Medical - Devices
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BSX vs MDT vs EW
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
Medical - Devices
BSX vs MDT vs EW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Medical - Devices | Medical - Devices | Medical - Devices |
| Market Cap | $83.23B | $99.48B | $47.97B |
| Revenue (TTM) | $20.07B | $35.48B | $6.07B |
| Net Income (TTM) | $2.89B | $4.61B | $1.07B |
| Gross Margin | 69.0% | 61.9% | 78.1% |
| Operating Margin | 19.8% | 17.9% | 26.7% |
| Forward P/E | 16.6x | 14.1x | 27.7x |
| Total Debt | $12.42B | $28.52B | $705M |
| Cash & Equiv. | $2.04B | $2.22B | $2.94B |
BSX vs MDT vs EW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Boston Scientific C… (BSX) | 100 | 147.4 | +47.4% |
| Medtronic plc (MDT) | 100 | 78.7 | -21.3% |
| Edwards Lifescience… (EW) | 100 | 111.1 | +11.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BSX vs MDT vs EW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BSX is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 19.9%, EPS growth 55.2%, 3Y rev CAGR 16.5%
- 154.2% 10Y total return vs EW's 136.1%
- Lower volatility, beta 0.34, Low D/E 50.7%, current ratio 1.62x
MDT has the current edge in this matchup, primarily because of its strength in income & stability.
- Dividend streak 36 yrs, beta 0.47, yield 3.6%
- Lower P/E (14.1x vs 16.6x)
- 3.6% yield; 36-year raise streak; the other 2 pay no meaningful dividend
EW is the clearest fit if your priority is valuation efficiency.
- PEG 3.91 vs MDT's 35.84
- 17.6% margin vs MDT's 13.0%
- +11.1% vs BSX's -46.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 19.9% revenue growth vs MDT's 3.6% | |
| Value | Lower P/E (14.1x vs 16.6x) | |
| Quality / Margins | 17.6% margin vs MDT's 13.0% | |
| Stability / Safety | Beta 0.34 vs EW's 0.65 | |
| Dividends | 3.6% yield; 36-year raise streak; the other 2 pay no meaningful dividend | |
| Momentum (1Y) | +11.1% vs BSX's -46.2% | |
| Efficiency (ROA) | 175.8% ROA vs BSX's 6.9%, ROIC 6.0% vs 8.8% |
BSX vs MDT vs EW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BSX vs MDT vs EW — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
EW leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MDT is the larger business by revenue, generating $35.5B annually — 5.8x EW's $6.1B. Profitability is closely matched — net margins range from 17.6% (EW) to 13.0% (MDT). On growth, BSX holds the edge at +15.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $20.1B | $35.5B | $6.1B |
| EBITDAEarnings before interest/tax | $4.7B | $9.4B | $1.8B |
| Net IncomeAfter-tax profit | $2.9B | $4.6B | $1.1B |
| Free Cash FlowCash after capex | $3.6B | $5.4B | $1.3B |
| Gross MarginGross profit ÷ Revenue | +69.0% | +61.9% | +78.1% |
| Operating MarginEBIT ÷ Revenue | +19.8% | +17.9% | +26.7% |
| Net MarginNet income ÷ Revenue | +14.4% | +13.0% | +17.6% |
| FCF MarginFCF ÷ Revenue | +18.1% | +15.2% | +22.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.9% | +8.8% | +13.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +18.5% | -11.9% | -75.4% |
Valuation Metrics
MDT leads this category, winning 6 of 7 comparable metrics.
Valuation Metrics
At 21.5x trailing earnings, MDT trades at a 53% valuation discount to EW's 45.5x P/E. Adjusting for growth (PEG ratio), EW offers better value at 6.42x vs MDT's 35.84x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $83.2B | $99.5B | $48.0B |
| Enterprise ValueMkt cap + debt − cash | $93.6B | $125.8B | $45.7B |
| Trailing P/EPrice ÷ TTM EPS | 28.87x | 21.50x | 45.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.58x | 14.06x | 27.67x |
| PEG RatioP/E ÷ EPS growth rate | — | 35.84x | 6.42x |
| EV / EBITDAEnterprise value multiple | 25.07x | 14.27x | 25.51x |
| Price / SalesMarket cap ÷ Revenue | 4.15x | 2.97x | 7.91x |
| Price / BookPrice ÷ Book value/share | 3.42x | 2.07x | 4.71x |
| Price / FCFMarket cap ÷ FCF | 22.75x | 19.19x | 35.93x |
Profitability & Efficiency
EW leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
BSX delivers a 12.4% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $9 for MDT. EW carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to MDT's 0.59x. On the Piotroski fundamental quality scale (0–9), BSX scores 7/9 vs EW's 6/9, reflecting strong financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | +12.4% | +9.4% | +10.4% |
| ROA (TTM)Return on assets | +6.9% | +175.8% | +8.0% |
| ROICReturn on invested capital | +8.8% | +6.0% | +15.5% |
| ROCEReturn on capital employed | +11.1% | +7.5% | +14.0% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.51x | 0.59x | 0.07x |
| Net DebtTotal debt minus cash | $10.4B | $26.3B | -$2.2B |
| Cash & Equiv.Liquid assets | $2.0B | $2.2B | $2.9B |
| Total DebtShort + long-term debt | $12.4B | $28.5B | $705M |
| Interest CoverageEBIT ÷ Interest expense | 11.03x | 9.08x | — |
Total Returns (Dividends Reinvested)
BSX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in BSX five years ago would be worth $13,011 today (with dividends reinvested), compared to $7,167 for MDT. Over the past 12 months, EW leads with a +11.1% total return vs BSX's -46.2%. The 3-year compound annual growth rate (CAGR) favors BSX at 1.8% vs EW's -2.2% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | -40.9% | -18.5% | -2.5% |
| 1-Year ReturnPast 12 months | -46.2% | -2.3% | +11.1% |
| 3-Year ReturnCumulative with dividends | +5.4% | -4.6% | -6.5% |
| 5-Year ReturnCumulative with dividends | +30.1% | -28.3% | -9.3% |
| 10-Year ReturnCumulative with dividends | +154.2% | +27.0% | +136.1% |
| CAGR (3Y)Annualised 3-year return | +1.8% | -1.6% | -2.2% |
Risk & Volatility
Evenly matched — BSX and EW each lead in 1 of 2 comparable metrics.
Risk & Volatility
BSX is the less volatile stock with a 0.34 beta — it tends to amplify market swings less than EW's 0.65 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EW currently trades 94.7% from its 52-week high vs BSX's 51.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.34x | 0.47x | 0.65x |
| 52-Week HighHighest price in past year | $109.50 | $106.33 | $87.89 |
| 52-Week LowLowest price in past year | $54.98 | $77.16 | $72.30 |
| % of 52W HighCurrent price vs 52-week peak | +51.1% | +73.0% | +94.7% |
| RSI (14)Momentum oscillator 0–100 | 33.1 | 27.7 | 53.9 |
| Avg Volume (50D)Average daily shares traded | 15.3M | 7.8M | 4.8M |
Analyst Outlook
MDT leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: BSX as "Buy", MDT as "Buy", EW as "Buy". Consensus price targets imply 63.1% upside for BSX (target: $91) vs 16.0% for EW (target: $97). MDT is the only dividend payer here at 3.59% yield — a key consideration for income-focused portfolios.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $91.33 | $109.50 | $96.53 |
| # AnalystsCovering analysts | 43 | 49 | 48 |
| Dividend YieldAnnual dividend ÷ price | — | +3.6% | — |
| Dividend StreakConsecutive years of raises | 0 | 36 | — |
| Dividend / ShareAnnual DPS | — | $2.78 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +3.3% | +1.9% |
EW leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MDT leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
BSX vs MDT vs EW: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is BSX or MDT or EW a better buy right now?
For growth investors, Boston Scientific Corporation (BSX) is the stronger pick with 19.
9% revenue growth year-over-year, versus 3. 6% for Medtronic plc (MDT). Medtronic plc (MDT) offers the better valuation at 21. 5x trailing P/E (14. 1x forward), making it the more compelling value choice. Analysts rate Boston Scientific Corporation (BSX) a "Buy" — based on 43 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BSX or MDT or EW?
On trailing P/E, Medtronic plc (MDT) is the cheapest at 21.
5x versus Edwards Lifesciences Corporation at 45. 5x. On forward P/E, Medtronic plc is actually cheaper at 14. 1x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Edwards Lifesciences Corporation wins at 3. 91x versus Medtronic plc's 35. 84x.
03Which is the better long-term investment — BSX or MDT or EW?
Over the past 5 years, Boston Scientific Corporation (BSX) delivered a total return of +30.
1%, compared to -28. 3% for Medtronic plc (MDT). Over 10 years, the gap is even starker: BSX returned +154. 2% versus MDT's +27. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BSX or MDT or EW?
By beta (market sensitivity over 5 years), Boston Scientific Corporation (BSX) is the lower-risk stock at 0.
34β versus Edwards Lifesciences Corporation's 0. 65β — meaning EW is approximately 90% more volatile than BSX relative to the S&P 500. On balance sheet safety, Edwards Lifesciences Corporation (EW) carries a lower debt/equity ratio of 7% versus 59% for Medtronic plc — giving it more financial flexibility in a downturn.
05Which is growing faster — BSX or MDT or EW?
By revenue growth (latest reported year), Boston Scientific Corporation (BSX) is pulling ahead at 19.
9% versus 3. 6% for Medtronic plc (MDT). On earnings-per-share growth, the picture is similar: Boston Scientific Corporation grew EPS 55. 2% year-over-year, compared to -73. 7% for Edwards Lifesciences Corporation. Over a 3-year CAGR, BSX leads at 16. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BSX or MDT or EW?
Edwards Lifesciences Corporation (EW) is the more profitable company, earning 17.
7% net margin versus 13. 9% for Medtronic plc — meaning it keeps 17. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EW leads at 27. 0% versus 17. 8% for MDT. At the gross margin level — before operating expenses — EW leads at 78. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BSX or MDT or EW more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Edwards Lifesciences Corporation (EW) is the more undervalued stock at a PEG of 3. 91x versus Medtronic plc's 35. 84x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Medtronic plc (MDT) trades at 14. 1x forward P/E versus 27. 7x for Edwards Lifesciences Corporation — 13. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BSX: 63. 1% to $91. 33.
08Which pays a better dividend — BSX or MDT or EW?
In this comparison, MDT (3.
6% yield) pays a dividend. BSX, EW do not pay a meaningful dividend and should not be held primarily for income.
09Is BSX or MDT or EW better for a retirement portfolio?
For long-horizon retirement investors, Medtronic plc (MDT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
47), 3. 6% yield). Both have compounded well over 10 years (MDT: +27. 0%, EW: +136. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BSX and MDT and EW?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: BSX is a mid-cap high-growth stock; MDT is a mid-cap income-oriented stock; EW is a mid-cap quality compounder stock. MDT pays a dividend while BSX, EW do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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