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 $3.2B against $1.7B — 1.9× the size. Kestra Medical Technologies, Ltd. has negative trailing earnings, so its P/E is not meaningful; Warby Parker Inc. trades at 434×. Kestra Medical Technologies, Ltd. grew revenue faster over the last twelve months: 60.7% against 9.89%. Warby Parker Inc. has the higher net margin (0.80% vs −140.4%) and the higher return on invested capital (0.83% 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 434.17 30.28
P/S 15.35 3.48 2.49
P/B 7.37 8.05 2.34
Price to free cash flow n/m 152.61 23.49
EV/EBITDA n/m 50.18 14.87
EV/Sales 14.16 3.17 2.75
Earnings yield (9.55%) 0.23% 0.00%
Free cash flow yield (7.51%) 0.66% 0.59%

Profitability

Metric KMTS WRBY Medical Instruments & Supplies median
Gross margin 53.89% 54.75% 53.60%
Operating margin (134.48%) 0.16% 1.97%
Net margin (140.43%) 0.80% 0.00%
Free cash flow margin (115.31%) 2.28% 2.36%
Return on equity (73.74%) 1.93% 0.00%
Return on assets (48.85%) 1.00% 0.00%
Return on invested capital (93.49%) 0.83% 0.13%

Growth

Metric KMTS WRBY Medical Instruments & Supplies median
Revenue growth (TTM) 60.72% 9.89% 8.97%
EPS growth (last fiscal year) 52.63% 105.88% 6.51%
Revenue growth, 5-year CAGR — 17.23% 8.85%
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 2.26 2.47
Net debt to EBITDA 1.24 (5.92) 0.97

Dividend

Metric KMTS WRBY Medical Instruments & Supplies median
Dividend yield — — 1.02%
Payout ratio — — 0.27

Size

Metric KMTS WRBY Medical Instruments & Supplies median
Market cap 1.70b 3.22b 1.71b

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