MERIT MEDICAL SYSTEMS INC
MERIT MEDICAL SYSTEMS INC
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Developed Technology Rights | 18 | 454 | 453 | 343 | -305 | 396 | 378 | 53 | -261 | 334 | 321 | 13 | |||||
Other Intangible Assets | 3 | 96 | 96 | 3 | 3 | 88 | 85 | 2 | 2 | 79 | 77 | 2 | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 449 | 488 | 446 | 392 | 342 | 396 | 377 | 523 | 637 | 582 | 587 | 59 | |||||
Accounts Receivable Net Current | 224 | 206 | 204 | 210 | 204 | 200 | 190 | 190 | 182 | 181 | 178 | 168 | |||||
Nontrade Receivables Current | 24 | 19 | 18 | 19 | 14 | 17 | 17 | 15 | 11 | 11 | 11 | 14 | |||||
Inventory Net | 374 | 352 | 334 | 327 | 323 | 318 | 306 | 311 | 298 | 303 | 304 | 304 | |||||
Prepaid Expense And Other Assets Current | 33 | 29 | 31 | 31 | 30 | 25 | 29 | 27 | 26 | 24 | 24 | 28 | |||||
Prepaid Taxes | 5 | 5 | 5 | 4 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | |||||
Income Taxes Receivable | 3 | 2 | 2 | 2 | 6 | 0 | 2 | 8 | 4 | 0 | 1 | 9 | |||||
Assets Current | 1,112 | 1,102 | 1,040 | 986 | 923 | 959 | 924 | 1,078 | 1,163 | 1,105 | 1,108 | 585 | |||||
Property Plant And Equipm… | |||||||||||||||||
Land | 30 | 30 | 30 | 30 | 30 | 27 | 26 | 26 | 26 | 26 | 26 | 26 | |||||
Buildings And Improvements Gross | 200 | 199 | 200 | 199 | 199 | 194 | 192 | 192 | 191 | 191 | 191 | 191 | |||||
Machinery And Equipment Gross | 371 | 368 | 365 | 357 | 353 | 345 | 341 | 335 | 330 | 328 | 317 | 314 | |||||
Furniture And Fixtures Gross | 63 | 61 | 61 | 64 | 64 | 63 | 61 | 67 | 65 | 64 | 63 | 66 | |||||
Leasehold Improvements Gross | 66 | 66 | 65 | 62 | 61 | 59 | 59 | 59 | 59 | 54 | 54 | 53 | |||||
Construction In Progress Gross | 97 | 91 | 83 | 83 | 75 | 64 | 59 | 67 | 61 | 58 | 61 | 60 | |||||
Property Plant And Equipment Gross | 827 | 817 | 805 | 796 | 782 | 752 | 738 | 746 | 732 | 721 | 713 | 711 | |||||
Accumulated Depreciation Depletion And Amortizatio… | -390 | -383 | -376 | -378 | -372 | -361 | -352 | -356 | -346 | -337 | -329 | -327 | |||||
Property Plant And Equipment Net | 437 | 434 | 428 | 418 | 410 | 390 | 386 | 390 | 386 | 384 | 384 | 383 | |||||
Intangible Assets Net Goo… | |||||||||||||||||
Goodwill | 540 | 503 | 507 | 507 | 505 | 464 | 464 | 399 | 381 | 382 | 382 | 381 | |||||
Deferred Income Tax Assets Net | 7 | 7 | 7 | 16 | 16 | 16 | 16 | 7 | 7 | 7 | 7 | 6 | |||||
Operating Lease Right Of Use Asset | 84 | 86 | 88 | 88 | 89 | 88 | 66 | 69 | 70 | 73 | 63 | 64 | |||||
Other Assets Noncurrent | 72 | 75 | 78 | 77 | 81 | 72 | 65 | 62 | 62 | 59 | 55 | 49 | |||||
Assets | 2,864 | 2,719 | 2,686 | 2,631 | 2,586 | 2,468 | 2,419 | 2,378 | 2,372 | 2,326 | 2,325 | 1,809 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Trade Current | 71 | 68 | 61 | 65 | 69 | 64 | 69 | 61 | 56 | 48 | 66 | 49 | |||||
Accrued Liabilities Current | 172 | 123 | 159 | 147 | 140 | 119 | 134 | 127 | 118 | 113 | 120 | 119 | |||||
Long Term Debt Current | - | - | - | - | - | - | - | - | - | - | - | 4 | |||||
Operating Lease Liability Current | 11 | 11 | 11 | 11 | 10 | 9 | 10 | 11 | 12 | 12 | 12 | 12 | |||||
Accrued Income Taxes Current | 11 | 15 | 9 | 8 | 6 | 5 | 3 | 2 | 1 | 9 | 5 | 4 | |||||
Liabilities Current | 265 | 217 | 240 | 230 | 226 | 197 | 216 | 201 | 186 | 183 | 204 | 187 | |||||
Long Term Debt Noncurrent | 736 | 735 | 734 | 733 | 732 | 731 | 730 | 751 | 801 | 800 | 823 | 282 | |||||
Deferred Income Tax Liabilities Net | 40 | 20 | 20 | 27 | 27 | 0 | 0 | 6 | 6 | 6 | 6 | 18 | |||||
Accrued Income Taxes Noncurrent | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Liability For Uncertain Tax Positions Noncurrent | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Deferred Compensation Liability Classified Noncurr… | 19 | 17 | 18 | 17 | 20 | 19 | 19 | 19 | 19 | 18 | 17 | 16 | |||||
Contract With Customer Liability Noncurrent | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Operating Lease Liability Noncurrent | 73 | 75 | 77 | 78 | 78 | 78 | 55 | 57 | 58 | 60 | 56 | 57 | |||||
Other Liabilities Noncurrent | 47 | 25 | 10 | 13 | 12 | 12 | 15 | 17 | 16 | 15 | 14 | 14 | |||||
Liabilities | 1,184 | 1,093 | 1,102 | 1,102 | 1,098 | 1,040 | 1,039 | 1,055 | 1,089 | 1,086 | 1,123 | 579 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Preferred Stock Value | - | - | 0 | - | - | - | 0 | - | - | - | 0 | - | |||||
Common Stock Value | 784 | 769 | 764 | 747 | 735 | 718 | 703 | 669 | 659 | 649 | 638 | 695 | |||||
Retained Earnings Accumulated Deficit | 904 | 865 | 824 | 786 | 758 | 726 | 696 | 668 | 639 | 603 | 575 | 548 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -8 | -8 | -4 | -4 | -5 | -15 | -19 | -13 | -15 | -12 | -11 | -13 | |||||
Stockholders Equity | 1,680 | 1,627 | 1,584 | 1,529 | 1,488 | 1,428 | 1,379 | 1,323 | 1,282 | 1,240 | 1,202 | 1,230 | |||||
Liabilities And Stockholders Equity | 2,864 | 2,719 | 2,686 | 2,631 | 2,586 | 2,468 | 2,419 | 2,378 | 2,372 | 2,326 | 2,325 | 1,809 | |||||
Allowance For Doubtful Accounts Receivable Current | 11 | 10 | 10 | 10 | 10 | 11 | 10 | 9 | 9 | 9 | 9 | 9 | |||||
Preferred Stock Shares Authorized | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Common Stock Shares Issued | 60 | 60 | 59 | 59 | 59 | 59 | 59 | 58 | 58 | 58 | 58 | 58 | |||||
Shares Outstanding | 60 | 60 | 59 | 59 | 59 | 59 | 59 | 58 | 58 | 58 | 58 | 58 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.88% | -1.41% | 8.52% | - | - | - | - | - | - | - | - | - |
| 2025 | 4.39% | -1.80% | -1.25% | 7.82% | 0.72% | -1.33% | 5.01% | 5.61% | -0.88% | -19.07% | -13.95% | -25.56% |
| 2024 | 10.55% | 10.94% | 15.37% | 10.90% | 18.35% | 14.69% | 10.99% | 3.50% | 8.43% | -0.34% | -10.92% | -3.14% |
| 2023 | - | - | - | - | - | - | 12.41% | 12.71% | 24.43% | -9.76% | -10.11% | 2.20% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 4.20 | 5.08 | 4.34 | 4.28 | 4.09 | 4.87 | 4.27 | 5.36 | 6.24 | 6.03 | 5.45 | 3.13 | |||||
| Quick Ratio | 2.66 | 3.32 | 2.82 | 2.72 | 2.53 | 3.13 | 2.72 | 3.68 | 4.50 | 4.24 | 3.83 | 1.35 | |||||
| Working Capital | 847.31M | 884.90M | 800.39M | 755.06M | 697.50M | 761.81M | 707.37M | 877.24M | 976.33M | 921.93M | 904.91M | 398.19M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.70 | 0.67 | 0.70 | 0.72 | 0.74 | 0.73 | 0.75 | 0.80 | 0.85 | 0.88 | 0.93 | 0.47 | |||||
| Interest Coverage TTM | 6.34 | 7.11 | 6.98 | 5.95 | 5.61 | 5.41 | 4.99 | 5.42 | 5.90 | 6.20 | 7.99 | 9.51 | |||||
| Debt Ratio | 0.41 | 0.40 | 0.41 | 0.42 | 0.42 | 0.42 | 0.43 | 0.44 | 0.46 | 0.47 | 0.48 | 0.32 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.58 | 0.59 | 0.59 | 0.59 | 0.58 | 0.58 | 0.57 | 0.63 | 0.62 | 0.64 | 0.63 | 0.71 | |||||
| Days Sales Outstanding TTM | 49.52 | 48.04 | 47.43 | 49.44 | 49.24 | 49.98 | 49.53 | 49.23 | 49.56 | 49.89 | 49.72 | 48.17 | |||||
| Receivables Turnover TTM | 7.37 | 7.60 | 7.70 | 7.38 | 7.41 | 7.30 | 7.37 | 7.41 | 7.36 | 7.32 | 7.34 | 7.58 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 2.43 | 2.32 | 2.13 | 1.98 | 1.97 | 2.00 | 2.03 | 2.02 | 2.00 | 1.74 | 1.62 | 1.72 | |||||
| Free Cash Flow Per Share TTM | 3.40 | 3.71 | 3.65 | 3.49 | 3.25 | 3.07 | 3.19 | 3.01 | 3.10 | 2.31 | 1.92 | 1.24 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 49.51% | 48.69% | 48.70% | 48.47% | 47.95% | 47.80% | 47.43% | 46.83% | 46.54% | 46.54% | 46.44% | 46.31% | |||||
| Operating Profit Margin TTM | 12.75% | 12.18% | 12.19% | 11.31% | 11.29% | 11.58% | 11.48% | 11.52% | 11.57% | 10.40% | 9.86% | 9.85% | |||||
| Net Profit Margin TTM | 9.22% | 9.03% | 8.48% | 8.02% | 8.31% | 8.81% | 8.87% | 9.05% | 9.02% | 7.94% | 7.51% | 8.17% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 10.19% | 11.10% | 11.75% | 11.41% | 10.11% | 8.19% | 7.89% | 8.12% | 8.60% | 9.39% | 9.24% | 7.94% | |||||
| Net Income Growth (1Y) | 22.20% | 13.96% | 6.76% | -1.34% | 1.44% | 19.93% | 27.48% | 19.82% | 31.03% | 20.40% | 26.70% | 62.30% | |||||
| EPS Growth (1Y) | 21.09% | 12.79% | 5.06% | -3.03% | -0.28% | 18.02% | 26.11% | 18.69% | 29.67% | 19.14% | 24.97% | 59.91% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 28.43 | 29.44 | 40.58 | 41.64 | 46.41 | 50.92 | 46.78 | 47.94 | 42.55 | 43.06 | 46.34 | 39.74 | |||||
| P/B TTM | 2.46 | 2.52 | 3.29 | 3.22 | 3.72 | 4.36 | 4.08 | 4.35 | 3.90 | 3.54 | 3.64 | 3.24 | |||||
| P/S TTM | 2.62 | 2.66 | 3.44 | 3.34 | 3.86 | 4.48 | 4.15 | 4.34 | 3.84 | 3.42 | 3.48 | 3.25 | |||||
| Market Cap | 4.14B | 4.10B | 5.21B | 4.93B | 5.53B | 6.23B | 5.63B | 5.75B | 5.00B | 4.39B | 4.37B | 3.98B | |||||
| Enterprise Value | 4.42B | 4.35B | 5.50B | 5.27B | 5.92B | 6.56B | 5.98B | 5.98B | 5.16B | 4.61B | 4.80B | 4.21B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 203.21M | 220.82M | 215.66M | 206.88M | 192.31M | 180.64M | 185.66M | 175.50M | 180.00M | 133.64M | 110.86M | 71.27M | |||||
| Net Debt | 285.35M | 244.91M | 285.49M | 338.36M | 387.88M | 333.08M | 350.78M | 225.23M | 162.61M | 216.15M | 428.87M | 225.39M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| Altman E | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
MERIT MEDICAL SYSTEMS INC (MMSI) — SEC Financial Statements & Analysis
MERIT MEDICAL SYSTEMS INC (MMSI) is a surgical & medical instruments & apparatus company, incorporated in UT. MERIT MEDICAL SYSTEMS INC trades on Nasdaq as: MMSI. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), MERIT MEDICAL SYSTEMS INC reported a 10.19% year-over-year revenue growth, a Gross Profit Margin of 49.51% (TTM), a Debt-to-Equity ratio of 0.70x, a Price-to-Sales (P/S) ratio of 2.62x (TTM), a Price-to-Book (P/B) ratio of 2.46x (TTM), at a market cap of $4.14B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 10.19%
- Gross Profit Margin TTM
- 49.51%
- Debt To Equity
- 0.70x
- P/S TTM
- 2.62x
- P/B TTM
- 2.46x
- Market Cap
- $4.14B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is MERIT MEDICAL SYSTEMS INC in?
MERIT MEDICAL SYSTEMS INC (MMSI) operates in the Surgical & Medical Instruments & Apparatus industry.
What is MMSI's market cap?
MERIT MEDICAL SYSTEMS INC (MMSI) has a market capitalization of $4.14B as of 2026-06-30.
What is MMSI's P/E ratio?
MERIT MEDICAL SYSTEMS INC (MMSI)'s trailing twelve month P/E ratio is 28.43x as of 2026-06-30.
What exchange does MMSI trade on?
MERIT MEDICAL SYSTEMS INC (MMSI) trades on the Nasdaq.
Where is MERIT MEDICAL SYSTEMS INC incorporated?
MERIT MEDICAL SYSTEMS INC is incorporated in UT.