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Stock Comparison

APYX vs ARAY

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
APYX
Apyx Medical Corporation

Medical - Devices

HealthcareNASDAQ • US
Market Cap$149M
5Y Perf.-19.8%
ARAY
Accuray Incorporated

Medical - Devices

HealthcareNASDAQ • US
Market Cap$35M
5Y Perf.-86.0%

APYX vs ARAY — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
APYX logoAPYX
ARAY logoARAY
IndustryMedical - DevicesMedical - Devices
Market Cap$149M$35M
Revenue (TTM)$56M$429M
Net Income (TTM)$-9M$-46M
Gross Margin38.1%26.8%
Operating Margin-7.7%-5.1%
Total Debt$39M$176M
Cash & Equiv.$32M$57M

APYX vs ARAYLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

APYX
ARAY
StockMay 20May 26Return
Apyx Medical Corpor… (APYX)10080.2-19.8%
Accuray Incorporated (ARAY)10014.0-86.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: APYX vs ARAY

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: APYX leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. Accuray Incorporated is the stronger pick specifically for profitability and margin quality and operational efficiency and capital deployment. As sector peers, any of these can serve as alternatives in the same allocation.
APYX
Apyx Medical Corporation
The Income Pick

APYX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • beta 1.96
  • Rev growth 9.9%, EPS growth 59.1%, 3Y rev CAGR 5.9%
  • -45.0% 10Y total return vs ARAY's -94.5%
Best for: income & stability and growth exposure
ARAY
Accuray Incorporated
The Quality Compounder

ARAY is the clearest fit if your priority is quality and efficiency.

  • -10.8% margin vs APYX's -16.4%
  • -10.1% ROA vs APYX's -14.9%, ROIC 3.0% vs -22.1%
Best for: quality and efficiency
See the full category breakdown
CategoryWinnerWhy
GrowthAPYX logoAPYX9.9% revenue growth vs ARAY's 2.7%
Quality / MarginsARAY logoARAY-10.8% margin vs APYX's -16.4%
Stability / SafetyAPYX logoAPYXBeta 1.96 vs ARAY's 2.42
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)APYX logoAPYX+184.8% vs ARAY's -78.4%
Efficiency (ROA)ARAY logoARAY-10.1% ROA vs APYX's -14.9%, ROIC 3.0% vs -22.1%

APYX vs ARAY — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

APYXApyx Medical Corporation
FY 2025
OEM
100.0%$8M
ARAYAccuray Incorporated
FY 2025
Product
51.8%$238M
Service
48.2%$221M

APYX vs ARAY — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLAPYXLAGGINGARAY

Income & Cash Flow (Last 12 Months)

Evenly matched — APYX and ARAY each lead in 3 of 6 comparable metrics.

ARAY is the larger business by revenue, generating $429M annually — 7.7x APYX's $56M. ARAY is the more profitable business, keeping -10.8% of every revenue dollar as net income compared to APYX's -16.4%. On growth, APYX holds the edge at +31.7% YoY revenue growth, suggesting stronger near-term business momentum.

MetricAPYX logoAPYXApyx Medical Corp…ARAY logoARAYAccuray Incorpora…
RevenueTrailing 12 months$56M$429M
EBITDAEarnings before interest/tax-$4M-$15M
Net IncomeAfter-tax profit-$9M-$46M
Free Cash FlowCash after capex-$9M-$28M
Gross MarginGross profit ÷ Revenue+38.1%+26.8%
Operating MarginEBIT ÷ Revenue-7.7%-5.1%
Net MarginNet income ÷ Revenue-16.4%-10.8%
FCF MarginFCF ÷ Revenue-16.1%-6.5%
Rev. Growth (YoY)Latest quarter vs prior year+31.7%-7.4%
EPS Growth (YoY)Latest quarter vs prior year+58.3%-6.1%
Evenly matched — APYX and ARAY each lead in 3 of 6 comparable metrics.

Valuation Metrics

ARAY leads this category, winning 3 of 3 comparable metrics.
MetricAPYX logoAPYXApyx Medical Corp…ARAY logoARAYAccuray Incorpora…
Market CapShares × price$149M$35M
Enterprise ValueMkt cap + debt − cash$157M$154M
Trailing P/EPrice ÷ TTM EPS-13.19x-18.91x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple10.99x
Price / SalesMarket cap ÷ Revenue2.82x0.08x
Price / BookPrice ÷ Book value/share10.12x0.37x
Price / FCFMarket cap ÷ FCF
ARAY leads this category, winning 3 of 3 comparable metrics.

Profitability & Efficiency

ARAY leads this category, winning 6 of 9 comparable metrics.

ARAY delivers a -77.5% return on equity — every $100 of shareholder capital generates $-77 in annual profit, vs $-88 for APYX. ARAY carries lower financial leverage with a 2.17x debt-to-equity ratio, signaling a more conservative balance sheet compared to APYX's 2.65x. On the Piotroski fundamental quality scale (0–9), ARAY scores 6/9 vs APYX's 4/9, reflecting solid financial health.

MetricAPYX logoAPYXApyx Medical Corp…ARAY logoARAYAccuray Incorpora…
ROE (TTM)Return on equity-88.5%-77.5%
ROA (TTM)Return on assets-14.9%-10.1%
ROICReturn on invested capital-22.1%+3.0%
ROCEReturn on capital employed-11.8%+2.8%
Piotroski ScoreFundamental quality 0–946
Debt / EquityFinancial leverage2.65x2.17x
Net DebtTotal debt minus cash$8M$119M
Cash & Equiv.Liquid assets$32M$57M
Total DebtShort + long-term debt$39M$176M
Interest CoverageEBIT ÷ Interest expense-0.97x-1.86x
ARAY leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

APYX leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in APYX five years ago would be worth $3,708 today (with dividends reinvested), compared to $606 for ARAY. Over the past 12 months, APYX leads with a +184.8% total return vs ARAY's -78.4%. The 3-year compound annual growth rate (CAGR) favors APYX at 0.8% vs ARAY's -56.6% — a key indicator of consistent wealth creation.

MetricAPYX logoAPYXApyx Medical Corp…ARAY logoARAYAccuray Incorpora…
YTD ReturnYear-to-date+1.7%-65.5%
1-Year ReturnPast 12 months+184.8%-78.4%
3-Year ReturnCumulative with dividends+2.3%-91.8%
5-Year ReturnCumulative with dividends-62.9%-93.9%
10-Year ReturnCumulative with dividends-45.0%-94.5%
CAGR (3Y)Annualised 3-year return+0.8%-56.6%
APYX leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

APYX leads this category, winning 2 of 2 comparable metrics.

APYX is the less volatile stock with a 1.96 beta — it tends to amplify market swings less than ARAY's 2.42 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. APYX currently trades 79.1% from its 52-week high vs ARAY's 14.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricAPYX logoAPYXApyx Medical Corp…ARAY logoARAYAccuray Incorpora…
Beta (5Y)Sensitivity to S&P 5001.96x2.42x
52-Week HighHighest price in past year$4.50$2.10
52-Week LowLowest price in past year$1.08$0.28
% of 52W HighCurrent price vs 52-week peak+79.1%+14.0%
RSI (14)Momentum oscillator 0–10028.658.4
Avg Volume (50D)Average daily shares traded162K1.4M
APYX leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.
MetricAPYX logoAPYXApyx Medical Corp…ARAY logoARAYAccuray Incorpora…
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$6.00
# AnalystsCovering analysts9
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

ARAY leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). APYX leads in 2 (Total Returns, Risk & Volatility). 1 tied.

Best OverallApyx Medical Corporation (APYX)Leads 2 of 6 categories
Loading custom metrics...

APYX vs ARAY: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is APYX or ARAY a better buy right now?

For growth investors, Apyx Medical Corporation (APYX) is the stronger pick with 9.

9% revenue growth year-over-year, versus 2. 7% for Accuray Incorporated (ARAY). Analysts rate Apyx Medical Corporation (APYX) a "Buy" — based on 9 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.

02

Which is the better long-term investment — APYX or ARAY?

Over the past 5 years, Apyx Medical Corporation (APYX) delivered a total return of -62.

9%, compared to -93. 9% for Accuray Incorporated (ARAY). Over 10 years, the gap is even starker: APYX returned -45. 0% versus ARAY's -94. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — APYX or ARAY?

By beta (market sensitivity over 5 years), Apyx Medical Corporation (APYX) is the lower-risk stock at 1.

96β versus Accuray Incorporated's 2. 42β — meaning ARAY is approximately 24% more volatile than APYX relative to the S&P 500. On balance sheet safety, Accuray Incorporated (ARAY) carries a lower debt/equity ratio of 2% versus 3% for Apyx Medical Corporation — giving it more financial flexibility in a downturn.

04

Which is growing faster — APYX or ARAY?

By revenue growth (latest reported year), Apyx Medical Corporation (APYX) is pulling ahead at 9.

9% versus 2. 7% for Accuray Incorporated (ARAY). On earnings-per-share growth, the picture is similar: Accuray Incorporated grew EPS 90. 3% year-over-year, compared to 59. 1% for Apyx Medical Corporation. Over a 3-year CAGR, APYX leads at 5. 9% 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.

05

Which has better profit margins — APYX or ARAY?

Accuray Incorporated (ARAY) is the more profitable company, earning -0.

3% net margin versus -21. 2% for Apyx Medical Corporation — meaning it keeps -0. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARAY leads at 1. 7% versus -12. 2% for APYX. At the gross margin level — before operating expenses — APYX leads at 36. 0%, 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.

06

Which pays a better dividend — APYX or ARAY?

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.

07

Is APYX or ARAY better for a retirement portfolio?

For long-horizon retirement investors, Apyx Medical Corporation (APYX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding.

Accuray Incorporated (ARAY) carries a higher beta of 2. 42 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (APYX: -45. 0%, ARAY: -94. 5%), 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.

08

What are the main differences between APYX and ARAY?

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.

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APYX

High-Growth Disruptor

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 15%
  • Gross Margin > 22%
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ARAY

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 16%
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