Bio-Rad Laboratories, Inc. (BIO) vs Bruker Corporation (BRKR)

Bio-Rad Laboratories, Inc. and Bruker Corporation are both Medical Devices companies. Bio-Rad Laboratories, Inc. and Bruker Corporation are of similar size ($10.4B and $9.7B). Bruker Corporation has negative trailing earnings, so its P/E is not meaningful; Bio-Rad Laboratories, Inc. trades at 45.7×. Bruker Corporation grew revenue faster over the last twelve months: 1.65% against 1.37%. Bio-Rad Laboratories, Inc. has the higher net margin (8.59% vs −3.05%) and the higher return on invested capital (0.49% vs −0.47%). Across the 21 metrics below, Bio-Rad Laboratories, Inc. leads on 15 and Bruker Corporation on 6.

Valuation

Metric BIO BRKR Medical Devices median
P/E 45.74 n/m 22.18
P/S 3.94 2.79 2.70
P/B 1.42 4.07 2.46
Price to free cash flow 28.70 82.24 22.53
EV/EBITDA 184.10 57.15 11.78
EV/Sales 3.78 3.26 2.38
Earnings yield 2.19% (1.09%) (8.22%)
Free cash flow yield 3.48% 1.22% (7.80%)

Profitability

Metric BIO BRKR Medical Devices median
Gross margin 51.90% 46.42% 56.01%
Operating margin 2.05% (0.87%) (15.03%)
Net margin 8.59% (3.05%) (20.40%)
Free cash flow margin 13.64% 2.68% (7.24%)
Return on equity 3.11% (5.07%) (15.32%)
Return on assets 2.17% (1.73%) (19.72%)
Return on invested capital 0.49% (0.47%) (10.33%)

Growth

Metric BIO BRKR Medical Devices median
Revenue growth (TTM) 1.37% 1.65% 8.80%
EPS growth (last fiscal year) 142.61% (119.74%) —
Revenue growth, 5-year CAGR 0.29% 11.57% 15.23%
Net income growth, 5-year CAGR (27.58%) 0.00% 0.00%

Health

Metric BIO BRKR Medical Devices median
Debt to equity 0.17 0.76 0.07
Current ratio 3.14 1.85 2.50
Net debt to EBITDA (7.15) 5.44 0.49

Dividend

Metric BIO BRKR Medical Devices median
Dividend yield — 0.21% 0.94%
Payout ratio 0.00 0.09 0.00

Size

Metric BIO BRKR Medical Devices median
Market cap 10.41b 9.74b 172.91m

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