EW vs RMD vs DXCM Stock Comparison

Edwards Lifesciences, Resmed and Dexcom Prices as of Oct 27, 2026 Peers: Industry group
EW Edwards Lifesciences Corp
$90.81 +5.2% 1M +12.4% 1Y
Market cap
$52.80B
P/E
52.5x
Revenue (TTM)
$6.51B
Div. yield
–
Medical Devices Healthcare
4 wins
RMD Resmed Inc
$250.71 +12.9% 1M -3.3% 1Y
Market cap
$36.60B
P/E
24.0x
Revenue (TTM)
$5.65B
Div. yield
–
Medical Devices Healthcare
6 wins
DXCM Dexcom Inc
$78.56 -9.3% 1M +11.2% 1Y
Market cap
$30.16B
P/E
30.2x
Revenue (TTM)
$4.97B
Div. yield
–
Medical Devices Healthcare
1 win

Head to Head

11 decided of 12

Resmed leads on 6 of the 12 questions below (Resmed 6, Edwards Lifesciences 4, Dexcom 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEWRMDDXCMLeader
Larger companyMarket capitalisation $52.80B $36.60B $30.16B EW
Cheaper on earningsLower P/E, profitable companies only 52.5x 24.0x 30.2x RMD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.1x 19.5x 27.8x RMD
Faster revenue growthRevenue growth, trailing twelve months +14.6% +9.9% +15.5% DXCM
More profitableNet margin, trailing twelve months 15.4% 26.9% 20.1% RMD
Better return on capitalReturn on invested capital 9.0% 20.8% — RMD
Less leveragedLower net debt / EBITDA -2.3x -0.4x — EW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +12.4% -3.3% +11.2% EW
Better 5-year returnAnnualised price return, 5 years -4.9%/yr -1.4%/yr -11.2%/yr RMD
Less volatileAnnualised volatility, 1 year 24.7% 29.0% 40.7% EW
Higher overall scoreMean of the five percentile scores vs peers 78/100 78/100 77/100 RMD

Percentile Scorecard

EWRMDDXCM

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

AxisEWRMDDXCM
Valuation 64 #83 of 227 74 #61 of 227 71 #67 of 227
Growth 55 #100 of 219 63 #81 of 219 97 #8 of 219
Profitability 95 #12 of 206 99 #3 of 206 100 #1 of 206
Financial Health 87 #31 of 238 76 #59 of 238 33 #159 of 238
Shareholder Returns 88 #17 of 134 81 #27 of 134 87 #19 of 134
Overall 78 78 77
  • EW ranked among 247 companies in Medical Devices and Diagnostics
  • RMD 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

PeriodEWRMDDXCMSPY
1 month +5.2%+12.9%-9.3% -0.2%
3 months +8.5%+19.9%+5.0% +3.9%
6 months +10.4%+15.5%+32.4% +8.2%
Year to date +6.5%+4.1%+18.4% +12.9%
1 year +12.4%-3.3%+11.2% +12.3%
3 years +47.2%+86.2%-12.0% +87.4%
3 years, per year +13.8%+23.0%-4.2% +23.3%
5 years -22.1%-6.7%-44.9% +67.9%
5 years, per year -4.9%-1.4%-11.2% +10.9%
10 years +195.5%+319.0%+316.8% +261.1%
10 years, per year +11.4%+15.4%+15.3% +13.7%

Risk

MeasureEWRMDDXCMSPY
Volatility, 1Y 24.7%29.0%40.7% 12.7%
Downside volatility, 1Y 24.5%30.7%40.2% 12.7%
Beta vs S&P 500, 1Y 0.580.400.64 1.00
Return / volatility, 1Y 0.50-0.110.28 0.97
Max drawdown, 5Y -54.3%-49.9%-66.3% -25.4%
From 52-week high -4.6%-9.1%-14.9% -1.2%
52-week high $95.17$275.96$92.34 $779.14
52-week low $75.87$182.82$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.

MultipleEWRMDDXCM
P/E now vs peer median 52.1xmedian 29.6x 24.0xmedian 29.6x 30.0xmedian 29.6x
P/S now vs peer median 8.0xmedian 2.9x 6.4xmedian 2.9x 6.0xmedian 2.9x
EV/EBITDA now vs peer median 30.2xmedian 17.4x 16.9xmedian 17.4x 19.7xmedian 17.4x
P/FCF now vs peer median 36.5xmedian 22.3x 21.9xmedian 22.3x 21.1xmedian 22.3x
P/B now vs peer median 4.9xmedian 2.3x 5.5xmedian 2.3x 11.3xmedian 2.3x
PEG now vs peer median -6.07median 1.04 1.22median 1.04 0.66median 1.04

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 monthsEWRMDDXCM
Revenue $6.51B $5.65B $4.97B
Gross profit $5.07B $3.45B $3.10B
Operating income $1.45B $1.89B $1.14B
Net income $1.00B $1.52B $999.70M
Free cash flow $1.43B $1.65B $1.41B
R&D $1.09B $378.28M $604.00M
EPS (diluted) $1.74 $10.43 $2.56
Cash & equivalents $2.91B $1.47B $1.11B
Total debt $598.70M $659.37M –
Shares (diluted) 577.60M 146.05M 390.10M
Enterprise value $36.81B $30.67B $20.48B

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
MetricEWRMDDXCM
P/E 52.1x 24.0x 30.0x
P/FCF 36.5x 21.9x 21.1x
P/Operating cash flow 30.4x 20.0x 17.0x
P/S 8.0x 6.4x 6.0x
P/B 4.9x 5.5x 11.3x
P/Tangible book 5.6x 5.9x 11.8x
EV/EBITDA 30.2x 16.9x 19.7x
EV/EBIT 33.6x 18.7x 24.3x
EV/Revenue 7.5x 6.3x 5.6x
EV/FCF 34.0x 21.4x 19.7x
EV/Operating cash flow 28.3x 19.6x 15.8x
PEG (3Y EPS CAGR) -6.07 1.22 0.66

Growth

14 metrics
MetricEWRMDDXCM
Revenue growth (1Y) 14.6% 9.9% 15.5%
Revenue CAGR (3Y) 15.3% 10.2% 15.8%
Gross profit growth (1Y) 13.0% 13.0% 22.8%
Gross profit CAGR (3Y) 11.9% 13.6% 14.9%
Operating income growth (1Y) -1.4% 11.9% 65.8%
Operating income CAGR (3Y) 5.0% 18.6% 36.5%
Net income growth (1Y) -75.8% 8.8% 74.9%
Net income CAGR (3Y) -10.2% 19.3% 40.9%
EPS growth (1Y) -75.3% 9.7% 83.0%
EPS CAGR (3Y) -8.6% 19.7% 45.7%
Operating cash flow growth (1Y) 116.4% 3.1% 77.0%
Operating cash flow CAGR (3Y) 22.3% 37.6% 31.4%
Free cash flow growth (1Y) 143.9% -0.7% 146.1%
Free cash flow CAGR (3Y) 26.9% 42.2% 44.5%

Profitability

14 metrics
MetricEWRMDDXCM
Gross margin 77.8% 61.1% 62.5%
EBITDA margin 24.8% 36.9% 28.2%
Operating margin 22.3% 33.4% 22.9%
Pretax margin 21.8% 34.0% 25.8%
Net margin 15.4% 26.9% 20.1%
FCF margin 22.0% 29.2% 28.3%
Operating cash flow margin 26.4% 31.9% 35.2%
Return on equity 9.5% 23.3% 35.8%
Return on assets 7.4% 17.2% 15.3%
Return on invested capital 9.0% 20.8% –
Return on capital employed 12.0% 25.2% 27.2%
Asset turnover 0.5x 0.6x 0.8x
Cash conversion (OCF / net income) 1.7x 1.2x 1.7x
Stock comp / revenue 2.6% 1.8% 3.3%

Financial Health

11 metrics
MetricEWRMDDXCM
Debt / assets 4.3% 7.4% –
Debt / equity 0.1x 0.1x –
Net debt / EBITDA -2.3x -0.4x –
Debt / FCF 0.4x 0.4x –
Liabilities / assets 22.7% 26.6% 59.4%
Equity / assets 77.3% 73.4% 40.6%
Interest coverage – – –
Current ratio 4.5x 3.1x 1.7x
Quick ratio 3.5x 1.8x 1.4x
Cash ratio 2.8x 1.1x 0.8x
Altman Z-score 12.77 11.96 6.94

Shareholder Returns

7 metrics
MetricEWRMDDXCM
Dividend yield – 1.0% –
Net buyback yield 1.9% 1.7% 1.6%
Shareholder yield 1.9% 2.7% 1.6%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusEWRMDDXCM
Forward P/E 32.1xFY2026 19.5xFY2027 27.8xFY2026
EPS, next fiscal year $2.83FY2026 $12.86FY2027 $2.83FY2026
EPS growth, next FY +10.5%FY2026 +15.1%FY2027 +35.4%FY2026
EPS growth, the year after +12.7% +9.8% +4.9%
Revenue, next fiscal year $7.24BFY2026 $5.97BFY2027 $5.08BFY2026
Revenue growth, next FY +19.2%FY2026 +5.6%FY2027 +9.0%FY2026
Revenue growth, the year after -2.6% -3.4% +16.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEWRMDDXCM
Held by institutions 90.6% 68.7% 100.0%
Institutions holding 1,323 887 974
Change in shares held, QoQ +20.4% +3.2% +6.3%
Institutions buying 641 404 519
Institutions selling 453 358 344
Buyers to sellers 1.42 1.13 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.

EWRMDDXCM
EW 1.00 0.32 0.34
RMD 0.32 1.00 0.34
DXCM 0.34 0.34 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EW, RMD and DXCM?

Edwards Lifesciences (EW) is the largest by market capitalisation: Edwards Lifesciences (EW) $52.80B, Resmed (RMD) $36.60B, Dexcom (DXCM) $30.16B.

Which stock is cheaper, EW, RMD and DXCM?

Resmed (RMD) trades on the lowest price-to-earnings ratio (Edwards Lifesciences (EW) 52.5x, Resmed (RMD) 24.0x, Dexcom (DXCM) 30.2x). On next year's consensus earnings, Resmed (RMD) is cheapest (Edwards Lifesciences (EW) 32.1x, Resmed (RMD) 19.5x, Dexcom (DXCM) 27.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Dexcom (DXCM) grew revenue fastest over the trailing twelve months: Edwards Lifesciences (EW) +14.6%, Resmed (RMD) +9.9%, Dexcom (DXCM) +15.5%.

Which company is more profitable?

Resmed (RMD) has the highest net margin (Edwards Lifesciences (EW) 15.4%, Resmed (RMD) 26.9%, Dexcom (DXCM) 20.1%). On return on invested capital, Resmed (RMD) leads (Edwards Lifesciences (EW) 9.0%, Resmed (RMD) 20.8%).

Which stock has performed better?

Over the past year Edwards Lifesciences (EW) returned the most: Edwards Lifesciences (EW) +12.4%, Resmed (RMD) -3.3%, Dexcom (DXCM) +11.2%. Over five years, Resmed (RMD) compounded fastest (Edwards Lifesciences (EW) -4.9%/yr, Resmed (RMD) -1.4%/yr, Dexcom (DXCM) -11.2%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Edwards Lifesciences (EW) has been the steadiest (Edwards Lifesciences (EW) 24.7%, Resmed (RMD) 29.0%, Dexcom (DXCM) 40.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EW, RMD 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, Resmed (RMD) leads on 6. 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.