ATRC

Healthcare

AtriCure, Inc. · Medical - Instruments & Supplies · $1B

UQS Score — Balanced Preset
48.4
Below Average

AtriCure, Inc. scores 48.4/100 using the Balanced preset.

UQS vs Healthcare Sector
ATRC
48.4
Sector avg
32.4
Quality
Weak
Moat
Weak
Growth
Good
Risk
Strong
Valuation
Neutral

What is AtriCure, Inc.?

AtriCure, Inc. is a medical device company focused on cardiac ablation and nerve management solutions. Founded in 2005 and headquartered in Mason, Ohio, it serves hospitals and surgical centers across the United States, Europe, Asia, and other international markets.

AtriCure develops and sells single-use and reusable surgical devices used primarily to treat atrial fibrillation and manage post-operative pain. Its products enable surgeons to ablate cardiac tissue, close the left atrial appendage, and perform intercostal nerve procedures. Revenue comes from direct device sales to hospitals and medical centers, with a product mix spanning disposable ablation tools, implantable clip systems, and cryoablation platforms.

AtriCure was founded in 2005 and is headquartered in Mason, Ohio.

  • Isolator Synergy Clamps for radiofrequency cardiac ablation
  • EPi-Sense Guided Coagulation System for persistent atrial fibrillation
  • AtriClip System for left atrial appendage closure
  • cryoICE Cryoablation System for linear cardiac ablations
  • LARIAT System for soft-tissue suture-based closure

Is ATRC a Good Stock to Buy?

UQS Score rates ATRC as Below Average overall, reflecting meaningful challenges across several fundamental dimensions.

The Risk pillar stands out as AtriCure's clearest positive — the company carries a profile that suggests manageable near-term financial stress relative to peers. Growth is also rated Good, indicating the business is expanding at a pace that compares favorably within the healthcare device space.

Both the Quality and Moat pillars are rated Weak, pointing to below-average returns on capital and limited durable competitive advantages relative to sector peers. Valuation is Neutral, offering neither a clear discount nor a premium concern.

See the full pillar breakdown and underlying financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does ATRC pay dividends?

No — AtriCure, Inc. does not currently pay a dividend.

AtriCure does not currently pay a dividend. For a growth-stage medical device company, this is typical — available capital tends to be directed toward product development, clinical trials, and geographic expansion rather than shareholder distributions. Investors seeking income should look elsewhere; those focused on reinvestment-led growth may find this policy consistent with the company's stage.

When does ATRC report earnings?

AtriCure reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.

The company's Good Growth pillar rating suggests revenue has been expanding at a rate that compares favorably within the medical device sector. However, the Weak Quality pillar indicates that translating top-line gains into strong profitability metrics remains a work in progress.

For the most recent quarter's results and guidance, visit AtriCure's investor relations page directly.

ATRC Price History

-63.4% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in AtriCure, Inc.?

$
Today it would be worth
$4,025
That's a -59.8% total return, or -16.6% annualized.

Based on AtriCure, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

ATRC Long-term Outlook

AtriCure's fundamental outlook is shaped by a tension between encouraging revenue growth and weaker profitability characteristics. The Good Growth rating points to continued procedure volume expansion as atrial fibrillation treatment adoption grows globally. However, the Weak Quality and Moat ratings suggest the path to durable, high-return profitability is not yet clearly established. The Strong Risk rating provides some reassurance that near-term financial stability is not a primary concern.

Growth drivers

  • Rising global prevalence of atrial fibrillation driving surgical ablation demand
  • International market expansion across Europe and Asia
  • Broader adoption of left atrial appendage closure procedures

Key risks

  • Weak moat leaves AtriCure exposed to competition from larger device makers
  • Sustained investment requirements may pressure profitability timelines
  • Reimbursement and regulatory changes could affect procedure volumes

ATRC vs Peers

AtriCure operates in a specialized corner of the medical device market alongside several companies pursuing energy-based and minimally invasive treatment technologies.

NVCRATRC scores higher
NovoCure Limited

NovoCure focuses on tumor-treating fields technology for oncology, giving it a fundamentally different clinical application and revenue model than AtriCure's cardiac-focused device portfolio.

PLSEATRC scores higher
Pulse Biosciences, Inc.

Pulse Biosciences develops pulsed electric field technology with applications spanning dermatology and cardiac tissue, placing it in partial overlap with AtriCure's ablation focus but at an earlier commercial stage.

KMTSATRC scores higher
Kestra Medical Technologies, Ltd.

Kestra Medical targets wearable cardiac defibrillation, addressing a different patient population than AtriCure's surgical ablation and appendage closure procedures.

Frequently Asked Questions

What does AtriCure do?

AtriCure develops and sells surgical devices used to treat atrial fibrillation and manage post-operative pain. Its product line includes radiofrequency ablation clamps, cryoablation systems, and left atrial appendage closure devices sold to hospitals and surgical centers in the US and internationally.

Does ATRC pay dividends?

No, AtriCure does not pay a dividend. The company reinvests available capital into product development, clinical evidence generation, and geographic expansion — a common approach for growth-stage medical device companies that have not yet reached sustained profitability.

When does ATRC report earnings?

AtriCure follows a standard quarterly earnings cadence for US-listed companies. For precise dates, check AtriCure's investor relations page, where the company posts its earnings calendar and press releases.

Is ATRC a good stock to buy?

UQS Score rates ATRC as Below Average overall. While the Growth and Risk pillars show relative strengths, the Weak Quality and Moat ratings highlight meaningful concerns. Whether ATRC fits your portfolio depends on your risk tolerance and investment thesis — the full pillar breakdown is available to Pro members.

Is ATRC overvalued?

The UQS Valuation pillar for ATRC is rated Neutral, suggesting the current price is neither clearly discounted nor obviously stretched relative to the company's fundamentals. Investors should weigh this alongside the Weak Quality and Moat ratings when forming a view.

How does ATRC compare to its competitors?

AtriCure competes in a niche segment of the medical device market. Compared to peers like NovoCure, Pulse Biosciences, and Kestra Medical, AtriCure is more narrowly focused on cardiac surgical ablation and appendage closure. See the UQS competitor comparison for a side-by-side quality score view.

What is ATRC's market cap bracket?

AtriCure is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but often carries higher volatility and less analyst coverage than large- or mega-cap peers.

Who founded AtriCure?

AtriCure was founded in 2005. Founding details, including the names of its founders, are publicly available through the company's official history and SEC filings for those researching its origins.

Is ATRC a long-term quality investment?

As a long-term quality indicator, ATRC's Below Average UQS Score reflects current weaknesses in Quality and Moat that may limit compounding potential over time. The Good Growth rating offers some optimism, but durable long-term quality typically requires stronger profitability and competitive positioning than ATRC currently demonstrates.

What is the main competitive advantage of AtriCure?

AtriCure's primary advantage lies in its specialized focus on surgical cardiac ablation and left atrial appendage management — a niche with limited direct competition. However, the UQS Moat pillar is rated Weak, suggesting this advantage has not yet translated into the kind of durable pricing power or switching costs seen in higher-rated peers.

What sector does ATRC belong to?

AtriCure operates in the Healthcare sector, specifically within the medical devices and equipment segment. It targets cardiac surgery suites and electrophysiology labs, making it sensitive to hospital capital spending trends and clinical reimbursement policies.

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Pro Analysis

ATRC — Score History

3540455055Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 30/33 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 23, 202648.424.531.077.782.444.40.0
May 22, 202648.424.531.077.782.444.10.0
May 21, 202648.424.531.077.782.443.90.0
May 20, 202648.424.531.077.782.444.10.0
May 19, 202648.424.531.077.782.444.3-0.1
May 17, 202648.524.531.077.782.444.6-0.1
May 16, 202648.625.031.077.782.444.60.0
May 15, 202648.625.031.077.782.444.5-0.1
May 14, 202648.725.031.077.782.445.50.0
May 13, 202648.725.131.077.782.445.5-0.1

ATRC — Pillar Breakdown

Quality

24.5/100 (25%)

AtriCure, Inc. currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsStrong

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationModerate

Free cash flow relative to market value.

Growth

77.7/100 (20%)

AtriCure, Inc. is growing rapidly with strong revenue and earnings expansion.

Recent Revenue TrendModerate

Revenue trajectory over the last twelve months.

3Y Revenue CAGRModerate

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

82.4/100 (15%)

AtriCure, Inc. carries minimal financial risk with conservative leverage and strong solvency.

Financial LeverageStrong

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

44.4/100 (15%)

AtriCure, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.

Earnings YieldWeak

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowModerate

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorWeak

Enterprise value multiple relative to sector median.

Moat

31/100 (25%)

AtriCure, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ATRC.

Score Composition

Quality
24.5×25%6.1
Growth
77.7×20%15.5
Risk
82.4×15%12.4
Valuation
44.4×15%6.7
Moat
31.0×25%7.8
Total
48.4Below Average

Financial Data

More Stock Analysis

How is the ATRC UQS Score Calculated?

The UQS (Unified Quality Score) for AtriCure, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses AtriCure, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether AtriCure, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.