vs
Side-by-side financial comparison of Edwards Lifesciences (EW) and GLOBAL PARTNERS LP (GLP). Click either name above to swap in a different company.
GLOBAL PARTNERS LP is the larger business by last-quarter revenue ($2.2B vs $1.6B, roughly 1.3× Edwards Lifesciences). Edwards Lifesciences runs the higher net margin — 23.1% vs 1.1%, a 22.0% gap on every dollar of revenue. On growth, Edwards Lifesciences posted the faster year-over-year revenue change (16.7% vs 7.0%). Over the past eight quarters, Edwards Lifesciences's revenue compounded faster (9.7% CAGR vs 0.2%).
Edwards Lifesciences Corporation is an American medical technology company headquartered in Irvine, California, specializing in artificial heart valves and hemodynamic monitoring. It developed the Sapien transcatheter aortic heart valve made of cow tissue within a balloon-expandable, cobalt-chromium frame, deployed via catheter.
Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.
EW vs GLP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.2B |
| Net Profit | $380.7M | $25.1M |
| Gross Margin | 78.0% | 11.9% |
| Operating Margin | 1.8% | 2.6% |
| Net Margin | 23.1% | 1.1% |
| Revenue YoY | 16.7% | 7.0% |
| Net Profit YoY | 6.8% | 5.0% |
| EPS (diluted) | $0.66 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $2.2B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $2.1B | ||
| Q2 24 | $1.4B | $2.3B |
| Q1 26 | $380.7M | — | ||
| Q4 25 | $91.2M | $25.1M | ||
| Q3 25 | $291.1M | $29.0M | ||
| Q2 25 | $333.2M | $25.2M | ||
| Q1 25 | $358.0M | $18.7M | ||
| Q4 24 | $385.6M | $23.9M | ||
| Q3 24 | $3.1B | $45.9M | ||
| Q2 24 | $366.3M | $46.1M |
| Q1 26 | 78.0% | — | ||
| Q4 25 | 78.1% | 11.9% | ||
| Q3 25 | 77.8% | 12.1% | ||
| Q2 25 | 77.5% | 13.1% | ||
| Q1 25 | 78.7% | 11.7% | ||
| Q4 24 | 78.9% | 13.0% | ||
| Q3 24 | 80.6% | 13.4% | ||
| Q2 24 | 79.9% | 12.6% |
| Q1 26 | 1.8% | — | ||
| Q4 25 | 9.6% | 2.6% | ||
| Q3 25 | 19.8% | 2.7% | ||
| Q2 25 | 26.8% | 2.9% | ||
| Q1 25 | 27.9% | 2.6% | ||
| Q4 24 | 22.6% | 2.8% | ||
| Q3 24 | 25.9% | 3.9% | ||
| Q2 24 | 26.8% | 3.7% |
| Q1 26 | 23.1% | — | ||
| Q4 25 | 5.8% | 1.1% | ||
| Q3 25 | 18.7% | 1.3% | ||
| Q2 25 | 21.7% | 1.2% | ||
| Q1 25 | 25.3% | 0.9% | ||
| Q4 24 | 27.8% | 1.2% | ||
| Q3 24 | 226.7% | 2.1% | ||
| Q2 24 | 26.7% | 2.0% |
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.16 | — | ||
| Q3 25 | $0.50 | — | ||
| Q2 25 | $0.56 | — | ||
| Q1 25 | $0.61 | — | ||
| Q4 24 | $0.65 | — | ||
| Q3 24 | $5.13 | — | ||
| Q2 24 | $0.61 | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $101.0M |
| Free Cash FlowOCF − Capex | — | $62.2M |
| FCF MarginFCF / Revenue | — | 2.8% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | — | 4.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $193.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $450.9M | $101.0M | ||
| Q3 25 | $573.7M | $19.0M | ||
| Q2 25 | $290.2M | $216.3M | ||
| Q1 25 | $280.4M | $-51.6M | ||
| Q4 24 | $-127.5M | $67.2M | ||
| Q3 24 | $351.8M | $122.7M | ||
| Q2 24 | $371.5M | $24.3M |
| Q1 26 | — | — | ||
| Q4 25 | $353.5M | $62.2M | ||
| Q3 25 | $516.2M | $-678.0K | ||
| Q2 25 | $240.9M | $201.3M | ||
| Q1 25 | $224.4M | $-69.5M | ||
| Q4 24 | $-177.3M | $20.4M | ||
| Q3 24 | $299.9M | $98.4M | ||
| Q2 24 | $286.1M | $8.7M |
| Q1 26 | — | — | ||
| Q4 25 | 22.5% | 2.8% | ||
| Q3 25 | 33.2% | -0.0% | ||
| Q2 25 | 15.7% | 9.7% | ||
| Q1 25 | 15.9% | -3.2% | ||
| Q4 24 | -12.8% | 1.0% | ||
| Q3 24 | 22.1% | 4.6% | ||
| Q2 24 | 20.9% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | 1.8% | ||
| Q3 25 | 3.7% | 0.9% | ||
| Q2 25 | 3.2% | 0.7% | ||
| Q1 25 | 4.0% | 0.8% | ||
| Q4 24 | 3.6% | 2.3% | ||
| Q3 24 | 3.8% | 1.1% | ||
| Q2 24 | 6.2% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.94× | 4.03× | ||
| Q3 25 | 1.97× | 0.66× | ||
| Q2 25 | 0.87× | 8.58× | ||
| Q1 25 | 0.78× | -2.76× | ||
| Q4 24 | -0.33× | 2.82× | ||
| Q3 24 | 0.11× | 2.67× | ||
| Q2 24 | 1.01× | 0.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EW
Segment breakdown not available.
GLP
| Gasoline | $1.0B | 46% |
| Refined Petroleum Products Renewable Fuels Crude Oil And Propane | $884.7M | 40% |
| Commercial Segment | $187.6M | 8% |
| Station Operations | $110.5M | 5% |
