Alphatec Holdings, Inc. (ATEC) vs iRadimed Corporation (IRMD)

Alphatec Holdings, Inc. and iRadimed 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; iRadimed Corporation trades at 44.9×. Alphatec Holdings, Inc. grew revenue faster over the last twelve months: 15.3% against 11.0%. iRadimed Corporation has the higher net margin (26.9% vs −10.4%) and the higher return on invested capital (41.8% vs −4.04%). Across the 19 metrics below, iRadimed Corporation leads on 13 and Alphatec Holdings, Inc. on 6.

Valuation

Metric ATEC IRMD Medical Devices median
P/E n/m 44.90 25.58
P/S 1.46 12.15 2.54
P/B n/m 10.19 2.48
Price to free cash flow n/m 44.05 28.81
EV/EBITDA 20.61 33.49 11.51
EV/Sales 2.02 11.44 2.72
Earnings yield (7.06%) 2.23% (12.82%)
Free cash flow yield (0.85%) 2.27% (8.18%)

Profitability

Metric ATEC IRMD Medical Devices median
Gross margin 69.46% 75.51% 57.76%
Operating margin (3.58%) 32.30% (15.07%)
Net margin (10.35%) 26.85% (14.45%)
Free cash flow margin (1.24%) 28.66% (3.88%)
Return on equity (1,888.01%) 23.42% (10.35%)
Return on assets (10.97%) 20.34% (17.26%)
Return on invested capital (4.04%) 41.79% (5.27%)

Growth

Metric ATEC IRMD Medical Devices median
Revenue growth (TTM) 15.34% 10.97% 10.41%
EPS growth (last fiscal year) 15.04% 16.67% 28.17%
Revenue growth, 5-year CAGR 39.46% 21.45% 15.74%
Net income growth, 5-year CAGR 0.00% 75.02% 0.00%

Health

Metric ATEC IRMD Medical Devices median
Debt to equity (237.62) 0.00 0.04
Current ratio 2.36 8.99 2.74
Net debt to EBITDA 14.84 (1.87) 0.54

Dividend

Metric ATEC IRMD Medical Devices median
Dividend yield — 0.91% 1.02%
Payout ratio — 0.41 0.37

Size

Metric ATEC IRMD Medical Devices median
Market cap 1.21b 1.09b 239.53m

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