LMAT vs. TGS

Last updated Jun 3, 2026

LMAT (LeMaitre Vascular, Inc.) and TGS (Transportadora de Gas del Sur S.A.) are both stocks. LMAT operates in Medical Instruments & Supplies (Healthcare), while TGS operates in Oil & Gas Midstream (Energy). Over the past 10 years, LMAT returned 21.12%/yr vs 19.54%/yr for TGS. At a 0.10 correlation, their price movements are largely independent.

Performance

LMAT vs. TGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LeMaitre Vascular, Inc. (LMAT) and Transportadora de Gas del Sur S.A. (TGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMAT achieves a 13.51% return, which is significantly higher than TGS's 1.06% return. Over the past 10 years, LMAT has outperformed TGS with an annualized return of 21.12%, while TGS has yielded a comparatively lower 19.54% annualized return.

LMAT

• 1D: 0.22%
• 1M: -18.02%
• YTD: 13.51%
• 6M: 10.01%
• 1Y: 15.00%
• 3Y*: 13.28%
• 5Y*: 13.37%
• 10Y*: 21.12%

TGS

• 1D: -0.57%
• 1M: 7.35%
• YTD: 1.06%
• 6M: 1.85%
• 1Y: 12.25%
• 3Y*: 35.04%
• 5Y*: 42.70%
• 10Y*: 19.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LMAT vs. TGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMAT LeMaitre Vascular, Inc.	13.51%	-10.95%	63.63%	24.60%	-7.40%	25.10%	14.09%	53.77%	-25.13%	26.58%
TGS Transportadora de Gas del Sur S.A.	1.06%	6.22%	93.97%	27.88%	165.77%	-14.62%	-27.48%	-45.44%	-28.91%	146.45%

Correlation

The correlation between LMAT and TGS is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Oct 20, 2006	0.10

The correlation between LMAT and TGS shifts across timeframes, from -0.01 (1 year) to 0.13 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LMAT : $2.11B TGS : $4.73B
EPS LMAT : $2.68 TGS : $3.05K
PE Ratio LMAT : 34.24 TGS : 0.01
PEG Ratio LMAT : 1.47 TGS : 0.00
PS Ratio LMAT : 8.34 TGS : 0.00
PB Ratio LMAT : 5.19 TGS : 0.00
Total Revenue (TTM) LMAT : $256.28M TGS : $1.82T
Gross Profit (TTM) LMAT : $185.52M TGS : $985.40B
EBITDA (TTM) LMAT : $90.48M TGS : $1.03T

Return for Risk

LMAT vs. TGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LMAT

LMAT Risk / Return Rank: 53
LMAT Sharpe Ratio Rank: 55
LMAT Sortino Ratio Rank: 54
LMAT Omega Ratio Rank: 52
LMAT Calmar Ratio Rank: 53
LMAT Martin Ratio Rank: 53

TGS

TGS Risk / Return Rank: 49
TGS Sharpe Ratio Rank: 48
TGS Sortino Ratio Rank: 49
TGS Omega Ratio Rank: 48
TGS Calmar Ratio Rank: 49
TGS Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LMAT vs. TGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LeMaitre Vascular, Inc. (LMAT) and Transportadora de Gas del Sur S.A. (TGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LMAT	TGS	Difference
Sharpe ratio Return per unit of total volatility	0.41	0.20	+0.21
Sortino ratio Return per unit of downside risk	1.04	0.81	+0.23
Omega ratio Gain probability vs. loss probability	1.12	1.10	+0.02
Calmar ratio Return relative to maximum drawdown	0.57	0.37	+0.20
Martin ratio Return relative to average drawdown	1.18	0.94	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LMAT vs. TGS - Sharpe Ratio Comparison

The current LMAT Sharpe Ratio is 0.41, which is higher than the TGS Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of LMAT and TGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LMAT	TGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	0.20	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.77	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.36	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.22	+0.11

Drawdowns

LMAT vs. TGS - Drawdown Comparison

The maximum LMAT drawdown since its inception was -75.69%, smaller than the maximum TGS drawdown of -95.49%. Use the drawdown chart below to compare losses from any high point for LMAT and TGS.

Drawdown Indicators

	LMAT	TGS	Difference
Max Drawdown Largest peak-to-trough decline	-75.69%	-95.49%	+19.80%
Max Drawdown (1Y) Largest decline over 1 year	-21.93%	-32.96%	+11.03%
Max Drawdown (3Y) Largest decline over 3 years	-33.32%	-39.49%	+6.17%
Max Drawdown (5Y) Largest decline over 5 years	-37.93%	-39.49%	+1.56%
Max Drawdown (10Y) Largest decline over 10 years	-47.65%	-80.55%	+32.90%
Current Drawdown Current decline from peak	-21.76%	-11.04%	-10.72%
Average Drawdown Average peak-to-trough decline	-18.95%	-47.08%	+28.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.56%	12.95%	-2.39%

Volatility

LMAT vs. TGS - Volatility Comparison

The current volatility for LeMaitre Vascular, Inc. (LMAT) is 10.00%, while Transportadora de Gas del Sur S.A. (TGS) has a volatility of 13.76%. This indicates that LMAT experiences smaller price fluctuations and is considered to be less risky than TGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMAT	TGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.00%	13.76%	-3.76%
Volatility (6M) Calculated over the trailing 6-month period	29.18%	25.97%	+3.21%
Volatility (1Y) Calculated over the trailing 1-year period	36.61%	60.51%	-23.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.40%	55.51%	-19.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.47%	54.35%	-12.88%

Dividends

LMAT vs. TGS - Dividend Comparison

LMAT's dividend yield for the trailing twelve months is around 0.98%, while TGS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMAT LeMaitre Vascular, Inc.	0.98%	1.23%	0.69%	0.99%	1.09%	0.88%	0.94%	0.95%	1.18%	0.69%	0.71%	0.93%
TGS Transportadora de Gas del Sur S.A.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	14.46%	5.04%	0.00%	0.34%	0.00%

Financials

LMAT vs. TGS - Profitability Comparison

The chart below illustrates the profitability comparison between LeMaitre Vascular, Inc. and Transportadora de Gas del Sur S.A. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LMAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, LeMaitre Vascular, Inc. reported a gross profit of 48.40M and revenue of 66.55M. Therefore, the gross margin over that period was 72.7%.

TGS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported a gross profit of 282.03B and revenue of 484.20B. Therefore, the gross margin over that period was 58.3%.

LMAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, LeMaitre Vascular, Inc. reported an operating income of 17.78M and revenue of 66.55M, resulting in an operating margin of 26.7%.

TGS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported an operating income of 249.34B and revenue of 484.20B, resulting in an operating margin of 51.5%.

LMAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, LeMaitre Vascular, Inc. reported a net income of 15.68M and revenue of 66.55M, resulting in a net margin of 23.6%.

TGS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Transportadora de Gas del Sur S.A. reported a net income of 159.98B and revenue of 484.20B, resulting in a net margin of 33.0%.

Frequently Asked Questions

Can I hold both LMAT and TGS in my portfolio?

LMAT and TGS have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMAT or TGS?

TGS has higher volatility (13.76%) compared to LMAT (10.00%). In terms of maximum drawdown, LMAT dropped -75.69% vs TGS's -95.49%.

Which has better risk-adjusted returns?

LMAT currently has the higher Sharpe Ratio (0.41 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.