VSee Health, Inc. (VSEED) vs SCWorx Corp. (WORX)

VSee Health, Inc. and SCWorx Corp. are both Health Information Services companies. VSee Health, Inc. is the larger, with a market value of $2.8M against $1.2M — 2.4× the size. VSee Health, Inc. has negative trailing earnings, so its P/E is not meaningful; SCWorx Corp. trades at 0.2×. VSee Health, Inc. grew revenue faster over the last twelve months: 30.5% against 3.08%. VSee Health, Inc. has the higher net margin (−66.1% vs −80.6%) and the lower return on invested capital (−93.7% vs −6.48%). Across the 17 metrics below, SCWorx Corp. leads on 13 and VSee Health, Inc. on 4.

Valuation

Metric VSEED WORX Health Information Services median
P/E n/m 0.24 39.52
P/S 14.42 0.11 2.65
P/B 28.41 0.05 2.32
Price to free cash flow n/m n/m 16.77
EV/EBITDA n/m n/m 12.35
EV/Sales 14.44 (0.32) 3.06
Earnings yield (18.41%) 411.37% (1.68%)
Free cash flow yield (2.95%) (291.86%) 0.54%

Profitability

Metric VSEED WORX Health Information Services median
Gross margin 42.00% 44.67% 63.38%
Operating margin (79.31%) (20.10%) (8.35%)
Net margin (66.11%) (80.55%) (14.70%)
Free cash flow margin (42.15%) (30.88%) 0.58%
Return on equity (1,065.78%) (38.06%) (6.82%)
Return on assets (56.62%) (32.83%) (6.02%)
Return on invested capital (93.65%) (6.48%) 0.00%

Growth

Metric VSEED WORX Health Information Services median
Revenue growth (TTM) 30.51% 3.08% 8.62%
EPS growth (last fiscal year) 87.08% 21.79% —
Revenue growth, 5-year CAGR — (11.21%) 12.36%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric VSEED WORX Health Information Services median
Debt to equity 0.10 0.00 0.01
Current ratio 0.40 2.19 2.37
Net debt to EBITDA 0.67 (1.00) 0.50

Dividend

Metric VSEED WORX Health Information Services median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric VSEED WORX Health Information Services median
Market cap 2.80m 1.19m 352.86m

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