Humana Inc. (HUM) vs Marpai, Inc. (MRAI)

Humana Inc. and Marpai, Inc. are both Healthcare Plans companies. Humana Inc. is the larger, with a market value of $45.7B against $5.2M — 8850.8× the size. Marpai, Inc. has negative trailing earnings, so its P/E is not meaningful; Humana Inc. trades at 37.4×. Humana Inc. grew revenue faster over the last twelve months: 18.3% against −29.7%. Humana Inc. has the higher net margin (0.88% vs −101.5%) and the higher return on invested capital (17.5% vs 0.00%). Across the 17 metrics below, Humana Inc. leads on 12 and Marpai, Inc. on 5.

Valuation

Metric HUM MRAI Healthcare Plans median
P/E 37.36 n/m 23.75
P/S 0.33 4.93 0.40
P/B 2.48 n/m 2.48
Price to free cash flow 24.23 n/m 11.15
EV/EBITDA 10.94 n/m 10.94
EV/Sales 0.26 5.17 0.37
Earnings yield 2.68% (24.29%) 3.25%
Free cash flow yield 4.13% (11.32%) 8.15%

Profitability

Metric HUM MRAI Healthcare Plans median
Gross margin 13.65% 25.86% 19.04%
Operating margin 1.86% (81.83%) 1.93%
Net margin 0.88% (101.51%) 1.04%
Free cash flow margin 1.35% (52.33%) 3.18%
Return on equity 6.81% 47.39% 12.48%
Return on assets 2.38% (164.52%) 2.98%
Return on invested capital 17.52% 0.00% 2.04%

Growth

Metric HUM MRAI Healthcare Plans median
Revenue growth (TTM) 18.33% (29.73%) 7.57%
EPS growth (last fiscal year) (1.40%) 50.52% —
Revenue growth, 5-year CAGR 10.94% — 11.88%
Net income growth, 5-year CAGR (18.81%) 0.00% 0.00%

Health

Metric HUM MRAI Healthcare Plans median
Debt to equity 0.74 (0.27) 0.70
Current ratio 1.74 0.38 1.32
Net debt to EBITDA (2.14) (0.37) 0.05

Dividend

Metric HUM MRAI Healthcare Plans median
Dividend yield 1.07% — 1.53%
Payout ratio 0.12 0.00 0.00

Size

Metric HUM MRAI Healthcare Plans median
Market cap 45.67b 5.16m 20.34b

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