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MERIT MEDICAL SYSTEMS INC

MMSI

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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
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Subscriber-only column
Developed Technology Rights
18454453343-30539637853-26133432113
Other Intangible Assets
396963388852279772
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
44948844639234239637752363758258759
Accounts Receivable Net Current
224206204210204200190190182181178168
Nontrade Receivables Current
241918191417171511111114
Inventory Net
374352334327323318306311298303304304
Prepaid Expense And Other Assets Current
332931313025292726242428
Prepaid Taxes
555443344444
Income Taxes Receivable
322260284019
Assets Current
1,1121,1021,0409869239599241,0781,1631,1051,108585
Property Plant And Equipm…
Land
303030303027262626262626
Buildings And Improvements Gross
200199200199199194192192191191191191
Machinery And Equipment Gross
371368365357353345341335330328317314
Furniture And Fixtures Gross
636161646463616765646366
Leasehold Improvements Gross
666665626159595959545453
Construction In Progress Gross
979183837564596761586160
Property Plant And Equipment Gross
827817805796782752738746732721713711
Accumulated Depreciation Depletion And Amortizatio…
-390-383-376-378-372-361-352-356-346-337-329-327
Property Plant And Equipment Net
437434428418410390386390386384384383
Intangible Assets Net Goo…
Goodwill
540503507507505464464399381382382381
Deferred Income Tax Assets Net
7771616161677776
Operating Lease Right Of Use Asset
848688888988666970736364
Other Assets Noncurrent
727578778172656262595549
Assets
2,8642,7192,6862,6312,5862,4682,4192,3782,3722,3262,3251,809
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Trade Current
716861656964696156486649
Accrued Liabilities Current
172123159147140119134127118113120119
Long Term Debt Current
-----------4
Operating Lease Liability Current
11111111109101112121212
Accrued Income Taxes Current
11159865321954
Liabilities Current
265217240230226197216201186183204187
Long Term Debt Noncurrent
736735734733732731730751801800823282
Deferred Income Tax Liabilities Net
402020272700666618
Accrued Income Taxes Noncurrent
-------00000
Liability For Uncertain Tax Positions Noncurrent
222222222222
Deferred Compensation Liability Classified Noncurr…
191718172019191919181716
Contract With Customer Liability Noncurrent
111111222222
Operating Lease Liability Noncurrent
737577787878555758605657
Other Liabilities Noncurrent
472510131212151716151414
Liabilities
1,1841,0931,1021,1021,0981,0401,0391,0551,0891,0861,123579
Stockholders Equity Inclu…
Preferred Stock Value
--0---0---0-
Common Stock Value
784769764747735718703669659649638695
Retained Earnings Accumulated Deficit
904865824786758726696668639603575548
Accumulated Other Comprehensive Income Loss Net Of…
-8-8-4-4-5-15-19-13-15-12-11-13
Stockholders Equity
1,6801,6271,5841,5291,4881,4281,3791,3231,2821,2401,2021,230
Liabilities And Stockholders Equity
2,8642,7192,6862,6312,5862,4682,4192,3782,3722,3262,3251,809
Allowance For Doubtful Accounts Receivable Current
1110101010111099999
Preferred Stock Shares Authorized
555555555555
Preferred Stock Shares Issued
000000000000
Common Stock Par Or Stated Value Per Share
000000000000
Common Stock Shares Authorized
100100100100100100100100100100100100
Common Stock Shares Issued
606059595959595858585858
Shares Outstanding
606059595959595858585858

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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%---------
20254.39%-1.80%-1.25%7.82%0.72%-1.33%5.01%5.61%-0.88%-19.07%-13.95%-25.56%
202410.55%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
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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
EPS TTM
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
Altman D
Altman E
Altman Z-Score
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
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-11Purchase
Owner: Smith, Christian Adam
Title: Chief Commercial Officer
Shares: 1,626
Price/Share: $61.00
Value: $99,186.00
Shares Owned: 2,220
Relationship: Officer
Ownership: Indirect
2026-05-07Sale
Owner: Ward, Lynne N.
Title: -
Shares: 5,000
Price/Share: $62.61
Value: $313,050.00
Shares Owned: 7,809
Relationship: Director
Ownership: Direct
2026-05-07Purchase
Owner: Lloyd, Brian G.
Title: CHIEF LEGAL OFFICER, SECRETARY
Shares: 2,000
Price/Share: $62.63
Value: $125,260.00
Shares Owned: 2,000
Relationship: Officer
Ownership: Indirect
2026-05-06Purchase
Owner: Aronson, Martha Goldberg
Title: President and CEO
Shares: 2,000
Price/Share: $60.44
Value: $120,880.00
Shares Owned: 49,792
Relationship: Director,Officer
Ownership: Direct
2026-05-06Purchase
Owner: Parra, Raul Jr.
Title: CFO AND TREASURER
Shares: 1,500
Price/Share: $61.01
Value: $91,515.00
Shares Owned: 58,843
Relationship: Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
96.19%
Inst. Shares: 57,240,724
Shares Outstanding: 59,510,000
2025-12-31
101.21%
Inst. Shares: 59,874,657
Shares Outstanding: 59,158,000
2025-09-30
98.06%
Inst. Shares: 58,096,803
Shares Outstanding: 59,245,000
2025-06-30
102.53%
Inst. Shares: 60,637,711
Shares Outstanding: 59,140,000
2025-03-31
101.58%
Inst. Shares: 59,825,698
Shares Outstanding: 58,897,000

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.

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