Edwards Lifesciences EW
Edwards Lifesciences scores excellent on business quality (7.6 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Edwards Lifesciences does
Edwards Lifesciences makes structural heart medical devices, generating revenue by selling heart valves and repair products to hospitals and cardiac surgeons.
- What it does best
Edwards dominates transcatheter aortic heart valves, posting a gross margin of 77.8% that beats peers like Abbott at 56.8%. This edge relies on decades of clinical data and hospital switching costs.
- The main risk
Regulatory hurdles and clinical trial delays threaten its specialized device pipeline, directly impacting the new product rollouts needed to sustain its premium market position.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 28.3%, supported by top quartile sector performance. This high margin profile means profitability expands efficiently with scale.
Switching costs form its moat, locking in cardiac surgeons who rely on its proven devices. Its gross margin ranks in the top quartile of its sector at 79th percentile.
Revenue grew 11.5% to $6.5B, accelerating from prior years as core heart valve demand holds steady across global hospital networks.
With $4.2B in cash and a debt-to-equity ratio of 0.1, the balance sheet is pristine. Free cash flow reached $1.4B, showing the business is getting stronger.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
5 sold $4.4M outside pre-planned sales.
Our sealed record on EW
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Edwards Lifesciences scores excellent on the Cluenex quality check (7.6 of 10), measured against its own industry. Profitability is fair, moat strong, growth steady and financial health strong.
In the last 90 days of SEC Form 4 filings: 5 sold $4.4M outside pre-planned sales.
Nov 4, 2026, after the close.
See EW today
- Today's verdict on EW, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Edwards Lifesciences (EW)”, https://cluenex.com/stocks/ew/, data as of Oct 10, 2026.