Skip to content
Edwards Lifesciences logo

Edwards Lifesciences

EW

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.

Market cap
$53.92B+19.7%
Revenue$6.3B+14.1%
Net income$1.1B-73.8%
Free cash flow$1.1B+57.5%
EPS (diluted)$1.88-73.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 23, 2026 (In 1 week)
Revenue estimate$1.7B
EPS estimate$0.73

Financials

Q1 2026

Income statement

See full
Revenue$1.6B+16.7%
Gross profit$1.3B+15.7%
Operating income$477.6M+21.0%
Net income$380.7M+6.3%
EPS (diluted)$0.66+8.2%

Balance sheet

See full
Cash & equivalents$2.4B-22.3%
Total debt$702.9M+0.5%
Total equity$10.3B+2.0%
Total assets$13.3B+2.3%

Cash flow

See full
Operating cash flow$43.8M-84.4%
CapEx$64.9M+15.9%
Free cash flow-$21.1M-109%

Valuation & ratios

Valuation

See full
Market cap$53.92B+19.7%
Enterprise value$52.17B+22.9%
P/E49.2×+38.3×
P/S8.6×+0.6×

Profitability

See full
Gross margin77.9%-1.6pp
Operating margin21.4%-4.4pp
Net margin17.4%-58.3pp
FCF margin17.3%

Returns & leverage

See full
Return on equity10.7%-37.8pp
Debt / equity0.1×0.0×
Current ratio4.4×0.0×

Segments

By segment

See full
United States$937.6M+11.8%
Europe$442.6M+29.5%
Rest of World$177.8M+18.4%
Japan$90.6M+10.8%

By product

See full
Transcatheter Aortic Valve Replacement$1.2B+14.4%
Surgical$276.2M
Transcatheter Mitral and Tricuspid Therapies$175.1M+52.0%

Competitors

Profile

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.

Competitive position

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

GeographiesUnited States, Europe, Japan, Rest of World
Customer segmentsHospitals, Specialized Medical Clinics, Healthcare Systems
Business modelMedical Device Manufacturing, Direct Sales, R&D Driven
SuppliersBovine and porcine tissue suppliers, Specialized medical-grade polymers and metals, Electronic component manufacturers for monitoring consoles
CustomersAcute care hospitals, Cardiac catheterization laboratories, Government healthcare providers, Private insurance payers
Listed2000
Employees19.8K
CEOBernard J. Zovighian
FilingsSEC EDGAR

Questions, answered.

What is Edwards Lifesciences's market cap?
Edwards Lifesciences (EW) has a market capitalization of $53.9B and trades on NYSE.
What is Edwards Lifesciences's revenue and profitability?
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.
Who are Edwards Lifesciences's competitors?
Edwards Lifesciences's key competitors include Boston Scientific Corporation, Medtronic plc, Abbott Laboratories, and others. These companies compete in similar markets and product categories.
Where is Edwards Lifesciences headquartered?
Edwards Lifesciences is headquartered in United States of America and employs approximately 19,800 people. It has been publicly traded since 2000.