RMD vs EW vs DXCM Stock Comparison

Resmed, Edwards Lifesciences and Dexcom Prices as of Oct 26, 2026 Peers: Industry group
RMD Resmed Inc
$253.24 +14.1% 1M -2.4% 1Y
Market cap
$36.52B
P/E
24.0x
Revenue (TTM)
$5.65B
Div. yield
–
Medical Devices Healthcare
5 wins
EW Edwards Lifesciences Corp
$90.57 +5.0% 1M +19.0% 1Y
Market cap
$52.12B
P/E
51.9x
Revenue (TTM)
$6.51B
Div. yield
–
Medical Devices Healthcare
4 wins
DXCM Dexcom Inc
$78.57 -9.3% 1M +11.7% 1Y
Market cap
$30.09B
P/E
30.1x
Revenue (TTM)
$4.97B
Div. yield
–
Medical Devices Healthcare
2 wins

Head to Head

11 decided of 12

Resmed leads on 5 of the 12 questions below (Resmed 5, Edwards Lifesciences 4, Dexcom 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRMDEWDXCMLeader
Larger companyMarket capitalisation $36.52B $52.12B $30.09B EW
Cheaper on earningsLower P/E, profitable companies only 24.0x 51.9x 30.1x RMD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.7x 32.0x 27.8x RMD
Faster revenue growthRevenue growth, trailing twelve months +9.9% +14.6% +15.5% DXCM
More profitableNet margin, trailing twelve months 26.9% 15.4% 20.1% RMD
Better return on capitalReturn on invested capital 20.8% 9.0% — RMD
Less leveragedLower net debt / EBITDA -0.4x -2.3x — EW
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -2.4% +19.0% +11.7% EW
Better 5-year returnAnnualised price return, 5 years -1.1%/yr -4.8%/yr -10.9%/yr RMD
Less volatileAnnualised volatility, 1 year 29.1% 24.8% 40.8% EW
Higher overall scoreMean of the five percentile scores vs peers 78/100 77/100 78/100 DXCM

Percentile Scorecard

RMDEWDXCM

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

AxisRMDEWDXCM
Valuation 72 #64 of 228 63 #84 of 228 71 #66 of 228
Growth 63 #82 of 221 54 #103 of 221 97 #8 of 221
Profitability 99 #3 of 208 95 #12 of 208 100 #1 of 208
Financial Health 75 #60 of 239 87 #32 of 239 34 #158 of 239
Shareholder Returns 78 #31 of 137 88 #17 of 137 87 #19 of 137
Overall 78 77 78
  • RMD ranked among 248 companies in Medical Devices and Diagnostics
  • EW ranked among 248 companies in Medical Devices and Diagnostics
  • DXCM 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

PeriodRMDEWDXCMSPY
1 month +14.1%+5.0%-9.3% -0.8%
3 months +24.7%+9.0%+7.1% +3.5%
6 months +14.1%+8.5%+27.9% +7.0%
Year to date +5.1%+6.2%+18.4% +12.2%
1 year -2.4%+19.0%+11.7% +13.0%
3 years +88.1%+46.8%-12.0% +86.3%
3 years, per year +23.5%+13.7%-4.2% +23.1%
5 years -5.5%-22.0%-43.7% +68.6%
5 years, per year -1.1%-4.8%-10.9% +11.0%
10 years +318.2%+188.3%+306.9% +258.0%
10 years, per year +15.4%+11.2%+15.1% +13.6%

Risk

MeasureRMDEWDXCMSPY
Volatility, 1Y 29.1%24.8%40.8% 12.7%
Downside volatility, 1Y 30.8%24.5%40.3% 12.7%
Beta vs S&P 500, 1Y 0.400.580.64 1.00
Return / volatility, 1Y -0.080.770.29 1.02
Max drawdown, 5Y -49.9%-54.3%-66.3% -25.4%
From 52-week high -8.2%-4.8%-14.9% -1.8%
52-week high $275.96$95.17$92.34 $779.14
52-week low $182.82$75.87$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.

MultipleRMDEWDXCM
P/E now vs peer median 24.2xmedian 30.6x 51.9xmedian 30.6x 30.0xmedian 30.6x
P/S now vs peer median 6.5xmedian 3.0x 8.0xmedian 3.0x 6.0xmedian 3.0x
EV/EBITDA now vs peer median 17.1xmedian 17.5x 30.1xmedian 17.5x 19.7xmedian 17.5x
P/FCF now vs peer median 22.1xmedian 23.3x 36.4xmedian 23.3x 21.1xmedian 23.3x
P/B now vs peer median 5.5xmedian 2.4x 4.9xmedian 2.4x 11.3xmedian 2.4x
PEG now vs peer median 1.23median 0.87 -6.06median 0.87 0.66median 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 monthsRMDEWDXCM
Revenue $5.65B $6.51B $4.97B
Gross profit $3.45B $5.07B $3.10B
Operating income $1.89B $1.45B $1.14B
Net income $1.52B $1.00B $999.70M
Free cash flow $1.65B $1.43B $1.41B
R&D $378.28M $1.09B $604.00M
EPS (diluted) $10.43 $1.74 $2.56
Cash & equivalents $1.47B $2.91B $1.11B
Total debt $659.37M $598.70M –
Shares (diluted) 146.05M 577.60M 390.10M
Enterprise value $30.59B $36.13B $20.41B

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
MetricRMDEWDXCM
P/E 24.2x 51.9x 30.0x
P/FCF 22.1x 36.4x 21.1x
P/Operating cash flow 20.2x 30.4x 17.0x
P/S 6.5x 8.0x 6.0x
P/B 5.5x 4.9x 11.3x
P/Tangible book 6.0x 5.6x 11.8x
EV/EBITDA 17.1x 30.1x 19.7x
EV/EBIT 18.9x 33.5x 24.3x
EV/Revenue 6.3x 7.5x 5.6x
EV/FCF 21.7x 33.9x 19.7x
EV/Operating cash flow 19.8x 28.2x 15.8x
PEG (3Y EPS CAGR) 1.23 -6.06 0.66

Growth

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

Profitability

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

Financial Health

11 metrics
MetricRMDEWDXCM
Debt / assets 7.4% 4.3% –
Debt / equity 0.1x 0.1x –
Net debt / EBITDA -0.4x -2.3x –
Debt / FCF 0.4x 0.4x –
Liabilities / assets 26.6% 22.7% 59.4%
Equity / assets 73.4% 77.3% 40.6%
Interest coverage – – –
Current ratio 3.1x 4.5x 1.7x
Quick ratio 1.8x 3.5x 1.4x
Cash ratio 1.1x 2.8x 0.8x
Altman Z-score 12.06 12.75 6.94

Shareholder Returns

7 metrics
MetricRMDEWDXCM
Dividend yield 1.0% – –
Net buyback yield 1.7% 1.9% 1.6%
Shareholder yield 2.7% 1.9% 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.

ConsensusRMDEWDXCM
Forward P/E 19.7xFY2027 32.0xFY2026 27.8xFY2026
EPS, next fiscal year $12.86FY2027 $2.83FY2026 $2.83FY2026
EPS growth, next FY +15.1%FY2027 +10.5%FY2026 +35.4%FY2026
EPS growth, the year after +9.8% +12.7% +4.9%
Revenue, next fiscal year $5.97BFY2027 $7.24BFY2026 $5.08BFY2026
Revenue growth, next FY +5.6%FY2027 +19.2%FY2026 +9.0%FY2026
Revenue growth, the year after -3.4% -2.6% +16.6%

Institutional Ownership

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

RMDEWDXCM
RMD 1.00 0.32 0.34
EW 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, RMD, EW and DXCM?

Edwards Lifesciences (EW) is the largest by market capitalisation: Resmed (RMD) $36.52B, Edwards Lifesciences (EW) $52.12B, Dexcom (DXCM) $30.09B.

Which stock is cheaper, RMD, EW and DXCM?

Resmed (RMD) trades on the lowest price-to-earnings ratio (Resmed (RMD) 24.0x, Edwards Lifesciences (EW) 51.9x, Dexcom (DXCM) 30.1x). On next year's consensus earnings, Resmed (RMD) is cheapest (Resmed (RMD) 19.7x, Edwards Lifesciences (EW) 32.0x, 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: Resmed (RMD) +9.9%, Edwards Lifesciences (EW) +14.6%, Dexcom (DXCM) +15.5%.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Edwards Lifesciences (EW) returned the most: Resmed (RMD) -2.4%, Edwards Lifesciences (EW) +19.0%, Dexcom (DXCM) +11.7%. Over five years, Resmed (RMD) compounded fastest (Resmed (RMD) -1.1%/yr, Edwards Lifesciences (EW) -4.8%/yr, Dexcom (DXCM) -10.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Edwards Lifesciences (EW) has been the steadiest (Resmed (RMD) 29.1%, Edwards Lifesciences (EW) 24.8%, Dexcom (DXCM) 40.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RMD, EW 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 5. 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.