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Edwards Lifesciences vs Steris: EW and STE compared
Edwards Lifesciences is the larger company: $1.7B of revenue in its latest quarter (Q3 2026) against $1.6B for Steris (Q2 FY27). Edwards Lifesciences is growing faster (+10% against +9% a year earlier). Steris is more profitable, with an operating margin of 18.5% against 17.4%.
Where the money goes: EW and STE
Edwards Lifesciences (EW) · Q3 2026
Edwards Lifesciences, Q3 2026: revenue $1.7B (+10% year over year), operating margin 17.4%, net earnings $308M, operating cash flow $570M. The chart follows the revenue to costs, profit and cash.
Steris (STE) · Q2 FY27
Steris, Q2 FY27: revenue $1.6B (+9% year over year), operating margin 18.5%, net earnings $214M, operating cash flow $289M. The chart follows the revenue to costs, profit and cash.
| Edwards Lifesciences (EW) | Steris (STE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $1.7B | $1.6B |
| Revenue growth, Y/Y | +10% | +9% |
| Gross margin | 78.5% | 44.7% |
| Operating margin | 17.4% | 18.5% |
| Net earnings | $308M | $214M |
| Net margin | 17.9% | 13.5% |
| Operating cash flow | $570M | $289M |
| Free cash flow | $507M | $213M |
| Market value | $58.6B | $24.7B |
| P/E | 57.3× | 29.8× |
| Analysts’ mean target | $111.64 | $260.71 |
Where the revenue comes from
Edwards Lifesciences
- Transcatheter Aortic Valve Replacement: $1.2B (72%)
- Surgical: $264M (15%)
- Transcatheter Mitral and Tricuspid Therapies: $210M (12%)
Steris
- Healthcare: $1.1B (71%)
- AST: $296M (19%)
- Life Sciences:: $171M (11%)
Questions
Which is bigger, Edwards Lifesciences or Steris?
Edwards Lifesciences is the larger company: $1.7B of revenue in its latest quarter (Q3 2026) against $1.6B for Steris (Q2 FY27).
Is Edwards Lifesciences or Steris growing faster?
Edwards Lifesciences is growing faster (+10% against +9% a year earlier).
Which is more profitable, Edwards Lifesciences or Steris?
Steris is more profitable, with an operating margin of 18.5% against 17.4%.
More: Edwards Lifesciences earnings · how Edwards Lifesciences makes money · Steris earnings · how Steris makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.