Alphatec Holdings, Inc. (ATEC) vs Tandem Diabetes Care, Inc. (TNDM)

Alphatec Holdings, Inc. and Tandem Diabetes Care, Inc. are both Medical Devices companies. Alphatec Holdings, Inc. and Tandem Diabetes Care, Inc. are of similar size ($1.3B and $1.2B). Alphatec Holdings, Inc. grew revenue faster over the last twelve months: 15.3% against 6.84%. Tandem Diabetes Care, Inc. has the higher net margin (−4.58% vs −10.4%) and the lower return on invested capital (−5.35% vs −4.04%). Across the 17 metrics below, Tandem Diabetes Care, Inc. leads on 9 and Alphatec Holdings, Inc. on 8.

Valuation

Metric ATEC TNDM Medical Devices median
P/E n/m n/m 25.58
P/S 1.46 1.16 2.54
P/B n/m 9.20 2.48
Price to free cash flow n/m n/m 28.81
EV/EBITDA 20.61 n/m 11.51
EV/Sales 2.02 1.30 2.72
Earnings yield (7.06%) (4.03%) (12.82%)
Free cash flow yield (0.85%) (8.49%) (8.18%)

Profitability

Metric ATEC TNDM Medical Devices median
Gross margin 69.46% 56.65% 57.76%
Operating margin (3.58%) (2.35%) (15.07%)
Net margin (10.35%) (4.58%) (14.45%)
Free cash flow margin (1.24%) (3.37%) (3.88%)
Return on equity (1,888.01%) (36.74%) (10.35%)
Return on assets (10.97%) (4.84%) (17.26%)
Return on invested capital (4.04%) (5.35%) (5.27%)

Growth

Metric ATEC TNDM Medical Devices median
Revenue growth (TTM) 15.34% 6.84% 10.41%
EPS growth (last fiscal year) 15.04% (106.80%) 28.17%
Revenue growth, 5-year CAGR 39.46% 15.26% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ATEC TNDM Medical Devices median
Debt to equity (237.62) 4.47 0.04
Current ratio 2.36 3.21 2.74
Net debt to EBITDA 14.84 (0.10) 0.54

Dividend

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

Size

Metric ATEC TNDM Medical Devices median
Market cap 1.21b 1.25b 239.53m

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