Alphatec Holdings, Inc. (ATEC) vs Beta Bionics, Inc. (BBNX)

Alphatec Holdings, Inc. and Beta Bionics, Inc. are both Medical Devices companies. Alphatec Holdings, Inc. is the larger, with a market value of $1.5B against $1.2B — 1.3× the size. Beta Bionics, Inc. grew revenue faster over the last twelve months: 52.5% against 19.5%. Alphatec Holdings, Inc. has the higher net margin (−13.5% vs −61.3%) and the higher return on invested capital (−8.10% vs −68.5%). Across the 16 metrics below, Alphatec Holdings, Inc. leads on 11 and Beta Bionics, Inc. on 5.

Valuation

Metric ATEC BBNX Medical Devices median
P/E n/m n/m 22.18
P/S 1.94 8.05 2.70
P/B n/m 3.74 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA 33.03 n/m 11.78
EV/Sales 2.50 6.53 2.38
Earnings yield (7.02%) (7.67%) (8.22%)
Free cash flow yield (0.36%) (35.29%) (7.80%)

Profitability

Metric ATEC BBNX Medical Devices median
Gross margin 68.99% 58.31% 56.01%
Operating margin (6.04%) (69.75%) (15.03%)
Net margin (13.50%) (61.32%) (20.40%)
Free cash flow margin (0.70%) (284.13%) (7.24%)
Return on equity (1,879.90%) (26.16%) (15.32%)
Return on assets (13.91%) (23.45%) (19.72%)
Return on invested capital (8.10%) (68.47%) (10.33%)

Growth

Metric ATEC BBNX Medical Devices median
Revenue growth (TTM) 19.47% 52.54% 8.80%
EPS growth (last fiscal year) 15.04% 78.95% —
Revenue growth, 5-year CAGR 39.46% — 15.23%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ATEC BBNX Medical Devices median
Debt to equity (42.32) 0.00 0.07
Current ratio 1.89 8.88 2.50
Net debt to EBITDA 14.84 3.19 0.49

Dividend

Metric ATEC BBNX Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 — 0.00

Size

Metric ATEC BBNX Medical Devices median
Market cap 1.53b 1.17b 172.91m

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