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) Revenue growth

Alert me on Revenue growth

Merit Medical Systems, Inc.'s revenue growth over the twelve months to 30 September 2026 was 9.06%, down 2.7 percentage points from fiscal 2025 (11.8%). Over the past ten years it has ranged from −3.11% (fiscal 2020) to 21.3% (fiscal 2018); the current reading is higher than 73% of that period. That is in line with the Medical Instruments & Supplies industry median of 8.97% and above the Healthcare sector median of 7.80%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 11.8% 3.86
FY2024 7.89% (1.35)
FY2023 9.24% 2.15
FY2022 7.09% (4.41)
FY2021 11.5% 14.61
FY2020 −3.11% (15.81)
FY2019 12.7% (8.58)
FY2018 21.3% 0.74
FY2017 20.5% 9.16
FY2016 11.4% 5.01

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 8.35% (1.16)
Jun 2026 9.51% 2.05
Mar 2026 7.46% (3.46)
Dec 2025 10.9% (2.12)
43 more quarters

Against its own ten years

Low −3.11% High 21.3%
Ten-year median 11.4%
Current reading's percentile 73

Revenue growth against peers

Company Revenue growth
PLSE Pulse Biosciences, Inc compare 90.1%
TFX Teleflex Incorporated compare 30.7%
ATRC AtriCure, Inc. compare 13.8%
STVN Stevanato Group S.p.A. compare 11.6%
NVST Envista Holdings Corporation compare 9.78%
MMSI Merit Medical Systems, Inc. 9.06%
BLCO Bausch + Lomb Corporation compare 8.88%
ICUI ICU Medical, Inc. compare −5.92%
MMED MiniMed Group, Inc. compare —
Medical Instruments & Supplies industry median 8.97%
Healthcare sector median 7.80%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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