MaxCyte, Inc. (MXCT) vs Quanterix Corporation (QTRX)

MaxCyte, Inc. and Quanterix Corporation are both Medical Devices companies. Quanterix Corporation is the larger, with a market value of $150.4M against $122.8M — 1.2× the size. Quanterix Corporation grew revenue faster over the last twelve months: 22.0% against −13.2%. Quanterix Corporation has the higher net margin (−80.3% vs −114.8%) and the lower return on invested capital (−66.5% vs −49.2%). Across the 17 metrics below, Quanterix Corporation leads on 9 and MaxCyte, Inc. on 8.

Valuation

Metric MXCT QTRX Medical Devices median
P/E n/m n/m 22.18
P/S 4.03 1.01 2.70
P/B 0.79 0.65 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 1.23 0.43 2.38
Earnings yield (28.21%) (80.43%) (8.22%)
Free cash flow yield (18.92%) (52.96%) (7.80%)

Profitability

Metric MXCT QTRX Medical Devices median
Gross margin 79.23% 44.56% 56.01%
Operating margin (134.59%) (99.65%) (15.03%)
Net margin (114.77%) (80.25%) (20.40%)
Free cash flow margin (76.14%) (53.24%) (7.24%)
Return on equity (20.39%) (46.48%) (15.32%)
Return on assets (17.62%) (35.41%) (19.72%)
Return on invested capital (49.23%) (66.50%) (10.33%)

Growth

Metric MXCT QTRX Medical Devices median
Revenue growth (TTM) (13.15%) 21.96% 8.80%
EPS growth (last fiscal year) (7.69%) (151.00%) —
Revenue growth, 5-year CAGR 4.76% 9.97% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MXCT QTRX Medical Devices median
Debt to equity 0.00 0.00 0.07
Current ratio 12.26 3.40 2.50
Net debt to EBITDA 2.21 1.16 0.49

Dividend

Metric MXCT QTRX Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric MXCT QTRX Medical Devices median
Market cap 122.82m 150.39m 172.91m

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