Merit Medical Systems (MMSI) Cost of Revenue (2010 - 2026)
Merit Medical Systems (MMSI) reported Cost of Revenue of $197.1 million for Q1 2026, up 7.5% on a YoY basis from $183.3 million in Q1 2025, and down 0.76% sequentially from $198.6 million in Q4 2025.
Merit Medical Systems (MMSI) Cost of Revenue (2010 - 2026) Analysis & Trends
Merit Medical Systems (MMSI) has 17 years of Cost of Revenue data on file, last reported at $197.1 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 7.5% year-over-year to $197.1 million; the trailing twelve-month figure through Mar 2026 stood at $791.4 million (up 9.2% YoY), and the FY2025 full-year result was $777.6 million, up 9.04% from the prior year.
- Cost of Revenue eased to $197.1 million in Q1 2026, from $198.6 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $198.6 million in Q4 2025 to a low of $154.5 million in Q1 2022.
- A 5-year average of $176.1 million and a median of $174.0 million in 2023 frame the typical range for Cost of Revenue.
- Peak annual rise in Cost of Revenue reached 12.76% in 2022, while the deepest fall reached 2.38% in 2022.
- Tracing MMSI's Cost of Revenue over 5 years: stood at $158.9 million in 2022, then grew by 9.52% to $174.0 million in 2023, then increased by 4.71% to $182.2 million in 2024, then increased by 9.01% to $198.6 million in 2025, then decreased by 0.76% to $197.1 million in 2026.
- Business Quant data shows MMSI's Cost of Revenue at $197.1 million in Q1 2026, $198.6 million in Q4 2025, and $197.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 126.32 Bn | 121.10 Bn | 1.96 Bn | 931.90 Mn |
| 2 | Becton Dickinson | 44.69 Bn | 43.88 Bn | 2.15 Bn | 2.56 Bn |
| 3 | Alcon | 32.80 Bn | 31.14 Bn | 1.53 Bn | 18.00 Mn |
| 4 | Medline | 32.72 Bn | 30.49 Bn | 1.84 Bn | 5.51 Bn |
| 5 | Resmed | 29.54 Bn | 27.88 Bn | 890.98 Mn | 532.58 Mn |
| 6 | West Pharmaceutical Services | 23.56 Bn | 23.13 Bn | 329.20 Mn | 543.10 Mn |
| 7 | Solventum | 14.00 Bn | 13.44 Bn | 1.10 Bn | 11.00 Mn |
| 8 | Cooper Companies | 13.75 Bn | 13.61 Bn | 735.40 Mn | 346.10 Mn |
| 9 | Align Technology | 12.03 Bn | 10.97 Bn | 736.59 Mn | 303.50 Mn |
| 10 | Merit Medical Systems | 4.54 Bn | 4.05 Bn | 184.80 Mn | 197.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 197.08 Mn |
| Mar 31, 2026 | 197.08 Mn |
| Dec 31, 2025 | 198.58 Mn |
| Dec 31, 2025 | 198.58 Mn |
| Sep 30, 2025 | 197.75 Mn |
| Sep 30, 2025 | 197.75 Mn |
| Jun 30, 2025 | 197.98 Mn |
| Jun 30, 2025 | 197.98 Mn |
| Mar 31, 2025 | 183.33 Mn |
| Mar 31, 2025 | 183.33 Mn |
| Dec 31, 2024 | 182.18 Mn |
| Dec 31, 2024 | 182.18 Mn |
| Sep 30, 2024 | 182.31 Mn |
| Sep 30, 2024 | 182.31 Mn |
| Jun 30, 2024 | 176.90 Mn |
| Jun 30, 2024 | 176.90 Mn |
| Mar 31, 2024 | 171.79 Mn |
| Mar 31, 2024 | 171.79 Mn |
| Dec 31, 2023 | 173.99 Mn |
| Dec 31, 2023 | 173.99 Mn |