IRIDEX Corporation (IRIX) vs PAVmed Inc. (PAVM)

IRIDEX Corporation and PAVmed Inc. are both Medical Devices companies. IRIDEX Corporation and PAVmed Inc. are of similar size ($12.4M and $11.9M). IRIDEX Corporation grew revenue faster over the last twelve months: 3.68% against −89.0%. IRIDEX Corporation has the higher net margin (−6.88% vs −18,417.9%) and the lower return on invested capital (−63.1% vs −54.5%). Across the 16 metrics below, IRIDEX Corporation leads on 13 and PAVmed Inc. on 3.

Valuation

Metric IRIX PAVM Medical Devices median
P/E n/m n/m 24.94
P/S 0.23 87.88 2.66
P/B n/m 0.64 2.36
Price to free cash flow n/m n/m 28.12
EV/EBITDA n/m n/m 11.42
EV/Sales 0.25 188.92 2.76
Earnings yield (29.41%) (1,021.52%) (12.66%)
Free cash flow yield (16.89%) (75.51%) (7.18%)

Profitability

Metric IRIX PAVM Medical Devices median
Gross margin 35.92% (221.43%) 57.76%
Operating margin (5.39%) (23,841.07%) (14.84%)
Net margin (6.88%) (18,417.86%) (14.45%)
Free cash flow margin (3.88%) (6,948.21%) (5.70%)
Return on equity 308.17% (216.61%) (10.56%)
Return on assets (12.06%) (49.05%) (17.26%)
Return on invested capital (63.07%) (54.50%) (5.22%)

Growth

Metric IRIX PAVM Medical Devices median
Revenue growth (TTM) 3.68% (89.02%) 10.41%
EPS growth (last fiscal year) 51.85% (137.79%) 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 PAVM Medical Devices median
Debt to equity 1.04 0.78 0.04
Current ratio 1.82 1.19 2.67
Net debt to EBITDA 2.68 0.07 0.54

Dividend

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

Size

Metric IRIX PAVM Medical Devices median
Market cap 11.94m 12.39m 221.84m

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