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) Operating margin
Merit Medical Systems, Inc.'s operating margin over the twelve months to 30 September 2026 was 13.5%, up 1.3 percentage points from fiscal 2025 (12.2%). Over the past ten years it has ranged from −0.16% (fiscal 2020) to 12.2% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Instruments & Supplies industry median of 1.97% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 12.2% | 0.71 |
| FY2024 | 11.5% | 1.62 |
| FY2023 | 9.86% | 2.25 |
| FY2022 | 7.61% | 1.94 |
| FY2021 | 5.67% | 5.83 |
| FY2020 | −0.16% | (1.71) |
| FY2019 | 1.55% | (5.09) |
| FY2018 | 6.64% | 2.10 |
| FY2017 | 4.54% | (1.24) |
| FY2016 | 5.78% | (1.14) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 14.1% | (0.30) |
| Jun 2026 | 14.4% | 2.86 |
| Mar 2026 | 11.6% | (2.20) |
| Dec 2025 | 13.8% | 2.67 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| NVST Envista Holdings Corporation compare | 25.4% |
| STVN Stevanato Group S.p.A. compare | 16.6% |
| MMSI Merit Medical Systems, Inc. | 13.5% |
| BLCO Bausch + Lomb Corporation compare | 7.07% |
| ICUI ICU Medical, Inc. compare | 5.07% |
| ATRC AtriCure, Inc. compare | 2.89% |
| TFX Teleflex Incorporated compare | 1.97% |
| MMED MiniMed Group, Inc. compare | −2.89% |
| PLSE Pulse Biosciences, Inc compare | −5,821.1% |
| Medical Instruments & Supplies industry median | 1.97% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on MMSI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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