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    Merit Medical Systems Inc (MMSI)

    Official site

    HEALTHCARE • MEDICAL INSTRUMENTS & SUPPLIES • NASDAQ

    $89.57
    +2.41 (+2.77%)

    Market Cap: $5.20B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    95%(37/39)
    Avg Surprise
    +25.02%
    Streak
    27 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$1.03
    Range$1.01 - $1.05
    10 analysts
    EPS Revisions
    5
    0
    7d
    6
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$1.02+1.7%
    60d ago$1.030.0%
    30d ago$1.030.0%
    7d ago$1.030.0%
    Current$1.03
    Revenue Consensus
    $410M
    Range$409M - $412M
    11 analysts
    Period ending Dec 31, 2026
    EPS Consensus$1.47
    Range$1.45 - $1.49
    10 analysts
    Revenue Consensus
    $443M
    Range$439M - $447M
    11 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.47---
    Sep 26EST
    		-$1.03---
    Jun 26
    Reported Jul 30
    		$1.09$0.85+28.24%Beat+7.9%
    Mar 26
    Reported Apr 30
    		$0.94$0.83+13.25%Beat+9.3%
    Dec 25
    Reported Feb 24
    		$1.04$0.95+9.50%Beat+11.8%
    Sep 25
    Reported Oct 30
    		$0.92$0.83+10.84%Beat+7.0%
    Jun 25
    Reported Jul 30
    		$1.01$0.85+18.82%Beat+9.8%
    Mar 25
    Reported Apr 24
    		$0.86$0.75+14.67%Beat+11.7%
    Dec 24
    Reported Feb 25
    		$0.93$0.83+12.05%Beat+14.8%
    Sep 24
    Reported Oct 30
    		$0.86$0.80+7.50%Beat+14.7%
    Jun 24
    Reported Aug 1
    		$0.92$0.87+5.75%Beat+13.6%
    Mar 24
    Reported Apr 30
    		$0.77$0.72+6.94%Beat+20.3%
    Dec 23
    Reported Feb 28
    		$0.81$0.77+5.19%Beat+2.5%
    Sep 23
    Reported Oct 26
    		$0.75$0.65+15.38%Beat+17.2%
    Jun 23
    Reported Jul 25
    		$0.81$0.76+6.58%Beat+11.0%
    Mar 23
    Reported Apr 26
    		$0.64$0.55+16.36%Beat+20.8%
    Dec 22
    Reported Feb 22
    		$0.79$0.67+17.91%Beat+11.3%
    Sep 22
    Reported Oct 26
    		$0.64$0.53+20.75%Beat+23.1%
    Jun 22
    Reported Jul 27
    		$0.73$0.58+25.86%Beat+17.7%
    Mar 22
    Reported Apr 27
    		$0.53$0.47+12.77%Beat+1.9%
    Dec 21
    Reported Feb 24
    		$0.71$0.52+36.54%Beat+31.5%
    Sep 21
    Reported Oct 28
    		$0.52$0.44+18.18%Beat+23.8%
    Jun 21
    Reported Jul 29
    		$0.62$0.45+37.78%Beat+100.0%
    Mar 21
    Reported Apr 29
    		$0.52$0.36+44.44%Beat+36.8%
    Dec 20
    Reported Feb 24
    		$0.54$0.43+25.58%Beat+35.0%
    Sep 20
    Reported Oct 28
    		$0.42$0.20+110.00%Beat+50.0%
    Jun 20
    Reported Jul 29
    		$0.31$0.07+342.86%Beat-26.2%
    Mar 20
    Reported Apr 23
    		$0.38$0.26+46.15%Beat+2.7%
    Dec 19
    Reported Feb 24
    		$0.40$0.34+17.65%Beat-16.7%
    Sep 19
    Reported Oct 30
    		$0.28$0.45-37.78%Miss-40.4%
    Jun 19
    Reported Jul 25
    		$0.42$0.50-16.00%Miss-2.3%
    Mar 19
    Reported Apr 23
    		$0.37$0.36+2.78%Beat+19.4%
    Dec 18
    Reported Feb 26
    		$0.48$0.45+6.67%Beat+45.5%
    Sep 18
    Reported Oct 25
    		$0.47$0.42+11.90%Beat+46.9%
    Jun 18
    Reported Jul 23
    		$0.43$0.40+7.50%Beat+19.4%
    Mar 18
    Reported Apr 25
    		$0.31$0.29+6.90%Beat+10.7%
    Dec 17
    Reported Feb 28
    		$0.33$0.32+3.13%Beat+6.5%
    Sep 17
    Reported Oct 25
    		$0.32$0.30+6.67%Beat-
    Jun 17
    Reported Jul 26
    		$0.36$0.29+24.14%Beat-
    Mar 17
    Reported Apr 27
    		$0.28$0.23+21.74%Beat-
    Dec 16
    Reported Feb 21
    		$0.31$0.28+10.71%Beat-

    Key Metrics

    Valuation
    P/E Ratio22.45EV/EBITDA15.98x
    Price/FCF26.31xFCF Yield3.80%
    Profitability
    Profit Margin9.22%Operating Margin14.50%
    ROE9.19%ROIC6.54%
    Financial Health
    Debt/Equity0.44xInterest Coverage6.64x
    Current Ratio4.20xQuick Ratio2.79x
    Trading Statistics
    Beta0.51Avg Volume612.93K
    52-Week High$94.7552-Week Low$59.74

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$86.96
    SMA 20$86.84
    SMA 50$88.26
    SMA 200$76.72
    EMA 10$87.54
    EMA 20$87.22
    EMA 50$85.70
    EMA 200$80.37

    MACD

    Line: 0.32Signal: 0.02Hist: 0.30

    ADX

    ADX: 21.1+DI: 26.4-DI: 12.2

    Aroon & PSAR

    Aroon Up92.0
    Aroon Down80.0
    PSAR$84.60

    Bollinger Bands

    Upper Band$89.60
    Lower Band$84.09
    %B Position634%(Upper)
    Band Width0.99

    RSI (14-Day)

    Neutral
    58.6

    Momentum Oscillators

    Stoch %K61.7
    Stoch %D67.8
    Williams %R-20.1
    ROC (10d)4.0%
    Momentum3.42
    CCI (20d)175.9
    MFI (14d)39.2

    Volatility Measures

    ATR (14d)$2.27(2.5%)
    StdDev (20d)1.38
    Hist Vol24.6%(Moderate)

    Volume Flow

    VWAP$89.42
    OBV10.5M
    AD Line-1.8M
    CMF (20d)-0.026

    Volume Metrics

    Avg Vol (20d)631.2K
    Vol Ratio1.1x
    VWMA (20d)$86.97

    Pivot Points

    R3$91.14
    R2$90.10
    R1$88.63
    Pivot Point$87.59
    S1$86.12
    S2$85.08
    S3$83.61

    Advanced Oscillators

    TSI4.61
    Ultimate Osc51.9
    KST-13.95

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$418.84M$381.88M$393.94M$384.16M$382.46M$355.35M$355.16M$339.85M$338.00M$323.51M$324.51M$315.23M
    Cost of Revenue$203.68M$197.08M$198.58M$197.75M$197.97M$183.33M$182.18M$182.31M$176.90M$171.79M$173.99M$173.03M
    Gross Profit$215.17M$184.80M$195.35M$186.41M$184.49M$172.02M$172.98M$157.53M$161.10M$151.72M$150.53M$142.20M
    Operating Expenses$154.76M$140.64M$141.16M$143.80M$137.61M$130.99M$136.42M$120.27M$115.15M$115.79M$116.92M$107.06M
    R&D$25.39M$22.61M$26.54M$23.97M$24.37M$22.48M$25.19M$20.53M$20.26M$21.48M$21.64M$19.65M
    SG&A$129.23M$118.21M$114.83M$119.80M$113.10M$107.49M$111.07M$99.64M$94.58M$94.43M$95.75M$86.85M
    Operating Income$60.40M$44.16M$54.20M$42.61M$46.88M$41.03M$36.56M$37.26M$45.95M$35.92M$33.61M$35.14M
    Interest Income$3.75M$3.90M$3.90M$3.62M$3.76M$3.79M$4.74M$6.65M$7.56M$7.28M$1.92M$181,000
    Interest Expense$12.12M$6.53M$6.36M$6.75M$6.78M$6.57M$7.99M$7.50M$7.68M$8.05M$4.98M$4.84M
    Income Before Tax$51.31M$53.55M$51.06M$38.54M$43.38M$37.96M$33.15M$36.66M$45.84M$34.35M$31.47M$30.22M
    Income Tax Expense$12.51M$12.55M$13.05M$10.79M$10.80M$7.81M$5.20M$8.21M$10.12M$6.11M$3.84M$4.39M
    Net Income$38.80M$40.99M$38.01M$27.75M$32.58M$30.15M$27.95M$28.44M$35.73M$28.24M$27.63M$25.83M
    EBITDA$95.03M$90.91M$89.23M$77.31M$81.58M$74.40M$70.31M$68.34M$74.44M$63.29M$61.78M$61.87M
    EBIT$59.68M$56.17M$53.52M$41.68M$46.39M$40.74M$36.40M$37.51M$45.96M$35.12M$34.52M$34.88M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    -$2221
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    7
    New Awards (TTM)
    0
    Avg Remaining Term
    N/A

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Medical Devices & Supplies - Cardiology, Neurology, Vascular Q2 Earnings: Merit Medical Systems (NASDAQ:MMSI) Simply the Best

    The article reviews Q2 earnings for companies in the medical devices & supplies sector, focusing on cardiology, neurology...

    TradingView•10/15/26•Bullish

    Price-Driven Insight from (MMSI) for Rule-Based Strategy

    This article provides a price-driven analysis for Merit Medical Systems Inc. (MMSI) using AI models to generate trading strategies. It highlights a near-term strong sentiment but neutral mid and long-term outlook...

    Stock Traders Daily•10/13/26•Neutral

    Merit Medical Systems (MMSI) Stock Looks Cheap Based On Cash Flow

    Merit Medical Systems (MMSI) has seen a 34.9% share price gain over three years, leading to questions about whether its current US$87.21 price is justified by its expected cash flows. A Discounted Cash Flow (DCF)...

    Yahoo Finance UK•10/10/26•Bullish

    Cancer Stocks to Consider as Oncology Innovation Accelerates

    The global oncology market is experiencing rapid growth due to increasing cancer incidence and medical advancements, making it a significant long-term opportunity for the healthcare industry. Companies like Pfizer...

    Yahoo Finance Singapore•10/9/26•Somewhat-Bullish

    Merit Medical Systems, Inc. (MMSI) Stock Forecasts

    Argus has lowered its target price for Merit Medical Systems, Inc. (MMSI) to $93.00, citing the company's role as a medical equipment manufacturer for interventional cardiology, radiology...

    Yahoo! Finance Canada•10/8/26•Neutral

    MMSI Valuation and Fair Value

    P/E
    22.4x
    Forward P/E
    18.9x
    EV/EBITDA
    16.0x
    P/FCF
    26.3x
    PEG
    1.6x
    P/B
    3.2x
    See GNG's fair value

    MMSI Profitability: Margins, ROIC and FCF

    Gross margin
    49.5%
    Operating margin
    14.5%
    Net margin
    9.2%
    ROIC
    6.5%
    ROE
    9.2%
    FCF margin
    12.9%
    FCF yield
    3.8%

    MMSI Competitors

    CompanyTicker
    Teleflex IncorporatedTFX
    Mirum Pharmaceuticals IncMIRM
    Stevanato Group SpASTVN
    Waystar Holding Corp. Common StockWAY
    RadNet IncRDNT
    Erasca IncERAS
    Doximity IncDOCS
    Oruka Therapeutics, Inc.ORKA

    Sector: Healthcare

    MMSI Analyst Ratings

    Consensus
    Buy
    Analysts
    11
    Strong Buy
    5
    Buy
    4
    Hold
    2
    Sell
    0
    Strong Sell
    0

    MMSI Bull Case vs Bear Case

    Bull case

    • MMSI beat EPS estimates in 100.0% of its last 8 reported quarters.
    • 81.8% of MMSI's analyst ratings are Buy or Strong Buy.

    MMSI Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    14.4%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $1.03
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    6 up, 1 down

    Frequently Asked Questions About MMSI

    Does MMSI pay dividends?

    Merit Medical Systems Inc (MMSI) does not currently pay a regular dividend.

    What is MMSI's P/E ratio?

    Merit Medical Systems Inc has a price-to-earnings (P/E) ratio of 22.45.

    What is MMSI's market cap?

    Merit Medical Systems Inc (MMSI) has a market capitalization of $5.20B with a current stock price of $89.57.

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