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Other financials

Income statement

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Revenue$381.9M+7.5%
Operating income$44.2M+7.6%
Net income$41.0M+36.0%
EPS (diluted)$0.68+38.8%

Balance sheet

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Cash & equivalents$488.1M+23.4%
Total debt$821.6M+0.5%
Total equity$1.6B+13.9%
Total assets$2.7B+10.2%

Cash flow

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Operating cash flow$40.7M+0.3%
CapEx$16.0M-24.0%
Free cash flow$24.7M+26.5%

Valuation

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Market cap$5.24B+5.8%
Enterprise value$5.57B+2.6%
P/E37.6×-4.0×
P/S3.4×-0.1×

Profitability

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Gross margin48.7%+0.9pp
Operating margin12.2%+0.6pp
Net margin9%+0.2pp
FCF margin14.3%+1.3pp

Returns & leverage

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Return on equity9.1%0.0pp
Debt / equity0.5×-0.1×
Current ratio5.1×+0.2×

Where this comes from

Calculated from Merit Medical Systems’s reported figures.

The source filing: Merit Medical Systems’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000856982-26-000025
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Net sales$381,877$355,351
Cost of sales197,080183,331
Gross profit184,797172,020
Operating expenses:
Selling, general and administrative118,210107,486
Research and development22,60922,478
Contingent consideration (benefit) expense(179)1,023
Total operating expenses140,640130,987

Item 1. Financial Statements (Unaudited)

FAQ

What is Merit Medical Systems's gross profit?
Merit Medical Systems (MMSI) reported gross profit of $184.8M in Q1 2026.
How has Merit Medical Systems's gross profit changed year-over-year?
Merit Medical Systems's gross profit increased by 7.4% year-over-year, from $172.02M to $184.8M.
What is the long-term trend for Merit Medical Systems's gross profit?
Over 4 years (2021 to 2025), Merit Medical Systems's gross profit has grown at a 11.1% compound annual growth rate (CAGR), from $485.33M to $738.27M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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