Alphatec Holdings, Inc. (ATEC) vs TransMedics Group, Inc. (TMDX)

Alphatec Holdings, Inc. and TransMedics Group, Inc. are both Medical Devices companies. TransMedics Group, Inc. is the larger, with a market value of $2.7B against $1.7B — 1.6× the size. Alphatec Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; TransMedics Group, Inc. trades at 16.0×. TransMedics Group, Inc. grew revenue faster over the last twelve months: 25.8% against 19.5%. TransMedics Group, Inc. has the higher net margin (22.7% vs −13.5%) and the higher return on invested capital (5.62% vs −8.10%). Across the 18 metrics below, TransMedics Group, Inc. leads on 14 and Alphatec Holdings, Inc. on 4.

Valuation

Metric ATEC TMDX Medical Devices median
P/E n/m 16.01 23.22
P/S 2.01 3.66 2.34
P/B n/m 4.72 2.33
Price to free cash flow n/m 30.97 23.72
EV/EBITDA 33.87 24.03 11.54
EV/Sales 2.57 4.24 2.24
Earnings yield (6.79%) 6.24% (10.09%)
Free cash flow yield (0.35%) 3.23% (8.47%)

Profitability

Metric ATEC TMDX Medical Devices median
Gross margin 68.99% 58.69% 56.01%
Operating margin (6.04%) 12.21% (15.03%)
Net margin (13.50%) 22.69% (20.40%)
Free cash flow margin (0.70%) 11.82% (7.24%)
Return on equity (1,879.90%) 36.28% (15.32%)
Return on assets (13.91%) 12.88% (19.72%)
Return on invested capital (8.10%) 5.62% (10.33%)

Growth

Metric ATEC TMDX Medical Devices median
Revenue growth (TTM) 19.47% 25.82% 8.80%
EPS growth (last fiscal year) 15.04% 382.18% 29.03%
Revenue growth, 5-year CAGR 39.46% 88.21% 15.47%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ATEC TMDX Medical Devices median
Debt to equity (42.32) 1.66 0.07
Current ratio 1.89 6.63 2.50
Net debt to EBITDA 14.84 0.18 0.49

Dividend

Metric ATEC TMDX Medical Devices median
Dividend yield — — 1.16%
Payout ratio — — 0.36

Size

Metric ATEC TMDX Medical Devices median
Market cap 1.69b 2.65b 167.06m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack