Merit Medical Systems Past Earnings Performance
Past criteria checks 4/6
Merit Medical Systems has been growing earnings at an average annual rate of 38.6%, while the Medical Equipment industry saw earnings growing at 13.5% annually. Revenues have been growing at an average rate of 6.4% per year. Merit Medical Systems's return on equity is 7.9%, and it has net margins of 7.5%.
Key information
38.6%
Earnings growth rate
37.1%
EPS growth rate
| Medical Equipment Industry Growth | 8.9% |
| Revenue growth rate | 6.4% |
| Return on equity | 7.9% |
| Net Margin | 7.5% |
| Next Earnings Update | 30 Apr 2024 |
Recent past performance updates
Recent updates
Merit Medical Systems, Inc. (NASDAQ:MMSI) Not Lagging Market On Growth Or Pricing
Apr 16
When Should You Buy Merit Medical Systems, Inc. (NASDAQ:MMSI)?
Apr 02Merit Medical Systems: Solid Performer, Fully Valued
Mar 03Analyst Estimates: Here's What Brokers Think Of Merit Medical Systems, Inc. (NASDAQ:MMSI) After Its Full-Year Report
Mar 02We Ran A Stock Scan For Earnings Growth And Merit Medical Systems (NASDAQ:MMSI) Passed With Ease
Feb 05The Returns At Merit Medical Systems (NASDAQ:MMSI) Aren't Growing
Jan 23What You Can Learn From Merit Medical Systems, Inc.'s (NASDAQ:MMSI) P/E
Dec 18These 4 Measures Indicate That Merit Medical Systems (NASDAQ:MMSI) Is Using Debt Safely
Nov 21What Is Merit Medical Systems, Inc.'s (NASDAQ:MMSI) Share Price Doing?
Nov 06Estimating The Fair Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)
Oct 23Does Merit Medical Systems (NASDAQ:MMSI) Deserve A Spot On Your Watchlist?
Sep 11Return Trends At Merit Medical Systems (NASDAQ:MMSI) Aren't Appealing
Aug 13Is Now An Opportune Moment To Examine Merit Medical Systems, Inc. (NASDAQ:MMSI)?
Jul 31Is Merit Medical Systems (NASDAQ:MMSI) A Risky Investment?
Jul 17Is Now The Time To Put Merit Medical Systems (NASDAQ:MMSI) On Your Watchlist?
Jun 07Is It Time To Consider Buying Merit Medical Systems, Inc. (NASDAQ:MMSI)?
May 01We Think Merit Medical Systems (NASDAQ:MMSI) Can Manage Its Debt With Ease
Apr 16Returns On Capital At Merit Medical Systems (NASDAQ:MMSI) Have Hit The Brakes
Apr 02Is Now The Time To Put Merit Medical Systems (NASDAQ:MMSI) On Your Watchlist?
Mar 01Merit Medical Systems, Inc.'s (NASDAQ:MMSI) Intrinsic Value Is Potentially 24% Below Its Share Price
Feb 01Is Now The Time To Look At Buying Merit Medical Systems, Inc. (NASDAQ:MMSI)?
Jan 12Merit Medical Systems (NASDAQ:MMSI) Seems To Use Debt Rather Sparingly
Dec 29Here's Why We Think Merit Medical Systems (NASDAQ:MMSI) Is Well Worth Watching
Nov 23A Look At The Intrinsic Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)
Oct 23At US$56.45, Is It Time To Put Merit Medical Systems, Inc. (NASDAQ:MMSI) On Your Watch List?
Oct 11Merit Medical Systems (NASDAQ:MMSI) Might Have The Makings Of A Multi-Bagger
Sep 28Merit Medical Systems (NASDAQ:MMSI) Seems To Use Debt Rather Sparingly
Sep 16Merit Medical: No Change To Hold Thesis, ROIC Still One To Watch
Sep 09Should You Be Adding Merit Medical Systems (NASDAQ:MMSI) To Your Watchlist Today?
Aug 10Calculating The Fair Value Of Merit Medical Systems, Inc. (NASDAQ:MMSI)
Jul 14Why Merit Medical Systems, Inc. (NASDAQ:MMSI) Could Be Worth Watching
Jun 29We Think Merit Medical Systems (NASDAQ:MMSI) Can Manage Its Debt With Ease
Jun 14Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Merit Medical Systems makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 1,257 | 94 | 374 | 83 |
| 30 Sep 23 | 1,226 | 100 | 360 | 82 |
| 30 Jun 23 | 1,198 | 90 | 363 | 81 |
| 31 Mar 23 | 1,173 | 85 | 348 | 79 |
| 31 Dec 22 | 1,151 | 75 | 342 | 76 |
| 30 Sep 22 | 1,136 | 62 | 317 | 75 |
| 30 Jun 22 | 1,116 | 58 | 308 | 73 |
| 31 Mar 22 | 1,101 | 48 | 319 | 72 |
| 31 Dec 21 | 1,075 | 48 | 330 | 71 |
| 30 Sep 21 | 1,054 | 43 | 338 | 66 |
| 30 Jun 21 | 1,031 | 28 | 327 | 63 |
| 31 Mar 21 | 969 | 4 | 293 | 59 |
| 31 Dec 20 | 964 | -10 | 298 | 58 |
| 30 Sep 20 | 964 | -29 | 279 | 59 |
| 30 Jun 20 | 963 | -30 | 296 | 62 |
| 31 Mar 20 | 1,000 | -4 | 313 | 64 |
| 31 Dec 19 | 995 | 5 | 324 | 66 |
| 30 Sep 19 | 970 | 19 | 307 | 65 |
| 30 Jun 19 | 949 | 39 | 288 | 62 |
| 31 Mar 19 | 918 | 43 | 277 | 61 |
| 31 Dec 18 | 883 | 42 | 262 | 60 |
| 30 Sep 18 | 840 | 40 | 240 | 57 |
| 30 Jun 18 | 798 | 19 | 227 | 55 |
| 31 Mar 18 | 760 | 18 | 215 | 53 |
| 31 Dec 17 | 728 | 28 | 210 | 51 |
| 30 Sep 17 | 695 | 28 | 201 | 50 |
| 30 Jun 17 | 672 | 33 | 199 | 49 |
| 31 Mar 17 | 637 | 31 | 186 | 47 |
| 31 Dec 16 | 604 | 20 | 183 | 45 |
| 30 Sep 16 | 580 | 19 | 179 | 45 |
| 30 Jun 16 | 559 | 23 | 166 | 44 |
| 31 Mar 16 | 546 | 23 | 161 | 42 |
| 31 Dec 15 | 542 | 24 | 156 | 41 |
| 30 Sep 15 | 537 | 26 | 152 | 39 |
| 30 Jun 15 | 529 | 29 | 149 | 37 |
| 31 Mar 15 | 520 | 25 | 148 | 38 |
| 31 Dec 14 | 510 | 23 | 148 | 37 |
| 30 Sep 14 | 497 | 21 | 143 | 36 |
| 30 Jun 14 | 483 | 19 | 138 | 35 |
| 31 Mar 14 | 464 | 19 | 132 | 34 |
| 31 Dec 13 | 449 | 17 | 127 | 34 |
| 30 Sep 13 | 431 | 11 | 126 | 33 |
| 30 Jun 13 | 412 | 12 | 123 | 33 |
Quality Earnings: MMSI has high quality earnings.
Growing Profit Margin: MMSI's current net profit margins (7.5%) are higher than last year (6.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MMSI's earnings have grown significantly by 38.6% per year over the past 5 years.
Accelerating Growth: MMSI's earnings growth over the past year (26.7%) is below its 5-year average (38.6% per year).
Earnings vs Industry: MMSI earnings growth over the past year (26.7%) exceeded the Medical Equipment industry 3.3%.
Return on Equity
High ROE: MMSI's Return on Equity (7.9%) is considered low.