Artivion, Inc. (AORT) vs Alphatec Holdings, Inc. (ATEC)

Artivion, Inc. and Alphatec Holdings, Inc. are both Medical Devices companies. Alphatec Holdings, Inc. is the larger, with a market value of $1.5B against $1.1B — 1.4× the size. Alphatec Holdings, Inc. grew revenue faster over the last twelve months: 19.5% against 16.4%. Artivion, Inc. has the higher net margin (−0.67% vs −13.5%) and the higher return on invested capital (1.76% vs −8.10%). Across the 18 metrics below, Artivion, Inc. leads on 10 and Alphatec Holdings, Inc. on 8.

Valuation

Metric AORT ATEC Medical Devices median
P/E n/m n/m 22.18
P/S 2.33 1.94 2.70
P/B 2.47 n/m 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA 30.70 33.03 11.78
EV/Sales 2.94 2.50 2.38
Earnings yield (0.27%) (7.02%) (8.22%)
Free cash flow yield (1.19%) (0.36%) (7.80%)

Profitability

Metric AORT ATEC Medical Devices median
Gross margin 64.37% 68.99% 56.01%
Operating margin 4.38% (6.04%) (15.03%)
Net margin (0.67%) (13.50%) (20.40%)
Free cash flow margin (1.94%) (0.70%) (7.24%)
Return on equity (0.73%) (1,879.90%) (15.32%)
Return on assets (0.33%) (13.91%) (19.72%)
Return on invested capital 1.76% (8.10%) (10.33%)

Growth

Metric AORT ATEC Medical Devices median
Revenue growth (TTM) 16.40% 19.47% 8.80%
EPS growth (last fiscal year) 165.63% 15.04% —
Revenue growth, 5-year CAGR 11.75% 39.46% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AORT ATEC Medical Devices median
Debt to equity 0.82 (42.32) 0.07
Current ratio 3.47 1.89 2.50
Net debt to EBITDA 2.72 14.84 0.49

Dividend

Metric AORT ATEC Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric AORT ATEC Medical Devices median
Market cap 1.13b 1.53b 172.91m

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