Bausch + Lomb Corporation (BLCO) vs ICU Medical, Inc. (ICUI)

Bausch + Lomb Corporation and ICU Medical, Inc. are both Medical Instruments & Supplies companies. Bausch + Lomb Corporation is the larger, with a market value of $6.0B against $4.2B — 1.4× the size. Bausch + Lomb Corporation has negative trailing earnings, so its P/E is not meaningful; ICU Medical, Inc. trades at 137×. Bausch + Lomb Corporation grew revenue faster over the last twelve months: 8.85% against −8.97%. ICU Medical, Inc. has the higher net margin (1.39% vs −3.21%) and the lower return on invested capital (1.46% vs 1.81%). Across the 21 metrics below, ICU Medical, Inc. leads on 12 and Bausch + Lomb Corporation on 9.

Valuation

Metric BLCO ICUI Medical Instruments & Supplies median
P/E n/m 137.46 34.17
P/S 1.13 1.91 2.83
P/B 0.94 1.92 2.82
Price to free cash flow 53.95 26.97 25.69
EV/EBITDA 14.39 18.22 16.08
EV/Sales 2.02 2.34 3.06
Earnings yield (2.84%) 0.73% (1.84%)
Free cash flow yield 1.85% 3.71% 0.17%

Profitability

Metric BLCO ICUI Medical Instruments & Supplies median
Gross margin 61.44% 39.13% 54.62%
Operating margin 6.07% 3.34% 1.64%
Net margin (3.21%) 1.39% 0.00%
Free cash flow margin 2.57% 7.08% 1.61%
Return on equity (2.64%) 1.41% 0.00%
Return on assets (1.24%) 0.74% 0.00%
Return on invested capital 1.81% 1.46% 0.00%

Growth

Metric BLCO ICUI Medical Instruments & Supplies median
Revenue growth (TTM) 8.85% (8.97%) 9.20%
EPS growth (last fiscal year) (13.33%) 100.62% —
Revenue growth, 5-year CAGR 8.38% 11.91% 9.48%
Net income growth, 5-year CAGR 0.00% (61.53%) 0.00%

Health

Metric BLCO ICUI Medical Instruments & Supplies median
Debt to equity 0.79 0.57 0.08
Current ratio 1.55 2.43 2.49
Net debt to EBITDA 8.49 3.91 0.83

Dividend

Metric BLCO ICUI Medical Instruments & Supplies median
Dividend yield — — 0.99%
Payout ratio — 0.00 0.00

Size

Metric BLCO ICUI Medical Instruments & Supplies median
Market cap 6.00b 4.15b 938.39m

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