stockrowMerit 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
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Merit Medical Systems, Inc. (MMSI) Free cash flow
Merit Medical Systems, Inc.'s free cash flow for fiscal 2025 was $212.5M, up 16.3% from $182.8M in fiscal 2024. Over the twelve months to 30 September 2026 it was $225.8M. Over the past ten years it has ranged from −$2.8M (fiscal 2019) to $212.5M (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. Merit Medical Systems, Inc. ranks 16th of 51 Medical Instruments & Supplies companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $212.5M | 16.29% |
| FY2024 | $182.8M | 68.52% |
| FY2023 | $108.5M | 63.94% |
| FY2022 | $66.2M | (43.70%) |
| FY2021 | $117.5M | 1.26% |
| FY2020 | $116.0M | — |
| FY2019 | −$2.8M | — |
| FY2018 | $20.3M | (6.01%) |
| FY2017 | $21.5M | 16.07% |
| FY2016 | $18.6M | 4.35% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | $77.8M | 52.31% |
| Jun 2026 | $51.1M | 113.61% |
| Mar 2026 | $23.9M | (67.22%) |
| Dec 2025 | $73.0M | 40.82% |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ICUI ICU Medical, Inc. compare | $272.2M |
| BLCO Bausch + Lomb Corporation compare | $252.0M |
| NVST Envista Holdings Corporation compare | $244.6M |
| MMSI Merit Medical Systems, Inc. | $225.8M |
| TFX Teleflex Incorporated compare | $53.1M |
| ATRC AtriCure, Inc. compare | $52.9M |
| STVN Stevanato Group S.p.A. compare | −$8.8M |
| PLSE Pulse Biosciences, Inc compare | −$216.1M |
| MMED MiniMed Group, Inc. compare | −$452.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on MMSI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement