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Side-by-side financial comparison of Edwards Lifesciences (EW) and MATTEL INC (MAT). Click either name above to swap in a different company.

Edwards Lifesciences is the larger business by last-quarter revenue ($1.6B vs $862.2M, roughly 1.9× MATTEL INC). Edwards Lifesciences runs the higher net margin — 23.1% vs 7.1%, a 16.0% gap on every dollar of revenue. On growth, Edwards Lifesciences posted the faster year-over-year revenue change (16.7% vs 4.3%). Over the past eight quarters, Edwards Lifesciences's revenue compounded faster (9.7% CAGR vs -10.6%).

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.

Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.

EW vs MAT — Head-to-Head

Bigger by revenue
EW
EW
1.9× larger
EW
$1.6B
$862.2M
MAT
Growing faster (revenue YoY)
EW
EW
+12.4% gap
EW
16.7%
4.3%
MAT
Higher net margin
EW
EW
16.0% more per $
EW
23.1%
7.1%
MAT
Faster 2-yr revenue CAGR
EW
EW
Annualised
EW
9.7%
-10.6%
MAT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EW
EW
MAT
MAT
Revenue
$1.6B
$862.2M
Net Profit
$380.7M
$61.0M
Gross Margin
78.0%
44.9%
Operating Margin
1.8%
Net Margin
23.1%
7.1%
Revenue YoY
16.7%
4.3%
Net Profit YoY
6.8%
251.4%
EPS (diluted)
$0.66
$0.20

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.

Revenue
EW
EW
MAT
MAT
Q1 26
$1.6B
$862.2M
Q4 25
$1.6B
$1.8B
Q3 25
$1.6B
$1.7B
Q2 25
$1.5B
$1.0B
Q1 25
$1.4B
$826.6M
Q4 24
$1.4B
$1.6B
Q3 24
$1.4B
$1.8B
Q2 24
$1.4B
$1.1B
Net Profit
EW
EW
MAT
MAT
Q1 26
$380.7M
$61.0M
Q4 25
$91.2M
$106.2M
Q3 25
$291.1M
$278.4M
Q2 25
$333.2M
$53.4M
Q1 25
$358.0M
$-40.3M
Q4 24
$385.6M
$140.9M
Q3 24
$3.1B
$372.4M
Q2 24
$366.3M
$56.9M
Gross Margin
EW
EW
MAT
MAT
Q1 26
78.0%
44.9%
Q4 25
78.1%
45.9%
Q3 25
77.8%
50.0%
Q2 25
77.5%
50.9%
Q1 25
78.7%
49.4%
Q4 24
78.9%
50.7%
Q3 24
80.6%
53.1%
Q2 24
79.9%
49.2%
Operating Margin
EW
EW
MAT
MAT
Q1 26
1.8%
Q4 25
9.6%
8.0%
Q3 25
19.8%
21.9%
Q2 25
26.8%
7.7%
Q1 25
27.9%
-6.4%
Q4 24
22.6%
9.6%
Q3 24
25.9%
26.5%
Q2 24
26.8%
7.7%
Net Margin
EW
EW
MAT
MAT
Q1 26
23.1%
7.1%
Q4 25
5.8%
6.0%
Q3 25
18.7%
16.0%
Q2 25
21.7%
5.2%
Q1 25
25.3%
-4.9%
Q4 24
27.8%
8.6%
Q3 24
226.7%
20.2%
Q2 24
26.7%
5.3%
EPS (diluted)
EW
EW
MAT
MAT
Q1 26
$0.66
$0.20
Q4 25
$0.16
$0.32
Q3 25
$0.50
$0.88
Q2 25
$0.56
$0.16
Q1 25
$0.61
$-0.12
Q4 24
$0.65
$0.40
Q3 24
$5.13
$1.09
Q2 24
$0.61
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EW
EW
MAT
MAT
Cash + ST InvestmentsLiquidity on hand
$866.0M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$2.1B
Total Assets
$6.3B
Debt / EquityLower = less leverage
1.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EW
EW
MAT
MAT
Q1 26
$866.0M
Q4 25
$4.2B
$1.2B
Q3 25
$3.8B
$691.9M
Q2 25
$4.1B
$870.5M
Q1 25
$3.9B
$1.2B
Q4 24
$4.0B
$1.4B
Q3 24
$4.4B
$723.5M
Q2 24
$2.0B
$722.4M
Total Debt
EW
EW
MAT
MAT
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
EW
EW
MAT
MAT
Q1 26
$2.1B
Q4 25
$10.3B
$2.2B
Q3 25
$10.2B
$2.3B
Q2 25
$10.5B
$2.2B
Q1 25
$10.1B
$2.1B
Q4 24
$10.0B
$2.3B
Q3 24
$9.5B
$2.3B
Q2 24
$7.4B
$2.0B
Total Assets
EW
EW
MAT
MAT
Q1 26
$6.3B
Q4 25
$13.7B
$6.6B
Q3 25
$13.3B
$6.6B
Q2 25
$13.5B
$6.2B
Q1 25
$13.0B
$6.2B
Q4 24
$13.1B
$6.5B
Q3 24
$13.0B
$6.5B
Q2 24
$10.1B
$5.9B
Debt / Equity
EW
EW
MAT
MAT
Q1 26
1.11×
Q4 25
1.04×
Q3 25
1.03×
Q2 25
1.08×
Q1 25
1.10×
Q4 24
1.03×
Q3 24
1.01×
Q2 24
1.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EW
EW
MAT
MAT
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-88.1M
FCF MarginFCF / Revenue
-10.2%
Capex IntensityCapex / Revenue
7.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EW
EW
MAT
MAT
Q1 26
Q4 25
$450.9M
$796.6M
Q3 25
$573.7M
$72.0M
Q2 25
$290.2M
$-300.1M
Q1 25
$280.4M
$24.8M
Q4 24
$-127.5M
$862.1M
Q3 24
$351.8M
$155.8M
Q2 24
$371.5M
$-252.9M
Free Cash Flow
EW
EW
MAT
MAT
Q1 26
$-88.1M
Q4 25
$353.5M
Q3 25
$516.2M
Q2 25
$240.9M
Q1 25
$224.4M
Q4 24
$-177.3M
Q3 24
$299.9M
Q2 24
$286.1M
FCF Margin
EW
EW
MAT
MAT
Q1 26
-10.2%
Q4 25
22.5%
Q3 25
33.2%
Q2 25
15.7%
Q1 25
15.9%
Q4 24
-12.8%
Q3 24
22.1%
Q2 24
20.9%
Capex Intensity
EW
EW
MAT
MAT
Q1 26
7.6%
Q4 25
6.2%
Q3 25
3.7%
Q2 25
3.2%
Q1 25
4.0%
Q4 24
3.6%
Q3 24
3.8%
Q2 24
6.2%
Cash Conversion
EW
EW
MAT
MAT
Q1 26
Q4 25
4.94×
7.50×
Q3 25
1.97×
0.26×
Q2 25
0.87×
-5.62×
Q1 25
0.78×
Q4 24
-0.33×
6.12×
Q3 24
0.11×
0.42×
Q2 24
1.01×
-4.45×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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