Edwards Lifesciences Corp
Edwards Lifesciences Corp
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 2,446 | 2,938 | 2,686 | 3,273 | 3,141 | 3,045 | 3,676 | 1,645 | 1,225 | 1,132 | 1,410 | 1,043 | |||||
Short Term Investments | 1,226 | 1,288 | 1,156 | 789 | 758 | 931 | 770 | 345 | 473 | 501 | 454 | 467 | |||||
Accounts Receivable Net Current | 776 | 660 | 693 | 697 | 669 | 609 | 716 | 778 | 818 | 772 | 740 | 754 | |||||
Other Receivables Net Current | 197 | 253 | 200 | 206 | 83 | 118 | 96 | 56 | 59 | 57 | - | - | |||||
Other Receivables | - | - | - | - | - | - | - | - | - | 62 | 62 | 63 | |||||
Inventory Net | 1,119 | 1,126 | 1,141 | 1,142 | 1,114 | 1,087 | 1,104 | 1,025 | 1,207 | 904 | 1,032 | 980 | |||||
Prepaid Expense Current | 136 | 135 | 125 | 110 | 111 | 121 | 115 | 110 | 138 | 129 | 133 | 123 | |||||
Other Assets Current | 330 | 339 | 323 | 314 | 305 | 348 | 231 | 252 | 251 | 225 | 236 | 217 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | 0 | 35 | 46 | 33 | 27 | 20 | 305 | - | 318 | - | - | |||||
Assets Current | 6,229 | 6,739 | 6,359 | 6,577 | 6,213 | 6,285 | 6,728 | 4,516 | 4,171 | 4,036 | 4,068 | 3,647 | |||||
Long Term Investments | 286 | 279 | 275 | 299 | 278 | 308 | 320 | 353 | 456 | 584 | 705 | 856 | |||||
Property Plant And Equipment Net | 1,823 | 1,812 | 1,743 | 1,727 | 1,698 | 1,686 | 1,676 | 1,640 | 1,768 | 1,591 | 1,681 | 1,662 | |||||
Operating Lease Right Of Use Asset | 99 | 103 | 97 | 99 | 97 | 98 | 104 | 93 | 98 | 84 | 91 | 85 | |||||
Goodwill | 1,820 | 1,769 | 1,769 | 1,777 | 1,779 | 1,777 | 1,605 | 1,151 | 1,253 | 1,145 | 1,297 | 1,300 | |||||
Intangible Assets Net Excluding Goodwill | 1,228 | 1,128 | 1,131 | 1,173 | 1,175 | 1,177 | 956 | 417 | 447 | 399 | 430 | 431 | |||||
Deferred Income Tax Assets Net | 1,098 | 1,138 | 1,100 | 1,082 | 1,028 | 992 | 888 | 833 | 777 | 749 | 652 | 611 | |||||
Other Assets Noncurrent | 739 | 730 | 785 | 743 | 743 | 722 | 684 | 790 | 768 | 463 | 447 | 412 | |||||
Disposal Group Including Discontinued Operation As… | - | 0 | 15 | 13 | 12 | 11 | 11 | 307 | - | 311 | - | - | |||||
Assets | 13,321 | 13,697 | 13,272 | 13,489 | 13,022 | 13,055 | 12,971 | 10,099 | 9,736 | 9,363 | 9,371 | 9,004 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 181 | 228 | 165 | 162 | 172 | 197 | 173 | 186 | 212 | 187 | 191 | 193 | |||||
Operating Lease Liability Current | 24 | 25 | 27 | 26 | 24 | 23 | 24 | 22 | 25 | 23 | 24 | 24 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | 0 | 2 | 2 | 2 | 2 | 2 | 107 | - | 130 | - | - | |||||
Liabilities Current | 1,409 | 1,814 | 1,588 | 1,405 | 1,395 | 1,505 | 1,944 | 1,217 | 1,111 | 1,195 | 1,239 | 1,157 | |||||
Long Term Debt Noncurrent | 599 | 598 | 598 | 598 | 598 | 598 | 598 | 597 | 597 | 597 | 597 | 597 | |||||
Operating Lease Liability Noncurrent | 80 | 83 | 75 | 79 | 78 | 79 | 85 | 74 | 77 | 65 | 70 | 64 | |||||
Business Combination Contingent Consideration Liab… | - | - | - | - | - | 15 | - | - | - | 0 | 0 | 0 | |||||
Liability For Uncertain Tax Positions Noncurrent | 555 | 503 | 443 | 422 | 403 | 385 | 346 | 343 | 337 | 335 | 312 | 304 | |||||
Taxes Payable Current And Noncurrent | - | - | - | - | - | 1 | 1 | 1 | 80 | 81 | 81 | 81 | |||||
Litigation Reserve Noncurrent | - | 0 | - | - | - | 53 | 64 | 75 | 82 | 94 | 104 | 113 | |||||
Other Liabilities Noncurrent | 351 | 362 | 363 | 379 | 358 | 373 | 323 | 257 | 267 | 251 | 240 | 243 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | 0 | - | - | 0 | 0 | 30 | - | 25 | - | - | |||||
Liabilities | 2,994 | 3,360 | 3,067 | 2,882 | 2,831 | 2,992 | 3,360 | 2,595 | 2,550 | 2,644 | 2,644 | 2,558 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 660 | 659 | 658 | 658 | 656 | 655 | 654 | 654 | 652 | 651 | 650 | 649 | |||||
Additional Paid In Capital Common Stock | 2,782 | 2,768 | 2,697 | 2,750 | 2,653 | 2,613 | 2,452 | 2,476 | 2,380 | 2,274 | 2,211 | 2,146 | |||||
Retained Earnings Accumulated Deficit | 14,621 | 14,241 | 14,149 | 13,858 | 13,525 | 13,167 | 12,781 | 9,711 | 9,344 | 8,992 | 8,623 | 8,238 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -221 | -238 | -250 | -264 | -255 | -245 | -253 | -220 | -233 | -243 | -250 | -256 | |||||
Treasury Stock Common Value | -7,514 | -7,092 | -7,050 | -6,456 | -6,451 | -6,192 | -6,090 | -5,183 | -5,025 | -5,025 | -4,576 | -4,401 | |||||
Stockholders Equity | 10,328 | 10,338 | 10,205 | 10,545 | 10,129 | 10,063 | 9,546 | 7,505 | 7,118 | 6,650 | 6,727 | 6,376 | |||||
Minority Interest | - | 0 | 0 | 61 | 63 | 65 | 66 | 67 | 69 | 69 | 70 | 71 | |||||
Liabilities And Stockholders Equity | 13,321 | 13,697 | 13,272 | 13,489 | 13,022 | 13,055 | 12,971 | 10,099 | 9,736 | 9,363 | 9,371 | 9,004 | |||||
Allowance For Doubtful Accounts Receivable Current | 16 | 15 | 13 | 13 | 13 | 12 | 13 | 14 | 14 | 8 | 8 | 8 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Common Stock Shares Authorized | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | 1,050 | |||||
Common Stock Shares Issued | 660 | 659 | 658 | 658 | 656 | 655 | 654 | 654 | 652 | 651 | 650 | 649 | |||||
Shares Outstanding | 577 | 581 | 581 | 588 | 586 | 589 | 590 | 602 | 602 | 601 | 607 | 608 | |||||
Treasury Stock Common Shares | 83 | 78 | 78 | 70 | 70 | 66 | 65 | 51 | 49 | 49 | 43 | 41 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.93% | 9.11% | -0.69% | - | - | - | - | - | - | - | - | - |
| 2025 | 4.40% | 4.39% | 6.78% | 3.47% | -3.00% | -3.19% | 4.62% | 4.84% | 0.99% | -1.08% | -2.89% | -2.42% |
| 2024 | 2.36% | 5.76% | 0.64% | 12.42% | 6.00% | 11.45% | 8.52% | 15.06% | 4.93% | -1.62% | -0.13% | 8.91% |
| 2023 | - | - | - | -8.55% | -12.59% | -15.48% | 8.41% | 24.62% | 19.96% | 5.76% | 6.40% | -2.15% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 4.42 | 3.72 | 4.00 | 4.68 | 4.45 | 4.18 | 3.46 | 3.71 | 3.75 | 3.38 | 3.28 | 3.15 | |||||
| Quick Ratio | 3.53 | 3.02 | 3.21 | 3.79 | 3.58 | 3.37 | 2.83 | 2.78 | 2.54 | 2.51 | 2.34 | 2.20 | |||||
| Working Capital | 4.82B | 4.93B | 4.77B | 5.17B | 4.82B | 4.78B | 4.78B | 3.30B | 3.06B | 2.84B | 2.83B | 2.49B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.29 | 0.32 | 0.30 | 0.27 | 0.28 | 0.30 | 0.35 | 0.35 | 0.36 | 0.39 | 0.39 | 0.40 | |||||
| Interest Coverage TTM | 17.72 | 11.24 | 12.67 | 14.96 | 18.67 | 24.49 | 24.11 | 29.14 | 31.19 | 39.91 | 44.68 | 61.06 | |||||
| Debt Ratio | 0.22 | 0.25 | 0.23 | 0.21 | 0.22 | 0.23 | 0.26 | 0.26 | 0.26 | 0.28 | 0.28 | 0.28 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.48 | 0.45 | 0.45 | 0.48 | 0.49 | 0.49 | 0.45 | 0.52 | 0.53 | 0.57 | 0.59 | 0.62 | |||||
| Days Sales Outstanding TTM | 41.83 | 38.16 | 43.71 | 47.36 | 49.14 | 46.32 | 52.45 | 56.46 | 57.41 | 51.53 | 46.35 | 46.81 | |||||
| Receivables Turnover TTM | 8.73 | 9.57 | 8.35 | 7.71 | 7.43 | 7.88 | 6.96 | 6.46 | 6.36 | 7.08 | 7.88 | 7.80 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.89 | 1.83 | 2.33 | 7.05 | 7.11 | 6.97 | 6.95 | 2.44 | 2.34 | 2.30 | 2.35 | 2.27 | |||||
| Free Cash Flow Per Share TTM | 1.88 | 2.28 | 1.38 | 1.00 | 1.08 | 0.49 | 0.86 | 0.95 | 0.45 | 1.06 | 1.33 | 1.16 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 77.87% | 78.01% | 78.19% | 78.87% | 79.50% | 79.46% | 80.91% | 80.74% | 80.82% | 80.47% | 79.52% | 79.75% | |||||
| Operating Profit Margin TTM | 21.37% | 20.84% | 24.23% | 25.84% | 25.80% | 25.35% | 26.79% | 27.70% | 26.01% | 26.13% | 27.41% | 27.70% | |||||
| Net Profit Margin TTM | 17.42% | 17.69% | 23.19% | 72.91% | 75.69% | 76.75% | 82.12% | 29.75% | 28.95% | 27.99% | 26.73% | 25.60% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 14.15% | 11.55% | 16.16% | 14.75% | 13.15% | 8.57% | -5.27% | -8.63% | -11.28% | -6.92% | -0.32% | 1.26% | |||||
| Net Income Growth (1Y) | -73.74% | -74.28% | -67.19% | 181.28% | 195.85% | 197.68% | 191.02% | 6.18% | -5.10% | -7.85% | -2.02% | -4.64% | |||||
| EPS Growth (1Y) | -73.39% | -73.72% | -66.49% | 188.51% | 203.26% | 202.16% | 195.80% | 7.03% | -4.17% | -5.98% | 0.04% | -2.44% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 42.25 | 46.44 | 33.32 | 11.08 | 10.18 | 10.60 | 9.47 | 37.74 | 40.69 | 32.99 | 29.42 | 41.25 | |||||
| P/B TTM | 4.49 | 4.82 | 4.46 | 4.35 | 4.20 | 4.40 | 4.13 | 7.41 | 8.08 | 6.88 | 6.25 | 8.98 | |||||
| P/S TTM | 7.36 | 8.22 | 7.73 | 8.08 | 7.70 | 8.13 | 7.78 | 11.23 | 11.78 | 9.23 | 7.87 | 10.56 | |||||
| Market Cap | 46.38B | 49.85B | 45.47B | 45.91B | 42.54B | 44.25B | 39.41B | 55.62B | 57.49B | 46.26B | 42.05B | 57.25B | |||||
| Enterprise Value | 44.53B | 47.51B | 43.38B | 43.22B | 39.99B | 41.79B | 36.32B | 54.56B | 56.86B | 45.71B | 41.24B | 56.80B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.09B | 1.34B | 804.20M | 587.90M | 633.10M | 289.90M | 515.50M | 571.80M | 271.40M | 642.80M | 808.40M | 702.20M | |||||
| Net Debt | -1.85B | -2.34B | -2.10B | -2.69B | -2.55B | -2.46B | -3.09B | -1.06B | -631.80M | -551.00M | -817.10M | -450.80M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
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| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
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| EV EBITDA TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Edwards Lifesciences Corp (EW) — SEC Financial Statements & Analysis
Edwards Lifesciences Corp (EW) is a orthopedic, prosthetic & surgical appliances & supplies company, incorporated in DE. Edwards Lifesciences Corp trades on EW: NYSE as: EW. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), Edwards Lifesciences Corp reported a 14.15% year-over-year revenue growth, a Gross Profit Margin of 77.87% (TTM), a Debt-to-Equity ratio of 0.29x, a Price-to-Sales (P/S) ratio of 7.36x (TTM), a Price-to-Book (P/B) ratio of 4.49 (TTM), at a market cap of $46.38B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 14.15%
- Gross Profit Margin TTM
- 77.87%
- Debt To Equity
- 0.29x
- P/S TTM
- 7.36x
- P/B TTM
- 4.49
- Market Cap
- $46.38B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Edwards Lifesciences Corp in?
Edwards Lifesciences Corp (EW) operates in the Orthopedic, Prosthetic & Surgical Appliances & Supplies industry.
What is EW's market cap?
Edwards Lifesciences Corp (EW) has a market capitalization of $46.38B as of 2026-03-31.
What is EW's P/E ratio?
Edwards Lifesciences Corp (EW)'s trailing twelve month P/E ratio is 42.25x as of 2026-03-31.
What exchange does EW trade on?
Edwards Lifesciences Corp (EW) trades on the EW: NYSE.
Where is Edwards Lifesciences Corp incorporated?
Edwards Lifesciences Corp is incorporated in DE.