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EW vs. FMS: Edwards Lifesciences vs. Fresenius Medical Care Stock Comparison

How do Edwards Lifesciences (EW) and Fresenius Medical Care (FMS) 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

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

Edwards Lifesciences (EW) trades as ordinary local shares, while Fresenius Medical Care (FMS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
Profile ItemEWFMS
NameEdwards Lifesciences CorporationFresenius Medical Care AG - Depositary Receipt
Country/RegionUnited StatesGermany
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & SuppliesHealth Care Providers & Services
GICS Sub-IndustryHealth Care EquipmentHealth Care Services
Market Capitalization58.73 billion USD12.15 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 27, 2000September 17, 1996
Security TypeCommon StockADR

Price Performance

Cumulative Growth

EW
FMS
GSPC
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS), 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 Edwards Lifesciences (EW) and Fresenius Medical Care (FMS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
MetricEWFMS
Total Return (1Y)25.08%-0.71%
Total Return (3Y, Annualized)17.28%13.88%
Total Return (5Y, Annualized)-2.77%-4.69%

Risk Profile

Drawdown History

EW
FMS
GSPC
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS), 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 Edwards Lifesciences (EW) and Fresenius Medical Care (FMS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
MetricEWFMS
Volatility (1Y, Annualized)25.58%30.61%
Beta (5Y)0.780.77
Max Drawdown (5Y)-54.32%-62.33%
Avg. Volume (3M)3.69M954.21K

Risk-Adjusted Performance

Risk-Return Positioning

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EW and FMS 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 Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
MetricEWFMS
Sharpe Ratio (1Y)0.81-0.16
Sortino Ratio (1Y)1.23-0.21

Profitability

ROE (TTM)

Both Edwards Lifesciences (EW) at 9.33% and Fresenius Medical Care (FMS) at 7.84% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

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%

FMS

Health Care Equipment & Services industry group

7.84%

Max
47.61%
Q3
14.36%
FMS
7.84%
Median
5.45%
Q1
-10.67%
Min
-47.01%
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): 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 Fresenius Medical Care (FMS) at 4.22%, which keeps about the industry-typical share.

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%

FMS

Health Care Equipment & Services industry group

4.22%

Max
29.35%
Q3
9.33%
FMS
4.22%
Median
2.18%
Q1
-6.29%
Min
-28.46%
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): 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 Fresenius Medical Care (FMS) at 9.63%, which runs around its industry’s norm.

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%

FMS

Health Care Equipment & Services industry group

9.63%

Max
35.43%
Q3
14.14%
FMS
9.63%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
MetricEWFMS
ROE (TTM)9.33%7.84%
ROA (TTM)8.77%3.94%
Net Margin (TTM)15.30%4.22%
Operating Margin (TTM)30.15%9.63%
Gross Margin (TTM)78.02%26.46%

Growth

Revenue Growth

Edwards Lifesciences (EW) at 11.55% is around its peer norm for revenue growth, while Fresenius Medical Care (FMS) at 1.51% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Fresenius Medical Care (FMS) at 83.61% sits in the top EPS growth quartile, while Edwards Lifesciences (EW) at -73.74% is in the bottom quartile, showing a clear gap in earnings momentum.

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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
MetricEWFMS
Revenue Growth (YoY)11.55%1.51%
Revenue Growth (3Y CAGR)10.77%0.39%
EPS Growth (YoY)-73.74%83.61%
EPS Growth (3Y CAGR)-9.14%13.47%

Financial Strength

Current Ratio (MRQ)

Edwards Lifesciences (EW) at 4.60 carries current ratio above its industry’s typical mid-range, while Fresenius Medical Care (FMS) at 0.99 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

FMS

Health Care Equipment & Services industry group

0.99

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
FMS
0.99
Min
0.30
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): 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 Fresenius Medical Care (FMS) at 0.79 runs a more typical debt-to-equity mix.

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

FMS

Health Care Equipment & Services industry group

0.79

Max
1.88
Q3
0.91
FMS
0.79
Median
0.58
Q1
0.16
Min
0.00
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
MetricEWFMS
Current Ratio (MRQ)4.600.99
Debt / Equity (MRQ)0.060.79
Net Debt / EBITDA-1.883.63

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 Fresenius Medical Care (FMS) reports a yield of 6.30%, ranking against industry peers normally.

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%

FMS

Health Care Equipment & Services industry group

6.30%

FMS
6.30%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): 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 Fresenius Medical Care (FMS) reports a payout of 50.14%, ranking against industry peers normally.

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%

FMS

Health Care Equipment & Services industry group

50.14%

FMS
50.14%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
MetricEWFMS
Dividend Yield (TTM)0.00%6.30%
Dividend Payout Ratio (TTM)0.00%50.14%

Valuation

P/E Ratio (TTM)

Fresenius Medical Care (FMS) at 13.53 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.

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

FMS

Health Care Equipment & Services industry group

13.53

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
FMS
13.53
Min
4.21
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Fresenius Medical Care (FMS) at 0.62 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.

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

FMS

Health Care Equipment & Services industry group

0.62

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
FMS
0.62
Min
0.03
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Fresenius Medical Care (FMS) at 0.85 sits in the lower P/B ratio quartile against book while Edwards Lifesciences (EW) at 5.41 is valued near its industry’s middle — FMS is cheaper on assets, though weigh it against ROE and asset quality.

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

FMS

Health Care Equipment & Services industry group

0.85

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
FMS
0.85
Min
-1.31
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Edwards Lifesciences (EW) vs. Fresenius Medical Care (FMS): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Edwards Lifesciences (EW) and Fresenius Medical Care (FMS)
MetricEWFMS
P/E Ratio (TTM)59.3813.53
P/S Ratio (TTM)8.800.62
P/B Ratio (MRQ)5.410.85
Free Cash Flow Yield (TTM)1.95%12.29%