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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.

Company profile comparison for Edwards Lifesciences (EW) and GE HealthCare (GEHC)
Profile ItemEWGEHC
NameEdwards Lifesciences CorporationGE HealthCare Technologies Inc.
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & SuppliesHealth Care Equipment & Supplies
GICS Sub-IndustryHealth Care EquipmentHealth Care Equipment
Market Capitalization58.73 billion USD37.25 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMarch 27, 2000December 15, 2022
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

EW
GEHC
GSPC
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC), 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 GE HealthCare (GEHC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Edwards Lifesciences (EW) and GE HealthCare (GEHC)
MetricEWGEHC
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

EW
GEHC
GSPC
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC), 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 GE HealthCare (GEHC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Edwards Lifesciences (EW) and GE HealthCare (GEHC)
MetricEWGEHC
Volatility (1Y, Annualized)25.58%35.93%
Beta (5Y)0.780.69
Max Drawdown (5Y)-54.32%-37.35%
Avg. Volume (3M)3.69M3.56M

Risk-Adjusted Performance

Risk-Return Positioning

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EW and GEHC 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 GE HealthCare (GEHC)
MetricEWGEHC
Sharpe Ratio (1Y)0.810.28
Sortino Ratio (1Y)1.230.41

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%
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

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%
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

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%
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Edwards Lifesciences (EW) and GE HealthCare (GEHC)
MetricEWGEHC
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.

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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): A comparison of their Revenue Growth across different time periods.

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.

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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Edwards Lifesciences (EW) and GE HealthCare (GEHC)
MetricEWGEHC
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
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): 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 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
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): 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 GE HealthCare (GEHC)
MetricEWGEHC
Current Ratio (MRQ)4.601.30
Debt / Equity (MRQ)0.060.88
Net Debt / EBITDA-1.882.11

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%
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): 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 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%
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Edwards Lifesciences (EW) and GE HealthCare (GEHC)
MetricEWGEHC
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
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

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
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): 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 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
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Edwards Lifesciences (EW) vs. GE HealthCare (GEHC): 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 GE HealthCare (GEHC)
MetricEWGEHC
P/E Ratio (TTM)59.3817.42
P/S Ratio (TTM)8.801.72
P/B Ratio (MRQ)5.413.21
Free Cash Flow Yield (TTM)1.95%4.92%