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 $3.8B against $2.9B — 1.3× the size. Envista Holdings Corporation trades at the lower P/E: 38.8× against 259×. AtriCure, Inc. grew revenue faster over the last twelve months: 13.9% against 11.9%. Envista Holdings Corporation has the higher net margin (3.33% vs 1.85%) and the higher return on invested capital (5.05% vs 1.92%). 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 258.96 38.81 33.75
P/S 4.79 1.30 2.52
P/B 5.29 1.21 2.48
Price to free cash flow 118.10 14.89 25.19
EV/EBITDA 77.60 9.64 14.62
EV/Sales 4.66 1.45 2.88
Earnings yield 0.39% 2.58% (2.67%)
Free cash flow yield 0.85% 6.72% 0.09%

Profitability

Metric ATRC NVST Medical Instruments & Supplies median
Gross margin 76.30% 55.24% 54.29%
Operating margin 2.26% 9.58% 1.07%
Net margin 1.85% 3.33% (1.61%)
Free cash flow margin 9.32% 8.72% 1.08%
Return on equity 2.15% 3.06% (1.32%)
Return on assets 1.64% 1.69% 0.00%
Return on invested capital 1.92% 5.05% 0.00%

Growth

Metric ATRC NVST Medical Instruments & Supplies median
Revenue growth (TTM) 13.94% 11.89% 8.85%
EPS growth (last fiscal year) 74.74% 104.31% 8.65%
Revenue growth, 5-year CAGR 20.95% 7.11% 9.17%
Net income growth, 5-year CAGR 0.00% 7.13% 0.00%

Health

Metric ATRC NVST Medical Instruments & Supplies median
Debt to equity 0.14 0.47 0.10
Current ratio 4.22 2.43 2.48
Net debt to EBITDA (9.13) 0.64 0.89

Dividend

Metric ATRC NVST Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric ATRC NVST Medical Instruments & Supplies median
Market cap 2.94b 3.77b 619.84m

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