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Merit Medical Systems, Inc. MMSI R2K

Healthcare · Medical Instruments & Supplies · United States
https://www.merit.com
Company Profile ↓
$71.02
-24.00% 1Y
Mkt Cap$4.24B
P/E30.61
P/B2.44
52W High$93.60
52W Low$60.31
Book Value$27.27
EPS (TTM)$2.32

Company Overview

Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures in the United States, China, Japan, Germany, France, the United Kingdom, and internationally. It operates through two segments, Cardiovascular and Endoscopy. The company offers micropuncture kits, angiographic needles, sheaths, guide wires, and safety products; peripheral intervention products comprising angiography, drainage, delivery systems, and embolotherapy products; oncology products, such as soft tissue biopsy products and accessories; cardiac intervention products consisting of cardiac access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention products; and spine products, including vertebral augmentation, radiofrequency ablation, and bone biopsy systems. It also provides custom procedural solutions, including critical care products, syringes, manifold kits, and trays and packs; coating services for medical tubes and wires; and sensor components for microelectromechanical systems. In addition, the company offers gastroenterology products, such as esophageal stents, cryoballoon and inflation devices, gauges, and balloon dilators; pulmonary products consisting of laser-cut tracheobronchial stents, and over-the-wire and direct visualization delivery systems; and kits and accessories for endoscopy and bronchoscopy procedures. It sells its products to hospitals, alternate site-based physicians, technicians, and nurses through direct sales force, independent distributors, original equipment manufacturer partners, and custom procedure tray manufacturers. The company exports its products to Canada, Western Europe, Australia, Brazil, Malaysia, South Korea, the United Arab Emirates, India, New Zealand, and South Africa. Merit Medical Systems, Inc. was incorporated in 1987 and is headquartered in South Jordan, Utah.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 11.5% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 11.7% CAGR over the past five years.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $1.52B (+11.8% YoY); net profit $128.49M.
  • Trailing 12 Months Year-on-year growth — revenue +7.5%, earnings +38.8%.
  • 5-Year Trend Long-term compounding — revenue CAGR 11.7%, profit CAGR 11.5%.

Growth & Price Performance

Compounded Sales Growth

5 Years:11.72%
1 Year:7.50%

Compounded Profit Growth

5 Years:11.50%
1 Year:38.80%

Stock Price Performance

1 Year:-24.00%
6 Months:-17.78%
3 Months:+0.64%
1 Month:+6.17%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Mixed
52-Week Range 32% of range
$60.31 $93.60
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMABelow
  • RSI (14)56.20 · Neutral
Price Performance
1M+6.17%
3M+0.64%
6M-17.78%
1Y-24.00%
Valuation vs Sector

P/E of 30.61 is above the sector median of 25.41 — pricier than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Compounding revenue at 11.7% over 5 years.
  • Profit CAGR of 11.5% over 5 years.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
30.61
Industry PE
25.41
Forward P/E
16.15
PEG Ratio
1.41
Book Value
$27.27
Price to Book
2.44
P/S
2.57
EV/EBITDA
13.44
Dividend Yield
0.00%

Growth (CAGR)

Revenue 5Y
11.72%
Profit 5Y
11.50%
Revenue (YoY)
7.50%
Earnings (YoY)
38.80%

Profitability & Returns

ROCE
7.55%
ROE
9.12%
ROA
4.72%
Profit Margin
9.03%
Op Margin
11.52%
Gross Margin
48.69%
EPS (Latest Qtr)
$0.68
EPS (TTM)
$2.32

Balance Sheet & Liquidity

Debt/Equity
0.51
Quick Ratio
3.30
Current Ratio
5.08
Debt
$821.56M
Total Assets
$2.72B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
2.48%
Chg in Prom Hold
-
FII / Inst Holding
104.51%
Chg in FII Hold
-0.05%

Financial Snapshot

Enterprise Value
$4.24B
Total Revenue (TTM)
$1.54B
EBITDA
$320.20M
Free Cash Flow
$178.19M
Operating Cash Flow
$297.48M
Shares Outstanding
59.65M
Gross Margin
48.69%
Payout Ratio
0.00%

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MMSI Merit Medical Systems, Inc. R2K 71.02 30.61 $4.24B 0.00% 7.55% 9.12% 11.72% 11.50%
2 LLY Eli Lilly and Company SPX 1,152.54 41.02 $1.03T 0.61% - 107.46% 7.20% 11.41%
3 JNJ Johnson & Johnson SPX 253.85 29.45 $611.07B 2.23% 14.88% 26.42% 2.43% 4.76%
4 ABBV AbbVie Inc. SPX 244.78 119.40 $432.48B 3.04% 10.47% -129.24% 1.75% -29.06%
5 UNH UnitedHealth Group Incorporated SPX 425.19 32.02 $386.13B 2.27% 9.74% 12.18% 10.40% 5.43%
6 MRK Merck & Co., Inc. SPX 120.78 34.02 $298.31B 2.86% - 18.94% 5.64% 10.01%
7 AZN AstraZeneca PLC NDX 164.50 24.81 $255.12B 1.77% 15.97% 23.48% 9.82% 45.96%
8 TMO Thermo Fisher Scientific Inc. SPX 534.07 29.33 $198.47B 0.40% 8.14% 13.52% 8.81% 12.95%
9 AMGN Amgen Inc. NDXSPX 355.25 24.69 $191.73B 2.84% 18.02% 101.32% 11.77% 5.58%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Mar 2026
Revenue --------171.07M186.55M179.34M190.90M203.03M224.81M221.66M233.25M238.35M255.53M243.05M257.92M243.53M218.37M243.97M258.00M248.91M280.32M267.02M275.42M294.98M287.18M297.56M320.06M315.23M323.51M338.00M339.85M355.35M382.46M384.16M381.88M
Gross Profit 55.38M60.89M59.20M60.31M60.10M66.85M67.81M70.26M75.94M84.14M80.51M85.66M88.06M100.01M102.04M104.67M104.64M111.96M104.14M111.63M103.78M84.22M102.01M111.16M111.89M124.14M120.49M120.91M135.07M128.57M138.36M152.78M142.20M151.72M161.10M157.53M172.02M184.49M186.41M184.80M
Operating Income 8.70M12.24M8.55M-7.71M11.58M2.99M12.60M5.61M13.36M879.00K13.22M8.78M15.11M21.06M13.66M9.52M12.20M-2.88M-3.41M1.36M-19.00M64.00K16.01M14.19M8.89M15.93M15.23M23.26M18.66M26.38M28.81M35.14M35.92M45.95M37.26M41.03M46.88M42.61M44.16M
Net Income 5.17M7.40M4.82M6.41M4.35M7.29M973.00K7.51M14.80M9.48M-3.57M6.81M5.27M10.94M16.62M9.19M6.20M6.86M-3.40M-4.21M-3.15M-19.06M-3.01M15.38M10.96M4.92M11.97M10.54M15.30M15.27M20.70M20.25M25.83M28.24M35.73M28.44M30.15M32.58M27.75M40.99M
Diluted EPS 0.120.170.110.140.100.160.020.170.320.19-0.070.130.100.210.300.160.110.12-0.06-0.08-0.06-0.34-0.050.270.190.090.210.180.270.270.360.350.440.480.610.480.490.540.460.68
R&D Expense 9.67M9.20M10.52M-10.59M11.43M11.42M-12.53M13.31M12.84M-14.32M15.32M14.53M-16.04M16.33M----------------------

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 257.46M296.75M359.45M394.29M449.05M509.69M542.15M603.84M727.85M882.75M994.85M963.88M1.07B1.15B1.26B1.36B1.52B
Gross Profit 108.80M128.50M165.47M181.99M194.37M225.22M235.78M265.02M326.25M394.77M432.37M401.18M485.33M519.10M583.87M643.33M738.27M
Operating Income 32.85M17.20M33.19M29.64M27.84M40.17M37.54M34.88M33.07M58.62M15.43M-1.56M60.92M87.56M123.94M155.69M184.72M
Net Income 22.53M12.46M23.04M19.71M16.57M22.97M23.80M20.12M27.52M42.02M5.45M-9.84M48.45M74.52M94.41M120.36M128.49M
Diluted EPS 0.630.350.580.460.390.530.530.450.550.780.10-0.180.841.291.622.032.13
R&D Expense 11.17M15.34M21.94M27.80M33.89M36.63M40.81M45.23M51.40M59.53M-------

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -271.51M369.48M447.02M705.31M728.28M747.16M778.73M942.80M1.11B1.62B1.76B1.66B1.65B1.66B2.33B2.42B2.69B
Total Equity 194.31M218.81M235.62M357.09M381.58M405.71M435.26M466.10M498.19M676.33M932.77M949.94M958.58M1.04B1.14B1.20B1.38B1.58B
Cash & Equivalents 34.03M6.13M3.73M10.13M9.72M7.46M7.36M4.18M19.17M32.34M67.36M44.32M56.92M67.75M58.41M587.04M376.71M446.40M
Long Term Debt --81.54M30.74M227.57M238.85M214.49M197.59M314.37M259.01M373.15M431.98M343.72M234.40M186.76M823.01M729.55M734.04M
Total Liabilities --133.87M89.93M323.73M322.58M311.91M312.62M444.61M435.48M687.24M807.38M705.82M608.50M519.57M1.12B1.04B1.10B
Current Liabilities --40.18M43.80M73.00M65.59M75.43M87.91M88.33M115.62M175.34M181.66M185.00M236.28M220.65M203.56M216.40M239.76M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 30.07M34.76M34.02M46.94M51.37M53.33M69.46M53.60M62.73M86.53M77.81M165.27M147.23M114.29M145.15M220.80M297.37M
Investing Cash Flow -65.79M-112.83M-74.02M-255.57M-68.61M-36.20M-62.02M-159.11M-146.76M-378.82M-134.48M-58.65M-37.16M-57.40M-175.35M-368.65M-247.39M
Financing Cash Flow 7.82M76.12M46.70M208.29M14.77M-16.97M-10.23M121.09M96.52M328.28M33.53M-95.71M-98.44M-60.26M559.27M-60.01M16.00M
Capital Expenditure -18.48M-23.65M-59.20M-64.64M-59.51M-34.18M-50.96M-32.84M-38.62M-63.32M-78.17M-45.99M-27.94M-45.03M-34.29M-35.14M-81.72M
Free Cash Flow 11.59M11.11M-25.18M-17.70M-8.13M19.14M18.50M20.76M24.10M23.21M-360.00K119.28M119.29M69.26M110.86M185.66M215.66M
Share Buybacks 2.47M00--------------

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 42.3%43.3%46.0%46.2%43.3%44.2%43.5%43.9%44.8%44.7%43.5%41.6%45.2%45.1%46.4%47.4%48.7%
Operating Margin % 12.8%5.8%9.2%7.5%6.2%7.9%6.9%5.8%4.5%6.6%1.6%-0.2%5.7%7.6%9.9%11.5%12.2%
Net Margin % 8.8%4.2%6.4%5.0%3.7%4.5%4.4%3.3%3.8%4.8%0.5%-1.0%4.5%6.5%7.5%8.9%8.5%
ROE % 10.3%5.3%6.5%5.2%4.1%5.3%5.1%4.0%4.1%4.5%0.6%-1.0%4.7%6.5%7.9%8.7%8.1%
ROCE % -5.2%8.2%4.7%4.2%6.0%5.4%4.1%3.3%4.1%1.0%-0.1%4.3%6.1%5.8%7.1%7.6%

Shareholding Pattern

Insiders
2.48%
Institutions
104.51%
Public Float
107.17%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 14.81% 8.83M $629.75M
2 Vanguard Portfolio Management LLC 5.91% 3.52M $251.14M
3 Vanguard Capital Management LLC 4.45% 2.66M $189.34M
4 State Street Corporation 3.96% 2.36M $168.30M
5 Conestoga Capital Advisors, LLC 3.63% 2.17M $154.51M
6 Fuller & Thaler Asset Management Inc. 3.55% 2.12M $150.81M
7 Geode Capital Management, LLC 2.53% 1.51M $107.52M
8 Morgan Stanley 2.11% 1.26M $89.89M
9 Dimensional Fund Advisors LP 2.07% 1.24M $88.20M
10 Nomura Asset Management International Inc 2.01% 1.20M $85.42M

Analyst View

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Latest News

Recent headlines for MMSI

Google News Wed, 15 Jul 2026

Is Merit Medical Systems Inc (MMSI) a Bargain After 3.1% Drop? GF Value Says Undervalued - GuruFocus

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Google News Mon, 13 Jul 2026

Merit Medical Systems, Inc. (MMSI) Stock Analysis: A 21.93% Upside Potential Beckons Investors - DirectorsTalk Interviews

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Google News hu, 09 Jul 2026

Here's Why You Should Add Merit Medical Stock to Your Portfolio Now - Yahoo Finance

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Google News Wed, 08 Jul 2026

Merit Medical Systems Inc (NASDAQ:MMSI): A Quality Investing Analysis - ChartMill

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Google News hu, 02 Jul 2026

Merit Medical schedules July 30 results and investor call - Stock Titan

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Google News hu, 09 Jul 2026

Merit Medical Systems (MMSI) Could Be 21% Below Fair Value Following Splashwire Recall - simplywall.st

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MMSI — Frequently Asked Questions

What is the current share price of Merit Medical Systems, Inc. (MMSI)?

As of 2026-07-14 21:23 PDT, Merit Medical Systems, Inc. (MMSI) trades at $71.02 on NasdaqGS. Its 52-week range is $60.31 to $93.60.

What is the market capitalisation of MMSI?

Merit Medical Systems, Inc. (MMSI) has a market capitalisation of $4.24B on NasdaqGS.

What is the P/E ratio of MMSI?

MMSI trades at a trailing price-to-earnings (P/E) ratio of 30.61. The industry average P/E is 25.41. Its price-to-book (P/B) ratio is 2.44.

What is the return on equity (ROE) of MMSI?

MMSI has a return on equity (ROE) of 9.12%. Its return on capital employed (ROCE) is 7.55%.

Is MMSI a good stock to buy?

This page provides a data-driven analysis of Merit Medical Systems, Inc. (MMSI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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