BVS vs ISRG vs LMAT Stock Comparison

Bioventus, Intuitive Surgical and Lemaitre Vascular Prices as of Oct 26, 2026 Peers: Industry group
BVS Bioventus Inc.
$14.72 +6.6% 1M +112.1% 1Y
Market cap
$976.64M
P/E
17.9x
Revenue (TTM)
$581.85M
Div. yield
–
Medical Devices Healthcare
3 wins
ISRG Intuitive Surgical Inc
$451.63 +11.5% 1M -17.4% 1Y
Market cap
$155.58B
P/E
52.6x
Revenue (TTM)
$11.58B
Div. yield
–
Medical Devices Healthcare
4 wins
LMAT Lemaitre Vascular Inc
$84.31 +3.4% 1M -5.5% 1Y
Market cap
$1.91B
P/E
29.1x
Revenue (TTM)
$262.43M
Div. yield
0.01%
Medical Devices Healthcare
2 wins

Head to Head

9 decided of 12

Intuitive Surgical leads on 4 of the 12 questions below (Intuitive Surgical 4, Bioventus 3, Lemaitre Vascular 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBVSISRGLMATLeader
Larger companyMarket capitalisation $976.64M $155.58B $1.91B ISRG
Cheaper on earningsLower P/E, profitable companies only 17.9x 52.6x 29.1x BVS
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.6x 39.4x 28.6x BVS
Faster revenue growthRevenue growth, trailing twelve months +3.1% +20.5% +11.8% ISRG
More profitableNet margin, trailing twelve months 9.4% 25.5% 25.0% ISRG
Better return on capitalReturn on invested capital 11.3% — — –
Less leveragedLower net debt / EBITDA 2.1x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +112.1% -17.4% -5.5% BVS
Better 5-year returnAnnualised price return, 5 years -0.3%/yr +5.3%/yr +9.0%/yr LMAT
Less volatileAnnualised volatility, 1 year 50.8% 34.6% 46.2% ISRG
Higher overall scoreMean of the five percentile scores vs peers 72/100 80/100 83/100 LMAT

Percentile Scorecard

BVSISRGLMAT

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBVSISRGLMAT
Valuation 94 #15 of 228 53 #108 of 228 74 #59 of 228
Growth 93 #17 of 221 80 #45 of 221 89 #25 of 221
Profitability 90 #22 of 208 98 #6 of 208 96 #9 of 208
Financial Health 28 #172 of 239 78 #53 of 239 89 #27 of 239
Shareholder Returns 54 #63 of 137 92 #12 of 137 64 #50 of 137
Overall 72 80 83
  • BVS ranked among 248 companies in Medical Devices and Diagnostics
  • ISRG ranked among 248 companies in Medical Devices and Diagnostics
  • LMAT ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBVSISRGLMATSPY
1 month +6.6%+11.5%+3.4% -0.8%
3 months +18.2%+26.6%-14.8% +3.5%
6 months +47.1%-4.1%-26.4% +7.0%
Year to date +97.8%-20.3%+4.0% +12.2%
1 year +112.1%-17.4%-5.5% +13.0%
3 years +347.4%+74.4%+77.9% +86.3%
3 years, per year +64.8%+20.4%+21.2% +23.1%
5 years -1.7%+29.4%+53.6% +68.6%
5 years, per year -0.3%+5.3%+9.0% +11.0%
10 years —+510.6%+344.9% +258.0%
10 years, per year —+19.8%+16.1% +13.6%

Risk

MeasureBVSISRGLMATSPY
Volatility, 1Y 50.8%34.6%46.2% 12.7%
Downside volatility, 1Y 47.6%37.5%53.2% 12.7%
Beta vs S&P 500, 1Y 0.630.900.43 1.00
Return / volatility, 1Y 2.21-0.50-0.12 1.02
Max drawdown, 5Y -94.5%-49.9%-33.5% -25.4%
From 52-week high -3.5%-23.8%-28.2% -1.8%
52-week high $15.26$592.85$117.39 $779.14
52-week low $6.53$332.02$78.80 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBVSISRGLMAT
P/E now vs peer median 18.3xmedian 30.6x 53.3xmedian 30.6x 29.3xmedian 30.6x
P/S now vs peer median 2.1xmedian 3.0x 13.5xmedian 3.0x 7.3xmedian 3.0x
EV/EBITDA now vs peer median 14.1xmedian 17.5x 37.3xmedian 17.5x 17.5xmedian 17.5x
P/FCF now vs peer median 13.1xmedian 23.3x 43.5xmedian 23.3x 26.1xmedian 23.3x
P/B now vs peer median 4.5xmedian 2.4x 9.7xmedian 2.4x 4.6xmedian 2.4x
PEG now vs peer median 0.62median 0.87 2.07median 0.87 0.87median 0.87

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBVSISRGLMAT
Revenue $581.85M $11.58B $262.43M
Gross profit $399.45M $7.78B $191.31M
Operating income $58.28M $3.28B $77.32M
Net income $61.48M $2.97B $65.67M
Free cash flow $94.29M $3.60B $73.83M
R&D $11.57M $1.49B $15.41M
EPS (diluted) $0.77 $8.41 $2.68
Cash & equivalents $29.46M $2.98B $26.63M
Total debt $248.45M – –
Shares (diluted) 70.84M 351.60M 24.53M
Enterprise value $817.93M $135.87B $467.34M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBVSISRGLMAT
P/E 18.3x 53.3x 29.3x
P/FCF 13.1x 43.5x 26.1x
P/Operating cash flow 12.8x 38.3x 23.2x
P/S 2.1x 13.5x 7.3x
P/B 4.5x 9.7x 4.6x
P/Tangible book -16.8x 10.5x 4.9x
EV/EBITDA 14.1x 37.3x 17.5x
EV/EBIT 25.0x 46.4x 20.1x
EV/Revenue 2.5x 13.2x 5.9x
EV/FCF 15.4x 42.4x 21.0x
EV/Operating cash flow 15.0x 37.3x 18.7x
PEG (3Y EPS CAGR) 0.62 2.07 0.87

Growth

14 metrics
MetricBVSISRGLMAT
Revenue growth (1Y) 3.1% 20.5% 11.8%
Revenue CAGR (3Y) 4.4% 19.1% 14.0%
Gross profit growth (1Y) 4.7% 21.9% 18.0%
Gross profit CAGR (3Y) 7.5% 19.5% 18.8%
Operating income growth (1Y) 68.5% 16.6% 41.2%
Operating income CAGR (3Y) 31.2% 24.8% 36.4%
Net income growth (1Y) 12,370% 7.5% 39.4%
Net income CAGR (3Y) 29.4% 24.4% 37.6%
EPS growth (1Y) 7,309% 10.8% 30.1%
EPS CAGR (3Y) 29.5% 25.7% 33.6%
Operating cash flow growth (1Y) 167.3% 38.1% 41.2%
Operating cash flow CAGR (3Y) 69.2% 26.4% 48.0%
Free cash flow growth (1Y) 176.5% 58.4% 41.1%
Free cash flow CAGR (3Y) 71.9% 42.0% 57.4%

Profitability

14 metrics
MetricBVSISRGLMAT
Gross margin 68.7% 67.2% 72.9%
EBITDA margin 17.8% 35.3% 33.8%
Operating margin 10.0% 28.4% 29.5%
Pretax margin 6.6% 31.3% 32.3%
Net margin 9.4% 25.5% 25.0%
FCF margin 16.2% 31.1% 28.1%
Operating cash flow margin 16.6% 35.3% 31.6%
Return on equity 24.0% 17.3% 15.9%
Return on assets 9.3% 14.8% 10.3%
Return on invested capital 11.3% – –
Return on capital employed 11.4% 18.7% 12.8%
Asset turnover 0.9x 0.6x 0.4x
Cash conversion (OCF / net income) 1.6x 1.4x 1.3x
Stock comp / revenue 2.6% 7.2% 3.0%

Financial Health

11 metrics
MetricBVSISRGLMAT
Debt / assets 36.9% – –
Debt / equity 0.9x – –
Net debt / EBITDA 2.1x – –
Debt / FCF 2.6x – –
Liabilities / assets 58.8% 16.7% 34.4%
Equity / assets 41.2% 83.3% 65.6%
Interest coverage – – 14.9x
Current ratio 1.7x 3.3x 16.3x
Quick ratio 1.1x 2.3x 13.8x
Cash ratio 0.2x 1.6x 12.6x
Altman Z-score 2.59 30.92 7.37

Shareholder Returns

7 metrics
MetricBVSISRGLMAT
Dividend yield – – 1.1%
Net buyback yield -0.1% 2.7% -0.3%
Shareholder yield -0.1% 2.7% 0.8%
Payout ratio (earnings) – – 31.2%
Payout ratio (FCF) – – 27.8%
Dividend growth (1Y) – – 26.3%
Dividend CAGR (3Y) – – 20.5%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBVSISRGLMAT
Forward P/E 19.6xFY2026 39.4xFY2026 28.6xFY2026
EPS, next fiscal year $0.75FY2026 $11.47FY2026 $2.95FY2026
EPS growth, next FY +10.3%FY2026 +28.4%FY2026 +17.1%FY2026
EPS growth, the year after +30.7% +4.5% +12.9%
Revenue, next fiscal year $632.22MFY2026 $11.60BFY2026 $266.90MFY2026
Revenue growth, next FY +11.3%FY2026 +15.3%FY2026 +6.9%FY2026
Revenue growth, the year after -2.6% +11.3% +19.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBVSISRGLMAT
Held by institutions 78.9% 86.2% 99.3%
Institutions holding 156 2,235 327
Change in shares held, QoQ +5.8% +4.6% +2.8%
Institutions buying 101 1,070 172
Institutions selling 37 877 98
Buyers to sellers 2.73 1.22 1.76

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BVSISRGLMAT
BVS 1.00 0.33 0.09
ISRG 0.33 1.00 0.23
LMAT 0.09 0.23 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BVS, ISRG and LMAT?

Intuitive Surgical (ISRG) is the largest by market capitalisation: Bioventus (BVS) $976.64M, Intuitive Surgical (ISRG) $155.58B, Lemaitre Vascular (LMAT) $1.91B.

Which stock is cheaper, BVS, ISRG and LMAT?

Bioventus (BVS) trades on the lowest price-to-earnings ratio (Bioventus (BVS) 17.9x, Intuitive Surgical (ISRG) 52.6x, Lemaitre Vascular (LMAT) 29.1x). On next year's consensus earnings, Bioventus (BVS) is cheapest (Bioventus (BVS) 19.6x, Intuitive Surgical (ISRG) 39.4x, Lemaitre Vascular (LMAT) 28.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Intuitive Surgical (ISRG) grew revenue fastest over the trailing twelve months: Bioventus (BVS) +3.1%, Intuitive Surgical (ISRG) +20.5%, Lemaitre Vascular (LMAT) +11.8%.

Which company is more profitable?

Intuitive Surgical (ISRG) has the highest net margin (Bioventus (BVS) 9.4%, Intuitive Surgical (ISRG) 25.5%, Lemaitre Vascular (LMAT) 25.0%).

Which stock has performed better?

Over the past year Bioventus (BVS) returned the most: Bioventus (BVS) +112.1%, Intuitive Surgical (ISRG) -17.4%, Lemaitre Vascular (LMAT) -5.5%. Over five years, Lemaitre Vascular (LMAT) compounded fastest (Bioventus (BVS) -0.3%/yr, Intuitive Surgical (ISRG) +5.3%/yr, Lemaitre Vascular (LMAT) +9.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Bioventus (BVS) 0.00%, Intuitive Surgical (ISRG) 0.00%, Lemaitre Vascular (LMAT) 0.01%. Bioventus (BVS) and Intuitive Surgical (ISRG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Intuitive Surgical (ISRG) has been the steadiest (Bioventus (BVS) 50.8%, Intuitive Surgical (ISRG) 34.6%, Lemaitre Vascular (LMAT) 46.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BVS, ISRG and LMAT?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Intuitive Surgical (ISRG) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.