Medical - Devices
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5 / 10Stock Comparison
NUWE vs NVCR vs ANGO vs ATRC vs CNMD
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Instruments & Supplies
Medical - Instruments & Supplies
Medical - Devices
NUWE vs NVCR vs ANGO vs ATRC vs CNMD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Devices | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Devices |
| Market Cap | $2M | $1.92B | $469M | $1.41B | $1.17B |
| Revenue (TTM) | $8M | $674M | $307M | $552M | $1.37B |
| Net Income (TTM) | $-18M | $-173M | $-28M | $-5M | $55M |
| Gross Margin | 62.0% | 75.2% | 53.7% | 75.5% | 53.6% |
| Operating Margin | -134.3% | -27.2% | -9.4% | -0.4% | 11.3% |
| Forward P/E | — | — | — | 370.7x | 8.7x |
| Total Debt | $328K | $290M | $0.00 | $88M | $835M |
| Cash & Equiv. | $1M | $103M | $56M | $167M | $41M |
NUWE vs NVCR vs ANGO vs ATRC vs CNMD — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Nuwellis, Inc. (NUWE) | 100 | 0.0 | -100.0% |
| NovoCure Limited (NVCR) | 100 | 25.0 | -75.0% |
| AngioDynamics, Inc. (ANGO) | 100 | 110.4 | +10.4% |
| AtriCure, Inc. (ATRC) | 100 | 58.1 | -41.9% |
| CONMED Corporation (CNMD) | 100 | 51.9 | -48.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NUWE vs NVCR vs ANGO vs ATRC vs CNMD
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NUWE lags the leaders in this set but could rank higher in a more targeted comparison.
Among these 5 stocks, NVCR doesn't own a clear edge in any measured category.
ANGO ranks third and is worth considering specifically for momentum.
- +28.5% vs NUWE's -97.2%
ATRC is the #2 pick in this set and the best alternative if income & stability and growth exposure is your priority.
- beta 1.03
- Rev growth 14.9%, EPS growth 74.7%, 3Y rev CAGR 17.4%
- 95.1% 10Y total return vs NVCR's 30.3%
- Lower volatility, beta 1.03, Low D/E 17.9%, current ratio 3.96x
CNMD carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (8.7x vs 370.7x)
- 4.0% margin vs NUWE's -211.9%
- 2.1% yield; 2-year raise streak; the other 4 pay no meaningful dividend
- 2.4% ROA vs NUWE's -231.2%, ROIC 5.8% vs -433.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 14.9% revenue growth vs NUWE's -5.4% | |
| Value | Lower P/E (8.7x vs 370.7x) | |
| Quality / Margins | 4.0% margin vs NUWE's -211.9% | |
| Stability / Safety | Beta 1.03 vs NVCR's 2.20, lower leverage | |
| Dividends | 2.1% yield; 2-year raise streak; the other 4 pay no meaningful dividend | |
| Momentum (1Y) | +28.5% vs NUWE's -97.2% | |
| Efficiency (ROA) | 2.4% ROA vs NUWE's -231.2%, ROIC 5.8% vs -433.0% |
NUWE vs NVCR vs ANGO vs ATRC vs CNMD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
NUWE vs NVCR vs ANGO vs ATRC vs CNMD — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CNMD leads in 2 of 6 categories
ANGO leads 1 • NUWE leads 0 • NVCR leads 0 • ATRC leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — ATRC and CNMD each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CNMD is the larger business by revenue, generating $1.4B annually — 165.9x NUWE's $8M. CNMD is the more profitable business, keeping 4.0% of every revenue dollar as net income compared to NUWE's -2.1%. On growth, ATRC holds the edge at +14.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $8M | $674M | $307M | $552M | $1.4B |
| EBITDAEarnings before interest/tax | -$8M | -$165M | -$5M | $13M | $219M |
| Net IncomeAfter-tax profit | -$18M | -$173M | -$28M | -$5M | $55M |
| Free Cash FlowCash after capex | -$11M | -$48M | -$9M | $54M | $124M |
| Gross MarginGross profit ÷ Revenue | +62.0% | +75.2% | +53.7% | +75.5% | +53.6% |
| Operating MarginEBIT ÷ Revenue | -134.3% | -27.2% | -9.4% | -0.4% | +11.3% |
| Net MarginNet income ÷ Revenue | -2.1% | -25.7% | -9.0% | -0.8% | +4.0% |
| FCF MarginFCF ÷ Revenue | -131.8% | -7.1% | -3.0% | +9.7% | +9.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.4% | +12.3% | +9.0% | +14.3% | -0.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.4% | -100.0% | +42.3% | +101.6% | +136.8% |
Valuation Metrics
CNMD leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, CNMD's 10.2x EV/EBITDA is more attractive than ATRC's 77.7x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $2M | $1.9B | $469M | $1.4B | $1.2B |
| Enterprise ValueMkt cap + debt − cash | $1M | $2.1B | $413M | $1.3B | $2.0B |
| Trailing P/EPrice ÷ TTM EPS | -0.04x | -13.80x | -13.58x | -115.83x | 25.22x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | 370.67x | 8.71x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | 0.69x |
| EV / EBITDAEnterprise value multiple | — | — | — | 77.75x | 10.17x |
| Price / SalesMarket cap ÷ Revenue | 0.22x | 2.92x | 1.60x | 2.63x | 0.85x |
| Price / BookPrice ÷ Book value/share | 2.89x | 5.51x | 2.52x | 2.70x | 1.15x |
| Price / FCFMarket cap ÷ FCF | — | — | — | 29.15x | 7.78x |
Profitability & Efficiency
CNMD leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CNMD delivers a 5.4% return on equity — every $100 of shareholder capital generates $5 in annual profit, vs $-60 for NUWE. NUWE carries lower financial leverage with a 0.13x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), NVCR scores 5/9 vs NUWE's 3/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -60.5% | -50.8% | -15.7% | -1.0% | +5.4% |
| ROA (TTM)Return on assets | -2.3% | -16.5% | -10.3% | -0.7% | +2.4% |
| ROICReturn on invested capital | -4.3% | -16.4% | -22.9% | -0.6% | +5.8% |
| ROCEReturn on capital employed | -2.1% | -28.9% | -18.6% | -0.6% | +7.0% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 | 5 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.13x | 0.85x | — | 0.18x | 0.81x |
| Net DebtTotal debt minus cash | -$757,000 | $187M | -$56M | -$79M | $794M |
| Cash & Equiv.Liquid assets | $1M | $103M | $56M | $167M | $41M |
| Total DebtShort + long-term debt | $328,000 | $290M | $0 | $88M | $835M |
| Interest CoverageEBIT ÷ Interest expense | -0.75x | -96.80x | -258.19x | 0.47x | 5.20x |
Total Returns (Dividends Reinvested)
ANGO leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ANGO five years ago would be worth $4,674 today (with dividends reinvested), compared to $0 for NUWE. Over the past 12 months, ANGO leads with a +28.5% total return vs NUWE's -97.2%. The 3-year compound annual growth rate (CAGR) favors ANGO at 7.9% vs NUWE's -94.5% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -39.2% | +28.3% | -11.1% | -29.2% | -6.0% |
| 1-Year ReturnPast 12 months | -97.2% | +1.1% | +28.5% | -8.3% | -31.3% |
| 3-Year ReturnCumulative with dividends | -100.0% | -75.7% | +25.8% | -41.8% | -67.3% |
| 5-Year ReturnCumulative with dividends | -100.0% | -91.3% | -53.3% | -64.2% | -71.0% |
| 10-Year ReturnCumulative with dividends | -100.0% | +30.3% | -9.2% | +95.1% | +6.6% |
| CAGR (3Y)Annualised 3-year return | -94.5% | -37.6% | +7.9% | -16.5% | -31.1% |
Risk & Volatility
Evenly matched — NVCR and ATRC each lead in 1 of 2 comparable metrics.
Risk & Volatility
ATRC is the less volatile stock with a 1.03 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 NUWE's 2.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.11x | 2.20x | 1.32x | 1.03x | 1.34x |
| 52-Week HighHighest price in past year | $43.26 | $20.06 | $13.99 | $43.18 | $61.08 |
| 52-Week LowLowest price in past year | $0.96 | $9.82 | $8.36 | $26.62 | $33.21 |
| % of 52W HighCurrent price vs 52-week peak | +2.5% | +83.9% | +80.6% | +64.4% | +62.4% |
| RSI (14)Momentum oscillator 0–100 | 41.8 | 69.8 | 54.0 | 45.0 | 49.6 |
| Avg Volume (50D)Average daily shares traded | 61K | 1.5M | 395K | 669K | 406K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: NVCR as "Buy", ANGO as "Hold", ATRC as "Buy", CNMD as "Hold". Consensus price targets imply 104.8% upside for CNMD (target: $78) vs 46.4% for ANGO (target: $17). CNMD is the only dividend payer here at 2.09% yield — a key consideration for income-focused portfolios.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Hold | Buy | Hold |
| Price TargetConsensus 12-month target | — | $33.50 | $16.50 | $50.67 | $78.00 |
| # AnalystsCovering analysts | — | 15 | 11 | 19 | 21 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — | +2.1% |
| Dividend StreakConsecutive years of raises | — | — | — | — | 2 |
| Dividend / ShareAnnual DPS | — | — | — | — | $0.79 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +0.4% | +0.8% | 0.0% |
CNMD leads in 2 of 6 categories (Valuation Metrics, Profitability & Efficiency). ANGO leads in 1 (Total Returns). 2 tied.
NUWE vs NVCR vs ANGO vs ATRC vs CNMD: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NUWE or NVCR or ANGO or ATRC or CNMD a better buy right now?
For growth investors, AtriCure, Inc.
(ATRC) is the stronger pick with 14. 9% revenue growth year-over-year, versus -5. 4% for Nuwellis, Inc. (NUWE). CONMED Corporation (CNMD) offers the better valuation at 25. 2x trailing P/E (8. 7x forward), making it the more compelling value choice. Analysts rate NovoCure Limited (NVCR) a "Buy" — based on 15 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 — NUWE or NVCR or ANGO or ATRC or CNMD?
On forward P/E, CONMED Corporation is actually cheaper at 8.
7x.
03Which is the better long-term investment — NUWE or NVCR or ANGO or ATRC or CNMD?
Over the past 5 years, AngioDynamics, Inc.
(ANGO) delivered a total return of -53. 3%, compared to -100. 0% for Nuwellis, Inc. (NUWE). Over 10 years, the gap is even starker: ATRC returned +95. 1% versus NUWE's -100. 0%. 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 — NUWE or NVCR or ANGO or ATRC or CNMD?
By beta (market sensitivity over 5 years), AtriCure, Inc.
(ATRC) is the lower-risk stock at 1. 03β versus NovoCure Limited's 2. 20β — meaning NVCR is approximately 115% more volatile than ATRC relative to the S&P 500. On balance sheet safety, Nuwellis, Inc. (NUWE) carries a lower debt/equity ratio of 13% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — NUWE or NVCR or ANGO or ATRC or CNMD?
By revenue growth (latest reported year), AtriCure, Inc.
(ATRC) is pulling ahead at 14. 9% versus -5. 4% for Nuwellis, Inc. (NUWE). On earnings-per-share growth, the picture is similar: AngioDynamics, Inc. grew EPS 81. 9% year-over-year, compared to -217. 4% for Nuwellis, Inc.. 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 — NUWE or NVCR or ANGO or ATRC or CNMD?
CONMED Corporation (CNMD) is the more profitable company, earning 3.
4% net margin versus -211. 8% for Nuwellis, Inc. — meaning it keeps 3. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CNMD leads at 10. 3% versus -134. 3% for NUWE. 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 NUWE or NVCR or ANGO or ATRC or CNMD more undervalued right now?
On forward earnings alone, CONMED Corporation (CNMD) trades at 8.
7x forward P/E versus 370. 7x for AtriCure, Inc. — 362. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CNMD: 104. 8% to $78. 00.
08Which pays a better dividend — NUWE or NVCR or ANGO or ATRC or CNMD?
In this comparison, CNMD (2.
1% yield) pays a dividend. NUWE, NVCR, ANGO, ATRC do not pay a meaningful dividend and should not be held primarily for income.
09Is NUWE or NVCR or ANGO or ATRC or CNMD better for a retirement portfolio?
For long-horizon retirement investors, CONMED Corporation (CNMD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (2.
1% yield). 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 (CNMD: +6. 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.
10What are the main differences between NUWE and NVCR and ANGO and ATRC and CNMD?
Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
CNMD pays a dividend while NUWE, NVCR, ANGO, ATRC 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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