AtriCure, Inc. (ATRC) vs ICU Medical, Inc. (ICUI)

AtriCure, Inc. and ICU Medical, Inc. are both Medical Instruments & Supplies companies. ICU Medical, Inc. is the larger, with a market value of $4.2B against $3.1B — 1.3× the size. ICU Medical, Inc. trades at the lower P/E: 137× against 270×. AtriCure, Inc. grew revenue faster over the last twelve months: 13.9% against −8.97%. AtriCure, Inc. has the higher net margin (1.85% vs 1.39%) and the higher return on invested capital (1.92% vs 1.46%). Across the 22 metrics below, AtriCure, Inc. leads on 12 and ICU Medical, Inc. on 10.

Valuation

Metric ATRC ICUI Medical Instruments & Supplies median
P/E 269.53 137.46 34.17
P/S 4.99 1.91 2.83
P/B 5.50 1.92 2.82
Price to free cash flow 122.92 26.97 25.69
EV/EBITDA 80.33 18.22 16.08
EV/Sales 4.82 2.34 3.06
Earnings yield 0.37% 0.73% (1.84%)
Free cash flow yield 0.81% 3.71% 0.17%

Profitability

Metric ATRC ICUI Medical Instruments & Supplies median
Gross margin 76.30% 39.13% 54.62%
Operating margin 2.26% 3.34% 1.64%
Net margin 1.85% 1.39% 0.00%
Free cash flow margin 9.32% 7.08% 1.61%
Return on equity 2.15% 1.41% 0.00%
Return on assets 1.64% 0.74% 0.00%
Return on invested capital 1.92% 1.46% 0.00%

Growth

Metric ATRC ICUI Medical Instruments & Supplies median
Revenue growth (TTM) 13.94% (8.97%) 9.20%
EPS growth (last fiscal year) 74.74% 100.62% —
Revenue growth, 5-year CAGR 20.95% 11.91% 9.48%
Net income growth, 5-year CAGR 0.00% (61.53%) 0.00%

Health

Metric ATRC ICUI Medical Instruments & Supplies median
Debt to equity 0.14 0.57 0.08
Current ratio 4.22 2.43 2.49
Net debt to EBITDA (9.13) 3.91 0.83

Dividend

Metric ATRC ICUI Medical Instruments & Supplies median
Dividend yield — — 0.99%
Payout ratio 0.00 0.00 0.00

Size

Metric ATRC ICUI Medical Instruments & Supplies median
Market cap 3.09b 4.15b 938.39m

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