Skip to content
OpenCapital
Get started

Merit Medical Systems MMSI Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin48.7%+0.9pp48.7%+1.3pp48.5%+1.6pp47.9%+1.4pp47.8%+1.3pp
Operating margin12.2%+0.6pp12.2%+0.7pp11.3%-0.2pp11.3%-0.3pp11.6%+1.2pp
Net margin9%+0.2pp8.5%-0.4pp8%-1.0pp8.3%-0.7pp8.8%+0.9pp
EBITDA margin20.2%+0.9pp20.3%+1.3pp19.5%+0.6pp19.3%+0.4pp19.4%+1.7pp
Free cash flow margin14.3%+1.3pp14.2%+0.5pp14%+0.8pp13.4%-0.4pp13%+2.6pp
Returns
Return on equity9.1%0.0pp8.7%-0.7pp8.3%-1.1pp8.6%-0.8pp9.2%+0.7pp
Return on assets5.4%+0.3pp5%0.0pp4.7%-1.0pp4.8%-0.8pp5.1%0.0pp
Return on invested capital7.4%-0.2pp7.4%-0.2pp7.2%-0.6pp7.3%-0.8pp7.6%-0.2pp
Efficiency
Asset turnover0.6×0.0×0.6×0.0×0.6×0.0×0.6×0.0×0.6×-0.1×
Inventory turnover2.4×0.0×2.4×+0.1×2.4×+0.1×2.4×+0.1×2.3×0.0×
Liquidity
Current ratio5.1×+0.2×4.3×+0.1×4.3×-1.1×4.1×-2.2×4.9×-1.2×
Quick ratio3.5×+0.2×2.9×+0.1×2.9×-1.0×2.7×-2.0×3.3×-1.1×
Cash ratio2.3×+0.2×1.9×+0.1×1.7×-0.9×1.5×-1.9×2×-1.2×
Leverage
Debt-to-equity0.5×-0.1×0.5×-0.1×0.5×-0.1×0.6×-0.1×0.6×-0.1×
Debt-to-assets0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Net debt / EBITDA1.1×-0.5×1.2×-0.4×1.5×+0.3×1.7×+0.8×1.6×+0.3×
Interest coverage7.1×+1.7×7×+2.0×5.9×+0.5×5.6×-0.3×5.4×-0.8×
Per Share
Book value per share$27.11+16.3%$26.20+12.8%$25.52+14.8%$24.55+12.5%$23.31+10.1%
Valuation
Market capitalization$4.1B-34.1%$5.23B-7.3%$4.93B-14.2%$5.51B+10.3%$6.22B+41.7%
Enterprise value$4.43B-33.3%$5.6B-7.5%$5.36B-11.3%$5.99B+14.5%$6.64B+41.9%
Price / earnings29.4×-21.5×40.7×-6.2×41.6×-6.2×46.3×+3.7×50.9×+7.8×
Price / sales2.7×-1.8×3.4×-0.7×3.3×-1.0×3.8×0.0×4.5×+1.1×
Price / book2.5×-1.8×3.3×-0.8×3.2×-1.1×3.7×-0.2×4.4×+0.8×
EV / EBITDA14.2×-10.5×18.2×-5.2×18.6×-5.5×21.6×+0.4×24.7×+4.0×
EV / sales2.9×-1.9×3.7×-0.8×3.6×-0.9×4.2×+0.2×4.8×+1.1×
Free cash flow yield5.4%+2.5pp4.1%+0.8pp4.2%+1.1pp3.5%-0.1pp2.9%-0.1pp
Earnings yield3.4%+1.4pp2.5%+0.3pp2.4%+0.3pp2.2%-0.2pp2%-0.4pp
PEG ratio2.1×-0.4×6×+4.3×——32.2×+30.8×2.6×+0.4×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

What are Merit Medical Systems's profit margins?
Merit Medical Systems (MMSI) runs a 48.7% gross margin and a 12.2% operating margin, with a 9.0% net margin.
Where do Merit Medical Systems's ratios come from?
Every ratio is computed from Merit Medical Systems's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.