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Buy Day today: Neutral (53) Mixed market breadth · no major macro event

Merit Medical Systems Inc (MMSI)

Healthcare Medical Instruments & Supplies
85.00 $
Closing price · As of: 31. Jul 2026
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Basics

Market Cap
5.0$B
Shares Outstanding
60Mio.
Float
97.5%
Beta
0.5

Performance

Perf. 1M
9.90%
Perf. 3M
2.00%
Perf. 6M
-19.80%
YTD Performance (%)
-23.70%
52-Week-High Distance
-26.8%

Valuation

P/E
37.1
Forward P/E
18.1
PEG
1.5
P/B
3.2
P/S
3.2
EV/EBITDA
13.1
Price/FCF
24.4

Profitability

Gross Margin
48.7%
EBIT Margin
11.5%
Net Margin
9.0%
Return on Equity
9.1%
Return on Assets
4.7%

Balance Sheet & Safety

Equity Ratio
59.8%
Debt/Equity
0.5
fortress balance sheet
Altman Z″
8.51
Piotroski
7 out of 9

Growth

Sales Growth Last Quarter
7.50%
EPS Growth Last Quarter
38.80%
Sales Growth (Year)
11.66%
Forward Sales Growth
6.06%
Forward EPS Growth
8.00%

Quality & Screener

Stage
4
RS Rating
19
EPS Rating
74
Piotroski
7 out of 9
Fundamental Rating
B (60 out of 100)
fortress balance sheet
Altman Z″
8.51

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Sales Per Quarter ($M)
2024: Q4 · 355.2 $M Q4 2025: Q1 · 354.3 $M Q1 2025: Q2 · 382.0 $M Q2 2025: Q3 · 384.3 $M Q3 2025: Q4 · 394.2 $M Q4 2026: Q1 · 382.4 $M Q1 2026: Q2 · 418.8 $M Q2
Earnings Per Share Per Quarter ($)
2024: Q4 · 0.46 $ Q4 2025: Q1 · 0.49 $ Q1 2025: Q2 · 0.54 $ Q2 2025: Q3 · 0.46 $ Q3 2025: Q4 · 0.63 $ Q4 2026: Q1 · 0.68 $ Q1 2026: Q2 · 0.65 $ Q2
Net Margin Per Quarter (%)
2024: Q4 · 7.9 % Q4 2025: Q1 · 8.5 % Q1 2025: Q2 · 8.5 % Q2 2025: Q3 · 7.2 % Q3 2025: Q4 · 9.6 % Q4 2026: Q1 · 10.7 % Q1 2026: Q2 · 9.3 % Q2
Operating Cash Flow Per Quarter ($M)
2024: Q4 · 68.7 $M Q4 2025: Q1 · 40.6 $M Q1 2025: Q2 · 83.3 $M Q2 2025: Q3 · 75.0 $M Q3 2025: Q4 · 98.5 $M Q4 2026: Q1 · 40.7 $M Q1 2026: Q2 · 69.3 $M Q2
Free Cash Flow Per Quarter ($M)
2024: Q4 · 64.5 $M Q4 2025: Q1 · 19.1 $M Q1 2025: Q2 · 104.8 $M Q2 2025: Q3 · 51.5 $M Q3 2025: Q4 · 77.0 $M Q4 2026: Q1 · 24.7 $M Q1 2026: Q2 · 52.0 $M Q2
Sales Growth vs. Year-Ago Quarter (%)
2024: Q4 · 9.9 % Q4 2025: Q1 · 9.5 % Q1 2025: Q2 · 13.0 % Q2 2025: Q3 · 13.1 % Q3 2025: Q4 · 11.0 % Q4 2026: Q1 · 7.9 % Q1 2026: Q2 · 9.6 % Q2
EPS Growth vs. Year-Ago Quarter (%)
2024: Q4 · -2.6 % Q4 2025: Q1 · 2.0 % Q1 2025: Q2 · -11.6 % Q2 2025: Q3 · -3.0 % Q3 2025: Q4 · 37.3 % Q4 2026: Q1 · 38.9 % Q1 2026: Q2 · 20.4 % Q2
Price Change in Quarter (%)
2024: Q4 · -2.1 % Q4 2025: Q1 · 9.3 % Q1 2025: Q2 · -11.6 % Q2 2025: Q3 · -11.0 % Q3 2025: Q4 · 5.9 % Q4 2026: Q1 · -21.8 % Q1

Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 0.46 -2.60 355 9.90 7.90 69 65
2025: Q1 0.49 2.00 354 9.50 8.50 41 19
2025: Q2 0.54 -11.60 382 13.00 8.50 83 105
2025: Q3 0.46 -3.00 384 13.10 7.20 75 52
2025: Q4 0.63 37.30 394 11.00 9.60 99 77
2026: Q1 0.68 38.90 382 7.90 10.70 41 25
2026: Q2 0.65 20.40 419 9.60 9.30 69 52
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

About the Company

Merit Medical Systems, Inc. entwirft, entwickelt, fertigt und vermarktet Einweg-Medizinprodukte für interventionelle, diagnostische und therapeutische Verfahren in den USA, China, Japan, Deutschland, Frankreich, dem Vereinigten Königreich und international.

Employees7,500
HeadquartersSouth Jordan, UT
Websitemerit.com
IPO Date9. Aug 1990
Next Earnings29. Jul 2026

Management

Management
Name Title Birth Year
Martha Goldberg Aronson President, CEO & Director 1967
Raul Parra Jr., CPA CFO & Treasurer 1979
Neil W. Peterson Chief Operating Officer 1967
Brian G. Lloyd J.D. Chief Legal Officer & Corporate Secretary 1961
Michel J. Voigt Chief Human Resources Officer 1973
Jason Treft Chief Information Officer
Sarah Comstock Vice President of Global Communications
John Knorpp Chief Regulatory Affairs Officer
Ricardo Alvarez Managing Director of Operation Merit Medical Tijuana
Mark Butler Executive Vice President of Merit Medical EMEA

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Chart

Interactive price chart (TradingView).

Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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