AtriCure, Inc. (ATRC) vs Warby Parker Inc. (WRBY)

AtriCure, Inc. and Warby Parker Inc. are both Medical Instruments & Supplies companies. AtriCure, Inc. and Warby Parker Inc. are of similar size ($3.3B and $3.1B). AtriCure, Inc. trades at the lower P/E: 270× against 382×. AtriCure, Inc. grew revenue faster over the last twelve months: 13.9% against 11.0%. AtriCure, Inc. has the higher net margin (1.85% vs 0.85%) and the higher return on invested capital (1.92% vs 0.98%). Across the 21 metrics below, AtriCure, Inc. leads on 16 and Warby Parker Inc. on 5.

Valuation

Metric ATRC WRBY Medical Instruments & Supplies median
P/E 269.53 381.57 34.17
P/S 4.99 3.63 2.83
P/B 5.50 8.45 2.82
Price to free cash flow 122.92 152.23 25.69
EV/EBITDA 80.33 51.14 16.08
EV/Sales 4.82 3.31 3.06
Earnings yield 0.37% 0.26% (1.84%)
Free cash flow yield 0.81% 0.66% 0.17%

Profitability

Metric ATRC WRBY Medical Instruments & Supplies median
Gross margin 76.30% 54.68% 54.62%
Operating margin 2.26% 0.17% 1.64%
Net margin 1.85% 0.85% 0.00%
Free cash flow margin 9.32% 2.39% 1.61%
Return on equity 2.15% 2.06% 0.00%
Return on assets 1.64% 1.05% 0.00%
Return on invested capital 1.92% 0.98% 0.00%

Growth

Metric ATRC WRBY Medical Instruments & Supplies median
Revenue growth (TTM) 13.94% 10.99% 9.20%
EPS growth (last fiscal year) 74.74% 105.88% —
Revenue growth, 5-year CAGR 20.95% 17.23% 9.48%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ATRC WRBY Medical Instruments & Supplies median
Debt to equity 0.14 0.00 0.08
Current ratio 4.22 2.27 2.49
Net debt to EBITDA (9.13) (5.92) 0.83

Dividend

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

Size

Metric ATRC WRBY Medical Instruments & Supplies median
Market cap 3.09b 3.28b 938.39m

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