Envoy Medical, Inc. (COCH) vs Outset Medical, Inc. (OM)

Envoy Medical, Inc. and Outset Medical, Inc. are both Medical Devices companies. Outset Medical, Inc. is the larger, with a market value of $77.0M against $55.0M — 1.4× the size. Envoy Medical, Inc. grew revenue faster over the last twelve months: 11.1% against 1.58%. Outset Medical, Inc. has the higher net margin (−58.3% vs −11,233.8%) and the lower return on invested capital (−84.7% vs 0.00%). Across the 16 metrics below, Envoy Medical, Inc. leads on 8 and Outset Medical, Inc. on 8.

Valuation

Metric COCH OM Medical Devices median
P/E n/m n/m 24.94
P/S 323.83 0.64 2.66
P/B n/m 0.94 2.36
Price to free cash flow n/m n/m 28.12
EV/EBITDA n/m n/m 11.42
EV/Sales 393.32 0.35 2.76
Earnings yield (12.66%) (92.80%) (12.66%)
Free cash flow yield (29.03%) (54.62%) (7.18%)

Profitability

Metric COCH OM Medical Devices median
Gross margin (352.81%) 42.04% 57.76%
Operating margin (10,151.52%) (51.24%) (14.84%)
Net margin (11,233.77%) (58.33%) (14.45%)
Free cash flow margin 0.00% (35.16%) (5.70%)
Return on equity 564.62% (64.14%) (10.56%)
Return on assets (189.84%) (28.03%) (17.26%)
Return on invested capital 0.00% (84.68%) (5.22%)

Growth

Metric COCH OM Medical Devices median
Revenue growth (TTM) 11.06% 1.58% 10.41%
EPS growth (last fiscal year) 17.45% 85.44% 28.17%
Revenue growth, 5-year CAGR — 19.06% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COCH OM Medical Devices median
Debt to equity 0.00 1.19 0.04
Current ratio 0.00 4.86 2.67
Net debt to EBITDA 0.18 1.13 0.54

Dividend

Metric COCH OM Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.38

Size

Metric COCH OM Medical Devices median
Market cap 54.95m 76.99m 221.84m

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