LeMaitre Vascular, Inc. (LMAT) vs Envista Holdings Corporation (NVST)

LeMaitre Vascular, Inc. and Envista Holdings Corporation are both Medical Instruments & Supplies companies. Envista Holdings Corporation is the larger, with a market value of $3.8B against $1.9B — 2.0× the size. LeMaitre Vascular, Inc. trades at the lower P/E: 27.9× against 38.8×. Envista Holdings Corporation grew revenue faster over the last twelve months: 11.9% against 11.9%. LeMaitre Vascular, Inc. has the higher net margin (25.0% vs 3.33%) and the higher return on invested capital (22.7% vs 5.05%). Across the 22 metrics below, LeMaitre Vascular, Inc. leads on 14 and Envista Holdings Corporation on 8.

Valuation

Metric LMAT NVST Medical Instruments & Supplies median
P/E 27.87 38.81 33.75
P/S 7.04 1.30 2.52
P/B 4.40 1.21 2.48
Price to free cash flow 25.03 14.89 25.19
EV/EBITDA 18.52 9.64 14.62
EV/Sales 6.26 1.45 2.88
Earnings yield 3.59% 2.58% (2.67%)
Free cash flow yield 3.99% 6.72% 0.09%

Profitability

Metric LMAT NVST Medical Instruments & Supplies median
Gross margin 72.90% 55.24% 54.29%
Operating margin 29.46% 9.58% 1.07%
Net margin 25.02% 3.33% (1.61%)
Free cash flow margin 28.13% 8.72% 1.08%
Return on equity 16.77% 3.06% (1.32%)
Return on assets 10.78% 1.69% 0.00%
Return on invested capital 22.67% 5.05% 0.00%

Growth

Metric LMAT NVST Medical Instruments & Supplies median
Revenue growth (TTM) 11.85% 11.89% 8.85%
EPS growth (last fiscal year) 30.57% 104.31% 8.65%
Revenue growth, 5-year CAGR 14.05% 7.11% 9.17%
Net income growth, 5-year CAGR 22.16% 7.13% 0.00%

Health

Metric LMAT NVST Medical Instruments & Supplies median
Debt to equity 0.40 0.47 0.10
Current ratio 16.31 2.43 2.48
Net debt to EBITDA (2.40) 0.64 0.89

Dividend

Metric LMAT NVST Medical Instruments & Supplies median
Dividend yield 1.18% — 1.11%
Payout ratio 0.33 — 0.27

Size

Metric LMAT NVST Medical Instruments & Supplies median
Market cap 1.90b 3.77b 619.84m

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