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Saturday 17 October 2026 Export EW’s income statement to Excel — free account

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. In the quarter to June 2026, revenue grew 13.6%, EPS fell 26.3%, free cash flow grew 142.8% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.

86.60 1.50 −1.70%
Market cap
$50.8B
P/E
49.8×
Fwd P/E
30.7×
Dividend yield
—
F-score
5/9
Altman Z
11.54
Beneish M
−2.48
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Edwards Lifesciences Corporation (EW) Debt to equity

Alert me on Debt to equity

Edwards Lifesciences Corporation's debt to equity at the end of the quarter to 30 June 2026 was 0.1×, down 0.0× from fiscal 2025 (0.1×). Over the past ten years it has ranged from 0.1× (fiscal 2025) to 0.4× (fiscal 2017) — the current reading is the lowest in ten years. That is below the Medical Devices industry median of 0.1× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.1× (2.53%)
FY2024 0.1× (33.11%)
FY2023 0.1× (13.53%)
FY2022 0.1× 0.59%
FY2021 0.1× (21.52%)
FY2020 0.1× (9.21%)
FY2019 0.1× (24.22%)
FY2018 0.2× (46.06%)
FY2017 0.4× 11.66%
FY2016 0.3× 31.66%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.1× (3.79%)
Mar 2026 0.1× 0.17%
Dec 2025 0.1× (1.19%)
Sep 2025 0.1× 3.90%
42 more quarters

Against its own ten years

Low 0.1× High 0.4×
Ten-year median 0.1×
Current reading's percentile 9

Debt to equity against peers

Company Debt to equity
EW Edwards Lifesciences Corporation 0.1×
STE STERIS plc compare 0.3×
DXCM DexCom, Inc. compare 0.5×
BSX Boston Scientific Corporation compare 0.5×
PHG Koninklijke Philips N.V. compare 0.6×
MDT Medtronic PLC compare 0.6×
ZBH Zimmer Biomet Holdings, Inc. compare 0.6×
SYK Stryker Corporation compare 0.6×
GEHC GE HealthCare Technologies Inc. compare 1.0×
Medical Devices industry median 0.1×
Healthcare sector median 0.0×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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