Merit Medical Systems (MMSI)
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Merit Medical Systems Inc. is a medical device company that designs, manufactures, and sells products used in minimally invasive diagnostic and therapeutic procedures. Its devices are used by physicians in areas such as interventional cardiology, interventional radiology, vascular access, oncology, spine care, electrophysiology, critical care, and endoscopy.
The company organizes its operations into two reportable segments: Cardiovascular and Endoscopy. Cardiovascular is the larger business and includes a broad range of products that help clinicians diagnose and treat coronary artery disease, peripheral vascular disease, and non-vascular conditions. The portfolio includes catheters, guide wires, inflation devices, embolotherapy products, drainage systems, access tools, cardiac rhythm management products, and devices used in interventional oncology and spine procedures.
Merit Medical’s Endoscopy segment serves gastrointestinal and pulmonary specialists with products used in endoscopic diagnosis and treatment. Together, the company’s product lines are aimed at procedures that reduce the need for open surgery, shorten recovery times, and give physicians more precise tools for accessing and treating targeted areas of the body.
The company sells to hospitals, clinics, and healthcare systems through direct sales teams and distribution partners in the United States and international markets. Its competitive position depends on product quality, clinician training, regulatory compliance, manufacturing scale, and the ability to expand its portfolio through internal development and acquisitions. Merit Medical stands out for its wide catalog of procedure-specific devices serving multiple interventional specialties rather than relying on a single therapeutic category.
Last updated
- Market Cap
- 3.97B
- P/E
- 28.48
- P/FCF
- 17.97
- P/S
- 2.57
- Enterprise Value
- 4.22B
- Sector
- Industrials
- Industry
- Surgical and Medical Instruments and Apparatus
- Address
- 1600 WEST MERIT PARK WAY, SOUTH JORDAN, UT, 84095
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 3.97B
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 4.22B
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 28.48
- P/B
P/B ratio compares a company's share price to its book value per share.
- 2.44
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 2.57
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 13.5
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 2.73
- EPS
- 2.34
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 17.97
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 13.34
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- 220.82M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 8.57%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 5.12%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0.45
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 5.08
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 3.46
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 2.25
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 869.69K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 66.53
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 381.88M | 393.94M | 384.16M | 382.46M | 355.35M |
| Gross profit | 184.8M | 195.35M | 186.41M | 184.49M | 172.02M |
| Operating income | 44.16M | 54.2M | 42.61M | 46.88M | 41.03M |
| EBITDA | 74.65M | 85.73M | 73.93M | 77.9M | 70.33M |
| Net income | 41M | 38.01M | 27.76M | 32.58M | 30.15M |
| Basic EPS | 0.69 | 0.64 | 0.47 | 0.55 | 0.51 |
| Diluted EPS | 0.68 | 0.64 | 0.46 | 0.54 | 0.49 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 2.72B | 2.69B | 2.63B | 2.59B | 2.47B |
| Total liabilities | 1.09B | 1.1B | 1.1B | 1.1B | 1.04B |
| Total equity | 1.63B | 1.58B | 1.53B | 1.49B | 1.43B |
| Cash & equivalents | 488.08M | 446.4M | 392.46M | 341.82M | 395.53M |
| Current assets | 1.1B | 1.04B | 985.53M | 923.07M | 958.64M |
| Current liabilities | 216.87M | 239.76M | 230.48M | 225.57M | 196.82M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | 40.68M | 98.51M | 74.98M | 83.31M | 40.57M |
| Investing cash flow | 7.73M | -50.34M | -24.07M | -143.35M | -29.64M |
| Financing cash flow | -6.29M | 5.06M | -365K | 4.35M | 6.96M |
| Change in cash | 41.7M | 53.99M | 50.65M | -53.68M | 18.83M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| edgar index | SD — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| form 4 | Form 4 — Gunderson Thomas J. | View Filing | |
| form 4 | Form 4 — Gunderson Thomas J. | View Filing | |
| form 4 | Form 4 — Gunderson Thomas J. | View Filing | |
| form 4 | Form 4 — Gunderson Thomas J. | View Filing | |
| edgar index | 8-K — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 3 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — McDonnell Michael R. | View Filing | |
| form 4 | Form 4 — Ward Scott R. | View Filing | |
| form 4 | Form 4 — Carpenter Lonny J. | View Filing | |
| form 4 | Form 4 — Millner F. Ann Ed.D. | View Filing | |
| form 4 | Form 4 — Gunderson Thomas J. | View Filing | |
| form 4 | Form 4 — Gunderson Thomas J. | View Filing | |
| form 4 | Form 4 — Gunderson Thomas J. | View Filing | |
| form 4 | Form 4 — Kaiser Laura S. | View Filing | |
| form 4 | Form 4 — Ward Lynne N. | View Filing | |
| form 4 | Form 4 — Evans Stephen C. | View Filing | |
| form 4 | Form 4 — Perez Silvia M. | View Filing | |
| edgar index | S-8 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| form 4 | Form 4 — Smith Christian Adam | View Filing | |
| form 4 | Form 4 — Smith Christian Adam | View Filing | |
| form 4 | Form 4 — Smith Christian Adam | View Filing | |
| form 4 | Form 4 — Smith Christian Adam | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 144 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Lloyd Brian G. | View Filing | |
| form 4 | Form 4 — Ward Lynne N. | View Filing | |
| form 4 | Form 4 — Aronson Martha Goldberg | View Filing | |
| form 4 | Form 4 — Parra Raul Jr. | View Filing | |
| form 4 | Form 4 — Parra Raul Jr. | View Filing | |
| form 4 | Form 4 — Parra Raul Jr. | View Filing | |
| form 4 | Form 4 — Parra Raul Jr. | View Filing | |
| form 4 | Form 4 — Voigt Michel J. | View Filing | |
| form 4 | Form 4 — Voigt Michel J. | View Filing | |
| form 4 | Form 4 — Voigt Michel J. | View Filing | |
| form 4 | Form 4 — Voigt Michel J. | View Filing | |
| form 4 | Form 4 — Voigt Michel J. | View Filing | |
| edgar index | SCHEDULE 13G — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 8-K — MERIT MEDICAL SYSTEMS INC | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 8-K — MERIT MEDICAL SYSTEMS INC | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | SCHEDULE 13G/A — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing | |
| edgar index | 4 — MERIT MEDICAL SYSTEMS INC | View Filing |