Insulet Corporation (PODD) vs Zimmer Biomet Holdings, Inc. (ZBH)

Insulet Corporation and Zimmer Biomet Holdings, Inc. are both Medical Devices companies. Zimmer Biomet Holdings, Inc. is the larger, with a market value of $20.4B against $10.8B — 1.9× the size. Insulet Corporation trades at the lower P/E: 25.2× against 26.9×. Insulet Corporation grew revenue faster over the last twelve months: 26.5% against 6.98%. Insulet Corporation has the higher net margin (13.5% vs 8.95%) and the higher return on invested capital (18.8% vs 3.66%). Across the 22 metrics below, Insulet Corporation leads on 13 and Zimmer Biomet Holdings, Inc. on 9.

Valuation

Metric PODD ZBH Medical Devices median
P/E 25.23 26.87 25.58
P/S 3.37 2.37 2.54
P/B 7.56 1.61 2.48
Price to free cash flow 46.37 18.22 28.81
EV/EBITDA 16.05 12.10 11.51
EV/Sales 3.49 3.20 2.72
Earnings yield 3.96% 3.72% (12.82%)
Free cash flow yield 2.16% 5.49% (8.18%)

Profitability

Metric PODD ZBH Medical Devices median
Gross margin 71.88% 69.68% 57.76%
Operating margin 18.43% 13.55% (15.07%)
Net margin 13.45% 8.95% (14.45%)
Free cash flow margin 8.15% 13.02% (3.88%)
Return on equity 28.94% 6.02% (10.35%)
Return on assets 13.31% 3.26% (17.26%)
Return on invested capital 18.77% 3.66% (5.27%)

Growth

Metric PODD ZBH Medical Devices median
Revenue growth (TTM) 26.46% 6.98% 10.41%
EPS growth (last fiscal year) (39.79%) (19.86%) 28.17%
Revenue growth, 5-year CAGR 24.53% 6.08% 15.74%
Net income growth, 5-year CAGR 105.15% 0.00% 0.00%

Health

Metric PODD ZBH Medical Devices median
Debt to equity 0.61 0.59 0.04
Current ratio 2.51 1.46 2.74
Net debt to EBITDA 0.41 3.16 0.54

Dividend

Metric PODD ZBH Medical Devices median
Dividend yield — 0.90% 1.02%
Payout ratio — 0.24 0.37

Size

Metric PODD ZBH Medical Devices median
Market cap 10.83b 20.38b 239.53m

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