# EW · Edwards Lifesciences Corp

Snapshot 2026-10-26 · CIK 0001099800 · NYSE · Orthopedic, Prosthetic & Surgical Appliances & Supplies

Price 89.07 (2026-10-23, Alpaca Market Data (consolidated SIP daily bar)) · Market cap 51.34 B

Machine-readable: https://theclaudetrader.com/s/EW.json · index: https://theclaudetrader.com/llms.txt

## Scores

### Graham Defensive: 46.4 (partial: 3) · complete: False · missing tests: 3 · current inputs as of 2025-12-31 · stale inputs: Revenue · history 2014–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 17, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham
- 1 Adequate size: 6.07 revenue $B · threshold >= 1 · points 5.0/5
- 2a Current ratio: 4.52  · threshold >= 2.0 · points 15.0/15
- 2b Long-term debt vs working capital: 0.11 LTD / WC · threshold <= 1.0 · points 15.0/15
- 3 Positive earnings each of 10 years: 5 years reported  · threshold 10 of 10 · points None/15
- 4 Dividends every year for 20 years: 0 of 20  · threshold 20 of 20 · points 0.0/15
- 5 EPS growth, 3-yr avg now vs 10 yrs ago: 0.96 -> 3.70 (+287%)  · threshold >= +33% · points 10.0/10
- 6 P/E on 3-year average EPS: 24.1  · threshold <= 15 · points 1.4/15
- 7 P/B <= 1.5, or P/E x P/B <= 22.5: P/B 4.84, product 116.4  · threshold <= 1.5 or <= 22.5 · points 0.0/10

Inputs:
  - Price (close, per traded unit): 89.07 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Revenue: 6067600000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - current_assets: 6818900000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - current_liabilities: 1507900000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - lt_debt: 598700000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - equity: 10618000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - Net income FY2021: 1503100000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/ · unverified
  - Net income FY2022: 1521900000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/ · unverified
  - Net income FY2023: 1402400000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Net income FY2024: 4174600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Net income FY2025: 1073500000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Dividend years (Yahoo): [] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/EW/history?filter=div · unverified
  - EPS diluted FY2014: 1.2467 · 2014-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980017000008/ · unverified
  - EPS diluted FY2015: 0.75 · 2015-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980018000007/ · unverified
  - EPS diluted FY2016: 0.87 · 2016-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980019000004/ · unverified
  - EPS diluted FY2023: 2.3 · 2023-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - EPS diluted FY2024: 6.97 · 2024-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - EPS diluted FY2025: 1.83 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Shares outstanding: 576400000.0 · 2026-07-31 · SEC cover page 10-Q 0001099800-26-000043 (576,400,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ew-20260630.htm · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/R1.htm

### Magic Formula: 15.1 (ok) · complete: True · missing tests: none · current inputs as of 2026-03-31 · stale inputs: operating_income_q · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/magic_formula
-  Earnings yield (EBIT/EV): 2.96 % · threshold  · points /
-  Return on capital (EBIT/(NWC+PPE)): 20.26 % · threshold  · points /
-  Combined rank: 304  · threshold  · points /

Inputs:
  - operating_income: 1264200000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/
  - operating_income_q: 477600000.0 · 2026-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q1) · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000026/
  - operating_income_q: 394800000.0 · 2025-03-31 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q1) · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000026/
  - operating_income_q: 513200000.0 · 2026-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2026Q2) · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/
  - operating_income_q: 411200000.0 · 2025-06-30 · SEC XBRL OperatingIncomeLoss (quarter CY2025Q2) · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/
  - current_assets: 6818900000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/
  - current_liabilities: 1507900000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/
  - cash: 2906500000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/
  - ppe_net: 1841800000.0 · 2026-06-30 · SEC XBRL PropertyPlantAndEquipmentNet · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/
  - lt_debt: 598700000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/
  - shares_out: 576400000.0 · 2026-07-31 · SEC cover page 10-Q 0001099800-26-000043 (576,400,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ew-20260630.htm · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/R1.htm
  - Price (close): 89.07 · 2026-10-23 · Yahoo Finance / Alpaca Market Data · 
  - note: debt = LongTermDebtNoncurrent ·  ·  · 

### Momentum: 67.6 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price 2026-10-23 · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/momentum
-  12-1 month return: 13.4 % · threshold  · points 29.5/50
-  6 month return: 11.7 % · threshold  · points 13.4/20
-  Price / 52-week high: 0.936  · threshold  · points 14.0/15
-  Volatility penalty (60d annualised): 23.1 % · threshold  · points 10.6/15

Inputs:
  - Adjusted close series (14 months): 89.07 · 2026-10-23 · Yahoo Finance / Alpaca Market Data daily history · 

### Insider: 0.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-10-23 · stale inputs: none · history None–None · price None · verification None · computed 2026-10-26 · rules https://theclaudetrader.com/p/insider
-  Open-market buy value / market cap (percentile among buyers): 0.0 bp · threshold  · points 0.0/35
-  Distinct buyers: 0  · threshold  · points 0.0/25
-  Buyer seniority: 0.0  · threshold  · points 0.0/20
-  Recency (half-life 30d): 0.0  · threshold  · points 0.0/10
-  Sales penalty (excludes 10b5-1 plan sales): 0.8 bp · threshold  · points -6.6/0

Inputs:
  - Form 4 S Dahl Andrew M. 2026-08-31: 49536.64 · 2026-08-31 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007408/
  - Form 4 S Bruls Annette 2026-08-28: 237907.12000000002 · 2026-08-28 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007377/
  - Form 4 S Markowitz Wayne 2026-08-26: 113422.8 · 2026-08-26 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007332/
  - Form 4 S Chopra Daveen 2026-08-26: 105891.04000000001 · 2026-08-26 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007335/
  - Form 4 S Chopra Daveen 2026-08-26: 2788479.54 · 2026-08-26 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007335/
  - Form 4 S Markowitz Wayne 2026-07-30: 12587.0493 · 2026-07-30 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1099800/000122520826006853/
  - Form 4 S Markowitz Wayne 2026-07-28: 818957.68 · 2026-07-28 · SEC Form 4 (insider transactions data set) · https://www.sec.gov/Archives/edgar/data/1099800/000122520826006777/
  - excluded 2026-10-08 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-09-11 S: 10b5-1 plan ·  · rule · 
  - excluded 2026-08-11 S: 10b5-1 plan ·  · rule · 

### Buffett Quality: 50.0 (partial: 2, 3) · complete: False · missing tests: 2, 3 · current inputs as of 2026-06-30 · stale inputs: none · history 2021–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 31, 'not_cross_checked': 2} · computed 2026-10-26 · rules https://theclaudetrader.com/p/buffett
- 1 Average return on equity (net income / year-end equity): 25.0% over 5 yrs  · threshold >= 15% · points 25.0/25
- 2 Profitable every year: 5 years reported  · threshold all years · points None/15
- 3 Net income growth, 3-yr average now vs start of window: 5 years reported  · threshold >= +10% · points None/10
- 4 Borrowings / 3-yr average earnings (years to repay): 0.3 years · threshold <= 4 · points 15.0/15
- 5 Operating margin, 5-yr average: 27.6%  · threshold >= 20% · points 10.0/10
- 6 Free cash flow / net income, 5-yr (operating cash flow minus capex): 0.48  · threshold >= 1.0 · points 0.0/10
- 7 Owner-earnings yield (3-yr avg free cash flow / market cap): 1.5%  · threshold >= 7% · points 0.0/15

Inputs:
  - Price (close, per traded unit): 89.07 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - Net income FY2021: 1503100000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/ · unverified
  - Equity at FY2021 end: 5835900000.0 · 2021-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1099800/000109980023000005/ · unverified
  - Net income FY2022: 1521900000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/ · unverified
  - Equity at FY2022 end: 5806700000.0 · 2022-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/ · unverified
  - Net income FY2023: 1402400000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Equity at FY2023 end: 6650000000.0 · 2023-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/ · unverified
  - Net income FY2024: 4174600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Equity at FY2024 end: 9998400000.0 · 2024-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Net income FY2025: 1073500000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Equity at FY2025 end: 10337600000.0 · 2025-12-31 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - lt_debt: 598700000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - Operating income FY2021: 1690300000.0 · 2021-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/ · unverified
  - Revenue FY2021: 5232500000.0 · 2021-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/ · unverified
  - Operating income FY2022: 1498400000.0 · 2022-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/ · unverified
  - Revenue FY2022: 4464000000.0 · 2022-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/ · unverified
  - Operating income FY2023: 1308900000.0 · 2023-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Revenue FY2023: 5010000000.0 · 2023-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Operating income FY2024: 1378700000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Revenue FY2024: 5439500000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Operating income FY2025: 1264200000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Revenue FY2025: 6067600000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Operating cash flow FY2021: 1732100000.0 · 2021-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/ · unverified
  - Capital expenditure FY2021: 325800000.0 · 2021-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/ · unverified
  - Operating cash flow FY2022: 1218200000.0 · 2022-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/ · unverified
  - Capital expenditure FY2022: 244600000.0 · 2022-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/ · unverified
  - Operating cash flow FY2023: 895800000.0 · 2023-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Capital expenditure FY2023: 253000000.0 · 2023-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Operating cash flow FY2024: 542300000.0 · 2024-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Capital expenditure FY2024: 252400000.0 · 2024-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Operating cash flow FY2025: 1595200000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Capital expenditure FY2025: 260200000.0 · 2025-12-31 · SEC XBRL PaymentsToAcquirePropertyPlantAndEquipment · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Shares outstanding: 576400000.0 · 2026-07-31 · SEC cover page 10-Q 0001099800-26-000043 (576,400,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ew-20260630.htm · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/R1.htm

### Lynch GARP: 44.2 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 5, 'not_cross_checked': 1} · computed 2026-10-26 · rules https://theclaudetrader.com/p/lynch
- 1 PEG: P/E divided by 5-yr EPS growth (in % points): 6.88  · threshold <= 1.0 · points 0.0/30
- 2 EPS growth, 5-yr compound rate: +7.1% a year  · threshold 12% to 35% a year · points 11.8/20
- 3 P/E on latest annual EPS: 48.7  · threshold <= 25 · points 0.0/10
- 4 Borrowings / equity: 0.06  · threshold <= 0.5 · points 15.0/15
- 5 Years of the last 5 in which EPS rose: 3 of 5  · threshold 5 of 5 · points 9.0/15
- 6 Net cash (cash minus borrowings) / market cap: +4.5%  · threshold >= +10% · points 8.4/10

Inputs:
  - Price (close, per traded unit): 89.07 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - EPS diluted FY2025: 1.83 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - EPS diluted FY2020: 1.3 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980023000005/ · unverified
  - lt_debt: 598700000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - equity: 10618000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - cash: 2906500000.0 · 2026-06-30 · SEC XBRL CashAndCashEquivalentsAtCarryingValue · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified

### Graham Enterprising: 55.0 (ok) · complete: True · missing tests: none · current inputs as of 2026-06-30 · stale inputs: none · history 2020–2025 · price 2026-10-23 · verification {'verified': 0, 'mismatch': 0, 'unverified': 12, 'not_cross_checked': 3} · computed 2026-10-26 · rules https://theclaudetrader.com/p/graham_enterprising
- 1 Current ratio: 4.52  · threshold >= 1.5 · points 15.0/15
- 2 Borrowings vs working capital: 0.11 x · threshold <= 1.1x · points 15.0/15
- 3 No earnings deficit in the last 5 years: 5 of 5 profitable  · threshold 5 of 5 · points 15.0/15
- 4 Pays a current dividend: no  · threshold yes · points 0.0/10
- 5 EPS higher than five years earlier: 1.30 -> 1.83  · threshold higher · points 10.0/10
- 6 Price / book value per share: 4.84  · threshold <= 1.2 · points 0.0/20
- 7 Price / net current asset value per share (current assets minus all liabilities): 13.96  · threshold <= 0.67 · points 0.0/15

Inputs:
  - Price (close, per traded unit): 89.07 · 2026-10-23 · Alpaca Market Data (consolidated SIP daily bar) · https://docs.alpaca.markets/docs/historical-stock-data-1
  - current_assets: 6818900000.0 · 2026-06-30 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - current_liabilities: 1507900000.0 · 2026-06-30 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - lt_debt: 598700000.0 · 2026-06-30 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - Net income FY2021: 1503100000.0 · 2021-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/ · unverified
  - Net income FY2022: 1521900000.0 · 2022-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/ · unverified
  - Net income FY2023: 1402400000.0 · 2023-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Net income FY2024: 4174600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Net income FY2025: 1073500000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - Dividend years (Yahoo): [] ·  · Yahoo Finance dividend history · https://finance.yahoo.com/quote/EW/history?filter=div
  - EPS diluted FY2025: 1.83 · 2025-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - EPS diluted FY2020: 1.3 · 2020-12-31 · SEC XBRL EarningsPerShareDiluted · https://www.sec.gov/Archives/edgar/data/1099800/000109980023000005/ · unverified
  - equity: 10618000000.0 · 2026-06-30 · SEC XBRL StockholdersEquity · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - Shares outstanding: 576400000.0 · 2026-07-31 · SEC cover page 10-Q 0001099800-26-000043 (576,400,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ew-20260630.htm · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/R1.htm
  - liabilities: 3142200000.0 · 2026-06-30 · SEC XBRL Liabilities · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified

### Piotroski F-Score: 66.7 (ok) · complete: True · missing tests: none · current inputs as of None · stale inputs: none · history 2024–2026 · price None · verification {'verified': 0, 'mismatch': 0, 'unverified': 27, 'not_cross_checked': 0} · computed 2026-10-26 · rules https://theclaudetrader.com/p/piotroski
- 1 Return on assets is positive: 7.8%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 2 Operating cash flow is positive: 1,595M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 3 Return on assets improved on the prior year: 32.0% -> 7.8%  · threshold pass = 1 · points 0.0/11.11111111111111
- 4 Operating cash flow exceeds net income (accruals): 1,595M vs 1,074M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 5 Long-term debt / assets fell: 4.6% -> 4.4%  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 6 Current ratio improved: 4.18 -> 3.72  · threshold pass = 1 · points 0.0/11.11111111111111
- 7 No new shares issued (share count did not rise): 587M -> 576M  · threshold pass = 1 · points 11.11111111111111/11.11111111111111
- 8 Operating margin improved (stand-in for gross margin, which the dataset does not carry): 25.3% -> 20.8%  · threshold pass = 1 · points 0.0/11.11111111111111
- 9 Asset turnover (revenue / assets) improved: 0.42 -> 0.44  · threshold pass = 1 · points 11.11111111111111/11.11111111111111

Inputs:
  - net_income 2025-12-31: 1073500000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - total_assets 2025-12-31: 13697200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - cfo 2025-12-31: 1595200000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - net_income 2025-12-31: 1073500000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - net_income 2024-12-31: 4174600000.0 · 2024-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - total_assets 2025-12-31: 13697200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - total_assets 2024-12-31: 13055300000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - cfo 2025-12-31: 1595200000.0 · 2025-12-31 · SEC XBRL NetCashProvidedByUsedInOperatingActivities · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - net_income 2025-12-31: 1073500000.0 · 2025-12-31 · SEC XBRL NetIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - lt_debt 2025-12-31: 598300000.0 · 2025-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - lt_debt 2024-12-31: 597700000.0 · 2024-12-31 · SEC XBRL LongTermDebtNoncurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - total_assets 2025-12-31: 13697200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - total_assets 2024-12-31: 13055300000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - current_assets 2025-12-31: 6738900000.0 · 2025-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - current_assets 2024-12-31: 6285400000.0 · 2024-12-31 · SEC XBRL AssetsCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - current_liabilities 2025-12-31: 1813700000.0 · 2025-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - current_liabilities 2024-12-31: 1505200000.0 · 2024-12-31 · SEC XBRL LiabilitiesCurrent · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - shares_out 2026-07-31: 576400000.0 · 2026-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - shares_out 2025-07-31: 587100000.0 · 2025-07-31 · SEC XBRL EntityCommonStockSharesOutstanding · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000048/ · unverified
  - operating_income 2025-12-31: 1264200000.0 · 2025-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - operating_income 2024-12-31: 1378700000.0 · 2024-12-31 · SEC XBRL OperatingIncomeLoss · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - revenue 2025-12-31: 6067600000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - revenue 2024-12-31: 5439500000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - revenue 2025-12-31: 6067600000.0 · 2025-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - revenue 2024-12-31: 5439500000.0 · 2024-12-31 · SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified
  - total_assets 2025-12-31: 13697200000.0 · 2025-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ · unverified
  - total_assets 2024-12-31: 13055300000.0 · 2024-12-31 · SEC XBRL Assets · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/ · unverified

## Market value, source trail

- Formula: market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used
- Traded price: 89.07 on 2026-10-23 (USD per traded unit (share or ADS)) · https://docs.alpaca.markets/docs/historical-stock-data-1
- SEC shares outstanding: 576,400,000 underlying shares, period 2026-07-31, SEC cover page 10-Q 0001099800-26-000043 (576,400,000 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/ew-20260630.htm, accession 0001099800-26-000043 · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000043/R1.htm
- Depositary ratio: 1.0 (domestic; 10-K filer; SEC shares are the traded units) · None
- Market value (price date x latest reported shares): 51,339,948,000 USD; 89.07 (price 2026-10-23) / 1 x 576,400,000 (shares at 2026-07-31) = 51,339,948,000

## Revenue by fiscal year (SEC XBRL; FY = calendar year in which the fiscal year ends)

- FY2013 (ended 2013-12-31): 2045500000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980016000044/
- FY2014 (ended 2014-12-31): 2322900000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980017000008/
- FY2015 (ended 2015-12-31): 2493700000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980018000007/
- FY2016 (ended 2016-12-31): 2963700000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980019000004/
- FY2017 (ended 2017-12-31): 3435300000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980020000005/
- FY2018 (ended 2018-12-31): 3722800000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980021000007/
- FY2019 (ended 2019-12-31): 4348000000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980022000005/
- FY2020 (ended 2020-12-31): 4386300000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980023000005/
- FY2021 (ended 2021-12-31): 5232500000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/
- FY2022 (ended 2022-12-31): 4464000000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/
- FY2023 (ended 2023-12-31): 5010000000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/
- FY2024 (ended 2024-12-31): 5439500000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/
- FY2025 (ended 2025-12-31): 6067600000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/

## Net income by fiscal year (SEC XBRL)

- FY2021 (ended 2021-12-31): 1503100000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980024000004/
- FY2022 (ended 2022-12-31): 1521900000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980025000005/
- FY2023 (ended 2023-12-31): 1402400000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/
- FY2024 (ended 2024-12-31): 4174600000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/
- FY2025 (ended 2025-12-31): 1073500000.0 · https://www.sec.gov/Archives/edgar/data/1099800/000109980026000009/

## EPS diluted by fiscal year (split-adjusted to today's share basis; as filed in brackets)

- FY2013 (ended 2013-12-31): 0.57 [filed 1.71, split factor 3.0]
- FY2014 (ended 2014-12-31): 1.2467 [filed 3.74, split factor 3.0]
- FY2015 (ended 2015-12-31): 0.75 [filed 2.25, split factor 3.0]
- FY2016 (ended 2016-12-31): 0.87 [filed 2.61, split factor 3.0]
- FY2017 (ended 2017-12-31): 0.9 [filed 2.7, split factor 3.0]
- FY2018 (ended 2018-12-31): 1.13 [filed 1.13, split factor 1.0]
- FY2019 (ended 2019-12-31): 1.64 [filed 1.64, split factor 1.0]
- FY2020 (ended 2020-12-31): 1.3 [filed 1.3, split factor 1.0]
- FY2021 (ended 2021-12-31): 2.38 [filed 2.38, split factor 1.0]
- FY2022 (ended 2022-12-31): 2.44 [filed 2.44, split factor 1.0]
- FY2023 (ended 2023-12-31): 2.3 [filed 2.3, split factor 1.0]
- FY2024 (ended 2024-12-31): 6.97 [filed 6.97, split factor 1.0]
- FY2025 (ended 2025-12-31): 1.83 [filed 1.83, split factor 1.0]

## Dividend years (Yahoo history)

none

## Insider transactions (SEC Form 4 data set, latest 40)

- 2026-10-08 S Lippis Daniel J. (officer) 619 @ 85.65 = 53017 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826008338/#live
- 2026-09-11 S Lippis Daniel J. (officer) 619 @ 87.51 = 54169 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007774/
- 2026-08-31 S Dahl Andrew M. (officer) 544 @ 91.06 = 49537 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007408/
- 2026-08-28 S Bruls Annette (officer) 2644 @ 89.98 = 237907 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007377/
- 2026-08-26 S Markowitz Wayne (officer) 1240 @ 91.47 = 113423 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007332/
- 2026-08-26 S Chopra Daveen (officer) 1154 @ 91.76 = 105891 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007335/
- 2026-08-26 S Chopra Daveen (officer) 30646 @ 90.99 = 2788480 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007335/
- 2026-08-11 S Lippis Daniel J. (officer) 619 @ 92.03 = 56967 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826007065/
- 2026-07-30 S Markowitz Wayne (officer) 146 @ 86.03 = 12587 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826006853/
- 2026-07-28 S Markowitz Wayne (officer) 9628 @ 85.06 = 818958 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826006777/
- 2026-07-27 S Zovighian Bernard J (CEO) 2921 @ 83.93 = 245122 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826006743/
- 2026-07-10 S Lippis Daniel J. (officer) 619 @ 91.70 = 56762 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826006576/
- 2026-06-30 S Lippis Daniel J. (officer) 619 @ 91.40 = 56577 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826006263/
- 2026-06-17 S Zovighian Bernard J (CEO) 523 @ 87.92 = 45982 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826006103/
- 2026-05-29 S Dahl Andrew M. (officer) 568 @ 86.08 = 48853 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005647/
- 2026-05-27 S BOBO DONALD E JR (officer) 23145 @ 86.42 = 2000191 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005610/
- 2026-05-22 S Chopra Daveen (officer) 1500 @ 84.60 = 126900 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005576/
- 2026-05-18 S Lippis Daniel J. (officer) 620 @ 81.14 = 50307 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005464/
- 2026-05-15 S BOBO DONALD E JR (officer) 9968 @ 82.07 = 818074 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005463/
- 2026-05-15 S BOBO DONALD E JR (officer) 8000 @ 81.82 = 654560 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005463/
- 2026-05-12 S Zovighian Bernard J (CEO) 845 @ 78.40 = 66248 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005172/
- 2026-05-12 S Zovighian Bernard J (CEO) 35506 @ 77.92 = 2766628 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005172/
- 2026-05-11 S Markowitz Wayne (officer) 593 @ 79.73 = 47280 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826005132/
- 2026-05-04 S Lippis Daniel J. (officer) 1019 @ 83.98 = 85576 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826004909/
- 2026-05-01 S Lippis Daniel J. (officer) 1000 @ 82.99 = 82990 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826004909/
- 2026-05-01 S Lippis Daniel J. (officer) 19 @ 83.99 = 1596 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826004909/
- 2026-04-09 S Ullem Scott B. (CFO) 4676 @ 80.50 = 376418 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826004476/
- 2026-04-09 S Ullem Scott B. (CFO) 8324 @ 79.79 = 664172 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826004476/
- 2026-04-06 S Lippis Daniel J. (officer) 1019 @ 80.98 = 82519 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826004422/
- 2026-04-02 S BOBO DONALD E JR (officer) 18004 @ 80.05 = 1441220 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826004249/
- 2026-04-02 S BOBO DONALD E JR (officer) 4676 @ 80.59 = 376839 · https://www.sec.gov/Archives/edgar/data/1099800/000122520826004249/

## Links

- sec_filings: https://www.sec.gov/edgar/browse/?CIK=0001099800
- sec_xbrl_companyfacts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001099800.json
- sec_form4: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001099800&type=4
- sec_8k: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001099800&type=8-K
- yahoo: https://finance.yahoo.com/quote/EW
- stooq: https://stooq.com/q/d/?s=ew.us
- morningstar (link only, nothing stored): https://www.morningstar.com/search?query=EW
- finviz (link only, nothing stored): https://finviz.com/quote.ashx?t=EW
- stockanalysis (link only, nothing stored): https://stockanalysis.com/stocks/ew/
- seeking_alpha (link only, nothing stored): https://seekingalpha.com/symbol/EW
- openinsider (link only, nothing stored): http://openinsider.com/search?q=EW
- google_news (link only, nothing stored): https://news.google.com/rss/search?q=EW+stock

Cite as: The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/EW; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.

Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.