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) Return on invested capital
Merit Medical Systems, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 6.87%, up 0.7 percentage points from fiscal 2025 (6.17%). Over the past ten years it has ranged from −0.08% (fiscal 2020) to 6.17% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Instruments & Supplies industry median of 0.13% and above the Healthcare sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 6.17% | 0.55 |
| FY2024 | 5.62% | 0.23 |
| FY2023 | 5.39% | 1.13 |
| FY2022 | 4.26% | 1.13 |
| FY2021 | 3.13% | 3.21 |
| FY2020 | −0.08% | (0.80) |
| FY2019 | 0.72% | (2.19) |
| FY2018 | 2.91% | 0.67 |
| FY2017 | 2.24% | (0.47) |
| FY2016 | 2.71% | (0.79) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| NVST Envista Holdings Corporation compare | 13.6% |
| MMSI Merit Medical Systems, Inc. | 6.87% |
| STVN Stevanato Group S.p.A. compare | 6.71% |
| ATRC AtriCure, Inc. compare | 2.61% |
| ICUI ICU Medical, Inc. compare | 2.27% |
| BLCO Bausch + Lomb Corporation compare | 2.16% |
| TFX Teleflex Incorporated compare | 0.51% |
| MMED MiniMed Group, Inc. compare | −1.61% |
| PLSE Pulse Biosciences, Inc compare | −37.0% |
| Medical Instruments & Supplies industry median | 0.13% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on MMSI
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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
- 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