908 Devices Inc. (MASS) vs Shoulder Innovations, Inc. (SI)

908 Devices Inc. and Shoulder Innovations, Inc. are both Medical Devices companies. 908 Devices Inc. and Shoulder Innovations, Inc. are of similar size ($424.1M and $419.5M). Shoulder Innovations, Inc. grew revenue faster over the last twelve months: 59.8% against 13.4%. Shoulder Innovations, Inc. has the higher net margin (−51.7% vs −57.0%) and the higher return on invested capital (−53.6% vs −96.4%). Across the 17 metrics below, 908 Devices Inc. leads on 9 and Shoulder Innovations, Inc. on 8.

Valuation

Metric MASS SI Medical Devices median
P/E n/m n/m 25.58
P/S 6.34 6.62 2.54
P/B 3.04 3.61 2.48
Price to free cash flow 626.96 n/m 28.81
EV/EBITDA n/m n/m 11.51
EV/Sales 4.92 5.42 2.72
Earnings yield (9.20%) (7.91%) (12.82%)
Free cash flow yield 0.16% (10.00%) (8.18%)

Profitability

Metric MASS SI Medical Devices median
Gross margin 52.16% 77.82% 57.76%
Operating margin (63.98%) (54.44%) (15.07%)
Net margin (56.96%) (51.72%) (14.45%)
Free cash flow margin 1.01% (66.19%) (3.88%)
Return on equity (25.15%) (25.05%) (10.35%)
Return on assets (17.81%) (20.63%) (17.26%)
Return on invested capital (96.41%) (53.60%) (5.27%)

Growth

Metric MASS SI Medical Devices median
Revenue growth (TTM) 13.35% 59.81% 10.41%
EPS growth (last fiscal year) 125.47% 98.08% 28.17%
Revenue growth, 5-year CAGR 15.88% — 15.74%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric MASS SI Medical Devices median
Debt to equity 0.00 0.13 0.04
Current ratio 2.67 10.68 2.74
Net debt to EBITDA 3.17 4.79 0.54

Dividend

Metric MASS SI Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.37

Size

Metric MASS SI Medical Devices median
Market cap 419.53m 424.09m 239.53m

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