Astrana Health, Inc. (ASTH) vs Surgery Partners, Inc. (SGRY)

Astrana Health, Inc. and Surgery Partners, Inc. are both Medical Care Facilities companies. Astrana Health, Inc. and Surgery Partners, Inc. are of similar size ($1.9B and $1.7B). Surgery Partners, Inc. has negative trailing earnings, so its P/E is not meaningful; Astrana Health, Inc. trades at 43.6×. Astrana Health, Inc. grew revenue faster over the last twelve months: 58.9% against 3.99%. Astrana Health, Inc. has the higher net margin (1.05% vs −2.63%) and the higher return on invested capital (4.56% vs 3.61%). Across the 21 metrics below, Astrana Health, Inc. leads on 11 and Surgery Partners, Inc. on 10.

Valuation

Metric ASTH SGRY Medical Care Facilities median
P/E 43.64 n/m 19.16
P/S 0.46 0.55 0.90
P/B 2.12 0.60 2.91
Price to free cash flow 18.85 9.69 12.62
EV/EBITDA 13.77 9.24 10.06
EV/Sales 0.60 1.60 1.35
Earnings yield 2.29% (4.86%) 2.30%
Free cash flow yield 5.31% 10.32% 4.14%

Profitability

Metric ASTH SGRY Medical Care Facilities median
Gross margin 10.46% 22.51% 30.78%
Operating margin 2.61% 12.06% 5.74%
Net margin 1.05% (2.63%) 2.32%
Free cash flow margin 2.46% 5.69% 5.46%
Return on equity 5.03% (2.83%) 8.76%
Return on assets 2.18% (1.11%) 2.18%
Return on invested capital 4.56% 3.61% 5.40%

Growth

Metric ASTH SGRY Medical Care Facilities median
Revenue growth (TTM) 58.91% 3.99% 7.12%
EPS growth (last fiscal year) (48.89%) 54.14% —
Revenue growth, 5-year CAGR 35.87% 12.21% 9.58%
Net income growth, 5-year CAGR (9.81%) 0.00% 0.00%

Health

Metric ASTH SGRY Medical Care Facilities median
Debt to equity 1.11 1.21 0.30
Current ratio 1.23 1.95 1.22
Net debt to EBITDA 4.75 5.88 1.32

Dividend

Metric ASTH SGRY Medical Care Facilities median
Dividend yield 0.22% — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric ASTH SGRY Medical Care Facilities median
Market cap 1.71b 1.86b 1.34b

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