 Net income: $380.7MJun 2026 Net income: $241.9MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 226.7%Net margin: 27.8%Net margin: 25.3%Net margin: 21.7%Net margin: 18.7%Net margin: 5.8%Net margin: 23.1%Net margin: 13.9%0%113%227%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.3$2.6$3.9$5.1Sep 2024 EPS (GAAP, diluted): $5.1Dec 2024 EPS (GAAP, diluted): $0.7Mar 2025 EPS (GAAP, diluted): $0.6Jun 2025 EPS (GAAP, diluted): $0.6Sep 2025 EPS (GAAP, diluted): $0.5Dec 2025 EPS (GAAP, diluted): $0.2Mar 2026 EPS (GAAP, diluted): $0.7Jun 2026 EPS (GAAP, diluted): $0.4Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -90% · Dec 2025 -75% · Mar 2026 +8% · Jun 2026 -25%

From the company's 10-Q and 10-K filings with the SEC.

Edwards Lifesciences financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$5.2B$5.4B$5.7B$5.7B$6.1B
Net incomen/a$1.5B$1.4B$4.2B$1.1B
EPS (GAAP)$2.39$2.44$2.30$6.97$1.83
Free cash flow$1.4B$1.0B$642.8M$289.9M$1.3B

EW earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-23$0.42-25%+14%-0.9%
2026-04-23$0.66+8%+17%+2.8%
2026-02-10$0.16-75%+13%+3.6%
2025-10-30$0.50-90%+15%+0.5%
2025-07-24$0.56-8%+11%+3.6%
2025-04-23$0.61+5%-12%+2.7%

About Edwards Lifesciences

HeadquartersIrvine, CA
Industry (SEC code)Orthopedic, Prosthetic & Surgical Appliances & Supplies
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyCVG CONTROLLED INC

From the company's SEC registration record.

Companies similar to EW

CompanyMarket valueP/ERevenue growthOperating margin12-month change
EW Edwards Lifesciences$50.3B50.1x+15%22.3%+13%
BDX Becton Dickinson$49.2B54.4x-3%9.6%+22%compare
IDXX IDEXX$41.5B37.0x+13%32.0%-16%compare
BSX Boston Scientific$61.4B17.2x+14%19.8%-56%compare
DXCM DexCom$32.8B34.5x+16%22.9%+30%
RMD ResMed$32.1B21.4x+10%33.4%-19%
GEHC GE HealthCare$29.9B15.7x+6%12.6%-14%

All Health Care stock ratings

Frequently asked questions

Is EW stock a buy?

Torvanta does not tell individuals what to buy. Its grades for EW are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is EW's P/E ratio?

EW trades at about 50.1 times its last 12 months of GAAP earnings reported to the SEC, and about 53.3 times Torvanta's own estimate of the next 12 months.

When does EW report earnings next?

Based on its filing history, Torvanta expects Edwards Lifesciences to report around 2026-10-29.

How has EW performed against the S&P 500?

Over the past year EW returned +13.2%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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