Glaukos Corporation (GKOS) vs Insulet Corporation (PODD)

Glaukos Corporation and Insulet Corporation are both Medical Devices companies. Glaukos Corporation and Insulet Corporation are of similar size ($9.6B and $9.1B). Glaukos Corporation has negative trailing earnings, so its P/E is not meaningful; Insulet Corporation trades at 25.4×. Glaukos Corporation grew revenue faster over the last twelve months: 41.6% against 29.4%. Insulet Corporation has the higher net margin (12.3% vs −30.7%) and the higher return on invested capital (17.6% vs −26.1%). Across the 19 metrics below, Insulet Corporation leads on 14 and Glaukos Corporation on 5.

Valuation

Metric GKOS PODD Medical Devices median
P/E n/m 25.44 22.18
P/S 14.82 3.09 2.70
P/B 13.31 6.63 2.46
Price to free cash flow n/m 35.52 22.53
EV/EBITDA n/m 16.01 11.78
EV/Sales 14.46 3.22 2.38
Earnings yield (2.10%) 3.93% (8.22%)
Free cash flow yield (0.13%) 2.82% (7.80%)

Profitability

Metric GKOS PODD Medical Devices median
Gross margin 79.12% 71.07% 56.01%
Operating margin (31.55%) 16.89% (15.03%)
Net margin (30.68%) 12.29% (20.40%)
Free cash flow margin (1.99%) 8.70% (7.24%)
Return on equity (25.98%) 26.02% (15.32%)
Return on assets (19.72%) 11.31% (19.72%)
Return on invested capital (26.07%) 17.56% (10.33%)

Growth

Metric GKOS PODD Medical Devices median
Revenue growth (TTM) 41.55% 29.41% 8.80%
EPS growth (last fiscal year) (18.41%) (39.79%) —
Revenue growth, 5-year CAGR 17.67% 24.53% 15.23%
Net income growth, 5-year CAGR 0.00% 105.15% 0.00%

Health

Metric GKOS PODD Medical Devices median
Debt to equity 0.10 0.67 0.07
Current ratio 5.04 2.48 2.50
Net debt to EBITDA 1.31 0.41 0.49

Dividend

Metric GKOS PODD Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric GKOS PODD Medical Devices median
Market cap 9.14b 9.56b 172.91m

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