Merit Medical Systems, Inc.

NasdaqGS:MMSI Stock Report

Market Cap: US$5.7b

Merit Medical Systems Past Earnings Performance

Past criteria checks 4/6

Merit Medical Systems has been growing earnings at an average annual rate of 51.3%, while the Medical Equipment industry saw earnings growing at 12% annually. Revenues have been growing at an average rate of 6.9% per year. Merit Medical Systems's return on equity is 9.1%, and it has net margins of 9.1%.

Key information

51.3%

Earnings growth rate

50.8%

EPS growth rate

Medical Equipment Industry Growth8.9%
Revenue growth rate6.9%
Return on equity9.1%
Net Margin9.1%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Is Now An Opportune Moment To Examine Merit Medical Systems, Inc. (NASDAQ:MMSI)?

Dec 11
Is Now An Opportune Moment To Examine Merit Medical Systems, Inc. (NASDAQ:MMSI)?

Is Now The Time To Put Merit Medical Systems (NASDAQ:MMSI) On Your Watchlist?

Nov 29
Is Now The Time To Put Merit Medical Systems (NASDAQ:MMSI) On Your Watchlist?

Merit Medical Systems, Inc. (NASDAQ:MMSI) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Nov 02
Merit Medical Systems, Inc. (NASDAQ:MMSI) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

Is Merit Medical Systems (NASDAQ:MMSI) A Risky Investment?

Nov 01
Is Merit Medical Systems (NASDAQ:MMSI) A Risky Investment?

Merit Medical Systems - Impressive Momentum

Sep 17

The Price Is Right For Merit Medical Systems, Inc. (NASDAQ:MMSI)

Sep 17
The Price Is Right For Merit Medical Systems, Inc. (NASDAQ:MMSI)

Why Merit Medical Systems, Inc. (NASDAQ:MMSI) Could Be Worth Watching

Sep 04
Why Merit Medical Systems, Inc. (NASDAQ:MMSI) Could Be Worth Watching

Merit Medical Systems (NASDAQ:MMSI) Is Doing The Right Things To Multiply Its Share Price

Aug 22
Merit Medical Systems (NASDAQ:MMSI) Is Doing The Right Things To Multiply Its Share Price

These 4 Measures Indicate That Merit Medical Systems (NASDAQ:MMSI) Is Using Debt Safely

Jul 31
These 4 Measures Indicate That Merit Medical Systems (NASDAQ:MMSI) Is Using Debt Safely

Merit Medical Systems: Steady Wins The Day

Jul 05

Merit Medical Systems (NASDAQ:MMSI) Ticks All The Boxes When It Comes To Earnings Growth

Jun 19
Merit Medical Systems (NASDAQ:MMSI) Ticks All The Boxes When It Comes To Earnings Growth

Merit Medical: Undervalued With Multiple Growth Drivers In Play

Jun 15

Merit Medical Systems (NASDAQ:MMSI) Is Doing The Right Things To Multiply Its Share Price

May 23
Merit Medical Systems (NASDAQ:MMSI) Is Doing The Right Things To Multiply Its Share Price

It Looks Like Shareholders Would Probably Approve Merit Medical Systems, Inc.'s (NASDAQ:MMSI) CEO Compensation Package

May 09
It Looks Like Shareholders Would Probably Approve Merit Medical Systems, Inc.'s (NASDAQ:MMSI) CEO Compensation Package

Results: Merit Medical Systems, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

May 03
Results: Merit Medical Systems, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Is Merit Medical Systems (NASDAQ:MMSI) Using Too Much Debt?

Apr 30
Is Merit Medical Systems (NASDAQ:MMSI) Using Too Much Debt?

Merit Medical Systems, Inc. (NASDAQ:MMSI) Not Lagging Market On Growth Or Pricing

Apr 16
Merit Medical Systems, Inc. (NASDAQ:MMSI) Not Lagging Market On Growth Or Pricing

When Should You Buy Merit Medical Systems, Inc. (NASDAQ:MMSI)?

Apr 02
When Should You Buy Merit Medical Systems, Inc. (NASDAQ:MMSI)?

Merit Medical Systems: Solid Performer, Fully Valued

Mar 03

Analyst Estimates: Here's What Brokers Think Of Merit Medical Systems, Inc. (NASDAQ:MMSI) After Its Full-Year Report

Mar 02
Analyst Estimates: Here's What Brokers Think Of Merit Medical Systems, Inc. (NASDAQ:MMSI) After Its Full-Year Report

We Ran A Stock Scan For Earnings Growth And Merit Medical Systems (NASDAQ:MMSI) Passed With Ease

Feb 05
We Ran A Stock Scan For Earnings Growth And Merit Medical Systems (NASDAQ:MMSI) Passed With Ease

The Returns At Merit Medical Systems (NASDAQ:MMSI) Aren't Growing

Jan 23
The Returns At Merit Medical Systems (NASDAQ:MMSI) Aren't Growing

Revenue & Expenses Breakdown

How Merit Medical Systems makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:MMSI Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 241,32612038484
30 Jun 241,30111737283
31 Mar 241,28310237883
31 Dec 231,2579437483
30 Sep 231,22610036082
30 Jun 231,1989036381
31 Mar 231,1738534879
31 Dec 221,1517534276
30 Sep 221,1366231775
30 Jun 221,1165830873
31 Mar 221,1014831972
31 Dec 211,0754833071
30 Sep 211,0544333866
30 Jun 211,0312832763
31 Mar 21969429359
31 Dec 20964-1029858
30 Sep 20964-2927959
30 Jun 20963-3029662
31 Mar 201,000-431364
31 Dec 19995532466
30 Sep 199701930765
30 Jun 199493928862
31 Mar 199184327761
31 Dec 188834226260
30 Sep 188404024057
30 Jun 187981922755
31 Mar 187601821553
31 Dec 177282821051
30 Sep 176952820150
30 Jun 176723319949
31 Mar 176373118647
31 Dec 166042018345
30 Sep 165801917945
30 Jun 165592316644
31 Mar 165462316142
31 Dec 155422415641
30 Sep 155372615239
30 Jun 155292914937
31 Mar 155202514838
31 Dec 145102314837
30 Sep 144972114336
30 Jun 144831913835
31 Mar 144641913234
31 Dec 134491712734

Quality Earnings: MMSI has high quality earnings.

Growing Profit Margin: MMSI's current net profit margins (9.1%) are higher than last year (8.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MMSI's earnings have grown significantly by 51.3% per year over the past 5 years.

Accelerating Growth: MMSI's earnings growth over the past year (19.8%) is below its 5-year average (51.3% per year).

Earnings vs Industry: MMSI earnings growth over the past year (19.8%) exceeded the Medical Equipment industry 12.9%.

Return on Equity

High ROE: MMSI's Return on Equity (9.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:43
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Merit Medical Systems, Inc. is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David RescottBaird
Ishan MajumdarBaptista Research
Michael PetuskyBarrington Research Associates, Inc.