EW vs ISRG vs LMAT Stock Comparison

Edwards Lifesciences, Intuitive Surgical and Lemaitre Vascular Prices as of Oct 26, 2026 Peers: Industry group
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
2 wins
ISRG Intuitive Surgical Inc
$451.63 +11.5% 1M -17.4% 1Y
Market cap
$155.58B
P/E
52.6x
Revenue (TTM)
$11.58B
Div. yield
–
Medical Devices Healthcare
3 wins
LMAT Lemaitre Vascular Inc
$84.31 +3.4% 1M -5.5% 1Y
Market cap
$1.91B
P/E
29.1x
Revenue (TTM)
$262.43M
Div. yield
0.01%
Medical Devices Healthcare
4 wins

Head to Head

9 decided of 12

Lemaitre Vascular leads on 4 of the 12 questions below (Lemaitre Vascular 4, Intuitive Surgical 3, Edwards Lifesciences 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEWISRGLMATLeader
Larger companyMarket capitalisation $52.33B $155.58B $1.91B ISRG
Cheaper on earningsLower P/E, profitable companies only 52.1x 52.6x 29.1x LMAT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.0x 39.4x 28.6x LMAT
Faster revenue growthRevenue growth, trailing twelve months +14.6% +20.5% +11.8% ISRG
More profitableNet margin, trailing twelve months 15.4% 25.5% 25.0% ISRG
Better return on capitalReturn on invested capital 9.0% — — –
Less leveragedLower net debt / EBITDA -2.3x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +19.0% -17.4% -5.5% EW
Better 5-year returnAnnualised price return, 5 years -4.8%/yr +5.3%/yr +9.0%/yr LMAT
Less volatileAnnualised volatility, 1 year 24.8% 34.6% 46.2% EW
Higher overall scoreMean of the five percentile scores vs peers 77/100 80/100 83/100 LMAT

Percentile Scorecard

EWISRGLMAT

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

AxisEWISRGLMAT
Valuation 63 #84 of 228 53 #108 of 228 74 #59 of 228
Growth 54 #103 of 221 80 #45 of 221 89 #25 of 221
Profitability 95 #12 of 208 98 #6 of 208 96 #9 of 208
Financial Health 87 #32 of 239 78 #53 of 239 89 #27 of 239
Shareholder Returns 88 #17 of 137 92 #12 of 137 64 #50 of 137
Overall 77 80 83
  • EW ranked among 248 companies in Medical Devices and Diagnostics
  • ISRG ranked among 248 companies in Medical Devices and Diagnostics
  • LMAT 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

PeriodEWISRGLMATSPY
1 month +5.0%+11.5%+3.4% -0.8%
3 months +9.0%+26.6%-14.8% +3.5%
6 months +8.5%-4.1%-26.4% +7.0%
Year to date +6.2%-20.3%+4.0% +12.2%
1 year +19.0%-17.4%-5.5% +13.0%
3 years +46.8%+74.4%+77.9% +86.3%
3 years, per year +13.7%+20.4%+21.2% +23.1%
5 years -22.0%+29.4%+53.6% +68.6%
5 years, per year -4.8%+5.3%+9.0% +11.0%
10 years +188.3%+510.6%+344.9% +258.0%
10 years, per year +11.2%+19.8%+16.1% +13.6%

Risk

MeasureEWISRGLMATSPY
Volatility, 1Y 24.8%34.6%46.2% 12.7%
Downside volatility, 1Y 24.5%37.5%53.2% 12.7%
Beta vs S&P 500, 1Y 0.580.900.43 1.00
Return / volatility, 1Y 0.77-0.50-0.12 1.02
Max drawdown, 5Y -54.3%-49.9%-33.5% -25.4%
From 52-week high -4.8%-23.8%-28.2% -1.8%
52-week high $95.17$592.85$117.39 $779.14
52-week low $75.87$332.02$78.80 $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.

MultipleEWISRGLMAT
P/E now vs peer median 51.9xmedian 30.6x 53.3xmedian 30.6x 29.3xmedian 30.6x
P/S now vs peer median 8.0xmedian 3.0x 13.5xmedian 3.0x 7.3xmedian 3.0x
EV/EBITDA now vs peer median 30.1xmedian 17.5x 37.3xmedian 17.5x 17.5xmedian 17.5x
P/FCF now vs peer median 36.4xmedian 23.3x 43.5xmedian 23.3x 26.1xmedian 23.3x
P/B now vs peer median 4.9xmedian 2.4x 9.7xmedian 2.4x 4.6xmedian 2.4x
PEG now vs peer median -6.06median 0.87 2.07median 0.87 0.87median 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 monthsEWISRGLMAT
Revenue $6.51B $11.58B $262.43M
Gross profit $5.07B $7.78B $191.31M
Operating income $1.45B $3.28B $77.32M
Net income $1.00B $2.97B $65.67M
Free cash flow $1.43B $3.60B $73.83M
R&D $1.09B $1.49B $15.41M
EPS (diluted) $1.74 $8.41 $2.68
Cash & equivalents $2.91B $2.98B $26.63M
Total debt $598.70M – –
Shares (diluted) 577.60M 351.60M 24.53M
Enterprise value $36.34B $135.87B $467.34M

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
MetricEWISRGLMAT
P/E 51.9x 53.3x 29.3x
P/FCF 36.4x 43.5x 26.1x
P/Operating cash flow 30.4x 38.3x 23.2x
P/S 8.0x 13.5x 7.3x
P/B 4.9x 9.7x 4.6x
P/Tangible book 5.6x 10.5x 4.9x
EV/EBITDA 30.1x 37.3x 17.5x
EV/EBIT 33.5x 46.4x 20.1x
EV/Revenue 7.5x 13.2x 5.9x
EV/FCF 33.9x 42.4x 21.0x
EV/Operating cash flow 28.2x 37.3x 18.7x
PEG (3Y EPS CAGR) -6.06 2.07 0.87

Growth

14 metrics
MetricEWISRGLMAT
Revenue growth (1Y) 14.6% 20.5% 11.8%
Revenue CAGR (3Y) 15.3% 19.1% 14.0%
Gross profit growth (1Y) 13.0% 21.9% 18.0%
Gross profit CAGR (3Y) 11.9% 19.5% 18.8%
Operating income growth (1Y) -1.4% 16.6% 41.2%
Operating income CAGR (3Y) 5.0% 24.8% 36.4%
Net income growth (1Y) -75.8% 7.5% 39.4%
Net income CAGR (3Y) -10.2% 24.4% 37.6%
EPS growth (1Y) -75.3% 10.8% 30.1%
EPS CAGR (3Y) -8.6% 25.7% 33.6%
Operating cash flow growth (1Y) 116.4% 38.1% 41.2%
Operating cash flow CAGR (3Y) 22.3% 26.4% 48.0%
Free cash flow growth (1Y) 143.9% 58.4% 41.1%
Free cash flow CAGR (3Y) 26.9% 42.0% 57.4%

Profitability

14 metrics
MetricEWISRGLMAT
Gross margin 77.8% 67.2% 72.9%
EBITDA margin 24.8% 35.3% 33.8%
Operating margin 22.3% 28.4% 29.5%
Pretax margin 21.8% 31.3% 32.3%
Net margin 15.4% 25.5% 25.0%
FCF margin 22.0% 31.1% 28.1%
Operating cash flow margin 26.4% 35.3% 31.6%
Return on equity 9.5% 17.3% 15.9%
Return on assets 7.4% 14.8% 10.3%
Return on invested capital 9.0% – –
Return on capital employed 12.0% 18.7% 12.8%
Asset turnover 0.5x 0.6x 0.4x
Cash conversion (OCF / net income) 1.7x 1.4x 1.3x
Stock comp / revenue 2.6% 7.2% 3.0%

Financial Health

11 metrics
MetricEWISRGLMAT
Debt / assets 4.3% – –
Debt / equity 0.1x – –
Net debt / EBITDA -2.3x – –
Debt / FCF 0.4x – –
Liabilities / assets 22.7% 16.7% 34.4%
Equity / assets 77.3% 83.3% 65.6%
Interest coverage – – 14.9x
Current ratio 4.5x 3.3x 16.3x
Quick ratio 3.5x 2.3x 13.8x
Cash ratio 2.8x 1.6x 12.6x
Altman Z-score 12.75 30.92 7.37

Shareholder Returns

7 metrics
MetricEWISRGLMAT
Dividend yield – – 1.1%
Net buyback yield 1.9% 2.7% -0.3%
Shareholder yield 1.9% 2.7% 0.8%
Payout ratio (earnings) – – 31.2%
Payout ratio (FCF) – – 27.8%
Dividend growth (1Y) – – 26.3%
Dividend CAGR (3Y) – – 20.5%

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.

ConsensusEWISRGLMAT
Forward P/E 32.0xFY2026 39.4xFY2026 28.6xFY2026
EPS, next fiscal year $2.83FY2026 $11.47FY2026 $2.95FY2026
EPS growth, next FY +10.5%FY2026 +28.4%FY2026 +17.1%FY2026
EPS growth, the year after +12.7% +4.5% +12.9%
Revenue, next fiscal year $7.24BFY2026 $11.60BFY2026 $266.90MFY2026
Revenue growth, next FY +19.2%FY2026 +15.3%FY2026 +6.9%FY2026
Revenue growth, the year after -2.6% +11.3% +19.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEWISRGLMAT
Held by institutions 90.6% 86.2% 99.3%
Institutions holding 1,323 2,235 327
Change in shares held, QoQ +20.4% +4.6% +2.8%
Institutions buying 641 1,070 172
Institutions selling 453 877 98
Buyers to sellers 1.42 1.22 1.76

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.

EWISRGLMAT
EW 1.00 0.45 0.29
ISRG 0.45 1.00 0.23
LMAT 0.29 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EW, ISRG and LMAT?

Intuitive Surgical (ISRG) is the largest by market capitalisation: Edwards Lifesciences (EW) $52.33B, Intuitive Surgical (ISRG) $155.58B, Lemaitre Vascular (LMAT) $1.91B.

Which stock is cheaper, EW, ISRG and LMAT?

Lemaitre Vascular (LMAT) trades on the lowest price-to-earnings ratio (Edwards Lifesciences (EW) 52.1x, Intuitive Surgical (ISRG) 52.6x, Lemaitre Vascular (LMAT) 29.1x). On next year's consensus earnings, Lemaitre Vascular (LMAT) is cheapest (Edwards Lifesciences (EW) 32.0x, Intuitive Surgical (ISRG) 39.4x, Lemaitre Vascular (LMAT) 28.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Intuitive Surgical (ISRG) grew revenue fastest over the trailing twelve months: Edwards Lifesciences (EW) +14.6%, Intuitive Surgical (ISRG) +20.5%, Lemaitre Vascular (LMAT) +11.8%.

Which company is more profitable?

Intuitive Surgical (ISRG) has the highest net margin (Edwards Lifesciences (EW) 15.4%, Intuitive Surgical (ISRG) 25.5%, Lemaitre Vascular (LMAT) 25.0%).

Which stock has performed better?

Over the past year Edwards Lifesciences (EW) returned the most: Edwards Lifesciences (EW) +19.0%, Intuitive Surgical (ISRG) -17.4%, Lemaitre Vascular (LMAT) -5.5%. Over five years, Lemaitre Vascular (LMAT) compounded fastest (Edwards Lifesciences (EW) -4.8%/yr, Intuitive Surgical (ISRG) +5.3%/yr, Lemaitre Vascular (LMAT) +9.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Edwards Lifesciences (EW) 0.00%, Intuitive Surgical (ISRG) 0.00%, Lemaitre Vascular (LMAT) 0.01%. Edwards Lifesciences (EW) and Intuitive Surgical (ISRG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Edwards Lifesciences (EW) has been the steadiest (Edwards Lifesciences (EW) 24.8%, Intuitive Surgical (ISRG) 34.6%, Lemaitre Vascular (LMAT) 46.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EW, ISRG and LMAT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Lemaitre Vascular (LMAT) 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.