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: 69.3× against 199×. AtriCure, Inc. grew revenue faster over the last twelve months: 13.8% against −5.92%. ICU Medical, Inc. has the higher net margin (2.76% vs 2.52%) and the lower return on invested capital (2.27% vs 2.61%). Across the 22 metrics below, ICU Medical, Inc. leads on 12 and AtriCure, Inc. on 10.

Valuation

Metric ATRC ICUI Medical Instruments & Supplies median
P/E 198.82 69.28 30.28
P/S 5.03 1.91 2.49
P/B 5.57 1.91 2.34
Price to free cash flow 129.39 21.22 23.49
EV/EBITDA 83.71 16.00 14.87
EV/Sales 4.85 2.30 2.75
Earnings yield 0.50% 1.44% 0.00%
Free cash flow yield 0.77% 4.71% 0.59%

Profitability

Metric ATRC ICUI Medical Instruments & Supplies median
Gross margin 76.74% 40.27% 53.60%
Operating margin 2.89% 5.07% 1.97%
Net margin 2.52% 2.76% 0.00%
Free cash flow margin 8.98% 12.47% 2.36%
Return on equity 2.95% 2.79% 0.00%
Return on assets 2.20% 1.50% 0.00%
Return on invested capital 2.61% 2.27% 0.13%

Growth

Metric ATRC ICUI Medical Instruments & Supplies median
Revenue growth (TTM) 13.79% (5.92%) 8.97%
EPS growth (last fiscal year) 74.74% 100.62% 6.51%
Revenue growth, 5-year CAGR 20.95% 11.91% 8.85%
Net income growth, 5-year CAGR 0.00% (61.53%) 0.00%

Health

Metric ATRC ICUI Medical Instruments & Supplies median
Debt to equity 0.11 0.53 0.10
Current ratio 4.33 2.37 2.47
Net debt to EBITDA (9.13) 3.91 0.97

Dividend

Metric ATRC ICUI Medical Instruments & Supplies median
Dividend yield — — 1.02%
Payout ratio — — 0.27

Size

Metric ATRC ICUI Medical Instruments & Supplies median
Market cap 3.12b 4.19b 1.71b

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