iRhythm Holdings, Inc. (IRTC) vs Integer Holdings Corporation (ITGR)

iRhythm Holdings, Inc. and Integer Holdings Corporation are both Medical Devices companies. Integer Holdings Corporation is the larger, with a market value of $4.3B against $3.7B — 1.2× the size. iRhythm Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Integer Holdings Corporation trades at 34.2×. iRhythm Holdings, Inc. grew revenue faster over the last twelve months: 25.6% against 2.71%. Integer Holdings Corporation has the higher net margin (6.97% vs −1.69%) and the higher return on invested capital (3.74% vs −6.32%). Across the 21 metrics below, Integer Holdings Corporation leads on 15 and iRhythm Holdings, Inc. on 6.

Valuation

Metric IRTC ITGR Medical Devices median
P/E n/m 34.23 22.18
P/S 4.40 2.33 2.70
P/B 19.52 2.50 2.46
Price to free cash flow 93.15 38.71 22.53
EV/EBITDA 2,470.56 17.21 11.78
EV/Sales 4.49 3.02 2.38
Earnings yield (0.39%) 2.92% (8.22%)
Free cash flow yield 1.07% 2.58% (7.80%)

Profitability

Metric IRTC ITGR Medical Devices median
Gross margin 71.45% 25.68% 56.01%
Operating margin (3.01%) 9.70% (15.03%)
Net margin (1.69%) 6.97% (20.40%)
Free cash flow margin 4.72% 6.07% (7.24%)
Return on equity (9.63%) 7.50% (15.32%)
Return on assets (1.36%) 3.78% (19.72%)
Return on invested capital (6.32%) 3.74% (10.33%)

Growth

Metric IRTC ITGR Medical Devices median
Revenue growth (TTM) 25.58% 2.71% 8.80%
EPS growth (last fiscal year) 61.71% (13.99%) —
Revenue growth, 5-year CAGR 23.02% 11.54% 15.23%
Net income growth, 5-year CAGR 0.00% 5.88% 0.00%

Health

Metric IRTC ITGR Medical Devices median
Debt to equity 3.50 0.75 0.07
Current ratio 3.86 3.73 2.50
Net debt to EBITDA (2.12) 3.33 0.49

Dividend

Metric IRTC ITGR Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric IRTC ITGR Medical Devices median
Market cap 3.65b 4.29b 172.91m

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