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

101.50 0.68 +0.67%
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) Net margin

Alert me on Net margin

Edwards Lifesciences Corporation's net margin over the twelve months to 30 September 2026 was 15.3%, down 2.4 percentage points from fiscal 2025 (17.7%). Over the past ten years it has ranged from 17.0% (fiscal 2017) to 76.8% (fiscal 2024); the current reading is higher than 18% of that period. That is above the Medical Devices industry median of −14.5% and above the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 17.7% (59.06)
FY2024 76.8% 48.76
FY2023 28.0% (6.10)
FY2022 34.1% 5.36
FY2021 28.7% 9.96
FY2020 18.8% (5.31)
FY2019 24.1% 4.68
FY2018 19.4% 2.41
FY2017 17.0% (2.23)
FY2016 19.2% (0.63)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 17.9% 4.03
Jun 2026 13.9% (9.20)
Mar 2026 23.1% 17.28
Dec 2025 5.81% (12.93)
43 more quarters

Against its own ten years

Low 17.0% High 76.8%
Ten-year median 19.9%
Current reading's percentile 2

Net margin against peers

Company Net margin
DXCM DexCom, Inc. compare 19.4%
BSX Boston Scientific Corporation compare 16.6%
EW Edwards Lifesciences Corporation 15.3%
MDT Medtronic PLC compare 13.9%
SYK Stryker Corporation compare 13.8%
STE STERIS plc compare 13.4%
GEHC GE HealthCare Technologies Inc. compare 9.95%
ZBH Zimmer Biomet Holdings, Inc. compare 8.95%
PHG Koninklijke Philips N.V. compare 5.34%
Medical Devices industry median −14.5%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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