Azenta, Inc. (AZTA) vs LeMaitre Vascular, Inc. (LMAT)

Azenta, Inc. and LeMaitre Vascular, Inc. are both Medical Instruments & Supplies companies. LeMaitre Vascular, Inc. is the larger, with a market value of $1.9B against $1.5B — 1.2× the size. Azenta, Inc. has negative trailing earnings, so its P/E is not meaningful; LeMaitre Vascular, Inc. trades at 28.1×. LeMaitre Vascular, Inc. grew revenue faster over the last twelve months: 11.9% against 4.80%. LeMaitre Vascular, Inc. has the higher net margin (25.0% vs −20.0%) and the higher return on invested capital (22.7% vs −9.27%). Both pay a dividend; LeMaitre Vascular, Inc. yields more (0.92% vs 0.55%). Across the 22 metrics below, LeMaitre Vascular, Inc. leads on 16 and Azenta, Inc. on 6.

Valuation

Metric AZTA LMAT Medical Instruments & Supplies median
P/E n/m 28.11 34.17
P/S 2.51 7.10 2.83
P/B 1.02 4.43 2.82
Price to free cash flow 155.92 25.25 25.69
EV/EBITDA 45.72 18.70 16.08
EV/Sales 2.09 6.32 3.06
Earnings yield (8.08%) 3.56% (1.84%)
Free cash flow yield 0.64% 3.96% 0.17%

Profitability

Metric AZTA LMAT Medical Instruments & Supplies median
Gross margin 44.05% 72.90% 54.62%
Operating margin (28.56%) 29.46% 1.64%
Net margin (20.02%) 25.02% 0.00%
Free cash flow margin 1.61% 28.13% 1.61%
Return on equity (7.72%) 16.77% 0.00%
Return on assets (6.31%) 10.78% 0.00%
Return on invested capital (9.27%) 22.67% 0.00%

Growth

Metric AZTA LMAT Medical Instruments & Supplies median
Revenue growth (TTM) 4.80% 11.85% 9.20%
EPS growth (last fiscal year) 57.93% 30.57% —
Revenue growth, 5-year CAGR 8.85% 14.05% 9.48%
Net income growth, 5-year CAGR 0.00% 22.16% 0.00%

Health

Metric AZTA LMAT Medical Instruments & Supplies median
Debt to equity 0.00 0.40 0.08
Current ratio 2.50 16.31 2.49
Net debt to EBITDA (10.47) (2.40) 0.83

Dividend

Metric AZTA LMAT Medical Instruments & Supplies median
Dividend yield 0.55% 0.92% 0.99%
Payout ratio 0.00 0.47 0.00

Size

Metric AZTA LMAT Medical Instruments & Supplies median
Market cap 1.50b 1.85b 938.39m

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