iRhythm Holdings, Inc. (IRTC) vs Neogen Corporation (NEOG)

iRhythm Holdings, Inc. and Neogen Corporation are both Medical Devices companies. iRhythm Holdings, Inc. is the larger, with a market value of $3.7B against $3.0B — 1.2× the size. iRhythm Holdings, Inc. grew revenue faster over the last twelve months: 25.6% against −2.72%. Neogen Corporation has the higher net margin (−0.91% vs −1.69%) and the higher return on invested capital (−0.50% vs −6.32%). Across the 19 metrics below, Neogen Corporation leads on 12 and iRhythm Holdings, Inc. on 7.

Valuation

Metric IRTC NEOG Medical Devices median
P/E n/m n/m 22.18
P/S 4.40 3.44 2.70
P/B 19.52 1.43 2.46
Price to free cash flow 93.15 93.53 22.53
EV/EBITDA 2,470.56 35.39 11.78
EV/Sales 4.49 4.16 2.38
Earnings yield (0.39%) (0.22%) (8.22%)
Free cash flow yield 1.07% 1.07% (7.80%)

Profitability

Metric IRTC NEOG Medical Devices median
Gross margin 71.45% 46.93% 56.01%
Operating margin (3.01%) (2.48%) (15.03%)
Net margin (1.69%) (0.91%) (20.40%)
Free cash flow margin 4.72% 3.68% (7.24%)
Return on equity (9.63%) (0.38%) (15.32%)
Return on assets (1.36%) (0.23%) (19.72%)
Return on invested capital (6.32%) (0.50%) (10.33%)

Growth

Metric IRTC NEOG Medical Devices median
Revenue growth (TTM) 25.58% (2.72%) 8.80%
EPS growth (last fiscal year) 61.71% 99.20% —
Revenue growth, 5-year CAGR 23.02% 13.19% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric IRTC NEOG Medical Devices median
Debt to equity 3.50 0.38 0.07
Current ratio 3.86 3.82 2.50
Net debt to EBITDA (2.12) 5.95 0.49

Dividend

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

Size

Metric IRTC NEOG Medical Devices median
Market cap 3.65b 2.98b 172.91m

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