AxoGen, Inc. (AXGN) vs iRhythm Holdings, Inc. (IRTC)

AxoGen, Inc. and iRhythm Holdings, Inc. are both Medical Devices companies. iRhythm Holdings, Inc. is the larger, with a market value of $3.7B against $2.5B — 1.4× the size. iRhythm Holdings, Inc. grew revenue faster over the last twelve months: 25.6% against 23.6%. iRhythm Holdings, Inc. has the higher net margin (−1.69% vs −13.4%) and the lower return on invested capital (−6.32% vs −4.99%). Across the 19 metrics below, iRhythm Holdings, Inc. leads on 14 and AxoGen, Inc. on 5.

Valuation

Metric AXGN IRTC Medical Devices median
P/E n/m n/m 22.18
P/S 9.21 4.40 2.70
P/B 9.03 19.52 2.46
Price to free cash flow 355.51 93.15 22.53
EV/EBITDA n/m 2,470.56 11.78
EV/Sales 8.84 4.49 2.38
Earnings yield (1.56%) (0.39%) (8.22%)
Free cash flow yield 0.28% 1.07% (7.80%)

Profitability

Metric AXGN IRTC Medical Devices median
Gross margin 74.56% 71.45% 56.01%
Operating margin (5.12%) (3.01%) (15.03%)
Net margin (13.36%) (1.69%) (20.40%)
Free cash flow margin 2.59% 4.72% (7.24%)
Return on equity (18.21%) (9.63%) (15.32%)
Return on assets (13.15%) (1.36%) (19.72%)
Return on invested capital (4.99%) (6.32%) (10.33%)

Growth

Metric AXGN IRTC Medical Devices median
Revenue growth (TTM) 23.57% 25.58% 8.80%
EPS growth (last fiscal year) (47.83%) 61.71% —
Revenue growth, 5-year CAGR 14.93% 23.02% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AXGN IRTC Medical Devices median
Debt to equity 0.07 3.50 0.07
Current ratio 6.60 3.86 2.50
Net debt to EBITDA 14.26 (2.12) 0.49

Dividend

Metric AXGN IRTC Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric AXGN IRTC Medical Devices median
Market cap 2.54b 3.65b 172.91m

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