AtriCure, Inc. (ATRC) vs Envista Holdings Corporation (NVST)

AtriCure, Inc. and Envista Holdings Corporation are both Medical Instruments & Supplies companies. Envista Holdings Corporation is the larger, with a market value of $4.0B against $3.1B — 1.3× the size. Envista Holdings Corporation trades at the lower P/E: 6.4× against 199×. AtriCure, Inc. grew revenue faster over the last twelve months: 13.8% against 9.78%. Envista Holdings Corporation has the higher net margin (22.0% vs 2.52%) and the higher return on invested capital (13.6% vs 2.61%). Across the 22 metrics below, Envista Holdings Corporation leads on 15 and AtriCure, Inc. on 7.

Valuation

Metric ATRC NVST Medical Instruments & Supplies median
P/E 198.82 6.36 30.28
P/S 5.03 1.40 2.49
P/B 5.57 1.30 2.34
Price to free cash flow 129.39 16.42 23.49
EV/EBITDA 83.71 10.27 14.87
EV/Sales 4.85 1.53 2.75
Earnings yield 0.50% 15.73% 0.00%
Free cash flow yield 0.77% 6.09% 0.59%

Profitability

Metric ATRC NVST Medical Instruments & Supplies median
Gross margin 76.74% 55.88% 53.60%
Operating margin 2.89% 25.41% 1.97%
Net margin 2.52% 22.01% 0.00%
Free cash flow margin 8.98% 8.50% 2.36%
Return on equity 2.95% 20.52% 0.00%
Return on assets 2.20% 11.26% 0.00%
Return on invested capital 2.61% 13.61% 0.13%

Growth

Metric ATRC NVST Medical Instruments & Supplies median
Revenue growth (TTM) 13.79% 9.78% 8.97%
EPS growth (last fiscal year) 74.74% 104.31% 6.51%
Revenue growth, 5-year CAGR 20.95% 7.11% 8.85%
Net income growth, 5-year CAGR 0.00% 7.13% 0.00%

Health

Metric ATRC NVST Medical Instruments & Supplies median
Debt to equity 0.11 0.46 0.10
Current ratio 4.33 2.45 2.47
Net debt to EBITDA (9.13) 0.64 0.97

Dividend

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

Size

Metric ATRC NVST Medical Instruments & Supplies median
Market cap 3.12b 4.01b 1.71b

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