Merit Medical Systems (MMSI) EBITDA Margin (2010 - 2026)
Merit Medical Systems (MMSI) recorded EBITDA Margin of 22.12% in Q3 2026, up 2.51 percentage points from 19.61% a year earlier but down 0.04 percentage points from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) EBITDA Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Merit Medical Systems' EBITDA Margin came in at 21.61% as of Sep 30, 2026, up 1.71 percentage points year-over-year; for FY2025, it came in at 20.68%, up 1.14 percentage points from FY2024.
- Annual EBITDA Margin has increased for five straight years, with a five-year change of +11.02 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 19.55% in FY2024 (+2.40 pp), 17.15% in FY2023 (+2.38 pp), 14.77% in FY2022 (+1.22 pp) and 13.55% in FY2021 (+3.89 pp).
- Quarterly EBITDA Margin has ranged from 13.02% in Q1 2022 to 22.16% in Q2 2026 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in six of the last eight quarters, with an average year-over-year change of +1.15 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 5.25 percentage points in Q2 2024, against a drop of 1.34 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.16% (Q2 2026), 19.92% (Q1 2026) and 22.12% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 25.44% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 20.09% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 30.00% |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 25.90% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 25.55% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 20.38% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 23.14% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 20.05% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 24.62% |
| 10 | Merit Medical Systems | 5.24 Bn | 3.36 Bn | 200.63 Mn | 22.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.12% |
| Jun 30, 2026 | 22.16% |
| Mar 31, 2026 | 19.92% |
| Dec 31, 2025 | 22.12% |
| Sep 30, 2025 | 19.61% |
| Jun 30, 2025 | 20.73% |
| Mar 31, 2025 | 20.19% |
| Dec 31, 2024 | 19.01% |
| Sep 30, 2024 | 19.17% |
| Jun 30, 2024 | 21.16% |
| Mar 31, 2024 | 18.86% |
| Dec 31, 2023 | 17.94% |
| Sep 30, 2023 | 18.86% |
| Jun 30, 2023 | 15.90% |
| Mar 31, 2023 | 15.82% |
| Dec 31, 2022 | 17.40% |
| Sep 30, 2022 | 13.66% |
| Jun 30, 2022 | 14.86% |
| Mar 31, 2022 | 13.02% |
| Dec 31, 2021 | 15.42% |
API Access
Merit Medical Systems EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "MMSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();