NASDAQ:MMSI
Merit Medical Systems Inc.
Merit Medical Systems Inc.'s revenue grew 11.8% in fiscal 2025 to $1.5B while operating margin rose to 12.2%, its highest in 10 years. Free cash flow was $215.7M, 14.2% of revenue, and the diluted share count rose 1.8%.Summary generated from Merit Medical Systems Inc.'s SEC filings. Latest annual report filed Feb 24, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$1.5B
Revenue growth+11.8%
Revenue, 5-yr CAGR+9.5%
Gross margin48.7%
Operating margin12.2%
Net margin8.5%
ROIC7.7%
Return on equity8.7%
Debt / equity0.46
Free cash flow$215.7M
FCF margin14.2%
Share count change+1.8%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 1,075 | 1,151 | 1,257 | 1,357 | 1,516 |
| Operating income | 61 | 88 | 124 | 156 | 185 |
| Net income | 48 | 75 | 94 | 120 | 128 |
| Free cash flow | 119 | 69 | 111 | 186 | 216 |
Recent filings
- 4Insider transaction report
Sep 9, 2026 - 4Insider transaction report
Aug 25, 2026 - 8-KDirector or officer change
Aug 20, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 30, 2026 - 8-KResults of operations and financial condition
Jul 30, 2026 - 8-KDirector or officer change
May 19, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 30, 2026 - 8-KResults of operations and financial condition
Apr 30, 2026