Cytek Biosciences, Inc. (CTKB) vs InMode Ltd. (INMD)

Cytek Biosciences, Inc. and InMode Ltd. are both Medical Devices companies. Cytek Biosciences, Inc. and InMode Ltd. are of similar size ($815.7M and $744.8M). Cytek Biosciences, Inc. has negative trailing earnings, so its P/E is not meaningful; InMode Ltd. trades at 11.4×. Cytek Biosciences, Inc. grew revenue faster over the last twelve months: 5.44% against −6.71%. InMode Ltd. has the higher net margin (20.7% vs −39.0%) and the higher return on invested capital (33.8% vs −46.4%). Across the 19 metrics below, InMode Ltd. leads on 17 and Cytek Biosciences, Inc. on 2.

Valuation

Metric CTKB INMD Medical Devices median
P/E n/m 11.41 22.18
P/S 3.56 2.24 2.70
P/B 2.28 1.23 2.46
Price to free cash flow n/m 10.18 22.53
EV/EBITDA n/m 4.85 11.78
EV/Sales 2.29 0.90 2.38
Earnings yield (10.92%) 8.77% (8.22%)
Free cash flow yield (1.63%) 9.83% (7.80%)

Profitability

Metric CTKB INMD Medical Devices median
Gross margin 53.23% 76.52% 56.01%
Operating margin (21.60%) 18.47% (15.03%)
Net margin (38.98%) 20.69% (20.40%)
Free cash flow margin (5.79%) 22.03% (7.24%)
Return on equity (23.04%) 0.00% (15.32%)
Return on assets (17.14%) 10.85% (19.72%)
Return on invested capital (46.36%) 33.78% (10.33%)

Growth

Metric CTKB INMD Medical Devices median
Revenue growth (TTM) 5.44% (6.71%) 8.80%
EPS growth (last fiscal year) (940.00%) (36.44%) —
Revenue growth, 5-year CAGR 16.76% 12.44% 15.23%
Net income growth, 5-year CAGR 0.00% 4.57% 0.00%

Health

Metric CTKB INMD Medical Devices median
Debt to equity 0.00 0.00 0.07
Current ratio 4.48 8.18 2.50
Net debt to EBITDA 9.19 (6.45) 0.49

Dividend

Metric CTKB INMD Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric CTKB INMD Medical Devices median
Market cap 744.80m 815.65m 172.91m

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