Butterfly Network, Inc. (BFLY) vs NovoCure Limited (NVCR)

Butterfly Network, Inc. and NovoCure Limited are both Medical Devices companies. Butterfly Network, Inc. is the larger, with a market value of $2.6B against $1.9B — 1.4× the size. Butterfly Network, Inc. grew revenue faster over the last twelve months: 28.1% against 11.0%. NovoCure Limited has the higher net margin (−21.3% vs −66.7%) and the lower return on invested capital (−115.6% vs −76.6%). Across the 18 metrics below, NovoCure Limited leads on 10 and Butterfly Network, Inc. on 8.

Valuation

Metric BFLY NVCR Medical Devices median
P/E n/m n/m 22.18
P/S 21.95 2.63 2.70
P/B 12.99 5.44 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 21.04 2.26 2.38
Earnings yield (3.09%) (8.21%) (8.22%)
Free cash flow yield (1.14%) (1.38%) (7.80%)

Profitability

Metric BFLY NVCR Medical Devices median
Gross margin 52.64% 76.13% 56.01%
Operating margin (70.79%) (22.08%) (15.03%)
Net margin (66.74%) (21.25%) (20.40%)
Free cash flow margin (25.01%) (3.64%) (7.24%)
Return on equity (35.46%) (43.22%) (15.32%)
Return on assets (25.11%) (14.56%) (19.72%)
Return on invested capital (76.64%) (115.56%) (10.33%)

Growth

Metric BFLY NVCR Medical Devices median
Revenue growth (TTM) 28.13% 10.95% 8.80%
EPS growth (last fiscal year) 8.82% 21.79% —
Revenue growth, 5-year CAGR 9.30% 5.80% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BFLY NVCR Medical Devices median
Debt to equity 0.00 0.58 0.07
Current ratio 4.06 2.89 2.50
Net debt to EBITDA 1.92 1.36 0.49

Dividend

Metric BFLY NVCR Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric BFLY NVCR Medical Devices median
Market cap 2.58b 1.89b 172.91m

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