Medical - Instruments & Supplies
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5 / 10Stock Comparison
RMD vs NVCR vs MDT vs SYK vs ZBH
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Devices
Medical - Devices
Medical - Devices
RMD vs NVCR vs MDT vs SYK vs ZBH — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Devices | Medical - Devices | Medical - Devices |
| Market Cap | $30.15B | $1.92B | $99.94B | $112.69B | $16.32B |
| Revenue (TTM) | $5.54B | $674M | $35.48B | $25.12B | $8.41B |
| Net Income (TTM) | $1.52B | $-173M | $4.61B | $3.25B | $761M |
| Gross Margin | 61.7% | 75.2% | 61.9% | 63.5% | 70.0% |
| Operating Margin | 34.3% | -27.2% | 17.9% | 22.4% | 15.6% |
| Forward P/E | 18.8x | — | 14.1x | 19.6x | 9.8x |
| Total Debt | $852M | $290M | $28.52B | $14.86B | $7.52B |
| Cash & Equiv. | $1.21B | $103M | $2.22B | $4.01B | $592M |
RMD vs NVCR vs MDT vs SYK vs ZBH — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| ResMed Inc. (RMD) | 100 | 128.7 | +28.7% |
| NovoCure Limited (NVCR) | 100 | 25.0 | -75.0% |
| Medtronic plc (MDT) | 100 | 79.1 | -20.9% |
| Stryker Corporation (SYK) | 100 | 150.3 | +50.3% |
| Zimmer Biomet Holdi… (ZBH) | 100 | 68.0 | -32.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RMD vs NVCR vs MDT vs SYK vs ZBH
Each card shows where this stock fits in a portfolio — not just who wins on paper.
RMD is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.
- Rev growth 9.8%, EPS growth 37.4%, 3Y rev CAGR 12.9%
- 293.8% 10Y total return vs SYK's 187.1%
- PEG 1.08 vs MDT's 36.00
- 27.4% margin vs NVCR's -25.7%
NVCR ranks third and is worth considering specifically for momentum.
- +1.1% vs SYK's -22.5%
MDT carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 36 yrs, beta 0.47, yield 3.6%
- Lower volatility, beta 0.47, Low D/E 59.1%, current ratio 1.85x
- Beta 0.47, yield 3.6%, current ratio 1.85x
- Beta 0.47 vs NVCR's 2.20, lower leverage
SYK is the clearest fit if your priority is growth.
- 11.2% revenue growth vs MDT's 3.6%
ZBH is the clearest fit if your priority is value.
- Lower P/E (9.8x vs 19.6x)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.2% revenue growth vs MDT's 3.6% | |
| Value | Lower P/E (9.8x vs 19.6x) | |
| Quality / Margins | 27.4% margin vs NVCR's -25.7% | |
| Stability / Safety | Beta 0.47 vs NVCR's 2.20, lower leverage | |
| Dividends | 3.6% yield, 36-year raise streak, vs SYK's 1.1%, (1 stock pays no dividend) | |
| Momentum (1Y) | +1.1% vs SYK's -22.5% | |
| Efficiency (ROA) | 175.8% ROA vs NVCR's -16.5%, ROIC 6.0% vs -16.4% |
RMD vs NVCR vs MDT vs SYK vs ZBH — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
RMD vs NVCR vs MDT vs SYK vs ZBH — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
RMD leads in 2 of 6 categories
ZBH leads 1 • SYK leads 1 • MDT leads 1 • NVCR leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
RMD leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MDT is the larger business by revenue, generating $35.5B annually — 52.6x NVCR's $674M. RMD is the more profitable business, keeping 27.4% of every revenue dollar as net income compared to NVCR's -25.7%. On growth, NVCR holds the edge at +12.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $5.5B | $674M | $35.5B | $25.1B | $8.4B |
| EBITDAEarnings before interest/tax | $2.1B | -$165M | $9.4B | $6.3B | $2.3B |
| Net IncomeAfter-tax profit | $1.5B | -$173M | $4.6B | $3.2B | $761M |
| Free Cash FlowCash after capex | $1.8B | -$48M | $5.4B | $4.3B | $1.8B |
| Gross MarginGross profit ÷ Revenue | +61.7% | +75.2% | +61.9% | +63.5% | +70.0% |
| Operating MarginEBIT ÷ Revenue | +34.3% | -27.2% | +17.9% | +22.4% | +15.6% |
| Net MarginNet income ÷ Revenue | +27.4% | -25.7% | +13.0% | +12.9% | +9.1% |
| FCF MarginFCF ÷ Revenue | +31.7% | -7.1% | +15.2% | +17.1% | +21.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +10.8% | +12.3% | +8.8% | +11.4% | +9.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +9.3% | -100.0% | -11.9% | +56.0% | +34.1% |
Valuation Metrics
ZBH leads this category, winning 5 of 7 comparable metrics.
Valuation Metrics
At 21.6x trailing earnings, MDT trades at a 38% valuation discount to SYK's 35.0x P/E. Adjusting for growth (PEG ratio), RMD offers better value at 1.25x vs MDT's 36.00x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $30.1B | $1.9B | $99.9B | $112.7B | $16.3B |
| Enterprise ValueMkt cap + debt − cash | $29.8B | $2.1B | $126.2B | $123.5B | $23.3B |
| Trailing P/EPrice ÷ TTM EPS | 21.76x | -13.80x | 21.60x | 35.03x | 23.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 18.78x | — | 14.13x | 19.62x | 9.83x |
| PEG RatioP/E ÷ EPS growth rate | 1.25x | — | 36.00x | 2.36x | — |
| EV / EBITDAEnterprise value multiple | 15.51x | — | 14.32x | 20.31x | 9.47x |
| Price / SalesMarket cap ÷ Revenue | 5.86x | 2.92x | 2.98x | 4.49x | 1.98x |
| Price / BookPrice ÷ Book value/share | 5.11x | 5.51x | 2.08x | 5.02x | 1.30x |
| Price / FCFMarket cap ÷ FCF | 18.14x | — | 19.28x | 26.31x | 11.09x |
Profitability & Efficiency
RMD leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
RMD delivers a 24.4% return on equity — every $100 of shareholder capital generates $24 in annual profit, vs $-51 for NVCR. RMD carries lower financial leverage with a 0.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), RMD scores 8/9 vs ZBH's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +24.4% | -50.8% | +9.4% | +15.0% | +5.8% |
| ROA (TTM)Return on assets | +18.0% | -16.5% | +175.8% | +6.9% | +3.3% |
| ROICReturn on invested capital | +22.8% | -16.4% | +6.0% | +11.4% | +5.4% |
| ROCEReturn on capital employed | +25.7% | -28.9% | +7.5% | +13.0% | +6.9% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 5 | 6 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.14x | 0.85x | 0.59x | 0.66x | 0.59x |
| Net DebtTotal debt minus cash | -$358M | $187M | $26.3B | $10.8B | $6.9B |
| Cash & Equiv.Liquid assets | $1.2B | $103M | $2.2B | $4.0B | $592M |
| Total DebtShort + long-term debt | $852M | $290M | $28.5B | $14.9B | $7.5B |
| Interest CoverageEBIT ÷ Interest expense | 66.06x | -96.80x | 9.08x | 6.72x | 4.08x |
Total Returns (Dividends Reinvested)
SYK leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SYK five years ago would be worth $12,152 today (with dividends reinvested), compared to $875 for NVCR. Over the past 12 months, NVCR leads with a +1.1% total return vs SYK's -22.5%. The 3-year compound annual growth rate (CAGR) favors SYK at 1.8% vs NVCR's -37.6% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | -15.2% | +28.3% | -18.1% | -15.2% | -7.1% |
| 1-Year ReturnPast 12 months | -14.5% | +1.1% | -2.8% | -22.5% | -10.4% |
| 3-Year ReturnCumulative with dividends | -8.4% | -75.7% | -4.2% | +5.5% | -37.2% |
| 5-Year ReturnCumulative with dividends | +11.0% | -91.3% | -27.7% | +21.5% | -47.3% |
| 10-Year ReturnCumulative with dividends | +293.8% | +30.3% | +26.5% | +187.1% | -17.8% |
| CAGR (3Y)Annualised 3-year return | -2.9% | -37.6% | -1.4% | +1.8% | -14.4% |
Risk & Volatility
Evenly matched — NVCR and MDT each lead in 1 of 2 comparable metrics.
Risk & Volatility
MDT is the less volatile stock with a 0.47 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 RMD's 70.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.66x | 2.20x | 0.47x | 0.55x | 0.65x |
| 52-Week HighHighest price in past year | $293.81 | $20.06 | $106.33 | $404.87 | $108.29 |
| 52-Week LowLowest price in past year | $198.64 | $9.82 | $77.16 | $289.91 | $79.83 |
| % of 52W HighCurrent price vs 52-week peak | +70.4% | +83.9% | +73.3% | +72.7% | +77.0% |
| RSI (14)Momentum oscillator 0–100 | 35.6 | 69.8 | 27.3 | 24.3 | 34.3 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 1.5M | 7.8M | 2.1M | 2.2M |
Analyst Outlook
MDT leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: RMD as "Buy", NVCR as "Buy", MDT as "Buy", SYK as "Buy", ZBH as "Hold". Consensus price targets imply 99.0% upside for NVCR (target: $34) vs 17.4% for ZBH (target: $98). For income investors, MDT offers the higher dividend yield at 3.57% vs RMD's 1.02%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $281.29 | $33.50 | $109.50 | $403.69 | $97.90 |
| # AnalystsCovering analysts | 35 | 15 | 49 | 50 | 42 |
| Dividend YieldAnnual dividend ÷ price | +1.0% | — | +3.6% | +1.1% | +1.1% |
| Dividend StreakConsecutive years of raises | 14 | — | 36 | 34 | 0 |
| Dividend / ShareAnnual DPS | $2.11 | — | $2.78 | $3.36 | $0.96 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.0% | 0.0% | +3.2% | 0.0% | +3.0% |
RMD leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). ZBH leads in 1 (Valuation Metrics). 1 tied.
RMD vs NVCR vs MDT vs SYK vs ZBH: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is RMD or NVCR or MDT or SYK or ZBH a better buy right now?
For growth investors, Stryker Corporation (SYK) is the stronger pick with 11.
2% revenue growth year-over-year, versus 3. 6% for Medtronic plc (MDT). Medtronic plc (MDT) offers the better valuation at 21. 6x trailing P/E (14. 1x forward), making it the more compelling value choice. Analysts rate ResMed Inc. (RMD) a "Buy" — based on 35 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 — RMD or NVCR or MDT or SYK or ZBH?
On trailing P/E, Medtronic plc (MDT) is the cheapest at 21.
6x versus Stryker Corporation at 35. 0x. On forward P/E, Zimmer Biomet Holdings, Inc. is actually cheaper at 9. 8x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: ResMed Inc. wins at 1. 08x versus Medtronic plc's 36. 00x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — RMD or NVCR or MDT or SYK or ZBH?
Over the past 5 years, Stryker Corporation (SYK) delivered a total return of +21.
5%, compared to -91. 3% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: RMD returned +293. 8% versus ZBH's -17. 8%. 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 — RMD or NVCR or MDT or SYK or ZBH?
By beta (market sensitivity over 5 years), Medtronic plc (MDT) is the lower-risk stock at 0.
47β versus NovoCure Limited's 2. 20β — meaning NVCR is approximately 373% more volatile than MDT relative to the S&P 500. On balance sheet safety, ResMed Inc. (RMD) carries a lower debt/equity ratio of 14% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — RMD or NVCR or MDT or SYK or ZBH?
By revenue growth (latest reported year), Stryker Corporation (SYK) is pulling ahead at 11.
2% versus 3. 6% for Medtronic plc (MDT). On earnings-per-share growth, the picture is similar: ResMed Inc. grew EPS 37. 4% year-over-year, compared to -19. 9% for Zimmer Biomet Holdings, Inc.. Over a 3-year CAGR, RMD leads at 12. 9% 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 — RMD or NVCR or MDT or SYK or ZBH?
ResMed Inc.
(RMD) is the more profitable company, earning 27. 2% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 27. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RMD leads at 32. 7% 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.
07Is RMD or NVCR or MDT or SYK or ZBH more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, ResMed Inc. (RMD) is the more undervalued stock at a PEG of 1. 08x versus Medtronic plc's 36. 00x. A PEG below 1. 5 suggests fair-to-attractive pricing relative to expected growth. On forward earnings alone, Zimmer Biomet Holdings, Inc. (ZBH) trades at 9. 8x forward P/E versus 19. 6x for Stryker Corporation — 9. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NVCR: 99. 0% to $33. 50.
08Which pays a better dividend — RMD or NVCR or MDT or SYK or ZBH?
In this comparison, MDT (3.
6% yield), ZBH (1. 1% yield), SYK (1. 1% yield), RMD (1. 0% yield) pay a dividend. NVCR does not pay a meaningful dividend and should not be held primarily for income.
09Is RMD or NVCR or MDT or SYK or ZBH better for a retirement portfolio?
For long-horizon retirement investors, Stryker Corporation (SYK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
55), 1. 1% yield, +187. 1% 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 (SYK: +187. 1%, 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 RMD and NVCR and MDT and SYK and ZBH?
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: RMD is a mid-cap quality compounder stock; NVCR is a small-cap quality compounder stock; MDT is a mid-cap income-oriented stock; SYK is a mid-cap quality compounder stock; ZBH is a mid-cap quality compounder stock. RMD, MDT, SYK, ZBH pay 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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