BVS vs EW vs MDT Stock Comparison

Bioventus, Edwards Lifesciences and Medtronic Prices as of Oct 26, 2026 Peers: Industry group
BVS Bioventus Inc.
$14.72 +6.6% 1M +112.1% 1Y
Market cap
$976.64M
P/E
17.9x
Revenue (TTM)
$581.85M
Div. yield
–
Medical Devices Healthcare
4 wins
EW Edwards Lifesciences Corp
$90.57 +5.0% 1M +19.0% 1Y
Market cap
$52.33B
P/E
52.1x
Revenue (TTM)
$6.51B
Div. yield
–
Medical Devices Healthcare
4 wins
MDT Medtronic plc
$94.78 +6.9% 1M +1.2% 1Y
Market cap
$120.11B
P/E
23.0x
Revenue (TTM)
$37.54B
Div. yield
0.03%
Medical Devices Healthcare
3 wins

Head to Head

11 decided of 12

Bioventus leads on 4 of the 12 questions below (Bioventus 4, Edwards Lifesciences 4, Medtronic 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBVSEWMDTLeader
Larger companyMarket capitalisation $976.64M $52.33B $120.11B MDT
Cheaper on earningsLower P/E, profitable companies only 17.9x 52.1x 23.0x BVS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.6x 32.0x 17.0x MDT
Faster revenue growthRevenue growth, trailing twelve months +3.1% +14.6% +9.8% EW
More profitableNet margin, trailing twelve months 9.4% 15.4% 13.9% EW
Better return on capitalReturn on invested capital 11.3% 9.0% 6.9% BVS
Less leveragedLower net debt / EBITDA 2.1x -2.3x 2.0x EW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.03% –
Better 1-year returnPrice return, last 12 months +112.1% +19.0% +1.2% BVS
Better 5-year returnAnnualised price return, 5 years -0.3%/yr -4.8%/yr -5.0%/yr BVS
Less volatileAnnualised volatility, 1 year 50.8% 24.8% 24.8% MDT
Higher overall scoreMean of the five percentile scores vs peers 72/100 77/100 66/100 EW

Percentile Scorecard

BVSEWMDT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBVSEWMDT
Valuation 94 #15 of 228 63 #84 of 228 84 #37 of 228
Growth 93 #17 of 221 54 #103 of 221 50 #111 of 221
Profitability 90 #22 of 208 95 #12 of 208 87 #28 of 208
Financial Health 28 #172 of 239 87 #32 of 239 49 #123 of 239
Shareholder Returns 54 #63 of 137 88 #17 of 137 58 #58 of 137
Overall 72 77 66
  • BVS ranked among 248 companies in Medical Devices and Diagnostics
  • EW ranked among 248 companies in Medical Devices and Diagnostics
  • MDT ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBVSEWMDTSPY
1 month +6.6%+5.0%+6.9% -0.8%
3 months +18.2%+9.0%+12.6% +3.5%
6 months +47.1%+8.5%+14.3% +7.0%
Year to date +97.8%+6.2%-1.3% +12.2%
1 year +112.1%+19.0%+1.2% +13.0%
3 years +347.4%+46.8%+36.5% +86.3%
3 years, per year +64.8%+13.7%+10.9% +23.1%
5 years -1.7%-22.0%-22.6% +68.6%
5 years, per year -0.3%-4.8%-5.0% +11.0%
10 years —+188.3%+16.8% +258.0%
10 years, per year —+11.2%+1.6% +13.6%

Risk

MeasureBVSEWMDTSPY
Volatility, 1Y 50.8%24.8%24.8% 12.7%
Downside volatility, 1Y 47.6%24.5%22.0% 12.7%
Beta vs S&P 500, 1Y 0.630.580.11 1.00
Return / volatility, 1Y 2.210.770.05 1.02
Max drawdown, 5Y -94.5%-54.3%-43.6% -25.4%
From 52-week high -3.5%-4.8%-10.0% -1.8%
52-week high $15.26$95.17$105.35 $779.14
52-week low $6.53$75.87$73.75 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBVSEWMDT
P/E now vs peer median 18.3xmedian 30.6x 51.9xmedian 30.6x 23.2xmedian 30.6x
P/S now vs peer median 2.1xmedian 3.0x 8.0xmedian 3.0x 3.2xmedian 3.0x
EV/EBITDA now vs peer median 14.1xmedian 17.5x 30.1xmedian 17.5x 14.5xmedian 17.5x
P/FCF now vs peer median 13.1xmedian 23.3x 36.4xmedian 23.3x 19.8xmedian 23.3x
P/B now vs peer median 4.5xmedian 2.4x 4.9xmedian 2.4x 2.4xmedian 2.4x
PEG now vs peer median 0.62median 0.87 -6.06median 0.87 1.60median 0.87

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBVSEWMDT
Revenue $581.85M $6.51B $37.54B
Gross profit $399.45M $5.07B $24.41B
Operating income $58.28M $1.45B $6.79B
Net income $61.48M $1.00B $5.27B
Free cash flow $94.29M $1.43B $6.13B
R&D $11.57M $1.09B $2.92B
EPS (diluted) $0.77 $1.74 $4.07
Cash & equivalents $29.46M $2.91B $1.69B
Total debt $248.45M $598.70M $113.29B
Shares (diluted) 70.84M 577.60M 1.29B
Enterprise value $817.93M $36.34B $85.36B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBVSEWMDT
P/E 18.3x 51.9x 23.2x
P/FCF 13.1x 36.4x 19.8x
P/Operating cash flow 12.8x 30.4x 15.1x
P/S 2.1x 8.0x 3.2x
P/B 4.5x 4.9x 2.4x
P/Tangible book -16.8x 5.6x 3.0x
EV/EBITDA 14.1x 30.1x 14.5x
EV/EBIT 25.0x 33.5x 20.7x
EV/Revenue 2.5x 7.5x 3.7x
EV/FCF 15.4x 33.9x 22.9x
EV/Operating cash flow 15.0x 28.2x 17.5x
PEG (3Y EPS CAGR) 0.62 -6.06 1.60

Growth

14 metrics
MetricBVSEWMDT
Revenue growth (1Y) 3.1% 14.6% 9.8%
Revenue CAGR (3Y) 4.4% 15.3% 6.0%
Gross profit growth (1Y) 4.7% 13.0% 9.3%
Gross profit CAGR (3Y) 7.5% 11.9% 5.6%
Operating income growth (1Y) 68.5% -1.4% 10.9%
Operating income CAGR (3Y) 31.2% 5.0% 6.4%
Net income growth (1Y) 12,370% -75.8% 12.4%
Net income CAGR (3Y) 29.4% -10.2% 13.0%
EPS growth (1Y) 7,309% -75.3% 12.4%
EPS CAGR (3Y) 29.5% -8.6% 14.5%
Operating cash flow growth (1Y) 167.3% 116.4% 12.4%
Operating cash flow CAGR (3Y) 69.2% 22.3% 11.3%
Free cash flow growth (1Y) 176.5% 143.9% 15.6%
Free cash flow CAGR (3Y) 71.9% 26.9% 11.3%

Profitability

14 metrics
MetricBVSEWMDT
Gross margin 68.7% 77.8% 65.0%
EBITDA margin 17.8% 24.8% 25.9%
Operating margin 10.0% 22.3% 18.1%
Pretax margin 6.6% 21.8% 17.6%
Net margin 9.4% 15.4% 13.9%
FCF margin 16.2% 22.0% 16.3%
Operating cash flow margin 16.6% 26.4% 21.4%
Return on equity 24.0% 9.5% 10.4%
Return on assets 9.3% 7.4% 5.7%
Return on invested capital 11.3% 9.0% 6.9%
Return on capital employed 11.4% 12.0% 8.3%
Asset turnover 0.9x 0.5x 0.4x
Cash conversion (OCF / net income) 1.6x 1.7x 1.5x
Stock comp / revenue 2.6% 2.6% 1.3%

Financial Health

11 metrics
MetricBVSEWMDT
Debt / assets 36.9% 4.3% 30.2%
Debt / equity 0.9x 0.1x 0.6x
Net debt / EBITDA 2.1x -2.3x 2.0x
Debt / FCF 2.6x 0.4x 4.6x
Liabilities / assets 58.8% 22.7% 45.5%
Equity / assets 41.2% 77.3% 54.5%
Interest coverage – – 9.4x
Current ratio 1.7x 4.5x 2.1x
Quick ratio 1.1x 3.5x 1.3x
Cash ratio 0.2x 2.8x 0.7x
Altman Z-score 2.59 12.75 3.02

Shareholder Returns

7 metrics
MetricBVSEWMDT
Dividend yield – – 3.0%
Net buyback yield -0.1% 1.9% 0.2%
Shareholder yield -0.1% 1.9% 3.2%
Payout ratio (earnings) – – 69.3%
Payout ratio (FCF) – – 59.5%
Dividend growth (1Y) – – 1.4%
Dividend CAGR (3Y) – – 0.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBVSEWMDT
Forward P/E 19.6xFY2026 32.0xFY2026 17.0xFY2026
EPS, next fiscal year $0.75FY2026 $2.83FY2026 $5.57FY2026
EPS growth, next FY +10.3%FY2026 +10.5%FY2026 +0.7%FY2026
EPS growth, the year after +30.7% +12.7% +7.2%
Revenue, next fiscal year $632.22MFY2026 $7.24BFY2026 $39.92BFY2026
Revenue growth, next FY +11.3%FY2026 +19.2%FY2026 +9.8%FY2026
Revenue growth, the year after -2.6% -2.6% -4.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBVSEWMDT
Held by institutions 78.9% 90.6% 85.1%
Institutions holding 156 1,323 2,124
Change in shares held, QoQ +5.8% +20.4% -0.2%
Institutions buying 101 641 1,013
Institutions selling 37 453 913
Buyers to sellers 2.73 1.42 1.11

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BVSEWMDT
BVS 1.00 0.23 0.33
EW 0.23 1.00 0.33
MDT 0.33 0.33 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BVS, EW and MDT?

Medtronic (MDT) is the largest by market capitalisation: Bioventus (BVS) $976.64M, Edwards Lifesciences (EW) $52.33B, Medtronic (MDT) $120.11B.

Which stock is cheaper, BVS, EW and MDT?

Bioventus (BVS) trades on the lowest price-to-earnings ratio (Bioventus (BVS) 17.9x, Edwards Lifesciences (EW) 52.1x, Medtronic (MDT) 23.0x). On next year's consensus earnings, Medtronic (MDT) is cheapest (Bioventus (BVS) 19.6x, Edwards Lifesciences (EW) 32.0x, Medtronic (MDT) 17.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Edwards Lifesciences (EW) grew revenue fastest over the trailing twelve months: Bioventus (BVS) +3.1%, Edwards Lifesciences (EW) +14.6%, Medtronic (MDT) +9.8%.

Which company is more profitable?

Edwards Lifesciences (EW) has the highest net margin (Bioventus (BVS) 9.4%, Edwards Lifesciences (EW) 15.4%, Medtronic (MDT) 13.9%). On return on invested capital, Bioventus (BVS) leads (Bioventus (BVS) 11.3%, Edwards Lifesciences (EW) 9.0%, Medtronic (MDT) 6.9%).

Which stock has performed better?

Over the past year Bioventus (BVS) returned the most: Bioventus (BVS) +112.1%, Edwards Lifesciences (EW) +19.0%, Medtronic (MDT) +1.2%. Over five years, Bioventus (BVS) compounded fastest (Bioventus (BVS) -0.3%/yr, Edwards Lifesciences (EW) -4.8%/yr, Medtronic (MDT) -5.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Bioventus (BVS) 0.00%, Edwards Lifesciences (EW) 0.00%, Medtronic (MDT) 0.03%. Bioventus (BVS) and Edwards Lifesciences (EW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Medtronic (MDT) has been the steadiest (Bioventus (BVS) 50.8%, Edwards Lifesciences (EW) 24.8%, Medtronic (MDT) 24.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BVS, EW and MDT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bioventus (BVS) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.