EW vs. GEHC: Edwards Lifesciences vs. GE HealthCare Stock Comparison
How do Edwards Lifesciences (EW) and GE HealthCare (GEHC) 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 GE HealthCare (GEHC) are both classified in the Health Care Equipment sub-industry within the broader Health Care Equipment & Supplies industry, placing them in the closest GICS peer bucket.
Edwards Lifesciences (EW) has more than two decades of public-market history since March 27, 2000, whereas GE HealthCare (GEHC) listed on December 15, 2022 and has a much shorter record to draw on.
| Profile Item | EW | GEHC |
|---|---|---|
| Name | Edwards Lifesciences Corporation | GE HealthCare Technologies Inc. |
| Country/Region | United States | United States |
| GICS Sector | Health Care | Health Care |
| GICS Industry Group | Health Care Equipment & Services | Health Care Equipment & Services |
| GICS Industry | Health Care Equipment & Supplies | Health Care Equipment & Supplies |
| GICS Sub-Industry | Health Care Equipment | Health Care Equipment |
| Market Capitalization | 58.73 billion USD | 37.25 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | March 27, 2000 | December 15, 2022 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | EW | GEHC |
|---|---|---|
| Total Return (1Y) | 25.08% | 14.21% |
| Total Return (3Y, Annualized) | 17.28% | 7.01% |
| Total Return (5Y, Annualized) | -2.77% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | EW | GEHC |
|---|---|---|
| Volatility (1Y, Annualized) | 25.58% | 35.93% |
| Beta (5Y) | 0.78 | 0.69 |
| Max Drawdown (5Y) | -54.32% | -37.35% |
| Avg. Volume (3M) | 3.69M | 3.56M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | EW | GEHC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.81 | 0.28 |
| Sortino Ratio (1Y) | 1.23 | 0.41 |
Profitability
ROE (TTM)
GE HealthCare (GEHC) at 20.01% sits in the top ROE quartile, while Edwards Lifesciences (EW) at 9.33% is closer to the peer norm — stronger capital efficiency for GEHC.
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%
GEHC
Health Care Equipment & Services industry group
20.01%
- Max
- 47.61%
- GEHC
- 20.01%
- Q3
- 14.36%
- Median
- 5.45%
- Q1
- -10.67%
- Min
- -47.01%
Net Margin (TTM)
For every dollar of sales, both Edwards Lifesciences (EW) at 15.30% and GE HealthCare (GEHC) at 9.95% retain more as net profit than most peers, landing in the top net margin quartile of their industries.
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%
GEHC
Health Care Equipment & Services industry group
9.95%
- Max
- 29.35%
- GEHC
- 9.95%
- Q3
- 9.33%
- Median
- 2.18%
- Q1
- -6.29%
- Min
- -28.46%
Operating Margin (TTM)
Both Edwards Lifesciences (EW) at 30.15% and GE HealthCare (GEHC) at 15.33% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
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%
GEHC
Health Care Equipment & Services industry group
15.33%
- Max
- 35.43%
- GEHC
- 15.33%
- Q3
- 14.14%
- Median
- 6.81%
- Q1
- -0.28%
- Min
- -16.29%
Profitability Metrics
| Metric | EW | GEHC |
|---|---|---|
| ROE (TTM) | 9.33% | 20.01% |
| ROA (TTM) | 8.77% | 4.99% |
| Net Margin (TTM) | 15.30% | 9.95% |
| Operating Margin (TTM) | 30.15% | 15.33% |
| Gross Margin (TTM) | 78.02% | 39.29% |
Growth
Revenue Growth
Both Edwards Lifesciences (EW) at 11.55% and GE HealthCare (GEHC) at 4.84% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
GE HealthCare (GEHC) at 4.84% is around its peer norm for EPS growth, while Edwards Lifesciences (EW) at -73.74% drops into the bottom quartile, signaling weaker earnings momentum.
Growth Metrics
| Metric | EW | GEHC |
|---|---|---|
| Revenue Growth (YoY) | 11.55% | 4.84% |
| Revenue Growth (3Y CAGR) | 10.77% | 3.99% |
| EPS Growth (YoY) | -73.74% | 4.84% |
| EPS Growth (3Y CAGR) | -9.14% | -0.58% |
Financial Strength
Current Ratio (MRQ)
Edwards Lifesciences (EW) at 4.60 carries current ratio above its industry’s typical mid-range, while GE HealthCare (GEHC) at 1.30 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
GEHC
Health Care Equipment & Services industry group
1.30
- Max
- 7.59
- Q3
- 4.00
- Median
- 1.98
- Q1
- 1.37
- GEHC
- 1.30
- Min
- 0.30
Debt / Equity (MRQ)
Edwards Lifesciences (EW) at 0.06 keeps leverage in the lower industry quartile, while GE HealthCare (GEHC) at 0.88 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
GEHC
Health Care Equipment & Services industry group
0.88
- Max
- 1.88
- Q3
- 0.91
- GEHC
- 0.88
- Median
- 0.58
- Q1
- 0.16
- Min
- 0.00
Financial Strength Metrics
| Metric | EW | GEHC |
|---|---|---|
| Current Ratio (MRQ) | 4.60 | 1.30 |
| Debt / Equity (MRQ) | 0.06 | 0.88 |
| Net Debt / EBITDA | -1.88 | 2.11 |
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 GE HealthCare (GEHC) reports a yield of 0.17%, 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%
GEHC
Health Care Equipment & Services industry group
0.17%
- GEHC
- 0.17%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
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 GE HealthCare (GEHC) reports a payout of 2.96%, 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%
GEHC
Health Care Equipment & Services industry group
2.96%
- GEHC
- 2.96%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | EW | GEHC |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.17% |
| Dividend Payout Ratio (TTM) | 0.00% | 2.96% |
Valuation
P/E Ratio (TTM)
GE HealthCare (GEHC) at 17.42 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
GEHC
Health Care Equipment & Services industry group
17.42
- Max
- 80.41
- Q3
- 47.62
- Median
- 29.93
- Q1
- 21.19
- GEHC
- 17.42
- Min
- 4.21
P/S Ratio (TTM)
GE HealthCare (GEHC) at 1.72 is priced about in line with its industry on P/S ratio, while Edwards Lifesciences (EW) at 8.80 sits in the pricier quartile — EW costs more per dollar of sales.
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
GEHC
Health Care Equipment & Services industry group
1.72
- Max
- 8.80
- Q3
- 4.32
- Median
- 2.13
- GEHC
- 1.72
- Q1
- 1.10
- Min
- 0.03
P/B Ratio (MRQ)
On P/B ratio, both Edwards Lifesciences (EW) at 5.41 and GE HealthCare (GEHC) at 3.21 are valued close to their industries’ norm against book — neither stands out from peers.
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
GEHC
Health Care Equipment & Services industry group
3.21
- Max
- 11.68
- Q3
- 6.12
- GEHC
- 3.21
- Median
- 3.00
- Q1
- 1.73
- Min
- -1.31
Valuation Metrics
| Metric | EW | GEHC |
|---|---|---|
| P/E Ratio (TTM) | 59.38 | 17.42 |
| P/S Ratio (TTM) | 8.80 | 1.72 |
| P/B Ratio (MRQ) | 5.41 | 3.21 |
| Free Cash Flow Yield (TTM) | 1.95% | 4.92% |