AdaptHealth Corp. (AHCO) vs Alphatec Holdings, Inc. (ATEC)

AdaptHealth Corp. and Alphatec Holdings, Inc. are both Medical Devices companies. Alphatec Holdings, Inc. is the larger, with a market value of $1.2B against $1.0B — 1.2× the size. Alphatec Holdings, Inc. grew revenue faster over the last twelve months: 15.3% against 10.8%. Alphatec Holdings, Inc. has the higher net margin (−10.4% vs −11.8%) and the higher return on invested capital (−4.04% vs −6.74%). Across the 18 metrics below, Alphatec Holdings, Inc. leads on 10 and AdaptHealth Corp. on 8.

Valuation

Metric AHCO ATEC Medical Devices median
P/E n/m n/m 24.94
P/S 0.29 1.40 2.66
P/B 0.81 n/m 2.36
Price to free cash flow 11.99 n/m 28.12
EV/EBITDA 4.91 19.96 11.42
EV/Sales 0.82 1.95 2.76
Earnings yield (40.79%) (7.45%) (12.66%)
Free cash flow yield 8.34% (0.89%) (7.18%)

Profitability

Metric AHCO ATEC Medical Devices median
Gross margin 15.83% 69.46% 57.76%
Operating margin (9.57%) (3.58%) (14.84%)
Net margin (11.81%) (10.35%) (14.45%)
Free cash flow margin 2.42% (1.24%) (5.70%)
Return on equity (28.46%) (1,888.01%) (10.56%)
Return on assets (9.48%) (10.97%) (17.26%)
Return on invested capital (6.74%) (4.04%) (5.22%)

Growth

Metric AHCO ATEC Medical Devices median
Revenue growth (TTM) 10.81% 15.34% 10.41%
EPS growth (last fiscal year) (185.25%) 15.04% 28.17%
Revenue growth, 5-year CAGR 24.83% 39.46% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AHCO ATEC Medical Devices median
Debt to equity 1.54 (237.62) 0.04
Current ratio 1.13 2.36 2.67
Net debt to EBITDA 2.74 14.84 0.54

Dividend

Metric AHCO ATEC Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.38

Size

Metric AHCO ATEC Medical Devices median
Market cap 1.01b 1.21b 221.84m

Compare with another peer

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