S&P 500 7,348.36 â–ŧ 17.10 (-0.23%) DOW 51,900.84 ▲ 234.00 (+0.45%) NASDAQ 25,411.37 â–ŧ 175.67 (-0.69%) US Markets Open â€ĸ 03:06 PM ET

MMSI

Merit Medical Systems, Inc.

Price Chart
Latest Quote

$69.14

+1.87 (+2.77%)
Current Price
Previous Close $67.27
Open $67.45
Day High $69.48
Day Low $67.45
Volume 400,305
Fetched: 2026-06-24T19:06:08
Stock Information
Shares Outstanding 59.65M
Total Debt $821.56M
Cash Equivalents $488.08M
Revenue $1.54B
Net Income $139.34M
Sector Healthcare
Industry Medical Instruments & Supplies
Market Cap $4.12B
P/E Ratio 29.80
EPS (TTM) $2.32
Exchange NMS
🌐 Visit Website
📊 Comprehensive Analysis
Company Data
Enterprise Value$4.35B
Sales$1.54B
Income$139.34M
Book/sh$27.27
Cash/sh$8.18
Employees8K
Financial Ratios
Quick Ratio3.30
Current Ratio5.08
Debt/Eq50.50
EPS Growth TTM36.00%
Returns & Margins
ROA4.72%
ROE9.12%
Gross Margin48.69%
Operating Margin11.52%
Profit Margin9.03%
Ownership
Insider Ownership2.48%
Institutional Ownership104.56%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E15.72
PEG1.41
P/S2.67
P/B2.54
Analyst Data
Recommendationnone
Target Price$89.55
Technical Indicators
SMA20$65.22
SMA50$65.21
SMA200$77.30
RSI75.31
ATR2.1586
Shares Float58.18M
Short Float6.68%
Short Ratio3.17
Volatility0.53
Rel Volume0.52
Performance History
Week+2.15%
Month+7.74%
Quarter+2.35%
6 Months-21.17%
YTD-20.03%
Year-25.11%
3 Years-16.98%
5 Years+12.05%
10 Years+268.92%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
⭐ Premium Feature

Sign up for free to view detailed scoring breakdown — premium is free during our trial period!

Recent Price History
Date Close Volume
2026-06-24 $69.14 400,305
2026-06-23 $67.27 825,300
2026-06-22 $66.50 605,900
2026-06-18 $67.22 1,182,100
2026-06-17 $65.24 840,900
2026-06-16 $67.68 880,300
2026-06-15 $66.94 545,800
2026-06-12 $66.53 514,900
2026-06-11 $66.89 661,700
2026-06-10 $66.99 940,000
2026-06-09 $67.51 946,300
2026-06-08 $66.03 1,176,400
2026-06-05 $64.48 710,900
2026-06-04 $63.04 648,300
2026-06-03 $60.65 663,400
2026-06-02 $60.89 795,700
2026-06-01 $62.05 715,200
2026-05-29 $63.06 880,200
2026-05-28 $63.75 634,100
2026-05-27 $62.52 919,500
2026-05-26 $64.52 713,300
About Merit Medical Systems, Inc.

Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures in the United States, China, Japan, Germany, France, the United Kingdom, and internationally. It operates through two segments, Cardiovascular and Endoscopy. The company offers micropuncture kits, angiographic needles, sheaths, guide wires, and safety products; peripheral intervention products comprising angiography, drainage, delivery systems, and embolotherapy products; oncology products, such as soft tissue biopsy products and accessories; cardiac intervention products consisting of cardiac access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention products; and spine products, including vertebral augmentation, radiofrequency ablation, and bone biopsy systems. It also provides custom procedural solutions, including critical care products, syringes, manifold kits, and trays and packs; coating services for medical tubes and wires; and sensor components for microelectromechanical systems. In addition, the company offers gastroenterology products, such as esophageal stents, cryoballoon and inflation devices, gauges, and balloon dilators; pulmonary products consisting of laser-cut tracheobronchial stents, and over-the-wire and direct visualization delivery systems; and kits and accessories for endoscopy and bronchoscopy procedures. It sells its products to hospitals, alternate site-based physicians, technicians, and nurses through direct sales force, independent distributors, original equipment manufacturer partners, and custom procedure tray manufacturers. The company exports its products to Canada, Western Europe, Australia, Brazil, Malaysia, South Korea, the United Arab Emirates, India, New Zealand, and South Africa. Merit Medical Systems, Inc. was incorporated in 1987 and is headquartered in South Jordan, Utah.

Period:
Loading...
Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $777,636,000 $713,181,000 $673,494,000 $631,882,000
Cost Of Revenue $777,636,000 $713,181,000 $673,494,000 $631,882,000
Total Revenue $1,515,906,000 $1,356,514,000 $1,257,366,000 $1,150,981,000
Operating Revenue $1,515,906,000 $1,356,514,000 $1,257,366,000 $1,150,981,000
Expenses
Interest Expense $26,461,000 $31,219,000 $15,511,000 $6,339,000
Total Expenses $1,330,202,000 $1,200,378,000 $1,129,898,000 $1,049,917,000
Other Income Expense $-3,376,000 $-1,154,000 $-2,324,000 $-12,535,000
Other Non Operating Income Expenses $-2,392,000 $-711,000 $1,200,000 $966,000
Net Non Operating Interest Income Expense $-11,391,000 $-4,989,000 $-13,055,000 $-5,900,000
Interest Expense Non Operating $26,461,000 $31,219,000 $15,511,000 $6,339,000
Operating Expense $552,566,000 $487,197,000 $456,404,000 $418,035,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $128,489,000 $120,357,000 $94,411,000 $74,516,000
Net Interest Income $-11,391,000 $-4,989,000 $-13,055,000 $-5,900,000
Interest Income $15,070,000 $26,230,000 $2,456,000 $439,000
Normalized Income $129,228,968 $120,712,286 $97,378,208 $86,693,902
Net Income From Continuing And Discontinued Operation $128,489,000 $120,357,000 $94,411,000 $74,516,000
Total Operating Income As Reported $184,720,000 $155,693,000 $123,944,000 $87,563,000
Net Income Common Stockholders $128,489,000 $120,357,000 $94,411,000 $74,516,000
Net Income $128,489,000 $120,357,000 $94,411,000 $74,516,000
Net Income Including Noncontrolling Interests $128,489,000 $120,357,000 $94,411,000 $74,516,000
Net Income Continuous Operations $128,489,000 $120,357,000 $94,411,000 $74,516,000
Pretax Income $170,937,000 $149,993,000 $112,089,000 $82,629,000
Special Income Charges $-984,000 $-443,000 $-3,524,000 $-13,501,000
Interest Income Non Operating $15,070,000 $26,230,000 $2,456,000 $439,000
Operating Income $185,704,000 $156,136,000 $127,468,000 $101,064,000
Gross Profit $738,270,000 $643,333,000 $583,872,000 $519,099,000
Per Share
Diluted EPS $2.13 $2.03 $1.62 $1.29
Basic EPS $2.17 $2.07 $1.64 $1.31
Other
Tax Effect Of Unusual Items $-244,032 $-87,714 $-556,792 $-1,323,098
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $333,031,000 $296,387,000 $232,416,000 $194,667,000
Total Unusual Items $-984,000 $-443,000 $-3,524,000 $-13,501,000
Total Unusual Items Excluding Goodwill $-984,000 $-443,000 $-3,524,000 $-13,501,000
Reconciled Depreciation $134,649,000 $114,732,000 $101,292,000 $92,198,000
EBITDA (Bullshit earnings) $332,047,000 $295,944,000 $228,892,000 $181,166,000
EBIT $197,398,000 $181,212,000 $127,600,000 $88,968,000
Diluted Average Shares $60,460,000 $59,365,000 $58,356,000 $57,671,000
Basic Average Shares $59,158,000 $58,218,000 $57,593,000 $56,806,000
Diluted NI Availto Com Stockholders $128,489,000 $120,357,000 $94,411,000 $74,516,000
Tax Provision $42,448,000 $29,636,000 $17,678,000 $8,113,000
Impairment Of Capital Assets $0 $0 $270,000 $2,219,000
Restructuring And Mergern Acquisition $984,000 $443,000 $1,704,000 $4,611,000
Research And Development $97,352,000 $87,466,000 $82,728,000 $75,510,000
Selling General And Administration $455,214,000 $399,731,000 $373,676,000 $342,525,000
Other Special Charges - - $1,550,000 $6,671,000
Fetched: 2026-06-21
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $539,812,000 $417,583,000 $493,877,000 $508,704,000
Total Assets $2,685,922,000 $2,418,603,000 $2,325,244,000 $1,663,966,000
Total Non Current Assets $1,645,768,000 $1,494,829,000 $1,216,774,000 $1,134,882,000
Other Non Current Assets $10,418,000 $12,365,000 $14,182,000 $10,612,000
Non Current Deferred Assets $29,863,000 $36,760,000 $25,597,000 $22,366,000
Non Current Deferred Taxes Assets $7,049,000 $16,044,000 $7,288,000 $6,599,000
Non Current Note Receivables $16,252,000 $9,423,000 $3,241,000 $2,397,000
Goodwill And Other Intangible Assets $1,044,491,000 $961,776,000 $708,123,000 $635,693,000
Other Intangible Assets $537,654,000 $498,265,000 $325,883,000 $275,872,000
Current Assets $1,040,154,000 $923,774,000 $1,108,470,000 $529,084,000
Other Current Assets $31,493,000 $28,544,000 $24,286,000 $22,324,000
Prepaid Assets $4,941,000 $3,286,000 $4,016,000 $3,913,000
Inventory $333,705,000 $306,063,000 $303,871,000 $265,991,000
Receivables $223,611,000 $209,166,000 $189,261,000 $178,448,000
Other Receivables $17,773,000 $16,588,000 $10,517,000 $12,992,000
Taxes Receivable $2,128,000 $2,335,000 $859,000 $779,000
Accounts Receivable $203,710,000 $190,243,000 $177,885,000 $164,677,000
Allowance For Doubtful Accounts Receivable $-10,136,000 $-9,729,000 $-9,023,000 $-8,423,000
Gross Accounts Receivable $213,846,000 $199,972,000 $186,908,000 $173,100,000
Cash Cash Equivalents And Short Term Investments $446,404,000 $376,715,000 $587,036,000 $58,408,000
Cash And Cash Equivalents $446,404,000 $376,715,000 $587,036,000 $58,408,000
Debt
Net Debt $287,634,000 $352,836,000 $235,977,000 $139,601,000
Total Debt $821,572,000 $794,665,000 $891,359,000 $268,750,000
Long Term Debt And Capital Lease Obligation $810,696,000 $784,334,000 $879,272,000 $246,495,000
Long Term Debt $734,038,000 $729,551,000 $823,013,000 $186,759,000
Current Debt And Capital Lease Obligation $10,876,000 $10,331,000 $12,087,000 $22,255,000
Current Debt - - - $11,250,000
Other Current Borrowings - - - $11,250,000
Liabilities
Total Liabilities Net Minority Interest $1,101,619,000 $1,039,244,000 $1,123,244,000 $519,569,000
Total Non Current Liabilities Net Minority Interest $861,855,000 $822,842,000 $919,680,000 $298,924,000
Other Non Current Liabilities $12,554,000 $17,569,000 $15,742,000 $16,648,000
Tradeand Other Payables Non Current $17,542,000 $19,197,000 $17,514,000 $15,611,000
Non Current Deferred Liabilities $21,063,000 $1,742,000 $7,152,000 $20,170,000
Non Current Deferred Taxes Liabilities $19,665,000 $240,000 $5,547,000 $18,462,000
Current Liabilities $239,764,000 $216,402,000 $203,564,000 $220,645,000
Current Deferred Liabilities $247,000 $158,000 $285,000 $165,000
Payables And Accrued Expenses $228,641,000 $205,913,000 $191,192,000 $198,225,000
Interest Payable $9,344,000 $9,531,000 $1,556,000 -
Payables $81,677,000 $83,772,000 $82,035,000 $86,126,000
Other Payable $12,275,000 $11,778,000 $11,005,000 $10,925,000
Total Tax Payable $8,851,000 $3,492,000 $5,086,000 $6,697,000
Income Tax Payable $8,851,000 $3,492,000 $5,086,000 $6,697,000
Accounts Payable $60,551,000 $68,502,000 $65,944,000 $68,504,000
Equity
Common Stock Equity $1,584,303,000 $1,379,359,000 $1,202,000,000 $1,144,397,000
Total Equity Gross Minority Interest $1,584,303,000 $1,379,359,000 $1,202,000,000 $1,144,397,000
Stockholders Equity $1,584,303,000 $1,379,359,000 $1,202,000,000 $1,144,397,000
Gains Losses Not Affecting Retained Earnings $-3,636,000 $-19,401,000 $-11,334,000 $-11,550,000
Other Equity Adjustments $-3,636,000 $-19,401,000 $-11,334,000 $-11,550,000
Retained Earnings $824,030,000 $695,541,000 $575,184,000 $480,773,000
Other
Ordinary Shares Number $59,424,000 $58,743,000 $57,858,000 $57,306,000
Share Issued $59,424,000 $58,743,000 $57,858,000 $57,306,000
Tangible Book Value $539,812,000 $417,583,000 $493,877,000 $508,704,000
Invested Capital $2,318,341,000 $2,108,910,000 $2,025,013,000 $1,342,406,000
Working Capital $800,390,000 $707,372,000 $904,906,000 $308,439,000
Capital Lease Obligations $87,534,000 $65,114,000 $68,346,000 $70,741,000
Total Capitalization $2,318,341,000 $2,108,910,000 $2,025,013,000 $1,331,156,000
Capital Stock $763,909,000 $703,219,000 $638,150,000 $675,174,000
Common Stock $763,909,000 $703,219,000 $638,150,000 $675,174,000
Preferred Stock $0 $0 $0 $0
Non Current Deferred Revenue $1,398,000 $1,502,000 $1,605,000 $1,708,000
Long Term Capital Lease Obligation $76,658,000 $54,783,000 $56,259,000 $59,736,000
Current Capital Lease Obligation $10,876,000 $10,331,000 $12,087,000 $11,005,000
Current Accrued Expenses $146,964,000 $122,141,000 $109,157,000 $112,099,000
Investments And Advances $28,743,000 $22,832,000 $19,061,000 $15,576,000
Other Investments $28,743,000 $22,832,000 $19,061,000 $15,576,000
Goodwill $506,837,000 $463,511,000 $382,240,000 $359,821,000
Net PPE $516,001,000 $451,673,000 $446,570,000 $448,238,000
Accumulated Depreciation $-376,445,000 $-351,605,000 $-329,036,000 $-303,271,000
Gross PPE $892,446,000 $803,278,000 $775,606,000 $751,509,000
Leases $65,236,000 $58,770,000 $53,638,000 $49,673,000
Construction In Progress $82,939,000 $58,673,000 $61,439,000 $61,269,000
Other Properties $452,877,000 $406,372,000 $379,977,000 $364,351,000
Machinery Furniture Equipment $60,883,000 $61,321,000 $63,044,000 $61,128,000
Buildings And Improvements $200,046,000 $192,296,000 $191,491,000 $189,148,000
Land And Improvements $30,465,000 $25,846,000 $26,017,000 $25,940,000
Properties $0 $0 $0 $0
Finished Goods $190,616,000 $168,437,000 $158,893,000 $147,051,000
Work In Process $32,391,000 $27,114,000 $25,420,000 $29,534,000
Raw Materials $110,698,000 $110,512,000 $119,558,000 $89,406,000
Fetched: 2026-06-21
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $212,535,000 $182,756,000 $108,450,000 $66,087,000
Operating Activities
Operating Cash Flow $297,371,000 $220,799,000 $145,151,000 $114,291,000
Cash Flow From Continuing Operating Activities $297,371,000 $220,799,000 $145,151,000 $114,291,000
Operating Gains Losses $2,053,000 $1,490,000 $5,407,000 $1,797,000
Investing Activities
Capital Expenditure $-84,836,000 $-38,043,000 $-36,701,000 $-48,204,000
Investing Cash Flow $-247,386,000 $-368,653,000 $-175,347,000 $-57,397,000
Cash Flow From Continuing Investing Activities $-247,386,000 $-368,653,000 $-175,347,000 $-57,397,000
Net Other Investing Changes $-17,781,000 $-10,428,000 $-4,123,000 $-1,412,000
Capital Expenditure Reported $-84,836,000 $-38,043,000 $-36,701,000 $-48,204,000
Financing Activities
Issuance Of Capital Stock $28,213,000 $40,908,000 $15,584,000 $20,070,000
Financing Cash Flow $15,999,000 $-60,008,000 $559,266,000 $-60,260,000
Cash Flow From Continuing Financing Activities $15,999,000 $-60,008,000 $559,266,000 $-60,260,000
Net Other Financing Charges $-12,214,000 $-1,853,000 $-75,897,000 $-35,392,000
Net Common Stock Issuance $28,213,000 $40,908,000 $15,584,000 $20,070,000
Common Stock Issuance $28,213,000 $40,908,000 $15,584,000 $20,070,000
Other
Repayment Of Debt $0 $-99,063,000 $-579,624,000 $-260,143,000
Issuance Of Debt $0 $0 $1,199,203,000 $215,205,000
Interest Paid Supplemental Data $20,991,000 $23,244,000 $14,051,000 $6,258,000
Income Tax Paid Supplemental Data $31,392,000 $45,047,000 $31,534,000 $17,092,000
End Cash Position $448,549,000 $378,767,000 $589,144,000 $60,558,000
Beginning Cash Position $378,767,000 $589,144,000 $60,558,000 $67,750,000
Effect Of Exchange Rate Changes $3,798,000 $-2,515,000 $-484,000 $-3,826,000
Changes In Cash $65,984,000 $-207,862,000 $529,070,000 $-3,366,000
Net Issuance Payments Of Debt $0 $-99,063,000 $619,579,000 $-44,938,000
Net Long Term Debt Issuance $0 $-99,063,000 $619,579,000 $-44,938,000
Long Term Debt Payments $0 $-99,063,000 $-579,624,000 $-260,143,000
Long Term Debt Issuance $0 $0 $1,199,203,000 $215,205,000
Net Business Purchase And Sale $-144,769,000 $-320,182,000 $-134,523,000 $-7,846,000
Purchase Of Business $-144,769,000 $-320,182,000 $-134,523,000 $-7,846,000
Change In Working Capital $-23,344,000 $-36,945,000 $-70,022,000 $-71,398,000
Change In Other Working Capital $-1,655,000 $2,030,000 $1,903,000 $-2,848,000
Change In Other Current Liabilities $-12,034,000 $-10,948,000 $-14,022,000 $-10,894,000
Change In Other Current Assets $-1,697,000 $-6,066,000 $-5,976,000 $657,000
Change In Payables And Accrued Expense $20,503,000 $5,616,000 $-11,466,000 $803,000
Change In Accrued Expense $14,262,000 $9,715,000 $-2,484,000 $-16,379,000
Change In Payable $6,241,000 $-4,099,000 $-8,982,000 $17,182,000
Change In Account Payable $1,011,000 $-2,314,000 $-7,297,000 $12,661,000
Change In Tax Payable $5,230,000 $-1,785,000 $-1,685,000 $4,521,000
Change In Income Tax Payable $5,230,000 $-1,785,000 $-1,685,000 $4,521,000
Change In Prepaid Assets $-4,132,000 $-3,586,000 $1,189,000 $-2,177,000
Change In Inventory $-21,602,000 $-2,287,000 $-32,105,000 $-47,929,000
Change In Receivables $-2,727,000 $-21,704,000 $-9,545,000 $-9,010,000
Changes In Account Receivables $-7,341,000 $-13,686,000 $-11,916,000 $-15,116,000
Other Non Cash Items $6,537,000 $7,109,000 $4,867,000 $11,779,000
Stock Based Compensation $43,460,000 $28,473,000 $21,333,000 $18,042,000
Asset Impairment Charge $313,000 $456,000 $506,000 $2,281,000
Deferred Tax $5,214,000 $-14,873,000 $-12,643,000 $-14,924,000
Deferred Income Tax $5,214,000 $-14,873,000 $-12,643,000 $-14,924,000
Depreciation Amortization Depletion $134,649,000 $114,732,000 $101,292,000 $92,198,000
Depreciation And Amortization $134,649,000 $114,732,000 $101,292,000 $92,198,000
Depreciation $134,649,000 $114,732,000 $101,292,000 $92,198,000
Gain Loss On Sale Of PPE $2,302,000 $1,490,000 $5,838,000 $380,000
Gain Loss On Sale Of Business $-249,000 $0 $-431,000 $1,417,000
Net Income From Continuing Operations $128,489,000 $120,357,000 $94,411,000 $74,516,000
Sale Of Business - $0 $431,000 -
Net PPE Purchase And Sale - $5,000 $201,000 $65,000
Sale Of PPE - $5,000 $201,000 $65,000
Fetched: 2026-06-21