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Stock Comparison

PDEX vs MMSI vs ATRC vs NVCR

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

Live fundamentals10-year financials5-year price chart
PDEX
Pro-Dex, Inc.

Medical - Instruments & Supplies

HealthcareNASDAQ • US
Market Cap$190M
5Y Perf.+200.9%
MMSI
Merit Medical Systems, Inc.

Medical - Instruments & Supplies

HealthcareNASDAQ • US
Market Cap$3.65B
5Y Perf.+36.2%
ATRC
AtriCure, Inc.

Medical - Instruments & Supplies

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

Medical - Instruments & Supplies

HealthcareNASDAQ • JE
Market Cap$2.04B
5Y Perf.-73.5%

PDEX vs MMSI vs ATRC vs NVCR — Key Financials

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

Company Snapshot
PDEX logoPDEX
MMSI logoMMSI
ATRC logoATRC
NVCR logoNVCR
IndustryMedical - Instruments & SuppliesMedical - Instruments & SuppliesMedical - Instruments & SuppliesMedical - Instruments & Supplies
Market Cap$190M$3.65B$1.33B$2.04B
Revenue (TTM)$75M$1.54B$552M$674M
Net Income (TTM)$12M$139M$-5M$-173M
Gross Margin27.8%48.7%75.5%75.2%
Operating Margin14.5%12.2%-0.4%-27.2%
Forward P/E24.9x15.1x428.7x
Total Debt$17M$898M$88M$290M
Cash & Equiv.$419K$449M$167M$103M

PDEX vs MMSI vs ATRC vs NVCRLong-Term Stock Performance

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

PDEX
MMSI
ATRC
NVCR
StockMay 20May 26Return
Pro-Dex, Inc. (PDEX)100300.9+200.9%
Merit Medical Syste… (MMSI)100136.2+36.2%
AtriCure, Inc. (ATRC)10055.0-45.0%
NovoCure Limited (NVCR)10026.5-73.5%

Price return only. Dividends and distributions are not included.

Quick Verdict: PDEX vs MMSI vs ATRC vs NVCR

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

Bottom line: PDEX leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Merit Medical Systems, Inc. is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
PDEX
Pro-Dex, Inc.
The Growth Play

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

  • Rev growth 23.7%, EPS growth 345.0%, 3Y rev CAGR 16.6%
  • 14.7% 10Y total return vs MMSI's 209.3%
  • 23.7% revenue growth vs NVCR's 8.3%
  • 16.1% margin vs NVCR's -25.7%
Best for: growth exposure and long-term compounding
MMSI
Merit Medical Systems, Inc.
The Income Pick

MMSI is the #2 pick in this set and the best alternative if income & stability and sleep-well-at-night is your priority.

  • beta 0.66
  • Lower volatility, beta 0.66, Low D/E 56.7%, current ratio 4.34x
  • Beta 0.66, current ratio 4.34x
  • Better valuation composite
Best for: income & stability and sleep-well-at-night
ATRC
AtriCure, Inc.
The Specific-Use Pick

ATRC plays a supporting role in this comparison — it may shine differently against other peers.

Best for: healthcare exposure
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
See the full category breakdown
CategoryWinnerWhy
GrowthPDEX logoPDEX23.7% revenue growth vs NVCR's 8.3%
ValueMMSI logoMMSIBetter valuation composite
Quality / MarginsPDEX logoPDEX16.1% margin vs NVCR's -25.7%
Stability / SafetyMMSI logoMMSIBeta 0.66 vs NVCR's 2.15, lower leverage
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)PDEX logoPDEX+36.6% vs MMSI's -36.2%
Efficiency (ROA)PDEX logoPDEX18.3% ROA vs NVCR's -16.5%, ROIC 17.0% vs -16.4%

PDEX vs MMSI vs ATRC vs NVCR — Revenue Breakdown by Segment

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

PDEXPro-Dex, Inc.
FY 2013
Non Warranty Repairs
100.0%$722,000
MMSIMerit Medical Systems, Inc.
FY 2025
Cardiovascular
95.2%$1.4B
Endoscopy
4.8%$73M
ATRCAtriCure, Inc.
FY 2025
Shipping and Handling
100.0%$2M
NVCRNovoCure Limited

Segment breakdown not available.

PDEX vs MMSI vs ATRC vs NVCR — Financial Metrics

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

BEST OVERALLPDEXLAGGINGNVCR

Income & Cash Flow (Last 12 Months)

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

MMSI is the larger business by revenue, generating $1.5B annually — 20.7x PDEX's $75M. PDEX is the more profitable business, keeping 16.1% of every revenue dollar as net income compared to NVCR's -25.7%. On growth, PDEX holds the edge at +14.6% YoY revenue growth, suggesting stronger near-term business momentum.

MetricPDEX logoPDEXPro-Dex, Inc.MMSI logoMMSIMerit Medical Sys…ATRC logoATRCAtriCure, Inc.NVCR logoNVCRNovoCure Limited
RevenueTrailing 12 months$75M$1.5B$552M$674M
EBITDAEarnings before interest/tax$13M$290M$13M-$165M
Net IncomeAfter-tax profit$12M$139M-$5M-$173M
Free Cash FlowCash after capex$7M$274M$54M-$48M
Gross MarginGross profit ÷ Revenue+27.8%+48.7%+75.5%+75.2%
Operating MarginEBIT ÷ Revenue+14.5%+12.2%-0.4%-27.2%
Net MarginNet income ÷ Revenue+16.1%+9.0%-0.8%-25.7%
FCF MarginFCF ÷ Revenue+9.5%+17.8%+9.7%-7.1%
Rev. Growth (YoY)Latest quarter vs prior year+14.6%+7.8%+14.3%+12.3%
EPS Growth (YoY)Latest quarter vs prior year+22.4%+38.8%+101.6%-100.0%
PDEX leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

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

At 22.2x trailing earnings, PDEX trades at a 23% valuation discount to MMSI's 28.8x P/E. On an enterprise value basis, MMSI's 12.9x EV/EBITDA is more attractive than ATRC's 73.2x.

MetricPDEX logoPDEXPro-Dex, Inc.MMSI logoMMSIMerit Medical Sys…ATRC logoATRCAtriCure, Inc.NVCR logoNVCRNovoCure Limited
Market CapShares × price$190M$3.7B$1.3B$2.0B
Enterprise ValueMkt cap + debt − cash$206M$4.1B$1.3B$2.2B
Trailing P/EPrice ÷ TTM EPS22.20x28.77x-109.50x-14.66x
Forward P/EPrice ÷ next-FY EPS est.24.90x15.05x428.71x
PEG RatioP/E ÷ EPS growth rate1.82x
EV / EBITDAEnterprise value multiple17.29x12.87x73.24x
Price / SalesMarket cap ÷ Revenue2.85x2.41x2.49x3.11x
Price / BookPrice ÷ Book value/share5.44x2.34x2.55x5.86x
Price / FCFMarket cap ÷ FCF16.95x27.56x
MMSI leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

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

PDEX delivers a 29.1% return on equity — every $100 of shareholder capital generates $29 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), PDEX scores 6/9 vs NVCR's 5/9, reflecting solid financial health.

MetricPDEX logoPDEXPro-Dex, Inc.MMSI logoMMSIMerit Medical Sys…ATRC logoATRCAtriCure, Inc.NVCR logoNVCRNovoCure Limited
ROE (TTM)Return on equity+29.1%+8.9%-1.0%-50.8%
ROA (TTM)Return on assets+18.3%+5.2%-0.7%-16.5%
ROICReturn on invested capital+17.0%+7.2%-0.6%-16.4%
ROCEReturn on capital employed+24.8%+7.9%-0.6%-28.9%
Piotroski ScoreFundamental quality 0–96655
Debt / EquityFinancial leverage0.45x0.57x0.18x0.85x
Net DebtTotal debt minus cash$16M$450M-$79M$187M
Cash & Equiv.Liquid assets$419,000$449M$167M$103M
Total DebtShort + long-term debt$17M$898M$88M$290M
Interest CoverageEBIT ÷ Interest expense32.18x10.74x0.47x-96.80x
PDEX leads this category, winning 7 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

PDEX leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in PDEX five years ago would be worth $17,056 today (with dividends reinvested), compared to $983 for NVCR. Over the past 12 months, PDEX leads with a +36.6% total return vs MMSI's -36.2%. The 3-year compound annual growth rate (CAGR) favors PDEX at 55.7% vs NVCR's -36.4% — a key indicator of consistent wealth creation.

MetricPDEX logoPDEXPro-Dex, Inc.MMSI logoMMSIMerit Medical Sys…ATRC logoATRCAtriCure, Inc.NVCR logoNVCRNovoCure Limited
YTD ReturnYear-to-date+57.1%-29.1%-33.1%+36.4%
1-Year ReturnPast 12 months+36.6%-36.2%-15.7%+2.6%
3-Year ReturnCumulative with dividends+277.3%-27.8%-45.0%-74.2%
5-Year ReturnCumulative with dividends+70.6%-2.7%-64.2%-90.2%
10-Year ReturnCumulative with dividends+1472.2%+209.3%+84.4%+38.5%
CAGR (3Y)Annualised 3-year return+55.7%-10.3%-18.1%-36.4%
PDEX leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

Evenly matched — PDEX and MMSI each lead in 1 of 2 comparable metrics.

MMSI is the less volatile stock with a 0.66 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. PDEX currently trades 97.1% from its 52-week high vs ATRC's 60.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricPDEX logoPDEXPro-Dex, Inc.MMSI logoMMSIMerit Medical Sys…ATRC logoATRCAtriCure, Inc.NVCR logoNVCRNovoCure Limited
Beta (5Y)Sensitivity to S&P 5000.68x0.66x0.95x2.15x
52-Week HighHighest price in past year$61.05$100.19$43.18$20.06
52-Week LowLowest price in past year$23.47$59.74$26.10$9.82
% of 52W HighCurrent price vs 52-week peak+97.1%+61.2%+60.9%+89.2%
RSI (14)Momentum oscillator 0–10065.537.344.070.9
Avg Volume (50D)Average daily shares traded26K758K678K1.4M
Evenly matched — PDEX and MMSI each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: PDEX as "Buy", MMSI as "Buy", ATRC as "Buy", NVCR as "Buy". Consensus price targets imply 95.3% upside for ATRC (target: $51) vs 55.1% for MMSI (target: $95).

MetricPDEX logoPDEXPro-Dex, Inc.MMSI logoMMSIMerit Medical Sys…ATRC logoATRCAtriCure, Inc.NVCR logoNVCRNovoCure Limited
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$95.00$51.33$33.50
# AnalystsCovering analysts1141915
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises1
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+1.8%0.0%+0.8%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

PDEX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MMSI leads in 1 (Valuation Metrics). 1 tied.

Best OverallPro-Dex, Inc. (PDEX)Leads 3 of 6 categories
Loading custom metrics...

PDEX vs MMSI vs ATRC vs NVCR: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is PDEX or MMSI or ATRC or NVCR a better buy right now?

For growth investors, Pro-Dex, Inc.

(PDEX) is the stronger pick with 23. 7% revenue growth year-over-year, versus 8. 3% for NovoCure Limited (NVCR). Pro-Dex, Inc. (PDEX) offers the better valuation at 22. 2x trailing P/E (24. 9x forward), making it the more compelling value choice. Analysts rate Pro-Dex, Inc. (PDEX) 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.

02

Which has the better valuation — PDEX or MMSI or ATRC or NVCR?

On trailing P/E, Pro-Dex, Inc.

(PDEX) is the cheapest at 22. 2x versus Merit Medical Systems, Inc. at 28. 8x. On forward P/E, Merit Medical Systems, Inc. is actually cheaper at 15. 1x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — PDEX or MMSI or ATRC or NVCR?

Over the past 5 years, Pro-Dex, Inc.

(PDEX) delivered a total return of +70. 6%, compared to -90. 2% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: PDEX returned +1472% versus NVCR's +38. 5%. 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 — PDEX or MMSI or ATRC or NVCR?

By beta (market sensitivity over 5 years), Merit Medical Systems, Inc.

(MMSI) is the lower-risk stock at 0. 66β versus NovoCure Limited's 2. 15β — meaning NVCR is approximately 224% more volatile than MMSI 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.

05

Which is growing faster — PDEX or MMSI or ATRC or NVCR?

By revenue growth (latest reported year), Pro-Dex, Inc.

(PDEX) is pulling ahead at 23. 7% versus 8. 3% for NovoCure Limited (NVCR). On earnings-per-share growth, the picture is similar: Pro-Dex, Inc. grew EPS 345. 0% year-over-year, compared to 4. 9% for Merit Medical Systems, 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.

06

Which has better profit margins — PDEX or MMSI or ATRC or NVCR?

Pro-Dex, Inc.

(PDEX) is the more profitable company, earning 13. 5% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 13. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PDEX leads at 16. 1% 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.

07

Is PDEX or MMSI or ATRC or NVCR more undervalued right now?

On forward earnings alone, Merit Medical Systems, Inc.

(MMSI) trades at 15. 1x forward P/E versus 428. 7x for AtriCure, Inc. — 413. 7x 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 — PDEX or MMSI or ATRC or NVCR?

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 PDEX or MMSI or ATRC or NVCR better for a retirement portfolio?

For long-horizon retirement investors, Pro-Dex, Inc.

(PDEX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 68), +1472% 10Y return). NovoCure Limited (NVCR) carries a higher beta of 2. 15 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (PDEX: +1472%, NVCR: +38. 5%), 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 PDEX and MMSI and ATRC 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: PDEX is a small-cap high-growth stock; MMSI is a small-cap quality compounder stock; ATRC is a small-cap quality compounder stock; NVCR 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.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.

Stocks Like

PDEX

Steady Growth Compounder

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 7%
  • Net Margin > 9%
Run This Screen
Stocks Like

MMSI

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Net Margin > 5%
Run This Screen
Stocks Like

ATRC

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 7%
  • Gross Margin > 45%
Run This Screen
Stocks Like

NVCR

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 6%
  • Gross Margin > 45%
Run This Screen
Custom Screen

Beat Both

Find stocks that outperform PDEX and MMSI and ATRC and NVCR on the metrics below

Revenue Growth>
%
(PDEX: 14.6% · MMSI: 7.8%)
Net Margin>
%
(PDEX: 16.1% · MMSI: 9.0%)
P/E Ratio<
x
(PDEX: 22.2x · MMSI: 28.8x)

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