Apyx Medical Corporation (APYX) vs electroCore, Inc. (ECOR)

Apyx Medical Corporation and electroCore, Inc. are both Medical Devices companies. Apyx Medical Corporation is the larger, with a market value of $119.2M against $102.3M — 1.2× the size. electroCore, Inc. grew revenue faster over the last twelve months: 33.5% against 25.6%. Apyx Medical Corporation has the higher net margin (−14.8% vs −40.0%) and the lower return on invested capital (−11.8% vs 0.00%). Across the 17 metrics below, Apyx Medical Corporation leads on 11 and electroCore, Inc. on 6.

Valuation

Metric APYX ECOR Medical Devices median
P/E n/m n/m 22.18
P/S 2.22 2.83 2.70
P/B 11.70 n/m 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 2.36 2.72 2.38
Earnings yield (6.76%) (14.93%) (8.22%)
Free cash flow yield (8.51%) (9.32%) (7.80%)

Profitability

Metric APYX ECOR Medical Devices median
Gross margin 63.50% 87.06% 56.01%
Operating margin (6.06%) (37.64%) (15.03%)
Net margin (14.78%) (39.96%) (20.40%)
Free cash flow margin (18.91%) (26.36%) (7.24%)
Return on equity (93.11%) 1,761.48% (15.32%)
Return on assets (14.48%) (93.41%) (19.72%)
Return on invested capital (11.76%) 0.00% (10.33%)

Growth

Metric APYX ECOR Medical Devices median
Revenue growth (TTM) 25.59% 33.45% 8.80%
EPS growth (last fiscal year) 59.09% (3.77%) —
Revenue growth, 5-year CAGR 13.78% 55.74% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric APYX ECOR Medical Devices median
Debt to equity 3.19 (2.07) 0.07
Current ratio 5.68 1.21 2.50
Net debt to EBITDA (0.54) 0.40 0.49

Dividend

Metric APYX ECOR Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric APYX ECOR Medical Devices median
Market cap 119.21m 102.33m 172.91m

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