Adagio Medical Holdings, Inc. (ADGM) vs Tenon Medical, Inc. (TNON)

Adagio Medical Holdings, Inc. and Tenon Medical, Inc. are both Medical Devices companies. Adagio Medical Holdings, Inc. is the larger, with a market value of $4.4M against $3.2M — 1.4× the size. Adagio Medical Holdings, Inc. has the higher net margin (0.00% vs −257.9%) and the lower return on invested capital (−74.6% vs 0.00%). Across the 15 metrics below, Adagio Medical Holdings, Inc. leads on 9 and Tenon Medical, Inc. on 6.

Valuation

Metric ADGM TNON Medical Devices median
P/E n/m n/m 22.18
P/S 7.38 0.19 2.70
P/B n/m n/m 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m 0.01 11.78
EV/Sales 35.78 (0.03) 2.38
Earnings yield (715.00%) (1,433.46%) (8.22%)
Free cash flow yield (373.03%) (1,249.22%) (7.80%)

Profitability

Metric ADGM TNON Medical Devices median
Gross margin 0.00% 66.81% 56.01%
Operating margin 0.00% (242.70%) (15.03%)
Net margin 0.00% (257.85%) (20.40%)
Free cash flow margin 0.00% (241.43%) (7.24%)
Return on equity (657.76%) 1,475.97% (15.32%)
Return on assets (77.80%) (130.22%) (19.72%)
Return on invested capital (74.60%) 0.00% (10.33%)

Growth

Metric ADGM TNON Medical Devices median
Revenue growth (TTM) — 80.25% 8.80%
EPS growth (last fiscal year) 68.63% 84.90% —
Revenue growth, 5-year CAGR — 145.98% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ADGM TNON Medical Devices median
Debt to equity (59.85) 0.00 0.07
Current ratio 1.41 0.58 2.50
Net debt to EBITDA (0.19) 0.31 0.49

Dividend

Metric ADGM TNON Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 — 0.00

Size

Metric ADGM TNON Medical Devices median
Market cap 4.43m 3.24m 172.91m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack