iRadimed Corporation (IRMD) vs QuidelOrtho Corporation (QDEL)

iRadimed Corporation and QuidelOrtho Corporation are both Medical Devices companies. iRadimed Corporation is the larger, with a market value of $1.1B against $880.5M — 1.2× the size. QuidelOrtho Corporation has negative trailing earnings, so its P/E is not meaningful; iRadimed Corporation trades at 44.9×. iRadimed Corporation grew revenue faster over the last twelve months: 11.0% against −4.47%. iRadimed Corporation has the higher net margin (26.9% vs −14.2%) and the higher return on invested capital (41.8% vs −1.75%). Across the 20 metrics below, iRadimed Corporation leads on 15 and QuidelOrtho Corporation on 5.

Valuation

Metric IRMD QDEL Medical Devices median
P/E 44.90 n/m 25.58
P/S 12.15 0.34 2.54
P/B 10.19 0.50 2.48
Price to free cash flow 44.05 n/m 28.81
EV/EBITDA 33.49 10.86 11.51
EV/Sales 11.44 1.41 2.72
Earnings yield 2.23% (42.13%) (12.82%)
Free cash flow yield 2.27% (13.40%) (8.18%)

Profitability

Metric IRMD QDEL Medical Devices median
Gross margin 75.51% 44.22% 57.76%
Operating margin 32.30% (4.91%) (15.07%)
Net margin 26.85% (14.24%) (14.45%)
Free cash flow margin 28.66% (4.55%) (3.88%)
Return on equity 23.42% (19.29%) (10.35%)
Return on assets 20.34% (6.45%) (17.26%)
Return on invested capital 41.79% (1.75%) (5.27%)

Growth

Metric IRMD QDEL Medical Devices median
Revenue growth (TTM) 10.97% (4.47%) 10.41%
EPS growth (last fiscal year) 16.67% 44.66% 28.17%
Revenue growth, 5-year CAGR 21.45% 10.44% 15.74%
Net income growth, 5-year CAGR 75.02% 0.00% 0.00%

Health

Metric IRMD QDEL Medical Devices median
Debt to equity 0.00 1.64 0.04
Current ratio 8.99 1.36 2.74
Net debt to EBITDA (1.87) 11.10 0.54

Dividend

Metric IRMD QDEL Medical Devices median
Dividend yield 0.91% — 1.02%
Payout ratio 0.41 — 0.37

Size

Metric IRMD QDEL Medical Devices median
Market cap 1.09b 880.51m 239.53m

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