Merit Medical Systems, Inc. (MMSI) Quarterly Income Statement

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Merit Medical Systems, Inc. (MMSI) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

MMSI Income Statement

Merit Medical Systems, Inc. (MMSI) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21

Sales/Revenue	416.24M	418.84M	381.88M	394.18M	384.26M	381.95M	354.33M	355.16M	339.85M	338M	323.51M	323.29M	315.23M	320.06M	297.56M	293.42M	287.18M	294.98M	275.42M	278.49M
Revenue Growth %	8.32%	9.66%	7.77%	10.99%	13.07%	13%	9.53%	9.86%	7.81%	5.61%	8.72%	10.18%	9.77%	8.5%	8.04%	5.36%	7.55%	5.23%	10.65%	7.94%
Cost of Goods Sold	215.61M	203.68M	197.08M	198.74M	197.75M	197.73M	182.8M	182.18M	182.31M	176.9M	171.79M	188.09M	173.03M	167.27M	159.2M	158.86M	158.6M	159.91M	154.51M	149.69M
COGS % of Revenue	51.8%	48.63%	51.61%	50.42%	51.46%	51.77%	51.59%	51.29%	53.64%	52.34%	53.1%	58.18%	54.89%	52.26%	53.5%	54.14%	55.23%	54.21%	56.1%	53.75%
Gross Profit	200.63M	215.17M	184.8M	195.45M	186.52M	184.22M	171.53M	172.98M	157.53M	161.1M	151.72M	135.19M	142.2M	152.78M	138.36M	134.55M	128.57M	135.07M	120.91M	128.81M
Gross Margin %	48.2%	51.37%	48.39%	49.58%	48.54%	48.23%	48.41%	48.71%	46.36%	47.66%	46.9%	41.82%	45.11%	47.74%	46.5%	45.86%	44.77%	45.79%	43.9%	46.25%
Gross Profit Growth %	7.57%	16.8%	7.73%	12.99%	18.4%	14.35%	13.06%	27.95%	10.78%	5.44%	9.65%	0.48%	10.6%	13.12%	14.44%	4.46%	6.7%	8.8%	8.05%	15.87%
Operating Expenses	141.87M	154.62M	140.82M	141.37M	143.77M	137.46M	120.76M	136.42M	120.27M	115.15M	115.91M	102.44M	107.06M	123.97M	111.98M	104.14M	109.92M	111.81M	105.67M	106.91M
OpEx % of Revenue	34.08%	36.92%	36.88%	35.86%	37.41%	35.99%	34.08%	38.41%	35.39%	34.07%	35.83%	31.69%	33.96%	38.73%	37.63%	35.49%	38.27%	37.91%	38.37%	38.39%
Selling, General & Admin	119.51M	129.23M	118.21M	114.83M	119.8M	113.1M	98.29M	107.97M	99.64M	94.58M	94.43M	80.81M	86.85M	100.93M	90.14M	83.24M	89.78M	85.49M	84.02M	76.63M
SG&A % of Revenue	28.71%	30.85%	30.95%	29.13%	31.18%	29.61%	27.74%	30.4%	29.32%	27.98%	29.19%	25%	27.55%	31.53%	30.29%	28.37%	31.26%	28.98%	30.5%	27.52%
Research & Development	22.39M	25.39M	22.61M	26.54M	23.97M	24.37M	22.48M	25.19M	20.53M	20.26M	21.48M	21.64M	19.65M	20.13M	21.31M	20.44M	19.22M	18.47M	17.39M	20.41M
R&D % of Revenue	5.38%	6.06%	5.92%	6.73%	6.24%	6.38%	6.34%	7.09%	6.04%	5.99%	6.64%	6.69%	6.23%	6.29%	7.16%	6.96%	6.69%	6.26%	6.31%	7.33%
Other Operating Expenses	-36K	0	0	0	0	0	0	1000K	103K	306K	0	0	562K	1000K	521K	456K	915K	1000K	1000K	1000K
Operating Income	58.76M	60.55M	43.98M	54.08M	42.75M	46.76M	50.77M	36.56M	37.26M	45.95M	35.92M	32.75M	35.14M	28.81M	26.38M	30.42M	18.66M	23.26M	15.23M	21.9M
Operating Margin %	14.12%	14.46%	11.52%	13.72%	11.13%	12.24%	14.33%	10.3%	10.96%	13.59%	11.1%	10.13%	11.15%	9%	8.87%	10.37%	6.5%	7.88%	5.53%	7.86%
Operating Income Growth %	37.46%	29.5%	-13.37%	47.9%	14.73%	1.76%	41.33%	11.65%	6.04%	59.47%	36.16%	7.67%	88.33%	23.89%	73.2%	38.92%	17.11%	161.45%	7.32%	36.79%
EBITDA	90.61M	94.52M	77.33M	88.41M	76.99M	80.56M	83.04M	68.16M	66.64M	72.98M	62.64M	59.06M	61.87M	53.86M	49.58M	53.48M	41.77M	46.23M	38.28M	45.57M
EBITDA Margin %	21.77%	22.57%	20.25%	22.43%	20.04%	21.09%	23.44%	19.19%	19.61%	21.59%	19.36%	18.27%	19.63%	16.83%	16.66%	18.23%	14.54%	15.67%	13.9%	16.36%
EBITDA Growth %	17.68%	17.32%	-6.88%	29.7%	15.53%	10.39%	32.57%	15.4%	7.72%	35.49%	26.34%	10.43%	48.13%	16.52%	29.51%	17.38%	5.59%	40.45%	-0.99%	6.36%
D&A (Non-Cash Add-back)	31.84M	33.97M	33.35M	34.33M	34.24M	33.8M	32.28M	31.6M	29.38M	27.03M	26.72M	26.31M	26.73M	25.05M	23.2M	23.07M	23.11M	22.97M	23.05M	23.67M
EBIT	63.12M	63.43M	60.07M	57.42M	45.29M	50.15M	44.53M	41.14M	44.16M	53.52M	42.39M	37.14M	35.06M	28.58M	27.51M	32.31M	19.43M	22.05M	15.17M	21.29M
Net Interest Income	-3.21M	-8.37M	-2.63M	-2.46M	-3.14M	-3.01M	-2.78M	-3.25M	-849K	-118K	-770K	-3.05M	-4.66M	-3.46M	-1.88M	-2.04M	-1.72M	-1.25M	-898K	-1M
Interest Income	4.13M	3.75M	3.9M	3.9M	3.62M	3.76M	3.79M	4.74M	6.65M	7.56M	7.28M	1.92M	181K	221K	131K	123K	116K	96K	104K	101K
Interest Expense	7.33M	12.12M	6.53M	6.36M	6.75M	6.78M	6.57M	7.99M	7.5M	7.68M	8.05M	4.98M	4.84M	3.68M	2.01M	2.16M	1.83M	1.35M	1M	1.1M
Other Income/Expense	-2.98M	-9.23M	9.57M	-3.02M	-4.21M	-3.38M	-12.81M	-3.42M	-604K	-103K	-1.57M	-1.28M	-4.92M	-3.91M	-883K	-262K	-1.05M	-2.56M	-1.06M	-1.72M
Pretax Income	55.78M	51.31M	53.55M	51.06M	38.54M	43.38M	37.96M	33.15M	36.66M	45.84M	34.35M	31.47M	30.22M	24.9M	25.5M	30.16M	17.6M	20.7M	14.17M	20.18M
Pretax Margin %	13.4%	12.25%	14.02%	12.95%	10.03%	11.36%	10.71%	9.33%	10.79%	13.56%	10.62%	9.73%	9.59%	7.78%	8.57%	10.28%	6.13%	7.02%	5.15%	7.25%
Income Tax	13.47M	12.51M	12.55M	13.05M	10.79M	10.8M	7.81M	5.2M	8.21M	10.12M	6.11M	3.84M	4.39M	4.66M	4.8M	-3.25M	2.33M	5.4M	3.63M	-432K
Effective Tax Rate %	24.15%	24.38%	23.44%	25.57%	27.98%	24.89%	20.58%	15.68%	22.4%	22.07%	17.78%	12.2%	14.52%	18.69%	18.81%	-10.76%	13.24%	26.1%	25.59%	-2.14%
Net Income	42.31M	38.8M	40.99M	38.01M	27.75M	32.58M	30.15M	27.95M	28.44M	35.73M	28.24M	27.63M	25.83M	20.25M	20.7M	33.4M	15.27M	15.3M	10.54M	20.61M
Net Margin %	10.17%	9.26%	10.74%	9.64%	7.22%	8.53%	8.51%	7.87%	8.37%	10.57%	8.73%	8.55%	8.2%	6.33%	6.96%	11.38%	5.32%	5.19%	3.83%	7.4%
Net Income Growth %	52.44%	19.1%	35.98%	35.99%	-2.42%	-8.8%	6.75%	1.15%	10.1%	76.47%	36.41%	-17.28%	69.16%	32.34%	96.33%	62.04%	27.62%	211.19%	-3.77%	34.04%
Net Income (Continuing)	42.31M	38.8M	40.99M	38.01M	27.75M	32.58M	30.15M	27.95M	28.44M	35.73M	28.24M	27.63M	25.83M	20.25M	20.7M	33.4M	15.27M	15.3M	10.54M	20.61M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	0.70	0.65	0.68	0.63	0.46	0.54	0.49	0.46	0.48	0.61	0.48	0.47	0.44	0.35	0.36	0.58	0.27	0.27	0.18	0.36
EPS Growth %	52.17%	20.37%	38.78%	36.96%	-4.17%	-11.48%	2.08%	-2.13%	9.09%	74.29%	33.33%	-18.97%	62.96%	29.63%	100%	61.11%	28.57%	200%	-5.26%	33.33%
EPS (Basic)	0.71	0.65	0.69	0.64	0.47	0.55	0.51	0.48	0.49	0.61	0.49	0.48	0.45	0.35	0.36	0.59	0.27	0.27	0.19	0.36
Diluted Shares Outstanding	60.38M	60.01M	60.01M	60.03M	59.92M	60.61M	61.28M	60.61M	59.54M	58.74M	58.57M	58.38M	58.38M	58.47M	58.18M	57.96M	57.59M	57.6M	57.53M	57.62M
Basic Shares Outstanding	59.81M	59.68M	59.51M	59.34M	59.24M	59.14M	58.9M	58.54M	58.23M	58.14M	57.96M	57.79M	57.68M	57.54M	57.35M	57.1M	56.84M	56.69M	56.59M	56.49M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-