Artivion, Inc. (AORT) vs iRadimed Corporation (IRMD)

Artivion, Inc. and iRadimed Corporation are both Medical Devices companies. Artivion, Inc. and iRadimed Corporation are of similar size ($1.1B and $1.1B). Artivion, Inc. has negative trailing earnings, so its P/E is not meaningful; iRadimed Corporation trades at 47.1×. Artivion, Inc. grew revenue faster over the last twelve months: 16.4% against 11.2%. iRadimed Corporation has the higher net margin (26.7% vs −0.67%) and the higher return on invested capital (40.4% vs 1.76%). Across the 20 metrics below, iRadimed Corporation leads on 14 and Artivion, Inc. on 6.

Valuation

Metric AORT IRMD Medical Devices median
P/E n/m 47.12 22.18
P/S 2.33 12.70 2.70
P/B 2.47 10.78 2.46
Price to free cash flow n/m 46.51 22.53
EV/EBITDA 30.70 35.54 11.78
EV/Sales 2.94 12.01 2.38
Earnings yield (0.27%) 2.12% (8.22%)
Free cash flow yield (1.19%) 2.15% (7.80%)

Profitability

Metric AORT IRMD Medical Devices median
Gross margin 64.37% 75.86% 56.01%
Operating margin 4.38% 31.92% (15.03%)
Net margin (0.67%) 26.70% (20.40%)
Free cash flow margin (1.94%) 28.43% (7.24%)
Return on equity (0.73%) 23.52% (15.32%)
Return on assets (0.33%) 20.82% (19.72%)
Return on invested capital 1.76% 40.36% (10.33%)

Growth

Metric AORT IRMD Medical Devices median
Revenue growth (TTM) 16.40% 11.21% 8.80%
EPS growth (last fiscal year) 165.63% 16.67% —
Revenue growth, 5-year CAGR 11.75% 21.45% 15.23%
Net income growth, 5-year CAGR 0.00% 75.02% 0.00%

Health

Metric AORT IRMD Medical Devices median
Debt to equity 0.82 0.00 0.07
Current ratio 3.47 9.46 2.50
Net debt to EBITDA 2.72 (1.87) 0.49

Dividend

Metric AORT IRMD Medical Devices median
Dividend yield — 0.32% 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric AORT IRMD Medical Devices median
Market cap 1.13b 1.09b 172.91m

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