What is Merit Medical Systems's net debt?

Merit Medical Systems (MMSI) reported net debt of $333.48M in Q1 2026.

How has Merit Medical Systems's net debt changed year-over-year?

Merit Medical Systems's net debt decreased by 21.0% year-over-year, from $422.13M to $333.48M.

What is the long-term trend for Merit Medical Systems's net debt?

Over 5 years (2020 to 2025), Merit Medical Systems's net debt has grown at a -0.2% compound annual growth rate (CAGR), from $378.15M to $375.17M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Merit Medical Systems MMSI Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$381.9M+7.5%

Gross profit$184.8M+7.4%

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$4.01B-34.1%

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.

$821.6Mtotal debt−$488.1Mcash and equivalents=$333.48M

The official record: Merit Medical Systems’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Merit Medical Systems's net debt?: Merit Medical Systems (MMSI) reported net debt of $333.48M in Q1 2026.
How has Merit Medical Systems's net debt changed year-over-year?: Merit Medical Systems's net debt decreased by 21.0% year-over-year, from $422.13M to $333.48M.
What is the long-term trend for Merit Medical Systems's net debt?: Over 5 years (2020 to 2025), Merit Medical Systems's net debt has grown at a -0.2% compound annual growth rate (CAGR), from $378.15M to $375.17M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.