Baxter International Inc. (BAX) vs The Cooper Companies, Inc. (COO)

Baxter International Inc. and The Cooper Companies, Inc. are both Medical Instruments & Supplies companies. Baxter International Inc. and The Cooper Companies, Inc. are of similar size ($13.3B and $12.1B). Baxter International Inc. has negative trailing earnings, so its P/E is not meaningful; The Cooper Companies, Inc. trades at 21.7×. Baxter International Inc. grew revenue faster over the last twelve months: 5.33% against 4.73%. The Cooper Companies, Inc. has the higher net margin (13.5% vs −6.23%) and the higher return on invested capital (3.17% vs −1.05%). Across the 21 metrics below, The Cooper Companies, Inc. leads on 14 and Baxter International Inc. on 7.

Valuation

Metric BAX COO Medical Instruments & Supplies median
P/E n/m 21.65 30.28
P/S 1.14 2.89 2.49
P/B 2.04 1.47 2.34
Price to free cash flow 11.63 18.06 23.49
EV/EBITDA 13.15 15.77 14.87
EV/Sales 1.71 3.45 2.75
Earnings yield (5.52%) 4.62% 0.00%
Free cash flow yield 8.60% 5.54% 0.59%

Profitability

Metric BAX COO Medical Instruments & Supplies median
Gross margin 30.09% 65.93% 53.60%
Operating margin (1.90%) 12.84% 1.97%
Net margin (6.23%) 13.46% 0.00%
Free cash flow margin 9.79% 16.00% 2.36%
Return on equity (10.56%) 6.84% 0.00%
Return on assets (3.57%) 4.55% 0.00%
Return on invested capital (1.05%) 3.17% 0.13%

Growth

Metric BAX COO Medical Instruments & Supplies median
Revenue growth (TTM) 5.33% 4.73% 8.97%
EPS growth (last fiscal year) (47.24%) (4.59%) 6.51%
Revenue growth, 5-year CAGR (0.75%) 10.98% 8.85%
Net income growth, 5-year CAGR 0.00% 9.48% 0.00%

Health

Metric BAX COO Medical Instruments & Supplies median
Debt to equity 1.33 0.31 0.10
Current ratio 1.79 1.22 2.47
Net debt to EBITDA 5.19 2.26 0.97

Dividend

Metric BAX COO Medical Instruments & Supplies median
Dividend yield 0.16% — 1.02%
Payout ratio — — 0.27

Size

Metric BAX COO Medical Instruments & Supplies median
Market cap 13.27b 12.08b 1.71b

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