Stock Analysis on Net

Edwards Lifesciences Corp. (NYSE:EW)

This company has been moved to the archive! The financial data has not been updated since February 14, 2022.

Analysis of Reportable Segments

Microsoft Excel

Segment Profit Margin

Edwards Lifesciences Corp., profit margin by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
United States 69.22% 68.63% 68.79% 66.57% 65.12%
Europe 51.76% 50.71% 50.97% 47.77% 47.26%
Japan 65.91% 63.84% 61.69% 59.49% 56.41%
Rest of World 34.73% 33.24% 29.52% 29.19% 25.97%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin United States United States segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Europe Europe segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Japan Japan segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.
Rest of World Rest of World segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Segment Profit Margin: United States

Edwards Lifesciences Corp.; United States; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Segment operating income 2,051,000 1,727,300 1,742,300 1,368,100 1,242,300
Segment net sales 2,963,100 2,516,800 2,532,700 2,055,200 1,907,600
Segment Profitability Ratio
Segment profit margin1 69.22% 68.63% 68.79% 66.57% 65.12%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Segment net sales
= 100 × 2,051,000 ÷ 2,963,100 = 69.22%

Segment profitability ratio Reportable segment The company
Segment profit margin United States United States segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Profit Margin: Europe

Edwards Lifesciences Corp.; Europe; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Segment operating income 569,100 479,300 472,000 394,800 378,400
Segment net sales 1,099,600 945,200 926,100 826,400 800,700
Segment Profitability Ratio
Segment profit margin1 51.76% 50.71% 50.97% 47.77% 47.26%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Segment net sales
= 100 × 569,100 ÷ 1,099,600 = 51.76%

Segment profitability ratio Reportable segment The company
Segment profit margin Europe Europe segment profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Segment Profit Margin: Japan

Edwards Lifesciences Corp.; Japan; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Segment operating income 348,000 286,400 272,300 237,000 201,100
Segment net sales 528,000 448,600 441,400 398,400 356,500
Segment Profitability Ratio
Segment profit margin1 65.91% 63.84% 61.69% 59.49% 56.41%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Segment net sales
= 100 × 348,000 ÷ 528,000 = 65.91%

Segment profitability ratio Reportable segment The company
Segment profit margin Japan Japan segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Segment Profit Margin: Rest of World

Edwards Lifesciences Corp.; Rest of World; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Segment operating income 185,200 150,100 127,900 115,600 92,800
Segment net sales 533,200 451,500 433,300 396,000 357,300
Segment Profitability Ratio
Segment profit margin1 34.73% 33.24% 29.52% 29.19% 25.97%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Segment operating income ÷ Segment net sales
= 100 × 185,200 ÷ 533,200 = 34.73%

Segment profitability ratio Reportable segment The company
Segment profit margin Rest of World Rest of World segment profit margin ratio improved from 2019 to 2020 and from 2020 to 2021.

Segment net sales

Edwards Lifesciences Corp., segment net sales by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
United States 2,963,100 2,516,800 2,532,700 2,055,200 1,907,600
Europe 1,099,600 945,200 926,100 826,400 800,700
Japan 528,000 448,600 441,400 398,400 356,500
Rest of World 533,200 451,500 433,300 396,000 357,300
Total 5,123,900 4,362,100 4,333,500 3,676,000 3,422,100

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Segment operating income

Edwards Lifesciences Corp., segment operating income by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
United States 2,051,000 1,727,300 1,742,300 1,368,100 1,242,300
Europe 569,100 479,300 472,000 394,800 378,400
Japan 348,000 286,400 272,300 237,000 201,100
Rest of World 185,200 150,100 127,900 115,600 92,800
Total 3,153,300 2,643,100 2,614,500 2,115,500 1,914,600

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).