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Stock Comparison

NVNO vs ELMD vs NVCR vs ATRC

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

Live fundamentals10-year financials5-year price chart
NVNO
enVVeno Medical Corporation

Medical - Devices

HealthcareNASDAQ • US
Market Cap$7M
5Y Perf.+22.0%
ELMD
Electromed, Inc.

Medical - Devices

HealthcareAMEX • US
Market Cap$223M
5Y Perf.+86.8%
NVCR
NovoCure Limited

Medical - Instruments & Supplies

HealthcareNASDAQ • JE
Market Cap$2.04B
5Y Perf.-73.5%
ATRC
AtriCure, Inc.

Medical - Instruments & Supplies

HealthcareNASDAQ • US
Market Cap$1.33B
5Y Perf.-45.0%

NVNO vs ELMD vs NVCR vs ATRC — Key Financials

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

Company Snapshot
NVNO logoNVNO
ELMD logoELMD
NVCR logoNVCR
ATRC logoATRC
IndustryMedical - DevicesMedical - DevicesMedical - Instruments & SuppliesMedical - Instruments & Supplies
Market Cap$7M$223M$2.04B$1.33B
Revenue (TTM)$0.00$69M$674M$552M
Net Income (TTM)$-19M$9M$-173M$-5M
Gross Margin78.2%75.2%75.5%
Operating Margin16.7%-27.2%-0.4%
Forward P/E24.5x428.7x
Total Debt$700K$198K$290M$88M
Cash & Equiv.$3M$15M$103M$167M

NVNO vs ELMD vs NVCR vs ATRCLong-Term Stock Performance

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

NVNO
ELMD
NVCR
ATRC
StockMay 20May 26Return
enVVeno Medical Cor… (NVNO)100122.0+22.0%
Electromed, Inc. (ELMD)100186.8+86.8%
NovoCure Limited (NVCR)10026.5-73.5%
AtriCure, Inc. (ATRC)10055.0-45.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: NVNO vs ELMD vs NVCR vs ATRC

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

Bottom line: ELMD leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. enVVeno Medical Corporation is the stronger pick specifically for recent price momentum and sentiment. ATRC also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
NVNO
enVVeno Medical Corporation
The Momentum Pick

NVNO is the #2 pick in this set and the best alternative if momentum is your priority.

  • +173.8% vs ATRC's -15.7%
Best for: momentum
ELMD
Electromed, Inc.
The Growth Play

ELMD carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.

  • Rev growth 17.0%, EPS growth 48.3%, 3Y rev CAGR 15.4%
  • 484.2% 10Y total return vs ATRC's 84.4%
  • Lower volatility, beta 1.01, Low D/E 0.5%, current ratio 4.31x
  • 17.0% revenue growth vs NVCR's 8.3%
Best for: growth exposure and long-term compounding
NVCR
NovoCure Limited
The Secondary Option

NVCR lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: healthcare exposure
ATRC
AtriCure, Inc.
The Income Pick

ATRC is the clearest fit if your priority is income & stability and defensive.

  • beta 0.95
  • Beta 0.95, current ratio 3.96x
  • Beta 0.95 vs NVCR's 2.15, lower leverage
Best for: income & stability and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthELMD logoELMD17.0% revenue growth vs NVCR's 8.3%
ValueELMD logoELMDLower P/E (24.5x vs 428.7x)
Quality / MarginsELMD logoELMD13.1% margin vs NVCR's -25.7%
Stability / SafetyATRC logoATRCBeta 0.95 vs NVCR's 2.15, lower leverage
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)NVNO logoNVNO+173.8% vs ATRC's -15.7%
Efficiency (ROA)ELMD logoELMD16.4% ROA vs NVNO's -60.4%, ROIC 25.6% vs -47.3%

NVNO vs ELMD vs NVCR vs ATRC — Revenue Breakdown by Segment

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

NVNOenVVeno Medical Corporation
FY 2019
Royalty Income
100.0%$31,243
ELMDElectromed, Inc.
FY 2024
Home Care
50.4%$841,000
Other
49.6%$826,000
NVCRNovoCure Limited

Segment breakdown not available.

ATRCAtriCure, Inc.
FY 2025
Shipping and Handling
100.0%$2M

NVNO vs ELMD vs NVCR vs ATRC — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLELMDLAGGINGATRC

Income & Cash Flow (Last 12 Months)

ELMD leads this category, winning 5 of 6 comparable metrics.

NVCR and NVNO operate at a comparable scale, with $674M and $0 in trailing revenue. ELMD is the more profitable business, keeping 13.1% of every revenue dollar as net income compared to NVCR's -25.7%. On growth, ELMD holds the edge at +16.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricNVNO logoNVNOenVVeno Medical C…ELMD logoELMDElectromed, Inc.NVCR logoNVCRNovoCure LimitedATRC logoATRCAtriCure, Inc.
RevenueTrailing 12 months$0$69M$674M$552M
EBITDAEarnings before interest/tax-$20M$12M-$165M$13M
Net IncomeAfter-tax profit-$19M$9M-$173M-$5M
Free Cash FlowCash after capex-$15M$9M-$48M$54M
Gross MarginGross profit ÷ Revenue+78.2%+75.2%+75.5%
Operating MarginEBIT ÷ Revenue+16.7%-27.2%-0.4%
Net MarginNet income ÷ Revenue+13.1%-25.7%-0.8%
FCF MarginFCF ÷ Revenue+13.4%-7.1%+9.7%
Rev. Growth (YoY)Latest quarter vs prior year+16.3%+12.3%+14.3%
EPS Growth (YoY)Latest quarter vs prior year+97.8%+45.5%-100.0%+101.6%
ELMD leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

ELMD leads this category, winning 3 of 6 comparable metrics.

On an enterprise value basis, ELMD's 19.2x EV/EBITDA is more attractive than ATRC's 73.2x.

MetricNVNO logoNVNOenVVeno Medical C…ELMD logoELMDElectromed, Inc.NVCR logoNVCRNovoCure LimitedATRC logoATRCAtriCure, Inc.
Market CapShares × price$7M$223M$2.0B$1.3B
Enterprise ValueMkt cap + debt − cash$4M$208M$2.2B$1.3B
Trailing P/EPrice ÷ TTM EPS-0.30x31.31x-14.66x-109.50x
Forward P/EPrice ÷ next-FY EPS est.24.48x428.71x
PEG RatioP/E ÷ EPS growth rate2.44x
EV / EBITDAEnterprise value multiple19.19x73.24x
Price / SalesMarket cap ÷ Revenue3.48x3.11x2.49x
Price / BookPrice ÷ Book value/share0.22x5.43x5.86x2.55x
Price / FCFMarket cap ÷ FCF20.11x27.56x
ELMD leads this category, winning 3 of 6 comparable metrics.

Profitability & Efficiency

ELMD leads this category, winning 7 of 9 comparable metrics.

ELMD delivers a 19.8% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $-66 for NVNO. ELMD carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), ELMD scores 7/9 vs NVNO's 1/9, reflecting strong financial health.

MetricNVNO logoNVNOenVVeno Medical C…ELMD logoELMDElectromed, Inc.NVCR logoNVCRNovoCure LimitedATRC logoATRCAtriCure, Inc.
ROE (TTM)Return on equity-66.4%+19.8%-50.8%-1.0%
ROA (TTM)Return on assets-60.4%+16.4%-16.5%-0.7%
ROICReturn on invested capital-47.3%+25.6%-16.4%-0.6%
ROCEReturn on capital employed-59.5%+22.0%-28.9%-0.6%
Piotroski ScoreFundamental quality 0–91755
Debt / EquityFinancial leverage0.03x0.00x0.85x0.18x
Net DebtTotal debt minus cash-$2M-$15M$187M-$79M
Cash & Equiv.Liquid assets$3M$15M$103M$167M
Total DebtShort + long-term debt$700,000$198,000$290M$88M
Interest CoverageEBIT ÷ Interest expense-96.80x0.47x
ELMD leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

NVNO leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in ELMD five years ago would be worth $26,849 today (with dividends reinvested), compared to $983 for NVCR. Over the past 12 months, NVNO leads with a +173.8% total return vs ATRC's -15.7%. The 3-year compound annual growth rate (CAGR) favors NVNO at 39.8% vs NVCR's -36.4% — a key indicator of consistent wealth creation.

MetricNVNO logoNVNOenVVeno Medical C…ELMD logoELMDElectromed, Inc.NVCR logoNVCRNovoCure LimitedATRC logoATRCAtriCure, Inc.
YTD ReturnYear-to-date+2740.0%-1.7%+36.4%-33.1%
1-Year ReturnPast 12 months+173.8%+21.1%+2.6%-15.7%
3-Year ReturnCumulative with dividends+173.1%+145.3%-74.2%-45.0%
5-Year ReturnCumulative with dividends+87.9%+168.5%-90.2%-64.2%
10-Year ReturnCumulative with dividends-92.4%+484.2%+38.5%+84.4%
CAGR (3Y)Annualised 3-year return+39.8%+34.9%-36.4%-18.1%
NVNO leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — NVCR and ATRC each lead in 1 of 2 comparable metrics.

ATRC is the less volatile stock with a 0.95 beta — it tends to amplify market swings less than NVCR's 2.15 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NVCR currently trades 89.2% from its 52-week high vs ATRC's 60.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricNVNO logoNVNOenVVeno Medical C…ELMD logoELMDElectromed, Inc.NVCR logoNVCRNovoCure LimitedATRC logoATRCAtriCure, Inc.
Beta (5Y)Sensitivity to S&P 5002.02x1.01x2.15x0.95x
52-Week HighHighest price in past year$13.00$30.73$20.06$43.18
52-Week LowLowest price in past year$0.30$17.73$9.82$26.10
% of 52W HighCurrent price vs 52-week peak+76.5%+87.6%+89.2%+60.9%
RSI (14)Momentum oscillator 0–10041.263.170.944.0
Avg Volume (50D)Average daily shares traded13K41K1.4M678K
Evenly matched — NVCR and ATRC each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: ELMD as "Buy", NVCR as "Buy", ATRC as "Buy". Consensus price targets imply 95.3% upside for ATRC (target: $51) vs 41.1% for ELMD (target: $38).

MetricNVNO logoNVNOenVVeno Medical C…ELMD logoELMDElectromed, Inc.NVCR logoNVCRNovoCure LimitedATRC logoATRCAtriCure, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuyBuy
Price TargetConsensus 12-month target$38.00$33.50$51.33
# AnalystsCovering analysts41519
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+4.5%0.0%+0.8%
Insufficient data to determine a leader in this category.
Key Takeaway

ELMD leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). NVNO leads in 1 (Total Returns). 1 tied.

Best OverallElectromed, Inc. (ELMD)Leads 3 of 6 categories
Loading custom metrics...

NVNO vs ELMD vs NVCR vs ATRC: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is NVNO or ELMD or NVCR or ATRC a better buy right now?

For growth investors, Electromed, Inc.

(ELMD) is the stronger pick with 17. 0% revenue growth year-over-year, versus 8. 3% for NovoCure Limited (NVCR). Electromed, Inc. (ELMD) offers the better valuation at 31. 3x trailing P/E (24. 5x forward), making it the more compelling value choice. Analysts rate Electromed, Inc. (ELMD) a "Buy" — based on 4 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 has the better valuation — NVNO or ELMD or NVCR or ATRC?

On forward P/E, Electromed, Inc.

is actually cheaper at 24. 5x.

03

Which is the better long-term investment — NVNO or ELMD or NVCR or ATRC?

Over the past 5 years, Electromed, Inc.

(ELMD) delivered a total return of +168. 5%, compared to -90. 2% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: ELMD returned +484. 2% versus NVNO's -92. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — NVNO or ELMD or NVCR or ATRC?

By beta (market sensitivity over 5 years), AtriCure, Inc.

(ATRC) is the lower-risk stock at 0. 95β versus NovoCure Limited's 2. 15β — meaning NVCR is approximately 127% more volatile than ATRC relative to the S&P 500. On balance sheet safety, Electromed, Inc. (ELMD) carries a lower debt/equity ratio of 0% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.

05

Which is growing faster — NVNO or ELMD or NVCR or ATRC?

By revenue growth (latest reported year), Electromed, Inc.

(ELMD) is pulling ahead at 17. 0% versus 8. 3% for NovoCure Limited (NVCR). On earnings-per-share growth, the picture is similar: enVVeno Medical Corporation grew EPS 97. 9% 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.

06

Which has better profit margins — NVNO or ELMD or NVCR or ATRC?

Electromed, Inc.

(ELMD) is the more profitable company, earning 11. 8% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 11. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ELMD leads at 15. 1% versus -23. 5% for NVCR. At the gross margin level — before operating expenses — ELMD leads at 78. 1%, 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.

07

Is NVNO or ELMD or NVCR or ATRC more undervalued right now?

On forward earnings alone, Electromed, Inc.

(ELMD) trades at 24. 5x forward P/E versus 428. 7x for AtriCure, Inc. — 404. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ATRC: 95. 3% to $51. 33.

08

Which pays a better dividend — NVNO or ELMD or NVCR or ATRC?

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.

09

Is NVNO or ELMD or NVCR or ATRC better for a retirement portfolio?

For long-horizon retirement investors, Electromed, Inc.

(ELMD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 01), +484. 2% 10Y return). enVVeno Medical Corporation (NVNO) carries a higher beta of 2. 02 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ELMD: +484. 2%, NVNO: -92. 4%), 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.

10

What are the main differences between NVNO and ELMD and NVCR and ATRC?

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: NVNO is a small-cap quality compounder stock; ELMD is a small-cap high-growth stock; NVCR is a small-cap quality compounder stock; ATRC is a small-cap quality compounder stock. 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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NVNO

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
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ELMD

High-Growth Compounder

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 8%
  • Net Margin > 7%
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NVCR

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Gross Margin > 45%
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ATRC

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 7%
  • Gross Margin > 45%
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