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 $1.6B — 1.2× the size. Azenta, Inc. has negative trailing earnings, so its P/E is not meaningful; LeMaitre Vascular, Inc. trades at 27.9×. 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%). Across the 21 metrics below, LeMaitre Vascular, Inc. leads on 15 and Azenta, Inc. on 6.

Valuation

Metric AZTA LMAT Medical Instruments & Supplies median
P/E n/m 27.87 33.75
P/S 2.52 7.04 2.52
P/B 1.02 4.40 2.48
Price to free cash flow 156.24 25.03 25.19
EV/EBITDA 45.05 18.52 14.62
EV/Sales 2.06 6.26 2.88
Earnings yield (8.07%) 3.59% (2.67%)
Free cash flow yield 0.64% 3.99% 0.09%

Profitability

Metric AZTA LMAT Medical Instruments & Supplies median
Gross margin 44.05% 72.90% 54.29%
Operating margin (28.56%) 29.46% 1.07%
Net margin (20.02%) 25.02% (1.61%)
Free cash flow margin 1.61% 28.13% 1.08%
Return on equity (7.72%) 16.77% (1.32%)
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% 8.85%
EPS growth (last fiscal year) 57.93% 30.57% 8.65%
Revenue growth, 5-year CAGR 8.85% 14.05% 9.17%
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 0.10
Current ratio 2.50 16.31 2.48
Net debt to EBITDA (10.47) (2.40) 0.89

Dividend

Metric AZTA LMAT Medical Instruments & Supplies median
Dividend yield — 1.18% 1.11%
Payout ratio — 0.33 0.27

Size

Metric AZTA LMAT Medical Instruments & Supplies median
Market cap 1.60b 1.90b 619.84m

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