Merit Medical Systems, Inc. (MMSI) Earnings History
Annual and quarterly earnings data from 1991 to 2025
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MMSI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
MMSI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 48.7% | 12.2% | 8.5% |
| 2024 | 47.4% | 11.5% | 8.9% |
| 2023 | 46.4% | 9.9% | 7.5% |
| 2022 | 45.1% | 7.6% | 6.5% |
| 2021 | 45.2% | 5.7% | 4.5% |
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Merit Medical Systems, Inc. (MMSI) Earnings Overview
As of May 8, 2026, Merit Medical Systems, Inc. (MMSI) reported trailing twelve-month net income of $139M, reflecting +4.9% year-over-year growth. The company earned $2.32 per diluted share over the past four quarters, with a net profit margin of 8.5%.
Looking at the long-term picture, MMSI's historical earnings data spans multiple years. The company achieved its highest annual net income of $128M in fiscal 2025, representing a new all-time high.
Merit Medical Systems, Inc. maintains positive profitability with a gross margin of 48.7%, operating margin of 12.2%, and net margin of 8.5%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including ITGR ($142M net income, 5.6% margin), NNOX (-$56M net income, -474.3% margin), ATRC (-$5M net income, -2.1% margin), MMSI has outperformed on profitability metrics. Compare MMSI vs ITGR →
MMSI Earnings vs Peers
Earnings metrics vs comparable public companies
MMSI Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $128M | +6.8% | $184M | $2.13 | 8.5% | 12.2% |
| 2024 | $120M | +27.5% | $156M | $2.03 | 8.9% | 11.5% |
| 2023 | $94M | +26.7% | $124M | $1.62 | 7.5% | 9.9% |
| 2022 | $75M | +53.8% | $88M | $1.29 | 6.5% | 7.6% |
| 2021 | $48M | +592.3% | $61M | $0.84 | 4.5% | 5.7% |
| 2020 | -$10M | -280.6% | -$2M | $-0.18 | -1.0% | -0.2% |
| 2019 | $5M | -87.0% | $15M | $0.10 | 0.5% | 1.6% |
| 2018 | $42M | +52.7% | $59M | $0.78 | 4.8% | 6.6% |
| 2017 | $28M | +36.8% | $33M | $0.55 | 3.8% | 4.5% |
| 2016 | $20M | -15.5% | $35M | $0.45 | 3.3% | 5.8% |
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Start ComparisonMMSI — Frequently Asked Questions
Quick answers to the most common questions about buying MMSI stock.
Is MMSI growing earnings?
MMSI EPS of $2.32 reflects slowing growth at +4.9%, below the 5-year CAGR of N/A. TTM net income is $139M. Expansion rate has moderated.
What are MMSI's profit margins?
Merit Medical Systems, Inc. net margin is +8.5%, with operating margin at +12.2%. Margins sit within typical range for the sector.
How consistent are MMSI's earnings?
MMSI earnings data spans 1991-2025. The current earnings trend is +4.9% YoY. Historical data enables comparison across business cycles.