Globus Medical, Inc. (GMED) vs 10x Genomics (TXG)

Globus Medical, Inc. and 10x Genomics are both Medical Devices companies. Globus Medical, Inc. is the larger, with a market value of $10.9B against $7.6B — 1.4× the size. 10x Genomics has negative trailing earnings, so its P/E is not meaningful; Globus Medical, Inc. trades at 19.5×. Globus Medical, Inc. grew revenue faster over the last twelve months: 13.4% against −4.28%. Globus Medical, Inc. has the higher net margin (17.8% vs −12.2%) and the higher return on invested capital (8.86% vs −20.2%). Across the 19 metrics below, Globus Medical, Inc. leads on 17 and 10x Genomics on 2.

Valuation

Metric GMED TXG Medical Devices median
P/E 19.53 n/m 25.58
P/S 3.46 12.35 2.54
P/B 2.26 9.23 2.48
Price to free cash flow 14.53 63.28 28.81
EV/EBITDA 11.91 n/m 11.51
EV/Sales 3.54 11.51 2.72
Earnings yield 5.12% (1.01%) (12.82%)
Free cash flow yield 6.88% 1.58% (8.18%)

Profitability

Metric GMED TXG Medical Devices median
Gross margin 69.12% 70.03% 57.76%
Operating margin 21.65% (14.33%) (15.07%)
Net margin 17.76% (12.18%) (14.45%)
Free cash flow margin 24.42% 19.68% (3.88%)
Return on equity 12.13% (9.40%) (10.35%)
Return on assets 10.50% (7.47%) (17.26%)
Return on invested capital 8.86% (20.20%) (5.27%)

Growth

Metric GMED TXG Medical Devices median
Revenue growth (TTM) 13.35% (4.28%) 10.41%
EPS growth (last fiscal year) 422.67% 76.97% 28.17%
Revenue growth, 5-year CAGR 30.08% 16.55% 15.74%
Net income growth, 5-year CAGR 39.37% 0.00% 0.00%

Health

Metric GMED TXG Medical Devices median
Debt to equity 0.00 0.00 0.04
Current ratio 4.30 5.69 2.74
Net debt to EBITDA (0.71) 30.49 0.54

Dividend

Metric GMED TXG Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.37

Size

Metric GMED TXG Medical Devices median
Market cap 10.93b 7.56b 239.53m

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