Carlsmed, Inc. (CARL) vs Claritev Corporation (CTEV)

Carlsmed, Inc. and Claritev Corporation are both Health Information Services companies. Carlsmed, Inc. and Claritev Corporation are of similar size ($404.6M and $395.9M). Carlsmed, Inc. grew revenue faster over the last twelve months: 81.1% against 6.32%. Claritev Corporation has the higher net margin (−28.5% vs −57.4%) and the higher return on invested capital (0.47% vs −234.5%). Across the 16 metrics below, Claritev Corporation leads on 11 and Carlsmed, Inc. on 5.

Valuation

Metric CARL CTEV Health Information Services median
P/E n/m n/m 39.52
P/S 6.49 0.39 2.65
P/B 4.87 n/m 2.32
Price to free cash flow n/m n/m 16.77
EV/EBITDA n/m 10.36 12.35
EV/Sales 5.32 5.06 3.06
Earnings yield (9.47%) (73.89%) (1.68%)
Free cash flow yield (8.69%) (4.59%) 0.54%

Profitability

Metric CARL CTEV Health Information Services median
Gross margin 76.63% 72.97% 63.38%
Operating margin (61.09%) 3.27% (8.35%)
Net margin (57.42%) (28.46%) (14.70%)
Free cash flow margin (56.36%) (1.80%) 0.58%
Return on equity (6,196.93%) 172.76% (6.82%)
Return on assets (42.39%) (5.76%) (6.02%)
Return on invested capital (234.53%) 0.47% 0.00%

Growth

Metric CARL CTEV Health Information Services median
Revenue growth (TTM) 81.14% 6.32% 8.62%
EPS growth (last fiscal year) 65.30% 83.03% —
Revenue growth, 5-year CAGR — 0.58% 12.36%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric CARL CTEV Health Information Services median
Debt to equity 0.18 (16.23) 0.01
Current ratio 8.84 1.00 2.37
Net debt to EBITDA 3.12 9.46 0.50

Dividend

Metric CARL CTEV Health Information Services median
Dividend yield — — 0.85%
Payout ratio — 0.00 0.00

Size

Metric CARL CTEV Health Information Services median
Market cap 404.63m 395.89m 352.86m

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