IRIDEX Corporation (IRIX) vs WORK Medical Technology Group LTD (WOK)

IRIDEX Corporation and WORK Medical Technology Group LTD are both Medical Devices companies. IRIDEX Corporation is the larger, with a market value of $11.1M against $8.9M — 1.2× the size. Across the 9 metrics below, WORK Medical Technology Group LTD leads on 7 and IRIDEX Corporation on 2.

Valuation

Metric IRIX WOK Medical Devices median
P/E n/m — 22.18
P/S 0.21 — 2.70
P/B n/m n/m 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 0.23 n/m 2.38
Earnings yield (31.75%) — (8.22%)
Free cash flow yield (18.23%) 0.00% (7.80%)

Profitability

Metric IRIX WOK Medical Devices median
Gross margin 35.92% — 56.01%
Operating margin (5.39%) — (15.03%)
Net margin (6.88%) — (20.40%)
Free cash flow margin (3.88%) 0.00% (7.24%)
Return on equity 308.17% 0.00% (15.32%)
Return on assets (12.06%) 0.00% (19.72%)
Return on invested capital (63.07%) 0.00% (10.33%)

Growth

Metric IRIX WOK Medical Devices median
Revenue growth (TTM) 3.68% — 8.80%
EPS growth (last fiscal year) 51.85% 85.65% —
Revenue growth, 5-year CAGR 7.70% — 15.23%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric IRIX WOK Medical Devices median
Debt to equity 1.04 0.20 0.07
Current ratio 1.82 1.37 2.50
Net debt to EBITDA 2.68 (1.46) 0.49

Dividend

Metric IRIX WOK Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 — 0.00

Size

Metric IRIX WOK Medical Devices median
Market cap 11.07m 8.86m 172.91m

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