EW vs. THC: Edwards Lifesciences vs. Tenet Healthcare Stock Comparison
How do Edwards Lifesciences (EW) and Tenet Healthcare (THC) 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 Tenet Healthcare (THC) both fall under the Health Care Equipment & Services industry group, but EW is classified in Health Care Equipment & Supplies while THC is classified in Health Care Providers & Services.
| Profile Item | EW | THC |
|---|---|---|
| Name | Edwards Lifesciences Corporation | Tenet Healthcare Corp. |
| 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 Providers & Services |
| GICS Sub-Industry | Health Care Equipment | Health Care Facilities |
| Market Capitalization | 58.73 billion USD | 22.55 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | March 27, 2000 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | EW | THC |
|---|---|---|
| Total Return (1Y) | 25.08% | 43.40% |
| Total Return (3Y, Annualized) | 17.28% | 77.47% |
| Total Return (5Y, Annualized) | -2.77% | 29.92% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | EW | THC |
|---|---|---|
| Volatility (1Y, Annualized) | 25.58% | 43.80% |
| Beta (5Y) | 0.78 | 1.17 |
| Max Drawdown (5Y) | -54.32% | -58.88% |
| Avg. Volume (3M) | 3.69M | 768.24K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | EW | THC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.81 | 0.89 |
| Sortino Ratio (1Y) | 1.23 | 1.71 |
Profitability
ROE (TTM)
Tenet Healthcare (THC) at 41.70% sits in the top ROE quartile, while Edwards Lifesciences (EW) at 9.33% is closer to the peer norm — stronger capital efficiency for THC.
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%
THC
Health Care Equipment & Services industry group
41.70%
- Max
- 47.61%
- THC
- 41.70%
- 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 Tenet Healthcare (THC) at 13.09% 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%
THC
Health Care Equipment & Services industry group
13.09%
- Max
- 29.35%
- THC
- 13.09%
- Q3
- 9.33%
- Median
- 2.18%
- Q1
- -6.29%
- Min
- -28.46%
Operating Margin (TTM)
Both Edwards Lifesciences (EW) at 30.15% and Tenet Healthcare (THC) at 19.04% 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%
THC
Health Care Equipment & Services industry group
19.04%
- Max
- 35.43%
- THC
- 19.04%
- Q3
- 14.14%
- Median
- 6.81%
- Q1
- -0.28%
- Min
- -16.29%
Profitability Metrics
| Metric | EW | THC |
|---|---|---|
| ROE (TTM) | 9.33% | 41.70% |
| ROA (TTM) | 8.77% | 8.68% |
| Net Margin (TTM) | 15.30% | 13.09% |
| Operating Margin (TTM) | 30.15% | 19.04% |
| Gross Margin (TTM) | 78.02% | 42.47% |
Growth
Revenue Growth
Edwards Lifesciences (EW) at 11.55% is around its peer norm for revenue growth, while Tenet Healthcare (THC) at 3.07% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Both Edwards Lifesciences (EW) at -73.74% and Tenet Healthcare (THC) at -52.63% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.
Growth Metrics
| Metric | EW | THC |
|---|---|---|
| Revenue Growth (YoY) | 11.55% | 3.07% |
| Revenue Growth (3Y CAGR) | 10.77% | 3.58% |
| EPS Growth (YoY) | -73.74% | -52.63% |
| EPS Growth (3Y CAGR) | -9.14% | 59.88% |
Financial Strength
Current Ratio (MRQ)
Tenet Healthcare (THC) at 1.59 keeps current ratio within its industry’s typical mid-range, while Edwards Lifesciences (EW) at 4.60 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
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
THC
Health Care Equipment & Services industry group
1.59
- Max
- 7.59
- Q3
- 4.00
- Median
- 1.98
- THC
- 1.59
- Q1
- 1.37
- Min
- 0.30
Debt / Equity (MRQ)
Edwards Lifesciences (EW) at 0.06 keeps leverage in the lower quartile, while Tenet Healthcare (THC) at 1.38 sits in the higher-leverage quartile.
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
THC
Health Care Equipment & Services industry group
1.38
- Max
- 1.88
- THC
- 1.38
- Q3
- 0.91
- Median
- 0.58
- Q1
- 0.16
- Min
- 0.00
Financial Strength Metrics
| Metric | EW | THC |
|---|---|---|
| Current Ratio (MRQ) | 4.60 | 1.59 |
| Debt / Equity (MRQ) | 0.06 | 1.38 |
| Net Debt / EBITDA | -1.88 | 2.06 |
Dividends
Dividend Yield (TTM)
Neither Edwards Lifesciences (EW) nor Tenet Healthcare (THC) 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%
THC
Health Care Equipment & Services industry group
0.00%
- THC
- 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 Tenet Healthcare (THC) 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%
THC
Health Care Equipment & Services industry group
0.00%
- THC
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | EW | THC |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Tenet Healthcare (THC) at 8.26 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
THC
Health Care Equipment & Services industry group
8.26
- Max
- 80.41
- Q3
- 47.62
- Median
- 29.93
- Q1
- 21.19
- THC
- 8.26
- Min
- 4.21
P/S Ratio (TTM)
Tenet Healthcare (THC) at 1.02 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
THC
Health Care Equipment & Services industry group
1.02
- Max
- 8.80
- Q3
- 4.32
- Median
- 2.13
- Q1
- 1.10
- THC
- 1.02
- Min
- 0.03
P/B Ratio (MRQ)
On P/B ratio, both Edwards Lifesciences (EW) at 5.41 and Tenet Healthcare (THC) at 4.14 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
THC
Health Care Equipment & Services industry group
4.14
- Max
- 11.68
- Q3
- 6.12
- THC
- 4.14
- Median
- 3.00
- Q1
- 1.73
- Min
- -1.31
Valuation Metrics
| Metric | EW | THC |
|---|---|---|
| P/E Ratio (TTM) | 59.38 | 8.26 |
| P/S Ratio (TTM) | 8.80 | 1.02 |
| P/B Ratio (MRQ) | 5.41 | 4.14 |
| Free Cash Flow Yield (TTM) | 1.95% | 8.99% |