CVRx, Inc. (CVRX) vs LENSAR, Inc. (LNSR)

CVRx, Inc. and LENSAR, Inc. are both Medical Devices companies. LENSAR, Inc. is the larger, with a market value of $86.9M against $67.4M — 1.3× the size. CVRx, Inc. has negative trailing earnings, so its P/E is not meaningful; LENSAR, Inc. trades at 2.4×. CVRx, Inc. grew revenue faster over the last twelve months: 12.0% against 3.26%. LENSAR, Inc. has the higher net margin (57.6% vs −84.9%) and the lower return on invested capital (−379.0% vs −218.1%). Across the 18 metrics below, CVRx, Inc. leads on 11 and LENSAR, Inc. on 7.

Valuation

Metric CVRX LNSR Medical Devices median
P/E n/m 2.43 22.18
P/S 1.17 1.41 2.70
P/B 3.59 5.71 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 1.07 1.22 2.38
Earnings yield (73.33%) 41.11% (8.22%)
Free cash flow yield (57.35%) (8.70%) (7.80%)

Profitability

Metric CVRX LNSR Medical Devices median
Gross margin 86.92% 48.34% 56.01%
Operating margin (79.49%) (13.48%) (15.03%)
Net margin (84.93%) 57.57% (20.40%)
Free cash flow margin (67.09%) (12.29%) (7.24%)
Return on equity (133.44%) (851.75%) (15.32%)
Return on assets (49.06%) 49.58% (19.72%)
Return on invested capital (218.09%) (379.01%) (10.33%)

Growth

Metric CVRX LNSR Medical Devices median
Revenue growth (TTM) 11.96% 3.26% 8.80%
EPS growth (last fiscal year) 23.02% (5.13%) —
Revenue growth, 5-year CAGR 56.40% 17.24% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVRX LNSR Medical Devices median
Debt to equity 2.94 0.00 0.07
Current ratio 8.04 2.39 2.50
Net debt to EBITDA 0.52 0.89 0.49

Dividend

Metric CVRX LNSR Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric CVRX LNSR Medical Devices median
Market cap 67.40m 86.92m 172.91m

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