Vocera Communications Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Vocera Communications Inc (VCRA) 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: Vocera Communications Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 234M vs 1,313M combined for its competitors (15.1% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+12.3% annualized vs trailing 12 months), vs decelerating (-14.4%) for its tracked peer group.
- Growth: Vocera Communications Inc generated 16.2% revenue growth year over year in Q4 2021, vs 16.0% for its competitors combined.
- Profitability: Its -1.0% net margin compares with 4.8% for the peer group.
- Peer revenue share: Vocera Communications Inc accounted for 19.0% of combined revenue among its tracked peer group, up from 18.9% a year earlier.
- Peer differentiation: Revenue per employee of $0.40M compares with $0.45M for the peer group (0.9x).
- Structure: Vocera Communications Inc operates in the following segments: Product, Service.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
VCRA Sales vs. its Competitors, Q4 2021
Vocera Communications Inc reported revenue growth of 16.23 % year on year in Q4 2021, above its competitors' combined revenue growth of 16.03 %.
With a net margin of -1.00 %, Vocera Communications Inc reported lower profitability than its competitors (4.75 %).
Vocera Communications Inc generated 18.97 % of the combined sales of its peer group, up from 18.94 % a year earlier.
API endpoints for this dataset
Vocera Communications Inc vs. its Competitors, Q4 2021
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
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 Vocera Communications Inc reports; 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 Vocera Communications Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Vocera Communications Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (34) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Vocera Communications Inc's competitor groups requires a Commercial License.
For context: the Communications Equipment industry grew revenue 5.1% year over year, combined, vs 16.2% for Vocera Communications Inc. Vocera Communications Inc's share of combined industry revenue moved from 0.09% to 0.10%, a gain of 0.01 percentage points.
Vocera Communications Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Vocera Communications Inc | No | Yes | Yes | No |
| Competitors combined (1) | ||||
| High-Confidence Competitors (39) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 12.50 % (1 of 8) |
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.
VCRA Stock Performance relative to its Competitors
VCRA Stock Performance relative to High-Confidence Competitors
VCRA Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Extreme Networks Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Vocera Communications Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Vocera Communications Inc's Comment on Competition and Industry Peers
At this time, the primary alternative to our system consists of a combination of traditional communication methods utilizing wired phones, wireless in-building phones, smartphones, pagers and overhead paging systems.
The most significant alternative with which we compete for sales in the hospital are in-building wireless telephones and smartphone applications. While we compete with the providers of these wireless phones in making sales to hospitals, they do not at this time purport to contain the system intelligence, integrated workflow and convenience of our communication and workflow solutions. The market for in-building wireless phones is dominated by large communications companies such as Cisco Systems, Ascom and Spectralink.
We believe that the use of mobile smartphone apps for healthcare will continue
to expand in our target market and may represent a source of competition but
this trend also represents an opportunity to expand our communication solutions
with our smartphone applications, which enable all members of the patients
care team to connect to our software platform and participate as users on our
Communication system.
We believe that the primary competitive factors at work in our market include:
comprehensiveness of the solution and the features provided and the ability
to purchase the complete solution from a single vendor
product performance and reliability
the initial cost and ongoing cost of ownership
customer service and support capabilities
We may face increased competition in the future, including from large, multinational companies with significant resources. Potential competitors may have existing relationships with purchasers of other products and services within the hospital, which may enhance their ability to gain a foothold in our market. In addition, the continuing expansion of our communication and workflow collaboration capabilities, may introduce us to a broader set of competitors. These competitors may include companies that provide clinical workflow solutions, enterprise software, cloud-based solutions and electronic health records.
Publicly Traded Peers of Vocera Communications Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Vocera Communications Inc |
2,713.76 | 234.19 |
 Extreme Networks Inc |
3,660.68 | 1,313.27 |
| SUBTOTAL | 6,374.45 | 1,547.45 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Vocera Communications Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Vocera Communications Inc's Competitors Named by the Company
Competitive relationships identified from Vocera Communications Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Penumbra Inc | Company report | 85% |
| Angiodynamics Inc | Company report | 85% |
| Integra Lifesciences Holdings Corp | Company report | 85% |
| Sintx Technologies Inc | Company report | 85% |
| Bone Biologics Corporation | Company report | 85% |
| Anika Therapeutics Inc | Company report | 85% |
| Bioventus Inc | Company report | 85% |
| Catheter Precision Inc | Company report | 85% |
| Enovis Corp | Company report | 85% |
| Monogram technologies inc | Company report | 85% |
| Teleflex Incorporated | Company report | 85% |
| Steris Plc | Company report | 85% |
| Conmed Corporation | Company report | 85% |
| Zimmer | Company report | 85% |
| Medtronic | Company report | 85% |
| Baxter International Inc. | Company report | 85% |
| Globus Medical Inc | Company report | 85% |
| Boston Scientific Corporation | Company report | 85% |
| Becton Dickinson And Company | Company report | 85% |
| Steris Plc | Company report | 85% |
| Zoll Medical Corporation | Company report | 85% |
| Neuroone Medical Technologies Corp | Company report | 85% |
| Karl Storz GmbH & Co. | Company report | 85% |
| Terumo Corporation | Company report | 85% |
| Koninklijke Philips Nv | Company report | 85% |
| Arthrex, Inc. | Company report | 85% |
| Olympus Optical Co. Ltd. | Company report | 85% |
| Avanos Medical Inc | Company report | 85% |
| Medline Industries | Company report | 85% |
| Elutia Inc | Company report | 85% |
| Marathon Bancorp inc | Company report | 85% |
| Sbc Medical Group Holdings Incorporated | Company report | 85% |
| Johnson & Johnson | Company report | 85% |
| Smith & Nephew | Company report | 85% |
| Ferno-Washington, Inc. | Company report | 85% |
| Xtant Medical Holdings Inc | Company report | 85% |
| Paragon 28 inc | Company report | 85% |
| Abbott | Company report | 85% |
| Phillips | Company report | 85% |
| DePuy Synthes | Company report | 85% |
| Roche | Company report | 85% |
| Baxter/Hill-Rom, Inc. | Company report | 85% |
| Nuvasive, Inc. | Company report | 85% |
| Inspiremd Inc | Company report | 85% |
| Axogen inc | Company report | 85% |
| Alphatec Holdings Inc | Company report | 85% |
| Shandong Weigao | Company report | 85% |
| Hill-Rom Holdings, Inc. | Company report | 85% |
| Organogenesis Holdings Inc | Company report | 85% |
| Cisco Systems | Company report | 85% |
| Vicarious Surgical Inc | Company report | 85% |
| Orthopediatrics Corp | Company report | 85% |
| Asensus Surgical Inc | Company report | 85% |
| Procept Biorobotics Corporation | Company report | 85% |
| Danaher Corporation | Company report | 85% |
| Encision Inc | Company report | 85% |
| Si bone inc | Company report | 85% |
| Livanova Plc | Company report | 85% |
| Meihua International Medical Technologies Co Ltd | Company report | 85% |
| Intuitive Surgical Inc | Company report | 85% |
| Surgalign Holdings Inc | Company report | 85% |
| Ir med Inc | Company report | 85% |
| Pro dex Inc | Company report | 85% |
| Orthofix Medical Inc | Company report | 85% |
| Edwards Lifesciences Corporation | Company report | 85% |
| Vaso Corporation | Company report | 85% |
| Adagio Medical Holdings inc | Company report | 85% |
| Avinger Inc | Company report | 85% |
| Utah Medical Products Inc | Company report | 85% |
| Medinotec Inc | Company report | 85% |
| Icecure Medical Ltd | Company report | 85% |
| Atrion Corporation | Company report | 85% |
| Lemaitre Vascular Inc | Company report | 85% |
| Cvrx inc | Company report | 85% |
| Fuse Medical Inc | Company report | 85% |
| Staar Surgical Co | Company report | 85% |
| Silk Road Medical Inc | Company report | 85% |
| Cervomed Inc | Company report | 85% |
| Extreme Networks Inc | Company report | 85% |
| Apyx Medical Corp | Company report | 85% |
| Atricure Inc | Company report | 85% |
| Bionik Laboratories Corp | Company report | 85% |
| Streamex Corp | Company report | 85% |
| Nevro Corp | Company report | 85% |
| Merit Medical Systems Inc | Company report | 85% |
| Elite Health Systems Inc | Company report | 85% |
| Abiomed Inc | Company report | 85% |
| Shockwave Medical Inc | Company report | 85% |
| West Pharmaceutical Services Inc | Company report | 85% |
| Avita Medical Inc | Company report | 85% |
| Autonomix Medical Inc | Company report | 85% |
| Inspire Medical Systems inc | Company report | 85% |
| Cardiovascular Systems Inc | Company report | 85% |
| Conformis inc | Company report | 85% |
| Zimvie Inc | Company report | 85% |
| Prolung Inc | Company report | 85% |
| Ss Innovations International Inc | Company report | 85% |
| Tenon Medical Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Vocera Communications Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Vocera Communications 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 |
|---|---|
| Vocera Communications Inc | Product 50.46 % |
Source: operating segment revenue as reported in each company's reports (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).
Vocera Communications 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 |
|---|---|---|---|
| Vocera Communications Inc | 2,714 | 396,924 | -14,398 |
| Extreme Networks Inc | 3,661 | 453,790 | 18,136 |
| PEERS TOTAL | 3,661 | 453,790 | 18,136 |
Vocera Communications Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Extreme Networks Inc | US 49.83 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Vocera Communications Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Communications Equipment industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (46 companies). See the full Communications Equipment industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 66.12 % | 30.13 % (avg) | +36.0 pp |
| Operating Margin | -1.74 % | industry median | -1.5 pp |
| EBITDA Margin | 2.30 % | 0.40 % (avg) | +1.9 pp |
| Capital Intensity (Capex / Revenue) | 1.64 % | 3.50 % (avg) | -1.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Vocera Communications Inc's Valuation vs Competitive Position
Valuation multiples vs the Communications Equipment industry average (46 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 Communications Equipment industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 41.8x | - |
| EV / EBITDA | 391.4x | 18.0x | +373.4x |
| P/B | 12.8x | 4.1x | +8.7x |
| Return on Equity | -5.63 % | industry aggregate | -19.10 % |
| Return on Invested Capital | -0.74 % | -4.33 % (avg) | 3.59 % |
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.
Vocera Communications Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -6.90 % | 9.08 % | 22.68 % | 27.29 % | 10.51 % | 0.48 % | 9.93 % | 18.02 % |
| Operating Margin | -29.43 % | -16.14 % | -13.28 % | -8.63 % | -3.51 % | -7.82 % | -2.06 % | -1.74 % |
| Return on Invested Capital | -11.70 % | -7.63 % | -7.73 % | -6.19 % | -1.59 % | -3.14 % | -0.86 % | -0.74 % |
| P/E | - | - | - | - | - | - | - | - |
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.
Vocera Communications Inc's Strategic Group Map
Vocera Communications Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Vocera Communications Inc's trailing-12-month revenue growth of 18.0% and operating margin of -1.7% compares with an average of 11.9% growth and 2.6% margin across its 8 closest peers by combined growth, margin and ROIC -- Vocera Communications Inc sits above that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Vocera Communications 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 |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.64 % vs industry average 3.50 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Vocera Communications Inc's dedicated Suppliers and Customers pages, not here.
Vocera Communications Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Vocera Communications Inc falls in the Low attractiveness / High strength cell: Selective.
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.
Vocera Communications 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
- Latest-quarter revenue run-rate is accelerating (+12.3% annualized vs trailing 12 months).
Weaknesses
- Return on equity 19.1 points below the industry aggregate.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-14.4% annualized).
Methodology: see Methodology: SWOT Analysis.
Vocera Communications 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 |
|---|---|---|---|
| Vocera Communications Inc | 0.65 | 3.43 | 1.67 |
| Extreme Networks Inc | 0.37 | 0.94 | 2.30 |
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.
Vocera Communications 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 |
|---|---|---|---|
| Vocera Communications Inc | Q4 2021 | +16.2 % | - |
| Extreme Networks Inc | Q3 2026 | +10.0 % | +184.8 % |
| PEERS TOTAL | +11.0 % | +167.3 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Vocera Communications 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 |
|---|---|---|---|
| Vocera Communications Inc | Q4 2021 | +16.7 % | +40.3 % |
| Extreme Networks Inc | Q3 2026 | +5.9 % | -1.4 % |
Vocera Communications Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Vocera Communications Inc | - | - | - |
| Extreme Networks Inc | 4.37% | 8.65% | 65.38% |
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).
Vocera Communications Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Vocera Communications Inc | - | 11.59 |
| Extreme Networks Inc | 69.69 | 2.79 |
| PEERS AVERAGE | 144.90 | 4.12 |
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.