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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.

66.53 USD
66.28 USD
+0.00 (0.00%)

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
3.97B
Enterprise Value
4.22B
P/E
28.48
P/B
2.44
P/S
2.57
EV / EBITDA
13.5
EV / Sales
2.73
EPS
2.34
Dividend Yield
0%
P/FCF
17.97
P/CF
13.34
Free Cash Flow
220.82M
ROE
8.57%
ROA
5.12%
Debt / Equity
0.45
Current Ratio
5.08
Quick Ratio
3.46
Cash
2.25
Avg Volume
869.69K
Fundamentals Snapshot Price
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