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Stock Comparison

SRDX vs ATRC

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

Live fundamentals10-year financials5-year price chart
SRDX
Surmodics, Inc.

Medical - Devices

HealthcareNASDAQ • US
Market Cap$615M
5Y Perf.+16.2%
ATRC
AtriCure, Inc.

Medical - Instruments & Supplies

HealthcareNASDAQ • US
Market Cap$1.41B
5Y Perf.-24.5%

SRDX vs ATRC — Key Financials

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

Company Snapshot
SRDX logoSRDX
ATRC logoATRC
IndustryMedical - DevicesMedical - Instruments & Supplies
Market Cap$615M$1.41B
Revenue (TTM)$121M$552M
Net Income (TTM)$-18M$-5M
Gross Margin73.1%75.5%
Operating Margin-10.2%-0.4%
Forward P/E370.7x
Total Debt$33M$88M
Cash & Equiv.$36M$167M

SRDX vs ATRCLong-Term Stock Performance

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

SRDX
ATRC
StockMay 20Nov 25Return
Surmodics, Inc. (SRDX)100116.2+16.2%
AtriCure, Inc. (ATRC)10075.5-24.5%

Price return only. Dividends and distributions are not included.

Quick Verdict: SRDX vs ATRC

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

Bottom line: ATRC leads in 3 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Surmodics, Inc. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
SRDX
Surmodics, Inc.
The Income Pick

SRDX is the clearest fit if your priority is income & stability and sleep-well-at-night.

  • beta 0.48
  • Lower volatility, beta 0.48, Low D/E 28.0%, current ratio 3.96x
  • Beta 0.48, current ratio 3.96x
Best for: income & stability and sleep-well-at-night
ATRC
AtriCure, Inc.
The Growth Play

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

  • Rev growth 14.9%, EPS growth 74.7%, 3Y rev CAGR 17.4%
  • 95.1% 10Y total return vs SRDX's 88.4%
  • 14.9% revenue growth vs SRDX's -4.9%
Best for: growth exposure and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthATRC logoATRC14.9% revenue growth vs SRDX's -4.9%
Quality / MarginsATRC logoATRC-0.8% margin vs SRDX's -14.6%
Stability / SafetySRDX logoSRDXBeta 0.48 vs ATRC's 1.03
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)SRDX logoSRDX+58.2% vs ATRC's -8.3%
Efficiency (ROA)ATRC logoATRC-0.7% ROA vs SRDX's -10.4%, ROIC -0.6% vs -3.7%

SRDX vs ATRC — Revenue Breakdown by Segment

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

SRDXSurmodics, Inc.
FY 2024
Product
58.4%$74M
Royalties
33.7%$42M
Research Development And Other
7.9%$10M
ATRCAtriCure, Inc.
FY 2025
Shipping and Handling
100.0%$2M

SRDX vs ATRC — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLATRCLAGGINGSRDX

Income & Cash Flow (Last 12 Months)

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

ATRC is the larger business by revenue, generating $552M annually — 4.6x SRDX's $121M. ATRC is the more profitable business, keeping -0.8% of every revenue dollar as net income compared to SRDX's -14.6%. On growth, ATRC holds the edge at +14.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricSRDX logoSRDXSurmodics, Inc.ATRC logoATRCAtriCure, Inc.
RevenueTrailing 12 months$121M$552M
EBITDAEarnings before interest/tax-$4M$13M
Net IncomeAfter-tax profit-$18M-$5M
Free Cash FlowCash after capex-$4M$54M
Gross MarginGross profit ÷ Revenue+73.1%+75.5%
Operating MarginEBIT ÷ Revenue-10.2%-0.4%
Net MarginNet income ÷ Revenue-14.6%-0.8%
FCF MarginFCF ÷ Revenue-2.9%+9.7%
Rev. Growth (YoY)Latest quarter vs prior year-2.6%+14.3%
EPS Growth (YoY)Latest quarter vs prior year+30.2%+101.6%
ATRC leads this category, winning 6 of 6 comparable metrics.

Valuation Metrics

ATRC leads this category, winning 4 of 4 comparable metrics.

On an enterprise value basis, ATRC's 77.7x EV/EBITDA is more attractive than SRDX's 200.6x.

MetricSRDX logoSRDXSurmodics, Inc.ATRC logoATRCAtriCure, Inc.
Market CapShares × price$615M$1.4B
Enterprise ValueMkt cap + debt − cash$612M$1.3B
Trailing P/EPrice ÷ TTM EPS-52.41x-115.83x
Forward P/EPrice ÷ next-FY EPS est.370.67x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple200.60x77.75x
Price / SalesMarket cap ÷ Revenue4.87x2.63x
Price / BookPrice ÷ Book value/share5.12x2.70x
Price / FCFMarket cap ÷ FCF29.15x
ATRC leads this category, winning 4 of 4 comparable metrics.

Profitability & Efficiency

ATRC leads this category, winning 8 of 9 comparable metrics.

ATRC delivers a -1.0% return on equity — every $100 of shareholder capital generates $-1 in annual profit, vs $-16 for SRDX. ATRC carries lower financial leverage with a 0.18x debt-to-equity ratio, signaling a more conservative balance sheet compared to SRDX's 0.28x. On the Piotroski fundamental quality scale (0–9), ATRC scores 5/9 vs SRDX's 4/9, reflecting solid financial health.

MetricSRDX logoSRDXSurmodics, Inc.ATRC logoATRCAtriCure, Inc.
ROE (TTM)Return on equity-15.6%-1.0%
ROA (TTM)Return on assets-10.4%-0.7%
ROICReturn on invested capital-3.7%-0.6%
ROCEReturn on capital employed-3.5%-0.6%
Piotroski ScoreFundamental quality 0–945
Debt / EquityFinancial leverage0.28x0.18x
Net DebtTotal debt minus cash-$3M-$79M
Cash & Equiv.Liquid assets$36M$167M
Total DebtShort + long-term debt$33M$88M
Interest CoverageEBIT ÷ Interest expense-3.96x0.47x
ATRC leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

SRDX leads this category, winning 4 of 5 comparable metrics.

A $10,000 investment in SRDX five years ago would be worth $7,790 today (with dividends reinvested), compared to $3,579 for ATRC. Over the past 12 months, SRDX leads with a +58.2% total return vs ATRC's -8.3%. The 3-year compound annual growth rate (CAGR) favors SRDX at 27.5% vs ATRC's -16.5% — a key indicator of consistent wealth creation.

MetricSRDX logoSRDXSurmodics, Inc.ATRC logoATRCAtriCure, Inc.
YTD ReturnYear-to-date-29.2%
1-Year ReturnPast 12 months+58.2%-8.3%
3-Year ReturnCumulative with dividends+107.4%-41.8%
5-Year ReturnCumulative with dividends-22.1%-64.2%
10-Year ReturnCumulative with dividends+88.4%+95.1%
CAGR (3Y)Annualised 3-year return+27.5%-16.5%
SRDX leads this category, winning 4 of 5 comparable metrics.

Risk & Volatility

SRDX leads this category, winning 2 of 2 comparable metrics.

SRDX is the less volatile stock with a 0.48 beta — it tends to amplify market swings less than ATRC's 1.03 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SRDX currently trades 100.0% from its 52-week high vs ATRC's 64.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricSRDX logoSRDXSurmodics, Inc.ATRC logoATRCAtriCure, Inc.
Beta (5Y)Sensitivity to S&P 5000.48x1.03x
52-Week HighHighest price in past year$43.00$43.18
52-Week LowLowest price in past year$25.87$26.62
% of 52W HighCurrent price vs 52-week peak+100.0%+64.4%
RSI (14)Momentum oscillator 0–10085.845.0
Avg Volume (50D)Average daily shares traded0669K
SRDX leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates SRDX as "Buy" and ATRC as "Buy". Consensus price targets imply 82.3% upside for ATRC (target: $51) vs -8.1% for SRDX (target: $40).

MetricSRDX logoSRDXSurmodics, Inc.ATRC logoATRCAtriCure, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$39.50$50.67
# AnalystsCovering analysts719
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%+0.8%
Insufficient data to determine a leader in this category.
Key Takeaway

ATRC leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). SRDX leads in 2 (Total Returns, Risk & Volatility).

Best OverallAtriCure, Inc. (ATRC)Leads 3 of 6 categories
Loading custom metrics...

SRDX vs ATRC: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is SRDX or ATRC a better buy right now?

For growth investors, AtriCure, Inc.

(ATRC) is the stronger pick with 14. 9% revenue growth year-over-year, versus -4. 9% for Surmodics, Inc. (SRDX). Analysts rate Surmodics, Inc. (SRDX) a "Buy" — based on 7 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 is the better long-term investment — SRDX or ATRC?

Over the past 5 years, Surmodics, Inc.

(SRDX) delivered a total return of -22. 1%, compared to -64. 2% for AtriCure, Inc. (ATRC). Over 10 years, the gap is even starker: ATRC returned +95. 1% versus SRDX's +88. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — SRDX or ATRC?

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

(SRDX) is the lower-risk stock at 0. 48β versus AtriCure, Inc. 's 1. 03β — meaning ATRC is approximately 114% more volatile than SRDX relative to the S&P 500. On balance sheet safety, AtriCure, Inc. (ATRC) carries a lower debt/equity ratio of 18% versus 28% for Surmodics, Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — SRDX or ATRC?

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

(ATRC) is pulling ahead at 14. 9% versus -4. 9% for Surmodics, Inc. (SRDX). On earnings-per-share growth, the picture is similar: AtriCure, Inc. grew EPS 74. 7% year-over-year, compared to -645. 5% for Surmodics, 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.

05

Which has better profit margins — SRDX or ATRC?

AtriCure, Inc.

(ATRC) is the more profitable company, earning -2. 1% net margin versus -9. 2% for Surmodics, Inc. — meaning it keeps -2. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ATRC leads at -0. 6% versus -4. 5% for SRDX. At the gross margin level — before operating expenses — ATRC leads at 74. 4%, 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.

06

Is SRDX or ATRC more undervalued right now?

Analyst consensus price targets imply the most upside for ATRC: 82.

3% to $50. 67.

07

Which pays a better dividend — SRDX 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.

08

Is SRDX or ATRC better for a retirement portfolio?

For long-horizon retirement investors, Surmodics, Inc.

(SRDX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 48)). Both have compounded well over 10 years (SRDX: +88. 4%, ATRC: +95. 1%), 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.

09

What are the main differences between SRDX 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.

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 both.

Stocks Like

SRDX

Quality Business

  • Sector: Healthcare
  • Market Cap > $100B
  • Gross Margin > 43%
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ATRC

Quality Business

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

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Revenue Growth>
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(SRDX: -2.6% · ATRC: 14.3%)

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