Integer Holdings Corporation (ITGR) vs Neogen Corporation (NEOG)

Integer Holdings Corporation and Neogen Corporation are both Medical Devices companies. Integer Holdings Corporation is the larger, with a market value of $4.3B against $3.0B — 1.4× the size. Neogen Corporation has negative trailing earnings, so its P/E is not meaningful; Integer Holdings Corporation trades at 34.2×. Integer Holdings Corporation grew revenue faster over the last twelve months: 2.71% against −2.72%. Integer Holdings Corporation has the higher net margin (6.97% vs −0.91%) and the higher return on invested capital (3.74% vs −0.50%). Across the 21 metrics below, Integer Holdings Corporation leads on 15 and Neogen Corporation on 6.

Valuation

Metric ITGR NEOG Medical Devices median
P/E 34.23 n/m 22.18
P/S 2.33 3.44 2.70
P/B 2.50 1.43 2.46
Price to free cash flow 38.71 93.53 22.53
EV/EBITDA 17.21 35.39 11.78
EV/Sales 3.02 4.16 2.38
Earnings yield 2.92% (0.22%) (8.22%)
Free cash flow yield 2.58% 1.07% (7.80%)

Profitability

Metric ITGR NEOG Medical Devices median
Gross margin 25.68% 46.93% 56.01%
Operating margin 9.70% (2.48%) (15.03%)
Net margin 6.97% (0.91%) (20.40%)
Free cash flow margin 6.07% 3.68% (7.24%)
Return on equity 7.50% (0.38%) (15.32%)
Return on assets 3.78% (0.23%) (19.72%)
Return on invested capital 3.74% (0.50%) (10.33%)

Growth

Metric ITGR NEOG Medical Devices median
Revenue growth (TTM) 2.71% (2.72%) 8.80%
EPS growth (last fiscal year) (13.99%) 99.20% —
Revenue growth, 5-year CAGR 11.54% 13.19% 15.23%
Net income growth, 5-year CAGR 5.88% 0.00% 0.00%

Health

Metric ITGR NEOG Medical Devices median
Debt to equity 0.75 0.38 0.07
Current ratio 3.73 3.82 2.50
Net debt to EBITDA 3.33 5.95 0.49

Dividend

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

Size

Metric ITGR NEOG Medical Devices median
Market cap 4.29b 2.98b 172.91m

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