Edwards Lifesciences Corporation EW
- Market cap
- $49.4B
- P/E
- 49.6×
Follow EW
Edwards Lifesciences Corporation (EW) Price to free cash flow
As of 25 September 2026, Edwards Lifesciences Corporation (EW) trades at a price to free cash flow of 35.4×. Over the past ten years it has ranged from 14.3× (January 2015) to 226× (April 2024); the current reading is higher than 8% of that period. That is above the Medical Devices industry median of 22.5× and above the Healthcare sector median of 19.5×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 38.2× | (77.56%) |
| FY2024 | 170× | 133.75% |
| FY2023 | 72.8× | 50.36% |
| FY2022 | 48.4× | (15.90%) |
| FY2021 | 57.6× | (35.12%) |
| FY2020 | 88.8× | 65.28% |
| FY2019 | 53.7× | 14.82% |
| FY2018 | 46.8× | 62.79% |
| FY2017 | 28.7× | (31.75%) |
| FY2016 | 42.1× | 6.69% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 37.1× | (15.14%) |
| Mar 2026 | 43.8× | 14.59% |
| Dec 2025 | 38.2× | (34.96%) |
| Sep 2025 | 58.7× | (28.62%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| PHG Koninklijke Philips N.V. compare | 12.9× |
| ZBH Zimmer Biomet Holdings, Inc. compare | 16.9× |
| BSX Boston Scientific Corporation compare | 17.8× |
| MDT Medtronic PLC compare | 18.5× |
| GEHC GE HealthCare Technologies Inc. compare | 19.1× |
| STE STERIS plc compare | 21.8× |
| SYK Stryker Corporation compare | 22.2× |
| DXCM DexCom, Inc. compare | 23.6× |
| EW Edwards Lifesciences Corporation | 35.4× |
| Medical Devices industry median | 22.5× |
| Healthcare sector median | 19.5× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on EW
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement