Spectral AI, Inc. (MDAI) vs Xtant Medical Holdings, Inc. (XTNT)

Spectral AI, Inc. and Xtant Medical Holdings, Inc. are both Medical Devices companies. Spectral AI, Inc. and Xtant Medical Holdings, Inc. are of similar size ($53.1M and $52.9M). Xtant Medical Holdings, Inc. grew revenue faster over the last twelve months: −14.3% against −44.1%. Xtant Medical Holdings, Inc. has the higher net margin (−10.2% vs −65.5%) and the lower return on invested capital (−12.4% vs 0.00%). Across the 15 metrics below, Xtant Medical Holdings, Inc. leads on 12 and Spectral AI, Inc. on 3.

Valuation

Metric MDAI XTNT Medical Devices median
P/E n/m n/m 22.18
P/S 3.31 0.49 2.70
P/B n/m 1.33 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 0.60 2.38
Earnings yield (20.95%) (20.95%) (8.22%)
Free cash flow yield (25.25%) (0.86%) (7.80%)

Profitability

Metric MDAI XTNT Medical Devices median
Gross margin 42.92% 59.39% 56.01%
Operating margin (77.17%) (9.58%) (15.03%)
Net margin (65.54%) (10.17%) (20.40%)
Free cash flow margin (83.66%) (0.42%) (7.24%)
Return on equity 95.15% (25.16%) (15.32%)
Return on assets (56.92%) (12.16%) (19.72%)
Return on invested capital 0.00% (12.43%) (10.33%)

Growth

Metric MDAI XTNT Medical Devices median
Revenue growth (TTM) (44.13%) (14.28%) 8.80%
EPS growth (last fiscal year) 65.88% 125.00% —
Revenue growth, 5-year CAGR — 20.22% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MDAI XTNT Medical Devices median
Debt to equity (0.92) 0.57 0.07
Current ratio 0.90 2.16 2.50
Net debt to EBITDA 1.31 0.65 0.49

Dividend

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

Size

Metric MDAI XTNT Medical Devices median
Market cap 53.10m 52.87m 172.91m

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