EW vs. ZBH: Edwards Lifesciences vs. Zimmer Biomet Stock Comparison

November 11, 2026

How do Edwards Lifesciences (EW) and Zimmer Biomet (ZBH) 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 Zimmer Biomet (ZBH) 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.

Company profile comparison for Edwards Lifesciences (EW) and Zimmer Biomet (ZBH)
Profile Item	EW	ZBH
Name	Edwards Lifesciences Corporation	Zimmer Biomet Holdings 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	19.98 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 27, 2000	July 25, 2001
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ZBH

GSPC

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH), 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 Zimmer Biomet (ZBH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Edwards Lifesciences (EW) and Zimmer Biomet (ZBH)
Metric	EW	ZBH
Total Return (1Y)	25.08%	24.04%
Total Return (3Y, Annualized)	17.28%	2.38%
Total Return (5Y, Annualized)	-2.77%	-2.74%

Risk Profile

Drawdown History

ZBH

GSPC

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH), 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 Zimmer Biomet (ZBH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Edwards Lifesciences (EW) and Zimmer Biomet (ZBH)
Metric	EW	ZBH
Volatility (1Y, Annualized)	25.58%	32.39%
Beta (5Y)	0.78	0.42
Max Drawdown (5Y)	-54.32%	-43.94%
Avg. Volume (3M)	3.69M	2.09M

Risk-Adjusted Performance

Risk-Return Positioning

EW and ZBH 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 Zimmer Biomet (ZBH)
Metric	EW	ZBH
Sharpe Ratio (1Y)	0.81	0.61
Sortino Ratio (1Y)	1.23	0.93

Profitability

ROE (TTM)

Both Edwards Lifesciences (EW) at 9.33% and Zimmer Biomet (ZBH) at 6.03% 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%

ZBH

Health Care Equipment & Services industry group

6.03%

Max: 47.61%
Q3: 14.36%
ZBH: 6.03%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): 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 Zimmer Biomet (ZBH) at 8.95%, 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%

ZBH

Health Care Equipment & Services industry group

8.95%

Max: 29.35%
Q3: 9.33%
ZBH: 8.95%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): 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 Zimmer Biomet (ZBH) at 17.35% 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%

ZBH

Health Care Equipment & Services industry group

17.35%

Max: 35.43%
ZBH: 17.35%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Edwards Lifesciences (EW) and Zimmer Biomet (ZBH)
Metric	EW	ZBH
ROE (TTM)	9.33%	6.03%
ROA (TTM)	8.77%	3.81%
Net Margin (TTM)	15.30%	8.95%
Operating Margin (TTM)	30.15%	17.35%
Gross Margin (TTM)	78.02%	69.33%

Growth

Revenue Growth

Both Edwards Lifesciences (EW) at 11.55% and Zimmer Biomet (ZBH) at 7.20% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Zimmer Biomet (ZBH) at -19.86% is around its peer norm for EPS growth, while Edwards Lifesciences (EW) at -73.74% drops into the bottom quartile, signaling weaker earnings momentum.

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Edwards Lifesciences (EW) and Zimmer Biomet (ZBH)
Metric	EW	ZBH
Revenue Growth (YoY)	11.55%	7.20%
Revenue Growth (3Y CAGR)	10.77%	5.85%
EPS Growth (YoY)	-73.74%	-19.86%
EPS Growth (3Y CAGR)	-9.14%	47.78%

Financial Strength

Current Ratio (MRQ)

Zimmer Biomet (ZBH) at 1.46 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

ZBH

Health Care Equipment & Services industry group

1.46

Max: 7.59
Q3: 4.00
Median: 1.98
ZBH: 1.46
Q1: 1.37
Min: 0.30

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): 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 Zimmer Biomet (ZBH) at 0.60 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

ZBH

Health Care Equipment & Services industry group

0.60

Max: 1.88
Q3: 0.91
ZBH: 0.60
Median: 0.58
Q1: 0.16
Min: 0.00

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): 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 Zimmer Biomet (ZBH)
Metric	EW	ZBH
Current Ratio (MRQ)	4.60	1.46
Debt / Equity (MRQ)	0.06	0.60
Net Debt / EBITDA	-1.88	2.85

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 Zimmer Biomet (ZBH) reports a yield of 0.90%, 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%

ZBH

Health Care Equipment & Services industry group

0.90%

ZBH: 0.90%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): 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 Zimmer Biomet (ZBH) reports a payout of 24.24%, 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%

ZBH

Health Care Equipment & Services industry group

24.24%

ZBH: 24.24%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Edwards Lifesciences (EW) and Zimmer Biomet (ZBH)
Metric	EW	ZBH
Dividend Yield (TTM)	0.00%	0.90%
Dividend Payout Ratio (TTM)	0.00%	24.24%

Valuation

P/E Ratio (TTM)

Zimmer Biomet (ZBH) at 26.66 is near its industry’s usual P/E ratio, while Edwards Lifesciences (EW) at 59.38 sits in the richer quartile — EW needs stronger growth or earnings quality to justify the premium.

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

ZBH

Health Care Equipment & Services industry group

26.66

Max: 80.41
Q3: 47.62
Median: 29.93
ZBH: 26.66
Q1: 21.19
Min: 4.21

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Zimmer Biomet (ZBH) at 2.33 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

ZBH

Health Care Equipment & Services industry group

2.33

Max: 8.80
Q3: 4.32
ZBH: 2.33
Median: 2.13
Q1: 1.10
Min: 0.03

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Zimmer Biomet (ZBH) at 1.58 sits in the lower P/B ratio quartile against book while Edwards Lifesciences (EW) at 5.41 is valued near its industry’s middle — ZBH is cheaper on assets, though weigh it against ROE and asset quality.

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

ZBH

Health Care Equipment & Services industry group

1.58

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
ZBH: 1.58
Min: -1.31

Edwards Lifesciences (EW) vs. Zimmer Biomet (ZBH): 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 Zimmer Biomet (ZBH)
Metric	EW	ZBH
P/E Ratio (TTM)	59.38	26.66
P/S Ratio (TTM)	8.80	2.33
P/B Ratio (MRQ)	5.41	1.58
Free Cash Flow Yield (TTM)	1.95%	7.22%