IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices and related accessories, and disposables and services in the United States and internationally. The company offers MRidium MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; MRI compatible patient vital signs monitoring system; and 3600 FMD1 with remote alarm logging unit ferromagnetic …
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Competitive advantage assessment
Key strengths
Elite Gross MarginsGross margin quality is top-tier vs peers (score 0.81). This signals strong consumable attach-rate economics.
Superior Capital ReturnsCapital return quality is top-tier (score 0.91). High ROIC indicates the business is reinvesting at attractive rates.
Key risks
Operating Margin CompressionOperating margin trend is negative (score 0.36). Sustained compression would reduce the commercial moat.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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How IRMD scores on the Medical Devices & Diagnostics defenses
Pricing Power & Consumable Moat
Score 87
· 25% of the moat score
In MedTech, pricing power is rarely about the machine — it is about what the machine consumes.
R&D Pipeline & Capital Returns
Score 89
· 20% of the moat score
Research spending is how a device company keeps its installed base current, but spending alone proves nothing.
FCF Quality & Cash Conversion
Score 79
· 20% of the moat score
MedTech companies grow by acquisition, and the resulting intangible amortisation depresses reported earnings without consuming any cash.
Commercial Execution
Score 74
· 15% of the moat score
Devices are sold into hospitals and labs through committees, tenders and long qualification cycles, which makes the sales organisation expensive and hard to replicate.
Capital Structure & Resilience
Score 90
· 12% of the moat score
Serial acquirers carry debt, and the question is whether the cash flows underneath it are dependable enough to service it through a downturn.
Growth Durability
Score 70
· 8% of the moat score
Growth durability separates an expanding installed base from a good product cycle.
iRadimed Corporation (IRMD) scores 83 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #1 of 160 scored companies in Medical Devices, the top 1%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 159 companies in Medical Devices. Its strongest defense is Capital Structure & Resilience (90/100) and its weakest is Growth Durability (70/100).
How does iRadimed Corporation compare with other Medical Devices companies?
iRadimed Corporation ranks #1 of 160 scored companies in Medical Devices by moat score. That is the widest moat in Medical Devices. The companies ranked closest are Brainsway Ltd. (BWAY) at 79 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Medical Devices & Diagnostics in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 159 companies in Medical Devices. The defenses are then weighted to produce the overall score out of 100.
Why is iRadimed Corporation scored with the Medical Devices & Diagnostics template?
Medical device and diagnostics companies place an instrument once and then sell the consumables, reagents and service that instrument needs for the next decade. The economics are a razor-and-blade model wrapped in regulatory approval and clinician habit, so the MedTech template scores the durability of that installed base rather than the size of any single product launch.
Which competitive defenses are measured for iRadimed Corporation?
The Medical Devices & Diagnostics template measures 6 defenses, and IRMD scores: Pricing Power & Consumable Moat (87), R&D Pipeline & Capital Returns (89), FCF Quality & Cash Conversion (79), Commercial Execution (74), Capital Structure & Resilience (90), Growth Durability (70). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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