Bio-Rad Laboratories, Inc. (BIO) vs Globus Medical, Inc. (GMED)

Bio-Rad Laboratories, Inc. and Globus Medical, Inc. are both Medical Devices companies. Bio-Rad Laboratories, Inc. and Globus Medical, Inc. are of similar size ($10.4B and $10.0B). Globus Medical, Inc. trades at the lower P/E: 18.8× against 45.7×. Globus Medical, Inc. grew revenue faster over the last twelve months: 19.7% against 1.37%. Globus Medical, Inc. has the higher net margin (17.0% vs 8.59%) and the higher return on invested capital (9.58% vs 0.49%). Across the 22 metrics below, Globus Medical, Inc. leads on 20 and Bio-Rad Laboratories, Inc. on 2.

Valuation

Metric BIO GMED Medical Devices median
P/E 45.74 18.77 22.18
P/S 3.94 3.20 2.70
P/B 1.42 2.11 2.46
Price to free cash flow 28.70 13.68 22.53
EV/EBITDA 184.10 11.07 11.78
EV/Sales 3.78 3.28 2.38
Earnings yield 2.19% 5.33% (8.22%)
Free cash flow yield 3.48% 7.31% (7.80%)

Profitability

Metric BIO GMED Medical Devices median
Gross margin 51.90% 68.55% 56.01%
Operating margin 2.05% 20.34% (15.03%)
Net margin 8.59% 17.03% (20.40%)
Free cash flow margin 13.64% 24.03% (7.24%)
Return on equity 3.11% 11.81% (15.32%)
Return on assets 2.17% 10.25% (19.72%)
Return on invested capital 0.49% 9.58% (10.33%)

Growth

Metric BIO GMED Medical Devices median
Revenue growth (TTM) 1.37% 19.74% 8.80%
EPS growth (last fiscal year) 142.61% 422.67% —
Revenue growth, 5-year CAGR 0.29% 30.08% 15.23%
Net income growth, 5-year CAGR (27.58%) 39.37% 0.00%

Health

Metric BIO GMED Medical Devices median
Debt to equity 0.17 0.00 0.07
Current ratio 3.14 4.62 2.50
Net debt to EBITDA (7.15) (0.71) 0.49

Dividend

Metric BIO GMED Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric BIO GMED Medical Devices median
Market cap 10.41b 9.97b 172.91m

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