iRhythm Holdings, Inc. (IRTC) vs UFP Technologies, Inc. (UFPT)

iRhythm Holdings, Inc. and UFP Technologies, Inc. are both Medical Devices companies. iRhythm Holdings, Inc. is the larger, with a market value of $3.7B against $2.3B — 1.6× the size. iRhythm Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; UFP Technologies, Inc. trades at 31.6×. iRhythm Holdings, Inc. grew revenue faster over the last twelve months: 25.6% against 7.32%. UFP Technologies, Inc. has the higher net margin (11.5% vs −1.69%) and the higher return on invested capital (10.3% vs −6.32%). Across the 21 metrics below, UFP Technologies, Inc. leads on 16 and iRhythm Holdings, Inc. on 5.

Valuation

Metric IRTC UFPT Medical Devices median
P/E n/m 31.59 22.18
P/S 4.40 3.62 2.70
P/B 19.52 4.95 2.46
Price to free cash flow 93.15 37.21 22.53
EV/EBITDA 2,470.56 20.78 11.78
EV/Sales 4.49 3.82 2.38
Earnings yield (0.39%) 3.17% (8.22%)
Free cash flow yield 1.07% 2.69% (7.80%)

Profitability

Metric IRTC UFPT Medical Devices median
Gross margin 71.45% 28.50% 56.01%
Operating margin (3.01%) 15.25% (15.03%)
Net margin (1.69%) 11.45% (20.40%)
Free cash flow margin 4.72% 9.74% (7.24%)
Return on equity (9.63%) 17.05% (15.32%)
Return on assets (1.36%) 10.98% (19.72%)
Return on invested capital (6.32%) 10.29% (10.33%)

Growth

Metric IRTC UFPT Medical Devices median
Revenue growth (TTM) 25.58% 7.32% 8.80%
EPS growth (last fiscal year) 61.71% 15.44% —
Revenue growth, 5-year CAGR 23.02% 27.43% 15.23%
Net income growth, 5-year CAGR 0.00% 38.57% 0.00%

Health

Metric IRTC UFPT Medical Devices median
Debt to equity 3.50 0.28 0.07
Current ratio 3.86 3.00 2.50
Net debt to EBITDA (2.12) 1.16 0.49

Dividend

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

Size

Metric IRTC UFPT Medical Devices median
Market cap 3.65b 2.31b 172.91m

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