Medical - Instruments & Supplies
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ATRC vs MDT vs ABT vs NVCR
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Devices
Medical - Devices
Medical - Instruments & Supplies
ATRC vs MDT vs ABT vs NVCR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Devices | Medical - Devices | Medical - Instruments & Supplies |
| Market Cap | $1.41B | $99.94B | $151.30B | $1.92B |
| Revenue (TTM) | $552M | $35.48B | $43.84B | $674M |
| Net Income (TTM) | $-5M | $4.61B | $13.98B | $-173M |
| Gross Margin | 75.5% | 61.9% | 54.0% | 75.2% |
| Operating Margin | -0.4% | 17.9% | 17.8% | -27.2% |
| Forward P/E | 370.7x | 14.1x | 15.9x | — |
| Total Debt | $88M | $28.52B | $15.28B | $290M |
| Cash & Equiv. | $167M | $2.22B | $7.62B | $103M |
ATRC vs MDT vs ABT vs NVCR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| AtriCure, Inc. (ATRC) | 100 | 58.1 | -41.9% |
| Medtronic plc (MDT) | 100 | 79.1 | -20.9% |
| Abbott Laboratories (ABT) | 100 | 91.7 | -8.3% |
| NovoCure Limited (NVCR) | 100 | 25.0 | -75.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ATRC vs MDT vs ABT vs NVCR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ATRC is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 14.9%, EPS growth 74.7%, 3Y rev CAGR 17.4%
- Lower volatility, beta 1.03, Low D/E 17.9%, current ratio 3.96x
- 14.9% revenue growth vs MDT's 3.6%
MDT carries the broadest edge in this set and is the clearest fit for income & stability and defensive.
- Dividend streak 36 yrs, beta 0.47, yield 3.6%
- Beta 0.47, yield 3.6%, current ratio 1.85x
- Better valuation composite
- 3.6% yield, 36-year raise streak, vs ABT's 2.5%, (2 stocks pay no dividend)
ABT is the #2 pick in this set and the best alternative if long-term compounding and valuation efficiency is your priority.
- 173.7% 10Y total return vs ATRC's 95.1%
- PEG 0.53 vs MDT's 36.00
- 31.9% margin vs NVCR's -25.7%
- Beta 0.25 vs NVCR's 2.20, lower leverage
NVCR is the clearest fit if your priority is momentum.
- +1.1% vs ABT's -33.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.9% revenue growth vs MDT's 3.6% | |
| Value | Better valuation composite | |
| Quality / Margins | 31.9% margin vs NVCR's -25.7% | |
| Stability / Safety | Beta 0.25 vs NVCR's 2.20, lower leverage | |
| Dividends | 3.6% yield, 36-year raise streak, vs ABT's 2.5%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +1.1% vs ABT's -33.2% | |
| Efficiency (ROA) | 175.8% ROA vs NVCR's -16.5%, ROIC 6.0% vs -16.4% |
ATRC vs MDT vs ABT vs NVCR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
ATRC vs MDT vs ABT vs NVCR — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MDT leads in 2 of 6 categories
ATRC leads 1 • ABT leads 1 • NVCR leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
ATRC leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ABT is the larger business by revenue, generating $43.8B annually — 79.4x ATRC's $552M. ABT is the more profitable business, keeping 31.9% of every revenue dollar as net income compared to NVCR's -25.7%. On growth, ATRC holds the edge at +14.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $552M | $35.5B | $43.8B | $674M |
| EBITDAEarnings before interest/tax | $13M | $9.4B | $10.9B | -$165M |
| Net IncomeAfter-tax profit | -$5M | $4.6B | $14.0B | -$173M |
| Free Cash FlowCash after capex | $54M | $5.4B | $6.9B | -$48M |
| Gross MarginGross profit ÷ Revenue | +75.5% | +61.9% | +54.0% | +75.2% |
| Operating MarginEBIT ÷ Revenue | -0.4% | +17.9% | +17.8% | -27.2% |
| Net MarginNet income ÷ Revenue | -0.8% | +13.0% | +31.9% | -25.7% |
| FCF MarginFCF ÷ Revenue | +9.7% | +15.2% | +15.8% | -7.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +14.3% | +8.8% | +6.9% | +12.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +101.6% | -11.9% | 0.0% | -100.0% |
Valuation Metrics
MDT leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 11.4x trailing earnings, ABT trades at a 47% valuation discount to MDT's 21.6x P/E. Adjusting for growth (PEG ratio), ABT offers better value at 0.38x vs MDT's 36.00x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $1.4B | $99.9B | $151.3B | $1.9B |
| Enterprise ValueMkt cap + debt − cash | $1.3B | $126.2B | $159.0B | $2.1B |
| Trailing P/EPrice ÷ TTM EPS | -115.83x | 21.60x | 11.39x | -13.80x |
| Forward P/EPrice ÷ next-FY EPS est. | 370.67x | 14.13x | 15.87x | — |
| PEG RatioP/E ÷ EPS growth rate | — | 36.00x | 0.38x | — |
| EV / EBITDAEnterprise value multiple | 77.75x | 14.32x | 15.83x | — |
| Price / SalesMarket cap ÷ Revenue | 2.63x | 2.98x | 3.61x | 2.92x |
| Price / BookPrice ÷ Book value/share | 2.70x | 2.08x | 3.18x | 5.51x |
| Price / FCFMarket cap ÷ FCF | 29.15x | 19.28x | 23.82x | — |
Profitability & Efficiency
ABT leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
ABT delivers a 27.3% return on equity — every $100 of shareholder capital generates $27 in annual profit, vs $-51 for NVCR. ATRC carries lower financial leverage with a 0.18x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), ABT scores 7/9 vs NVCR's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -1.0% | +9.4% | +27.3% | -50.8% |
| ROA (TTM)Return on assets | -0.7% | +175.8% | +16.6% | -16.5% |
| ROICReturn on invested capital | -0.6% | +6.0% | +9.9% | -16.4% |
| ROCEReturn on capital employed | -0.6% | +7.5% | +10.8% | -28.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.18x | 0.59x | 0.32x | 0.85x |
| Net DebtTotal debt minus cash | -$79M | $26.3B | $7.7B | $187M |
| Cash & Equiv.Liquid assets | $167M | $2.2B | $7.6B | $103M |
| Total DebtShort + long-term debt | $88M | $28.5B | $15.3B | $290M |
| Interest CoverageEBIT ÷ Interest expense | 0.47x | 9.08x | 19.22x | -96.80x |
Total Returns (Dividends Reinvested)
Evenly matched — MDT and ABT and NVCR each lead in 2 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ABT five years ago would be worth $8,209 today (with dividends reinvested), compared to $875 for NVCR. Over the past 12 months, NVCR leads with a +1.1% total return vs ABT's -33.2%. The 3-year compound annual growth rate (CAGR) favors MDT at -1.4% vs NVCR's -37.6% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -29.2% | -18.1% | -28.9% | +28.3% |
| 1-Year ReturnPast 12 months | -8.3% | -2.8% | -33.2% | +1.1% |
| 3-Year ReturnCumulative with dividends | -41.8% | -4.2% | -15.4% | -75.7% |
| 5-Year ReturnCumulative with dividends | -64.2% | -27.7% | -17.9% | -91.3% |
| 10-Year ReturnCumulative with dividends | +95.1% | +26.5% | +173.7% | +30.3% |
| CAGR (3Y)Annualised 3-year return | -16.5% | -1.4% | -5.4% | -37.6% |
Risk & Volatility
Evenly matched — ABT and NVCR each lead in 1 of 2 comparable metrics.
Risk & Volatility
ABT is the less volatile stock with a 0.25 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 ABT's 62.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.03x | 0.47x | 0.25x | 2.20x |
| 52-Week HighHighest price in past year | $43.18 | $106.33 | $139.06 | $20.06 |
| 52-Week LowLowest price in past year | $26.62 | $77.16 | $86.15 | $9.82 |
| % of 52W HighCurrent price vs 52-week peak | +64.4% | +73.3% | +62.6% | +83.9% |
| RSI (14)Momentum oscillator 0–100 | 45.0 | 27.3 | 22.9 | 69.8 |
| Avg Volume (50D)Average daily shares traded | 669K | 7.8M | 10.5M | 1.5M |
Analyst Outlook
MDT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: ATRC as "Buy", MDT as "Buy", ABT as "Buy", NVCR as "Buy". Consensus price targets imply 99.0% upside for NVCR (target: $34) vs 40.5% for MDT (target: $110). For income investors, MDT offers the higher dividend yield at 3.57% vs ABT's 2.52%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $50.67 | $109.50 | $128.71 | $33.50 |
| # AnalystsCovering analysts | 19 | 49 | 41 | 15 |
| Dividend YieldAnnual dividend ÷ price | — | +3.6% | +2.5% | — |
| Dividend StreakConsecutive years of raises | — | 36 | 11 | — |
| Dividend / ShareAnnual DPS | — | $2.78 | $2.19 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.8% | +3.2% | +0.9% | 0.0% |
MDT leads in 2 of 6 categories (Valuation Metrics, Analyst Outlook). ATRC leads in 1 (Income & Cash Flow). 2 tied.
ATRC vs MDT vs ABT vs NVCR: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ATRC or MDT or ABT or NVCR a better buy right now?
For growth investors, AtriCure, Inc.
(ATRC) is the stronger pick with 14. 9% revenue growth year-over-year, versus 3. 6% for Medtronic plc (MDT). Abbott Laboratories (ABT) offers the better valuation at 11. 4x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate AtriCure, Inc. (ATRC) a "Buy" — based on 19 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 — ATRC or MDT or ABT or NVCR?
On trailing P/E, Abbott Laboratories (ABT) is the cheapest at 11.
4x versus Medtronic plc at 21. 6x. On forward P/E, Medtronic plc is actually cheaper at 14. 1x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Abbott Laboratories wins at 0. 53x versus Medtronic plc's 36. 00x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — ATRC or MDT or ABT or NVCR?
Over the past 5 years, Abbott Laboratories (ABT) delivered a total return of -17.
9%, compared to -91. 3% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: ABT returned +173. 7% versus MDT's +26. 5%. 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 — ATRC or MDT or ABT or NVCR?
By beta (market sensitivity over 5 years), Abbott Laboratories (ABT) is the lower-risk stock at 0.
25β versus NovoCure Limited's 2. 20β — meaning NVCR is approximately 788% more volatile than ABT relative to the S&P 500. On balance sheet safety, AtriCure, Inc. (ATRC) carries a lower debt/equity ratio of 18% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — ATRC or MDT or ABT or NVCR?
By revenue growth (latest reported year), AtriCure, Inc.
(ATRC) is pulling ahead at 14. 9% versus 3. 6% for Medtronic plc (MDT). On earnings-per-share growth, the picture is similar: Abbott Laboratories grew EPS 133. 6% year-over-year, compared to 21. 8% for NovoCure Limited. Over a 3-year CAGR, ATRC leads at 17. 4% 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 — ATRC or MDT or ABT or NVCR?
Abbott Laboratories (ABT) is the more profitable company, earning 31.
9% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 31. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MDT leads at 17. 8% versus -23. 5% for NVCR. 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 ATRC or MDT or ABT or NVCR more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Abbott Laboratories (ABT) is the more undervalued stock at a PEG of 0. 53x versus Medtronic plc's 36. 00x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Medtronic plc (MDT) trades at 14. 1x forward P/E versus 370. 7x for AtriCure, Inc. — 356. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NVCR: 99. 0% to $33. 50.
08Which pays a better dividend — ATRC or MDT or ABT or NVCR?
In this comparison, MDT (3.
6% yield), ABT (2. 5% yield) pay a dividend. ATRC, NVCR do not pay a meaningful dividend and should not be held primarily for income.
09Is ATRC or MDT or ABT or NVCR better for a retirement portfolio?
For long-horizon retirement investors, Abbott Laboratories (ABT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
25), 2. 5% yield, +173. 7% 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 (ABT: +173. 7%, 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 ATRC and MDT and ABT and NVCR?
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: ATRC is a small-cap quality compounder stock; MDT is a mid-cap income-oriented stock; ABT is a mid-cap deep-value stock; NVCR is a small-cap quality compounder stock. MDT, ABT pay a dividend while ATRC, NVCR do not, making them suitable for different income and tax situations. 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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