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) Gross margin

Alert me on Gross margin

Edwards Lifesciences Corporation's gross margin over the twelve months to 30 September 2026 was 78.0%, up 0.0 percentage points from fiscal 2025 (78.0%). Over the past ten years it has ranged from 73.1% (fiscal 2016) to 83.8% (fiscal 2022); the current reading is higher than 73% of that period. That is above the Medical Devices industry median of 57.8% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 78.0% (1.45)
FY2024 79.5% (1.01)
FY2023 80.5% (3.32)
FY2022 83.8% 7.66
FY2021 76.1% 0.77
FY2020 75.4% 0.99
FY2019 74.4% (0.40)
FY2018 74.8% 0.25
FY2017 74.5% 1.43
FY2016 73.1% (2.16)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 78.5% 1.02
Jun 2026 77.5% (0.55)
Mar 2026 78.0% (0.14)
Dec 2025 78.2% 0.38
43 more quarters

Against its own ten years

Low 73.1% High 83.8%
Ten-year median 75.4%
Current reading's percentile 70

Gross margin against peers

Company Gross margin
EW Edwards Lifesciences Corporation 78.0%
ZBH Zimmer Biomet Holdings, Inc. compare 69.7%
BSX Boston Scientific Corporation compare 69.1%
SYK Stryker Corporation compare 65.3%
MDT Medtronic PLC compare 65.0%
DXCM DexCom, Inc. compare 63.4%
PHG Koninklijke Philips N.V. compare 46.4%
STE STERIS plc compare 44.6%
GEHC GE HealthCare Technologies Inc. compare 40.0%
Medical Devices industry median 57.8%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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