What is Merit Medical Systems's net margin?

Merit Medical Systems (MMSI) reported net margin of 9% in Q1 2026.

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

Merit Medical Systems's net margin increased by 2.6% year-over-year, from 8.8% to 9%.

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

Over 5 years (2020 to 2025), Merit Medical Systems's net margin has grown at a 52.7% compound annual growth rate (CAGR), from -1% to 8.5%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Merit Medical Systems MMSI Net margin

Net margin at other companies

AbbottABT

13.9%-18.0pp

Becton, Dickinson and CompanyBDX

5.3%-2.1pp

TFX

TeleflexTFX

-47.4%-56.2pp

Johnson & JohnsonJNJ

21.8%-2.6pp

StrykerSYK

13.2%+0.9pp

Boston ScientificBSX

17.3%+5.7pp

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%

Enterprise value$4.34B-33.3%

P/E28.8×-21.0×

P/S2.6×-1.8×

Profitability

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Gross margin48.7%+0.9pp

Operating margin12.2%+0.6pp

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.

net income/total revenue=9%

Based on trailing twelve months.

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 margin?: Merit Medical Systems (MMSI) reported net margin of 9% in Q1 2026.
How has Merit Medical Systems's net margin changed year-over-year?: Merit Medical Systems's net margin increased by 2.6% year-over-year, from 8.8% to 9%.
What is the long-term trend for Merit Medical Systems's net margin?: Over 5 years (2020 to 2025), Merit Medical Systems's net margin has grown at a 52.7% compound annual growth rate (CAGR), from -1% to 8.5%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.