AtriCure, Inc. (ATRC) vs Kestra Medical Technologies, Ltd. (KMTS)

AtriCure, Inc. and Kestra Medical Technologies, Ltd. are both Medical Instruments & Supplies companies. AtriCure, Inc. is the larger, with a market value of $3.1B against $1.5B — 2.0× the size. Kestra Medical Technologies, Ltd. has negative trailing earnings, so its P/E is not meaningful; AtriCure, Inc. trades at 270×. Kestra Medical Technologies, Ltd. grew revenue faster over the last twelve months: 60.7% against 13.9%. AtriCure, Inc. has the higher net margin (1.85% vs −140.4%) and the higher return on invested capital (1.92% vs −93.5%). Across the 17 metrics below, AtriCure, Inc. leads on 15 and Kestra Medical Technologies, Ltd. on 2.

Valuation

Metric ATRC KMTS Medical Instruments & Supplies median
P/E 269.53 n/m 34.17
P/S 4.99 14.89 2.83
P/B 5.50 7.15 2.82
Price to free cash flow 122.92 n/m 25.69
EV/EBITDA 80.33 n/m 16.08
EV/Sales 4.82 13.71 3.06
Earnings yield 0.37% (9.85%) (1.84%)
Free cash flow yield 0.81% (7.74%) 0.17%

Profitability

Metric ATRC KMTS Medical Instruments & Supplies median
Gross margin 76.30% 53.89% 54.62%
Operating margin 2.26% (134.48%) 1.64%
Net margin 1.85% (140.43%) 0.00%
Free cash flow margin 9.32% (115.31%) 1.61%
Return on equity 2.15% (73.74%) 0.00%
Return on assets 1.64% (48.85%) 0.00%
Return on invested capital 1.92% (93.49%) 0.00%

Growth

Metric ATRC KMTS Medical Instruments & Supplies median
Revenue growth (TTM) 13.94% 60.72% 9.20%
EPS growth (last fiscal year) 74.74% 52.63% —
Revenue growth, 5-year CAGR 20.95% — 9.48%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ATRC KMTS Medical Instruments & Supplies median
Debt to equity 0.14 0.33 0.08
Current ratio 4.22 4.69 2.49
Net debt to EBITDA (9.13) 1.24 0.83

Dividend

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

Size

Metric ATRC KMTS Medical Instruments & Supplies median
Market cap 3.09b 1.53b 938.39m

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