IRIDEX Corporation (IRIX) vs Modular Medical, Inc. (MODD)

IRIDEX Corporation and Modular Medical, Inc. are both Medical Devices companies. IRIDEX Corporation and Modular Medical, Inc. are of similar size ($12.2M and $11.9M). Modular Medical, Inc. has the higher net margin (0.00% vs −6.88%) and the lower return on invested capital (−249.3% vs −63.1%). Across the 13 metrics below, IRIDEX Corporation leads on 7 and Modular Medical, Inc. on 6.

Valuation

Metric IRIX MODD Medical Devices median
P/E n/m n/m 24.94
P/S 0.23 n/m 2.66
P/B n/m 0.70 2.36
Price to free cash flow n/m n/m 28.12
EV/EBITDA n/m n/m 11.42
EV/Sales 0.25 n/m 2.76
Earnings yield (29.41%) (771.26%) (12.66%)
Free cash flow yield (16.89%) (372.67%) (7.18%)

Profitability

Metric IRIX MODD Medical Devices median
Gross margin 35.92% 0.00% 57.76%
Operating margin (5.39%) 0.00% (14.84%)
Net margin (6.88%) 0.00% (14.45%)
Free cash flow margin (3.88%) 0.00% (5.70%)
Return on equity 308.17% (247.94%) (10.56%)
Return on assets (12.06%) (212.13%) (17.26%)
Return on invested capital (63.07%) (249.25%) (5.22%)

Growth

Metric IRIX MODD Medical Devices median
Revenue growth (TTM) 3.68% — 10.41%
EPS growth (last fiscal year) 51.85% 19.29% 28.17%
Revenue growth, 5-year CAGR 7.70% — 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric IRIX MODD Medical Devices median
Debt to equity 1.04 0.00 0.04
Current ratio 1.82 3.25 2.67
Net debt to EBITDA 2.68 0.27 0.54

Dividend

Metric IRIX MODD Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.38

Size

Metric IRIX MODD Medical Devices median
Market cap 11.94m 12.16m 221.84m

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