Accuray Incorporated (ARAY) vs QT Imaging Holdings, Inc. (QTI)

Accuray Incorporated and QT Imaging Holdings, Inc. are both Medical Devices companies. QT Imaging Holdings, Inc. is the larger, with a market value of $37.0M against $27.8M — 1.3× the size. QT Imaging Holdings, Inc. grew revenue faster over the last twelve months: 220.0% against −12.3%. Accuray Incorporated has the higher net margin (−12.2% vs −77.3%) and the higher return on invested capital (−11.3% vs −62.5%). Across the 17 metrics below, Accuray Incorporated leads on 11 and QT Imaging Holdings, Inc. on 6.

Valuation

Metric ARAY QTI Medical Devices median
P/E n/m n/m 22.18
P/S 0.07 1.41 2.70
P/B 0.65 16.64 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 0.33 1.58 2.38
Earnings yield (181.82%) (62.30%) (8.22%)
Free cash flow yield (47.85%) (34.09%) (7.80%)

Profitability

Metric ARAY QTI Medical Devices median
Gross margin 27.73% 40.39% 56.01%
Operating margin (6.58%) (24.84%) (15.03%)
Net margin (12.24%) (77.26%) (20.40%)
Free cash flow margin (3.19%) (48.19%) (7.24%)
Return on equity (80.08%) (2,125.31%) (15.32%)
Return on assets (10.77%) (96.64%) (19.72%)
Return on invested capital (11.25%) (62.51%) (10.33%)

Growth

Metric ARAY QTI Medical Devices median
Revenue growth (TTM) (12.34%) 220.02% 8.80%
EPS growth (last fiscal year) (2,480.65%) 5.64% —
Revenue growth, 5-year CAGR 0.28% — 15.23%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ARAY QTI Medical Devices median
Debt to equity 3.51 6.81 0.07
Current ratio 1.50 3.10 2.50
Net debt to EBITDA (10.10) 1.36 0.49

Dividend

Metric ARAY QTI Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric ARAY QTI Medical Devices median
Market cap 27.82m 37.03m 172.91m

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