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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/FCF

Alert me on EV/FCF

As of 5 November 2026, Merit Medical Systems, Inc. (MMSI) trades at a EV/FCF of 24.7×. Over the past ten years it has ranged from −960× (February 2020) to 467× (September 2018); the current reading is higher than 9% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 25.9× (20.93%)
FY2024 32.8× (23.40%)
FY2023 42.8× (30.88%)
FY2022 61.9× 97.94%
FY2021 31.3× 7.59%
FY2020 29.1× —
FY2019 −765× —
FY2018 160× 45.58%
FY2017 110× 39.12%
FY2016 79.1× 37.71%

Quarterly newest first

Period EV/FCF Change
Sep 2026 23.9× 7.77%
Jun 2026 22.2× 10.74%
Mar 2026 20.0× (22.71%)
Dec 2025 25.9× 0.22%
43 more quarters

Against its own ten years

Low −960× High 467×
Ten-year median 43.5×
Current reading's percentile 6

EV/FCF against peers

Company EV/FCF
STVN Stevanato Group S.p.A. compare −453×
PLSE Pulse Biosciences, Inc compare −17.8×
MMED MiniMed Group, Inc. compare −10.9×
NVST Envista Holdings Corporation compare 18.0×
MMSI Merit Medical Systems, Inc. 24.7×
ICUI ICU Medical, Inc. compare 25.5×
BLCO Bausch + Lomb Corporation compare 51.6×
ATRC AtriCure, Inc. compare 125×
TFX Teleflex Incorporated compare 172×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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