Medical - Devices
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5 / 10Stock Comparison
AVR vs NVCR vs TMCI vs ATRC vs EW
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Devices
Medical - Instruments & Supplies
Medical - Devices
AVR vs NVCR vs TMCI vs ATRC vs EW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Devices | Medical - Instruments & Supplies | Medical - Devices | Medical - Instruments & Supplies | Medical - Devices |
| Market Cap | $237M | $2.04B | $130M | $1.33B | $46.10B |
| Revenue (TTM) | $2M | $674M | $207M | $552M | $6.07B |
| Net Income (TTM) | $-84M | $-173M | $-61M | $-5M | $1.07B |
| Gross Margin | 67.9% | 75.2% | 79.7% | 75.5% | 78.1% |
| Operating Margin | -40.2% | -27.2% | -26.9% | -0.4% | 26.7% |
| Forward P/E | — | — | — | 428.7x | 26.6x |
| Total Debt | $1M | $290M | $14M | $88M | $705M |
| Cash & Equiv. | $70M | $103M | $11M | $167M | $2.94B |
AVR vs NVCR vs TMCI vs ATRC vs EW — 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% |
| AtriCure, Inc. (ATRC) | 100 | 86.0 | -14.0% |
| Edwards Lifescience… (EW) | 100 | 108.0 | +8.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AVR vs NVCR vs TMCI vs ATRC vs EW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AVR is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.
- Lower volatility, beta 2.14, Low D/E 2.2%, current ratio 4.51x
- Beta 2.14, current ratio 4.51x
- +50.2% vs TMCI's -73.3%
NVCR lags the leaders in this set but could rank higher in a more targeted comparison.
Among these 5 stocks, TMCI doesn't own a clear edge in any measured category.
ATRC ranks third and is worth considering specifically for growth exposure.
- Rev growth 14.9%, EPS growth 74.7%, 3Y rev CAGR 17.4%
- 14.9% revenue growth vs AVR's -1.2%
EW carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- beta 0.64
- 125.5% 10Y total return vs ATRC's 84.4%
- Better valuation composite
- 17.6% margin vs AVR's -39.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.9% revenue growth vs AVR's -1.2% | |
| Value | Better valuation composite | |
| Quality / Margins | 17.6% margin vs AVR's -39.4% | |
| Stability / Safety | Beta 0.64 vs TMCI's 2.19, lower leverage | |
| Dividends | Tie | None of these 5 stocks pay a meaningful dividend |
| Momentum (1Y) | +50.2% vs TMCI's -73.3% | |
| Efficiency (ROA) | 8.0% ROA vs AVR's -442.1% |
AVR vs NVCR vs TMCI vs ATRC vs EW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
Segment breakdown not available.
AVR vs NVCR vs TMCI vs ATRC vs EW — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
EW leads in 2 of 6 categories
AVR leads 1 • NVCR leads 0 • TMCI leads 0 • ATRC leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
EW leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EW is the larger business by revenue, generating $6.1B annually — 2836.5x AVR's $2M. EW is the more profitable business, keeping 17.6% of every revenue dollar as net income compared to AVR's -39.4%. On growth, ATRC holds the edge at +14.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $2M | $674M | $207M | $552M | $6.1B |
| EBITDAEarnings before interest/tax | -$84M | -$165M | -$48M | $13M | $1.8B |
| Net IncomeAfter-tax profit | -$84M | -$173M | -$61M | -$5M | $1.1B |
| Free Cash FlowCash after capex | -$79M | -$48M | -$26M | $54M | $1.3B |
| Gross MarginGross profit ÷ Revenue | +67.9% | +75.2% | +79.7% | +75.5% | +78.1% |
| Operating MarginEBIT ÷ Revenue | -40.2% | -27.2% | -26.9% | -0.4% | +26.7% |
| Net MarginNet income ÷ Revenue | -39.4% | -25.7% | -29.4% | -0.8% | +17.6% |
| FCF MarginFCF ÷ Revenue | -37.1% | -7.1% | -12.5% | +9.7% | +22.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | -44.2% | +12.3% | -10.2% | +14.3% | +13.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -54.1% | -100.0% | -12.0% | +101.6% | -75.4% |
Valuation Metrics
Evenly matched — TMCI and ATRC and EW each lead in 2 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, EW's 24.5x EV/EBITDA is more attractive than ATRC's 73.2x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $237M | $2.0B | $130M | $1.3B | $46.1B |
| Enterprise ValueMkt cap + debt − cash | $168M | $2.2B | $133M | $1.3B | $43.9B |
| Trailing P/EPrice ÷ TTM EPS | -1.75x | -14.66x | -2.16x | -109.50x | 43.69x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | 428.71x | 26.58x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | 6.17x |
| EV / EBITDAEnterprise value multiple | — | — | — | 73.24x | 24.47x |
| Price / SalesMarket cap ÷ Revenue | 87.79x | 3.11x | 0.61x | 2.49x | 7.60x |
| Price / BookPrice ÷ Book value/share | 2.13x | 5.86x | 1.46x | 2.55x | 4.53x |
| Price / FCFMarket cap ÷ FCF | — | — | — | 27.56x | 34.53x |
Profitability & Efficiency
EW leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
EW delivers a 10.4% return on equity — every $100 of shareholder capital generates $10 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% | -1.0% | +10.4% |
| ROA (TTM)Return on assets | -4.4% | -16.5% | -31.4% | -0.7% | +8.0% |
| ROICReturn on invested capital | — | -16.4% | -31.0% | -0.6% | +15.5% |
| ROCEReturn on capital employed | -183.9% | -28.9% | -31.7% | -0.6% | +14.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 | 3 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.02x | 0.85x | 0.16x | 0.18x | 0.07x |
| Net DebtTotal debt minus cash | -$69M | $187M | $3M | -$79M | -$2.2B |
| Cash & Equiv.Liquid assets | $70M | $103M | $11M | $167M | $2.9B |
| Total DebtShort + long-term debt | $1M | $290M | $14M | $88M | $705M |
| Interest CoverageEBIT ÷ Interest expense | -816.06x | -96.80x | -16.02x | 0.47x | — |
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% | -33.1% | -6.3% |
| 1-Year ReturnPast 12 months | +50.2% | +2.6% | -73.3% | -15.7% | +7.1% |
| 3-Year ReturnCumulative with dividends | +17.5% | -74.2% | -92.3% | -45.0% | -10.2% |
| 5-Year ReturnCumulative with dividends | +17.5% | -90.2% | -93.9% | -64.2% | -11.5% |
| 10-Year ReturnCumulative with dividends | +17.5% | +38.5% | -92.1% | +84.4% | +125.5% |
| CAGR (3Y)Annualised 3-year return | +5.5% | -36.4% | -57.4% | -18.1% | -3.5% |
Risk & Volatility
Evenly matched — AVR and EW each lead in 1 of 2 comparable metrics.
Risk & Volatility
EW is the less volatile stock with a 0.64 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 | 0.95x | 0.64x |
| 52-Week HighHighest price in past year | $6.95 | $20.06 | $7.78 | $43.18 | $87.89 |
| 52-Week LowLowest price in past year | $2.85 | $9.82 | $1.17 | $26.10 | $72.30 |
| % of 52W HighCurrent price vs 52-week peak | +94.7% | +89.2% | +25.8% | +60.9% | +91.0% |
| RSI (14)Momentum oscillator 0–100 | 63.4 | 70.9 | 56.1 | 44.0 | 53.1 |
| Avg Volume (50D)Average daily shares traded | 800K | 1.4M | 842K | 678K | 4.7M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: AVR as "Buy", NVCR as "Buy", TMCI as "Hold", ATRC as "Buy", EW as "Buy". Consensus price targets imply 128.0% upside for AVR (target: $15) vs 21.4% for EW (target: $97).
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $15.00 | $33.50 | $3.00 | $51.33 | $97.08 |
| # AnalystsCovering analysts | 1 | 15 | 9 | 19 | 48 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | — | — | — |
| Dividend / ShareAnnual DPS | — | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | 0.0% | +0.8% | +1.9% |
EW leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). AVR leads in 1 (Total Returns). 2 tied.
AVR vs NVCR vs TMCI vs ATRC vs EW: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is AVR or NVCR or TMCI or ATRC or EW a better buy right now?
For growth investors, AtriCure, Inc.
(ATRC) is the stronger pick with 14. 9% revenue growth year-over-year, versus -1. 2% for Anteris Technologies Global Corp. (AVR). Edwards Lifesciences Corporation (EW) offers the better valuation at 43. 7x trailing P/E (26. 6x forward), making it the more compelling value choice. 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 has the better valuation — AVR or NVCR or TMCI or ATRC or EW?
On forward P/E, Edwards Lifesciences Corporation is actually cheaper at 26.
6x.
03Which is the better long-term investment — AVR or NVCR or TMCI or ATRC or EW?
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: EW returned +125. 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.
04Which is safer — AVR or NVCR or TMCI or ATRC or EW?
By beta (market sensitivity over 5 years), Edwards Lifesciences Corporation (EW) is the lower-risk stock at 0.
64β versus Treace Medical Concepts, Inc. 's 2. 19β — meaning TMCI is approximately 245% more volatile than EW 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.
05Which is growing faster — AVR or NVCR or TMCI or ATRC or EW?
By revenue growth (latest reported year), AtriCure, Inc.
(ATRC) is pulling ahead at 14. 9% versus -1. 2% for Anteris Technologies Global Corp. (AVR). On earnings-per-share growth, the picture is similar: AtriCure, Inc. grew EPS 74. 7% year-over-year, compared to -194. 5% for Anteris Technologies Global Corp.. 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 — AVR or NVCR or TMCI or ATRC or EW?
Edwards Lifesciences Corporation (EW) is the more profitable company, earning 17.
7% net margin versus -28. 2% for Anteris Technologies Global Corp. — meaning it keeps 17. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EW leads at 27. 0% 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.
07Is AVR or NVCR or TMCI or ATRC or EW more undervalued right now?
On forward earnings alone, Edwards Lifesciences Corporation (EW) trades at 26.
6x forward P/E versus 428. 7x for AtriCure, Inc. — 402. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for AVR: 128. 0% to $15. 00.
08Which pays a better dividend — AVR or NVCR or TMCI or ATRC or EW?
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 AVR or NVCR or TMCI or ATRC or EW better for a retirement portfolio?
For long-horizon retirement investors, Edwards Lifesciences Corporation (EW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
64), +125. 5% 10Y return). 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 (EW: +125. 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.
10What are the main differences between AVR and NVCR and TMCI and ATRC and EW?
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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