Heartbeam Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Heartbeam Inc (BEAT) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Heartbeam Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 439M vs 1,999M combined for tracked competitors (18.0% combined share).
- Scale: Heartbeam Inc ranks #165 of 247 companies by market capitalization in the Medical Equipment & Supplies industry, holding 0.0% of industry market cap.
- Peer differentiation: Revenue per employee of $25.81M compares with $0.36M for the peer group (71.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
Heartbeam Inc vs. its Competitors, Q2 2026
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Heartbeam Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Heartbeam Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (1) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (8) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Heartbeam Inc's competitor groups requires a Commercial License.
Heartbeam Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Heartbeam Inc | - | - | - | Yes |
| Competitors combined (8) | ||||
| High-Confidence Competitors (2) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
BEAT Stock Performance relative to its Competitors
BEAT Stock Performance relative to High-Confidence Competitors
BEAT Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Movano Inc | 282.9% | Outperformed |
| 2 | Veracyte Inc | 282.9% | Outperformed |
| 3 | Opko Health Inc | 282.9% | Outperformed |
| 4 | Mediwound Ltd | 282.9% | Outperformed |
| 5 | Irhythm Holdings Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Heartbeam Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Heartbeam Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Heartbeam Inc | 19.35 | 438.83 |
| Veracyte Inc | 3,778.02 | 544.74 |
| Irhythm Holdings Inc | 3,738.85 | 825.70 |
| Opko Health Inc | 1,215.98 | 587.90 |
| Movano Inc | 294.49 | 4.44 |
| Mediwound Ltd | 156.66 | 16.96 |
| SUBTOTAL | 9,214.01 | 2,470.30 |
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Sources: Heartbeam Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Heartbeam Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Heartbeam Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| General Electric | Named by the company | 85% |
| Koninklijke Philips N.V. | Named by the company | 85% |
| Biotricity Inc | Named by the company | 85% |
| Irhythm Holdings Inc | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Heartbeam Inc's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Heartbeam Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Veracyte Inc | Reportable 100.00 % |
| Movano Inc | AI Platform and Services 100.00 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Heartbeam Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Heartbeam Inc | 19 | 25,813,471 | -1,193,882 |
| Veracyte Inc | 3,778 | 721,503 | 151,633 |
| Irhythm Holdings Inc | 3,739 | 344,043 | -5,811 |
| Opko Health Inc | 1,216 | 258,416 | -32,040 |
| Movano Inc | 294 | 110,875 | -691,300 |
| Mediwound Ltd | 157 | 2,422,714 | -3,411,286 |
| PEERS TOTAL | 9,195 | 360,509 | -865 |
Heartbeam Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Opko Health Inc | US 54.29 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Heartbeam Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 222 companies in Heartbeam Inc's industry classification, broader than the peer set above. Market cap in millions of $.Heartbeam Inc ranks #165 of 222 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 584, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Intuitive Surgical Inc | 145,289 | 13.39 % |
| 2 | Medtronic Plc | 110,891 | 10.22 % |
| 3 | Stryker Corp | 106,301 | 9.80 % |
| 4 | 3m Company | 85,752 | 7.91 % |
| 5 | Boston Scientific Corporation | 1,234 | 5.2% |
| 6 | Edwards Lifesciences Corporation | 1,234 | 5.2% |
| 7 | Becton Dickinson And Company | 1,234 | 5.2% |
| 8 | Dexcom Inc | 1,234 | 5.2% |
| 9 | Resmed Inc | 1,234 | 5.2% |
| 10 | Alcon inc | 1,234 | 5.2% |
| 165 | Heartbeam Inc | 19 | 0.00 % |
Market cap and industry share for the rest of Heartbeam Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-30.
Heartbeam Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 160 | Pavmed Inc | 23 | - |
| 161 | P3 Health Partners Inc | 23 | - |
| 162 | Baird Medical Investment Holdings Limited | 22 | -67.20 % |
| 163 | Retractable Technologies Inc | 21 | -15.00 % |
| 164 | Beyond Air Inc | 1,234 | 12.3% |
| 165 | Heartbeam Inc | 19 | -77.87 % |
| 166 | Lifeward ltd | 1,234 | 12.3% |
| 167 | Seastar Medical Holding Corp | 1,234 | 12.3% |
| 168 | Heartsciences Inc | 1,234 | 12.3% |
| 169 | Endra Life Sciences Inc | 1,234 | 12.3% |
| 170 | Allurion Technologies Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Heartbeam Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-30. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Heartbeam Inc's Valuation vs Competitive Position
Valuation multiples vs the Medical Equipment & Supplies industry average (288 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Medical Equipment & Supplies industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 34.6x | - |
| EV / EBITDA | - | 19.6x | - |
| P/B | 13.4x | 4.7x | +8.6x |
| Return on Equity | -686.78 % | industry aggregate | -698.84 % |
| Return on Invested Capital | -345.25 % | -2.30 % (avg) | -342.95 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Heartbeam Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2015 | 2017 | 2018 | 2019 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 7.16 % | 37.65 % | 39.30 % | 9.92 % | - | - | - | - |
| Operating Margin | 5.33 % | -0.61 % | 12.47 % | 12.01 % | - | - | - | - |
| Return on Invested Capital | 5.79 % | -0.34 % | 6.28 % | 5.47 % | -0.43 % | -53.43 % | -136.88 % | -287.21 % |
| P/E | - | - | 53.8x | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Heartbeam Inc's BCG Growth-Share Matrix
Relative market share (vs Heartbeam Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
Heartbeam Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 9.2% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Heartbeam Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 584 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Heartbeam Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Heartbeam Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Heartbeam Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Heartbeam Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Heartbeam Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 698.8 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Heartbeam Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Heartbeam Inc | 1.48 | 1.59 | - |
| Veracyte Inc | 4.95 | 8.11 | - |
| Irhythm Holdings Inc | 1.96 | 4.50 | 4.18 |
| Opko Health Inc | 0.49 | 3.66 | 0.29 |
| Movano Inc | 1.14 | 1.55 | 0.01 |
| Mediwound Ltd | 0.19 | 2.33 | - |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Heartbeam Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Heartbeam Inc | Q2 2026 | - | - |
| Veracyte Inc | Q2 2026 | +23.4 % | - |
| Irhythm Holdings Inc | Q2 2026 | +20.6 % | - |
| Opko Health Inc | Q2 2026 | +4.3 % | - |
| Movano Inc | Q2 2026 | +3,590.3 % | - |
| Mediwound Ltd | Q4 2025 | -16.1 % | - |
| PEERS TOTAL | +15.2 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Heartbeam Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Heartbeam Inc | Q2 2026 | - | +144.1 % |
| Veracyte Inc | Q2 2026 | -91.4 % | +122.3 % |
| Irhythm Holdings Inc | Q2 2026 | +15.0 % | +30.8 % |
| Opko Health Inc | Q2 2026 | -22.2 % | -8.5 % |
| Movano Inc | Q2 2026 | - | - |
| Mediwound Ltd | Q4 2025 | -12.6 % | -12.2 % |
Heartbeam Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Heartbeam Inc | - | - | - |
| Veracyte Inc | 8.04% | 8.15% | 8.64% |
| Irhythm Holdings Inc | - | - | - |
| Opko Health Inc | - | - | - |
| Movano Inc | - | - | - |
| Mediwound Ltd | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Heartbeam Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Heartbeam Inc | - | 0.04 |
| Veracyte Inc | 32.65 | 6.94 |
| Irhythm Holdings Inc | - | 4.53 |
| Opko Health Inc | - | 2.07 |
| Movano Inc | - | 66.40 |
| Mediwound Ltd | - | 9.24 |
| PEERS AVERAGE | - | 3.73 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.