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Butterfly Network (BFLY) Competitors

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$1.96 -0.12 (-5.53%)
Closing price 07/25/2025 03:59 PM Eastern
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$1.99 +0.02 (+1.27%)
As of 07/25/2025 07:59 PM Eastern
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BFLY vs. CNMD, CDRE, AORT, ESTA, LQDA, FNA, PLSE, BLFS, TNDM, and MDXG

Should you be buying Butterfly Network stock or one of its competitors? The main competitors of Butterfly Network include CONMED (CNMD), Cadre (CDRE), Artivion (AORT), Establishment Labs (ESTA), Liquidia Technologies (LQDA), Paragon 28 (FNA), Pulse Biosciences (PLSE), BioLife Solutions (BLFS), Tandem Diabetes Care (TNDM), and MiMedx Group (MDXG). These companies are all part of the "medical equipment" industry.

Butterfly Network vs. Its Competitors

Butterfly Network (NYSE:BFLY) and CONMED (NYSE: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 media sentiment, dividends, profitability, valuation, institutional ownership, risk, earnings and analyst recommendations.

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

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Butterfly Network$82.06M5.92-$72.49M-$0.29-6.78
CONMED$1.31B1.21$132.42M$3.8013.40

In the previous week, Butterfly Network had 3 more articles in the media than CONMED. MarketBeat recorded 6 mentions for Butterfly Network and 3 mentions for CONMED. CONMED's average media sentiment score of 0.60 beat Butterfly Network's score of 0.26 indicating that CONMED is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Butterfly Network
2 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral
CONMED
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

37.9% of Butterfly Network shares are held by institutional investors. 25.2% of Butterfly Network shares are held by company insiders. Comparatively, 3.1% of CONMED shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Butterfly Network presently has a consensus target price of $3.50, suggesting a potential upside of 78.12%. CONMED has a consensus target price of $62.20, suggesting a potential upside of 22.14%. Given Butterfly Network's stronger consensus rating and higher possible upside, equities analysts clearly believe Butterfly Network is more favorable than CONMED.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Butterfly Network
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00
CONMED
0 Sell rating(s)
4 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.20

CONMED has a net margin of 9.02% compared to Butterfly Network's net margin of -75.56%. CONMED's return on equity of 14.36% beat Butterfly Network's return on equity.

Company Net Margins Return on Equity Return on Assets
Butterfly Network-75.56% -29.97% -21.13%
CONMED 9.02%14.36%5.86%

Butterfly Network has a beta of 2.46, suggesting that its stock price is 146% more volatile than the S&P 500. Comparatively, CONMED has a beta of 1.2, suggesting that its stock price is 20% more volatile than the S&P 500.

Summary

Butterfly Network and CONMED tied by winning 8 of the 16 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding BFLY and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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BFLY vs. The Competition

MetricButterfly NetworkMEDICAL INFO SYS IndustryMedical SectorNYSE Exchange
Market Cap$514.36M$2.06B$5.70B$21.11B
Dividend YieldN/AN/A4.69%3.60%
P/E Ratio-6.7837.0728.1028.44
Price / Sales5.9211.21428.3558.68
Price / CashN/A55.2536.2222.92
Price / Book2.499.108.664.69
Net Income-$72.49M-$63.59M$3.25B$995.51M
7 Day Performance5.08%3.16%4.22%1.65%
1 Month Performance-1.50%10.15%10.51%4.54%
1 Year Performance85.38%6.21%34.40%9.99%

Butterfly Network Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BFLY
Butterfly Network
2.4812 of 5 stars
$1.97
-5.5%
$3.50
+78.1%
+85.4%$514.36M$82.06M-6.78460News Coverage
Upcoming Earnings
CNMD
CONMED
4.318 of 5 stars
$50.04
-2.4%
$62.20
+24.3%
-27.9%$1.55B$1.31B13.173,900Upcoming Earnings
CDRE
Cadre
3.1633 of 5 stars
$33.47
+2.1%
$37.50
+12.0%
-8.0%$1.36B$567.56M35.232,284Dividend Announcement
AORT
Artivion
2.4571 of 5 stars
$31.68
+0.7%
$32.40
+2.3%
+14.4%$1.35B$390.08M-63.361,600News Coverage
ESTA
Establishment Labs
2.2672 of 5 stars
$45.53
+1.4%
$51.80
+13.8%
-11.9%$1.32B$166.02M-14.691,018Analyst Upgrade
LQDA
Liquidia Technologies
3.3135 of 5 stars
$14.48
+2.8%
$26.89
+85.7%
+71.0%$1.24B$14M-9.1650News Coverage
FNA
Paragon 28
N/A$13.11
+0.1%
$12.75
-2.7%
+51.5%$1.10B$256.18M-17.71343,000High Trading Volume
PLSE
Pulse Biosciences
3.9679 of 5 stars
$16.07
+0.2%
$22.00
+36.9%
-15.7%$1.08B$700K0.00140
BLFS
BioLife Solutions
2.2688 of 5 stars
$22.02
+0.3%
$31.17
+41.5%
-2.0%$1.05B$87.76M-75.93440News Coverage
Positive News
Analyst Forecast
TNDM
Tandem Diabetes Care
4.3473 of 5 stars
$15.75
+1.0%
$32.71
+107.7%
-60.9%$1.05B$982.95M-5.672,650Positive News
MDXG
MiMedx Group
3.4069 of 5 stars
$6.80
+2.1%
$12.50
+83.8%
-12.2%$1.00B$348.88M25.19870Positive News
Upcoming Earnings

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This page (NYSE:BFLY) was last updated on 7/26/2025 by MarketBeat.com Staff
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