AdaptHealth Corp. (AHCO) vs QuidelOrtho Corporation (QDEL)

AdaptHealth Corp. and QuidelOrtho Corporation are both Medical Devices companies. AdaptHealth Corp. and QuidelOrtho Corporation are of similar size ($756.7M and $733.1M). AdaptHealth Corp. grew revenue faster over the last twelve months: 8.80% against −2.46%. AdaptHealth Corp. has the higher net margin (−6.77% vs −39.2%) and the higher return on invested capital (−2.50% vs −11.4%). Across the 19 metrics below, AdaptHealth Corp. leads on 15 and QuidelOrtho Corporation on 4.

Valuation

Metric AHCO QDEL Medical Devices median
P/E n/m n/m 22.18
P/S 0.23 0.28 2.70
P/B 0.55 0.42 2.46
Price to free cash flow 7.75 n/m 22.53
EV/EBITDA 4.64 10.44 11.78
EV/Sales 0.78 1.31 2.38
Earnings yield (30.14%) (141.90%) (8.22%)
Free cash flow yield 12.91% (28.53%) (7.80%)

Profitability

Metric AHCO QDEL Medical Devices median
Gross margin 16.87% 44.60% 56.01%
Operating margin (3.87%) (30.84%) (15.03%)
Net margin (6.77%) (39.20%) (20.40%)
Free cash flow margin 2.94% (7.90%) (7.24%)
Return on equity (15.32%) (45.91%) (15.32%)
Return on assets (5.25%) (17.34%) (19.72%)
Return on invested capital (2.50%) (11.35%) (10.33%)

Growth

Metric AHCO QDEL Medical Devices median
Revenue growth (TTM) 8.80% (2.46%) 8.80%
EPS growth (last fiscal year) (185.25%) 44.66% —
Revenue growth, 5-year CAGR 24.83% 10.44% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AHCO QDEL Medical Devices median
Debt to equity 1.38 1.63 0.07
Current ratio 1.12 1.39 2.50
Net debt to EBITDA 2.74 11.10 0.49

Dividend

Metric AHCO QDEL Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric AHCO QDEL Medical Devices median
Market cap 756.74m 733.07m 172.91m

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