Edwards Lifesciences Corp

Orthopedic, Prosthetic & Surgical Appliances & Supplies·IRVINE, CA·FY end 12/31·CIK 1099800

CEO Pay Ratio

194:1

Mr. Zovighian

CEO Total Comp

$17.5M

Mr. Zovighian

Median Employee

$89,827

Revenue

$6.1B

FY 2025

Net Income

$1.1B

FY 2025

Free Cash Flow

$1.3B

FY 2025

Net Margin

17.7%

Insider Net (180d)

-$14.6M

0 buys / 26 sales

CEO Pay Accountability

CEO comp as % of net income

1.63%

For every $1,000 of profit, $16.26 flows to the CEO.

CEO comp as % of buybacks

1.95%

CEO comp equals 19.5‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$6.1B	$1.4B	$6.0B	$5.4B	$5.2B
Gross Profit	$4.7B	$1.1B	$4.6B	$4.3B	$4.0B
Operating Income	$1.3B	$1.4B	$1.5B	$1.7B	$1.7B
Net Income	$1.1B	$385.6M	$1.4B	—	—
Operating CF	$1.6B	$542.3M	$895.8M	$1.2B	$1.7B
Capex	$260.2M	$252.4M	$253.0M	$244.6M	$325.8M
Free Cash Flow	$1.3B	$289.9M	$642.8M	$973.6M	$1.4B
Buybacks	$893.4M	$1.2B	$879.6M	$1.7B	$512.8M
Dividends	—	—	—	—	—	—

Gross Margin	78.0%	78.9%	77.0%	79.9%	76.1%
Operating Margin	20.8%	99.5%	25.5%	32.5%	32.3%
Net Margin	17.7%	27.8%	23.4%	—	—
FCF Margin	22.0%	20.9%	10.7%	18.1%	26.9%
R&D / Revenue	17.8%	76.0%	17.8%	17.6%	17.3%
Effective Tax	17.0%	9.8%	12.4%	13.9%	11.7%
Debt / Equity	0.06	0.06	0.09	0.10	0.10
Buybacks / FCF	66.9%	399.9%	136.8%	177.4%	36.5%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Mr. ZovighianChief Executive Officer and Director	$1.2M	$7.2M	$6.5M	$2.4M	$189.1K	$17.5M
Mr. UllemCorporate Vice President, Chief Financial Officer	$807.9K	$2.2M	$2.0M	$966.4K	$71.3K	$6.1M
Mr. WoodFormer Corporate Vice President and Group President, Transcatheter Aortic Valve Replacement and Surgical Structural Heart	$635.9K	$1.8M	$1.6M	$689.4K	$61.8K	$4.9M
Mr. ChopraCorporate Vice President, Transcatheter Mitral and Tricuspid Therapies	$671.0K	$1.8M	$1.4M	$824.2K	$60.6K	$4.7M
Mr. BoboCorporate Vice President, Strategy & Corporate Development	$759.8K	$1.4M	$1.2M	$786.9K	$48.6K	$4.2M
Ms. Brüls	$726.6K	$1.0M	$925.0K	$719.6K	$340.6K	$3.7M