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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/S ratio

Alert me on P/S ratio

As of 5 November 2026, Merit Medical Systems, Inc. (MMSI) trades at a P/S ratio of 3.3×. Over the past ten years it has ranged from 1.2× (October 2019) to 4.7× (January 2025); the current reading is higher than 59% of that period. That is above the Medical Instruments & Supplies industry median of 2.5× and in line with the Healthcare sector median of 3.5×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 3.4× (17.14%)
FY2024 4.2× 18.65%
FY2023 3.5× 1.85%
FY2022 3.4× 5.55%
FY2021 3.3× 1.95%
FY2020 3.2× 84.72%
FY2019 1.7× (47.70%)
FY2018 3.3× 13.16%
FY2017 2.9× 51.56%
FY2016 1.9× 27.60%

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.2× 22.14%
Jun 2026 2.6× (1.45%)
Mar 2026 2.7× (22.68%)
Dec 2025 3.4× 3.04%
43 more quarters

Against its own ten years

Low 1.2× High 4.7×
Ten-year median 3.2×
Current reading's percentile 55

P/S ratio against peers

Company P/S ratio
BLCO Bausch + Lomb Corporation compare 1.3×
NVST Envista Holdings Corporation compare 1.4×
MMED MiniMed Group, Inc. compare 1.7×
ICUI ICU Medical, Inc. compare 1.9×
STVN Stevanato Group S.p.A. compare 2.5×
TFX Teleflex Incorporated compare 2.9×
MMSI Merit Medical Systems, Inc. 3.3×
ATRC AtriCure, Inc. compare 5.0×
PLSE Pulse Biosciences, Inc compare 2,559×
Medical Instruments & Supplies industry median 2.5×
Healthcare sector median 3.5×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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