Medical - Devices
Compare Stocks
3 / 10Stock Comparison
AVR vs NVCR vs TMCI
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Devices
AVR vs NVCR vs TMCI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | Medical - Devices | Medical - Instruments & Supplies | Medical - Devices |
| Market Cap | $237M | $2.04B | $130M |
| Revenue (TTM) | $2M | $674M | $207M |
| Net Income (TTM) | $-84M | $-173M | $-61M |
| Gross Margin | 67.9% | 75.2% | 79.7% |
| Operating Margin | -40.2% | -27.2% | -26.9% |
| Total Debt | $1M | $290M | $14M |
| Cash & Equiv. | $70M | $103M | $11M |
AVR vs NVCR vs TMCI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 24 | May 26 | Return |
|---|---|---|---|
| Anteris Technologie… (AVR) | 100 | 117.9 | +17.9% |
| NovoCure Limited (NVCR) | 100 | 60.0 | -40.0% |
| Treace Medical Conc… (TMCI) | 100 | 27.0 | -73.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AVR vs NVCR vs TMCI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AVR is the clearest fit if your priority is income & stability and sleep-well-at-night.
- beta 2.14
- Lower volatility, beta 2.14, Low D/E 2.2%, current ratio 4.51x
- Beta 2.14, current ratio 4.51x
NVCR carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 8.3%, EPS growth 21.8%, 3Y rev CAGR 6.8%
- 38.5% 10Y total return vs AVR's 17.5%
- 8.3% revenue growth vs AVR's -1.2%
TMCI plays a supporting role in this comparison — it may shine differently against other peers.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.3% revenue growth vs AVR's -1.2% | |
| Quality / Margins | -25.7% margin vs AVR's -39.4% | |
| Stability / Safety | Beta 2.14 vs TMCI's 2.19, lower leverage | |
| Dividends | Tie | None of these 3 stocks pay a meaningful dividend |
| Momentum (1Y) | +50.2% vs TMCI's -73.3% | |
| Efficiency (ROA) | -16.5% ROA vs AVR's -442.1% |
AVR vs NVCR vs TMCI — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — NVCR and TMCI each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NVCR is the larger business by revenue, generating $674M annually — 315.3x AVR's $2M. NVCR is the more profitable business, keeping -25.7% of every revenue dollar as net income compared to AVR's -39.4%. On growth, NVCR holds the edge at +12.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $2M | $674M | $207M |
| EBITDAEarnings before interest/tax | -$84M | -$165M | -$48M |
| Net IncomeAfter-tax profit | -$84M | -$173M | -$61M |
| Free Cash FlowCash after capex | -$79M | -$48M | -$26M |
| Gross MarginGross profit ÷ Revenue | +67.9% | +75.2% | +79.7% |
| Operating MarginEBIT ÷ Revenue | -40.2% | -27.2% | -26.9% |
| Net MarginNet income ÷ Revenue | -39.4% | -25.7% | -29.4% |
| FCF MarginFCF ÷ Revenue | -37.1% | -7.1% | -12.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -44.2% | +12.3% | -10.2% |
| EPS Growth (YoY)Latest quarter vs prior year | -54.1% | -100.0% | -12.0% |
Valuation Metrics
TMCI leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $237M | $2.0B | $130M |
| Enterprise ValueMkt cap + debt − cash | $168M | $2.2B | $133M |
| Trailing P/EPrice ÷ TTM EPS | -1.75x | -14.66x | -2.16x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — |
| Price / SalesMarket cap ÷ Revenue | 87.79x | 3.11x | 0.61x |
| Price / BookPrice ÷ Book value/share | 2.13x | 5.86x | 1.46x |
| Price / FCFMarket cap ÷ FCF | — | — | — |
Profitability & Efficiency
Evenly matched — AVR and NVCR each lead in 4 of 9 comparable metrics.
Profitability & Efficiency
NVCR delivers a -50.8% return on equity — every $100 of shareholder capital generates $-51 in annual profit, vs $-25 for AVR. AVR carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), AVR scores 6/9 vs TMCI's 3/9, reflecting solid financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | -25.1% | -50.8% | -69.5% |
| ROA (TTM)Return on assets | -4.4% | -16.5% | -31.4% |
| ROICReturn on invested capital | — | -16.4% | -31.0% |
| ROCEReturn on capital employed | -183.9% | -28.9% | -31.7% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.02x | 0.85x | 0.16x |
| Net DebtTotal debt minus cash | -$69M | $187M | $3M |
| Cash & Equiv.Liquid assets | $70M | $103M | $11M |
| Total DebtShort + long-term debt | $1M | $290M | $14M |
| Interest CoverageEBIT ÷ Interest expense | -816.06x | -96.80x | -16.02x |
Total Returns (Dividends Reinvested)
AVR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AVR five years ago would be worth $11,750 today (with dividends reinvested), compared to $610 for TMCI. Over the past 12 months, AVR leads with a +50.2% total return vs TMCI's -73.3%. The 3-year compound annual growth rate (CAGR) favors AVR at 5.5% vs TMCI's -57.4% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | +33.7% | +36.4% | -19.6% |
| 1-Year ReturnPast 12 months | +50.2% | +2.6% | -73.3% |
| 3-Year ReturnCumulative with dividends | +17.5% | -74.2% | -92.3% |
| 5-Year ReturnCumulative with dividends | +17.5% | -90.2% | -93.9% |
| 10-Year ReturnCumulative with dividends | +17.5% | +38.5% | -92.1% |
| CAGR (3Y)Annualised 3-year return | +5.5% | -36.4% | -57.4% |
Risk & Volatility
AVR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
AVR is the less volatile stock with a 2.14 beta — it tends to amplify market swings less than TMCI's 2.19 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AVR currently trades 94.7% from its 52-week high vs TMCI's 25.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.14x | 2.15x | 2.19x |
| 52-Week HighHighest price in past year | $6.95 | $20.06 | $7.78 |
| 52-Week LowLowest price in past year | $2.85 | $9.82 | $1.17 |
| % of 52W HighCurrent price vs 52-week peak | +94.7% | +89.2% | +25.8% |
| RSI (14)Momentum oscillator 0–100 | 63.4 | 70.9 | 56.1 |
| Avg Volume (50D)Average daily shares traded | 800K | 1.4M | 842K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: AVR as "Buy", NVCR as "Buy", TMCI as "Hold". Consensus price targets imply 128.0% upside for AVR (target: $15) vs 49.3% for TMCI (target: $3).
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $15.00 | $33.50 | $3.00 |
| # AnalystsCovering analysts | 1 | 15 | 9 |
| Dividend YieldAnnual dividend ÷ price | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | — |
| Dividend / ShareAnnual DPS | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% |
AVR leads in 2 of 6 categories (Total Returns, Risk & Volatility). TMCI leads in 1 (Valuation Metrics). 2 tied.
AVR vs NVCR vs TMCI: Key Questions Answered
8 questions · data-driven answers · updated daily
01Is AVR or NVCR or TMCI a better buy right now?
For growth investors, NovoCure Limited (NVCR) is the stronger pick with 8.
3% revenue growth year-over-year, versus -1. 2% for Anteris Technologies Global Corp. (AVR). Analysts rate Anteris Technologies Global Corp. (AVR) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — AVR or NVCR or TMCI?
Over the past 5 years, Anteris Technologies Global Corp.
(AVR) delivered a total return of +17. 5%, compared to -93. 9% for Treace Medical Concepts, Inc. (TMCI). Over 10 years, the gap is even starker: NVCR returned +38. 5% versus TMCI's -92. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — AVR or NVCR or TMCI?
By beta (market sensitivity over 5 years), Anteris Technologies Global Corp.
(AVR) is the lower-risk stock at 2. 14β versus Treace Medical Concepts, Inc. 's 2. 19β — meaning TMCI is approximately 3% more volatile than AVR relative to the S&P 500. On balance sheet safety, Anteris Technologies Global Corp. (AVR) carries a lower debt/equity ratio of 2% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.
04Which is growing faster — AVR or NVCR or TMCI?
By revenue growth (latest reported year), NovoCure Limited (NVCR) is pulling ahead at 8.
3% versus -1. 2% for Anteris Technologies Global Corp. (AVR). On earnings-per-share growth, the picture is similar: NovoCure Limited grew EPS 21. 8% year-over-year, compared to -194. 5% for Anteris Technologies Global Corp.. Over a 3-year CAGR, TMCI leads at 14. 5% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — AVR or NVCR or TMCI?
NovoCure Limited (NVCR) is the more profitable company, earning -20.
8% net margin versus -28. 2% for Anteris Technologies Global Corp. — meaning it keeps -20. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NVCR leads at -23. 5% versus -29. 0% for AVR. At the gross margin level — before operating expenses — TMCI leads at 79. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — AVR or NVCR or TMCI?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is AVR or NVCR or TMCI better for a retirement portfolio?
For long-horizon retirement investors, NovoCure Limited (NVCR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding.
Treace Medical Concepts, Inc. (TMCI) carries a higher beta of 2. 19 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NVCR: +38. 5%, TMCI: -92. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between AVR and NVCR and TMCI?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.