Tactile Systems Technology, Inc. (TCMD) vs VAREX IMAGING (VREX)

Tactile Systems Technology, Inc. and VAREX IMAGING are both Medical Devices companies. VAREX IMAGING is the larger, with a market value of $783.0M against $590.7M — 1.3× the size. Tactile Systems Technology, Inc. trades at the lower P/E: 25.2× against 34.8×. Tactile Systems Technology, Inc. grew revenue faster over the last twelve months: 14.4% against 5.31%. Tactile Systems Technology, Inc. has the higher net margin (6.68% vs 2.55%) and the higher return on invested capital (15.3% vs 5.95%). Across the 20 metrics below, Tactile Systems Technology, Inc. leads on 16 and VAREX IMAGING on 4.

Valuation

Metric TCMD VREX Medical Devices median
P/E 25.17 34.81 25.58
P/S 1.67 0.90 2.54
P/B 2.62 1.52 2.48
Price to free cash flow 20.66 n/m 28.81
EV/EBITDA 13.03 10.15 11.51
EV/Sales 1.48 1.18 2.72
Earnings yield 3.97% 2.87% (12.82%)
Free cash flow yield 4.84% (2.60%) (8.18%)

Profitability

Metric TCMD VREX Medical Devices median
Gross margin 77.00% 34.32% 57.76%
Operating margin 9.44% 8.35% (15.07%)
Net margin 6.68% 2.55% (14.45%)
Free cash flow margin 8.10% (2.34%) (3.88%)
Return on equity 11.02% 4.51% (10.35%)
Return on assets 8.65% 2.03% (17.26%)
Return on invested capital 15.33% 5.95% (5.27%)

Growth

Metric TCMD VREX Medical Devices median
Revenue growth (TTM) 14.41% 5.31% 10.41%
EPS growth (last fiscal year) 17.14% (45.30%) 28.17%
Revenue growth, 5-year CAGR 11.98% 2.73% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TCMD VREX Medical Devices median
Debt to equity 0.00 0.68 0.04
Current ratio 3.51 3.38 2.74
Net debt to EBITDA (2.76) 2.21 0.54

Dividend

Metric TCMD VREX Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.37

Size

Metric TCMD VREX Medical Devices median
Market cap 590.72m 783.03m 239.53m

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