Merit Medical Systems, Inc. MMSI
- Market cap
- $5.2B
- P/E
- 35.7×
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Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15.47 | 24.23 | 41.55 | 19.50 | 25.18 | 52.43 | 50.46 | 62.58 | 70.70 | 78.12 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 26.85 | 45.90 | 66.34 | 63.64 | 58.70 | 73.85 | 76.14 | 85.62 | 108.08 | 111.45 |
High Price
|
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| 4,150 | 4,876 | 5,783 | 6,355 | 5,989 | 6,446 | 6,846 | 6,950 | 7,400 | 7,500 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 604 | 728 | 883 | 995 | 964 | 1,075 | 1,151 | 1,257 | 1,357 | 1,516 |
Revenue
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| 43.89% | 44.82% | 44.72% | 43.46% | 41.62% | 45.16% | 45.10% | 46.44% | 47.43% | 48.70% |
Gross Margin
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| 25 | 36 | 50 | 2 | (13) | 54 | 83 | 112 | 150 | 171 |
EBT
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| 4.20% | 4.93% | 5.61% | 0.22% | (1.37%) | 5.02% | 7.18% | 8.91% | 11.06% | 11.28% |
EBT Margin
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| 20 | 28 | 42 | 5 | (10) | 48 | 75 | 94 | 120 | 128 |
Net Income
|
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| 45 | 54 | 70 | 105 | 107 | 96 | 93 | 103 | 121 | 140 |
Depreciation
|
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| 13.60 | 14.91 | 16.89 | 18.06 | 17.39 | 19.14 | 20.26 | 21.83 | 23.30 | 25.62 |
Revenue/Sh
|
|||
| 0.45 | 0.56 | 0.80 | 0.10 | (0.18) | 0.86 | 1.31 | 1.64 | 2.07 | 2.17 |
Earnings/Sh
|
|||
| 1.21 | 1.29 | 1.66 | 1.41 | 2.98 | 2.62 | 2.01 | 2.52 | 3.79 | 5.03 |
Cash Flow/Sh
|
|||
| (0.79) | (0.84) | (1.27) | (1.46) | (0.89) | (0.53) | (0.85) | (0.64) | (0.65) | (1.43) |
Capex/Sh
|
|||
| 0.42 | 0.44 | 0.39 | (0.05) | 2.09 | 2.09 | 1.16 | 1.88 | 3.14 | 3.59 |
Free CF/Sh
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| 11.22 | 13.86 | 17.85 | 17.25 | 17.29 | 18.52 | 20.15 | 20.87 | 23.69 | 26.78 |
Book Value/Sh
|
|||
| 44 | 49 | 52 | 55 | 55 | 56 | 57 | 58 | 58 | 59 |
Shares
|
|||
| 58.22 | 73.81 | 69.76 | 346.89 | 0.00 | 72.44 | 53.13 | 46.57 | 46.72 | 40.62 |
PE Ratio
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| 1.93 | 2.92 | 3.30 | 1.73 | 3.19 | 3.25 | 3.44 | 3.50 | 4.15 | 3.44 |
PS Ratio
|
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| 2.34 | 3.14 | 3.13 | 1.81 | 3.21 | 3.36 | 3.45 | 3.66 | 4.08 | 3.29 |
PB Ratio
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| 2.43 | 3.26 | 3.68 | 2.13 | 3.50 | 3.42 | 3.56 | 3.69 | 4.41 | 3.63 |
EV/Sales
|
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| 79.12 | 110.06 | 160.22 | (765.05) | 29.06 | 31.26 | 61.88 | 42.77 | 32.76 | 25.90 |
EV/FCF
|
|||
| 54 | 63 | 87 | 78 | 165 | 147 | 114 | 145 | 221 | 297 |
Op' Cash Flow
|
|||
| (35) | (41) | (66) | (81) | (49) | (30) | (48) | (37) | (38) | (85) |
Capex
|
|||
| 19 | 22 | 20 | (3) | 116 | 117 | 66 | 108 | 183 | 213 |
FCF
|
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| 155 | 201 | 254 | 273 | 245 | 246 | 308 | 905 | 707 | 800 |
Working Cap'
|
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| 324 | 278 | 395 | 439 | 351 | 243 | 198 | 823 | 730 | 734 |
Total Debt
|
|||
| 305 | 246 | 328 | 395 | 294 | 175 | 140 | 236 | 353 | 288 |
Net Debt
|
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| 498 | 676 | 933 | 950 | 959 | 1,040 | 1,144 | 1,202 | 1,379 | 1,584 |
Sh' Equity
|
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| 2.34% | 2.68% | 3.08% | 0.32% | (0.58%) | 2.93% | 4.50% | 4.73% | 5.07% | 5.03% |
ROA
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| 2.71% | 2.24% | 2.91% | 0.72% | (0.08%) | 3.13% | 4.26% | 5.39% | 5.62% | 6.17% |
ROIC
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| 4.17% | 4.69% | 5.22% | 0.58% | (1.03%) | 4.85% | 6.82% | 8.05% | 9.33% | 8.67% |
ROE
|
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Merit Medical Systems, Inc. peers in Medical Instruments & Supplies
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| TFX Teleflex Incorporated | $5.1B | 0.0× | Compare |
| STVN Stevanato Group S.p.A. | $5.8B | 37.7× | Compare |
| BLCO Bausch + Lomb Corporation | $6.0B | 0.0× | Compare |
| ICUI ICU Medical, Inc. | $4.2B | 137× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| NVST Envista Holdings Corporation | $3.9B | 40.6× | Compare |
| PLSE Pulse Biosciences, Inc | $3.8B | 0.0× | Compare |
| ATR AptarGroup, Inc. | $7.8B | 22.1× | Compare |
| WRBY Warby Parker Inc. | $3.3B | 382× | Compare |
Merit Medical Systems, Inc. (MMSI) key facts
- Merit Medical Systems, Inc. (MMSI) is a Medical Instruments & Supplies company in the Healthcare sector, listed on Nasdaq.
- Merit Medical Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 11.8% from fiscal 2024.
- Net income was $128.5 million, or $2.17 per share (basic), a net margin of 8.48%.
- As of September 25, 2026, MMSI traded at $87.50, a market capitalization of $5.2 billion.
- At that price the stock trades at 35.7× trailing-twelve-month earnings and 3.3× sales.
- Return on equity was 8.67% and debt-to-equity 0.44.
Merit Medical Systems, Inc. (MMSI) Latest News
21 Sep
Merit Medical Systems has outpaced the S&P 500 by 9.1% over six months, with MMSI at $85.50 (+25.5%) on solid quarterly results. Despite momentum, caution remains about its longer-term upside. Two headwinds are highlighted: limited distribution channels for a $1.58 billion-revenue business hinder scale in a heavily regulated healthcare market, and past growth initiatives yielded mediocre returns (five-year ROIC around 5.6%). The stock trades at about 19.6x forward earnings—fair, but not compelling enough to inspire lasting confidence in outperformance. Consequently, the piece suggests there are more attractive opportunities, rating MMSI as not a top pick and pointing readers toward other stocks, including semiconductor names and momentum plays. Limited scale and mediocre ROIC could cap growth and weigh on sentiment.
24 Aug
Merit Medical Systems stock gained 22.2% over the past month amid improving growth, raising questions about whether the advance can be sustained. Improving growth at Merit Medical Systems supports recent stock gains but questions remain on their continuation.
15 Aug
Merit Medical Systems develops new long-range plan amid accelerating growth and expanding margins. New long-range plan combined with growth and margin gains represents major strategic move likely to alter company trajectory.
Merit Medical advances its next growth plan with emphasis on margins and portfolio review. Focus on growth plans and portfolio review positions the company for potential operational enhancements.
7 Aug
Merit Medical Systems held its Q2 2026 earnings call to discuss financial results and operations. Q2 2026 earnings details and outlook can significantly shift MMSI valuation and investor sentiment.
4 Aug
Merit Medical Systems achieved balanced growth across platforms in Q2 alongside strategic portfolio expansion. Balanced growth and portfolio expansion moderately influence financial performance and competitive positioning without fundamentally altering long-term trajectory.
3 Aug
Merit Medical Systems reported earnings and raised its outlook, refocusing attention on the company's valuation. Earnings results combined with raised outlook signal stronger financial performance and growth prospects likely to shift investor sentiment and company trajectory.
31 Jul
Merit Medical Systems beat Q2 earnings and revenue estimates while raising its 2026 guidance. Q2 earnings beat combined with raised 2026 guidance indicates stronger growth outlook likely to lift stock valuation and investor sentiment.
Merit Medical Systems, Inc. (MMSI) held its Q2 2026 earnings call covering financial results and business outlook. Earnings call delivers financial metrics and guidance that directly shape stock valuation and future expectations.
Merit Medical Systems reported its strongest organic growth in Q2 2026 earnings call, driven by core business performance and operational execution. Strongest organic growth signals major positive shift in financial trajectory and investor outlook.
Merit Medical Systems reported Q2 financial results and provided operational updates during its earnings call. Q2 earnings call delivers financial metrics and guidance that moderately shape near-term investor sentiment for MMSI.
30 Jul
Merit Medical Systems reported bullish Q2 CY2026 results, causing its stock to soar. Bullish quarterly results directly strengthen financial outlook and investor sentiment for Merit Medical Systems.
Merit Medical Systems reported second quarter 2026 results and updated full-year 2026 guidance. Quarterly results with guidance updates directly drive valuation shifts and investor sentiment.
Merit Medical Systems exceeded Q2 earnings and revenue estimates. Quarterly earnings and revenue beats typically lift near-term investor sentiment and share price without altering long-term fundamentals.
Merit Medical Systems reported Q2 earnings, with key metrics compared to analyst estimates. Q2 earnings metrics versus estimates can shift investor assessment of financial results.
9 Jul
Merit Medical Systems (MMSI) stock recommended for immediate addition to portfolios on positive investment factors. Stock recommendation may moderately lift near-term investor sentiment without altering company fundamentals.
14 May
Merit Medical Systems (MMSI) beat Q1 earnings expectations and raised its 2026 revenue guidance, sparking potential positive investor reactions amid strong performance outlook. Q1 earnings beat combined with elevated 2026 revenue guidance indicates robust growth trajectory, significantly impacting stock valuation and investor sentiment.
2 May
Merit Medical Systems (MMSI) Q1 results feature oncology expansion and platform realignment boosting outlook. Oncology expansion and platform realignment represent major strategic shifts enhancing MMSI's growth and competitive positioning.
1 May
Merit Medical Systems (MMSI) reported first-quarter earnings and revenues that beat analyst estimates, while raising its full-year sales guidance. Beating Q1 earnings and revenue estimates with raised sales outlook indicates strong financial momentum and positive investor sentiment.
Merit Medical Systems (MMSI) released Q1 2026 earnings call transcript detailing quarterly financial results, operational updates, and forward guidance. Q1 2026 earnings transcript provides critical financial metrics, strategic insights, and outlook that significantly shape MMSI's trajectory and investor sentiment.
Merit Medical Systems Inc (MMSI) Q1 2026 earnings call highlighted strong revenue growth. Strong revenue growth in Q1 2026 signals significant positive impact on MMSI's financial trajectory and investor sentiment.
30 Apr
Merit Medical Systems, Inc. (MMSI) released Q1 2026 earnings call summary highlighting financial performance, growth metrics, and forward guidance. Q1 2026 earnings call summary reveals financial results and strategic outlook that can significantly sway MMSI's stock price and investor sentiment.
Merit Medical Systems reported Q1 earnings call highlights, including revenue growth, profitability metrics, strategic updates, and full-year guidance. Q1 earnings highlights detail financial results and outlook directly impacting stock performance and investor confidence.
Merit Medical Systems (MMSI) Q1 earnings and revenues beat analyst estimates. Q1 earnings and revenue beats signal strong financial health, likely driving positive stock performance and investor sentiment.
Merit Medical Systems (NASDAQ:MMSI) beat revenue expectations in Q1 CY2026, showcasing strong quarterly performance. Revenue beat in Q1 CY2026 highlights significant financial strength, poised to drive positive stock momentum and market positioning.
Merit Medical Systems, Inc. reported first quarter 2026 financial results and updated full-year guidance. Q1 results and full-year guidance update represent major financial milestones that significantly affect MMSI's trajectory and investor sentiment.
29 Apr
Merit Medical Systems (MMSI) reports earnings tomorrow, with analysts outlining expectations for revenue, EPS, and guidance amid focus on medical device performance and market conditions. Upcoming earnings report carries potential for significant stock volatility and shifts in market perception depending on results against consensus estimates.
20 Apr
Merit Medical Systems, Inc. (MMSI) acquires company to expand oncology portfolio, enhancing product offerings and prompting investor analysis of growth potential, risks, and market performance implications. Acquisition represents major strategic expansion into oncology, poised to significantly enhance MMSI's competitive positioning and long-term growth trajectory.
17 Apr
BTIG adjusted its financial model for Merit Medical Systems, Inc. (MMSI) in anticipation of upcoming Medicare payment changes. Medicare payment changes could moderately influence MMSI's financial performance and market sentiment through revised revenue projections.
15 Apr
Merit Medical Systems, Inc. (MMSI) stock merits retention in portfolios due to robust growth prospects, strong financial performance, and favorable market positioning. Retention recommendation highlights solid fundamentals supporting moderate positive influence on financial performance and investor sentiment.