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Merit Medical Systems, Inc.

MMSI Healthcare Medical Instruments & Supplies

Merit Medical Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 11.8% from fiscal 2024.

Revenue
+8.35%
EPS
+50.5%
Free cash flow
+50.2%
Total debt
+0.61%

Quarter to September 2026, against a year earlier

89.23 1.40 −1.54%
Market cap
$5.4B
P/E
33.2×
Fwd P/E
30.7×
Dividend yield
—
F-score
7/9
Altman Z
4.42
Beneish M
−2.70
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Merit Medical Systems, Inc. (MMSI) Current ratio

Alert me on Current ratio

Merit Medical Systems, Inc.'s current ratio at the end of the quarter to 30 September 2026 was 4.5×, up 0.2× from fiscal 2025 (4.3×). Over the past ten years it has ranged from 2.0× (fiscal 2021) to 5.4× (fiscal 2023); the current reading is higher than 91% of that period. That is above the Medical Instruments & Supplies industry median of 2.5× and above the Healthcare sector median of 3.1×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 4.3× 1.63%
FY2024 4.3× (21.61%)
FY2023 5.4× 127.09%
FY2022 2.4× 17.50%
FY2021 2.0× (12.14%)
FY2020 2.3× (7.17%)
FY2019 2.5× 2.07%
FY2018 2.5× (10.34%)
FY2017 2.7× (0.79%)
FY2016 2.8× 18.75%

Quarterly newest first

Period Current ratio Change
Sep 2026 4.5× 7.72%
Jun 2026 4.2× (17.36%)
Mar 2026 5.1× 17.10%
Dec 2025 4.3× 1.45%
43 more quarters

Against its own ten years

Low 2.0× High 5.4×
Ten-year median 2.5×
Current reading's percentile 91

Current ratio against peers

Company Current ratio
PLSE Pulse Biosciences, Inc compare 14.3×
MMSI Merit Medical Systems, Inc. 4.5×
ATRC AtriCure, Inc. compare 4.3×
TFX Teleflex Incorporated compare 2.6×
NVST Envista Holdings Corporation compare 2.5×
ICUI ICU Medical, Inc. compare 2.4×
MMED MiniMed Group, Inc. compare 1.8×
STVN Stevanato Group S.p.A. compare 1.7×
BLCO Bausch + Lomb Corporation compare 1.6×
Medical Instruments & Supplies industry median 2.5×
Healthcare sector median 3.1×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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