Merit Medical Systems Inc

Merit Medical Systems Inc

MMSI · NASDAQ · Healthcare / Medical Instruments & Supplies

86.63USD-0.06 (-0.07%)

Price History

Full chart

Market Stats

Previous Close86.69
Open86.95
Day Range85.97 – 87.37
52-Week Range59.74 – 94.75
Volume421.80K
Market Cap5.19B
P/E (TTM)35.95
Forward P/E18.94
EPS2.42
Dividend Yield0.00%
Beta0.49
50-Day Avg86.29
200-Day Avg76.73

About

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.

Company Details

  • SectorHealthcare
  • IndustryMedical Instruments & Supplies
  • CEOMs. Martha Goldberg Aronson
  • Employees7.50K
  • Headquarters1600 West Merit Parkway, South Jordan, UT, United States, 84095, USA
  • Websitehttps://www.merit.com

Leadership

  • Ms. Martha Goldberg AronsonPresident, CEO & Director · b. 1967
  • Mr. Raul Parra Jr., CPACFO & Treasurer · b. 1979
  • Mr. Brian G. Lloyd J.D.Chief Legal Officer & Corporate Secretary · b. 1961
  • Mr. Michel J. VoigtChief Human Resources Officer · b. 1973
  • Mr. Neil W. PetersonSenior Advisor · b. 1966
  • Mr. Jason TreftChief Information Officer
  • Ms. Sarah ComstockVice President of Global Communications
  • Mr. John KnorppChief Regulatory Affairs Officer
  • Mr. Ricardo AlvarezManaging Director of Operation Merit Medical Tijuana
  • Mr. Mark ButlerExecutive Vice President of Merit Medical EMEA

Financials

Income Statement

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.40M4.40M10.50M18.40M25.40M33.30M42.60M50.50M60.60M68.40M78.00M91.45M104.04M116.23M135.95M151.40M166.59M190.67M207.77M227.14M257.46M296.75M359.45M394.29M449.05M509.69M542.15M603.84M727.85M882.75M994.85M963.88M1.07B1.15B1.26B1.36B1.51B
Growth (%)-+214.29%+138.64%+75.24%+38.04%+31.10%+27.93%+18.54%+20.00%+12.87%+14.04%+17.24%+13.77%+11.72%+16.97%+11.36%+10.03%+14.46%+8.97%+9.33%+13.35%+15.26%+21.13%+9.69%+13.89%+13.50%+6.37%+11.38%+20.54%+21.28%+12.70%-3.11%+11.50%+7.09%+9.24%+7.89%+11.66%
Cost of Revenue1.70M2.00M3.80M7.60M12.30M17.40M23.30M26.90M35.10M39.60M44.30M56.50M65.94M67.71M75.23M83.91M97.49M117.60M127.98M133.87M148.66M168.26M193.98M212.30M254.68M284.47M306.37M338.81M401.60M487.98M562.49M562.70M589.42M631.88M673.49M713.18M777.79M
Gross Profit-300.00K2.40M6.70M10.80M13.10M15.90M19.30M23.60M25.50M28.80M33.70M34.94M38.10M48.52M60.72M67.49M69.09M73.08M79.79M93.27M108.80M128.50M165.47M181.99M194.37M225.22M235.78M265.02M326.25M394.77M432.37M401.18M485.33M519.10M583.87M643.33M736.94M
Gross Margin-21.43%54.55%63.81%58.70%51.57%47.75%45.31%46.73%42.08%42.11%43.21%38.21%36.62%41.74%44.67%44.58%41.48%38.33%38.40%41.06%42.26%43.30%46.03%46.16%43.28%44.19%43.49%43.89%44.82%44.72%43.46%41.62%45.16%45.10%46.44%47.43%48.65%
Operating Expense100.00K2.30M5.20M9.10M10.50M13.90M16.80M19.20M22.80M23.50M27.60M31.48M28.16M31.74M35.09M40.15M45.57M54.07M56.82M62.29M75.95M111.29M132.28M152.35M166.52M185.06M198.24M230.15M293.18M336.15M416.93M402.74M424.42M431.54M459.93M487.64M552.57M
Operating Income-400.00K100.00K1.50M1.70M2.60M2.00M2.50M4.40M2.70M5.30M6.10M3.46M9.94M16.78M25.63M27.34M23.52M19.01M22.97M30.98M32.85M17.20M33.19M29.64M27.84M40.17M37.54M34.88M33.07M58.62M15.43M-1.56M60.92M87.56M123.94M155.69M184.38M
Operating Margin-28.57%2.27%14.29%9.24%10.24%6.01%5.87%8.71%4.46%7.75%7.82%3.78%9.55%14.43%18.85%18.06%14.12%9.97%11.06%13.64%12.76%5.80%9.23%7.52%6.20%7.88%6.92%5.78%4.54%6.64%1.55%-0.16%5.67%7.61%9.86%11.48%12.17%
EBITDA-300.00K300.00K2.00M2.80M4.00M3.60M4.20M6.80M5.40M8.10M9.70M7.78M14.50M21.16M30.37M27.34M23.52M19.01M32.41M42.10M45.39M32.24M52.93M50.76M60.42M76.33M74.85M78.66M97.29M129.43M119.25M103.58M154.96M181.17M228.89M273.97M332.05M
EBITDA Margin-21.43%6.82%19.05%15.22%15.75%10.81%9.86%13.47%8.91%11.84%12.44%8.51%13.94%18.20%22.34%18.06%14.12%9.97%15.60%18.54%17.63%10.86%14.73%12.87%13.46%14.98%13.81%13.03%13.37%14.66%11.99%10.75%14.42%15.74%18.20%20.20%21.92%
Net Income-400.00K100.00K1.30M1.20M1.80M1.30M1.20M2.20M800.00K2.50M3.20M826.56K6.74M11.31M17.30M17.93M15.78M12.30M15.59M20.73M22.53M12.46M23.04M19.71M16.57M22.97M23.80M20.12M27.52M42.02M5.45M-9.84M48.45M74.52M94.41M120.36M128.49M
Net Income Margin-28.57%2.27%12.38%6.52%7.09%3.90%2.82%4.36%1.32%3.65%4.10%0.90%6.47%9.73%12.72%11.84%9.47%6.45%7.50%9.13%8.75%4.20%6.41%5.00%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%
R&D-----2.10M2.30M2.50M4.40M3.20M3.60M3.86M4.12M4.01M4.63M5.08M6.99M8.58M8.69M9.16M11.17M15.34M21.94M27.80M33.89M36.63M40.81M45.23M51.40M59.53M65.61M57.54M71.25M75.51M82.73M83.81M97.35M
R&D as % of Total Revenue-----6.31%5.40%4.95%7.26%4.68%4.62%4.23%3.96%3.45%3.40%3.35%4.20%4.50%4.18%4.03%4.34%5.17%6.10%7.05%7.55%7.19%7.53%7.49%7.06%6.74%6.60%5.97%6.63%6.56%6.58%6.18%6.43%
Interest Expense00000000000000010.00K10.00K10.00K10.00K17.00K28.00K596.00K789.00K604.00K8.04M8.83M6.23M8.80M7.74M10.36M12.70M9.99M5.26M6.34M15.51M31.22M26.46M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.00%0.01%0.01%0.20%0.22%0.15%1.79%1.73%1.15%1.46%1.06%1.17%1.28%1.04%0.49%0.55%1.23%2.30%1.75%

Balance Sheet

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.60M3.70M9.40M16.40M20.50M27.00M34.50M41.70M45.30M50.70M72.40M71.45M66.66M78.31M107.30M139.88M162.25M182.67M200.42M231.78M271.51M369.93M447.02M705.31M728.28M747.16M778.73M942.80M1.11B1.62B1.76B1.66B1.65B1.66B2.33B2.42B2.69B
Total Liabilities600.00K700.00K2.10M3.10M4.80M9.40M15.00M18.80M19.10M21.10M39.70M36.67M19.00M14.91M19.06M28.82M29.76M31.46M36.05M37.47M52.70M133.87M89.93M323.73M322.58M311.91M312.63M444.61M435.48M687.24M807.38M705.82M608.50M519.57M1.12B1.04B1.10B
Total Equity1.00M3.00M7.30M13.30M15.70M17.50M19.30M22.50M25.80M29.10M32.70M34.77M47.66M63.40M88.24M111.05M132.48M151.21M164.37M194.31M218.81M236.07M357.09M381.58M405.71M435.26M466.10M498.19M676.33M932.77M949.94M958.58M1.04B1.14B1.20B1.38B1.58B
Cash-600.00K500.00K1.60M900.00K200.00K300.00K1.30M1.00M900.00K700.00K412.38K341.69K9.68M30.20M33.04M4.64M9.84M17.57M34.03M6.13M3.73M10.13M9.72M7.46M7.36M4.18M19.17M32.34M67.36M44.32M56.92M67.75M58.41M587.04M376.71M448.50M
Total Debt200.00K-100.00K1.00M2.30M4.60M8.40M10.70M10.30M12.80M33.50M25.10M6.33M416.88K16.69K12.00K4.00K205.00K420.00K368.00K7.00M81.54M30.74M237.57M248.85M224.49M207.59M324.37M278.47M395.15M535.30M447.97M325.70M279.75M891.36M794.66M898.23M
Net Debt200.00K-600.00K-400.00K-600.00K1.40M4.40M8.10M9.40M9.30M11.90M32.80M24.69M5.98M-9.27M-30.19M-33.02M-4.64M-9.63M-17.15M-33.66M867.00K77.80M20.61M227.85M241.40M217.13M203.42M305.20M246.14M327.79M490.98M391.05M257.95M221.35M304.32M417.95M449.73M

Cash Flow

Currency: USD1991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow300.00K-800.00K1.20M400.00K-1.80M3.40M1.70M1.70M300.00K7.13M18.37M21.36M24.84M30.02M11.09M19.11M32.12M27.97M30.07M34.76M34.02M46.94M51.37M53.33M69.46M53.60M62.73M86.53M77.81M165.27M147.23M114.29M145.15M220.80M297.37M
Investing Cash Flow-3.30M-2.80M-3.50M-4.00M-700.00K-3.20M-1.60M-4.10M-16.30M-4.36M-3.40M-8.05M-7.70M-29.14M-43.77M-19.19M-21.76M-19.98M-65.79M-112.83M-74.02M-255.57M-68.61M-36.20M-62.02M-159.11M-146.76M-378.82M-134.48M-58.65M-37.16M-57.40M-175.35M-368.65M-247.39M
Financing Cash Flow2.90M4.70M1.50M2.90M2.60M800.00K100.00K2.10M16.40M-2.87M-14.99M-4.16M3.20M1.80M4.35M5.20M-2.85M8.25M7.82M76.12M46.70M208.29M14.77M-16.97M-10.23M121.09M96.52M328.28M33.53M-95.71M-98.44M-60.26M559.27M-60.01M16.00M
Capital Expenditure2.60M2.00M1.40M3.50M2.50M2.70M1.10M4.20M16.30M4.69M4.09M7.95M8.17M27.91M40.74M15.00M16.74M14.91M19.67M24.73M61.27M66.10M61.12M35.90M52.91M35.05M41.20M66.34M81.50M49.28M27.94M45.03M36.70M38.04M84.84M
Free Cash Flow-2.30M-2.80M-200.00K-3.10M-4.30M700.00K600.00K-2.50M-16.00M2.44M14.28M13.40M16.67M2.10M-29.65M4.11M15.38M13.06M10.40M10.03M-27.26M-19.16M-9.75M17.43M16.54M18.55M21.53M20.20M-3.68M115.99M119.29M69.26M108.45M182.76M212.53M
Dividends Paid------------------19.00M-104.58M0000000-866.00K576.00K2.47M---
FCF to OCF-766.67%350.00%-16.67%-775.00%238.89%20.59%35.29%-147.06%-5333.33%34.20%77.73%62.75%67.12%7.00%-267.23%21.50%47.89%46.69%34.59%28.85%-80.13%-40.83%-18.98%32.69%23.82%34.60%34.32%23.34%-4.73%70.18%81.02%60.60%74.72%82.77%71.47%
Dividend Paid to FCF------------------182.67%--383.70%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.75%0.48%3.57%---

Earnings

Report DateJul 18, 1994Oct 24, 1994Feb 17, 1995May 2, 1995Jul 27, 1995Oct 17, 1995Feb 15, 1996Apr 17, 1996Jul 25, 1996Oct 22, 1996Feb 6, 1997Apr 30, 1997Jul 22, 1997Oct 27, 1997Feb 19, 1998Apr 22, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jun 30, 1999Oct 20, 1999Feb 16, 2000Apr 27, 2000Jul 20, 2000Oct 24, 2000Feb 21, 2001Apr 18, 2001Jul 19, 2001Oct 17, 2001Feb 14, 2002Apr 18, 2002Jul 18, 2002Oct 17, 2002Feb 19, 2003Apr 21, 2003Jul 23, 2003Oct 22, 2003Feb 19, 2004Apr 20, 2004Jul 22, 2004Oct 26, 2004Mar 8, 2005Apr 21, 2005Jul 26, 2005Oct 27, 2005Feb 28, 2006Apr 27, 2006Jul 27, 2006Oct 26, 2006Feb 28, 2007May 2, 2007Jul 26, 2007Oct 25, 2007Feb 14, 2008Apr 24, 2008Jul 23, 2008Oct 23, 2008Feb 5, 2009Apr 28, 2009Jul 28, 2009Oct 27, 2009Feb 18, 2010Apr 29, 2010Jul 28, 2010Nov 4, 2010Feb 17, 2011Apr 14, 2011Jul 21, 2011Oct 25, 2011Feb 23, 2012Apr 24, 2012Jul 26, 2012Oct 25, 2012Feb 21, 2013Apr 25, 2013Jul 31, 2013Oct 23, 2013Feb 24, 2014Apr 24, 2014Jul 29, 2014Oct 23, 2014Feb 24, 2015Apr 23, 2015Jul 23, 2015Oct 22, 2015Feb 22, 2016Apr 28, 2016Jul 27, 2016Oct 26, 2016Feb 21, 2017Apr 27, 2017Jul 26, 2017Oct 25, 2017Feb 28, 2018Apr 25, 2018Jul 23, 2018Oct 25, 2018Feb 26, 2019Apr 23, 2019Jul 25, 2019Oct 30, 2019Feb 24, 2020Apr 23, 2020Jul 29, 2020Oct 28, 2020Feb 24, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Feb 24, 2022Apr 27, 2022Jul 27, 2022Oct 26, 2022Feb 22, 2023Apr 26, 2023Jul 25, 2023Oct 26, 2023Feb 28, 2024Apr 30, 2024Aug 1, 2024Oct 30, 2024Feb 26, 2025Apr 24, 2025Jul 30, 2025Oct 30, 2025Feb 24, 2026Apr 30, 2026Jul 30, 2026Oct 29, 2026
EPS Estimate0.030.020.010.030.020.010.010.010.020.030.030.020.020.010.010.01-----0.030.030.01-0.010.020.040.040.050.050.060.070.050.080.100.100.130.130.150.140.110.120.120.130.100.100.070.080.080.100.090.110.110.130.120.150.140.160.130.150.150.170.150.150.180.160.160.190.160.190.130.160.160.190.140.130.130.190.130.170.160.210.150.200.220.220.170.240.230.280.230.290.300.320.290.400.420.450.360.500.450.340.260.070.200.430.360.450.440.520.470.580.530.670.550.760.650.770.720.870.800.830.750.850.830.950.830.850.93
EPS Actual0.030.02-0.010.000.010.020.020.020.020.030.020.010.010.010.010.020.020.030.030.020.030.030.04-0.010.000.010.020.040.050.060.060.070.080.100.090.100.130.140.140.120.140.120.130.130.140.100.100.070.100.100.100.080.100.120.140.120.170.160.160.150.170.170.140.130.180.150.180.190.180.130.180.140.210.200.150.100.150.250.220.120.150.250.260.180.250.200.240.190.260.260.310.280.360.320.330.310.430.470.480.370.420.280.400.380.310.420.540.520.620.520.710.530.730.640.790.640.810.750.810.770.920.860.930.861.010.921.040.941.09-
Surprise0.00%0.00%-200.00%-100.00%-50.00%100.00%100.00%100.00%0.00%0.00%-33.33%-50.00%-50.00%0.00%0.00%100.00%-----0.00%33.33%-200.00%-0.00%0.00%0.00%25.00%20.00%20.00%16.67%14.29%100.00%12.50%0.00%30.00%7.69%7.69%-20.00%0.00%9.09%8.33%8.33%7.69%0.00%0.00%0.00%25.00%25.00%0.00%-11.11%-9.09%9.09%7.69%0.00%13.33%14.29%0.00%15.38%13.33%13.33%-17.65%-13.33%20.00%-16.67%12.50%18.75%-5.26%-18.75%-5.26%7.69%31.25%25.00%-21.05%-28.57%15.38%92.31%15.79%-7.69%-11.76%56.25%23.81%20.00%25.00%-9.09%9.09%11.76%8.33%13.04%10.71%21.74%24.14%6.67%3.13%6.90%7.50%11.90%6.67%2.78%-16.00%-37.78%17.65%46.15%342.86%110.00%25.58%44.44%37.78%18.18%36.54%12.77%25.86%20.75%17.91%16.36%6.58%15.38%5.19%6.94%5.75%7.50%12.05%14.67%18.82%10.84%9.50%13.25%28.24%-
Timing-------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-market-------------------Pre-marketPre-marketPre-market-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap5.19B
Enterprise Value5.58B
Trailing P/E35.95
Forward P/E18.94
PEG Ratio1.58
Price / Sales3.29
Price / Book3.10
EPS2.42
Book Value28.13
Revenue (TTM)1.58B
Gross Profit (TTM)781.73M
EBITDA338.94M
Profit Margin9.22%
Operating Margin14.46%
Return on Equity9.19%
Return on Assets4.92%
Shares Outstanding59.71M
Shares Float58.30M
Beta0.49
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 10 analystsTarget 101.45
  • Strong Buy
    4
  • Buy
    5
  • Hold
    1

Ownership Breakdown

Institutions
108.26%
Insiders
2.45%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    8.83M14.80%
  • Vanguard Portfolio Management, LLC
    3.52M5.90%
  • Vanguard Capital Management, LLC
    2.66M4.45%
  • State Street Corp
    2.36M3.95%
  • Fuller & Thaler Asset Management Inc
    2.12M3.54%
  • Conestoga Capital Advisors, LLC
    1.98M3.32%
  • Geode Capital Management, LLC
    1.51M2.53%
  • Dimensional Fund Advisors, Inc.
    1.46M2.44%
  • Morgan Stanley - Brokerage Accounts
    1.26M2.11%
  • Delaware Management Holdings Inc
    1.20M2.01%
  • Congress Asset Management Company, LLP
    1.18M1.98%
  • William Blair Investment Management, LLC
    1.14M1.91%
  • Greenhouse Funds LLLP
    1.07M1.80%
  • Citigroup Inc
    1.06M1.78%
  • FMR Inc
    1.00M1.68%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    3.64M6.09%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.81M3.03%
  • FullerThaler Behavioral Sm-Cp Eq R6
    1.54M2.59%
  • iShares Russell 2000 ETF
    1.53M2.57%
  • Vanguard Small Cap Index
    1.30M2.18%

Stock Splits

  • May 6, 20115:4
  • Dec 3, 20034:3
  • Aug 15, 20034:3
  • Apr 12, 20025:4
  • Aug 28, 20015:4
  • Jul 16, 19913:2