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Edwards Lifesciences

EWNYSEStock Fundamentals

Edwards Lifesciences is a global leader in structural heart innovation, specializing in the development of medical technologies for heart valve disease and critical care monitoring. The company focuses on transformative product innovation and high-quality clinical evidence to provide both surgical and transcatheter therapies for aortic, mitral, tricuspid, and pulmonic heart valves.

Market Cap$46.9B
Revenue TTM$6.3B
Net Income TTM$1.1B
P/E Ratio42.75
Net Margin17.39%
EPS TTM$1.88
Free Cash Flow TTM$1.1B
Employees19.8K
CEOBernard J. Zovighian
CountryUnited States of America
Healthcare
Medical - Devices
SegmentsMedical Devices, Cardiovascular Technology
Business ModelsMedical Device Manufacturing, Direct Sales, R&D Driven
Most Recent EarningsApr 23, 2026 · 22 days agoQ1 2026
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Next EarningsJul 23, 2026 · in 2 monthsAfter Market Close · Q2 2026

Financials

Based on Q1 2026 filing

Gross Margin77.87%
Op. Margin21.37%
ROE10.72%
D/E6.81%
Current Ratio4.42
Total Debt$702.9M
Cash$2.4B
CapEx TTM$269.1M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Transcatheter Aortic Valve Replacement (TAVR)

primary

Technologies designed for the replacement of heart valves via catheter-based approaches, eliminating the need for traditional open-heart surgery.

Products

SAPIEN, SAPIEN XT, SAPIEN 3, SAPIEN 3 Ultra

Customers

Interventional Cardiologists, Cardiac Surgeons, Hospitals

Surgical Structural Heart

major

Traditional surgical tissue heart valves and repair therapies used by surgeons during open-heart procedures to treat diseased or damaged valves.

Products

INSPIRIS RESILIA, EDWARDS INTUITY Elite, Carpentier-Edwards Physio

Customers

Cardiac Surgeons, General Hospitals

Transcatheter Mitral and Tricuspid Therapies (TMTT)

moderate

A portfolio of transcatheter repair and replacement technologies specifically for patients suffering from mitral and tricuspid valve diseases.

Products

PASCAL, EVOQUE

Customers

Interventional Cardiologists, Cardiac Surgeons, Specialized Heart Centers

Critical Care

moderate

Advanced hemodynamic monitoring systems used in surgical and intensive care settings to measure a patient's heart function and fluid status.

Products

FloTrac, ClearSight, ForeSight, HemoSphere

Customers

Anesthesiologists, Intensivists, Critical Care Units

Segment Financials

Transcatheter Aortic Valve Replacement — Net Sales

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Transcatheter Mitral and Tricuspid Therapies — Net Sales

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Surgical — Net Sales

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United States — Cost of Sales

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Europe — Cost of Sales

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Business Overview

Competitive Position

Edwards is the global market leader in transcatheter aortic valve replacement and a pioneer in surgical tissue heart valves.

Geographies

United States, Europe, Japan, Rest of World

Customer Segments

Hospitals, Specialized Medical Clinics, Healthcare Systems

Upstream Dependencies

Bovine and porcine tissue suppliers, Specialized medical-grade polymers and metals, Electronic component manufacturers for monitoring consoles

Downstream Customers

Acute care hospitals, Cardiac catheterization laboratories, Government healthcare providers, Private insurance payers

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Edwards Lifesciences FAQ

Common questions about Edwards Lifesciences

Edwards Lifesciences is a global leader in structural heart innovation, specializing in the development of medical technologies for heart valve disease and critical care monitoring. The company focuses on transformative product innovation and high-quality clinical evidence to provide both surgical and transcatheter therapies for aortic, mitral, tricuspid, and pulmonic heart valves.

Edwards Lifesciences (EW) has a market capitalization of $46.9B and trades on NYSE.

Edwards Lifesciences generated $6.3B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 17.4%. Gross margin stands at 77.9%, with free cash flow of $1.1B. These figures are based on the Q1 2026 filing.

Edwards Lifesciences's key competitors include Boston Scientific Corporation, Medtronic plc, Abbott Laboratories, and others. These companies compete in similar markets and product categories.

Edwards Lifesciences has approximately 19,800 employees.