Merit Medical Systems MMSI Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 48.7%+1.3pp | 47.4%+1.0pp | 46.4%+1.3pp | 45.1%-0.1pp | |
| Operating margin | 12.2%+0.7pp | 11.5%+1.6pp | 9.9%+2.2pp | 7.6%+1.9pp | |
| Net margin | 8.5%-0.4pp | 8.9%+1.4pp | 7.5%+1.0pp | 6.5%+2.0pp | |
| Returns | |||||
| Return on equity | 8.7%-0.7pp | 9.3%+1.3pp | 8%+1.2pp | 6.8%+2.0pp | |
| Return on invested capital | 7.4%-0.2pp | 7.6%+0.3pp | 7.3%+0.7pp | 6.6%+2.5pp | |
| Efficiency | |||||
| Asset turnover | 0.6×0.0× | 0.6×-0.1× | 0.6×-0.1× | 0.7×0.0× | |
| Liquidity | |||||
| Current ratio | 4.3×+0.1× | 4.3×-1.2× | 5.4×+3.0× | 2.4×+0.4× | |
| Leverage | |||||
| Debt-to-equity | 0.5×-0.1× | 0.6×-0.2× | 0.7×+0.5× | 0.2×-0.1× | |
| Net debt / EBITDA | 1.2×-0.4× | 1.6×+0.2× | 1.4×+0.2× | 1.2×-0.5× | |
| Per Share | |||||
| Book value per share | $26.20+12.8% | $23.24+12.8% | $20.60+3.8% | $19.84+9.5% | |
| Valuation | |||||
| Market capitalization | $5.23B-7.3% | $5.64B+28.4% | $4.39B+9.2% | $4.02B+14.3% | |
| Price / earnings | 40.7×-6.2× | 46.8×+0.3× | 46.5×-7.4× | 53.9×-18.6× | |
| Price / sales | 3.4×-0.7× | 4.2×+0.7× | 3.5×0.0× | 3.5×+0.2× | |
| Price / book | 3.3×-0.8× | 4.1×+0.4× | 3.7×+0.1× | 3.5×+0.1× | |
| EV / EBITDA | 18.2×-5.2× | 23.4×+1.5× | 21.9×-3.0× | 25×-1.0× |
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.