Merit Medical Systems (MMSI) FCF Margin (2010 - 2026)
Merit Medical Systems (MMSI) posted FCF Margin of 12.4% for Q2 2026, up 91.96% sequentially from 6.46% in Q1 2026, and down 578.0% YoY from 2.59% in Q2 2025.
Merit Medical Systems (MMSI) FCF Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems has reported FCF Margin for 17 years, with the latest figure at 12.4% in Q2 2026.
- Quarterly FCF Margin fell 578.0% year-over-year to 12.4% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 12.87% (up 1386.0% YoY) and the FY2025 annual result came in at 14.23%, up 54.0% from the prior year.
- FCF Margin advanced to 12.4% in Q2 2026 per MMSI's latest filing, from 6.46% in the prior quarter.
- Over five years, FCF Margin peaked at 18.8% in Q4 2025 and troughed at 39.77% in Q4 2024.
- A 5-year average of 7.2% and a median of 9.14% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin slumped 5676 bps in 2024, then surged 5857 bps in 2025.
- Over 5 years, FCF Margin stood at 5.29% in 2022, then jumped by 221 bps to 16.98% in 2023, then tumbled by 334 bps to 39.77% in 2024, then surged by 147 bps to 18.8% in 2025, then plunged by 34 bps to 12.4% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 12.4%, 6.46%, and 18.8% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 132.71 Bn | 127.50 Bn | 1.96 Bn | 32.79% |
| 2 | Becton Dickinson | 51.57 Bn | 50.71 Bn | 2.32 Bn | 12.70% |
| 3 | Alcon | 35.52 Bn | 34.17 Bn | 1.68 Bn | 4.82% |
| 4 | Resmed | 33.28 Bn | 31.81 Bn | 861.22 Mn | 27.57% |
| 5 | Medline | 27.86 Bn | 25.18 Bn | 2.22 Bn | 7.86% |
| 6 | West Pharmaceutical Services | 25.15 Bn | 24.71 Bn | 329.20 Mn | 9.26% |
| 7 | Solventum | 15.31 Bn | 14.91 Bn | 1.29 Bn | 6.52% |
| 8 | Cooper Companies | 14.86 Bn | 14.72 Bn | 735.40 Mn | 8.91% |
| 9 | Baxter International | 13.63 Bn | 11.48 Bn | 1.03 Bn | 6.11% |
| 10 | Merit Medical Systems | 5.39 Bn | 4.94 Bn | 215.17 Mn | 12.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.40% |
| Mar 31, 2026 | 6.46% |
| Dec 31, 2025 | 18.80% |
| Sep 30, 2025 | 13.68% |
| Jun 30, 2025 | 13.68% |
| Mar 31, 2025 | 10.34% |
| Dec 31, 2024 | -39.77% |
| Sep 30, 2024 | 17.87% |
| Jun 30, 2024 | 15.20% |
| Mar 31, 2024 | 9.60% |
| Dec 31, 2023 | 16.98% |
| Sep 30, 2023 | 8.95% |
| Jun 30, 2023 | 8.05% |
| Mar 31, 2023 | 0.59% |
| Dec 31, 2022 | 5.29% |
| Sep 30, 2022 | 6.86% |
| Jun 30, 2022 | 10.69% |
| Mar 31, 2022 | 0.90% |
| Dec 31, 2021 | 7.44% |
| Sep 30, 2021 | 13.09% |