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.
| Profile Item | EW | MDLN |
|---|---|---|
| Name | Edwards Lifesciences Corporation | Medline Inc. Class A Common Stock |
| 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 Supplies |
| Market Capitalization | 58.73 billion USD | 52.17 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | March 27, 2000 | December 17, 2025 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | EW | MDLN |
|---|---|---|
| Total Return (1Y) | 25.08% | -- |
| Total Return (3Y, Annualized) | 17.28% | -- |
| Total Return (5Y, Annualized) | -2.77% | -- |
Risk Profile
Drawdown History
Return Distribution
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.
| Metric | EW | MDLN |
|---|---|---|
| Volatility (1Y, Annualized) | 25.58% | 47.93% |
| Beta (5Y) | 0.78 | -0.93 |
| Max Drawdown (5Y) | -54.32% | -36.71% |
| Avg. Volume (3M) | 3.69M | 8.63M |
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
| Metric | EW | MDLN |
|---|---|---|
| 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%
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%
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%
Profitability Metrics
| Metric | EW | MDLN |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | EW | MDLN |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | EW | MDLN |
|---|---|---|
| Current Ratio (MRQ) | 4.60 | 4.04 |
| Debt / Equity (MRQ) | 0.06 | 0.65 |
| Net Debt / EBITDA | -1.88 | 3.35 |
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%
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%
Dividend Metrics
| Metric | EW | MDLN |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | EW | MDLN |
|---|---|---|
| P/E Ratio (TTM) | 59.38 | 90.09 |
| P/S Ratio (TTM) | 8.80 | 1.70 |
| P/B Ratio (MRQ) | 5.41 | 2.95 |
| Free Cash Flow Yield (TTM) | 1.95% | 2.67% |