Alphatec Holdings, Inc. (ATEC) vs Integra LifeSciences Holdings Corporation (IART)

Alphatec Holdings, Inc. and Integra LifeSciences Holdings Corporation are both Medical Devices companies. Alphatec Holdings, Inc. is the larger, with a market value of $1.2B against $1.1B — 1.1× the size. Alphatec Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Integra LifeSciences Holdings Corporation trades at 83.0×. Alphatec Holdings, Inc. grew revenue faster over the last twelve months: 15.3% against 0.84%. Integra LifeSciences Holdings Corporation has the higher net margin (0.79% vs −10.4%) and the higher return on invested capital (1.79% vs −4.04%). Across the 18 metrics below, Integra LifeSciences Holdings Corporation leads on 13 and Alphatec Holdings, Inc. on 5.

Valuation

Metric ATEC IART Medical Devices median
P/E n/m 83.00 25.58
P/S 1.46 0.66 2.54
P/B n/m 1.02 2.48
Price to free cash flow n/m 12.73 28.81
EV/EBITDA 20.61 11.46 11.51
EV/Sales 2.02 1.60 2.72
Earnings yield (7.06%) 1.20% (12.82%)
Free cash flow yield (0.85%) 7.86% (8.18%)

Profitability

Metric ATEC IART Medical Devices median
Gross margin 69.46% 52.36% 57.76%
Operating margin (3.58%) 4.39% (15.07%)
Net margin (10.35%) 0.79% (14.45%)
Free cash flow margin (1.24%) 5.18% (3.88%)
Return on equity (1,888.01%) 1.24% (10.35%)
Return on assets (10.97%) 0.36% (17.26%)
Return on invested capital (4.04%) 1.79% (5.27%)

Growth

Metric ATEC IART Medical Devices median
Revenue growth (TTM) 15.34% 0.84% 10.41%
EPS growth (last fiscal year) 15.04% (7,388.89%) 28.17%
Revenue growth, 5-year CAGR 39.46% 3.57% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ATEC IART Medical Devices median
Debt to equity (237.62) 1.67 0.04
Current ratio 2.36 3.62 2.74
Net debt to EBITDA 14.84 (4.62) 0.54

Dividend

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

Size

Metric ATEC IART Medical Devices median
Market cap 1.21b 1.10b 239.53m

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