Inspire Medical Systems, Inc. (INSP) vs UFP Technologies, Inc. (UFPT)

Inspire Medical Systems, Inc. and UFP Technologies, Inc. are both Medical Devices companies. UFP Technologies, Inc. is the larger, with a market value of $2.3B against $2.0B — 1.2× the size. Inspire Medical Systems, Inc. trades at the lower P/E: 15.1× against 31.6×. UFP Technologies, Inc. grew revenue faster over the last twelve months: 7.32% against 4.35%. Inspire Medical Systems, Inc. has the higher net margin (15.0% vs 11.5%) and the lower return on invested capital (6.70% vs 10.3%). Across the 22 metrics below, Inspire Medical Systems, Inc. leads on 17 and UFP Technologies, Inc. on 5.

Valuation

Metric INSP UFPT Medical Devices median
P/E 15.13 31.59 22.18
P/S 2.26 3.62 2.70
P/B 2.46 4.95 2.46
Price to free cash flow 17.36 37.21 22.53
EV/EBITDA 24.81 20.78 11.78
EV/Sales 1.93 3.82 2.38
Earnings yield 6.61% 3.17% (8.22%)
Free cash flow yield 5.76% 2.69% (7.80%)

Profitability

Metric INSP UFPT Medical Devices median
Gross margin 86.13% 28.50% 56.01%
Operating margin 6.02% 15.25% (15.03%)
Net margin 15.03% 11.45% (20.40%)
Free cash flow margin 13.03% 9.74% (7.24%)
Return on equity 17.96% 17.05% (15.32%)
Return on assets 15.63% 10.98% (19.72%)
Return on invested capital 6.70% 10.29% (10.33%)

Growth

Metric INSP UFPT Medical Devices median
Revenue growth (TTM) 4.35% 7.32% 8.80%
EPS growth (last fiscal year) 179.43% 15.44% —
Revenue growth, 5-year CAGR 51.21% 27.43% 15.23%
Net income growth, 5-year CAGR 0.00% 38.57% 0.00%

Health

Metric INSP UFPT Medical Devices median
Debt to equity 0.00 0.28 0.07
Current ratio 8.55 3.00 2.50
Net debt to EBITDA (4.97) 1.16 0.49

Dividend

Metric INSP UFPT Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric INSP UFPT Medical Devices median
Market cap 1.96b 2.31b 172.91m

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