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%

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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

Merit Medical Systems, Inc. (MMSI) Price to free cash flow

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As of 5 November 2026, Merit Medical Systems, Inc. (MMSI) trades at a price to free cash flow of 23.6×. Over the past ten years it has ranged from 0.0× (March 2020) to 418× (September 2018); the current reading is higher than 9% of that period. That is in line with the Medical Instruments & Supplies industry median of 23.5× and above the Healthcare sector median of 21.1×.

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<iframe src="https://stockrow.com/embed/MMSI/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Merit Medical Systems, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MMSI/metrics/price-to-free-cash-flow">Merit Medical Systems, Inc. (MMSI) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	24.5×	(20.37%)
FY2024	30.8×	(24.04%)
FY2023	40.6×	(32.13%)
FY2022	59.8×	100.76%
FY2021	29.8×	12.26%
FY2020	26.5×	—
FY2019	0.0×	—
FY2018	144×	46.03%
FY2017	98.6×	57.38%
FY2016	62.7×	36.20%

Period	Price to free cash flow	Change
Sep 2026	22.8×	10.27%
Jun 2026	20.7×	9.78%
Mar 2026	18.9×	(23.09%)
Dec 2025	24.5×	1.54%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 418×

Ten-year median 39.8×

Current reading's percentile 9

Company	Price to free cash flow
STVN Stevanato Group S.p.A. compare	n/m
PLSE Pulse Biosciences, Inc compare	n/m
MMED MiniMed Group, Inc. compare	n/m
NVST Envista Holdings Corporation compare	16.4×
ICUI ICU Medical, Inc. compare	21.2×
MMSI Merit Medical Systems, Inc.	23.6×
BLCO Bausch + Lomb Corporation compare	31.4×
TFX Teleflex Incorporated compare	125×
ATRC AtriCure, Inc. compare	129×
Medical Instruments & Supplies industry median	23.5×
Healthcare sector median	21.1×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Merit Medical Systems, Inc. (MMSI) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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