AtriCure, Inc. (ATRC) vs LeMaitre Vascular, Inc. (LMAT)

AtriCure, Inc. and LeMaitre Vascular, Inc. are both Medical Instruments & Supplies companies. AtriCure, Inc. is the larger, with a market value of $3.1B against $1.9B — 1.6× the size. LeMaitre Vascular, Inc. trades at the lower P/E: 29.7× against 199×. AtriCure, Inc. grew revenue faster over the last twelve months: 13.8% against 11.8%. LeMaitre Vascular, Inc. has the higher net margin (23.5% vs 2.52%) and the higher return on invested capital (22.1% vs 2.61%). Across the 22 metrics below, LeMaitre Vascular, Inc. leads on 14 and AtriCure, Inc. on 8.

Valuation

Metric ATRC LMAT Medical Instruments & Supplies median
P/E 198.82 29.70 30.28
P/S 5.03 7.04 2.49
P/B 5.57 4.39 2.34
Price to free cash flow 129.39 28.30 23.49
EV/EBITDA 83.71 18.92 14.87
EV/Sales 4.85 6.23 2.75
Earnings yield 0.50% 3.37% 0.00%
Free cash flow yield 0.77% 3.53% 0.59%

Profitability

Metric ATRC LMAT Medical Instruments & Supplies median
Gross margin 76.74% 72.04% 53.60%
Operating margin 2.89% 27.73% 1.97%
Net margin 2.52% 23.51% 0.00%
Free cash flow margin 8.98% 24.87% 2.36%
Return on equity 2.95% 15.62% 0.00%
Return on assets 2.20% 10.10% 0.00%
Return on invested capital 2.61% 22.05% 0.13%

Growth

Metric ATRC LMAT Medical Instruments & Supplies median
Revenue growth (TTM) 13.79% 11.83% 8.97%
EPS growth (last fiscal year) 74.74% 30.57% 6.51%
Revenue growth, 5-year CAGR 20.95% 14.05% 8.85%
Net income growth, 5-year CAGR 0.00% 22.16% 0.00%

Health

Metric ATRC LMAT Medical Instruments & Supplies median
Debt to equity 0.11 0.39 0.10
Current ratio 4.33 14.60 2.47
Net debt to EBITDA (9.13) (2.40) 0.97

Dividend

Metric ATRC LMAT Medical Instruments & Supplies median
Dividend yield — 1.15% 1.02%
Payout ratio — 0.35 0.27

Size

Metric ATRC LMAT Medical Instruments & Supplies median
Market cap 3.12b 1.91b 1.71b

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