Kestra Medical Technologies, Ltd. (KMTS) vs Warby Parker Inc. (WRBY)

Kestra Medical Technologies, Ltd. and Warby Parker Inc. are both Medical Instruments & Supplies companies. Warby Parker Inc. is the larger, with a market value of $3.0B against $1.7B — 1.8× the size. Kestra Medical Technologies, Ltd. has negative trailing earnings, so its P/E is not meaningful; Warby Parker Inc. trades at 334×. Kestra Medical Technologies, Ltd. grew revenue faster over the last twelve months: 60.7% against 11.0%. Warby Parker Inc. has the higher net margin (0.85% vs −140.4%) and the higher return on invested capital (0.98% vs −93.5%). Across the 17 metrics below, Warby Parker Inc. leads on 14 and Kestra Medical Technologies, Ltd. on 3.

Valuation

Metric KMTS WRBY Medical Instruments & Supplies median
P/E n/m 334.29 33.75
P/S 14.95 3.18 2.52
P/B 7.17 7.40 2.48
Price to free cash flow n/m 133.36 25.19
EV/EBITDA n/m 44.19 14.62
EV/Sales 13.76 2.86 2.88
Earnings yield (9.80%) 0.30% (2.67%)
Free cash flow yield (7.71%) 0.75% 0.09%

Profitability

Metric KMTS WRBY Medical Instruments & Supplies median
Gross margin 53.89% 54.68% 54.29%
Operating margin (134.48%) 0.17% 1.07%
Net margin (140.43%) 0.85% (1.61%)
Free cash flow margin (115.31%) 2.39% 1.08%
Return on equity (73.74%) 2.06% (1.32%)
Return on assets (48.85%) 1.05% 0.00%
Return on invested capital (93.49%) 0.98% 0.00%

Growth

Metric KMTS WRBY Medical Instruments & Supplies median
Revenue growth (TTM) 60.72% 10.99% 8.85%
EPS growth (last fiscal year) 52.63% 105.88% 8.65%
Revenue growth, 5-year CAGR — 17.23% 9.17%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric KMTS WRBY Medical Instruments & Supplies median
Debt to equity 0.33 0.00 0.10
Current ratio 4.69 2.27 2.48
Net debt to EBITDA 1.24 (5.92) 0.89

Dividend

Metric KMTS WRBY Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric KMTS WRBY Medical Instruments & Supplies median
Market cap 1.71b 3.04b 619.84m

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