Treace Medical Concepts, Inc. (TMCI) vs Viemed Healthcare, Inc. (VMD)

Treace Medical Concepts, Inc. and Viemed Healthcare, Inc. are both Medical Devices companies. Viemed Healthcare, Inc. is the larger, with a market value of $335.9M against $295.3M — 1.1× the size. Treace Medical Concepts, Inc. has negative trailing earnings, so its P/E is not meaningful; Viemed Healthcare, Inc. trades at 23.4×. Viemed Healthcare, Inc. grew revenue faster over the last twelve months: 25.2% against −3.95%. Viemed Healthcare, Inc. has the higher net margin (4.81% vs −29.0%) and the higher return on invested capital (10.7% vs −43.0%). Across the 19 metrics below, Viemed Healthcare, Inc. leads on 14 and Treace Medical Concepts, Inc. on 5.

Valuation

Metric TMCI VMD Medical Devices median
P/E n/m 23.45 22.18
P/S 1.43 1.13 2.70
P/B 4.32 2.33 2.46
Price to free cash flow n/m 9.90 22.53
EV/EBITDA n/m 6.15 11.78
EV/Sales 1.48 1.12 2.38
Earnings yield (20.67%) 4.26% (8.22%)
Free cash flow yield (8.56%) 10.10% (7.80%)

Profitability

Metric TMCI VMD Medical Devices median
Gross margin 79.45% 57.47% 56.01%
Operating margin (26.17%) 8.05% (15.03%)
Net margin (28.99%) 4.81% (20.40%)
Free cash flow margin (12.20%) 11.42% (7.24%)
Return on equity (71.99%) 10.08% (15.32%)
Return on assets (30.72%) 7.46% (19.72%)
Return on invested capital (42.96%) 10.66% (10.33%)

Growth

Metric TMCI VMD Medical Devices median
Revenue growth (TTM) (3.95%) 25.21% 8.80%
EPS growth (last fiscal year) (3.33%) 32.14% —
Revenue growth, 5-year CAGR 29.96% 15.53% 15.23%
Net income growth, 5-year CAGR 0.00% (13.88%) 0.00%

Health

Metric TMCI VMD Medical Devices median
Debt to equity 0.83 0.05 0.07
Current ratio 2.90 1.13 2.50
Net debt to EBITDA (0.17) (0.02) 0.49

Dividend

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

Size

Metric TMCI VMD Medical Devices median
Market cap 295.26m 335.94m 172.91m

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