Merit Medical Systems, Inc.

Merit Medical Systems, Inc.

MMSIยทNASDAQ

$60.65

+0.76%
HealthcareMedical - Instruments & Supplies

Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures, primarily in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy. It provides peripheral intervention products for the diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention to treat various heart conditions. The company also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, manifold kits, and trays and packs; coated tubes and wires; and sensor components for microelectromechanical systems. In addition, it provides pulmonary products that consist of laser-cut tracheobronchial stents, over-the-wire and direct visualization delivery systems, and dilation balloons to endoscopically dilate strictures; gastroenterology products; and kits and accessories for endoscopy and bronchoscopy procedures. The company sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers in the United States and internationally. Merit Medical Systems, Inc. was incorporated in 1987 and is headquartered in South Jordan, Utah.

At a Glance

Live Snapshot
Market Cap$3.62B
EPS2.1700
P/E Ratio27.95
Earnings Date07/29/2026
3Y+160.0%
5Y+80.0%
10Y+455.0%
3Y+331.0%
5Y+322.0%
10Y+55.0%
3Y-127.0%
5Y-117.0%
10Y-87.0%
MMSI

Merit Medical Systems, Inc. Cash Conversion Engine

MMSI ยท NASDAQ
Net Income128.49M
Depreciation & Amortization134.65M
Stock-Based Compensation43.46M
Change in Working Capital-23.34M
Others8.90M
Capital Expenditures-81.72M
Free Cash Flow215.65M

Cash Flow Quality Analysis

FCF Conversion Rate

167.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

27.5%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+18.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$23.34M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Merit Medical Systems, Inc. Cash Flow Statement

MMSI โ€ข NASDAQ

Merit Medical Systems, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
128.5M
120.4M
94.4M
74.5M
48.5M
-9.8M
5.5M
42M
27.5M
20.1M
23.8M
23M
16.6M
19.7M
23M
12.5M
22.5M
20.7M
15.6M
12.3M
134.6M
114.7M
101.3M
92.2M
95.8M
106.8M
104.4M
69.5M
53.6M
43.8M
37.4M
35.9M
32.5M
22.5M
19.2M
14.9M
12.3M
10.2M
9.3M
8.1M
5.2M
-14.9M
-12.6M
-14.9M
-4.6M
-11.3M
-12.4M
2.1M
-1.3M
-962K
3.5M
3.9M
1.4M
549K
1.7M
-953K
1.8M
-183K
984K
376K
43.5M
28.5M
21.3M
18M
16.1M
14.3M
9.4M
6.1M
4.1M
2.5M
2.2M
1.5M
1.5M
1.9M
1.6M
1.3M
1.2M
0.0
0.0
0.0
8.9M
9.1M
10.8M
15.9M
9.4M
31M
26.8M
2.7M
3.1M
1.2M
-190K
2.6M
8.8M
3.3M
2.7M
7.9M
-1.7M
-391K
875K
1.3M
(0.0)
(45M)
(31.5M)
(17.1M)
(8.8M)
(8.9M)
(12.1M)
(8.7M)
(6M)
(2.3M)
(3.4M)
(3.3M)
(735K)
(5.3M)
(7M)
(6.1M)
(8.2M)
(9.9M)
(0.0)
(0.0)
-23.3M
-36.9M
-70M
-71.4M
-17.8M
34.2M
-55.7M
-35.9M
-24.2M
-13M
2.7M
-13.5M
-9.4M
-1.1M
-14.3M
-771K
-6M
-3M
5M
-3.2M
297.4M
220.8M
145.2M
114.3M
147.2M
165.3M
77.8M
86.5M
62.7M
53.6M
69.5M
53.3M
51.4M
46.9M
34M
34.8M
30.1M
28M
32.1M
19.1M
INVESTING ACTIVITIES
(0.0)
(0.0)
-36.7M
-45M
-27.9M
-49.3M
-81.5M
-66.3M
-41.2M
-35.1M
-52.9M
-35.9M
-61.1M
-66.1M
-61.3M
-24.7M
-19.7M
-14.9M
-16.7M
-15M
-144.8M
-320.2M
-137.8M
-8.3M
-7.2M
-9.7M
-53.9M
-301.8M
-105.6M
-125.2M
-12.4M
-5.9M
-31.6M
-192.8M
-10.3M
-97.8M
-46.2M
-5.1M
-4.7M
-3.9M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(35.1M)
(0.0)
(0.0)
(0.0)
(66.1M)
-2.5M
(1.1M)
(0.0)
(0.0)
(0.0)
(0.0)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1.1M
0.0
0.0
0.0
3.2M
2.1M
9.7M
0.0
0.0
0.0
0.0
-102.6M
-48.5M
-799K
-4.1M
-2.1M
292K
920K
-10.7M
21K
-35M
3.3M
5.6M
24.1M
-66.1M
-2.1M
-1.1M
27K
45K
-297K
-266K
-247.4M
-368.7M
-175.3M
-57.4M
-37.2M
-58.7M
-134.5M
-378.8M
-146.8M
-159.1M
-62M
-36.2M
-68.6M
-255.6M
-74M
-112.8M
-65.8M
-20M
-21.8M
-19.2M
FINANCING ACTIVITIES
28.2M
40.9M
15.6M
20.1M
21.3M
6.6M
6.3M
215M
143.8M
5.3M
6.7M
8.1M
3.7M
3.8M
95.5M
1.7M
-168K
6.2M
-3.5M
3.5M
0.0
-99.1M
619.6M
-44.9M
-108.5M
-88.4M
44.5M
116.5M
-46.4M
117.4M
-16.9M
-25.4M
11.3M
206.8M
-50.8M
74M
7M
0.0
0.0
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-2.7M
(0.0)
-5.4M
(0.0)
-12.2M
-1.9M
-75.9M
-35.4M
-11.2M
-14M
-17.2M
-3.2M
-877K
-1.6M
-6K
260K
-248K
-2.3M
2M
399K
987K
2M
694K
1.7M
16M
-60M
559.3M
-60.3M
-98.4M
-95.7M
33.5M
328.3M
96.5M
121.1M
-10.2M
-17M
14.8M
208.3M
46.7M
76.1M
7.8M
8.3M
-2.9M
5.2M
CASH FLOW SUMMARY
3.8M
-2.5M
-484K
-3.8M
-801K
1.7M
96K
-970K
682K
-593K
-382K
-258K
208K
-61K
-297K
-455K
6K
214K
231K
76K
69.8M
-210.4M
528.6M
-7.2M
10.8M
12.6M
-23M
35M
13.2M
15M
-3.2M
-104K
-2.3M
-409K
6.4M
-2.4M
-27.9M
16.5M
7.7M
5.2M
378.8M
589.1M
60.6M
67.8M
56.9M
44.3M
67.4M
32.3M
19.2M
4.2M
7.4M
7.5M
9.7M
10.1M
3.7M
6.1M
34M
17.6M
9.8M
4.6M
448.5M
378.8M
589.1M
60.6M
67.8M
56.9M
44.3M
67.4M
32.3M
19.2M
4.2M
7.4M
7.5M
9.7M
10.1M
3.7M
6.1M
34M
17.6M
9.8M
215.7M
182.8M
108.5M
69.3M
119.3M
116M
-3.7M
20.2M
21.5M
18.5M
16.5M
17.4M
-9.7M
-19.2M
-27.3M
10M
10.4M
13.1M
15.4M
4.1M

SEC Filings

MMSI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 19, 2026
May 13, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 30, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
8-K

8-K 2026

N/A

April 13, 2026
April 13, 2026
2026
8-K

8-K 2026

N/A

April 01, 2026
April 01, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 31, 2026
May 13, 2026
2026
8-K

8-K 2026

N/A

February 24, 2026
February 24, 2026
2026
10-K

10-K 2025 FY

FY

February 24, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 08, 2026
January 04, 2026
2026
8-K

8-K 2025

N/A

November 13, 2025
November 13, 2025
2025
Showing 1 to 10 of 408 filings