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

Merit Medical Systems, Inc. (MMSI) Net margin

Alert me on Net margin

Merit Medical Systems, Inc.'s net margin over the twelve months to 30 September 2026 was 9.94%, up 1.5 percentage points from fiscal 2025 (8.48%). Over the past ten years it has ranged from −1.02% (fiscal 2020) to 8.87% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Medical Instruments & Supplies industry median of 0.00% and above the Healthcare sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 8.48% (0.39)
FY2024 8.87% 1.36
FY2023 7.51% 1.04
FY2022 6.47% 1.96
FY2021 4.51% 5.53
FY2020 −1.02% (1.57)
FY2019 0.55% (4.21)
FY2018 4.76% 0.98
FY2017 3.78% 0.45
FY2016 3.33% (1.06)

Quarterly newest first

Period Net margin Change (points)
Sep 2026 10.2% 0.90
Jun 2026 9.26% (1.48)
Mar 2026 10.7% 1.09
Dec 2025 9.65% 2.43
43 more quarters

Against its own ten years

Low −1.02% High 8.87%
Ten-year median 4.51%
Current reading's percentile 100

Net margin against peers

Company Net margin
NVST Envista Holdings Corporation compare 22.0%
STVN Stevanato Group S.p.A. compare 11.2%
MMSI Merit Medical Systems, Inc. 9.94%
ICUI ICU Medical, Inc. compare 2.76%
ATRC AtriCure, Inc. compare 2.52%
BLCO Bausch + Lomb Corporation compare −2.05%
MMED MiniMed Group, Inc. compare −4.86%
TFX Teleflex Incorporated compare −45.8%
PLSE Pulse Biosciences, Inc compare −5,609.4%
Medical Instruments & Supplies industry median 0.00%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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