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
DateValue
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