ICU Medical, Inc. (ICUI) vs Pulse Biosciences, Inc (PLSE)

ICU Medical, Inc. and Pulse Biosciences, Inc are both Medical Instruments & Supplies companies. ICU Medical, Inc. is the larger, with a market value of $4.2B against $3.8B — 1.1× the size. Pulse Biosciences, Inc has negative trailing earnings, so its P/E is not meaningful; ICU Medical, Inc. trades at 137×. ICU Medical, Inc. grew revenue faster over the last twelve months: −8.97% against −23.3%. ICU Medical, Inc. has the higher net margin (1.39% vs −6,755.8%) and the higher return on invested capital (1.46% vs 0.00%). Across the 18 metrics below, ICU Medical, Inc. leads on 14 and Pulse Biosciences, Inc on 4.

Valuation

Metric ICUI PLSE Medical Instruments & Supplies median
P/E 137.46 n/m 34.17
P/S 1.91 3,023.78 2.83
P/B 1.92 36.01 2.82
Price to free cash flow 26.97 n/m 25.69
EV/EBITDA 18.22 n/m 16.08
EV/Sales 2.34 2,945.94 3.06
Earnings yield 0.73% (2.28%) (1.84%)
Free cash flow yield 3.71% (1.71%) 0.17%

Profitability

Metric ICUI PLSE Medical Instruments & Supplies median
Gross margin 39.13% 0.25% 54.62%
Operating margin 3.34% (7,007.76%) 1.64%
Net margin 1.39% (6,755.78%) 0.00%
Free cash flow margin 7.08% (5,180.42%) 1.61%
Return on equity 1.41% (78.49%) 0.00%
Return on assets 0.74% (67.90%) 0.00%
Return on invested capital 1.46% 0.00% 0.00%

Growth

Metric ICUI PLSE Medical Instruments & Supplies median
Revenue growth (TTM) (8.97%) (23.25%) 9.20%
EPS growth (last fiscal year) 100.62% (17.39%) —
Revenue growth, 5-year CAGR 11.91% — 9.48%
Net income growth, 5-year CAGR (61.53%) 0.00% 0.00%

Health

Metric ICUI PLSE Medical Instruments & Supplies median
Debt to equity 0.57 0.00 0.08
Current ratio 2.43 9.63 2.49
Net debt to EBITDA 3.91 1.06 0.83

Dividend

Metric ICUI PLSE Medical Instruments & Supplies median
Dividend yield — — 0.99%
Payout ratio 0.00 0.00 0.00

Size

Metric ICUI PLSE Medical Instruments & Supplies median
Market cap 4.15b 3.77b 938.39m

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