Pricing Log in Create free account
Friday 6 November 2026 Export MMSI’s income statement to Excel — free account

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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Merit Medical Systems, Inc. (MMSI) trades at a P/B ratio of 3.1×. Over the past ten years it has ranged from 1.2× (October 2019) to 4.7× (January 2025); the current reading is higher than 43% of that period. That is above the Medical Instruments & Supplies industry median of 2.3× and above the Healthcare sector median of 2.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 3.3× (19.38%)
FY2024 4.1× 11.54%
FY2023 3.7× 5.93%
FY2022 3.5× 2.70%
FY2021 3.4× 4.79%
FY2020 3.2× 77.35%
FY2019 1.8× (42.12%)
FY2018 3.1× (0.49%)
FY2017 3.1× 34.56%
FY2016 2.3× 32.97%

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.0× 20.00%
Jun 2026 2.5× (2.30%)
Mar 2026 2.5× (23.38%)
Dec 2025 3.3× 2.08%
43 more quarters

Against its own ten years

Low 1.2× High 4.7×
Ten-year median 3.2×
Current reading's percentile 37

P/B ratio against peers

Company P/B ratio
BLCO Bausch + Lomb Corporation compare 1.1×
NVST Envista Holdings Corporation compare 1.3×
MMED MiniMed Group, Inc. compare 1.4×
ICUI ICU Medical, Inc. compare 1.9×
STVN Stevanato Group S.p.A. compare 2.0×
TFX Teleflex Incorporated compare 2.3×
MMSI Merit Medical Systems, Inc. 3.1×
ATRC AtriCure, Inc. compare 5.6×
PLSE Pulse Biosciences, Inc compare 20.8×
Medical Instruments & Supplies industry median 2.3×
Healthcare sector median 2.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on MMSI