The Tip Desk

Edwards Lifesciences Corp

Company Stats

Market Cap
$49.8B
as of Sep 30, 2026
Shares Outstanding
576.4M
Free Float
99.7%

Income Statement

Revenue
$6.1B
Operating Income
$1.3B
Net Income
$1.1B
EBITDA
$1.4B
Non-cash Impairment
$186.9M
Revenue Growth, 3Y
10.8%
FCF Margin, 3Y Avg
13.4%
FCF Margin, Worst Year
5.3%

Cash Flow

Free Cash Flow
$1.3B
FCF Yield
2.7%
Owner FCF Yield
2.4%

Balance Sheet

Cash & Equivalents
$2.9B

Returns & Capital

Share Repurchases
$893.4M
Buyback Yield, 3Y Avg
2.0%
SBC, 3Y Avg
$153.3M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$6.1B$1.3B22.0%
FY2024$5.4B$289.9M5.3%
FY2023$5.0B$642.8M12.8%
FY2022$4.5B$973.6M21.8%
FY2021$5.2B$1.4B26.9%

Annual filing data through FY ended December 31, 2025; shares and float as of October 10, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage