Medical Devices industry stocks

The Medical Devices industry has 149 US-listed companies on stockrow and is part of the Healthcare sector, with a combined market value of $779.5B. Abbott Laboratories (ABT) is the largest at $174.8B, followed by Medtronic PLC and Stryker Corporation. The median Medical Devices stock trades at 22.2× trailing earnings, above the market median of 17.9×, with a median net margin of −20.4% (market: 0.55%). Median revenue growth over the last twelve months is 8.80%. 13 of the 149 pay a dividend; the median yield among payers is 0.95%.

Medical Devices medians

Metric Industry Market
P/E 22.2× 17.9×
P/S 2.7× 2.0×
P/B 2.5× 1.8×
Price to free cash flow 22.5× 14.0×
EV/EBITDA 11.8× 11.0×
EV/Sales 2.4× 2.2×
Earnings yield −8.22% 1.18%
Free cash flow yield −7.80% 0.48%
Gross margin 56.0% 46.3%
Operating margin −15.0% 0.00%
Net margin −20.4% 0.55%
Free cash flow margin −7.24% 0.00%
Return on equity −15.3% 1.76%
Return on assets −19.7% 0.00%
Return on invested capital −10.3% 0.00%
Revenue growth (TTM) 8.80% 7.41%
Revenue growth, 5-year CAGR 15.2% 8.85%
Net income growth, 5-year CAGR 0.00% 0.00%
Debt to equity 0.1× 0.2×
Current ratio 2.5× 1.6×
Net debt to EBITDA 0.5× 0.6×
Dividend yield 0.94% 2.75%
Payout ratio 0.0× 0.0×
Market cap $172.9M $612.7M

Today’s biggest moves

Up

6.65 0.48 7.78%
10.21 0.33 3.34%
15.72 0.50 3.29%
9.44 0.28 3.06%
8.93 0.25 2.88%

Down

4.34 (0.27) (5.86%)
15.60 (0.48) (2.99%)
10.00 (0.27) (2.61%)
15.84 (0.36) (2.22%)
22.63 (0.40) (1.74%)

All 149 companies

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Ticker Company Market cap Price 1D P/E Net margin Revenue growth Dividend yield
ABT Abbott Laboratories 174.77b 101.29 0.22% 32.78 11.65% 8.06% 1.88%
MDT Medtronic PLC 112.17b 88.64 0.15% 21.73 13.93% 9.77% 3.07%
SYK Stryker Corporation 103.94b 272.36 0.97% 27.99 14.43% 8.48% 0.77%
BSX Boston Scientific Corporation 64.65b 43.92 (1.70%) 17.71 17.50% 13.52% —
EW Edwards Lifesciences Corporation 49.41b 86.29 0.65% 49.59 15.43% 14.55% —
DXCM DexCom, Inc. 32.98b 86.62 (0.97%) 33.44 20.12% 15.54% —
GEHC GE HealthCare Technologies Inc. 29.86b 66.63 0.38% 15.28 9.33% 6.51% 0.13%
PHG Koninklijke Philips N.V. 24.04b 24.96 1.67% 18.23 6.24% 9.11% 4.19%
STE STERIS plc 20.36b 208.93 0.08% 25.45 13.33% 8.37% 0.92%
ZBH Zimmer Biomet Holdings, Inc. 17.11b 91.04 1.48% 22.04 9.48% 8.62% 0.69%
PEN Penumbra, Inc. 12.59b 318.89 (0.26%) 77.97 10.67% 17.55% —
SNN Smith & Nephew SNATS, Inc. 11.17b 26.91 0.86% 32.80 6.71% 4.81% 2.67%
BIO Bio-Rad Laboratories, Inc. 10.41b 381.00 (1.69%) 45.74 8.59% 1.37% —
BIO.B Bio-Rad Laboratories, Inc. 10.33b 365.08 0.00% 43.83 8.59% 1.37% —
GMED Globus Medical, Inc. 9.97b 74.52 0.34% 18.77 17.03% 19.74% —
BRKR Bruker Corporation 9.74b 64.18 0.16% 0.00 (3.05%) 1.65% 0.21%
PODD Insulet Corporation 9.56b 136.13 0.26% 25.44 12.29% 29.41% —
GKOS Glaukos Corporation 9.14b 154.43 (0.29%) 0.00 (30.68%) 41.55% —
HAE Haemonetics Corporation 4.82b 105.30 (0.66%) 51.37 7.12% 0.44% —
ITGR Integer Holdings Corporation 4.29b 126.34 0.12% 34.23 6.97% 2.71% —
LIVN LivaNova PLC 4.16b 76.63 1.44% 22.18 12.81% 12.39% —
IRTC iRhythm Holdings, Inc. 3.65b 110.38 (0.38%) 0.00 (1.69%) 25.58% —
NEOG Neogen Corporation 2.98b 13.76 0.73% 0.00 (0.91%) (2.72%) —
TMDX TransMedics Group, Inc. 2.91b 85.29 1.66% 19.30 22.69% 25.82% —
BFLY Butterfly Network, Inc. 2.58b 9.39 (0.21%) 0.00 (66.74%) 28.13% —
AXGN AxoGen, Inc. 2.54b 43.39 0.16% 0.00 (13.36%) 23.57% —
UFPT UFP Technologies, Inc. 2.31b 295.65 (0.95%) 31.59 11.45% 7.32% —
INSP Inspire Medical Systems, Inc. 1.96b 70.50 2.46% 15.13 15.03% 4.35% —
ESTA Establishment Labs Holdings Inc. 1.95b 65.97 0.59% 0.00 (15.82%) 38.55% —
NVCR NovoCure Limited 1.89b 15.84 (2.22%) 0.00 (21.25%) 10.95% —
ATEC Alphatec Holdings, Inc. 1.53b 10.12 2.02% 0.00 (13.50%) 19.47% —
CNMD CONMED Corporation 1.35b 45.38 0.44% 24.53 4.12% 3.42% 0.95%
IART Integra LifeSciences Holdings Corporation 1.24b 16.12 1.51% 0.00 (0.44%) 1.60% —
BBNX Beta Bionics, Inc. 1.17b 21.51 (1.15%) 0.00 (61.32%) 52.54% —
BVS Bioventus Inc. 1.13b 13.81 2.14% 17.05 9.36% 3.14% —
AORT Artivion, Inc. 1.13b 22.63 (1.74%) 0.00 (0.67%) 16.40% —
IRMD iRadimed Corporation 1.09b 85.76 0.66% 47.12 26.70% 11.21% 0.32%
TNDM Tandem Diabetes Care, Inc. 1.06b 15.72 3.29% 0.00 (6.08%) 3.96% —
ENOV Enovis Corporation 1.05b 18.46 1.04% 0.00 (47.97%) 4.89% —
PRCT PROCEPT BioRobotics Corporation 1.01b 17.20 (1.71%) 0.00 (32.54%) 22.69% —
LMRI Lumexa Imaging Holdings, Inc. 949.22m 10.21 3.34% 0.00 (2.78%) — —
CBLL CeriBell, Inc. 914.17m 23.69 (0.55%) 0.00 (64.73%) 31.70% —
SIBN SiBone 830.04m 18.59 0.38% 0.00 (6.85%) 15.30% —
INMD InMode Ltd. 815.65m 14.26 0.49% 11.41 20.69% (6.71%) —
VREX VAREX IMAGING 784.30m 18.45 (0.11%) 34.81 2.55% 5.31% —
AHCO AdaptHealth Corp. 756.74m 5.64 1.26% 0.00 (6.77%) 8.80% —
CTKB Cytek Biosciences, Inc. 744.80m 5.65 (0.87%) 0.00 (38.98%) 5.44% —
QDEL QuidelOrtho Corporation 733.07m 10.94 1.59% 0.00 (39.20%) (2.46%) —
SSII SS Innovations International, Inc. 591.41m 2.95 0.00% 0.00 (23.73%) 89.71% —
KIDS OrthoPediatrics Corp. 591.13m 22.55 (0.40%) 0.00 (15.72%) 14.49% —
DCTH Delcath Systems, Inc. 557.96m 15.60 (2.99%) 1,560.00 0.56% 35.85% —
SENS Senseonics Holdings, Inc. 546.72m 10.00 (2.61%) 0.00 (225.34%) 90.63% —
BWAY Brainsway Ltd. Sponsored ADR 531.57m 13.31 0.76% 28.93 15.55% 31.71% —
CERS Cerus Corporation 523.96m 2.62 0.38% 0.00 (2.73%) 14.61% —
TCMD Tactile Systems Technology, Inc. 518.51m 22.73 (0.70%) 20.66 7.10% 17.22% —
MASS 908 Devices Inc. 492.69m 11.44 (0.69%) 0.00 (56.96%) 13.35% —
PACB Pacific Biosciences of California, Inc. 484.89m 1.62 2.53% 0.00 (82.49%) 2.02% —
NPCE NeuroPace, Inc. 479.51m 14.06 0.64% 0.00 (18.58%) 21.65% —
SGHT Sight Sciences, Inc. 478.16m 8.93 2.88% 0.00 (35.69%) 9.27% —
CLPT ClearPoint Neuro, Inc. 445.67m 14.83 1.51% 0.00 (81.76%) 25.86% —
OFIX ORTHOFIX MEDICAL INC. 373.11m 9.44 3.06% 0.00 (7.41%) 2.99% —
SI Shoulder Innovations, Inc. 354.13m 16.99 (0.12%) 0.00 (58.33%) 62.93% —
VMD Viemed Healthcare, Inc. 335.94m 8.91 1.02% 23.45 4.81% 25.21% —
CV CapsoVision, Inc. 328.31m 6.65 7.78% 2.09 (214.74%) 16.66% —
TLSI TriSalus Life Sciences, Inc. 303.56m 4.34 (5.86%) 0.00 (127.00%) 25.25% —
TMCI Treace Medical Concepts, Inc. 295.26m 4.50 (0.88%) 0.00 (28.99%) (3.95%) —
LAB Standard BioTools Inc. 291.69m 0.74 0.00% 3.36 100.37% 30.23% —
RCEL Avita Medical Inc. 289.14m 11.84 2.33% 0.00 (56.96%) 1.00% —
CATX Perspective Therapeutics, Inc. 285.38m 2.52 0.80% 0.00 (28,467.97%) (66.88%) —
INFU InfuSystems Holdings, Inc. 252.75m 12.71 0.16% 30.26 5.96% 2.47% —
ELMD Electromed, Inc. 233.08m 27.88 0.07% 20.35 15.32% 15.28% —
STIM Neuronetics, Inc. 214.88m 2.74 (2.84%) 0.00 (19.62%) 39.59% —
PROF Profound Medical 204.57m 5.76 2.86% 0.00 (171.56%) 61.20% —
RXST RxSight, Inc. 196.74m 4.66 (1.48%) 0.00 (36.80%) (13.25%) —
QSI Quantum-Si Incorporated 172.91m 0.83 5.06% 0.00 (6,138.26%) (52.96%) —
LUCD Lucid Diagnostics Inc. 170.32m 0.83 (1.19%) 0.00 (1,193.87%) 24.89% —
QTRX Quanterix Corporation 150.39m 3.27 2.83% 0.00 (80.25%) 21.96% —
OWLT Owlet, Inc. 148.15m 5.04 (0.59%) 0.00 (10.67%) 27.95% —
INGN Inogen, Inc 138.80m 5.36 2.49% 0.00 (6.94%) 3.15% —
MXCT MaxCyte, Inc. 122.82m 1.17 (1.68%) 0.00 (114.77%) (13.15%) —
APYX Apyx Medical Corporation 119.21m 2.96 4.59% 0.00 (14.78%) 25.59% —
ECOR electroCore, Inc. 102.33m 11.12 (2.03%) 0.00 (39.96%) 33.45% —
ZOMDF Zomedica Corp. 95.35m 0.08 14.29% 0.00 (51.39%) 30.05% —
LNSR LENSAR, Inc. 86.92m 6.92 (2.26%) 2.43 57.57% 3.26% —
HYPR Hyperfine, Inc. 84.40m 0.81 1.25% 0.00 (210.75%) 53.16% —
SERA Sera Prognostics, Inc. 83.24m 2.04 (3.32%) 0.00 (47,475.71%) (35.19%) —
LUNG Pulmonx Corporation 81.60m 1.91 0.53% 0.00 (55.03%) (3.43%) —
CVRX CVRx, Inc. 67.40m 2.70 6.72% 0.00 (84.93%) 11.96% —
MYO Myomo, Inc. 64.57m 1.61 (3.59%) 0.00 (33.53%) 6.14% —
OM Outset Medical, Inc. 58.77m 3.05 (2.56%) 0.00 (63.06%) (1.26%) —
TELA TELA Bio, Inc. 57.33m 1.26 (0.79%) 0.00 (51.53%) 6.09% —
RPID Rapid Micro Biosystems, Inc. 55.68m 1.11 0.00% 0.00 (145.55%) 16.13% —
COCH Envoy Medical, Inc. 55.42m 0.72 0.00% 0.00 (13,747.34%) (6.76%) —
NNOX Nano-X Imaging Ltd. 53.44m 0.64 (3.03%) 0.00 (747.20%) 31.52% —
MDAI Spectral AI, Inc. 53.10m 1.59 (1.85%) 0.00 (65.54%) (44.13%) —
XTNT Xtant Medical Holdings, Inc. 52.87m 0.38 0.00% 0.00 (10.17%) (14.28%) —
SRTS Sensus Healthcare, Inc. 47.90m 2.94 1.03% 0.00 (88.45%) (53.39%) —
TLIS Talis Biomedical Corporation 46.27m 2.84 0.00% 0.00 0.00% (65.21%) —
SNWV Sanuwave Health Inc. 41.72m 5.04 3.92% 3.04 34.66% 12.67% —
QTI QT Imaging Holdings, Inc. 37.03m 2.45 (0.40%) 0.00 (77.26%) 220.02% —

Updated 26 September 2026