Merit Medical Systems Inc (MMSI) financials
Merit Medical Systems revenue and earnings by year
Merit Medical Systems's revenue was $1.52 billion in the fiscal year to December 31, 2025, up 11.8% from the year before. Net income was $128 million, 8.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 10.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.52 | 1.36 | 1.26 | 1.15 | 1.07 | 0.96 | 0.99 | 0.88 | 0.73 | 0.60 |
| Revenue growth | 11.8% | 7.9% | 9.2% | 7.1% | 11.5% | -3.1% | 12.7% | 21.3% | 20.5% | — |
| Gross profit | 0.74 | 0.64 | 0.58 | 0.52 | 0.49 | 0.40 | 0.43 | 0.39 | 0.33 | 0.27 |
| Gross margin | 48.7% | 47.4% | 46.4% | 45.1% | 45.2% | 41.6% | 43.5% | 44.7% | 44.8% | 43.9% |
| Operating income | 0.18 | 0.16 | 0.12 | 0.09 | 0.06 | -0.00 | 0.02 | 0.06 | 0.03 | 0.03 |
| Operating margin | 12.2% | 11.5% | 9.9% | 7.6% | 5.7% | -0.2% | 1.6% | 6.6% | 4.5% | 5.8% |
| Net income | 0.13 | 0.12 | 0.09 | 0.07 | 0.05 | -0.01 | 0.01 | 0.04 | 0.03 | 0.02 |
| Net margin | 8.5% | 8.9% | 7.5% | 6.5% | 4.5% | -1.0% | 0.5% | 4.8% | 3.8% | 3.3% |
| Diluted EPS | $2.13 | $2.03 | $1.62 | $1.29 | $0.84 | -$0.18 | $0.09 | $0.77 | $0.57 | $0.45 |
| Free cash flow | 0.22 | 0.19 | 0.11 | 0.07 | 0.12 | 0.12 | 0.00 | 0.02 | 0.02 | 0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MMSI in Markets.
How Merit Medical Systems makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Foundational Access | $158M | 37.9% |
| Therapeutic | $141M | 33.8% |
| Foundational Original Equipment Manufacturer | $46.3M | 11.1% |
| Foundational Vascular Intervention | $42.4M | 10.2% |
| Foundational Procedural Solutions | $27.2M | 6.5% |
| Product & Service Other | $2.01M | 0.5% |
See also: MMSI valuation and P/E history · MMSI returns
No forecast, no recommendation. This page describes Merit Medical Systems Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.