AptarGroup, Inc. (ATR) vs Bausch + Lomb Corporation (BLCO)

AptarGroup, Inc. and Bausch + Lomb Corporation are both Medical Instruments & Supplies companies. AptarGroup, Inc. is the larger, with a market value of $7.8B against $6.0B — 1.3× the size. Bausch + Lomb Corporation 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 8.85%. AptarGroup, Inc. has the higher net margin (9.22% vs −3.21%) and the higher return on invested capital (7.82% vs 1.81%). Across the 21 metrics below, AptarGroup, Inc. leads on 16 and Bausch + Lomb Corporation on 5.

Valuation

Metric ATR BLCO Medical Instruments & Supplies median
P/E 22.12 n/m 34.17
P/S 2.00 1.13 2.83
P/B 2.98 0.94 2.82
Price to free cash flow 25.06 53.95 25.69
EV/EBITDA 11.54 14.39 16.08
EV/Sales 2.30 2.02 3.06
Earnings yield 4.52% (2.84%) (1.84%)
Free cash flow yield 3.99% 1.85% 0.17%

Profitability

Metric ATR BLCO Medical Instruments & Supplies median
Gross margin 36.07% 61.44% 54.62%
Operating margin 12.14% 6.07% 1.64%
Net margin 9.22% (3.21%) 0.00%
Free cash flow margin 8.00% 2.57% 1.61%
Return on equity 13.52% (2.64%) 0.00%
Return on assets 7.25% (1.24%) 0.00%
Return on invested capital 7.82% 1.81% 0.00%

Growth

Metric ATR BLCO Medical Instruments & Supplies median
Revenue growth (TTM) 8.93% 8.85% 9.20%
EPS growth (last fiscal year) 6.51% (13.33%) —
Revenue growth, 5-year CAGR 5.22% 8.38% 9.48%
Net income growth, 5-year CAGR 12.91% 0.00% 0.00%

Health

Metric ATR BLCO Medical Instruments & Supplies median
Debt to equity 0.52 0.79 0.08
Current ratio 1.61 1.55 2.49
Net debt to EBITDA 1.36 8.49 0.83

Dividend

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

Size

Metric ATR BLCO Medical Instruments & Supplies median
Market cap 7.84b 6.00b 938.39m

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