Medical - Devices
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4 / 10Stock Comparison
TMCI vs ANGO vs NVCR vs MMSI
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Instruments & Supplies
Medical - Instruments & Supplies
TMCI vs ANGO vs NVCR vs MMSI — 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 |
| Market Cap | $130M | $466M | $2.04B | $3.65B |
| Revenue (TTM) | $207M | $307M | $674M | $1.54B |
| Net Income (TTM) | $-61M | $-28M | $-173M | $139M |
| Gross Margin | 79.7% | 53.7% | 75.2% | 48.7% |
| Operating Margin | -26.9% | -9.4% | -27.2% | 12.2% |
| Forward P/E | — | — | — | 15.1x |
| Total Debt | $14M | $0.00 | $290M | $898M |
| Cash & Equiv. | $11M | $56M | $103M | $449M |
TMCI vs ANGO vs NVCR vs MMSI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Apr 21 | May 26 | Return |
|---|---|---|---|
| Treace Medical Conc… (TMCI) | 100 | 6.4 | -93.6% |
| AngioDynamics, Inc. (ANGO) | 100 | 46.1 | -53.9% |
| NovoCure Limited (NVCR) | 100 | 8.8 | -91.2% |
| Merit Medical Syste… (MMSI) | 100 | 96.3 | -3.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TMCI vs ANGO vs NVCR vs MMSI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TMCI plays a supporting role in this comparison — it may shine differently against other peers.
ANGO is the #2 pick in this set and the best alternative if momentum is your priority.
- +20.7% vs TMCI's -73.3%
NVCR lags the leaders in this set but could rank higher in a more targeted comparison.
MMSI carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 0.66
- Rev growth 11.7%, EPS growth 4.9%, 3Y rev CAGR 9.6%
- 209.3% 10Y total return vs NVCR's 38.5%
- Lower volatility, beta 0.66, Low D/E 56.7%, current ratio 4.34x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 11.7% revenue growth vs ANGO's -3.8% | |
| Quality / Margins | 9.0% margin vs TMCI's -29.4% | |
| Stability / Safety | Beta 0.66 vs TMCI's 2.19 | |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | +20.7% vs TMCI's -73.3% | |
| Efficiency (ROA) | 5.2% ROA vs TMCI's -31.4%, ROIC 7.2% vs -31.0% |
TMCI vs ANGO vs NVCR vs MMSI — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
TMCI vs ANGO vs NVCR vs MMSI — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MMSI leads in 2 of 6 categories
TMCI leads 1 • ANGO leads 1 • NVCR leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
MMSI leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MMSI is the larger business by revenue, generating $1.5B annually — 7.4x TMCI's $207M. MMSI is the more profitable business, keeping 9.0% of every revenue dollar as net income compared to TMCI's -29.4%. On growth, NVCR holds the edge at +12.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $207M | $307M | $674M | $1.5B |
| EBITDAEarnings before interest/tax | -$48M | -$5M | -$165M | $290M |
| Net IncomeAfter-tax profit | -$61M | -$28M | -$173M | $139M |
| Free Cash FlowCash after capex | -$26M | -$9M | -$48M | $274M |
| Gross MarginGross profit ÷ Revenue | +79.7% | +53.7% | +75.2% | +48.7% |
| Operating MarginEBIT ÷ Revenue | -26.9% | -9.4% | -27.2% | +12.2% |
| Net MarginNet income ÷ Revenue | -29.4% | -9.0% | -25.7% | +9.0% |
| FCF MarginFCF ÷ Revenue | -12.5% | -3.0% | -7.1% | +17.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -10.2% | +9.0% | +12.3% | +7.8% |
| EPS Growth (YoY)Latest quarter vs prior year | -12.0% | +42.3% | -100.0% | +38.8% |
Valuation Metrics
TMCI leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $130M | $466M | $2.0B | $3.7B |
| Enterprise ValueMkt cap + debt − cash | $133M | $410M | $2.2B | $4.1B |
| Trailing P/EPrice ÷ TTM EPS | -2.16x | -13.49x | -14.66x | 28.77x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | 15.05x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — | 12.87x |
| Price / SalesMarket cap ÷ Revenue | 0.61x | 1.59x | 3.11x | 2.41x |
| Price / BookPrice ÷ Book value/share | 1.46x | 2.51x | 5.86x | 2.34x |
| Price / FCFMarket cap ÷ FCF | — | — | — | 16.95x |
Profitability & Efficiency
MMSI leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
MMSI delivers a 8.9% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $-69 for TMCI. TMCI carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to NVCR's 0.85x. On the Piotroski fundamental quality scale (0–9), MMSI scores 6/9 vs TMCI's 3/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -69.5% | -15.7% | -50.8% | +8.9% |
| ROA (TTM)Return on assets | -31.4% | -10.3% | -16.5% | +5.2% |
| ROICReturn on invested capital | -31.0% | -22.9% | -16.4% | +7.2% |
| ROCEReturn on capital employed | -31.7% | -18.6% | -28.9% | +7.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.16x | — | 0.85x | 0.57x |
| Net DebtTotal debt minus cash | $3M | -$56M | $187M | $450M |
| Cash & Equiv.Liquid assets | $11M | $56M | $103M | $449M |
| Total DebtShort + long-term debt | $14M | $0 | $290M | $898M |
| Interest CoverageEBIT ÷ Interest expense | -16.02x | -258.19x | -96.80x | 10.74x |
Total Returns (Dividends Reinvested)
ANGO leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MMSI five years ago would be worth $9,727 today (with dividends reinvested), compared to $610 for TMCI. Over the past 12 months, ANGO leads with a +20.7% total return vs TMCI's -73.3%. The 3-year compound annual growth rate (CAGR) favors ANGO at 7.7% vs TMCI's -57.4% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -19.6% | -11.7% | +36.4% | -29.1% |
| 1-Year ReturnPast 12 months | -73.3% | +20.7% | +2.6% | -36.2% |
| 3-Year ReturnCumulative with dividends | -92.3% | +25.0% | -74.2% | -27.8% |
| 5-Year ReturnCumulative with dividends | -93.9% | -51.6% | -90.2% | -2.7% |
| 10-Year ReturnCumulative with dividends | -92.1% | -9.7% | +38.5% | +209.3% |
| CAGR (3Y)Annualised 3-year return | -57.4% | +7.7% | -36.4% | -10.3% |
Risk & Volatility
Evenly matched — NVCR and MMSI each lead in 1 of 2 comparable metrics.
Risk & Volatility
MMSI is the less volatile stock with a 0.66 beta — it tends to amplify market swings less than TMCI's 2.19 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 TMCI's 25.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.19x | 1.26x | 2.15x | 0.66x |
| 52-Week HighHighest price in past year | $7.78 | $13.99 | $20.06 | $100.19 |
| 52-Week LowLowest price in past year | $1.17 | $8.36 | $9.82 | $59.74 |
| % of 52W HighCurrent price vs 52-week peak | +25.8% | +80.1% | +89.2% | +61.2% |
| RSI (14)Momentum oscillator 0–100 | 56.1 | 57.5 | 70.9 | 37.3 |
| Avg Volume (50D)Average daily shares traded | 842K | 397K | 1.4M | 758K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: TMCI as "Hold", ANGO as "Hold", NVCR as "Buy", MMSI as "Buy". Consensus price targets imply 87.3% upside for NVCR (target: $34) vs 47.3% for ANGO (target: $17).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $3.00 | $16.50 | $33.50 | $95.00 |
| # AnalystsCovering analysts | 9 | 11 | 15 | 14 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | — | — |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.4% | 0.0% | 0.0% |
MMSI leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TMCI leads in 1 (Valuation Metrics). 1 tied.
TMCI vs ANGO vs NVCR vs MMSI: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is TMCI or ANGO or NVCR or MMSI a better buy right now?
For growth investors, Merit Medical Systems, Inc.
(MMSI) is the stronger pick with 11. 7% revenue growth year-over-year, versus -3. 8% for AngioDynamics, Inc. (ANGO). Merit Medical Systems, Inc. (MMSI) offers the better valuation at 28. 8x trailing P/E (15. 1x 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 is the better long-term investment — TMCI or ANGO or NVCR or MMSI?
Over the past 5 years, Merit Medical Systems, Inc.
(MMSI) delivered a total return of -2. 7%, compared to -93. 9% for Treace Medical Concepts, Inc. (TMCI). Over 10 years, the gap is even starker: MMSI returned +209. 3% versus TMCI's -92. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — TMCI or ANGO or NVCR or MMSI?
By beta (market sensitivity over 5 years), Merit Medical Systems, Inc.
(MMSI) is the lower-risk stock at 0. 66β versus Treace Medical Concepts, Inc. 's 2. 19β — meaning TMCI is approximately 232% more volatile than MMSI relative to the S&P 500. On balance sheet safety, Treace Medical Concepts, Inc. (TMCI) carries a lower debt/equity ratio of 16% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.
04Which is growing faster — TMCI or ANGO or NVCR or MMSI?
By revenue growth (latest reported year), Merit Medical Systems, Inc.
(MMSI) is pulling ahead at 11. 7% versus -3. 8% for AngioDynamics, Inc. (ANGO). On earnings-per-share growth, the picture is similar: AngioDynamics, Inc. grew EPS 81. 9% year-over-year, compared to -3. 3% for Treace Medical Concepts, Inc.. Over a 3-year CAGR, TMCI leads at 14. 5% 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.
05Which has better profit margins — TMCI or ANGO or NVCR or MMSI?
Merit Medical Systems, Inc.
(MMSI) is the more profitable company, earning 8. 5% net margin versus -27. 7% for Treace Medical Concepts, Inc. — meaning it keeps 8. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MMSI leads at 12. 2% versus -25. 5% for TMCI. At the gross margin level — before operating expenses — TMCI leads at 79. 8%, 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.
06Is TMCI or ANGO or NVCR or MMSI more undervalued right now?
Analyst consensus price targets imply the most upside for NVCR: 87.
3% to $33. 50.
07Which pays a better dividend — TMCI or ANGO or NVCR or MMSI?
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.
08Is TMCI or ANGO or NVCR or MMSI better for a retirement portfolio?
For long-horizon retirement investors, Merit Medical Systems, Inc.
(MMSI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 66), +209. 3% 10Y return). Treace Medical Concepts, Inc. (TMCI) carries a higher beta of 2. 19 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MMSI: +209. 3%, TMCI: -92. 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.
09What are the main differences between TMCI and ANGO and NVCR and MMSI?
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.
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