Merit Medical Systems (MMSI) Cost of Revenue (2010 - 2026)
Merit Medical Systems' (MMSI) quarterly Cost of Revenue came in at $197.1 million in Q1 2026, up 7.5% year-on-year from $183.3 million in Q1 2025, and down 0.76% quarter-over-quarter from $198.6 million in Q4 2025.
Merit Medical Systems (MMSI) Cost of Revenue (2010 - 2026) Analysis & Trends
Merit Medical Systems has disclosed Cost of Revenue across 17 years of filings, most recently posting $197.1 million for Q1 2026.
- Cost of Revenue for Q1 2026 came in at $197.1 million, up 7.5% year-over-year; the trailing twelve-month figure through Mar 2026 was $791.4 million (up 9.2% YoY), and the FY2025 annual result was $777.6 million, up 9.04% from the prior year.
- Cost of Revenue came in at $197.1 million for Q1 2026 at Merit Medical Systems, down 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.
- The 5-year median for Cost of Revenue is $174.0 million (2023), against an average of $176.1 million.
- Peak annual rise in Cost of Revenue reached 12.76% in 2022, while the deepest fall reached 2.38% in 2022.
- Merit Medical Systems' Cost of Revenue stood at $158.9 million in 2022, then increased by 9.52% to $174.0 million in 2023, then rose by 4.71% to $182.2 million in 2024, then rose by 9.01% to $198.6 million in 2025, then slipped by 0.76% to $197.1 million in 2026.
- The last three Cost of Revenue figures came in at $197.1 million (Q1 2026), $198.6 million (Q4 2025), and $197.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 940.30 Mn |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 2.56 Bn |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 5.51 Bn |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 540.43 Mn |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 548.50 Mn |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 64.00 Mn |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 346.10 Mn |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 303.50 Mn |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 1.81 Bn |
| 10 | Merit Medical Systems | 4.03 Bn | 3.54 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 |