Merit Medical Systems (MMSI) FCF Margin (2010 - 2026)
Merit Medical Systems (MMSI) reported FCF Margin of 6.46% for Q1 2026, down 388.0% on a YoY basis from 2.24% in Q1 2025, and down 65.63% sequentially from 18.8% in Q4 2025.
Merit Medical Systems (MMSI) FCF Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems (MMSI) has 17 years of FCF Margin data on file, last reported at 6.46% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 388.0% year-over-year to 6.46%; the trailing twelve-month figure through Mar 2026 stood at 13.2% (up 1265.0% YoY), and the FY2025 full-year result was 14.23%, up 54.0% from the prior year.
- FCF Margin declined to 6.46% in Q1 2026, from 18.8% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 18.8% in Q4 2025 to a low of 39.77% in Q4 2024.
- A 5-year average of 7.3% and a median of 9.6% in 2024 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin plunged 5676 bps in 2024 and soared 5857 bps in 2025, its largest moves.
- Tracing MMSI's FCF Margin over 5 years: stood at 5.29% in 2022, then jumped by 221 bps to 16.98% in 2023, then plunged by 334 bps to 39.77% in 2024, then surged by 147 bps to 18.8% in 2025, then tumbled by 66 bps to 6.46% in 2026.
- Business Quant data shows MMSI's FCF Margin at 6.46% in Q1 2026, 18.8% in Q4 2025, and 13.68% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 20.74% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 37.88% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 11.58% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 4.30% |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 36.36% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 9.26% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 8.91% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | -13.60% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 11.56% |
| 10 | Merit Medical Systems | 4.36 Bn | 3.87 Bn | 184.80 Mn | 6.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 10.73% |