Spectral AI, Inc. (MDAI) vs Outset Medical, Inc. (OM)

Spectral AI, Inc. and Outset Medical, Inc. are both Medical Devices companies. Outset Medical, Inc. is the larger, with a market value of $58.8M against $53.1M — 1.1× the size. Outset Medical, Inc. grew revenue faster over the last twelve months: −1.26% against −44.1%. Outset Medical, Inc. has the higher net margin (−63.1% vs −65.5%) and the lower return on invested capital (−86.1% vs 0.00%). Across the 16 metrics below, Outset Medical, Inc. leads on 10 and Spectral AI, Inc. on 6.

Valuation

Metric MDAI OM Medical Devices median
P/E n/m n/m 22.18
P/S 3.31 0.48 2.70
P/B n/m 0.59 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 3.12 0.08 2.38
Earnings yield (20.95%) (134.10%) (8.22%)
Free cash flow yield (25.25%) (68.46%) (7.80%)

Profitability

Metric MDAI OM Medical Devices median
Gross margin 42.92% 41.76% 56.01%
Operating margin (77.17%) (56.06%) (15.03%)
Net margin (65.54%) (63.06%) (20.40%)
Free cash flow margin (83.66%) (33.00%) (7.24%)
Return on equity 95.15% (60.09%) (15.32%)
Return on assets (56.92%) (27.97%) (19.72%)
Return on invested capital 0.00% (86.10%) (10.33%)

Growth

Metric MDAI OM Medical Devices median
Revenue growth (TTM) (44.13%) (1.26%) 8.80%
EPS growth (last fiscal year) 65.88% 85.44% —
Revenue growth, 5-year CAGR — 19.06% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MDAI OM Medical Devices median
Debt to equity (0.92) 1.03 0.07
Current ratio 0.90 5.19 2.50
Net debt to EBITDA 1.31 1.13 0.49

Dividend

Metric MDAI OM Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric MDAI OM Medical Devices median
Market cap 53.10m 58.77m 172.91m

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