EW vs LMAT vs DXCM Stock Comparison

Edwards Lifesciences, Lemaitre Vascular and Dexcom Prices as of Oct 29, 2026 Peers: Industry group
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EW Edwards Lifesciences Corp
$94.40 +7.1% 1M +14.2% 1Y
Market cap
$54.43B
P/E
54.1x
Revenue (TTM)
$6.51B
Div. yield
–
Medical Devices Healthcare
3 wins
LMAT Lemaitre Vascular Inc
$85.27 +2.9% 1M -4.1% 1Y
Market cap
$1.95B
P/E
29.7x
Revenue (TTM)
$262.43M
Div. yield
1.11%
Medical Devices Healthcare
4 wins
DXCM Dexcom Inc
$79.93 -7.7% 1M +17.2% 1Y
Market cap
$29.81B
P/E
30.2x
Revenue (TTM)
$5.10B
Div. yield
–
Medical Devices Healthcare
2 wins

Head to Head

9 decided of 12

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

QuestionEWLMATDXCMLeader
Larger companyMarket capitalisation $54.43B $1.95B $29.81B EW
Cheaper on earningsLower P/E, profitable companies only 54.1x 29.7x 30.2x LMAT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 33.4x 28.9x 28.2x DXCM
Faster revenue growthRevenue growth, trailing twelve months +14.6% +11.8% +13.0% EW
More profitableNet margin, trailing twelve months 15.4% 25.0% 19.4% LMAT
Better return on capitalReturn on invested capital 9.0% — — –
Less leveragedLower net debt / EBITDA -2.3x — — –
Higher dividend yieldTrailing dividend yield — 1.11% — –
Better 1-year returnPrice return, last 12 months +14.2% -4.1% +17.2% DXCM
Better 5-year returnAnnualised price return, 5 years -4.7%/yr +10.4%/yr -12.5%/yr LMAT
Less volatileAnnualised volatility, 1 year 24.8% 46.2% 40.7% EW
Higher overall scoreMean of the five percentile scores vs peers 77/100 82/100 75/100 LMAT

Percentile Scorecard

EWLMATDXCM

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

AxisEWLMATDXCM
Valuation 64 #83 of 227 74 #60 of 227 70 #69 of 227
Growth 54 #101 of 218 89 #26 of 218 82 #40 of 218
Profitability 95 #11 of 202 96 #9 of 202 99 #3 of 202
Financial Health 87 #31 of 233 89 #26 of 233 34 #155 of 233
Shareholder Returns 87 #18 of 130 64 #48 of 130 88 #16 of 130
Overall 77 82 75
  • EW ranked among 247 companies in Medical Devices and Diagnostics
  • LMAT ranked among 247 companies in Medical Devices and Diagnostics
  • DXCM ranked among 247 companies in Medical Devices and Diagnostics

Price Performance

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

Returns

PeriodEWLMATDXCMSPY
1 month +7.1%+2.9%-7.7% +0.7%
3 months +8.6%-16.6%+7.2% +3.7%
6 months +13.1%-22.3%+34.2% +7.1%
Year to date +10.7%+5.1%+20.4% +12.8%
1 year +14.2%-4.1%+17.2% +11.9%
3 years +51.4%+78.0%-5.9% +85.2%
3 years, per year +14.8%+21.2%-2.0% +22.8%
5 years -21.2%+63.9%-48.7% +67.6%
5 years, per year -4.7%+10.4%-12.5% +10.9%
10 years +194.5%+295.1%+317.0% +262.0%
10 years, per year +11.4%+14.7%+15.3% +13.7%

Risk

MeasureEWLMATDXCMSPY
Volatility, 1Y 24.8%46.2%40.7% 12.7%
Downside volatility, 1Y 24.5%53.2%40.3% 12.6%
Beta vs S&P 500, 1Y 0.570.420.64 1.00
Return / volatility, 1Y 0.57-0.090.42 0.94
Max drawdown, 5Y -54.3%-33.5%-66.3% -25.4%
From 52-week high -0.8%-27.4%-13.4% -1.2%
52-week high $95.17$117.39$92.34 $779.14
52-week low $75.87$78.80$54.84 $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.

MultipleEWLMATDXCM
P/E now vs peer median 54.1xmedian 28.7x 29.7xmedian 28.7x 30.2xmedian 28.7x
P/S now vs peer median 8.4xmedian 3.0x 7.4xmedian 3.0x 5.8xmedian 3.0x
EV/EBITDA now vs peer median 31.5xmedian 17.8x 17.7xmedian 17.8x 18.7xmedian 17.8x
P/FCF now vs peer median 38.0xmedian 26.4x 26.4xmedian 26.4x 27.1xmedian 26.4x
P/B now vs peer median 5.1xmedian 2.4x 4.6xmedian 2.4x 11.8xmedian 2.4x
PEG now vs peer median -6.31median 0.99 0.88median 0.99 0.70median 0.99

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 monthsEWLMATDXCM
Revenue $6.51B $262.43M $5.10B
Gross profit $5.07B $191.31M $3.24B
Operating income $1.45B $77.32M $1.22B
Net income $1.00B $65.67M $991.00M
Free cash flow $1.43B $73.83M $1.10B
R&D $1.09B $15.41M $608.10M
EPS (diluted) $1.74 $2.68 $2.58
Cash & equivalents $2.91B $26.63M $961.40M
Total debt $598.70M – –
Shares (diluted) 577.60M 24.53M 383.50M
Enterprise value $38.55B $504.04M $21.64B

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
MetricEWLMATDXCM
P/E 54.1x 29.7x 30.2x
P/FCF 38.0x 26.4x 27.1x
P/Operating cash flow 31.6x 23.5x 21.1x
P/S 8.4x 7.4x 5.8x
P/B 5.1x 4.6x 11.8x
P/Tangible book 5.8x 5.0x 12.2x
EV/EBITDA 31.5x 17.7x 18.7x
EV/EBIT 35.0x 20.4x 22.9x
EV/Revenue 7.8x 6.0x 5.5x
EV/FCF 35.4x 21.3x 25.5x
EV/Operating cash flow 29.5x 19.0x 19.8x
PEG (3Y EPS CAGR) -6.31 0.88 0.70

Growth

14 metrics
MetricEWLMATDXCM
Revenue growth (1Y) 14.6% 11.8% 13.0%
Revenue CAGR (3Y) 15.3% 14.0% 14.5%
Gross profit growth (1Y) 13.0% 18.0% 21.5%
Gross profit CAGR (3Y) 11.9% 18.8% 14.2%
Operating income growth (1Y) -1.4% 41.2% 57.4%
Operating income CAGR (3Y) 5.0% 36.4% 34.2%
Net income growth (1Y) -75.8% 39.4% 37.5%
Net income CAGR (3Y) -10.2% 37.6% 38.0%
EPS growth (1Y) -75.3% 30.1% 46.1%
EPS CAGR (3Y) -8.6% 33.6% 43.0%
Operating cash flow growth (1Y) 116.4% 41.2% -2.3%
Operating cash flow CAGR (3Y) 22.3% 48.0% 23.7%
Free cash flow growth (1Y) 143.9% 41.1% 3.4%
Free cash flow CAGR (3Y) 26.9% 57.4% 30.0%

Profitability

14 metrics
MetricEWLMATDXCM
Gross margin 77.8% 72.9% 63.4%
EBITDA margin 24.8% 33.8% 29.4%
Operating margin 22.3% 29.5% 24.0%
Pretax margin 21.8% 32.3% 24.7%
Net margin 15.4% 25.0% 19.4%
FCF margin 22.0% 28.1% 21.5%
Operating cash flow margin 26.4% 31.6% 27.7%
Return on equity 9.5% 15.9% 38.4%
Return on assets 7.4% 10.3% 15.6%
Return on invested capital 9.0% – –
Return on capital employed 12.0% 12.8% 29.9%
Asset turnover 0.5x 0.4x 0.8x
Cash conversion (OCF / net income) 1.7x 1.3x 1.4x
Stock comp / revenue 2.6% 3.0% 3.0%

Financial Health

11 metrics
MetricEWLMATDXCM
Debt / assets 4.3% – –
Debt / equity 0.1x – –
Net debt / EBITDA -2.3x – –
Debt / FCF 0.4x – –
Liabilities / assets 22.7% 34.4% 59.4%
Equity / assets 77.3% 65.6% 40.6%
Interest coverage – 14.9x –
Current ratio 4.5x 16.3x 1.7x
Quick ratio 3.5x 13.8x 1.3x
Cash ratio 2.8x 12.6x 0.8x
Altman Z-score 13.17 7.43 7.32

Shareholder Returns

7 metrics
MetricEWLMATDXCM
Dividend yield – 1.1% –
Net buyback yield 1.9% -0.3% 2.3%
Shareholder yield 1.9% 0.8% 2.3%
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.

ConsensusEWLMATDXCM
Forward P/E 33.4xFY2026 28.9xFY2026 28.2xFY2026
EPS, next fiscal year $2.83FY2026 $2.95FY2026 $2.83FY2026
EPS growth, next FY +10.5%FY2026 +17.1%FY2026 +35.4%FY2026
EPS growth, the year after +12.7% +12.9% +4.9%
Revenue, next fiscal year $7.24BFY2026 $266.90MFY2026 $5.08BFY2026
Revenue growth, next FY +19.2%FY2026 +6.9%FY2026 +9.0%FY2026
Revenue growth, the year after -2.6% +19.4% +16.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEWLMATDXCM
Held by institutions 90.6% 99.3% 100.0%
Institutions holding 1,324 327 976
Change in shares held, QoQ +20.4% +2.8% +6.3%
Institutions buying 641 172 521
Institutions selling 454 98 344
Buyers to sellers 1.41 1.76 1.51

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.

EWLMATDXCM
EW 1.00 0.29 0.34
LMAT 0.29 1.00 0.28
DXCM 0.34 0.28 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EW, LMAT and DXCM?

Edwards Lifesciences (EW) is the largest by market capitalisation: Edwards Lifesciences (EW) $54.43B, Lemaitre Vascular (LMAT) $1.95B, Dexcom (DXCM) $29.81B.

Which stock is cheaper, EW, LMAT and DXCM?

Lemaitre Vascular (LMAT) trades on the lowest price-to-earnings ratio (Edwards Lifesciences (EW) 54.1x, Lemaitre Vascular (LMAT) 29.7x, Dexcom (DXCM) 30.2x). On next year's consensus earnings, Dexcom (DXCM) is cheapest (Edwards Lifesciences (EW) 33.4x, Lemaitre Vascular (LMAT) 28.9x, Dexcom (DXCM) 28.2x). 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: Edwards Lifesciences (EW) +14.6%, Lemaitre Vascular (LMAT) +11.8%, Dexcom (DXCM) +13.0%.

Which company is more profitable?

Lemaitre Vascular (LMAT) has the highest net margin (Edwards Lifesciences (EW) 15.4%, Lemaitre Vascular (LMAT) 25.0%, Dexcom (DXCM) 19.4%).

Which stock has performed better?

Over the past year Dexcom (DXCM) returned the most: Edwards Lifesciences (EW) +14.2%, Lemaitre Vascular (LMAT) -4.1%, Dexcom (DXCM) +17.2%. Over five years, Lemaitre Vascular (LMAT) compounded fastest (Edwards Lifesciences (EW) -4.7%/yr, Lemaitre Vascular (LMAT) +10.4%/yr, Dexcom (DXCM) -12.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Lemaitre Vascular (LMAT) 1.11%. Edwards Lifesciences (EW) and Dexcom (DXCM) 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%, Lemaitre Vascular (LMAT) 46.2%, Dexcom (DXCM) 40.7%). Volatility measures how widely the price swings, not the risk of the business.

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

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.