Elutia Inc. (ELUT) vs QT Imaging Holdings, Inc. (QTI)

Elutia Inc. and QT Imaging Holdings, Inc. are both Medical Devices companies. Elutia Inc. and QT Imaging Holdings, Inc. are of similar size ($37.0M and $36.8M). QT Imaging Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Elutia Inc. trades at 0.7×. QT Imaging Holdings, Inc. grew revenue faster over the last twelve months: 220.0% against 69.0%. Elutia Inc. has the higher net margin (488.2% vs −77.3%) and the higher return on invested capital (0.00% vs −62.5%). Across the 17 metrics below, Elutia Inc. leads on 9 and QT Imaging Holdings, Inc. on 8.

Valuation

Metric ELUT QTI Medical Devices median
P/E 0.67 n/m 22.18
P/S 2.99 1.41 2.70
P/B 2.30 16.64 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 3.50 1.58 2.38
Earnings yield 150.00% (62.30%) (8.22%)
Free cash flow yield (126.92%) (34.09%) (7.80%)

Profitability

Metric ELUT QTI Medical Devices median
Gross margin 57.76% 40.39% 56.01%
Operating margin (214.85%) (24.84%) (15.03%)
Net margin 488.15% (77.26%) (20.40%)
Free cash flow margin (379.26%) (48.19%) (7.24%)
Return on equity (454.01%) (2,125.31%) (15.32%)
Return on assets 152.89% (96.64%) (19.72%)
Return on invested capital 0.00% (62.51%) (10.33%)

Growth

Metric ELUT QTI Medical Devices median
Revenue growth (TTM) 69.03% 220.02% 8.80%
EPS growth (last fiscal year) 146.77% 5.64% —
Revenue growth, 5-year CAGR (22.04%) — 15.23%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ELUT QTI Medical Devices median
Debt to equity 0.00 6.81 0.07
Current ratio 1.77 3.10 2.50
Net debt to EBITDA 1.51 1.36 0.49

Dividend

Metric ELUT QTI Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric ELUT QTI Medical Devices median
Market cap 36.76m 37.03m 172.91m

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