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+32.0%
5Y+57.0%
10Y+151.0%
3Y+72.0%
5Y-1405.0%
10Y+539.0%
3Y+160.0%
5Y+80.0%
10Y+455.0%
Merit Medical Systems, Inc.

Merit Medical Systems, Inc. Profit Bridge

MMSI ยท NASDAQ
Revenue1.51B
Cost of Goods Sold (777.79M)
Gross Profit736.94M
Operating Expenses (552.57M)
Operating Income184.38M
Interest Expense (26.46M)
Other Income/Expense-13.44M
Pretax Income170.94M
Income Tax (42.45M)
Net Income128.49M
Net Income
128.49M

Profitability Analysis

Gross Margin

48.7%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

12.2%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

8.5%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

24.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Merit Medical Systems, Inc. Income Statement

MMSI โ€ข NASDAQ

Merit Medical Systems, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
1.5B
1.4B
1.3B
1.2B
1.1B
963.9M
994.9M
882.8M
727.9M
603.8M
542.1M
509.7M
449M
394.3M
359.4M
296.8M
257.5M
227.1M
207.8M
190.7M
GROSS PROFIT
(777.8M)
(713.2M)
(673.5M)
(631.9M)
(589.4M)
(562.7M)
(562.5M)
(488M)
(401.6M)
(338.8M)
(306.4M)
(284.5M)
(254.7M)
(212.3M)
(194M)
(168.3M)
(148.7M)
(133.9M)
(128M)
(117.6M)
736.9M
643.3M
583.9M
519.1M
485.3M
401.2M
432.4M
394.8M
326.3M
265M
235.8M
225.2M
194.4M
182M
165.5M
128.5M
108.8M
93.3M
79.8M
73.1M
OPERATING INCOME
(552.6M)
(487.6M)
(458.7M)
(431.5M)
(424.4M)
(402.7M)
(416.9M)
(335.6M)
(280.5M)
(229.6M)
(197.2M)
(184.5M)
(162.5M)
(149.9M)
(126.4M)
(103M)
(76M)
(62.3M)
(56.8M)
(54.1M)
(455.2M)
(376.7M)
(373.7M)
(342.5M)
(335.7M)
(297.7M)
(327.3M)
(276M)
(229.1M)
(184.4M)
(156.3M)
(147.9M)
(128.6M)
(122.1M)
(104.5M)
(87.6M)
(64.8M)
(53.1M)
(48.1M)
(45.5M)
(97.4M)
(83.8M)
(82.7M)
(75.5M)
(71.2M)
(57.5M)
(65.6M)
(59.5M)
(51.4M)
(45.2M)
(40.8M)
(36.6M)
(33.9M)
(27.8M)
(21.9M)
(15.3M)
(11.2M)
(9.2M)
(8.7M)
(8.6M)
184.4M
155.7M
123.9M
87.6M
60.9M
-1.6M
15.4M
58.6M
33.1M
34.9M
37.5M
40.2M
27.8M
29.6M
33.2M
17.2M
32.8M
31M
23M
19M
PRE-TAX INCOME
(26.5M)
(31.2M)
(15.5M)
(6.3M)
(5.3M)
(10M)
(12.7M)
(10.4M)
(7.7M)
(8.8M)
(6.2M)
(8.8M)
(8M)
(604K)
(789K)
(596K)
(28K)
(17K)
(0.0)
(0.0)
-11.4M
-5M
-13.1M
-5.9M
-4.5M
-9.4M
-12.7M
-9.2M
-7.4M
-8.7M
-6M
-8.6M
-7.8M
-378K
-660K
-562K
150K
764K
0.0
0.0
(0.0)
(27.1M)
(3.5M)
(13.5M)
(17.5M)
(47.5M)
(24M)
(63K)
-872K
-773K
-386K
(18K)
-216K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-13.4M
-5.7M
-11.9M
-4.9M
-7M
-11.7M
-13.2M
-9.1M
2.8M
-9.5M
-6.3M
-8.6M
-8M
-2M
-315K
-416K
247K
861K
429K
174K
170.9M
150M
112.1M
82.6M
53.9M
-13.2M
2.2M
49.5M
35.9M
25.4M
31.2M
31.6M
19.8M
27.6M
32.9M
16.8M
33.1M
31.8M
23.4M
19.2M
NET INCOME
(42.4M)
(29.6M)
(17.7M)
(8.1M)
(5.5M)
-3.4M
-3.3M
(7.5M)
(8.4M)
(5.3M)
(7.4M)
(8.6M)
(3.3M)
(7.9M)
(9.8M)
(4.3M)
(10.6M)
(11.1M)
(7.8M)
(6.9M)
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

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