Medical - Instruments & Supplies
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LMAT vs NVCR
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
LMAT vs NVCR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Instruments & Supplies |
| Market Cap | $2.46B | $1.92B |
| Revenue (TTM) | $256M | $674M |
| Net Income (TTM) | $62M | $-173M |
| Gross Margin | 72.4% | 75.2% |
| Operating Margin | 28.5% | -27.2% |
| Forward P/E | 37.2x | — |
| Total Debt | $186M | $290M |
| Cash & Equiv. | $28M | $103M |
LMAT vs NVCR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| LeMaitre Vascular, … (LMAT) | 100 | 401.3 | +301.3% |
| NovoCure Limited (NVCR) | 100 | 25.0 | -75.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LMAT vs NVCR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
LMAT carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 15 yrs, beta 0.57, yield 0.7%
- Rev growth 13.5%, EPS growth 30.6%, 3Y rev CAGR 15.6%
- 6.1% 10Y total return vs NVCR's 30.3%
In this particular matchup, NVCR is outpaced on most metrics by others in the set.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.5% revenue growth vs NVCR's 8.3% | |
| Quality / Margins | 24.3% margin vs NVCR's -25.7% | |
| Stability / Safety | Beta 0.57 vs NVCR's 2.20, lower leverage | |
| Dividends | 0.7% yield; 15-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +33.3% vs NVCR's +1.1% | |
| Efficiency (ROA) | 10.3% ROA vs NVCR's -16.5%, ROIC 9.7% vs -16.4% |
LMAT vs NVCR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
LMAT 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 — 2.6x LMAT's $256M. LMAT is the more profitable business, keeping 24.3% of every revenue dollar as net income compared to NVCR's -25.7%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $256M | $674M |
| EBITDAEarnings before interest/tax | $81M | -$165M |
| Net IncomeAfter-tax profit | $62M | -$173M |
| Free Cash FlowCash after capex | $79M | -$48M |
| Gross MarginGross profit ÷ Revenue | +72.4% | +75.2% |
| Operating MarginEBIT ÷ Revenue | +28.5% | -27.2% |
| Net MarginNet income ÷ Revenue | +24.3% | -25.7% |
| FCF MarginFCF ÷ Revenue | +30.9% | -7.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +11.2% | +12.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +41.7% | -100.0% |
Valuation Metrics
NVCR leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $2.5B | $1.9B |
| Enterprise ValueMkt cap + debt − cash | $2.6B | $2.1B |
| Trailing P/EPrice ÷ TTM EPS | 42.82x | -13.80x |
| Forward P/EPrice ÷ next-FY EPS est. | 37.17x | — |
| PEG RatioP/E ÷ EPS growth rate | 2.21x | — |
| EV / EBITDAEnterprise value multiple | 33.39x | — |
| Price / SalesMarket cap ÷ Revenue | 9.85x | 2.92x |
| Price / BookPrice ÷ Book value/share | 6.29x | 5.51x |
| Price / FCFMarket cap ÷ FCF | 33.01x | — |
Profitability & Efficiency
LMAT leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
LMAT delivers a 16.2% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $-51 for NVCR. LMAT carries lower financial leverage with a 0.47x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), LMAT scores 7/9 vs NVCR's 5/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +16.2% | -50.8% |
| ROA (TTM)Return on assets | +10.3% | -16.5% |
| ROICReturn on invested capital | +9.7% | -16.4% |
| ROCEReturn on capital employed | +12.3% | -28.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 5 |
| Debt / EquityFinancial leverage | 0.47x | 0.85x |
| Net DebtTotal debt minus cash | $157M | $187M |
| Cash & Equiv.Liquid assets | $28M | $103M |
| Total DebtShort + long-term debt | $186M | $290M |
| Interest CoverageEBIT ÷ Interest expense | 24.99x | -96.80x |
Total Returns (Dividends Reinvested)
LMAT leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LMAT five years ago would be worth $21,818 today (with dividends reinvested), compared to $875 for NVCR. Over the past 12 months, LMAT leads with a +33.3% total return vs NVCR's +1.1%. The 3-year compound annual growth rate (CAGR) favors LMAT at 18.2% vs NVCR's -37.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +34.9% | +28.3% |
| 1-Year ReturnPast 12 months | +33.3% | +1.1% |
| 3-Year ReturnCumulative with dividends | +65.2% | -75.7% |
| 5-Year ReturnCumulative with dividends | +118.2% | -91.3% |
| 10-Year ReturnCumulative with dividends | +608.6% | +30.3% |
| CAGR (3Y)Annualised 3-year return | +18.2% | -37.6% |
Risk & Volatility
LMAT leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
LMAT is the less volatile stock with a 0.57 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. LMAT currently trades 91.4% from its 52-week high vs NVCR's 83.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.57x | 2.20x |
| 52-Week HighHighest price in past year | $118.12 | $20.06 |
| 52-Week LowLowest price in past year | $78.35 | $9.82 |
| % of 52W HighCurrent price vs 52-week peak | +91.4% | +83.9% |
| RSI (14)Momentum oscillator 0–100 | 48.3 | 69.8 |
| Avg Volume (50D)Average daily shares traded | 244K | 1.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates LMAT as "Buy" and NVCR as "Buy". Consensus price targets imply 99.0% upside for NVCR (target: $34) vs -5.9% for LMAT (target: $102). LMAT is the only dividend payer here at 0.73% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $101.50 | $33.50 |
| # AnalystsCovering analysts | 20 | 15 |
| Dividend YieldAnnual dividend ÷ price | +0.7% | — |
| Dividend StreakConsecutive years of raises | 15 | — |
| Dividend / ShareAnnual DPS | $0.79 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
LMAT leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). NVCR leads in 1 (Valuation Metrics).
LMAT vs NVCR: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is LMAT or NVCR a better buy right now?
For growth investors, LeMaitre Vascular, Inc.
(LMAT) is the stronger pick with 13. 5% revenue growth year-over-year, versus 8. 3% for NovoCure Limited (NVCR). LeMaitre Vascular, Inc. (LMAT) offers the better valuation at 42. 8x trailing P/E (37. 2x forward), making it the more compelling value choice. Analysts rate LeMaitre Vascular, Inc. (LMAT) a "Buy" — based on 20 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 — LMAT or NVCR?
Over the past 5 years, LeMaitre Vascular, Inc.
(LMAT) delivered a total return of +118. 2%, compared to -91. 3% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: LMAT returned +608. 6% versus NVCR's +30. 3%. 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 — LMAT or NVCR?
By beta (market sensitivity over 5 years), LeMaitre Vascular, Inc.
(LMAT) is the lower-risk stock at 0. 57β versus NovoCure Limited's 2. 20β — meaning NVCR is approximately 284% more volatile than LMAT relative to the S&P 500. On balance sheet safety, LeMaitre Vascular, Inc. (LMAT) carries a lower debt/equity ratio of 47% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.
04Which is growing faster — LMAT or NVCR?
By revenue growth (latest reported year), LeMaitre Vascular, Inc.
(LMAT) is pulling ahead at 13. 5% versus 8. 3% for NovoCure Limited (NVCR). On earnings-per-share growth, the picture is similar: LeMaitre Vascular, Inc. grew EPS 30. 6% year-over-year, compared to 21. 8% for NovoCure Limited. Over a 3-year CAGR, LMAT leads at 15. 6% 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 — LMAT or NVCR?
LeMaitre Vascular, Inc.
(LMAT) is the more profitable company, earning 23. 1% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 23. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LMAT leads at 27. 2% 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.
06Is LMAT or NVCR more undervalued right now?
Analyst consensus price targets imply the most upside for NVCR: 99.
0% to $33. 50.
07Which pays a better dividend — LMAT or NVCR?
In this comparison, LMAT (0.
7% yield) pays a dividend. NVCR does not pay a meaningful dividend and should not be held primarily for income.
08Is LMAT or NVCR better for a retirement portfolio?
For long-horizon retirement investors, LeMaitre Vascular, Inc.
(LMAT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 57), 0. 7% yield, +608. 6% 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 (LMAT: +608. 6%, 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.
09What are the main differences between LMAT 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.
LMAT pays a dividend while NVCR does 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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