FocalTherics (FOCL) vs McKesson Corporation (MCK)

FocalTherics and McKesson Corporation are both Medical Distribution companies. McKesson Corporation is the larger, with a market value of $101.8B against $172.0M — 591.5× the size. FocalTherics has negative trailing earnings, so its P/E is not meaningful; McKesson Corporation trades at 23.1×. FocalTherics grew revenue faster over the last twelve months: 29.5% against 8.84%. McKesson Corporation has the higher net margin (1.12% vs −50.1%) and the higher return on invested capital (70.5% vs −110.8%). Across the 17 metrics below, McKesson Corporation leads on 11 and FocalTherics on 6.

Valuation

Metric FOCL MCK Medical Distribution median
P/E n/m 23.09 —
P/S 2.15 0.25 0.23
P/B n/m n/m —
Price to free cash flow n/m 16.74 —
EV/EBITDA n/m 15.49 15.49
EV/Sales 2.39 0.27 0.65
Earnings yield (21.87%) 4.33% (22.94%)
Free cash flow yield (11.43%) 5.97% (11.43%)

Profitability

Metric FOCL MCK Medical Distribution median
Gross margin 44.53% 3.64% 8.01%
Operating margin (34.93%) 1.58% 0.46%
Net margin (50.11%) 1.12% (6.08%)
Free cash flow margin (24.60%) 1.50% 0.00%
Return on equity (133.48%) (168.45%) 0.00%
Return on assets (50.28%) 5.41% 0.00%
Return on invested capital (110.75%) 70.49% 0.00%

Growth

Metric FOCL MCK Medical Distribution median
Revenue growth (TTM) 29.45% 8.84% 11.54%
EPS growth (last fiscal year) (41.82%) 49.22% —
Revenue growth, 5-year CAGR 8.18% 11.11% 8.18%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FOCL MCK Medical Distribution median
Debt to equity (12.43) (3.83) (0.34)
Current ratio 1.60 0.89 1.05
Net debt to EBITDA (0.18) 1.10 (0.01)

Dividend

Metric FOCL MCK Medical Distribution median
Dividend yield — 0.47% —
Payout ratio 0.00 0.08 0.00

Size

Metric FOCL MCK Medical Distribution median
Market cap 172.03m 101.76b 172.03m

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