SurModics (NASDAQ: SRDX) and CONMED (NASDAQ:CNMD) are both small-cap medical companies, but which is the superior stock? We will contrast the two companies based on the strength of their risk, profitability, earnings, dividends, valuation, analyst recommendations and institutional ownership.


This table compares SurModics and CONMED’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
SurModics 5.37% 6.18% 5.11%
CONMED 1.99% 8.40% 3.65%


CONMED pays an annual dividend of $0.80 per share and has a dividend yield of 1.4%. SurModics does not pay a dividend. CONMED pays out 142.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.

Earnings & Valuation

This table compares SurModics and CONMED’s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
SurModics $73.11 million 5.44 $3.92 million $0.29 103.97
CONMED $763.52 million 2.12 $14.66 million $0.56 103.57

CONMED has higher revenue and earnings than SurModics. CONMED is trading at a lower price-to-earnings ratio than SurModics, indicating that it is currently the more affordable of the two stocks.

Volatility & Risk

SurModics has a beta of 0.85, meaning that its stock price is 15% less volatile than the S&P 500. Comparatively, CONMED has a beta of 0.66, meaning that its stock price is 34% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent recommendations and price targets for SurModics and CONMED, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
SurModics 0 0 2 0 3.00
CONMED 0 3 1 0 2.25

SurModics presently has a consensus target price of $40.00, indicating a potential upside of 32.67%. CONMED has a consensus target price of $50.67, indicating a potential downside of 12.64%. Given SurModics’ stronger consensus rating and higher possible upside, equities research analysts clearly believe SurModics is more favorable than CONMED.

Institutional and Insider Ownership

85.0% of SurModics shares are held by institutional investors. Comparatively, 99.0% of CONMED shares are held by institutional investors. 7.7% of SurModics shares are held by insiders. Comparatively, 2.6% of CONMED shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.


SurModics beats CONMED on 10 of the 16 factors compared between the two stocks.

About SurModics

Surmodics, Inc. is a provider of medical device and in vitro diagnostic technologies to the healthcare industry. The Company operates through two segments: Medical Device and In Vitro Diagnostics. The Company’s Medical Device segment consists of surface modification coating technologies to improve access, deliverability and predictable deployment of medical devices; international cardiology and peripheral balloon design, development and manufacturing, as well as drug delivery coating technologies to provide site-specific drug delivery from the surface of a medical device. The Company’s In Vitro Diagnostics segment manufactures or sells components for in vitro diagnostic immunoassay and molecular tests. The In Vitro Diagnostics segment manufactures and sells surface coatings to the diagnostic, biomedical research and life science markets. In Vitro Diagnostics segment offers protein stabilization reagents, substrates, antigens and surface coatings.


CONMED Corporation is a medical technology company. The Company is engaged in the development, manufacturing and sale on a global basis of surgical devices and related equipment. The Company provides surgical devices and equipment for minimally invasive procedures. The Company’s products are used by surgeons and physicians in a range of specialties, including orthopedics, general surgery, gynecology, neurosurgery and gastroenterology. The Company’s product lines consist of orthopedic surgery, general surgery and surgical visualization. As of December 31, 2016, the Company’s products are distributed domestically directly to over 6,000 hospitals, surgery centers and other healthcare institutions, as well as through medical specialty distributors. The Company’s orthopedic surgery product lines include sports medicine, powered surgical instruments, and sports biologics and tissue. These products are marketed under a range of brands, including Hall, CONMED Linvatec, Concept and Shutt.

Receive News & Ratings for SurModics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SurModics and related companies with's FREE daily email newsletter.