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) Gross margin
Merit Medical Systems, Inc.'s gross margin over the twelve months to 30 September 2026 was 49.4%, up 0.7 percentage points from fiscal 2025 (48.7%). Over the past ten years it has ranged from 41.6% (fiscal 2020) to 48.7% (fiscal 2025) — the current reading is the highest in ten years. That is below the Medical Instruments & Supplies industry median of 53.6% and below the Healthcare sector median of 53.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 48.7% | 1.27 |
| FY2024 | 47.4% | 0.99 |
| FY2023 | 46.4% | 1.34 |
| FY2022 | 45.1% | (0.06) |
| FY2021 | 45.2% | 3.54 |
| FY2020 | 41.6% | (1.84) |
| FY2019 | 43.5% | (1.26) |
| FY2018 | 44.7% | (0.10) |
| FY2017 | 44.8% | 0.93 |
| FY2016 | 43.9% | 0.40 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 48.2% | (3.17) |
| Jun 2026 | 51.4% | 2.98 |
| Mar 2026 | 48.4% | (1.20) |
| Dec 2025 | 49.6% | 1.07 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ATRC AtriCure, Inc. compare | 76.7% |
| BLCO Bausch + Lomb Corporation compare | 62.6% |
| NVST Envista Holdings Corporation compare | 55.9% |
| TFX Teleflex Incorporated compare | 54.9% |
| MMED MiniMed Group, Inc. compare | 53.6% |
| MMSI Merit Medical Systems, Inc. | 49.4% |
| ICUI ICU Medical, Inc. compare | 40.3% |
| STVN Stevanato Group S.p.A. compare | 29.1% |
| PLSE Pulse Biosciences, Inc compare | 26.8% |
| Medical Instruments & Supplies industry median | 53.6% |
| Healthcare sector median | 53.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on MMSI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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