Merit Medical Systems (MMSI) FCF Margin (2010 - 2026)

Merit Medical Systems' (MMSI) quarterly FCF Margin came in at 6.46% in Q1 2026, down 388.0% year-on-year from 2.24% in Q1 2025, and down 74.65% quarter-over-quarter from 25.49% in Q4 2025.

Merit Medical Systems (MMSI) FCF Margin (2010 - 2026) Analysis & Trends

Merit Medical Systems has disclosed FCF Margin across 17 years of filings, most recently posting 6.46% for Q1 2026.

  • FCF Margin for Q1 2026 came in at 6.46%, down 388.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.29% (up 1728.0% YoY), and the FY2025 annual result was 19.41%, up 572.0% from the prior year.
  • FCF Margin came in at 6.46% for Q1 2026 at Merit Medical Systems, down from 25.49% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 27.27% in Q3 2025 to a low of 39.77% in Q4 2024.
  • The 5-year median for FCF Margin is 12.77% (2022), against an average of 9.82%.
  • Across the five-year window, FCF Margin tumbled 5783 bps in 2024 and surged 6526 bps in 2025, its largest moves.
  • Merit Medical Systems' FCF Margin stood at 19.37% in 2022, then retreated by 7 bps to 18.06% in 2023, then sank by 320 bps to 39.77% in 2024, then soared by 164 bps to 25.49% in 2025, then slumped by 75 bps to 6.46% in 2026.
  • The last three FCF Margin figures came in at 6.46% (Q1 2026), 25.49% (Q4 2025), and 27.27% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Intuitive Surgical 148.09 Bn 143.69 Bn 1.83 Bn 29.18%
2 Becton Dickinson 41.00 Bn 39.99 Bn 2.15 Bn 11.58%
3 Medline 30.38 Bn 36.22 Bn 1.84 Bn 4.30%
4 Resmed 28.22 Bn 26.56 Bn 890.98 Mn 36.36%
5 West Pharmaceutical Services 23.72 Bn 23.19 Bn 296.40 Mn 7.55%
6 Solventum 13.33 Bn 13.33 Bn 1.10 Bn -13.60%
7 Cooper Companies 13.12 Bn 12.99 Bn 735.40 Mn 8.91%
8 Align Technology 12.86 Bn 11.80 Bn 736.59 Mn 11.56%
9 Baxter International 10.51 Bn 8.47 Bn 891.00 Mn 2.81%
10 Merit Medical Systems 4.03 Bn 3.54 Bn 184.80 Mn 6.46%

Historic Data

Download Data
DateValue
Mar 31, 2026 6.46%
Dec 31, 2025 25.49%
Sep 30, 2025 27.27%
Jun 30, 2025 13.68%
Mar 31, 2025 10.34%
Dec 31, 2024 -39.77%
Sep 30, 2024 12.90%
Jun 30, 2024 22.12%
Mar 31, 2024 7.58%
Dec 31, 2023 18.06%
Sep 30, 2023 16.10%
Jun 30, 2023 5.18%
Mar 31, 2023 3.68%
Dec 31, 2022 19.37%
Sep 30, 2022 2.27%
Jun 30, 2022 12.77%
Mar 31, 2022 3.47%
Dec 31, 2021 13.46%
Sep 30, 2021 2.39%
Jun 30, 2021 16.54%