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

Bio-Rad Laboratories, Inc. and Bruker Corporation are both Medical Devices companies. Bio-Rad Laboratories, Inc. is the larger, with a market value of $10.3B against $8.9B — 1.2× the size. Bruker Corporation has negative trailing earnings, so its P/E is not meaningful; Bio-Rad Laboratories, Inc. trades at 9.9×. Bruker Corporation grew revenue faster over the last twelve months: 2.16% against 1.38%. Bio-Rad Laboratories, Inc. has the higher net margin (39.5% vs −4.76%) and the higher return on invested capital (−0.44% vs −1.12%). Across the 20 metrics below, Bio-Rad Laboratories, Inc. leads on 14 and Bruker Corporation on 6.

Valuation

Metric BIO.B BRKR Medical Devices median
P/E 9.95 n/m 25.58
P/S 3.92 2.53 2.54
P/B 1.34 3.70 2.48
Price to free cash flow 30.74 32.93 28.81
EV/EBITDA n/m 65.97 11.51
EV/Sales 3.76 2.98 2.72
Earnings yield 10.06% (1.73%) (12.82%)
Free cash flow yield 3.25% 3.04% (8.18%)

Profitability

Metric BIO.B BRKR Medical Devices median
Gross margin 51.26% 47.66% 57.76%
Operating margin (2.39%) (1.99%) (15.07%)
Net margin 39.45% (4.76%) (14.45%)
Free cash flow margin 18.05% 6.97% (3.88%)
Return on equity 14.27% (7.04%) (10.35%)
Return on assets 9.99% (2.73%) (17.26%)
Return on invested capital (0.44%) (1.12%) (5.27%)

Growth

Metric BIO.B BRKR Medical Devices median
Revenue growth (TTM) 1.38% 2.16% 10.41%
EPS growth (last fiscal year) 142.61% (119.74%) 28.17%
Revenue growth, 5-year CAGR 0.29% 11.57% 15.74%
Net income growth, 5-year CAGR (27.58%) 0.00% 0.00%

Health

Metric BIO.B BRKR Medical Devices median
Debt to equity 0.16 0.74 0.04
Current ratio 3.18 1.84 2.74
Net debt to EBITDA (7.15) 5.44 0.54

Dividend

Metric BIO.B BRKR Medical Devices median
Dividend yield — 0.34% 1.02%
Payout ratio — — 0.37

Size

Metric BIO.B BRKR Medical Devices median
Market cap 10.33b 8.85b 239.53m

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