Medical - Devices
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5 / 10Stock Comparison
AORT vs NVCR vs ATRC vs NNOX vs TMDX
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Instruments & Supplies
Medical - Devices
Medical - Devices
AORT vs NVCR vs ATRC vs NNOX vs TMDX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Devices | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Devices | Medical - Devices |
| Market Cap | $1.72B | $1.92B | $1.41B | $115M | $2.52B |
| Revenue (TTM) | $459M | $674M | $552M | $12M | $636M |
| Net Income (TTM) | $12M | $-173M | $-5M | $-56M | $172M |
| Gross Margin | 63.8% | 75.2% | 75.5% | -98.8% | 59.1% |
| Operating Margin | 7.4% | -27.2% | -0.4% | -469.7% | 14.9% |
| Forward P/E | 98.7x | — | 370.7x | — | 29.9x |
| Total Debt | $292M | $290M | $88M | $7M | $470M |
| Cash & Equiv. | $65M | $103M | $167M | $39M | $488M |
AORT vs NVCR vs ATRC vs NNOX vs TMDX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Dec 20 | May 26 | Return |
|---|---|---|---|
| Artivion, Inc. (AORT) | 100 | 149.9 | +49.9% |
| NovoCure Limited (NVCR) | 100 | 9.7 | -90.3% |
| AtriCure, Inc. (ATRC) | 100 | 49.9 | -50.1% |
| Nano-X Imaging Ltd. (NNOX) | 100 | 3.9 | -96.1% |
| TransMedics Group, … (TMDX) | 100 | 366.3 | +266.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AORT vs NVCR vs ATRC vs NNOX vs TMDX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AORT is the #2 pick in this set and the best alternative if income & stability and sleep-well-at-night is your priority.
- Dividend streak 4 yrs, beta 0.63
- Lower volatility, beta 0.63, Low D/E 65.2%, current ratio 2.99x
- Beta 0.63 vs NVCR's 2.20, lower leverage
- +24.7% vs NNOX's -64.4%
NVCR plays a supporting role in this comparison — it may shine differently against other peers.
ATRC lags the leaders in this set but could rank higher in a more targeted comparison.
Among these 5 stocks, NNOX doesn't own a clear edge in any measured category.
TMDX carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 37.1%, EPS growth 382.2%, 3Y rev CAGR 86.4%
- 226.0% 10Y total return vs AORT's 188.9%
- Beta 1.59, current ratio 7.14x
- 37.1% revenue growth vs NVCR's 8.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 37.1% revenue growth vs NVCR's 8.3% | |
| Value | Better valuation composite | |
| Quality / Margins | 27.0% margin vs NNOX's -452.8% | |
| Stability / Safety | Beta 0.63 vs NVCR's 2.20, lower leverage | |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | +24.7% vs NNOX's -64.4% | |
| Efficiency (ROA) | 15.8% ROA vs NNOX's -31.6%, ROIC 18.8% vs -27.9% |
AORT vs NVCR vs ATRC vs NNOX vs TMDX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
AORT vs NVCR vs ATRC vs NNOX vs TMDX — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
TMDX leads in 3 of 6 categories
AORT leads 1 • NVCR leads 0 • ATRC leads 0 • NNOX leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
TMDX leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NVCR is the larger business by revenue, generating $674M annually — 54.8x NNOX's $12M. TMDX is the more profitable business, keeping 27.0% of every revenue dollar as net income compared to NNOX's -4.5%. On growth, TMDX holds the edge at +21.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $459M | $674M | $552M | $12M | $636M |
| EBITDAEarnings before interest/tax | $51M | -$165M | $13M | -$46M | $115M |
| Net IncomeAfter-tax profit | $12M | -$173M | -$5M | -$56M | $172M |
| Free Cash FlowCash after capex | $13M | -$48M | $54M | -$47M | $151M |
| Gross MarginGross profit ÷ Revenue | +63.8% | +75.2% | +75.5% | -98.8% | +59.1% |
| Operating MarginEBIT ÷ Revenue | +7.4% | -27.2% | -0.4% | -4.7% | +14.9% |
| Net MarginNet income ÷ Revenue | +2.5% | -25.7% | -0.8% | -4.5% | +27.0% |
| FCF MarginFCF ÷ Revenue | +2.8% | -7.1% | +9.7% | -3.8% | +23.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +17.5% | +12.3% | +14.3% | +13.7% | +21.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.5% | -100.0% | +101.6% | +8.7% | -71.4% |
Valuation Metrics
TMDX leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 15.0x trailing earnings, TMDX trades at a 91% valuation discount to AORT's 168.5x P/E. On an enterprise value basis, TMDX's 18.4x EV/EBITDA is more attractive than ATRC's 77.7x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $1.7B | $1.9B | $1.4B | $115M | $2.5B |
| Enterprise ValueMkt cap + debt − cash | $1.9B | $2.1B | $1.3B | $83M | $2.5B |
| Trailing P/EPrice ÷ TTM EPS | 168.52x | -13.80x | -115.83x | -1.93x | 14.97x |
| Forward P/EPrice ÷ next-FY EPS est. | 98.69x | — | 370.67x | — | 29.86x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 39.50x | — | 77.75x | — | 18.42x |
| Price / SalesMarket cap ÷ Revenue | 3.89x | 2.92x | 2.63x | 10.20x | 4.16x |
| Price / BookPrice ÷ Book value/share | 3.72x | 5.51x | 2.70x | 0.55x | 6.25x |
| Price / FCFMarket cap ÷ FCF | — | — | 29.15x | — | 18.86x |
Profitability & Efficiency
TMDX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
TMDX delivers a 41.9% return on equity — every $100 of shareholder capital generates $42 in annual profit, vs $-51 for NVCR. NNOX carries lower financial leverage with a 0.04x debt-to-equity ratio, signaling a more conservative balance sheet compared to TMDX's 0.99x. On the Piotroski fundamental quality scale (0–9), TMDX scores 7/9 vs NNOX's 4/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +2.7% | -50.8% | -1.0% | -35.5% | +41.9% |
| ROA (TTM)Return on assets | +1.3% | -16.5% | -0.7% | -31.6% | +15.8% |
| ROICReturn on invested capital | +3.2% | -16.4% | -0.6% | -27.9% | +18.8% |
| ROCEReturn on capital employed | +3.6% | -28.9% | -0.6% | -28.4% | +12.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 | 5 | 4 | 7 |
| Debt / EquityFinancial leverage | 0.65x | 0.85x | 0.18x | 0.04x | 0.99x |
| Net DebtTotal debt minus cash | $227M | $187M | -$79M | -$32M | -$19M |
| Cash & Equiv.Liquid assets | $65M | $103M | $167M | $39M | $488M |
| Total DebtShort + long-term debt | $292M | $290M | $88M | $7M | $470M |
| Interest CoverageEBIT ÷ Interest expense | 1.28x | -96.80x | 0.47x | -379.29x | 33.15x |
Total Returns (Dividends Reinvested)
AORT leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TMDX five years ago would be worth $30,074 today (with dividends reinvested), compared to $605 for NNOX. Over the past 12 months, AORT leads with a +24.7% total return vs NNOX's -64.4%. The 3-year compound annual growth rate (CAGR) favors AORT at 34.3% vs NNOX's -52.4% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -20.4% | +28.3% | -29.2% | -37.8% | -40.6% |
| 1-Year ReturnPast 12 months | +24.7% | +1.1% | -8.3% | -64.4% | -23.9% |
| 3-Year ReturnCumulative with dividends | +142.2% | -75.7% | -41.8% | -89.2% | +2.8% |
| 5-Year ReturnCumulative with dividends | +15.4% | -91.3% | -64.2% | -93.9% | +200.7% |
| 10-Year ReturnCumulative with dividends | +188.9% | +30.3% | +95.1% | -96.1% | +226.0% |
| CAGR (3Y)Annualised 3-year return | +34.3% | -37.6% | -16.5% | -52.4% | +0.9% |
Risk & Volatility
Evenly matched — AORT and NVCR each lead in 1 of 2 comparable metrics.
Risk & Volatility
AORT is the less volatile stock with a 0.63 beta — it tends to amplify market swings less than NVCR's 2.20 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NVCR currently trades 83.9% from its 52-week high vs NNOX's 30.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.63x | 2.20x | 1.03x | 1.86x | 1.59x |
| 52-Week HighHighest price in past year | $48.25 | $20.06 | $43.18 | $5.86 | $156.00 |
| 52-Week LowLowest price in past year | $26.84 | $9.82 | $26.62 | $1.66 | $70.00 |
| % of 52W HighCurrent price vs 52-week peak | +73.3% | +83.9% | +64.4% | +30.0% | +46.7% |
| RSI (14)Momentum oscillator 0–100 | 42.1 | 69.8 | 45.0 | 38.5 | 21.8 |
| Avg Volume (50D)Average daily shares traded | 385K | 1.5M | 669K | 1.4M | 1.1M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: AORT as "Buy", NVCR as "Buy", ATRC as "Buy", NNOX as "Buy", TMDX as "Buy". Consensus price targets imply 922.7% upside for NNOX (target: $18) vs 46.9% for AORT (target: $52).
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $52.00 | $33.50 | $50.67 | $18.00 | $144.75 |
| # AnalystsCovering analysts | 12 | 15 | 19 | 5 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | — |
| Dividend StreakConsecutive years of raises | 4 | — | — | — | — |
| Dividend / ShareAnnual DPS | — | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +0.8% | 0.0% | +0.0% |
TMDX leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). AORT leads in 1 (Total Returns). 1 tied.
AORT vs NVCR vs ATRC vs NNOX vs TMDX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is AORT or NVCR or ATRC or NNOX or TMDX a better buy right now?
For growth investors, TransMedics Group, Inc.
(TMDX) is the stronger pick with 37. 1% revenue growth year-over-year, versus 8. 3% for NovoCure Limited (NVCR). TransMedics Group, Inc. (TMDX) offers the better valuation at 15. 0x trailing P/E (29. 9x forward), making it the more compelling value choice. Analysts rate Artivion, Inc. (AORT) a "Buy" — based on 12 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 has the better valuation — AORT or NVCR or ATRC or NNOX or TMDX?
On trailing P/E, TransMedics Group, Inc.
(TMDX) is the cheapest at 15. 0x versus Artivion, Inc. at 168. 5x. On forward P/E, TransMedics Group, Inc. is actually cheaper at 29. 9x.
03Which is the better long-term investment — AORT or NVCR or ATRC or NNOX or TMDX?
Over the past 5 years, TransMedics Group, Inc.
(TMDX) delivered a total return of +200. 7%, compared to -93. 9% for Nano-X Imaging Ltd. (NNOX). Over 10 years, the gap is even starker: TMDX returned +226. 0% versus NNOX's -96. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — AORT or NVCR or ATRC or NNOX or TMDX?
By beta (market sensitivity over 5 years), Artivion, Inc.
(AORT) is the lower-risk stock at 0. 63β versus NovoCure Limited's 2. 20β — meaning NVCR is approximately 250% more volatile than AORT relative to the S&P 500. On balance sheet safety, Nano-X Imaging Ltd. (NNOX) carries a lower debt/equity ratio of 4% versus 99% for TransMedics Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — AORT or NVCR or ATRC or NNOX or TMDX?
By revenue growth (latest reported year), TransMedics Group, Inc.
(TMDX) is pulling ahead at 37. 1% versus 8. 3% for NovoCure Limited (NVCR). On earnings-per-share growth, the picture is similar: TransMedics Group, Inc. grew EPS 382. 2% year-over-year, compared to 15. 7% for Nano-X Imaging Ltd.. Over a 3-year CAGR, NNOX leads at 105. 3% 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.
06Which has better profit margins — AORT or NVCR or ATRC or NNOX or TMDX?
TransMedics Group, Inc.
(TMDX) is the more profitable company, earning 31. 4% net margin versus -474. 3% for Nano-X Imaging Ltd. — meaning it keeps 31. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TMDX leads at 17. 9% versus -502. 9% for NNOX. At the gross margin level — before operating expenses — NVCR leads at 74. 5%, 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.
07Is AORT or NVCR or ATRC or NNOX or TMDX more undervalued right now?
On forward earnings alone, TransMedics Group, Inc.
(TMDX) trades at 29. 9x forward P/E versus 370. 7x for AtriCure, Inc. — 340. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NNOX: 922. 7% to $18. 00.
08Which pays a better dividend — AORT or NVCR or ATRC or NNOX or TMDX?
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.
09Is AORT or NVCR or ATRC or NNOX or TMDX better for a retirement portfolio?
For long-horizon retirement investors, Artivion, Inc.
(AORT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 63), +188. 9% 10Y return). NovoCure Limited (NVCR) carries a higher beta of 2. 20 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (AORT: +188. 9%, NVCR: +30. 3%), 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.
10What are the main differences between AORT and NVCR and ATRC and NNOX and TMDX?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: AORT is a small-cap quality compounder stock; NVCR is a small-cap quality compounder stock; ATRC is a small-cap quality compounder stock; NNOX is a small-cap quality compounder stock; TMDX is a small-cap high-growth stock. 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.
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