908 Devices Inc. (MASS) vs Tactile Systems Technology, Inc. (TCMD)

908 Devices Inc. and Tactile Systems Technology, Inc. are both Medical Devices companies. 908 Devices Inc. and Tactile Systems Technology, Inc. are of similar size ($518.5M and $492.7M). 908 Devices Inc. has negative trailing earnings, so its P/E is not meaningful; Tactile Systems Technology, Inc. trades at 20.7×. Tactile Systems Technology, Inc. grew revenue faster over the last twelve months: 17.2% against 13.4%. Tactile Systems Technology, Inc. has the higher net margin (7.10% vs −57.0%) and the higher return on invested capital (15.7% vs −96.4%). Across the 18 metrics below, Tactile Systems Technology, Inc. leads on 16 and 908 Devices Inc. on 2.

Valuation

Metric MASS TCMD Medical Devices median
P/E n/m 20.66 22.18
P/S 7.09 1.47 2.70
P/B 3.40 2.30 2.46
Price to free cash flow 701.80 19.33 22.53
EV/EBITDA n/m 10.84 11.78
EV/Sales 5.53 1.29 2.38
Earnings yield (8.22%) 4.84% (8.22%)
Free cash flow yield 0.14% 5.17% (7.80%)

Profitability

Metric MASS TCMD Medical Devices median
Gross margin 52.16% 76.78% 56.01%
Operating margin (63.98%) 10.00% (15.03%)
Net margin (56.96%) 7.10% (20.40%)
Free cash flow margin 1.01% 7.61% (7.24%)
Return on equity (25.15%) 11.88% (15.32%)
Return on assets (17.81%) 9.00% (19.72%)
Return on invested capital (96.41%) 15.74% (10.33%)

Growth

Metric MASS TCMD Medical Devices median
Revenue growth (TTM) 13.35% 17.22% 8.80%
EPS growth (last fiscal year) 125.47% 17.14% —
Revenue growth, 5-year CAGR 15.88% 11.98% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MASS TCMD Medical Devices median
Debt to equity 0.00 0.00 0.07
Current ratio 2.67 4.12 2.50
Net debt to EBITDA 3.17 (2.76) 0.49

Dividend

Metric MASS TCMD Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric MASS TCMD Medical Devices median
Market cap 492.69m 518.51m 172.91m

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