MMSI
Merit Medical Systems Inc
NASDAQ: MMSI · HEALTHCARE · MEDICAL INSTRUMENTS & SUPPLIES
$61.63
+1.97% today
Updated 2026-05-06
Market cap
$3.70B
P/E ratio
26.73
P/S ratio
2.40x
EPS (TTM)
$2.32
Dividend yield
—
52W range
$61 – $100
Volume
0.8M
Merit Medical Systems Inc (MMSI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $190.67M | $207.77M | $227.14M | $257.46M | $296.75M | $359.45M | $394.29M | $449.05M | $509.69M | $542.15M | $603.84M | $727.85M | $882.75M | $994.85M | $963.88M | $1.07B | $1.15B | $1.26B | $1.36B | $1.51B |
| Revenue growth (YoY) | — | +9.0% | +9.3% | +13.3% | +15.3% | +21.1% | +9.7% | +13.9% | +13.5% | +6.4% | +11.4% | +20.5% | +21.3% | +12.7% | -3.1% | +11.5% | +7.1% | +9.2% | +7.9% | +11.7% |
| Cost of revenue | $117.60M | $127.98M | $133.87M | $148.66M | $168.26M | $193.98M | $212.30M | $254.68M | $284.47M | $306.37M | $338.81M | $401.60M | $487.98M | $562.49M | $562.70M | $589.42M | $631.88M | $673.49M | $713.18M | $777.79M |
| Gross profit | $73.08M | $79.79M | $93.27M | $108.80M | $128.50M | $165.47M | $181.99M | $194.37M | $225.22M | $235.78M | $265.02M | $326.25M | $394.77M | $432.37M | $401.18M | $485.33M | $519.10M | $583.87M | $643.33M | $736.94M |
| Gross margin | 38.3% | 38.4% | 41.1% | 42.3% | 43.3% | 46.0% | 46.2% | 43.3% | 44.2% | 43.5% | 43.9% | 44.8% | 44.7% | 43.5% | 41.6% | 45.2% | 45.1% | 46.4% | 47.4% | 48.7% |
| R&D | $8.58M | $8.69M | $9.16M | $11.17M | $15.34M | $21.94M | $27.80M | $33.89M | $36.63M | $40.81M | $45.23M | $51.40M | $59.53M | $65.61M | $57.54M | $71.25M | $75.51M | $82.73M | $83.81M | $97.35M |
| SG&A | $45.49M | $48.13M | $53.13M | $64.79M | $87.61M | $104.50M | $122.11M | $128.64M | $147.89M | $156.35M | $184.40M | $229.13M | $276.02M | $327.27M | $297.72M | $335.69M | $342.52M | $361.17M | $399.73M | $455.21M |
| Operating income | $19.01M | $22.97M | $30.98M | $32.85M | $17.20M | $33.19M | $29.64M | $27.84M | $40.17M | $37.54M | $34.88M | $33.07M | $58.62M | $15.43M | $-1.56M | $60.92M | $87.56M | $123.94M | $155.69M | $184.38M |
| Operating margin | 10.0% | 11.1% | 13.6% | 12.8% | 5.8% | 9.2% | 7.5% | 6.2% | 7.9% | 6.9% | 5.8% | 4.5% | 6.6% | 1.6% | -0.2% | 5.7% | 7.6% | 9.9% | 11.5% | 12.2% |
| EBITDA | $19.01M | $32.41M | $42.10M | $45.39M | $32.24M | $52.93M | $50.76M | $60.42M | $76.33M | $74.85M | $78.66M | $97.29M | $129.43M | $119.25M | $103.58M | $154.96M | $181.17M | $228.89M | $273.97M | $319.03M |
| EBITDA margin | 10.0% | 15.6% | 18.5% | 17.6% | 10.9% | 14.7% | 12.9% | 13.5% | 15.0% | 13.8% | 13.0% | 13.4% | 14.7% | 12.0% | 10.7% | 14.4% | 15.7% | 18.2% | 20.2% | 21.1% |
| EBIT | $10.91M | $23.11M | $31.86M | $33.12M | $17.38M | $33.74M | $28.22M | $27.88M | $40.40M | $37.43M | $34.90M | $43.71M | $59.88M | $14.90M | $-3.24M | $59.18M | $88.97M | $127.60M | $159.24M | $184.38M |
| Interest expense | $10000.00 | $10000.00 | $17000.00 | $28000.00 | $596000.00 | $789000.00 | $604000.00 | $8.04M | $8.83M | $6.23M | $8.80M | $7.74M | $10.36M | $12.70M | $9.99M | $5.26M | $6.34M | $15.51M | $31.22M | $26.46M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $12.30M | $15.59M | $20.73M | $22.53M | $12.46M | $23.04M | $19.71M | $16.57M | $22.97M | $23.80M | $20.12M | $27.52M | $42.02M | $5.45M | $-9.84M | $48.45M | $74.52M | $94.41M | $120.36M | $128.49M |
| Net income growth (YoY) | — | +26.7% | +33.0% | +8.7% | -44.7% | +84.9% | -14.5% | -15.9% | +38.6% | +3.6% | -15.5% | +36.8% | +52.7% | -87.0% | -280.6% | +592.3% | +53.8% | +26.7% | +27.5% | +6.8% |
| Profit margin | 6.5% | 7.5% | 9.1% | 8.8% | 4.2% | 6.4% | 5.0% | 3.7% | 4.5% | 4.4% | 3.3% | 3.8% | 4.8% | 0.5% | -1.0% | 4.5% | 6.5% | 7.5% | 8.9% | 8.5% |