EW vs MDT
Edwards Lifesciences (EW) and Medtronic (MDT) compared side by side. Medtronic (MDT) is larger, with a market cap of $122.0B versus $51.3B for Edwards Lifesciences, about 2.4 times the size. On trailing earnings, MDT is cheaper at 23.4x versus 53.0x for EW.
Head to head
| Metric | EW | MDT |
|---|---|---|
| Market cap | $51.3B | $122.0B |
| P/E (TTM) | 53.0x | 23.4x |
| Forward P/E | 26.3x | 14.9x |
| Revenue (TTM) | $6.5B | $37.5B |
| Revenue growth | 13.6% | 13.7% |
| Gross margin | 77.8% | 65.3% |
| Operating margin | 29.8% | 19.3% |
| Free cash flow | $1.4B | $6.1B |
| Dividend yield | None | 3.02% |
| 1-year return | +16.4% | +4.6% |
| 5-year return (annual) | -5.2% | -1.9% |
| Max drawdown | -54% | -73% |
| FI Handbook grade | B- | B- |
Highlighted: the stronger figure on metrics where higher or lower is clearly better.
Growth of $10,000 (5 years, price only)
EW vs MDT FAQ
Which is bigger, EW or MDT?
Medtronic (MDT) is larger, with a market cap of $122.0B versus $51.3B for Edwards Lifesciences, about 2.4 times the size.
Is EW or MDT cheaper?
On trailing earnings, MDT is cheaper at 23.4x versus 53.0x for EW. A lower P/E can reflect slower expected growth, so compare growth and margins too.
Which stock performed better over the past year, EW or MDT?
EW returned +16.4% over the past year including dividends, versus +4.6% for MDT, through October 23, 2026.
Which pays a higher dividend, EW or MDT?
MDT yields 3.02%; EW does not pay a dividend.
Full pages: Edwards Lifesciences · Medtronic