Nutex Health Inc. (NUTX) vs Surgery Partners, Inc. (SGRY)

Nutex Health Inc. and Surgery Partners, Inc. are both Medical Care Facilities companies. Surgery Partners, Inc. is the larger, with a market value of $1.9B against $1.4B — 1.3× the size. Surgery Partners, Inc. has negative trailing earnings, so its P/E is not meaningful; Nutex Health Inc. trades at 8.4×. Nutex Health Inc. grew revenue faster over the last twelve months: 6.88% against 3.99%. Nutex Health Inc. has the higher net margin (21.3% vs −2.63%) and the higher return on invested capital (37.9% vs 3.61%). Across the 21 metrics below, Nutex Health Inc. leads on 16 and Surgery Partners, Inc. on 5.

Valuation

Metric NUTX SGRY Medical Care Facilities median
P/E 8.45 n/m 19.16
P/S 1.79 0.55 0.90
P/B 2.98 0.60 2.91
Price to free cash flow 5.52 9.69 12.62
EV/EBITDA 4.17 9.24 10.06
EV/Sales 1.90 1.60 1.35
Earnings yield 11.83% (4.86%) 2.30%
Free cash flow yield 18.13% 10.32% 4.14%

Profitability

Metric NUTX SGRY Medical Care Facilities median
Gross margin 51.26% 22.51% 30.78%
Operating margin 43.02% 12.06% 5.74%
Net margin 21.25% (2.63%) 2.32%
Free cash flow margin 32.38% 5.69% 5.46%
Return on equity 42.63% (2.83%) 8.76%
Return on assets 19.93% (1.11%) 2.18%
Return on invested capital 37.92% 3.61% 5.40%

Growth

Metric NUTX SGRY Medical Care Facilities median
Revenue growth (TTM) 6.88% 3.99% 7.12%
EPS growth (last fiscal year) 7.93% 54.14% —
Revenue growth, 5-year CAGR 26.14% 12.21% 9.58%
Net income growth, 5-year CAGR (7.75%) 0.00% 0.00%

Health

Metric NUTX SGRY Medical Care Facilities median
Debt to equity 0.59 1.21 0.30
Current ratio 5.00 1.95 1.22
Net debt to EBITDA 0.43 5.88 1.32

Dividend

Metric NUTX SGRY Medical Care Facilities median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric NUTX SGRY Medical Care Facilities median
Market cap 1.40b 1.86b 1.34b

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