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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/Sales

Alert me on EV/Sales

As of 5 November 2026, Merit Medical Systems, Inc. (MMSI) trades at a EV/Sales of 3.5×. Over the past ten years it has ranged from 1.6× (October 2019) to 5.0× (January 2025); the current reading is higher than 51% of that period. That is above the Medical Instruments & Supplies industry median of 2.8× and in line with the Healthcare sector median of 3.5×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 3.6× (17.71%)
FY2024 4.4× 19.64%
FY2023 3.7× 3.73%
FY2022 3.6× 4.06%
FY2021 3.4× (2.30%)
FY2020 3.5× 64.56%
FY2019 2.1× (42.18%)
FY2018 3.7× 12.82%
FY2017 3.3× 33.96%
FY2016 2.4× 29.02%

Quarterly newest first

Period EV/Sales Change
Sep 2026 3.3× 19.36%
Jun 2026 2.8× (0.58%)
Mar 2026 2.8× (22.30%)
Dec 2025 3.6× 1.70%
43 more quarters

Against its own ten years

Low 1.6× High 5.0×
Ten-year median 3.4×
Current reading's percentile 47

EV/Sales against peers

Company EV/Sales
NVST Envista Holdings Corporation compare 1.5×
MMED MiniMed Group, Inc. compare 1.6×
BLCO Bausch + Lomb Corporation compare 2.2×
ICUI ICU Medical, Inc. compare 2.3×
STVN Stevanato Group S.p.A. compare 2.8×
MMSI Merit Medical Systems, Inc. 3.5×
TFX Teleflex Incorporated compare 4.1×
ATRC AtriCure, Inc. compare 4.9×
PLSE Pulse Biosciences, Inc compare 2,578×
Medical Instruments & Supplies industry median 2.8×
Healthcare sector median 3.5×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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