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Merit Medical Systems MMSI Q3 2025 earnings

Reported October 30, 2025 · After market close

Revenue$384.2MMiss by $4.1M
EPS$0.92Beat by $0.10
Revenue estimate$388.3M
EPS estimate$0.82

Next report

Jul 30, 2026 (Today)
Revenue estimate$405.2M
EPS estimate$0.96

Financials

Q3 2025

Income statement

See full
Revenue$384.2M+13.0%
Gross profit$186.4M+18.3%
Operating income$42.6M+14.4%
Net income$27.8M-2.4%
EPS (diluted)$0.46-4.2%

Balance sheet

See full
Cash & equivalents$392.5M-25.0%
Total debt$821.2M+0.2%
Total equity$1.5B+15.6%
Total assets$2.6B+10.6%

Cash flow

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Operating cash flow$75.0M+58.4%
CapEx$22.4M+140%
Free cash flow$52.5M+38.4%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$4.93B-14.2%
Enterprise value$5.36B-11.3%
P/E41.6×-6.2×
P/S3.3×-1.0×

Profitability

See full
Gross margin48.5%+1.6pp
Operating margin11.3%-0.2pp
Net margin8%-1.0pp
FCF margin14%+0.8pp

Returns & leverage

See full
Return on equity8.3%-1.1pp
Debt / equity0.5×-0.1×
Current ratio4.3×-1.1×

Versus estimates

Revenue

Q1 2026$381.9MBeat by $4.3MQ4 2025$393.9MBeat by $4.0M
Q3 2025$384.2MMiss by $4.1M
Q2 2025$382.5MBeat by $11.0MQ1 2025$355.4MBeat by $2.8MQ4 2024$355.2MBeat by $3.6M

Diluted EPS

Q1 2026$0.94Beat by $0.10Q4 2025$1.04Beat by $0.08
Q3 2025$0.92Beat by $0.10
Q2 2025$1.01Beat by $0.15Q1 2025$0.86Beat by $0.11Q4 2024$0.93Beat by $0.11

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Questions, answered.

When did Merit Medical Systems report Q3 2025 earnings?
Merit Medical Systems (MMSI) reported Q3 2025 earnings on October 30, 2025 after market close.
What were Merit Medical Systems's Q3 2025 revenue and EPS?
Merit Medical Systems reported revenue of $384.2M and eps of $0.92 for Q3 2025.
Did Merit Medical Systems beat estimates in Q3 2025?
Revenue missed the consensus estimate of $388.3M by $4.1M. EPS beat the consensus estimate of $0.82 by $0.10.
How did Merit Medical Systems's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 13.0% from $339.8M a year earlier and eps grew 7.0% from $0.86.
Where can I find Merit Medical Systems's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000856982-25-000056) directly on SEC EDGAR. The filing index links above go to sec.gov.