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Zynex, Inc., together with its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pain, and activate and exercise muscles for rehabilitative purposes with elec...
We've identified the following companies as similar to Zynex Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
| Name | Ticker | EBT, Incl. Unusual Items CAGR (3y) |
|---|---|---|
| Zynex Inc | NASDAQGS:ZYXI | -45.4% |
| Healthcare | SECTOR:HLTH.US | 1.9% |
| CVRx Inc | NASDAQGS:CVRX | NM- |
| Orthopediatrics Corp | NASDAQGM:KIDS | NM- |
| REMSleep Holdings Inc | PINC:RMSL | NM- |
| QT Imaging Holdings Inc | PINC:QTIH | NM- |
| DexCom Inc | NASDAQGS:DXCM | 40.3% |
| Hyperfine Inc | NASDAQGM:HYPR | NM- |
| Encision Inc | PINC:ECIA | NM- |
| Pro-Dex Inc | NASDAQCM:PDEX | -29.8% |
| Alphatec Holdings Inc | NASDAQGS:ATEC | NM- |
| Apyx Medical Inc | NASDAQGS:APYX | NM- |
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to EBT, Incl. Unusual Items CAGR (3y) in the growth category include:
Three-year compound annual growth rate in pre-tax income.
EBT, Incl. Unusual Items CAGR (3y) measures the three-year compound annual growth rate in EBT, Incl. Unusual Items.
Compound annual growth rate (CAGR) is a commonly used business and investing term that measures the growth of a metric over multiple periods. CAGRs are useful since they reduce the effect of volatility in specific periods, unlike arithmetic means.
You can find the calculation details for Zynex’s EBT, Incl. Unusual Items CAGR outlined below. The calculation starts by listing values for EBT, Incl. Unusual Items for the last four fiscal years that are required to calculate CAGR:
| Fiscal Year | EBT, Incl. Unusual Items | YoY Growth |
|---|---|---|
| 2021-12-31T00:00:00.000Z | 22.271 M | |
| 2022-12-31T00:00:00.000Z | 22.198 M | −0.3% |
| 2023-12-31T00:00:00.000Z | 12.579 M | −43.3% |
| 2024-12-31T00:00:00.000Z | 3.627 M | −71.2% |
Using the values for EBT, Incl. Unusual Items listed in the table above, we can calculate three-year EBT, Incl. Unusual Items CAGR as follows:
Number of years = 3
Multiplier = $3.627 M / $22.271 M = 0.16
3 Year CAGR = 0.16 ^ (1/3) - 1 = −45.4%
Growth calculations are always made in the company’s reporting currency to ensure currency fluctuations do not impact the calculation. Zynex’s reports in the USD currency. You can read more about EBT, Incl. Unusual Items here and compound annual growth rate on Wikipedia. You may also find variants five-year EBT, Incl. Unusual Items CAGR, and seven-year EBT, Incl. Unusual Items CAGR useful.
The chart above depicts the distribution of ebt, incl. unusual items cagr (3y) for companies operating in the Healthcare sector in the Developed economic region. Over 490 companies were considered in this analysis, and 477 had meaningful values. The average ebt, incl. unusual items cagr (3y) of companies in the sector is 2.9% with a standard deviation of 26.8%.
Zynex Inc's EBT, Incl. Unusual Items CAGR (3y) of -45.4% ranks in the 4.0% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 497 |
| Included Constituents | 477 |
| Min | -59.6% |
| Max | 92.6% |
| Median | 4.0% |
| Mean | 2.9% |
| Standard Deviation | 26.8% |
You can find companies with similar ebt, incl. unusual items cagr (3y) using this stock screener.