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ELV vs. EW: Elevance Health vs. Edwards Lifesciences Stock Comparison

How do Elevance Health (ELV) and Edwards Lifesciences (EW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Elevance Health (ELV) and Edwards Lifesciences (EW) both fall under the Health Care Equipment & Services industry group, but ELV is classified in Health Care Providers & Services while EW is classified in Health Care Equipment & Supplies.

Company profile comparison for Elevance Health (ELV) and Edwards Lifesciences (EW)
Profile ItemELVEW
NameElevance Health, Inc.Edwards Lifesciences Corporation
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Equipment & Supplies
GICS Sub-IndustryManaged Health CareHealth Care Equipment
Market Capitalization91.96 billion USD58.73 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 30, 2001March 27, 2000
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ELV
EW
GSPC
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Elevance Health (ELV) vs. Edwards Lifesciences (EW), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Elevance Health (ELV) and Edwards Lifesciences (EW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Elevance Health (ELV) and Edwards Lifesciences (EW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Elevance Health (ELV) and Edwards Lifesciences (EW)
MetricELVEW
Total Return (1Y)35.51%25.08%
Total Return (3Y, Annualized)-0.68%17.28%
Total Return (5Y, Annualized)1.10%-2.77%

Risk Profile

Drawdown History

ELV
EW
GSPC
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Elevance Health (ELV) vs. Edwards Lifesciences (EW), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Elevance Health (ELV) and Edwards Lifesciences (EW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Elevance Health (ELV) and Edwards Lifesciences (EW)
MetricELVEW
Volatility (1Y, Annualized)35.05%25.58%
Beta (5Y)0.610.78
Max Drawdown (5Y)-50.38%-54.32%
Avg. Volume (3M)1.19M3.69M

Risk-Adjusted Performance

Risk-Return Positioning

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ELV and EW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Elevance Health (ELV) and Edwards Lifesciences (EW)
MetricELVEW
Sharpe Ratio (1Y)0.890.81
Sortino Ratio (1Y)1.251.23

Profitability

ROE (TTM)

Both Elevance Health (ELV) at 11.48% and Edwards Lifesciences (EW) at 9.33% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

ELV

Health Care Equipment & Services industry group

11.48%

Max
47.61%
Q3
14.36%
ELV
11.48%
Median
5.45%
Q1
-10.67%
Min
-47.01%

EW

Health Care Equipment & Services industry group

9.33%

Max
47.61%
Q3
14.36%
EW
9.33%
Median
5.45%
Q1
-10.67%
Min
-47.01%
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Edwards Lifesciences (EW) at 15.30% retains a top-quartile share of revenue as profit, ahead of Elevance Health (ELV) at 2.55%, which keeps about the industry-typical share.

ELV

Health Care Equipment & Services industry group

2.55%

Max
29.35%
Q3
9.33%
ELV
2.55%
Median
2.18%
Q1
-6.29%
Min
-28.46%

EW

Health Care Equipment & Services industry group

15.30%

Max
29.35%
EW
15.30%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Edwards Lifesciences (EW) at 30.15% operates in the top operating margin quartile, ahead of Elevance Health (ELV) at 4.22%, which runs around its industry’s norm.

ELV

Health Care Equipment & Services industry group

4.22%

Max
35.43%
Q3
14.14%
Median
6.81%
ELV
4.22%
Q1
-0.28%
Min
-16.29%

EW

Health Care Equipment & Services industry group

30.15%

Max
35.43%
EW
30.15%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Elevance Health (ELV) and Edwards Lifesciences (EW)
MetricELVEW
ROE (TTM)11.48%9.33%
ROA (TTM)4.01%8.77%
Net Margin (TTM)2.55%15.30%
Operating Margin (TTM)4.22%30.15%
Gross Margin (TTM)26.43%78.02%

Growth

Revenue Growth

Both Elevance Health (ELV) at 12.62% and Edwards Lifesciences (EW) at 11.55% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Elevance Health (ELV) at -1.83% is around its peer norm for EPS growth, while Edwards Lifesciences (EW) at -73.74% drops into the bottom quartile, signaling weaker earnings momentum.

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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Elevance Health (ELV) and Edwards Lifesciences (EW)
MetricELVEW
Revenue Growth (YoY)12.62%11.55%
Revenue Growth (3Y CAGR)8.34%10.77%
EPS Growth (YoY)-1.83%-73.74%
EPS Growth (3Y CAGR)0.53%-9.14%

Financial Strength

Current Ratio (MRQ)

Elevance Health (ELV) at 1.47 keeps current ratio within its industry’s typical mid-range, while Edwards Lifesciences (EW) at 4.60 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

ELV

Health Care Equipment & Services industry group

1.47

Max
7.59
Q3
4.00
Median
1.98
ELV
1.47
Q1
1.37
Min
0.30

EW

Health Care Equipment & Services industry group

4.60

Max
7.59
EW
4.60
Q3
4.00
Median
1.98
Q1
1.37
Min
0.30
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Edwards Lifesciences (EW) at 0.06 keeps leverage in the lower industry quartile, while Elevance Health (ELV) at 0.69 runs a more typical debt-to-equity mix.

ELV

Health Care Equipment & Services industry group

0.69

Max
1.88
Q3
0.91
ELV
0.69
Median
0.58
Q1
0.16
Min
0.00

EW

Health Care Equipment & Services industry group

0.06

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
EW
0.06
Min
0.00
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Elevance Health (ELV) and Edwards Lifesciences (EW)
MetricELVEW
Current Ratio (MRQ)1.474.60
Debt / Equity (MRQ)0.690.06
Net Debt / EBITDA-0.81-1.88

Dividends

Dividend Yield (TTM)

Edwards Lifesciences (EW) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Elevance Health (ELV) reports a yield of 1.59%, ranking against industry peers normally.

ELV

Health Care Equipment & Services industry group

1.59%

ELV
1.59%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

EW

Health Care Equipment & Services industry group

0.00%

EW
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Edwards Lifesciences (EW) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Elevance Health (ELV) reports a payout of 29.17%, ranking against industry peers normally.

ELV

Health Care Equipment & Services industry group

29.17%

ELV
29.17%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

EW

Health Care Equipment & Services industry group

0.00%

EW
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Elevance Health (ELV) and Edwards Lifesciences (EW)
MetricELVEW
Dividend Yield (TTM)1.59%0.00%
Dividend Payout Ratio (TTM)29.17%0.00%

Valuation

P/E Ratio (TTM)

Elevance Health (ELV) at 18.07 sits in the cheaper P/E ratio quartile, while Edwards Lifesciences (EW) at 59.38 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

ELV

Health Care Equipment & Services industry group

18.07

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
ELV
18.07
Min
4.21

EW

Health Care Equipment & Services industry group

59.38

Max
80.41
EW
59.38
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Elevance Health (ELV) at 0.46 looks cheap on sales in the lower P/S ratio quartile, while Edwards Lifesciences (EW) at 8.80 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

ELV

Health Care Equipment & Services industry group

0.46

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
ELV
0.46
Min
0.03

EW

Health Care Equipment & Services industry group

8.80

EW
8.80
Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
Min
0.03
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Elevance Health (ELV) at 2.06 and Edwards Lifesciences (EW) at 5.41 are valued close to their industries’ norm against book — neither stands out from peers.

ELV

Health Care Equipment & Services industry group

2.06

Max
11.68
Q3
6.12
Median
3.00
ELV
2.06
Q1
1.73
Min
-1.31

EW

Health Care Equipment & Services industry group

5.41

Max
11.68
Q3
6.12
EW
5.41
Median
3.00
Q1
1.73
Min
-1.31
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Elevance Health (ELV) vs. Edwards Lifesciences (EW): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Elevance Health (ELV) and Edwards Lifesciences (EW)
MetricELVEW
P/E Ratio (TTM)18.0759.38
P/S Ratio (TTM)0.468.80
P/B Ratio (MRQ)2.065.41
Free Cash Flow Yield (TTM)8.69%1.95%