MMSINasdaqSurgical & Medical Instruments & ApparatusFiscal year ends December 31
MERIT MEDICAL SYSTEMS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$89.96+0.76 (+0.85%)
Close on Oct 19, 2026
- Market cap
- $5.40B
- P/E (TTM)
- 37.2
- Dividend yield
- –
Merit Medical Systems statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Surgical & Medical Instruments & Apparatus companies for comparison
Valuation
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Market Cap | $5.37B | $229.23M |
| Enterprise Value | $5.66B | $194.73M |
| PE Ratio | 37.17 | 33.41 |
| PS Ratio | 3.40 | 3.14 |
| PB Ratio | 3.20 | 3.19 |
| P/TBV Ratio | 4.71 | 4.69 |
| P/FCF Ratio | 26.43 | 27.25 |
| P/OCF Ratio | 18.95 | 22.23 |
Enterprise value
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| EV / Sales | 3.58 | 2.93 |
| EV / EBITDA | 17.37 | 19.97 |
| EV / EBIT | 28.10 | 25.47 |
| EV / FCF | 27.85 | 27.85 |
Income (trailing twelve months)
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Revenue | $1.58B | $102.39M |
| Gross Profit | $781.73M | $60.36M |
| Operating Income | $201.37M | -$4.31M |
| Pretax Income | $194.46M | -$2.26M |
| Net Income | $145.56M | -$6.57M |
| EBITDA | $325.72M | -$1.98M |
| EPS (Diluted) | $2.42 | -$0.07 |
Margins
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Gross Margin | 49.5% | 55.1% |
| Operating Margin | 12.8% | -6.04% |
| Pretax Margin | 12.3% | -4.11% |
| Profit Margin | 9.22% | -10.5% |
| EBITDA Margin | 20.6% | -2.67% |
| FCF Margin | 12.9% | -0.30% |
Returns
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Return on Equity (ROE) | 9.19% | -19.2% |
| Return on Assets (ROA) | 5.34% | -13.3% |
| Return on Invested Capital (ROIC) | 7.84% | -4.11% |
| Return on Capital Employed (ROCE) | 7.75% | -9.07% |
Growth
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 10.2% | 8.85% |
| Net Income Growth (YoY) | 22.2% | 10.6% |
| EPS Growth (YoY) | 22.8% | 10.6% |
| FCF Growth (YoY) | 5.66% | 10.6% |
| Revenue Growth (3Y CAGR) | 9.61% | 7.08% |
| Revenue Growth (5Y CAGR) | 9.48% | 11.8% |
| EPS Growth (3Y CAGR) | 18.2% | 3.06% |
Balance sheet
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $448.70M | $37.33M |
| Total Debt | $736.26M | $72.66M |
| Net Cash (Debt) | -$287.56M | $3.92M |
| Net Cash Per Share | -$4.82 | $0.28 |
| Equity (Book Value) | $1.68B | $57.36M |
| Book Value Per Share | $28.13 | $2.81 |
| Tangible Book Value | $1.14B | $10.71M |
| Working Capital | $847.31M | $54.64M |
Financial position
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Current Ratio | 4.20 | 2.50 |
| Quick Ratio | 2.54 | 1.54 |
| Debt / Equity | 0.44 | 0.38 |
| Debt / EBITDA | 2.26 | 2.31 |
| Debt / FCF | 3.62 | 3.50 |
| Net Debt / EBITDA | 0.88 | 1.53 |
| Interest Coverage | 6.34 | -1.81 |
Cash flow (trailing twelve months)
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Operating Cash Flow | $283.45M | -$653.46K |
| Capital Expenditures | -$80.24M | -$3.69M |
| Free Cash Flow | $203.21M | -$835.02K |
| FCF Per Share | $3.40 | -$0.02 |
Efficiency
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Asset Turnover | 0.58 | 0.59 |
| Inventory Turnover | 2.29 | 2.21 |
| Revenue Per Employee | $210.51K | $322.75K |
| Profits Per Employee | $19.41K | -$52.11K |
| Employee Count | 7,500 | 197 |
Dividends and yields
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Earnings Yield | 2.71% | -6.92% |
| FCF Yield | 3.78% | -0.62% |
| Buyback Yield | -0.24% | 0.78% |
| Shareholder Yield | -0.24% | 0.84% |
Shares
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Shares Outstanding | 59,710,400 | 44,856,700 |
| Shares Change (YoY) | -0.86% | 3.35% |
| Shares Change (QoQ) | 0.09% | 0.27% |
| Float | 58,115,200 | 36,934,400 |
| Shares Held by Insiders | 2.67% | 10.6% |
| Shares Held by Institutions | 105.0% | 63.5% |
Taxes
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Income Tax | $48.90M | $1.52M |
| Effective Tax Rate | 25.1% | 18.6% |
Scores
| Measure | Merit Medical Systems | Industry median |
|---|---|---|
| Graham Number | $39.14 | $34.37 |
| Graham Upside | -56.5% | -58.3% |
| Altman Z-Score | 4.30 | 1.95 |
| Piotroski F-Score | 7 | 5 |
| Beneish M-Score | -2.71 | -2.64 |
Calculated by StockData from Merit Medical Systems's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.