Alphatec Holdings, Inc. (ATEC) vs Enovis Corporation (ENOV)

Alphatec Holdings, Inc. and Enovis Corporation are both Medical Devices companies. Enovis Corporation is the larger, with a market value of $1.7B against $1.2B — 1.4× the size. Alphatec Holdings, Inc. grew revenue faster over the last twelve months: 15.3% against 3.28%. Alphatec Holdings, Inc. has the higher net margin (−10.4% vs −22.9%) and the higher return on invested capital (−4.04% vs −10.8%). Across the 18 metrics below, Alphatec Holdings, Inc. leads on 11 and Enovis Corporation on 7.

Valuation

Metric ATEC ENOV Medical Devices median
P/E n/m n/m 25.58
P/S 1.46 0.72 2.54
P/B n/m 1.11 2.48
Price to free cash flow n/m 23.80 28.81
EV/EBITDA 20.61 9.39 11.51
EV/Sales 2.02 1.26 2.72
Earnings yield (7.06%) (32.54%) (12.82%)
Free cash flow yield (0.85%) 4.20% (8.18%)

Profitability

Metric ATEC ENOV Medical Devices median
Gross margin 69.46% 61.31% 57.76%
Operating margin (3.58%) (20.59%) (15.07%)
Net margin (10.35%) (22.87%) (14.45%)
Free cash flow margin (1.24%) 3.02% (3.88%)
Return on equity (1,888.01%) (29.97%) (10.35%)
Return on assets (10.97%) (12.91%) (17.26%)
Return on invested capital (4.04%) (10.83%) (5.27%)

Growth

Metric ATEC ENOV Medical Devices median
Revenue growth (TTM) 15.34% 3.28% 10.41%
EPS growth (last fiscal year) 15.04% (38.98%) 28.17%
Revenue growth, 5-year CAGR 39.46% 14.94% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ATEC ENOV Medical Devices median
Debt to equity (237.62) 0.84 0.04
Current ratio 2.36 2.15 2.74
Net debt to EBITDA 14.84 5.73 0.54

Dividend

Metric ATEC ENOV Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.37

Size

Metric ATEC ENOV Medical Devices median
Market cap 1.21b 1.65b 239.53m

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