Edwards Lifesciences (EW) Return on Invested Capital [ROIC] (2010 - 2026)
Edwards Lifesciences' Return on Invested Capital [ROIC] was 8.68% in Q3 2026, down 2.33 percentage points from 11.01% a year earlier and down 0.31 percentage points from the prior quarter.
Powered by 
Analysis
Edwards Lifesciences (EW) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at Edwards Lifesciences came in at 9.71%, down 4.12 percentage points from FY2024.
- Return on Invested Capital [ROIC] has now declined for four consecutive years, with a five-year change of -6.56 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 13.83% in FY2024 (-3.13 pp), 16.96% in FY2023 (-3.38 pp), 20.35% in FY2022 (-5.39 pp) and 25.74% in FY2021 (+9.47 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2010.
- Compared with a year earlier, Return on Invested Capital [ROIC] has declined for nine straight quarters, with an average year-over-year change of -3.09 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q1 2022 (a gain of 7.85 percentage points); the worst was Q3 2023 (a drop of 6.70 percentage points).
- Per Business Quant data, EW's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 8.99% (Q2 2026), 10.19% (Q1 2026) and 9.65% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.79 Bn | 234.30 Bn | 5.13 Bn | 8.02% |
| 2 | Abbott Laboratories | 190.83 Bn | 164.70 Bn | 7.39 Bn | 5.70% |
| 3 | Danaher | 162.10 Bn | 141.75 Bn | 3.84 Bn | 5.83% |
| 4 | Intuitive Surgical | 158.05 Bn | 138.34 Bn | 2.08 Bn | - |
| 5 | Medtronic | 130.31 Bn | 95.56 Bn | 6.34 Bn | 6.90% |
| 6 | Stryker | 124.76 Bn | 110.95 Bn | 4.25 Bn | 9.95% |
| 7 | Boston Scientific | 62.03 Bn | 57.46 Bn | 3.43 Bn | 9.94% |
| 8 | Edwards Lifesciences | 58.73 Bn | 41.94 Bn | 1.35 Bn | 8.68% |
| 9 | Becton Dickinson | 58.33 Bn | 55.48 Bn | 2.32 Bn | 5.27% |
| 10 | Agilent Technologies | 49.29 Bn | 42.18 Bn | 1.04 Bn | 13.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.68% |
| Jun 30, 2026 | 8.99% |
| Mar 31, 2026 | 10.19% |
| Dec 31, 2025 | 9.65% |
| Sep 30, 2025 | 11.01% |
| Jun 30, 2025 | 11.55% |
| Mar 31, 2025 | 11.83% |
| Dec 31, 2024 | 11.91% |
| Sep 30, 2024 | 14.00% |
| Jun 30, 2024 | 16.16% |
| Mar 31, 2024 | 15.62% |
| Dec 31, 2023 | 16.48% |
| Sep 30, 2023 | 15.02% |
| Jun 30, 2023 | 16.10% |
| Mar 31, 2023 | 19.31% |
| Dec 31, 2022 | 19.76% |
| Sep 30, 2022 | 21.73% |
| Jun 30, 2022 | 22.36% |
| Mar 31, 2022 | 23.86% |
| Dec 31, 2021 | 23.75% |
API Access
Edwards Lifesciences Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=EW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "EW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=EW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();