Edwards Lifesciences Corp logo

Edwards Lifesciences Corp(EW)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$86.29
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for EW

09/25/2026: EW (1-star) is currently NOT-A-BUY. Pass it for now.

Edwards Lifesciences is a preeminent medical device company focused on structural heart therapies, particularly transcatheter heart valve replacement and repair technologies. The company is known for its high-margin profile and a proven track record of clinical innovation, which has established it as a major player in the global cardiovascular space. Its growth narrative is centered on the ongoing adoption of minimally invasive procedures for a widening range of patients. While its market leadership and strong clinical evidence are distinct strengths, the company faces notable competition and risks related to product concentration and regulatory pressures. It is best suited for growth-oriented investors looking for exposure to specialized healthcare innovation.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitEdwards is a primary player in the expanding structural heart market, offering sustained growth potential through innovative medical devices.
Momentum investorStrong fit while signal remains positiveThe company's stock often responds positively to clinical trial successes and regulatory approvals for its heart valve platforms.
Value investorMixed fitThe shares typically command a premium valuation due to high growth prospects, which may limit appeal for traditional value-oriented investors.
Dividend investorWeak fitEdwards does not pay a dividend, making it unsuitable for investors seeking regular income streams.
Low-risk investorMixed fitWhile the business quality is high, the stock's sensitivity to sector-specific regulatory news and high growth multiples can induce price volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highAs a high-growth medical device stock, EW can experience significant price swings based on trial results and competitive updates.
Valuation riskMedium / highThe market often prices the stock at a premium, creating risk if growth targets are missed or multiples compress.
Competition risk (Structural Heart)HighRivals like Abbott and Medtronic invest heavily to challenge Edwards’ leadership in the TAVR and TMTT markets.
Business qualityStrongThe company possesses high barriers to entry due to deep clinical expertise, patent moats, and specialized manufacturing capabilities.
Dividend incomeLow / noneInvestors should not rely on this stock for cash distributions as capital is focused on innovation.
Execution riskMediumSuccessful commercialization of new transcatheter therapies depends on complex clinical execution and physician adoption curves.

Price Behavior

Steady Uptrend
PRICE PATH

Steady Uptrend

The stock demonstrates consistent and steady upward price momentum.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit -6.85%
Avg. Invested days 48
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
EW receives a 4-star rating, supported by strong unit economics, solid company fundamentals, and strong analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
EW has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong cash generation (FCF margin 22.0%) and solid revenue growth (+11.5%) are partially offset by negative earnings growth (-74.3%), very low insider ownership of 0.19%.

Financial Health Rating

★★★★★
EW's financial health is supported by strong cash strength, including free-cash-flow generation of $1.3B (22.0% of revenue). Operating efficiency is solid (4 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is EW's strongest growth driver at +360.5% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+11.5%, solid) is also solid, while earnings growth (-74.3%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 95.7% and approximately 99.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.19%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 9.12%
Vanguard Capital Management, LLC 6.55%
Vanguard Portfolio Management, LLC 4.58%
State Street Corp 4.56%
JPMorgan Chase & Co 3.77%

Unit Economics (Per $1K Revenue)

★★★★★
EW generates approximately $781 of gross profit, $270 of operating income, and $220 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 17.04%

Quantitative Style Profile

★★★★★
EW has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Quality TiltLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 49.74B USD
Price to earnings Ratio 51.36
1Y Target Price 100.96
Price to earnings Ratio 51.36
1Y Target Price 100.96
Volume (30-day avg) 3.1M shares
Beta 0.85
52 Weeks Range 72.30 - 96.29
Updated Date 09/26/2026
52 Weeks Range 72.30 - 96.29
Updated Date 09/26/2026
Dividends yield (FY) -
Basic EPS (TTM) 1.68

How Company Makes Money

Business areaWhat it includesRetail investor read
Transcatheter Aortic Valve Replacement (TAVR)SAPIEN family of valves and delivery systems.This is the primary revenue driver, selling advanced heart valves that replace the need for traditional open-heart surgery.
Transcatheter Mitral and Tricuspid Therapies (TMTT)PASCAL, EVOQUE, and other valve repair/replacement products.This is the main growth engine, providing new ways to treat complex mitral and tricuspid heart valve issues.
Surgical Structural HeartTraditional surgical valves and repair accessories.Provides stable, long-term revenue through mature surgical valve products used in standard heart operations.
GeographyGlobal sales split between the US, Europe, and Asia-Pacific.International expansion, particularly in high-growth Asian markets, is a key component of the company's long-term revenue strategy.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 51.36
Forward PE 25.64
Enterprise Value 46.49B
Price to Sales(TTM) 7.64
Enterprise Value 46.49B
Price to Sales(TTM) 7.64
Enterprise Value to Revenue 7.14
Enterprise Value to EBITDA 28.14
Shares Outstanding 576.40M
Shares Floating 574.49M
Shares Outstanding 576.40M
Shares Floating 574.49M
Percent Insiders 0.19
Percent Institutions 95.73

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Edwards Lifesciences Corp

Exchange NYSE
Headquarters Irvine, CA, United States
IPO Launch date 2000-03-27
CEO & Director Mr. Bernard J. Zovighian
Sector Healthcare
Industry Medical Devices
Full time employees 16000
Full time employees 16000

Edwards Lifesciences Corporation provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally. It offers transcatheter heart valve replacement products for minimally invasive replacement of aortic heart valves under the Edwards SAPIEN family of valves system; and transcatheter heart valve repair and replacement products to treat mitral and tricuspid valve diseases under the PASCAL and EVOQUE brands. The company also provides surgical structural heart solutions, such as aortic surgical valve under the INSPIRIS brand name; INSPIRIS RESILIA aortic valve, which offers RESILIA tissue and VFit technology; KONECT RESILIA, a pre-assembled tissue valve conduit for complex combined procedures; and MITRIS RESILIA valve. It distributes its products through a direct sales force and independent distributors. Edwards Lifesciences Corporation was founded in 1958 and is headquartered in Irvine, California.