Harvard Bioscience, Inc. (HBIO) vs Milestone Scientific, Inc. (MLSS)

Harvard Bioscience, Inc. and Milestone Scientific, Inc. are both Medical Instruments & Supplies companies. Harvard Bioscience, Inc. is the larger, with a market value of $37.8M against $29.6M — 1.3× the size. Milestone Scientific, Inc. grew revenue faster over the last twelve months: 3.72% against −1.06%. Harvard Bioscience, Inc. has the higher net margin (−11.9% vs −44.0%) and the higher return on invested capital (−0.41% vs −136.2%). Across the 18 metrics below, Harvard Bioscience, Inc. leads on 10 and Milestone Scientific, Inc. on 8.

Valuation

Metric HBIO MLSS Medical Instruments & Supplies median
P/E n/m n/m 33.75
P/S 0.42 3.26 2.52
P/B 4.94 8.85 2.48
Price to free cash flow n/m n/m 25.19
EV/EBITDA 14.24 n/m 14.62
EV/Sales 1.15 3.09 2.88
Earnings yield (28.55%) (13.33%) (2.67%)
Free cash flow yield (5.00%) (2.78%) 0.09%

Profitability

Metric HBIO MLSS Medical Instruments & Supplies median
Gross margin 58.16% 70.23% 54.29%
Operating margin (0.28%) (43.56%) 1.07%
Net margin (11.86%) (43.98%) (1.61%)
Free cash flow margin (2.09%) (6.98%) 1.08%
Return on equity (89.95%) (121.68%) (1.32%)
Return on assets (13.32%) (50.54%) 0.00%
Return on invested capital (0.41%) (136.16%) 0.00%

Growth

Metric HBIO MLSS Medical Instruments & Supplies median
Revenue growth (TTM) (1.06%) 3.72% 8.85%
EPS growth (last fiscal year) (357.14%) (16.67%) 8.65%
Revenue growth, 5-year CAGR (3.25%) 10.54% 9.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric HBIO MLSS Medical Instruments & Supplies median
Debt to equity 4.95 0.14 0.10
Current ratio 1.87 1.85 2.48
Net debt to EBITDA 4.11 0.05 0.89

Dividend

Metric HBIO MLSS Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric HBIO MLSS Medical Instruments & Supplies median
Market cap 37.83m 29.61m 619.84m

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