Alamar Biosciences, Inc. (ALMR) vs Inspire Medical Systems, Inc. (INSP)

Alamar Biosciences, Inc. and Inspire Medical Systems, Inc. are both Medical Devices companies. Alamar Biosciences, Inc. and Inspire Medical Systems, Inc. are of similar size ($1.9B and $1.9B). Alamar Biosciences, Inc. has negative trailing earnings, so its P/E is not meaningful; Inspire Medical Systems, Inc. trades at 19.1×. Inspire Medical Systems, Inc. has the higher net margin (11.4% vs −52.2%) and the higher return on invested capital (1.97% vs −10.1%). Across the 15 metrics below, Inspire Medical Systems, Inc. leads on 14 and Alamar Biosciences, Inc. on 1.

Valuation

Metric ALMR INSP Medical Devices median
P/E n/m 19.12 25.58
P/S 17.83 2.18 2.54
P/B 6.18 2.33 2.48
Price to free cash flow n/m 19.64 28.81
EV/EBITDA n/m 48.40 11.51
EV/Sales 15.55 1.82 2.72
Earnings yield (10.19%) 5.23% (12.82%)
Free cash flow yield (5.87%) 5.09% (8.18%)

Profitability

Metric ALMR INSP Medical Devices median
Gross margin 58.38% 86.19% 57.76%
Operating margin (46.53%) 1.79% (15.07%)
Net margin (52.19%) 11.43% (14.45%)
Free cash flow margin (104.68%) 11.11% (3.88%)
Return on equity (64.46%) 13.49% (10.35%)
Return on assets (20.81%) 11.44% (17.26%)
Return on invested capital (10.07%) 1.97% (5.27%)

Growth

Metric ALMR INSP Medical Devices median
Revenue growth (TTM) — (0.19%) 10.41%
EPS growth (last fiscal year) 34.77% 179.43% 28.17%
Revenue growth, 5-year CAGR — 51.21% 15.74%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric ALMR INSP Medical Devices median
Debt to equity 0.00 0.00 0.04
Current ratio 9.49 6.45 2.74
Net debt to EBITDA 0.74 (4.97) 0.54

Dividend

Metric ALMR INSP Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.37

Size

Metric ALMR INSP Medical Devices median
Market cap 1.87b 1.93b 239.53m

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