ORTHOFIX MEDICAL INC. (OFIX) vs Treace Medical Concepts, Inc. (TMCI)

ORTHOFIX MEDICAL INC. and Treace Medical Concepts, Inc. are both Medical Devices companies. ORTHOFIX MEDICAL INC. is the larger, with a market value of $373.1M against $295.3M — 1.3× the size. ORTHOFIX MEDICAL INC. grew revenue faster over the last twelve months: 2.99% against −3.95%. ORTHOFIX MEDICAL INC. has the higher net margin (−7.41% vs −29.0%) and the higher return on invested capital (−4.37% vs −43.0%). Across the 18 metrics below, ORTHOFIX MEDICAL INC. leads on 14 and Treace Medical Concepts, Inc. on 4.

Valuation

Metric OFIX TMCI Medical Devices median
P/E n/m n/m 22.18
P/S 0.46 1.43 2.70
P/B 0.90 4.32 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA 26.98 n/m 11.78
EV/Sales 0.63 1.48 2.38
Earnings yield (16.31%) (20.67%) (8.22%)
Free cash flow yield (7.80%) (8.56%) (7.80%)

Profitability

Metric OFIX TMCI Medical Devices median
Gross margin 71.31% 79.45% 56.01%
Operating margin (4.70%) (26.17%) (15.03%)
Net margin (7.41%) (28.99%) (20.40%)
Free cash flow margin (3.34%) (12.20%) (7.24%)
Return on equity (13.91%) (71.99%) (15.32%)
Return on assets (7.22%) (30.72%) (19.72%)
Return on invested capital (4.37%) (42.96%) (10.33%)

Growth

Metric OFIX TMCI Medical Devices median
Revenue growth (TTM) 2.99% (3.95%) 8.80%
EPS growth (last fiscal year) 29.39% (3.33%) —
Revenue growth, 5-year CAGR 15.13% 29.96% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OFIX TMCI Medical Devices median
Debt to equity 0.55 0.83 0.07
Current ratio 2.84 2.90 2.50
Net debt to EBITDA 48.90 (0.17) 0.49

Dividend

Metric OFIX TMCI Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric OFIX TMCI Medical Devices median
Market cap 373.11m 295.26m 172.91m

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