Edwards Lifesciences Corporation

EW Healthcare Medical Devices

Edwards Lifesciences Corporation’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 11.5% from fiscal 2024.

Revenue
+10.5%
EPS
+6.00%
Free cash flow
−1.84%
Total debt
+0.10%

Quarter to September 2026, against a year earlier

101.43 0.61 +0.61%
Market cap
$58.1B
P/E
56.7×
Fwd P/E
36.5×
Dividend yield
—
F-score
5/9
Altman Z
11.54
Beneish M
−2.48
Dividend safety
n/a

Edwards Lifesciences Corporation (EW) Current ratio

Alert me on Current ratio

Edwards Lifesciences Corporation's current ratio at the end of the quarter to 30 September 2026 was 4.6×, up 0.9× from fiscal 2025 (3.7×). Over the past ten years it has ranged from 1.8× (fiscal 2017) to 4.3× (fiscal 2015); the current reading is higher than 73% of that period. That is above the Medical Devices industry median of 2.7× and above the Healthcare sector median of 3.1×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 3.7× (11.02%)
FY2024 4.2× 23.69%
FY2023 3.4× 11.49%
FY2022 3.0× (1.73%)
FY2021 3.1× (10.89%)
FY2020 3.5× 4.57%
FY2019 3.3× 26.75%
FY2018 2.6× 45.32%
FY2017 1.8× (57.32%)
FY2016 4.2× (2.18%)

Quarterly newest first

Period Current ratio Change
Sep 2026 4.6× 1.65%
Jun 2026 4.5× 2.29%
Mar 2026 4.4× 18.98%
Dec 2025 3.7× (7.21%)
43 more quarters

Against its own ten years

Low 1.8× High 4.3×
Ten-year median 3.4×
Current reading's percentile 73

Current ratio against peers

Company Current ratio
EW Edwards Lifesciences Corporation 4.6×
SYK Stryker Corporation compare 2.2×
MDT Medtronic PLC compare 2.1×
STE STERIS plc compare 2.1×
DXCM DexCom, Inc. compare 1.7×
ZBH Zimmer Biomet Holdings, Inc. compare 1.5×
BSX Boston Scientific Corporation compare 1.4×
PHG Koninklijke Philips N.V. compare 1.3×
GEHC GE HealthCare Technologies Inc. compare 1.3×
Medical Devices industry median 2.7×
Healthcare sector median 3.1×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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