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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) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Merit Medical Systems, Inc. (MMSI) trades at a EV/EBITDA of 15.5×. Over the past ten years it has ranged from 11.4× (January 2015) to 41.1× (December 2020); the current reading is higher than 19% of that period. That is in line with the Medical Instruments & Supplies industry median of 14.9× and above the Healthcare sector median of 8.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 16.9× (21.58%)
FY2024 21.6× 5.67%
FY2023 20.4× (9.95%)
FY2022 22.7× (2.81%)
FY2021 23.4× (26.73%)
FY2020 31.9× 81.52%
FY2019 17.6× (30.26%)
FY2018 25.2× (7.40%)
FY2017 27.2× 47.08%
FY2016 18.5× 37.13%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 15.0× 16.12%
Jun 2026 12.9× (2.30%)
Mar 2026 13.2× (21.95%)
Dec 2025 16.9× (1.88%)
43 more quarters

Against its own ten years

Low 11.4× High 41.1×
Ten-year median 21.2×
Current reading's percentile 19

EV/EBITDA against peers

Company EV/EBITDA
PLSE Pulse Biosciences, Inc compare n/m
MMED MiniMed Group, Inc. compare n/m
NVST Envista Holdings Corporation compare 10.3×
STVN Stevanato Group S.p.A. compare 11.3×
BLCO Bausch + Lomb Corporation compare 14.6×
MMSI Merit Medical Systems, Inc. 15.5×
ICUI ICU Medical, Inc. compare 16.0×
TFX Teleflex Incorporated compare 35.7×
ATRC AtriCure, Inc. compare 83.7×
Medical Instruments & Supplies industry median 14.9×
Healthcare sector median 8.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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