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| Date | Value |
|---|---|
| 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% |