Avantor, Inc. (AVTR) vs Bausch + Lomb Corporation (BLCO)

Avantor, Inc. and Bausch + Lomb Corporation are both Medical Instruments & Supplies companies. Avantor, Inc. is the larger, with a market value of $10.9B against $6.0B — 1.8× the size. Bausch + Lomb Corporation grew revenue faster over the last twelve months: 8.85% against −1.57%. Bausch + Lomb Corporation has the higher net margin (−3.21% vs −8.81%) and the higher return on invested capital (1.81% vs −2.09%). Across the 20 metrics below, Bausch + Lomb Corporation leads on 15 and Avantor, Inc. on 5.

Valuation

Metric AVTR BLCO Medical Instruments & Supplies median
P/E n/m n/m 33.75
P/S 1.69 1.10 2.52
P/B 1.97 0.91 2.48
Price to free cash flow 24.42 52.29 25.19
EV/EBITDA 116.14 14.14 14.62
EV/Sales 2.21 1.99 2.88
Earnings yield (5.12%) (2.93%) (2.67%)
Free cash flow yield 4.10% 1.91% 0.09%

Profitability

Metric AVTR BLCO Medical Instruments & Supplies median
Gross margin 31.83% 61.44% 54.29%
Operating margin (4.59%) 6.07% 1.07%
Net margin (8.81%) (3.21%) (1.61%)
Free cash flow margin 6.93% 2.57% 1.08%
Return on equity (9.70%) (2.64%) (1.32%)
Return on assets (4.74%) (1.24%) 0.00%
Return on invested capital (2.09%) 1.81% 0.00%

Growth

Metric AVTR BLCO Medical Instruments & Supplies median
Revenue growth (TTM) (1.57%) 8.85% 8.85%
EPS growth (last fiscal year) (175.00%) (13.33%) 8.65%
Revenue growth, 5-year CAGR 0.49% 8.38% 9.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AVTR BLCO Medical Instruments & Supplies median
Debt to equity 0.66 0.79 0.10
Current ratio 1.78 1.55 2.48
Net debt to EBITDA 20.76 8.49 0.89

Dividend

Metric AVTR BLCO Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric AVTR BLCO Medical Instruments & Supplies median
Market cap 10.88b 5.95b 619.84m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack