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Stock Comparison

AVR vs EW vs MDT vs NVCR

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
AVR
Anteris Technologies Global Corp.

Medical - Devices

HealthcareNASDAQ • AU
Market Cap$237M
5Y Perf.+17.9%
EW
Edwards Lifesciences Corporation

Medical - Devices

HealthcareNYSE • US
Market Cap$46.10B
5Y Perf.+8.0%
MDT
Medtronic plc

Medical - Devices

HealthcareNYSE • IE
Market Cap$97.62B
5Y Perf.-4.7%
NVCR
NovoCure Limited

Medical - Instruments & Supplies

HealthcareNASDAQ • JE
Market Cap$2.04B
5Y Perf.-40.0%

AVR vs EW vs MDT vs NVCR — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
AVR logoAVR
EW logoEW
MDT logoMDT
NVCR logoNVCR
IndustryMedical - DevicesMedical - DevicesMedical - DevicesMedical - Instruments & Supplies
Market Cap$237M$46.10B$97.62B$2.04B
Revenue (TTM)$2M$6.07B$35.48B$674M
Net Income (TTM)$-84M$1.07B$4.61B$-173M
Gross Margin67.9%78.1%61.9%75.2%
Operating Margin-40.2%26.7%17.9%-27.2%
Forward P/E26.6x13.8x
Total Debt$1M$705M$28.52B$290M
Cash & Equiv.$70M$2.94B$2.22B$103M

AVR vs EW vs MDT vs NVCRLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

AVR
EW
MDT
NVCR
StockDec 24May 26Return
Anteris Technologie… (AVR)100117.9+17.9%
Edwards Lifescience… (EW)100108.0+8.0%
Medtronic plc (MDT)10095.3-4.7%
NovoCure Limited (NVCR)10060.0-40.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: AVR vs EW vs MDT vs NVCR

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: MDT leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and capital preservation and lower volatility. Edwards Lifesciences Corporation is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. AVR also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
AVR
Anteris Technologies Global Corp.
The Defensive Pick

AVR is the clearest fit if your priority is sleep-well-at-night.

  • Lower volatility, beta 2.14, Low D/E 2.2%, current ratio 4.51x
  • +50.2% vs MDT's -5.5%
Best for: sleep-well-at-night
EW
Edwards Lifesciences Corporation
The Growth Play

EW is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.

  • Rev growth 11.5%, EPS growth -73.7%, 3Y rev CAGR 4.1%
  • 125.5% 10Y total return vs AVR's 17.5%
  • PEG 3.75 vs MDT's 35.17
  • Beta 0.64, current ratio 3.72x
Best for: growth exposure and long-term compounding
MDT
Medtronic plc
The Income Pick

MDT carries the broadest edge in this set and is the clearest fit for income & stability.

  • Dividend streak 36 yrs, beta 0.42, yield 3.7%
  • Better valuation composite
  • Beta 0.42 vs NVCR's 2.15, lower leverage
  • 3.7% yield; 36-year raise streak; the other 3 pay no meaningful dividend
Best for: income & stability
NVCR
NovoCure Limited
The Secondary Option

NVCR lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: healthcare exposure
See the full category breakdown
CategoryWinnerWhy
GrowthEW logoEW11.5% revenue growth vs AVR's -1.2%
ValueMDT logoMDTBetter valuation composite
Quality / MarginsEW logoEW17.6% margin vs AVR's -39.4%
Stability / SafetyMDT logoMDTBeta 0.42 vs NVCR's 2.15, lower leverage
DividendsMDT logoMDT3.7% yield; 36-year raise streak; the other 3 pay no meaningful dividend
Momentum (1Y)AVR logoAVR+50.2% vs MDT's -5.5%
Efficiency (ROA)MDT logoMDT175.8% ROA vs AVR's -442.1%

AVR vs EW vs MDT vs NVCR — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

AVRAnteris Technologies Global Corp.

Segment breakdown not available.

EWEdwards Lifesciences Corporation
FY 2025
Transcatheter Heart Valves
74.0%$4.5B
Surgical Heart Valve Therapy
17.0%$1.0B
Transcatheter Mitral And Tricuspid Therapies
9.1%$551M
MDTMedtronic plc
FY 2025
Cardiac and Vascular Group
37.3%$12.5B
Neuroscience Group
29.4%$9.8B
Medical Surgical
25.1%$8.4B
Diabetes Group
8.2%$2.8B
NVCRNovoCure Limited

Segment breakdown not available.

AVR vs EW vs MDT vs NVCR — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLEWLAGGINGNVCR

Income & Cash Flow (Last 12 Months)

EW leads this category, winning 5 of 6 comparable metrics.

MDT is the larger business by revenue, generating $35.5B annually — 16588.2x AVR's $2M. EW is the more profitable business, keeping 17.6% of every revenue dollar as net income compared to AVR's -39.4%. On growth, EW holds the edge at +13.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricAVR logoAVRAnteris Technolog…EW logoEWEdwards Lifescien…MDT logoMDTMedtronic plcNVCR logoNVCRNovoCure Limited
RevenueTrailing 12 months$2M$6.1B$35.5B$674M
EBITDAEarnings before interest/tax-$84M$1.8B$9.4B-$165M
Net IncomeAfter-tax profit-$84M$1.1B$4.6B-$173M
Free Cash FlowCash after capex-$79M$1.3B$5.4B-$48M
Gross MarginGross profit ÷ Revenue+67.9%+78.1%+61.9%+75.2%
Operating MarginEBIT ÷ Revenue-40.2%+26.7%+17.9%-27.2%
Net MarginNet income ÷ Revenue-39.4%+17.6%+13.0%-25.7%
FCF MarginFCF ÷ Revenue-37.1%+22.0%+15.2%-7.1%
Rev. Growth (YoY)Latest quarter vs prior year-44.2%+13.3%+8.8%+12.3%
EPS Growth (YoY)Latest quarter vs prior year-54.1%-75.4%-11.9%-100.0%
EW leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

MDT leads this category, winning 5 of 7 comparable metrics.

At 21.1x trailing earnings, MDT trades at a 52% valuation discount to EW's 43.7x P/E. Adjusting for growth (PEG ratio), EW offers better value at 6.17x vs MDT's 35.17x — a lower PEG means you pay less per unit of expected earnings growth.

MetricAVR logoAVRAnteris Technolog…EW logoEWEdwards Lifescien…MDT logoMDTMedtronic plcNVCR logoNVCRNovoCure Limited
Market CapShares × price$237M$46.1B$97.6B$2.0B
Enterprise ValueMkt cap + debt − cash$168M$43.9B$123.9B$2.2B
Trailing P/EPrice ÷ TTM EPS-1.75x43.69x21.09x-14.66x
Forward P/EPrice ÷ next-FY EPS est.26.58x13.80x
PEG RatioP/E ÷ EPS growth rate6.17x35.17x
EV / EBITDAEnterprise value multiple24.47x14.06x
Price / SalesMarket cap ÷ Revenue87.79x7.60x2.91x3.11x
Price / BookPrice ÷ Book value/share2.13x4.53x2.04x5.86x
Price / FCFMarket cap ÷ FCF34.53x18.83x
MDT leads this category, winning 5 of 7 comparable metrics.

Profitability & Efficiency

EW leads this category, winning 5 of 9 comparable metrics.

EW delivers a 10.4% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $-25 for AVR. AVR carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), AVR scores 6/9 vs NVCR's 5/9, reflecting solid financial health.

MetricAVR logoAVRAnteris Technolog…EW logoEWEdwards Lifescien…MDT logoMDTMedtronic plcNVCR logoNVCRNovoCure Limited
ROE (TTM)Return on equity-25.1%+10.4%+9.4%-50.8%
ROA (TTM)Return on assets-4.4%+8.0%+175.8%-16.5%
ROICReturn on invested capital+15.5%+6.0%-16.4%
ROCEReturn on capital employed-183.9%+14.0%+7.5%-28.9%
Piotroski ScoreFundamental quality 0–96665
Debt / EquityFinancial leverage0.02x0.07x0.59x0.85x
Net DebtTotal debt minus cash-$69M-$2.2B$26.3B$187M
Cash & Equiv.Liquid assets$70M$2.9B$2.2B$103M
Total DebtShort + long-term debt$1M$705M$28.5B$290M
Interest CoverageEBIT ÷ Interest expense-816.06x9.08x-96.80x
EW leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

AVR leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in AVR five years ago would be worth $11,750 today (with dividends reinvested), compared to $983 for NVCR. Over the past 12 months, AVR leads with a +50.2% total return vs MDT's -5.5%. The 3-year compound annual growth rate (CAGR) favors AVR at 5.5% vs NVCR's -36.4% — a key indicator of consistent wealth creation.

MetricAVR logoAVRAnteris Technolog…EW logoEWEdwards Lifescien…MDT logoMDTMedtronic plcNVCR logoNVCRNovoCure Limited
YTD ReturnYear-to-date+33.7%-6.3%-20.0%+36.4%
1-Year ReturnPast 12 months+50.2%+7.1%-5.5%+2.6%
3-Year ReturnCumulative with dividends+17.5%-10.2%-6.3%-74.2%
5-Year ReturnCumulative with dividends+17.5%-11.5%-29.2%-90.2%
10-Year ReturnCumulative with dividends+17.5%+125.5%+24.3%+38.5%
CAGR (3Y)Annualised 3-year return+5.5%-3.5%-2.1%-36.4%
AVR leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — AVR and MDT each lead in 1 of 2 comparable metrics.

MDT is the less volatile stock with a 0.42 beta — it tends to amplify market swings less than NVCR's 2.15 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AVR currently trades 94.7% from its 52-week high vs MDT's 71.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricAVR logoAVRAnteris Technolog…EW logoEWEdwards Lifescien…MDT logoMDTMedtronic plcNVCR logoNVCRNovoCure Limited
Beta (5Y)Sensitivity to S&P 5002.14x0.64x0.42x2.15x
52-Week HighHighest price in past year$6.95$87.89$106.33$20.06
52-Week LowLowest price in past year$2.85$72.30$75.91$9.82
% of 52W HighCurrent price vs 52-week peak+94.7%+91.0%+71.6%+89.2%
RSI (14)Momentum oscillator 0–10063.453.129.270.9
Avg Volume (50D)Average daily shares traded800K4.7M7.9M1.4M
Evenly matched — AVR and MDT each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: AVR as "Buy", EW as "Buy", MDT as "Buy", NVCR as "Buy". Consensus price targets imply 128.0% upside for AVR (target: $15) vs 21.4% for EW (target: $97). MDT is the only dividend payer here at 3.65% yield — a key consideration for income-focused portfolios.

MetricAVR logoAVRAnteris Technolog…EW logoEWEdwards Lifescien…MDT logoMDTMedtronic plcNVCR logoNVCRNovoCure Limited
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$15.00$97.08$109.50$33.50
# AnalystsCovering analysts1484915
Dividend YieldAnnual dividend ÷ price+3.7%
Dividend StreakConsecutive years of raises36
Dividend / ShareAnnual DPS$2.78
Buyback YieldShare repurchases ÷ mkt cap0.0%+1.9%+3.3%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

EW leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MDT leads in 1 (Valuation Metrics). 1 tied.

Best OverallEdwards Lifesciences Corpor… (EW)Leads 2 of 6 categories
Loading custom metrics...

AVR vs EW vs MDT vs NVCR: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is AVR or EW or MDT or NVCR a better buy right now?

For growth investors, Edwards Lifesciences Corporation (EW) is the stronger pick with 11.

5% revenue growth year-over-year, versus -1. 2% for Anteris Technologies Global Corp. (AVR). Medtronic plc (MDT) offers the better valuation at 21. 1x trailing P/E (13. 8x forward), making it the more compelling value choice. Analysts rate Anteris Technologies Global Corp. (AVR) a "Buy" — based on 1 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.

02

Which has the better valuation — AVR or EW or MDT or NVCR?

On trailing P/E, Medtronic plc (MDT) is the cheapest at 21.

1x versus Edwards Lifesciences Corporation at 43. 7x. On forward P/E, Medtronic plc is actually cheaper at 13. 8x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Edwards Lifesciences Corporation wins at 3. 75x versus Medtronic plc's 35. 17x.

03

Which is the better long-term investment — AVR or EW or MDT or NVCR?

Over the past 5 years, Anteris Technologies Global Corp.

(AVR) delivered a total return of +17. 5%, compared to -90. 2% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: EW returned +125. 5% versus AVR's +17. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — AVR or EW or MDT or NVCR?

By beta (market sensitivity over 5 years), Medtronic plc (MDT) is the lower-risk stock at 0.

42β versus NovoCure Limited's 2. 15β — meaning NVCR is approximately 406% more volatile than MDT relative to the S&P 500. On balance sheet safety, Anteris Technologies Global Corp. (AVR) carries a lower debt/equity ratio of 2% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.

05

Which is growing faster — AVR or EW or MDT or NVCR?

By revenue growth (latest reported year), Edwards Lifesciences Corporation (EW) is pulling ahead at 11.

5% versus -1. 2% for Anteris Technologies Global Corp. (AVR). On earnings-per-share growth, the picture is similar: Medtronic plc grew EPS 30. 8% year-over-year, compared to -194. 5% for Anteris Technologies Global Corp.. Over a 3-year CAGR, NVCR leads at 6. 8% 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.

06

Which has better profit margins — AVR or EW or MDT or NVCR?

Edwards Lifesciences Corporation (EW) is the more profitable company, earning 17.

7% net margin versus -28. 2% for Anteris Technologies Global Corp. — 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 -29. 0% for AVR. 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.

07

Is AVR or EW or MDT or NVCR 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. 75x versus Medtronic plc's 35. 17x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Medtronic plc (MDT) trades at 13. 8x forward P/E versus 26. 6x for Edwards Lifesciences Corporation — 12. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for AVR: 128. 0% to $15. 00.

08

Which pays a better dividend — AVR or EW or MDT or NVCR?

In this comparison, MDT (3.

7% yield) pays a dividend. AVR, EW, NVCR do not pay a meaningful dividend and should not be held primarily for income.

09

Is AVR or EW or MDT or NVCR 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.

42), 3. 7% yield). Anteris Technologies Global Corp. (AVR) carries a higher beta of 2. 14 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MDT: +24. 3%, AVR: +17. 5%), 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.

10

What are the main differences between AVR and EW and MDT and NVCR?

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: AVR is a small-cap quality compounder stock; EW is a mid-cap quality compounder stock; MDT is a mid-cap income-oriented stock; NVCR is a small-cap quality compounder stock. MDT pays a dividend while AVR, EW, NVCR 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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AVR

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 40%
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EW

Steady Growth Compounder

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Net Margin > 10%
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MDT

Income & Dividend Stock

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 7%
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NVCR

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Gross Margin > 45%
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Beat Both

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Revenue Growth>
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(AVR: -44.2% · EW: 13.3%)

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