Medical - Instruments & Supplies
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4 / 10Stock Comparison
UTMD vs LMAT vs NVCR vs MMSI
Revenue, margins, valuation, and 5-year total return — side by side.
Medical - Instruments & Supplies
Medical - Instruments & Supplies
Medical - Instruments & Supplies
UTMD vs LMAT vs NVCR vs MMSI — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Instruments & Supplies | Medical - Instruments & Supplies |
| Market Cap | $210M | $2.46B | $1.92B | $3.72B |
| Revenue (TTM) | $39M | $256M | $674M | $1.54B |
| Net Income (TTM) | $11M | $62M | $-173M | $139M |
| Gross Margin | 52.9% | 72.4% | 75.2% | 48.7% |
| Operating Margin | 29.6% | 28.5% | -27.2% | 12.2% |
| Forward P/E | 10.4x | 37.2x | — | 15.5x |
| Total Debt | $225K | $186M | $290M | $898M |
| Cash & Equiv. | $86M | $28M | $103M | $449M |
UTMD vs LMAT vs NVCR vs MMSI — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Utah Medical Produc… (UTMD) | 100 | 65.7 | -34.3% |
| LeMaitre Vascular, … (LMAT) | 100 | 401.3 | +301.3% |
| NovoCure Limited (NVCR) | 100 | 25.0 | -75.0% |
| Merit Medical Syste… (MMSI) | 100 | 138.5 | +38.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: UTMD vs LMAT vs NVCR vs MMSI
Each card shows where this stock fits in a portfolio — not just who wins on paper.
UTMD carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 3 yrs, beta 0.55, yield 1.9%
- Lower volatility, beta 0.55, Low D/E 0.2%, current ratio 37.62x
- Beta 0.55, yield 1.9%, current ratio 37.62x
- Lower P/E (10.4x vs 15.5x)
LMAT is the #2 pick in this set and the best alternative if growth exposure and long-term compounding is your priority.
- Rev growth 13.5%, EPS growth 30.6%, 3Y rev CAGR 15.6%
- 6.1% 10Y total return vs MMSI's 214.6%
- PEG 1.92 vs UTMD's 3.03
- 13.5% revenue growth vs UTMD's -5.8%
NVCR plays a supporting role in this comparison — it may shine differently against other peers.
MMSI lags the leaders in this set but could rank higher in a more targeted comparison.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.5% revenue growth vs UTMD's -5.8% | |
| Value | Lower P/E (10.4x vs 15.5x) | |
| Quality / Margins | 29.3% margin vs NVCR's -25.7% | |
| Stability / Safety | Beta 0.55 vs NVCR's 2.20, lower leverage | |
| Dividends | 1.9% yield, 3-year raise streak, vs LMAT's 0.7%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +33.3% vs MMSI's -33.8% | |
| Efficiency (ROA) | 10.3% ROA vs NVCR's -16.5%, ROIC 9.7% vs -16.4% |
UTMD vs LMAT 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.
Segment breakdown not available.
UTMD vs LMAT vs NVCR vs MMSI — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
UTMD leads in 2 of 6 categories
LMAT leads 2 • NVCR leads 0 • MMSI leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
UTMD 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 — 40.0x UTMD's $39M. UTMD is the more profitable business, keeping 29.3% 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 | $39M | $256M | $674M | $1.5B |
| EBITDAEarnings before interest/tax | $14M | $81M | -$165M | $290M |
| Net IncomeAfter-tax profit | $11M | $62M | -$173M | $139M |
| Free Cash FlowCash after capex | $14M | $79M | -$48M | $274M |
| Gross MarginGross profit ÷ Revenue | +52.9% | +72.4% | +75.2% | +48.7% |
| Operating MarginEBIT ÷ Revenue | +29.6% | +28.5% | -27.2% | +12.2% |
| Net MarginNet income ÷ Revenue | +29.3% | +24.3% | -25.7% | +9.0% |
| FCF MarginFCF ÷ Revenue | +37.2% | +30.9% | -7.1% | +17.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -1.2% | +11.2% | +12.3% | +7.8% |
| EPS Growth (YoY)Latest quarter vs prior year | -7.0% | +41.7% | -100.0% | +38.8% |
Valuation Metrics
UTMD leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 18.8x trailing earnings, UTMD trades at a 56% valuation discount to LMAT's 42.8x P/E. Adjusting for growth (PEG ratio), LMAT offers better value at 2.21x vs UTMD's 5.48x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $210M | $2.5B | $1.9B | $3.7B |
| Enterprise ValueMkt cap + debt − cash | $124M | $2.6B | $2.1B | $4.2B |
| Trailing P/EPrice ÷ TTM EPS | 18.79x | 42.82x | -13.80x | 29.26x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.41x | 37.17x | — | 15.46x |
| PEG RatioP/E ÷ EPS growth rate | 5.48x | 2.21x | — | — |
| EV / EBITDAEnterprise value multiple | 8.64x | 33.39x | — | 13.06x |
| Price / SalesMarket cap ÷ Revenue | 5.44x | 9.85x | 2.92x | 2.45x |
| Price / BookPrice ÷ Book value/share | 1.78x | 6.29x | 5.51x | 2.38x |
| Price / FCFMarket cap ÷ FCF | 14.63x | 33.01x | — | 17.24x |
Profitability & Efficiency
LMAT leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
LMAT delivers a 16.2% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $-51 for NVCR. UTMD 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), LMAT scores 7/9 vs NVCR's 5/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +9.6% | +16.2% | -50.8% | +8.9% |
| ROA (TTM)Return on assets | +9.3% | +10.3% | -16.5% | +5.2% |
| ROICReturn on invested capital | +25.0% | +9.7% | -16.4% | +7.2% |
| ROCEReturn on capital employed | +9.6% | +12.3% | -28.9% | +7.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.00x | 0.47x | 0.85x | 0.57x |
| Net DebtTotal debt minus cash | -$86M | $157M | $187M | $450M |
| Cash & Equiv.Liquid assets | $86M | $28M | $103M | $449M |
| Total DebtShort + long-term debt | $225,000 | $186M | $290M | $898M |
| Interest CoverageEBIT ÷ Interest expense | — | 24.99x | -96.80x | 10.74x |
Total Returns (Dividends Reinvested)
LMAT leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LMAT five years ago would be worth $21,818 today (with dividends reinvested), compared to $875 for NVCR. Over the past 12 months, LMAT leads with a +33.3% total return vs MMSI's -33.8%. The 3-year compound annual growth rate (CAGR) favors LMAT at 18.2% vs NVCR's -37.6% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +16.3% | +34.9% | +28.3% | -27.9% |
| 1-Year ReturnPast 12 months | +23.5% | +33.3% | +1.1% | -33.8% |
| 3-Year ReturnCumulative with dividends | -26.2% | +65.2% | -75.7% | -26.5% |
| 5-Year ReturnCumulative with dividends | -18.2% | +118.2% | -91.3% | -3.6% |
| 10-Year ReturnCumulative with dividends | +19.1% | +608.6% | +30.3% | +214.6% |
| CAGR (3Y)Annualised 3-year return | -9.7% | +18.2% | -37.6% | -9.8% |
Risk & Volatility
Evenly matched — UTMD and LMAT each lead in 1 of 2 comparable metrics.
Risk & Volatility
UTMD is the less volatile stock with a 0.55 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. LMAT currently trades 91.4% from its 52-week high vs MMSI's 62.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.55x | 0.57x | 2.20x | 0.71x |
| 52-Week HighHighest price in past year | $71.81 | $118.12 | $20.06 | $100.19 |
| 52-Week LowLowest price in past year | $52.00 | $78.35 | $9.82 | $59.74 |
| % of 52W HighCurrent price vs 52-week peak | +91.1% | +91.4% | +83.9% | +62.2% |
| RSI (14)Momentum oscillator 0–100 | 41.9 | 48.3 | 69.8 | 34.9 |
| Avg Volume (50D)Average daily shares traded | 13K | 244K | 1.5M | 769K |
Analyst Outlook
Evenly matched — UTMD and LMAT each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: LMAT as "Buy", NVCR as "Buy", MMSI as "Buy". Consensus price targets imply 99.0% upside for NVCR (target: $34) vs -5.9% for LMAT (target: $102). For income investors, UTMD offers the higher dividend yield at 1.88% vs LMAT's 0.73%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $101.50 | $33.50 | $95.00 |
| # AnalystsCovering analysts | — | 20 | 15 | 13 |
| Dividend YieldAnnual dividend ÷ price | +1.9% | +0.7% | — | — |
| Dividend StreakConsecutive years of raises | 3 | 15 | — | — |
| Dividend / ShareAnnual DPS | $1.23 | $0.79 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +4.0% | 0.0% | 0.0% | 0.0% |
UTMD leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). LMAT leads in 2 (Profitability & Efficiency, Total Returns). 2 tied.
UTMD vs LMAT vs NVCR vs MMSI: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is UTMD or LMAT or NVCR or MMSI a better buy right now?
For growth investors, LeMaitre Vascular, Inc.
(LMAT) is the stronger pick with 13. 5% revenue growth year-over-year, versus -5. 8% for Utah Medical Products, Inc. (UTMD). Utah Medical Products, Inc. (UTMD) offers the better valuation at 18. 8x trailing P/E (10. 4x forward), making it the more compelling value choice. Analysts rate LeMaitre Vascular, Inc. (LMAT) a "Buy" — based on 20 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 — UTMD or LMAT or NVCR or MMSI?
On trailing P/E, Utah Medical Products, Inc.
(UTMD) is the cheapest at 18. 8x versus LeMaitre Vascular, Inc. at 42. 8x. On forward P/E, Utah Medical Products, Inc. is actually cheaper at 10. 4x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: LeMaitre Vascular, Inc. wins at 1. 92x versus Utah Medical Products, Inc. 's 3. 03x — a reasonable growth-adjusted valuation.
03Which is the better long-term investment — UTMD or LMAT or NVCR or MMSI?
Over the past 5 years, LeMaitre Vascular, Inc.
(LMAT) delivered a total return of +118. 2%, compared to -91. 3% for NovoCure Limited (NVCR). Over 10 years, the gap is even starker: LMAT returned +608. 6% versus UTMD's +19. 1%. 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 — UTMD or LMAT or NVCR or MMSI?
By beta (market sensitivity over 5 years), Utah Medical Products, Inc.
(UTMD) is the lower-risk stock at 0. 55β versus NovoCure Limited's 2. 20β — meaning NVCR is approximately 298% more volatile than UTMD relative to the S&P 500. On balance sheet safety, Utah Medical Products, Inc. (UTMD) carries a lower debt/equity ratio of 0% versus 85% for NovoCure Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — UTMD or LMAT or NVCR or MMSI?
By revenue growth (latest reported year), LeMaitre Vascular, Inc.
(LMAT) is pulling ahead at 13. 5% versus -5. 8% for Utah Medical Products, Inc. (UTMD). On earnings-per-share growth, the picture is similar: LeMaitre Vascular, Inc. grew EPS 30. 6% year-over-year, compared to -12. 1% for Utah Medical Products, Inc.. Over a 3-year CAGR, LMAT leads at 15. 6% 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 — UTMD or LMAT or NVCR or MMSI?
Utah Medical Products, Inc.
(UTMD) is the more profitable company, earning 29. 3% net margin versus -20. 8% for NovoCure Limited — meaning it keeps 29. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: UTMD leads at 29. 6% 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 UTMD or LMAT or NVCR or MMSI 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, LeMaitre Vascular, Inc. (LMAT) is the more undervalued stock at a PEG of 1. 92x versus Utah Medical Products, Inc. 's 3. 03x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, Utah Medical Products, Inc. (UTMD) trades at 10. 4x forward P/E versus 37. 2x for LeMaitre Vascular, Inc. — 26. 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 — UTMD or LMAT or NVCR or MMSI?
In this comparison, UTMD (1.
9% yield), LMAT (0. 7% yield) pay a dividend. NVCR, MMSI do not pay a meaningful dividend and should not be held primarily for income.
09Is UTMD or LMAT or NVCR or MMSI better for a retirement portfolio?
For long-horizon retirement investors, LeMaitre Vascular, Inc.
(LMAT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 57), 0. 7% yield, +608. 6% 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 (LMAT: +608. 6%, 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 UTMD and LMAT 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.
UTMD, LMAT pay a dividend while NVCR, MMSI do 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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