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Edwards Lifesciences EW Operating margin

Operating margin at other companies

Abbott logo
AbbottABT
17.1%+0.2pp
Boston Scientific logo
Boston ScientificBSX
18.4%+2.2pp
Medtronic logo
MedtronicMDT
17.8%0.0pp
Stryker logo
StrykerSYK
19.7%+4.4pp
Johnson & Johnson logo
Johnson & JohnsonJNJ
26.4%+2.8pp
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
12.6%-1.1pp

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$49.91B+8.7%
Enterprise value$48.17B+11.0%
P/E45.5×+34.6×
P/S7.9×-0.4×

Profitability

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Gross margin77.9%-1.6pp
Net margin17.4%-58.3pp

Returns & leverage

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

Where this comes from

Calculated from Edwards Lifesciences’s reported figures.

Based on trailing twelve months.

The official record: Edwards Lifesciences’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Edwards Lifesciences's operating margin?
Edwards Lifesciences (EW) reported operating margin of 21.4% in Q1 2026.
How has Edwards Lifesciences's operating margin changed year-over-year?
Edwards Lifesciences's operating margin decreased by 17.2% year-over-year, from 25.8% to 21.4%.
What is the long-term trend for Edwards Lifesciences's operating margin?
Over 4 years (2021 to 2025), Edwards Lifesciences's operating margin has grown at a -5.0% compound annual growth rate (CAGR), from 118.9% to 96.7%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.