GE HealthCare Technologies Inc. (GEHC) vs STERIS plc (STE)

GE HealthCare Technologies Inc. and STERIS plc are both Medical Devices companies. GE HealthCare Technologies Inc. is the larger, with a market value of $29.9B against $20.4B — 1.5× the size. GE HealthCare Technologies Inc. trades at the lower P/E: 15.3× against 25.4×. STERIS plc grew revenue faster over the last twelve months: 8.37% against 6.51%. STERIS plc has the higher net margin (13.3% vs 9.33%) and the lower return on invested capital (8.27% vs 8.37%). Both pay a dividend; STERIS plc yields more (0.92% vs 0.13%). Across the 23 metrics below, STERIS plc leads on 13 and GE HealthCare Technologies Inc. on 10.

Valuation

Metric GEHC STE Medical Devices median
P/E 15.28 25.45 22.18
P/S 1.42 3.38 2.70
P/B 2.75 2.82 2.46
Price to free cash flow 19.12 21.79 22.53
EV/EBITDA 11.85 13.35 11.78
EV/Sales 1.86 3.61 2.38
Earnings yield 6.54% 3.93% (8.22%)
Free cash flow yield 5.23% 4.59% (7.80%)

Profitability

Metric GEHC STE Medical Devices median
Gross margin 39.54% 44.43% 56.01%
Operating margin 12.86% 18.91% (15.03%)
Net margin 9.33% 13.33% (20.40%)
Free cash flow margin 7.42% 15.50% (7.24%)
Return on equity 19.15% 11.35% (15.32%)
Return on assets 5.45% 7.62% (19.72%)
Return on invested capital 8.37% 8.27% (10.33%)

Growth

Metric GEHC STE Medical Devices median
Revenue growth (TTM) 6.51% 8.37% 8.80%
EPS growth (last fiscal year) 4.84% 27.90% —
Revenue growth, 5-year CAGR 3.74% 13.82% 15.23%
Net income growth, 5-year CAGR (31.53%) 14.51% 0.00%

Health

Metric GEHC STE Medical Devices median
Debt to equity 1.05 0.26 0.07
Current ratio 1.26 1.91 2.50
Net debt to EBITDA 2.14 0.94 0.49

Dividend

Metric GEHC STE Medical Devices median
Dividend yield 0.13% 0.92% 0.94%
Payout ratio — 1.55 0.00

Size

Metric GEHC STE Medical Devices median
Market cap 29.86b 20.36b 172.91m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack