CONMED Corporation (CNMD) vs iRadimed Corporation (IRMD)

CONMED Corporation and iRadimed Corporation are both Medical Devices companies. CONMED Corporation is the larger, with a market value of $1.4B against $1.1B — 1.2× the size. CONMED Corporation trades at the lower P/E: 24.5× against 47.1×. iRadimed Corporation grew revenue faster over the last twelve months: 11.2% against 3.42%. iRadimed Corporation has the higher net margin (26.7% vs 4.12%) and the higher return on invested capital (40.4% vs 3.75%). Both pay a dividend; CONMED Corporation yields more (0.95% vs 0.32%). Across the 23 metrics below, iRadimed Corporation leads on 14 and CONMED Corporation on 9.

Valuation

Metric CNMD IRMD Medical Devices median
P/E 24.53 47.12 22.18
P/S 0.99 12.70 2.70
P/B 1.31 10.78 2.46
Price to free cash flow 10.15 46.51 22.53
EV/EBITDA 11.33 35.54 11.78
EV/Sales 1.58 12.01 2.38
Earnings yield 4.08% 2.12% (8.22%)
Free cash flow yield 9.85% 2.15% (7.80%)

Profitability

Metric CNMD IRMD Medical Devices median
Gross margin 55.79% 75.86% 56.01%
Operating margin 8.04% 31.92% (15.03%)
Net margin 4.12% 26.70% (20.40%)
Free cash flow margin 9.80% 28.43% (7.24%)
Return on equity 5.53% 23.52% (15.32%)
Return on assets 2.44% 20.82% (19.72%)
Return on invested capital 3.75% 40.36% (10.33%)

Growth

Metric CNMD IRMD Medical Devices median
Revenue growth (TTM) 3.42% 11.21% 8.80%
EPS growth (last fiscal year) (64.47%) 16.67% —
Revenue growth, 5-year CAGR 9.77% 21.45% 15.23%
Net income growth, 5-year CAGR 37.66% 75.02% 0.00%

Health

Metric CNMD IRMD Medical Devices median
Debt to equity 0.80 0.00 0.07
Current ratio 1.48 9.46 2.50
Net debt to EBITDA 4.35 (1.87) 0.49

Dividend

Metric CNMD IRMD Medical Devices median
Dividend yield 0.95% 0.32% 0.94%
Payout ratio 0.27 0.00 0.00

Size

Metric CNMD IRMD Medical Devices median
Market cap 1.35b 1.09b 172.91m

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