Merit Medical Systems Financial Ratios
NASDAQ: MMSIHealth CareMedical/Dental InstrumentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Merit Medical Systems ratio analysis
Merit Medical Systems earned a net margin of 8.5% in FY 2025, down from 8.9% a year earlier. Gross margin was 48.7% compared with a median of 44.8% over the prior 9 years. Return on equity reached 8.1%, meaning Merit Medical Systems generated 0.08 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.46 versus 0.53 the year before, and the current ratio was 4.34. At the end of FY 2025, MMSI traded at 40.6 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 40.6 to 324.8, with a median of 58.9. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Merit Medical Systems financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 40.59 | 47.24 | 46.89 | 54.74 | 74.17 | — | 324.80 | 65.78 | 78.55 | 58.89 |
| Price / sales | 3.37 | 4.12 | 3.48 | 3.49 | 3.25 | 3.19 | 1.80 | 3.04 | 2.90 | 1.95 |
| Price / book | 3.23 | 4.05 | 3.64 | 3.51 | 3.36 | 3.21 | 1.88 | 2.88 | 3.12 | 2.36 |
| Gross margin | 48.7% | 47.4% | 46.4% | 45.1% | 45.2% | 41.6% | 43.5% | 44.7% | 44.8% | 43.9% |
| Operating margin | 12.2% | 11.5% | 9.9% | 7.6% | 5.7% | -0.2% | 1.6% | 6.6% | 4.5% | 5.8% |
| Net margin | 8.5% | 8.9% | 7.5% | 6.5% | 4.5% | -1.0% | 0.5% | 4.8% | 3.8% | 3.3% |
| Free cash flow margin | 14.2% | 13.7% | 8.8% | 6.0% | 11.1% | 12.4% | -0.0% | 2.6% | 3.3% | 3.4% |
| Return on equity (ROE) | 8.1% | 8.7% | 7.9% | 6.5% | 4.7% | -1.0% | 0.6% | 4.5% | 4.1% | 4.0% |
| Return on assets (ROA) | 4.8% | 5.0% | 4.1% | 4.5% | 2.9% | -0.6% | 0.3% | 2.6% | 2.5% | 2.1% |
| Debt / equity | 0.46 | 0.53 | 0.68 | 0.17 | 0.23 | 0.37 | 0.46 | 0.43 | 0.42 | 0.65 |
| Current ratio | 4.34 | 4.27 | 5.45 | 2.40 | 2.04 | 2.32 | 2.50 | 2.45 | 2.73 | 2.76 |
| Revenue growth | 11.8% | 7.9% | 9.2% | 7.1% | 11.5% | -3.1% | 12.7% | 21.3% | 20.5% | 11.4% |
| EPS growth | 4.9% | 25.3% | 25.6% | 53.6% | — | -280.0% | -87.2% | 41.8% | 22.2% | -15.1% |