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.

Merit Medical Systems MMSI Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	48.7%+0.9pp	48.7%+1.3pp	48.5%+1.6pp	47.9%+1.4pp	47.8%+1.3pp
Operating margin	12.2%+0.6pp	12.2%+0.7pp	11.3%-0.2pp	11.3%-0.3pp	11.6%+1.2pp
Net margin	9%+0.2pp	8.5%-0.4pp	8%-1.0pp	8.3%-0.7pp	8.8%+0.9pp
Returns
Return on equity	9.1%0.0pp	8.7%-0.7pp	8.3%-1.1pp	8.6%-0.8pp	9.2%+0.7pp
Return on invested capital	7.4%-0.2pp	7.4%-0.2pp	7.2%-0.6pp	7.3%-0.8pp	7.6%-0.2pp
Efficiency
Asset turnover	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×-0.1×
Liquidity
Current ratio	5.1×+0.2×	4.3×+0.1×	4.3×-1.1×	4.1×-2.2×	4.9×-1.2×
Leverage
Debt-to-equity	0.5×-0.1×	0.5×-0.1×	0.5×-0.1×	0.6×-0.1×	0.6×-0.1×
Net debt / EBITDA	1.1×-0.5×	1.2×-0.4×	1.5×+0.3×	1.7×+0.8×	1.6×+0.3×
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%
Price / earnings	29.4×-21.5×	40.7×-6.2×	41.6×-6.2×	46.3×+3.7×	50.9×+7.8×
Price / sales	2.7×-1.8×	3.4×-0.7×	3.3×-1.0×	3.8×0.0×	4.5×+1.1×
Price / book	2.5×-1.8×	3.3×-0.8×	3.2×-1.1×	3.7×-0.2×	4.4×+0.8×
EV / EBITDA	14.2×-10.5×	18.2×-5.2×	18.6×-5.5×	21.6×+0.4×	24.7×+4.0×

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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.