AptarGroup, Inc. (ATR) vs Avantor, Inc. (AVTR)

AptarGroup, Inc. and Avantor, Inc. are both Medical Instruments & Supplies companies. Avantor, Inc. is the larger, with a market value of $10.4B against $7.8B — 1.3× the size. Avantor, Inc. has negative trailing earnings, so its P/E is not meaningful; AptarGroup, Inc. trades at 22.1×. AptarGroup, Inc. grew revenue faster over the last twelve months: 8.93% against −1.57%. AptarGroup, Inc. has the higher net margin (9.22% vs −8.81%) and the higher return on invested capital (7.82% vs −2.09%). Across the 21 metrics below, AptarGroup, Inc. leads on 15 and Avantor, Inc. on 6.

Valuation

Metric ATR AVTR Medical Instruments & Supplies median
P/E 22.12 n/m 34.17
P/S 2.00 1.57 2.83
P/B 2.98 1.83 2.82
Price to free cash flow 25.06 22.68 25.69
EV/EBITDA 11.54 109.80 16.08
EV/Sales 2.30 2.09 3.06
Earnings yield 4.52% (5.51%) (1.84%)
Free cash flow yield 3.99% 4.41% 0.17%

Profitability

Metric ATR AVTR Medical Instruments & Supplies median
Gross margin 36.07% 31.83% 54.62%
Operating margin 12.14% (4.59%) 1.64%
Net margin 9.22% (8.81%) 0.00%
Free cash flow margin 8.00% 6.93% 1.61%
Return on equity 13.52% (9.70%) 0.00%
Return on assets 7.25% (4.74%) 0.00%
Return on invested capital 7.82% (2.09%) 0.00%

Growth

Metric ATR AVTR Medical Instruments & Supplies median
Revenue growth (TTM) 8.93% (1.57%) 9.20%
EPS growth (last fiscal year) 6.51% (175.00%) —
Revenue growth, 5-year CAGR 5.22% 0.49% 9.48%
Net income growth, 5-year CAGR 12.91% 0.00% 0.00%

Health

Metric ATR AVTR Medical Instruments & Supplies median
Debt to equity 0.52 0.66 0.08
Current ratio 1.61 1.78 2.49
Net debt to EBITDA 1.36 20.76 0.83

Dividend

Metric ATR AVTR Medical Instruments & Supplies median
Dividend yield 1.37% — 0.99%
Payout ratio 0.40 0.00 0.00

Size

Metric ATR AVTR Medical Instruments & Supplies median
Market cap 7.84b 10.40b 938.39m

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