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Companies / Health Care / Merit Medical Systems, Inc.
MMSI

Merit Medical Systems, Inc.

Health CareSurgical & Medical Instruments
Ticker MMSISOUTH JORDAN, UTFiscal year ends DecemberBook value per share $29.01Diluted shares 60.1M

Merit Medical Systems, Inc. (Nasdaq: MMSI) designs, manufactures and markets medical devices used in interventional, diagnostic and therapeutic procedures, including cardiology, radiology, oncology, critical care and endoscopy. Its customers include hospitals, physicians, technicians, nurses and other medical-device… From the company’s description.

Over the twelve months to Sep 30, 2026, Merit Medical Systems, Inc. reported revenue of $1.61B, up 9.1% from a year earlier, and net income of $160.12M. Its operating margin was 13.5%, and operations generated $273.74M in cash. In fiscal 2025, it reported revenue of $1.52B, up 11.8% from fiscal 2024, and net income of $128.49M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.52BFY2025
+11.8% year over year
Last 12 mo $1.61B
12.19%FY2025
+0.7 percentage points
Last 12 mo 13.50%
$128.49MFY2025
+6.8% year over year
Last 12 mo $160.12M
8.11%FY2025
−0.6 percentage points
Last 12 mo 9.18%
Cash & financing
$297.37MFY2025
+34.7% year over year
Last 12 mo $273.74M
$215.65MFY2025
+16.2% year over year
Last 12 mo $203.59M
0.46FY2025
Was 0.53× a year earlier
Last 12 mo 0.42
60.5MFY2025
+1.8% year over year
Last 12 mo 60.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Merit Medical Systems, Inc. does

In the company’s own words

Merit Medical Systems, Inc. (Nasdaq: MMSI) designs, manufactures and markets medical devices used in interventional, diagnostic and therapeutic procedures, including cardiology, radiology, oncology, critical care and endoscopy. Its customers include hospitals, physicians, technicians, nurses and other medical-device manufacturers. Merit operates through two segments, cardiovascular and endoscopy; cardiovascular includes peripheral and cardiac intervention, oncology, custom procedural solutions and OEM products, while endoscopy serves gastroenterology and pulmonary procedures. Products include vascular access devices, catheters, guide wires, biopsy systems, embolotherapy products, procedural kits, esophageal and airway stents, and components and finished devices made for OEM customers. Its brands include Prelude, SCOUT, Embosphere, Aspira, EsophyX and AERO. Merit sells through direct sales teams and distributors, with U.S. sales representing 60% of net sales in 2025. The company has eleven manufacturing facilities worldwide and traces its origins to a 1987 business focused on plastic injection and insert molding. Its website is www.merit.com.

Company details
Sector
Health Care
Industry (SIC)
Surgical & Medical Instruments
Headquarters
SOUTH JORDAN, UT
Fiscal year end
December
CIK
856982
SIC
3841

Financial performance, year by year

Fiscal 2011–2025 · USD
$-171.92M$314.31M$800.53M$1.29B$1.77B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Merit Medical Systems, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

355
funds hold it
0 of 35
superinvestors hold it
$1.98B
held by funds, at market
48.5%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Merit Medical Systems, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.22%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.13%of fund net assets
FULLERTHALER BEHAVIORAL SMALL CAP EQUITY
FTHNX · Capitol Series Trust
0.85%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Merit Medical Systems, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Merit Medical Systems, Inc.’s debt, $162.88M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.00%, maturing 2029 to 2029.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Merit Medical Systems, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Merit Medical Systems, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Merit Medical Systems, Inc.'s last four quarterly filings that the numbers alone won't show?”
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