Pacific Biosciences of California, Inc. (PACB) vs Tactile Systems Technology, Inc. (TCMD)

Pacific Biosciences of California, Inc. and Tactile Systems Technology, Inc. are both Medical Devices companies. Pacific Biosciences of California, Inc. and Tactile Systems Technology, Inc. are of similar size ($518.5M and $484.9M). Pacific Biosciences of California, Inc. has negative trailing earnings, so its P/E is not meaningful; Tactile Systems Technology, Inc. trades at 20.7×. Tactile Systems Technology, Inc. grew revenue faster over the last twelve months: 17.2% against 2.02%. Tactile Systems Technology, Inc. has the higher net margin (7.10% vs −82.5%) and the higher return on invested capital (15.7% vs −22.2%). Across the 17 metrics below, Tactile Systems Technology, Inc. leads on 14 and Pacific Biosciences of California, Inc. on 3.

Valuation

Metric PACB TCMD Medical Devices median
P/E n/m 20.66 22.18
P/S 3.16 1.47 2.70
P/B n/m 2.30 2.46
Price to free cash flow n/m 19.33 22.53
EV/EBITDA n/m 10.84 11.78
EV/Sales 5.72 1.29 2.38
Earnings yield (26.54%) 4.84% (8.22%)
Free cash flow yield (15.99%) 5.17% (7.80%)

Profitability

Metric PACB TCMD Medical Devices median
Gross margin 36.38% 76.78% 56.01%
Operating margin (83.53%) 10.00% (15.03%)
Net margin (82.49%) 7.10% (20.40%)
Free cash flow margin (50.53%) 7.61% (7.24%)
Return on equity (929.31%) 11.88% (15.32%)
Return on assets (16.66%) 9.00% (19.72%)
Return on invested capital (22.22%) 15.74% (10.33%)

Growth

Metric PACB TCMD Medical Devices median
Revenue growth (TTM) 2.02% 17.22% 8.80%
EPS growth (last fiscal year) (69.38%) 17.14% —
Revenue growth, 5-year CAGR 15.19% 11.98% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PACB TCMD Medical Devices median
Debt to equity (19.40) 0.00 0.07
Current ratio 4.92 4.12 2.50
Net debt to EBITDA (2.33) (2.76) 0.49

Dividend

Metric PACB TCMD Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric PACB TCMD Medical Devices median
Market cap 484.89m 518.51m 172.91m

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