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EW vs. MDLN: Edwards Lifesciences vs. Medline Stock Comparison

How do Edwards Lifesciences (EW) and Medline (MDLN) 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 Medline (MDLN) both belong to the Health Care Equipment & Supplies industry, though EW is classified under Health Care Equipment while MDLN falls under Health Care Supplies.

Edwards Lifesciences (EW) has been public since March 27, 2000, giving it decades of market history across multiple cycles, while Medline (MDLN) listed only on December 17, 2025 and lacks comparable through-cycle data.

Company profile comparison for Edwards Lifesciences (EW) and Medline (MDLN)
Profile ItemEWMDLN
NameEdwards Lifesciences CorporationMedline Inc. Class A Common Stock
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 Supplies
Market Capitalization58.73 billion USD52.17 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMarch 27, 2000December 17, 2025
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

EW
MDLN
GSPC
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Edwards Lifesciences (EW) vs. Medline (MDLN), 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 Medline (MDLN). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Edwards Lifesciences (EW) and Medline (MDLN)
MetricEWMDLN
Total Return (1Y)25.08%--
Total Return (3Y, Annualized)17.28%--
Total Return (5Y, Annualized)-2.77%--

Risk Profile

Drawdown History

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

Risk Metrics

Medline (MDLN) reports a negative beta of -0.93, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Edwards Lifesciences (EW) has a non-negative beta of 0.78.

Risk profile metrics for Edwards Lifesciences (EW) and Medline (MDLN)
MetricEWMDLN
Volatility (1Y, Annualized)25.58%47.93%
Beta (5Y)0.78-0.93
Max Drawdown (5Y)-54.32%-36.71%
Avg. Volume (3M)3.69M8.63M

Risk-Adjusted Performance

Risk-Return Positioning

Both EW and MDLN need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for Edwards Lifesciences (EW) and Medline (MDLN)
MetricEWMDLN
Sharpe Ratio (1Y)0.81--
Sortino Ratio (1Y)1.23--

Profitability

ROE (TTM)

Both Edwards Lifesciences (EW) at 9.33% and Medline (MDLN) at 4.85% 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%

MDLN

Health Care Equipment & Services industry group

4.85%

Max
47.61%
Q3
14.36%
Median
5.45%
MDLN
4.85%
Q1
-10.67%
Min
-47.01%
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Edwards Lifesciences (EW) vs. Medline (MDLN): 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 Medline (MDLN) at 1.85%, 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%

MDLN

Health Care Equipment & Services industry group

1.85%

Max
29.35%
Q3
9.33%
Median
2.18%
MDLN
1.85%
Q1
-6.29%
Min
-28.46%
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Edwards Lifesciences (EW) vs. Medline (MDLN): 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 Medline (MDLN) at 5.22%, 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%

MDLN

Health Care Equipment & Services industry group

5.22%

Max
35.43%
Q3
14.14%
Median
6.81%
MDLN
5.22%
Q1
-0.28%
Min
-16.29%
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Edwards Lifesciences (EW) vs. Medline (MDLN): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Edwards Lifesciences (EW) and Medline (MDLN)
MetricEWMDLN
ROE (TTM)9.33%4.85%
ROA (TTM)8.77%2.70%
Net Margin (TTM)15.30%1.85%
Operating Margin (TTM)30.15%5.22%
Gross Margin (TTM)78.02%24.42%

Growth

Revenue Growth

Only one side can be read here: Edwards Lifesciences (EW) reports revenue growth of 11.55%, ranked against its industry; Medline (MDLN) has no revenue growth figure this period.

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Edwards Lifesciences (EW) vs. Medline (MDLN): A comparison of their Revenue Growth across different time periods.

EPS Growth

Medline (MDLN) at 117.38% delivers above-range EPS growth, while Edwards Lifesciences (EW) at -73.74% falls into the bottom quartile — a wide split in earnings momentum.

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Edwards Lifesciences (EW) vs. Medline (MDLN): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Edwards Lifesciences (EW) and Medline (MDLN)
MetricEWMDLN
Revenue Growth (YoY)11.55%--
Revenue Growth (3Y CAGR)10.77%--
EPS Growth (YoY)-73.74%117.38%
EPS Growth (3Y CAGR)-9.14%--

Financial Strength

Current Ratio (MRQ)

Both Edwards Lifesciences (EW) at 4.60 and Medline (MDLN) at 4.04 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

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

MDLN

Health Care Equipment & Services industry group

4.04

Max
7.59
MDLN
4.04
Q3
4.00
Median
1.98
Q1
1.37
Min
0.30
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Edwards Lifesciences (EW) vs. Medline (MDLN): 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 Medline (MDLN) at 0.65 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

MDLN

Health Care Equipment & Services industry group

0.65

Max
1.88
Q3
0.91
MDLN
0.65
Median
0.58
Q1
0.16
Min
0.00
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Edwards Lifesciences (EW) vs. Medline (MDLN): 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 Medline (MDLN)
MetricEWMDLN
Current Ratio (MRQ)4.604.04
Debt / Equity (MRQ)0.060.65
Net Debt / EBITDA-1.883.35

Dividends

Dividend Yield (TTM)

Neither Edwards Lifesciences (EW) nor Medline (MDLN) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

MDLN

Health Care Equipment & Services industry group

0.00%

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

Dividend Payout Ratio (TTM)

Neither Edwards Lifesciences (EW) nor Medline (MDLN) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

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%

MDLN

Health Care Equipment & Services industry group

0.00%

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

Dividend Metrics

Dividend metrics for Edwards Lifesciences (EW) and Medline (MDLN)
MetricEWMDLN
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Edwards Lifesciences (EW) at 59.38 sits in the richer P/E ratio quartile, and Medline (MDLN) at 90.09 is richer still, above its industry range.

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

MDLN

Health Care Equipment & Services industry group

90.09

MDLN
90.09
Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21
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Edwards Lifesciences (EW) vs. Medline (MDLN): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Medline (MDLN) at 1.70 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

MDLN

Health Care Equipment & Services industry group

1.70

Max
8.80
Q3
4.32
Median
2.13
MDLN
1.70
Q1
1.10
Min
0.03
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Edwards Lifesciences (EW) vs. Medline (MDLN): 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 Medline (MDLN) at 2.95 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

MDLN

Health Care Equipment & Services industry group

2.95

Max
11.68
Q3
6.12
Median
3.00
MDLN
2.95
Q1
1.73
Min
-1.31
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Edwards Lifesciences (EW) vs. Medline (MDLN): 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 Medline (MDLN)
MetricEWMDLN
P/E Ratio (TTM)59.3890.09
P/S Ratio (TTM)8.801.70
P/B Ratio (MRQ)5.412.95
Free Cash Flow Yield (TTM)1.95%2.67%