Tenon Medical, Inc. (TNON) vs VolitionRX Limited (VNRX)

Tenon Medical, Inc. and VolitionRX Limited are both Medical Devices companies. VolitionRX Limited is the larger, with a market value of $5.3M against $4.4M — 1.2× the size. VolitionRX Limited grew revenue faster over the last twelve months: 86.3% against 80.3%. Tenon Medical, Inc. has the higher net margin (−257.9% vs −1,043.1%) and the higher return on invested capital (0.00% vs 0.00%). Across the 16 metrics below, Tenon Medical, Inc. leads on 9 and VolitionRX Limited on 7.

Valuation

Metric TNON VNRX Medical Devices median
P/E n/m n/m 24.94
P/S 0.10 0.74 2.66
P/B n/m n/m 2.36
Price to free cash flow n/m n/m 28.12
EV/EBITDA 0.07 n/m 11.42
EV/Sales (0.15) 4.08 2.76
Earnings yield (2,829.98%) (1,910.00%) (12.66%)
Free cash flow yield (2,355.46%) (1,085.81%) (7.18%)

Profitability

Metric TNON VNRX Medical Devices median
Gross margin 66.81% 100.00% 57.76%
Operating margin (242.70%) (790.20%) (14.84%)
Net margin (257.85%) (1,043.08%) (14.45%)
Free cash flow margin (241.43%) (796.73%) (5.70%)
Return on equity 1,475.97% 76.95% (10.56%)
Return on assets (130.22%) (301.54%) (17.26%)
Return on invested capital 0.00% 0.00% (5.22%)

Growth

Metric TNON VNRX Medical Devices median
Revenue growth (TTM) 80.25% 86.32% 10.41%
EPS growth (last fiscal year) 84.90% 29.03% 28.17%
Revenue growth, 5-year CAGR 145.98% 164.28% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric TNON VNRX Medical Devices median
Debt to equity 0.00 (0.33) 0.04
Current ratio 0.58 0.30 2.67
Net debt to EBITDA 0.31 (0.52) 0.54

Dividend

Metric TNON VNRX Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.38

Size

Metric TNON VNRX Medical Devices median
Market cap 4.41m 5.28m 221.84m

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