Bioventus Inc. (BVS) vs iRadimed Corporation (IRMD)

Bioventus Inc. and iRadimed Corporation are both Medical Devices companies. Bioventus Inc. and iRadimed Corporation are of similar size ($1.1B and $1.1B). Bioventus Inc. trades at the lower P/E: 17.0× against 47.1×. iRadimed Corporation grew revenue faster over the last twelve months: 11.2% against 3.14%. iRadimed Corporation has the higher net margin (26.7% vs 9.36%) and the higher return on invested capital (40.4% vs 7.34%). Across the 22 metrics below, iRadimed Corporation leads on 13 and Bioventus Inc. on 9.

Valuation

Metric BVS IRMD Medical Devices median
P/E 17.05 47.12 22.18
P/S 1.61 12.70 2.70
P/B 3.38 10.78 2.46
Price to free cash flow 9.94 46.51 22.53
EV/EBITDA 11.17 35.54 11.78
EV/Sales 1.99 12.01 2.38
Earnings yield 5.87% 2.12% (8.22%)
Free cash flow yield 10.06% 2.15% (7.80%)

Profitability

Metric BVS IRMD Medical Devices median
Gross margin 68.65% 75.86% 56.01%
Operating margin 10.02% 31.92% (15.03%)
Net margin 9.36% 26.70% (20.40%)
Free cash flow margin 16.20% 28.43% (7.24%)
Return on equity 22.75% 23.52% (15.32%)
Return on assets 7.89% 20.82% (19.72%)
Return on invested capital 7.34% 40.36% (10.33%)

Growth

Metric BVS IRMD Medical Devices median
Revenue growth (TTM) 3.14% 11.21% 8.80%
EPS growth (last fiscal year) 163.46% 16.67% —
Revenue growth, 5-year CAGR 12.08% 21.45% 15.23%
Net income growth, 5-year CAGR 6.73% 75.02% 0.00%

Health

Metric BVS IRMD Medical Devices median
Debt to equity 0.90 0.00 0.07
Current ratio 1.69 9.46 2.50
Net debt to EBITDA 2.40 (1.87) 0.49

Dividend

Metric BVS IRMD Medical Devices median
Dividend yield — 0.32% 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric BVS IRMD Medical Devices median
Market cap 1.13b 1.09b 172.91m

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