Medical - Devices
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2 / 10Stock Comparison
BSX vs EW
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
BSX vs EW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Devices | Medical - Devices |
| Market Cap | $83.23B | $47.97B |
| Revenue (TTM) | $20.07B | $6.07B |
| Net Income (TTM) | $2.89B | $1.07B |
| Gross Margin | 69.0% | 78.1% |
| Operating Margin | 19.8% | 26.7% |
| Forward P/E | 16.6x | 27.7x |
| Total Debt | $12.42B | $705M |
| Cash & Equiv. | $2.04B | $2.94B |
BSX 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% |
| Edwards Lifescience… (EW) | 100 | 111.1 | +11.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BSX vs EW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BSX has the current edge in this matchup, primarily because of its strength in income & stability and growth exposure.
- Dividend streak 0 yrs, beta 0.34
- Rev growth 19.9%, EPS growth 55.2%, 3Y rev CAGR 16.5%
- 154.2% 10Y total return vs EW's 136.1%
EW is the clearest fit if your priority is quality and momentum.
- 17.6% margin vs BSX's 14.4%
- +11.1% vs BSX's -46.2%
- 8.0% ROA vs BSX's 6.9%, ROIC 15.5% vs 8.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 19.9% revenue growth vs EW's 11.5% | |
| Value | Lower P/E (16.6x vs 27.7x) | |
| Quality / Margins | 17.6% margin vs BSX's 14.4% | |
| Stability / Safety | Beta 0.34 vs EW's 0.65 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +11.1% vs BSX's -46.2% | |
| Efficiency (ROA) | 8.0% ROA vs BSX's 6.9%, ROIC 15.5% vs 8.8% |
BSX vs EW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BSX vs EW — Financial Metrics
Side-by-side numbers across 2 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)
BSX is the larger business by revenue, generating $20.1B annually — 3.3x EW's $6.1B. Profitability is closely matched — net margins range from 17.6% (EW) to 14.4% (BSX).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $20.1B | $6.1B |
| EBITDAEarnings before interest/tax | $4.7B | $1.8B |
| Net IncomeAfter-tax profit | $2.9B | $1.1B |
| Free Cash FlowCash after capex | $3.6B | $1.3B |
| Gross MarginGross profit ÷ Revenue | +69.0% | +78.1% |
| Operating MarginEBIT ÷ Revenue | +19.8% | +26.7% |
| Net MarginNet income ÷ Revenue | +14.4% | +17.6% |
| FCF MarginFCF ÷ Revenue | +18.1% | +22.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +15.9% | +13.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +18.5% | -75.4% |
Valuation Metrics
BSX leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 28.9x trailing earnings, BSX trades at a 37% valuation discount to EW's 45.5x P/E. On an enterprise value basis, BSX's 25.1x EV/EBITDA is more attractive than EW's 25.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $83.2B | $48.0B |
| Enterprise ValueMkt cap + debt − cash | $93.6B | $45.7B |
| Trailing P/EPrice ÷ TTM EPS | 28.87x | 45.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.58x | 27.67x |
| PEG RatioP/E ÷ EPS growth rate | — | 6.42x |
| EV / EBITDAEnterprise value multiple | 25.07x | 25.51x |
| Price / SalesMarket cap ÷ Revenue | 4.15x | 7.91x |
| Price / BookPrice ÷ Book value/share | 3.42x | 4.71x |
| Price / FCFMarket cap ÷ FCF | 22.75x | 35.93x |
Profitability & Efficiency
EW leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
BSX delivers a 12.4% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $10 for EW. EW carries lower financial leverage with a 0.07x debt-to-equity ratio, signaling a more conservative balance sheet compared to BSX's 0.51x. 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% | +10.4% |
| ROA (TTM)Return on assets | +6.9% | +8.0% |
| ROICReturn on invested capital | +8.8% | +15.5% |
| ROCEReturn on capital employed | +11.1% | +14.0% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 0.51x | 0.07x |
| Net DebtTotal debt minus cash | $10.4B | -$2.2B |
| Cash & Equiv.Liquid assets | $2.0B | $2.9B |
| Total DebtShort + long-term debt | $12.4B | $705M |
| Interest CoverageEBIT ÷ Interest expense | 11.03x | — |
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 $9,068 for EW. 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% | -2.5% |
| 1-Year ReturnPast 12 months | -46.2% | +11.1% |
| 3-Year ReturnCumulative with dividends | +5.4% | -6.5% |
| 5-Year ReturnCumulative with dividends | +30.1% | -9.3% |
| 10-Year ReturnCumulative with dividends | +154.2% | +136.1% |
| CAGR (3Y)Annualised 3-year return | +1.8% | -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 | 0.65x |
| 52-Week HighHighest price in past year | $109.50 | $87.89 |
| 52-Week LowLowest price in past year | $54.98 | $72.30 |
| % of 52W HighCurrent price vs 52-week peak | +51.1% | +94.7% |
| RSI (14)Momentum oscillator 0–100 | 33.1 | 53.9 |
| Avg Volume (50D)Average daily shares traded | 15.3M | 4.8M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates BSX as "Buy" and EW as "Buy". Consensus price targets imply 63.1% upside for BSX (target: $91) vs 16.0% for EW (target: $97).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $91.33 | $96.53 |
| # AnalystsCovering analysts | 43 | 48 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.9% |
EW leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BSX leads in 2 (Valuation Metrics, Total Returns). 1 tied.
BSX vs EW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BSX 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 11. 5% for Edwards Lifesciences Corporation (EW). Boston Scientific Corporation (BSX) offers the better valuation at 28. 9x trailing P/E (16. 6x 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 EW?
On trailing P/E, Boston Scientific Corporation (BSX) is the cheapest at 28.
9x versus Edwards Lifesciences Corporation at 45. 5x. On forward P/E, Boston Scientific Corporation is actually cheaper at 16. 6x.
03Which is the better long-term investment — BSX or EW?
Over the past 5 years, Boston Scientific Corporation (BSX) delivered a total return of +30.
1%, compared to -9. 3% for Edwards Lifesciences Corporation (EW). Over 10 years, the gap is even starker: BSX returned +154. 2% versus EW's +136. 1%. 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 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 51% for Boston Scientific Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — BSX or EW?
By revenue growth (latest reported year), Boston Scientific Corporation (BSX) is pulling ahead at 19.
9% versus 11. 5% for Edwards Lifesciences Corporation (EW). 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 EW?
Edwards Lifesciences Corporation (EW) is the more profitable company, earning 17.
7% net margin versus 14. 4% for Boston Scientific Corporation — 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 19. 8% for BSX. 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 EW more undervalued right now?
On forward earnings alone, Boston Scientific Corporation (BSX) trades at 16.
6x forward P/E versus 27. 7x for Edwards Lifesciences Corporation — 11. 1x 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 EW?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is BSX or EW better for a retirement portfolio?
For long-horizon retirement investors, Boston Scientific Corporation (BSX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
34), +154. 2% 10Y return). Both have compounded well over 10 years (BSX: +154. 2%, 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 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; EW is a mid-cap quality compounder stock. 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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