Align Technology, Inc. (ALGN) vs Avantor, Inc. (AVTR)

Align Technology, Inc. and Avantor, Inc. are both Medical Instruments & Supplies companies. Align Technology, Inc. is the larger, with a market value of $11.3B against $10.3B — 1.1× the size. Align Technology, Inc. trades at the lower P/E: 23.1× against 30.3×. Align Technology, Inc. grew revenue faster over the last twelve months: 4.42% against 0.92%. Align Technology, Inc. has the higher net margin (11.8% vs 5.08%) and the higher return on invested capital (12.3% vs 3.36%). Across the 22 metrics below, Align Technology, Inc. leads on 16 and Avantor, Inc. on 6.

Valuation

Metric ALGN AVTR Medical Instruments & Supplies median
P/E 23.08 30.28 30.28
P/S 2.71 1.54 2.49
P/B 2.66 1.76 2.34
Price to free cash flow 16.84 23.34 23.49
EV/EBITDA 12.64 14.74 14.87
EV/Sales 2.44 2.03 2.75
Earnings yield 4.33% 3.30% 0.00%
Free cash flow yield 5.94% 4.28% 0.59%

Profitability

Metric ALGN AVTR Medical Instruments & Supplies median
Gross margin 69.14% 31.59% 53.60%
Operating margin 14.92% 7.34% 1.97%
Net margin 11.83% 5.08% 0.00%
Free cash flow margin 18.03% 6.62% 2.36%
Return on equity 0.00% 5.91% 0.00%
Return on assets 7.71% 2.89% 0.00%
Return on invested capital 12.27% 3.36% 0.13%

Growth

Metric ALGN AVTR Medical Instruments & Supplies median
Revenue growth (TTM) 4.42% 0.92% 8.97%
EPS growth (last fiscal year) 0.53% (175.00%) 6.51%
Revenue growth, 5-year CAGR 10.30% 0.49% 8.85%
Net income growth, 5-year CAGR (25.40%) 0.00% 0.00%

Health

Metric ALGN AVTR Medical Instruments & Supplies median
Debt to equity 0.00 0.63 0.10
Current ratio 1.42 1.89 2.47
Net debt to EBITDA (1.40) 20.76 0.97

Dividend

Metric ALGN AVTR Medical Instruments & Supplies median
Dividend yield — — 1.02%
Payout ratio — — 0.27

Size

Metric ALGN AVTR Medical Instruments & Supplies median
Market cap 11.32b 10.26b 1.71b

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