Enovis Corporation (ENOV) vs iRadimed Corporation (IRMD)

Enovis Corporation and iRadimed Corporation are both Medical Devices companies. Enovis Corporation and iRadimed Corporation are of similar size ($1.1B and $1.1B). Enovis Corporation has negative trailing earnings, so its P/E is not meaningful; iRadimed Corporation trades at 47.1×. iRadimed Corporation grew revenue faster over the last twelve months: 11.2% against 4.89%. iRadimed Corporation has the higher net margin (26.7% vs −48.0%) and the higher return on invested capital (40.4% vs −23.6%). Across the 21 metrics below, iRadimed Corporation leads on 15 and Enovis Corporation on 6.

Valuation

Metric ENOV IRMD Medical Devices median
P/E n/m 47.12 22.18
P/S 0.46 12.70 2.70
P/B 0.72 10.78 2.46
Price to free cash flow 16.70 46.51 22.53
EV/EBITDA 7.56 35.54 11.78
EV/Sales 1.02 12.01 2.38
Earnings yield (104.33%) 2.12% (8.22%)
Free cash flow yield 5.99% 2.15% (7.80%)

Profitability

Metric ENOV IRMD Medical Devices median
Gross margin 61.09% 75.86% 56.01%
Operating margin (45.14%) 31.92% (15.03%)
Net margin (47.97%) 26.70% (20.40%)
Free cash flow margin 2.77% 28.43% (7.24%)
Return on equity (54.27%) 23.52% (15.32%)
Return on assets (25.07%) 20.82% (19.72%)
Return on invested capital (23.55%) 40.36% (10.33%)

Growth

Metric ENOV IRMD Medical Devices median
Revenue growth (TTM) 4.89% 11.21% 8.80%
EPS growth (last fiscal year) (38.98%) 16.67% —
Revenue growth, 5-year CAGR 14.94% 21.45% 15.23%
Net income growth, 5-year CAGR 0.00% 75.02% 0.00%

Health

Metric ENOV IRMD Medical Devices median
Debt to equity 0.87 0.00 0.07
Current ratio 1.98 9.46 2.50
Net debt to EBITDA 5.73 (1.87) 0.49

Dividend

Metric ENOV IRMD Medical Devices median
Dividend yield — 0.32% 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric ENOV IRMD Medical Devices median
Market cap 1.05b 1.09b 172.91m

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