Merit Medical Systems (MMSI) EV to FCF (2014 - 2026)
Merit Medical Systems' EV to FCF came in at 18.17 for Q2 2026, down 32.7% from 27.01 a year earlier but up 10.7% from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) EV to FCF (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Merit Medical Systems reported EV to FCF of 11.64, down 42.6% year-over-year; for FY2025, it came in at 22.22, down 22.2% from FY2024.
- EV to FCF has declined in each of the last three years.
- Going back by year, EV to FCF was 28.57 in FY2024 (-16.8%), 34.35 in FY2023 (-40.4%), 57.59 in FY2022 (+98.7%) and 28.98 in FY2021 (+14.0%).
- The five-year range for quarterly EV to FCF is 16.41 (Q1 2026) to 97.89 (Q2 2023).
- Year-over-year, EV to FCF has declined for four consecutive quarters, with an average decline of 21.1% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in Q2 2023 (growth of 191.1%), and the weakest in Q2 2024 (a decline of 75.2%).
- Business Quant data shows MMSI's EV to FCF at 16.41 (Q1 2026), 22.22 (Q4 2025) and 21.96 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.99 Bn | 237.02 Bn | 4.88 Bn |
| 2 | Abbott Laboratories | 175.01 Bn | 145.44 Bn | 7.27 Bn |
| 3 | Danaher | 164.93 Bn | 148.74 Bn | 3.61 Bn |
| 4 | Intuitive Surgical | 151.84 Bn | 131.26 Bn | 1.96 Bn |
| 5 | Medtronic | 119.05 Bn | 84.30 Bn | 6.34 Bn |
| 6 | Stryker | 113.89 Bn | 100.00 Bn | 4.50 Bn |
| 7 | Boston Scientific | 65.37 Bn | 60.13 Bn | 3.85 Bn |
| 8 | Becton Dickinson | 53.36 Bn | 50.51 Bn | 2.32 Bn |
| 9 | Edwards Lifesciences | 50.83 Bn | 34.83 Bn | 1.35 Bn |
| 10 | Merit Medical Systems | 5.46 Bn | 3.68 Bn | 215.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.17 |
| Mar 31, 2026 | 16.41 |
| Dec 31, 2025 | 22.22 |
| Sep 30, 2025 | 21.96 |
| Jun 30, 2025 | 27.01 |
| Mar 31, 2025 | 32.38 |
| Dec 31, 2024 | 28.57 |
| Sep 30, 2024 | 29.84 |
| Jun 30, 2024 | 24.25 |
| Mar 31, 2024 | 28.58 |
| Dec 31, 2023 | 34.35 |
| Sep 30, 2023 | 55.10 |
| Jun 30, 2023 | 97.89 |
| Mar 31, 2023 | 61.16 |
| Dec 31, 2022 | 57.59 |
| Sep 30, 2022 | 34.69 |
| Jun 30, 2022 | 33.63 |
| Mar 31, 2022 | 40.07 |
| Dec 31, 2021 | 28.98 |
| Sep 30, 2021 | 36.78 |
API Access
Merit Medical Systems EV to FCF 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=ev-to-fcf&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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=ev-to-fcf&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();