InMode Ltd. (INMD) vs Pacific Biosciences of California, Inc. (PACB)

InMode Ltd. and Pacific Biosciences of California, Inc. are both Medical Devices companies. InMode Ltd. and Pacific Biosciences of California, Inc. are of similar size ($771.1M and $755.3M). Pacific Biosciences of California, Inc. has negative trailing earnings, so its P/E is not meaningful; InMode Ltd. trades at 10.7×. Pacific Biosciences of California, Inc. grew revenue faster over the last twelve months: 4.41% against −6.71%. InMode Ltd. has the higher net margin (20.7% vs −81.3%) and the higher return on invested capital (33.8% vs 0.00%). Across the 17 metrics below, InMode Ltd. leads on 13 and Pacific Biosciences of California, Inc. on 4.

Valuation

Metric INMD PACB Medical Devices median
P/E 10.70 n/m 25.58
P/S 2.10 4.74 2.54
P/B 1.15 n/m 2.48
Price to free cash flow 9.54 n/m 28.81
EV/EBITDA 4.10 n/m 11.51
EV/Sales 0.76 7.50 2.72
Earnings yield 9.35% (17.07%) (12.82%)
Free cash flow yield 10.48% (12.98%) (8.18%)

Profitability

Metric INMD PACB Medical Devices median
Gross margin 76.52% 34.40% 57.76%
Operating margin 18.47% (81.27%) (15.07%)
Net margin 20.69% (81.31%) (14.45%)
Free cash flow margin 22.03% (84.85%) (3.88%)
Return on equity 0.00% 1,037.83% (10.35%)
Return on assets 10.85% (17.22%) (17.26%)
Return on invested capital 33.78% 0.00% (5.27%)

Growth

Metric INMD PACB Medical Devices median
Revenue growth (TTM) (6.71%) 4.41% 10.41%
EPS growth (last fiscal year) (36.44%) (14.47%) 28.17%
Revenue growth, 5-year CAGR 12.44% 15.19% 15.74%
Net income growth, 5-year CAGR 4.57% 0.00% 0.00%

Health

Metric INMD PACB Medical Devices median
Debt to equity 0.00 0.00 0.04
Current ratio 8.18 4.62 2.74
Net debt to EBITDA (6.45) (2.33) 0.54

Dividend

Metric INMD PACB Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.37

Size

Metric INMD PACB Medical Devices median
Market cap 771.09m 755.32m 239.53m

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