BrightSpring Health Services, Inc. (BTSG) vs Heartflow, Inc. (HTFL)

BrightSpring Health Services, Inc. and Heartflow, Inc. are both Health Information Services companies. BrightSpring Health Services, Inc. is the larger, with a market value of $11.1B against $4.2B — 2.6× the size. Heartflow, Inc. has negative trailing earnings, so its P/E is not meaningful; BrightSpring Health Services, Inc. trades at 31.6×. Heartflow, Inc. grew revenue faster over the last twelve months: 42.8% against 26.4%. BrightSpring Health Services, Inc. has the higher net margin (2.55% vs −55.8%) and the higher return on invested capital (7.56% vs −42.8%). Across the 17 metrics below, BrightSpring Health Services, Inc. leads on 11 and Heartflow, Inc. on 6.

Valuation

Metric BTSG HTFL Health Information Services median
P/E 31.61 n/m 39.52
P/S 0.81 20.03 2.65
P/B 5.69 15.19 2.32
Price to free cash flow 28.98 n/m 16.77
EV/EBITDA 21.47 n/m 12.35
EV/Sales 0.93 20.13 3.06
Earnings yield 3.16% (3.72%) (1.68%)
Free cash flow yield 3.45% (1.39%) 0.54%

Profitability

Metric BTSG HTFL Health Information Services median
Gross margin 12.38% 80.08% 63.38%
Operating margin 3.12% (37.84%) (8.35%)
Net margin 2.55% (55.82%) (14.70%)
Free cash flow margin 2.80% (27.91%) 0.58%
Return on equity 19.31% 38.49% (6.82%)
Return on assets 6.14% (46.99%) (6.02%)
Return on invested capital 7.56% (42.81%) 0.00%

Growth

Metric BTSG HTFL Health Information Services median
Revenue growth (TTM) 26.35% 42.77% 8.62%
EPS growth (last fiscal year) 1,066.67% 82.37% —
Revenue growth, 5-year CAGR — — 12.36%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric BTSG HTFL Health Information Services median
Debt to equity 1.08 0.00 0.01
Current ratio 1.59 5.08 2.37
Net debt to EBITDA 5.17 3.41 0.50

Dividend

Metric BTSG HTFL Health Information Services median
Dividend yield — — 0.85%
Payout ratio — — 0.00

Size

Metric BTSG HTFL Health Information Services median
Market cap 11.08b 4.23b 352.86m

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