Artivion, Inc. (AORT) vs Bioventus Inc. (BVS)

Artivion, Inc. and Bioventus Inc. are both Medical Devices companies. Artivion, Inc. and Bioventus Inc. are of similar size ($1.1B and $1.1B). Artivion, Inc. has negative trailing earnings, so its P/E is not meaningful; Bioventus Inc. trades at 17.0×. Artivion, Inc. grew revenue faster over the last twelve months: 16.4% against 3.14%. Bioventus Inc. has the higher net margin (9.36% vs −0.67%) and the higher return on invested capital (7.34% vs 1.76%). Across the 20 metrics below, Bioventus Inc. leads on 15 and Artivion, Inc. on 5.

Valuation

Metric AORT BVS Medical Devices median
P/E n/m 17.05 22.18
P/S 2.33 1.61 2.70
P/B 2.47 3.38 2.46
Price to free cash flow n/m 9.94 22.53
EV/EBITDA 30.70 11.17 11.78
EV/Sales 2.94 1.99 2.38
Earnings yield (0.27%) 5.87% (8.22%)
Free cash flow yield (1.19%) 10.06% (7.80%)

Profitability

Metric AORT BVS Medical Devices median
Gross margin 64.37% 68.65% 56.01%
Operating margin 4.38% 10.02% (15.03%)
Net margin (0.67%) 9.36% (20.40%)
Free cash flow margin (1.94%) 16.20% (7.24%)
Return on equity (0.73%) 22.75% (15.32%)
Return on assets (0.33%) 7.89% (19.72%)
Return on invested capital 1.76% 7.34% (10.33%)

Growth

Metric AORT BVS Medical Devices median
Revenue growth (TTM) 16.40% 3.14% 8.80%
EPS growth (last fiscal year) 165.63% 163.46% —
Revenue growth, 5-year CAGR 11.75% 12.08% 15.23%
Net income growth, 5-year CAGR 0.00% 6.73% 0.00%

Health

Metric AORT BVS Medical Devices median
Debt to equity 0.82 0.90 0.07
Current ratio 3.47 1.69 2.50
Net debt to EBITDA 2.72 2.40 0.49

Dividend

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

Size

Metric AORT BVS Medical Devices median
Market cap 1.13b 1.13b 172.91m

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