MMSI

Merit Medical Systems Inc

MMSI.US merit.com + Research + Basket
CIK 0000856982
Employees 7,500
Phone 801 253 1600
Fiscal year end December
IPO Aug 09, 1990
Address 1600 West Merit Parkway, South Jordan, UT, United States, 84095
90.63
+6.47 (+7.69%)
USD · NASDAQ
52-week range
59.74
94.85
Trading at 88% of the 52-week range
Market Cap
5.04B
P/E Ratio
31.52
Forward P/E
18.32
Book Value
29.13
Div. Yield
N/A
% Institutions
107.42%
% Insiders
2.44%

1 Year

+2.4%

3 Year

+27.4%

10 Year

+326.5%
Description

Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures in the United States, China, Japan, Germany, France, the United Kingdom, and internationally. It operates through two segments, Cardiovascular and Endoscopy. The company offers micropuncture kits, angiographic needles, sheaths, guide wires, and safety products; peripheral intervention products comprising angiography, drainage, delivery systems, and embolotherapy products; oncology products, such as soft tissue biopsy products and accessories; cardiac intervention products consisting of cardiac access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention products; and spine products, including vertebral augmentation, radiofrequency ablation, and bone biopsy systems. It also provides custom procedural solutions, including critical care products, syringes, manifold kits, and trays and packs; coating services for medical tubes and wires; and sensor components for microelectromechanical systems. In addition, the company offers gastroenterology products, such as esophageal stents, cryoballoon and inflation devices, gauges, and balloon dilators; pulmonary products consisting of laser-cut tracheobronchial stents, and over-the-wire and direct visualization delivery systems; kits and accessories for endoscopy and bronchoscopy procedures; and temporary pacing technology. It sells its products to hospitals, alternate site-based physicians, technicians, and nurses through direct sales force, independent distributors, original equipment manufacturer partners, and custom procedure tray manufacturers. The company exports its products to Canada, Western Europe, Australia, Brazil, Malaysia, South Korea, the United Arab Emirates, India, New Zealand, and South Africa. The company was incorporated in 1987 and is headquartered in South Jordan, Utah.

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People

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Directors & Officers

Name Title Year Born
Ms. Martha Goldberg Aronson President, CEO & Director 1967
Mr. Raul Parra Jr., CPA CFO & Treasurer 1979
Mr. Brian G. Lloyd J.D. Chief Legal Officer & Corporate Secretary 1961
Mr. Michel J. Voigt Chief Human Resources Officer 1973
Mr. Neil W. Peterson Senior Advisor 1966
Ms. Sheri Lewis Chief Operations Officer 1966
Ms. Sarah Comstock Vice President of Global Communications NA
Mr. Ricardo Alvarez Managing Director of Operation Merit Medical Tijuana NA
Mr. Mark Butler Executive Vice President of Merit Medical EMEA NA
Ms. Alisha Jerauld Sustainability Council Chair and Vice President of Environment, Social & Governance NA

Insider Trading

Open insider trading
Date Insider Name Title Transaction Type Shares Price Value SEC
Nov 25, 2025 Fred P Lampropoulos N/A Sale 10.00K $88.04 $880.40K SEC
Nov 21, 2025 Fred P Lampropoulos N/A Sale 25.00K $87.31 $2.18M SEC
Nov 20, 2025 Fred P Lampropoulos N/A Sale 20.00K $85.13 $1.70M SEC
Nov 18, 2025 Fred P Lampropoulos N/A Sale 5.00K $84.83 $424.15K SEC
Sep 25, 2025 Lisa C. McClain N/A Sale N/A $80.06 N/A —
Aug 22, 2025 Lynne N Ward N/A Sale 3.00K $88.56 $265.68K SEC
Aug 11, 2025 Lynne N Ward N/A Sale 2.43K $84.89 $206.54K SEC
Jul 22, 2025 Lisa C. McClain N/A Purchase N/A $84.47 N/A —
Jun 13, 2025 Raul Jr. Parra N/A Sale 15.18K $93.75 $1.42M SEC
Jun 10, 2025 Fred P Lampropoulos N/A Sale 400.00 $95.61 $38.24K SEC
Jun 02, 2025 Michael R Mcdonnell N/A Sale 1.75K $94.51 $165.39K SEC
Jun 02, 2025 Michael R Mcdonnell N/A Sale 1.75K $94.51 $165.39K SEC
May 30, 2025 David Floyd N/A Sale 3.52K $94.16 $330.97K SEC
May 30, 2025 Fred P Lampropoulos N/A Sale 10.00K $95.12 $951.20K SEC
May 30, 2025 Fred P Lampropoulos N/A Sale 10.00K $95.12 $951.20K SEC
May 30, 2025 Michael R Mcdonnell N/A Sale 1.75K $94.30 $165.03K SEC
May 27, 2025 Fred P Lampropoulos N/A Sale 20.00K $96.54 $1.93M SEC
May 15, 2025 F. Ann Millner N/A Sale 21.25K $96.47 $2.05M SEC

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 9.46M Jun 30, 2026 15.80% $0.01 7.13%
Vanguard Portfolio Management, LLC 3.47M Jun 30, 2026 5.80% $0.01 -1.40%
Vanguard Capital Management, LLC 2.59M Jun 30, 2026 4.32% $0.00 -2.47%
State Street Corp 2.47M Jun 30, 2026 4.13% $0.01 4.81%
Conestoga Capital Advisors, LLC 1.98M Jun 30, 2026 3.30% $2.99 -8.66%
Geode Capital Management, LLC 1.63M Jun 30, 2026 2.71% $0.01 7.79%
Fuller & Thaler Asset Management Inc 1.61M Jun 30, 2026 2.69% $0.30 -23.75%
Dimensional Fund Advisors, Inc. 1.46M Jun 30, 2026 2.43% $0.02 17.90%
Delaware Management Holdings Inc 1.28M Jun 30, 2026 2.13% $0.13 6.75%
Congress Asset Management Company, LLP 1.18M Jun 30, 2026 1.98% $0.51 15.07%
William Blair Investment Management, LLC 1.14M Jun 30, 2026 1.90% $0.24 46.34%
Greenhouse Funds LLLP 1.07M Jun 30, 2026 1.79% $3.80 -4.49%
Citigroup Inc 1.02M Jun 30, 2026 1.71% $0.02 -3.78%
FMR Inc 1.01M Jun 30, 2026 1.69% $0.00 0.78%
Westwood Holdings Group Inc 1.01M Jun 30, 2026 1.69% $0.53 6.86%
Morgan Stanley - Brokerage Accounts 1.01M Jun 30, 2026 1.68% $0.00 -20.15%
Neuberger Berman Group LLC 1.00M Jun 30, 2026 1.67% $0.05 17,953.83%
Maverick Capital Ltd 978.62K Jun 30, 2026 1.63% $0.60 37.05%
T. Rowe Price Associates, Inc. 958.74K Jun 30, 2026 1.60% $0.01 46.38%
Citadel Advisors Llc 909.86K Jun 30, 2026 1.52% $0.01 -5.50%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 iShares Core S&P Small-Cap ETF 3.58M 5.97% ▲ 0.06% Oct 28, 2026
2 Vanguard MStar Total Stk Mkt Idx Invest 1.81M 3.03% ▲ 0.33% Sep 30, 2026
3 FullerThaler Behavioral Sm-Cp Eq R6 1.54M 2.58% ▲ 20.53% Jun 30, 2026
4 iShares Russell 2000 ETF 1.51M 2.52% ▼ 0.41% Oct 29, 2026
5 Vanguard Small Cap Index 1.28M 2.13% ▼ 2.19% Sep 30, 2026
6 Neuberger Genesis Inv 772.89K 1.29% ▲ 31.43% Sep 30, 2026
7 Conestoga Small Cap Investors 769.35K 1.28% ▼ 9.22% Aug 31, 2026
8 Vanguard MStar Small Cap Growth Indx Inv 711.09K 1.19% ▼ 5.10% Sep 30, 2026
9 Fidelity Small Cap Index 653.00K 1.09% ▲ 0.71% Jul 31, 2026
10 Congress Small Cap Growth Institutional 605.00K 1.01% ▲ 0.00% Sep 30, 2026

Financial Highlights

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Market Cap: $5.04B
EBITDA: $355.66M
P/E Ratio: $31.52
PEG Ratio: $1.53
Book Value: $29.13
Earnings/Share: $2.67
Profit Margin: 9.94%
Operating Margin: 14.11%
ROA (TTM): 5.19%
ROE (TTM): 9.78%
Revenue (TTM): $1.61B
Revenue/Share (TTM): $27.04
Earnings Growth (YOY): 52.20%
Revenue Growth (YOY): 8.40%

Valuation Metrics

Enterprise Value: $5.37B
Trailing P/E: 31.52
Forward P/E: 18.32

Shares Statistics

Shares Outstanding: 59.92M
Shares Float: 58.51M
% Insiders: 2.44%
% Institutions: 107.42%
Shares Short: 3.79M
Shares Short (Prior Month): 3.63M
Short Ratio: 6.23
Short % Float: 8.55%

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

Max Price History

Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$1.51B
Cost of Goods Sold
adjust
$-777.79M
Gross Profit
subtotal
$736.94M
SG&A
adjust
$-455.21M
R&D
adjust
$-97.35M
Operating Income
subtotal
$184.38M
Other / Non-Operating Items
adjust
$-55.89M
Net Income
subtotal
$128.49M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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