Merit Medical Systems, Inc.

Merit Medical Systems, Inc.

87.23
USD
-2.39
(-2.67%)
2.66EPS
32.09P/E
5.17BMarket Cap
Feb 24Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
10.54
11.81
12.31
13.6
14.91
16.89
18.06
17.39
19.14
20.26
21.83
23.3
25.62
27.04
Basic EPS, GAAP
0.39
0.53
0.54
0.45
0.56
0.8
0.1
-0.18
0.86
1.31
1.64
2.07
2.17
2.69
Free Cash Flow per Basic Share
1.21
1.24
1.58
1.21
1.29
1.66
1.41
2.98
2.62
2.01
2.52
3.79
5.03
4.59
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
9.47
9.98
10.53
11.16
13.46
16.99
17.21
17.23
18.38
19.97
20.78
23.48
26.66
29.13
Tangible Book Value per Share
2.36
3.22
3.89
2.32
4.2
2.45
2.74
4.08
6.34
8.88
8.54
7.11
9.08
10.29
Basic Weighted Avg Shares
43
43
44
44
49
52
55
55
56
57
58
58
59
60
Sales/Revenue/Turnover
449
510
542
604
728
883
995
964
1,075
1,151
1,257
1,357
1,516
1,611
Operating Margin (%)
7.09
7.98
7.12
5.86
6.28
6.71
3.97
4.76
7.29
8.78
10.14
11.51
12.25
13.49
Depreciation Expense
33
36
37
44
54
70
104
107
96
92
101
115
135
136
Net Income, GAAP
17
23
24
20
28
42
5
-10
48
75
94
120
128
160
Effective Tax Rate (%)
16.48
27.23
23.71
20.74
23.29
15.15
- -
- -
10.13
9.82
15.77
19.76
24.83
24.37
Profit Margin (%)
3.69
4.51
4.39
3.33
3.78
4.76
0.55
-1.02
4.51
6.47
7.51
8.87
8.48
9.94
Working Capital
100
117
116
155
201
254
273
245
246
308
905
707
800
934
LT Debt
239
214
198
314
259
373
505
415
296
246
879
784
811
812
Total Equity
406
435
466
498
676
933
950
959
1,040
1,144
1,202
1,379
1,584
1,745
Return on Invested Capital (%)
3.63
4.42
4.27
3.68
2.85
4.36
- -
- -
3.99
5.72
5.96
5.87
6.07
6.69
Return on Capital (%)
3.66
4.47
4.28
3.62
3.76
4.45
- -
- -
3.87
5.8
6.13
6.81
6.48
7.51
Return on Common Equity (%)
4.21
5.46
5.28
4.17
4.69
5.22
0.58
-1.03
4.85
6.82
8.05
9.33
8.67
9.78

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
11
11
10
LT Borrowings
735
736
737
LT Finance Leases
75
73
74
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
4,112
4,140
5,165

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
1,102
1,112
1,199
Cash, Cash Equivalents & STI
488
449
504
Accounts Receivable, Net
206
224
222
Inventories
352
374
391
Total Current Liabilities
217
265
265
Payables & Accruals
206
254
255
ST Debt
11
11
10
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.65%
10.64%
14.86%
Free Cash Flow
21.5%
16.1%
34.68%
Net Income, GAAP
-77.12%
-95.51%
6.76%
Sales/Revenue/Turnover
11.03%
9.49%
11.75%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
324
338
340
355
1,357
2025
355
382
384
394
1,516
2026
382
419
416
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
0.61
0.49
0.48
2.07
2025
0.51
0.55
0.47
0.64
2.17
2026
0.69
0.65
0.71
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Martha Goldberg Aronson
Full Time Employees
7,500
Sector
Health technology
Industry
Medical specialties
Address
1600 West Merit Parkway South Jordan UT United States 84095
IPO Date
Sep 16, 1954
Website
merit.com
Business
Merit Medical Systems, Inc. is a leading worldwide designer, developer, manufacturer, and marketer of proprietary disposable medical devices used in interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy. Founded in 1987 and headquartered in South Jordan, Utah, the company operates in two primary segments, Cardiovascular and Endoscopy, offering a broad portfolio of products including micropuncture kits, angiographic needles, sheaths, guidewires, safety devices, inflation devices for angioplasty and stent placement, diagnostic and therapeutic catheters, thrombolytic catheters, fluid dispensing systems, angiography accessories, hemostatic solutions, and procedural kits for peripheral intervention, spine, and oncology applications; it serves hospitals, physicians, and clinicians globally with approximately 7,000 employees and manufacturing facilities worldwide. In May 2025, Merit acquired Biolife Delaware, L.L.C. for approximately $120 million in cash and assumed liabilities, adding the patented StatSeal and WoundSeal hemostatic products that address a $350 million global market opportunity and are projected to contribute $18 million in annual revenue starting in fiscal 2026; earlier transactions include the November 2024 acquisition of assets from Cook Medical Holdings LLC and the July 2024 acquisition of EndoGastric Solutions, Inc., alongside a signed asset purchase agreement in October 2025 for the C2 CryoBalloon from PENTAX Medical to expand its gastroenterology portfolio.

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